In 2016, people built 11,200 apartments with a total area of 1 million 544.6 thousand square meters at their own expense, which is 92% of the property put in operation for the year, the State Statistical Committee told Turan.
In the past year 1 million 677.1 thousand sq. m of housing was put into operation in Azerbaijan, of which 78.6 thousand sq. m. accounted for flats built for internally displaced persons.
In 2016 housing construction was invested 683.5 million manats, including 47.5 million manat by the state. ---08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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