In January-April this year, rights to 44.7 thousand properties were registered in Azerbaijan. This is a 6.8% increase over the comparable period in 2011. In this case the initial registration of property rights decreased by 14.3%.
According to the State Committee on Property, in the primary market the rights to 13,267 properties were registered in this period. The types of the property were not made public.
The secondary real estate market showed 19.1% growth. The rights to real estate were issued for 31.4 thousand objects, which were the subject of sale. In January-April, land transactions were 16,828 (the leading index). Rights were issued to 15,998 apartments, including the privatization of state housing stock. Extracts were obtained on 9,200 cases of individual ownership of houses and country estates.
Over a third of the registration of property rights in January-April this year fell on the city of Baku - 15.6 thousand. However, most of the property, on which rights were registered, included apartments (11.2 thousand). - 08D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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