Residential buildings with a total area of 1 million 677.1 thousand square meters were commissioned in Azerbaijan in 2016, the State Statistics Committee reported initially on January 24.
The housing area put into operation decreased by 13.2% in 2016. Housing construction was invested AZN 683,500,000 from all financing sources (government, private sector, citizens), which is 35.2% less than in 2015.
The construction of social facilities also reduced. Secondary schools for 4,972 student places and pre-school institutions for 2,267 children were commissioned. ----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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