In order to improve the conditions of housing students a dormitory will be built in Ganja State Agrarian University for 1,200 people. For the design of the building the government has allotted AZN 150,000 to the executive power.
According to the adopted on November 29 order of the Cabinet of Ministers, the 12-storey residence will consist of five blocks, and will be built in Ganja at 102 Ozan Street.
Funds for the design of the building attracted by reducing funding for the preparation of design estimates of investment projects financed from the state budget.
Note that the government releases the student dormitories, temporarily settled by IDPs. For displaced families residential settlements are built in the surrounding villages of the capital. -08D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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