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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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