developing A concept of demolishing high-rise residential buildings which have exhausted their useful lives in all nine districts of Baku is being developed, and new homes will be built in their place, reporters were told by the Minister of Emergency Situations Kamaladdin Heydarov. According to him, construction will be carried out by construction companies. Residents of old houses will be provided with apartments in new buildings. The remaining apartments will be sold to construction companies and it will be their commercial benefit.
The Emergencies Ministry, for its part, will support the companies, but it is not specified what will be support.-03D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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