In 2012, the State Committee for Securities registered the issue of one of 96 housing certificates. This is 81% less than the previous year.
According to the SSC, the total value of issued certificates were 61 80 000 manats. It is 4.5 times more than in 2011. Issued certificates guarantee the transfer of the property of their owners with total area 9823 square meters. Thus, 1 square m of area estimated to be about 6,300 manat. In 2011, the figure was 475 manats.
Azerbaijan housing certificates are used to ensure sale under construction residential and non-residential area. This practice is used in the last 5-6 years and is not popular among construction companies. So frequent cases when the same apartment building company sold more than one person. There are hundreds of such cases of fraud citizens. - 08B-
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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