The Cabinet of Ministers of Azerbaijan adopted a resolution "On additional measures to accelerate socio-economic development of the Binagadi and Garadagh districts of Baku."
The document provides for the demolition of 49 apartment buildings, home to 1,247 families in the Binagadi district and 166 private houses in the village Balajary and its municipality. In the Garadagh region 274 poor houses of reeds and wood, inhabited by 10,960 people, mostly in the settlements Lokbatan, Sahil, Gizildash, Alat and Puta, will be demolished.
The program of demolition of illegally constructed and poor housing, as well as the transfer of buildings from the exclusive infrastructure zone, is designed for 5 years. During this time, local executive authorities will draw up detailed plans for these areas, give permission for the design and construction of new housing and commercial buildings, as well as give part of the state land plots for permanent use or lease. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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