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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According to data released by the State Statistics Committee, Azerbaijan’s agricultural sector achieved slight production growth in the first eight months of 2024. The total volume of agricultural production reached 8.723 billion manats, which is 0.8% higher than during the same period last year. However, this growth occurs against a backdrop of increasing food imports, despite significant government subsidies aimed at supporting domestic agriculture.
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Azerbaijan has unveiled strong fiscal indicators for the first eight months of the current year, reporting a state budget surplus that underscores the country’s economic resilience amidst global uncertainties. According to operational data released by the Ministry of Finance, state budget revenues from January to August 2024 reached 25 billion 223.4 million manats, while expenditures amounted to 22 billion 362.4 million manats.
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Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
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Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
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