The Ministry of Labor and Social Welfare has concluded contracts with 13 different companies for the construction of housing in regions of the country for the families of Karabakh war disabled and martyrs.
According to the Ministry, 142 1-3-room individual houses will be built in the regions. In total, these apartments will have 405 rooms.
The total of the contracts amounts to AZN 9 million 638 thousand.
The contract for the construction of houses on the basis of tenders has been received by the companies Inkishaf Temir Tikinti, Arko Temir Tikinti Shirketi, Tala Tikinti, Olimp-S, Shahbulaq Kommersiya Inshaat ve Ticaret», Arsenal-E, Natal Inshaat, Perlit, Tua-TT, A-Construction Ltd and MIS-T. ---08D
Economics
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
-
The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
-
In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
Leave a review