In 2012, investment in construction activity in Azerbaijan amounted to 15.3 billion manat, which is 18% higher than for 2011. The announcement was issued by the State statistics Committee.
The share of domestic sources in financing the construction industry in 2012 amounted to 78.8%. In this case, the public sector, including the state budget, has 59.3% of investments.
Last year was commissioned housing a total area of ??1 757 thousand square meters.
For the year were put into operation a few hotels (Gafgaz Baku City Hotel and Residences, JW Marriott Absheron, Four Seasons, Shaki Palace, Zirve, Gaya, Ayan Palace), sports facilities (Baku Crystal Hall, and the Olympic Complexes in Astara and Jalilabad) chess schools, small hydro power plants, industrial plants. According to the State Statistics Committee, in 2012, was built and commissioned in the hospital for 15 beds, outpatient enterprise capable of taking a shift of about 1,000 patients, schools for 47,468 pupils, pre-school places for 1115, etc.
On the eve of the Minister of Economic Development Shahin Mustafayev said at a government meeting that in 2012, were built or renovated 268 schools, 62 kindergartens, 40 health facilities and 20 cultural sites. The construction and repair of more 420 social and cultural facilities was provided. - 08D-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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