Last week the Ministry of Finance Commission chaired by the Minister of Finance Samir Sharifov decided on the distribution of 222 apartments to servicemen, who impeccably served in the armed forces for 20 or more calendar years.
According to the press service of the Ministry of Finance, as of 23 September, 404 military personnel are waiting for their turn to receive housing in accordance with the criteria stipulated in the decree of the head of state of the Azerbaijan Republic about strengthening social protection measures for the Armed Forces of 28 December 2011.
The area and the financing allocated for the apartments are usually not reported.
Last week 304 people were received to the queue for housing.
Official reports of the Commission on housing for the military personnel have been published since 2012. Since that time, the allocation of 616 apartments has been announced, including 337 in 2012, 25 in 2013, and 32 in 2014. ------08D
Economics
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The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
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Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
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Azerbaijan has spent over $1.6 billion on large-scale infrastructure projects, including the Crystal Hall for Eurovision, the Olympic Stadium in Baku, and the Shahdag ski resort. But according to Fikret Mamedov, a graduate of London Business School and director of Sage Solutions, this spending has not provided long-term benefits for the country’s economy.
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The outcome of the 44-day Second Karabakh War in 2020 has significantly reshaped the ranking of foreign direct investment (FDI) into Azerbaijan's economy, economist Gubad Ibadoglu said in an article. Recent data show a notable rise in investments from Russia, Turkey, and China, particularly targeting the liberated territories. However, Western investments have remained limited, as barriers such as monopolies, a lack of judicial independence, and the government's classification of states as "friendly" or "unfriendly" have dampened interest.
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