The Cabinet of Ministers adopted on June 21 a decree that Baku Metro was designated body responsible for the purchase of land in the state needs for three projects.
According to the document, for the construction of a new metro station at the address Jeyhun Salimov 1065th quarter (Nasimi district) it is planned to purchase 3.26 hectares. Also, for the construction of electric depot Dernegul and Khojasan there will be purchased respectively 17.09 and 21.91 hectares of land in the village Rasulzade (2126/27 quarter) and the eastern part of the road Khojasan-Lokbatan.
The government instructed the Baku Metro to implement preparatory work in conformity with the law "On the purchase of land in the state needs" and submit proposals in connection with this. 08D
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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