The land in Azerbaijan is still not classified and is not evaluated in the present, and for this it is necessary to create a single evaluation association - said at the seminar "Methods of monitoring the management of land in Baku," the deputy chairman of the State Agency on Land and Cartography of Slovenia, expert Thomas Petek said.
The event was organized by the Expert Commission Technical Assistance and Information Exchange (TAIEX) of the European Union, together with the State Committee for Property Affairs.
During the seminar, local actors and foreign experts have noted the need to improve methods of monitoring of land and the creation of a unified database of cadastral valuation of real estate. Much of the land, including state and municipal, is misused, so there is a need for penalties in this regard, as well as public education. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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