The Cabinet approved on December 30 "The list of objects of danger and potential construction sites of national importance." This identified 21 kinds of objects of potential danger. It includes pipes of 1,000 mm in diameter, power plants, compressor stations, boilers, water storage capacities of over 10 mcm and their dams, factories and warehouses of oil products, oil and gas reservoirs, and gas and oil platforms at sea. These objects are also considered: grain terminals, elevators and bins with a capacity of 500 tons, mills, enterprises for animal feed production, facilities of aspiration, underground and above-ground garages in apartment buildings, high-voltage lines and facilities, and petrol stations.
Construction objects of state importance are: museums, libraries and archives of national importance, tunnels and subway stations, bridges with length of 1,000 m, indoor sports facilities with a capacity of over 2,000 people, concert palaces and conference halls, public and mixed-use buildings and structures over 75 meters high, ports and train stations.
The document was adopted pursuant to the requirements of the Town Planning & Building Code, approved in June 2012. ---08D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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