The State Committee for Property Affairs together with experts from the World Bank has prepared and submitted to the Government of Azerbaijan a specific strategy for managing illegal construction. This was announced at today's event in Baku on the occasion of the five-year period of the project "Registration of real estate."
This draft is a subcomponent on illegal buildings. The press service of the State Committee told Turan that the main objective of the strategy is the protection of the property rights of citizens of Azerbaijan. The strategy has not yet been released to the public.
According to official sources in Azerbaijan, there are over 500 thousand illegal structures, mostly single-family houses. Some of them were built in the protection zone of utilities. - 08D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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