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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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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