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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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