Pilot projects in the Surakhani, Khatai, Narimanov, Nasimi, Yasamal, Sabail and Pirallahi areas of Baku are conducted, presuming the demolition of old housing and construction of new blocks of flats.
As reported by the State Committee for Urban Planning and Architecture, in the course of the project the international housing standards, the population density standards, the ratio of green spaces and so on will be met.
These projects involve the construction of a number of 14-15 storey residential buildings in the streets of Tabriz and Firdovsi Aliyev (Narimanov district), three high-rise residential buildings on Fatali Khan Khoysky Street and the Faik Askerov Crossing (Narimanov district);
On Khanlar Street in the Sabail district four 1-2 storey houses will be demolished and four high-rise buildings will be constructed.
Houses in the square enveloping the streets Shamil Azizbekov, Samed Vurgun, Mardanov Gardashlari and S. Askerova, etc. will be demolished.
The terms and the demolition compensations have not been disclosed.
In general, the demolition of up to 1,000 homes and moving of 20,000 people to new ones is assumed to be carried out before 2020. -02D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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