The names of first-year students enrolled in colleges and technical schools of Baku have become clear. Many provincials have scurried in search of tenements, which determined the activity of this segment of the housing market.
In late July, there was an increase in prices - compared to June there was a significant jump (12%), which is in the normal range - at an average annual price rise of about 10%. According to realtors - private traders, the prices will continue to rise in August - early September. Overall, however, the real estate market is in stagnation.
The greatest demand in Baku is for rental apartments in the houses located near metro stations, and especially specialized universities. Demand has increased for apartments in the area of Baku State University, Azerbaijan State Economic University, the Academy of Oil and Gas and Azerbaijan Technical University. --17D-
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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