Since the 4th of August, in the building of executive power of the Geygel district a public discussion is held of the preliminary draft Master Plan for Geygel.
The State Committee of Urban Planning and Architecture (GKGA) told Turan, that the discussions will be held within 60 days, and members of the public during this period may submit their claims and proposals to the draft master plan.
This year, in compliance with Article 29 of the Code of urban planning and construction, organized public discussion draft master plan of four cities (Mingyachevir, Naphthalene, Shirvan and Hussar).
According to GKGA, under development are the main planning documents more than 10 towns and regional centers. The Government approved the Master Plans of 26 towns. - 08D-
Economics
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On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
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The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
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Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
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Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
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