The State Property Committee (SPC) proceeded to install targeted tablets of their own design according to European standards, in accordance with the regulations "On the maintenance of the register addresses in the AP and the award addresses the real estate objects."
Until the end of the year address plaques will be installed on all 2,500 streets, avenues, squares and other transport infrastructure in Baku. Starting next year, the process will continue in other cities and regions of the country, they told Turan in SPC. Under the new rules, addresses are awarded not only to the building, but to each of its entrances.
With the assistance of the South Korean company "SK C & C Co LTD" they have developed a unified information system of address register in Azerbaijan. Since January this year addresses the real estate objects are awarded under the new rules. Plates of addresses are made in the Republic of Korea. According to SPC experts, the new rules on the management of addresses will allow citizens, public, private and municipal governments to quickly find the right address.
The new system is created with the technical assistance of the Norwegian Mapping organization that has provided a grant to SPC. - 08D -
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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