As of August 1, the average prices in the primary real estate market of the capital of Azerbaijan totaled AZN 802.3.
According to a press release from the Public Association "The market property" in January-July, new apartments are cheaper by 1% compared to the end of the first half.
Compared with the beginning of the fall in prices is even more noticeable - 5.4%, while for the year the difference is somewhat milder - 4.1%.
Total to August 1 this year the construction of 420 multi-storey residential buildings carried out by 150 contractors was recorded. The largest building boom is experienced in the Yasamal, Khatai and Nasimi district of Baku. - 17D-
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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