Baku/22.01.14/Turan : Baku since the entry into force on 1st October 2009 of the Housing Code was first registered mutual society of apartment owners in residential buildings. Residential buildings in Azerbaijan during the Soviet period , were operated by the housing and operational areas at the local executive power.
The Ministry of Economy and Industry told Turan, that residents of three buildings on the streets of S.S. Akhundov and I. Dadashov merged into a nonprofit society Binegedi -1, which was subjected to official state registration. Document presented for registration of another new building on the street G. Zerdabi 89A .
In addition, at the general meeting of residents of the buildings along the street S. Rahman , 45 , it was agreed to transfer to the other party building management in order to ensure its preservation , development and management.
Currently, work is underway on the use of new forms of management of the housing stock in another 21 apartment buildings located in the districts Binegedi, Yasamal, Sabail and Narimanov districts .
With the financial support of the European Union , a project to reform the housing sector in Azerbaijan is conducted.
According to the Housing Code, the governing body of the apartment building is the general meeting of residents. They also determine the service charge for the conservation and arrangement of buildings .
The government invests huge sums from the state budget for the resettlement of facades and roofs of apartment buildings. Boards are installed for servicing residential buildings depending on the size of the apartment , the size of which is symbolic (0.02 manats per 1 m2). Citizens do not show specific initiatives to take on themselves the burden of management of the building , possibly because of high material costs.
Under the law, work to encourage citizens to join the societies of the sort should be implemented by municipalities. However, municipalities in Azerbaijan do not have sufficient institutional and financial framework for the implementation of this major reform of housing management . Therefore , the work is coordinated by the Ministry of Economy and Industry. 08B
Economics
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review