During the fourth quarter of last year, prices for housing in Azerbaijan increased on average by 0.6% .The growth rate of prices in the primary housing market in October-December was ahead of the secondary market by 0.3%, according to the State Statistics Committee.
According to SSC estimates, in the fourth quarter of 2014, prices for apartments in Azerbaijan increased by 10.1% compared to the same period in 2013. In annual terms, the primary market apartment prices rose by 9.1%, while the secondary market prices rose even more - 10.1%.
Moderately rising are prices for apartments in luxury buildings, where unrepaired area is offered at 1,500 manat and more per 1 square meter. In new buildings such apartments rose at an annualized rate by 3.8%, while in the secondary market they rose by 5.8%. 08D
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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