The reduction of the construction sector amounted to 25-30% this year, this sector is experiencing a setback, said today President Ilham Aliyev. Communicating with residents of the new houses in the village Ramana, he said that in the capital there are a lot of old and dilapidated buildings that need to be demolished, and in their place will be erected new ones. This will have a positive impact on the recovery of the construction sector and building materials, and new jobs will be created.
"We invite all firms, businessmen participate in such projects. In just a few years in our country should not remain a single emergency buildings," he said, noting that the priority is social housing, and soon will be built 49 such houses. "This is a pilot project, and it has a great future," Aliyev said. -02D-
Economics
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Azerbaijan’s state-owned energy company, SOCAR, is deepening its engagement in international gas projects as it seeks to diversify supply routes to Europe. In January 2025, the company acquired a 10% stake in Israel’s Tamar gas field, which holds an estimated 300 billion cubic meters (bcm) of natural gas. The field, located near the giant Leviathan deposit, is seen as a key source for expanding gas exports from the eastern Mediterranean.
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Police officers from the 36th Department of the Khatai District Police Department have detained Saday Sarkarov, who was elected by residents of the residential complex at 58b Ganja Avenue to represent their interests in court against the management company Xətai Park Servis.
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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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