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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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