Yesterday’s meeting of the Parliamentary Committee on Agrarian Policy examined the proposals to amend the Criminal Code and the Code of Administrative Offences. The changes provide increased penalties for inefficient use of land. According to independent experts, it will violate the right to land ownership of poor villagers.
According to the proposed amendments to the legislation, for violation of the right to land ownership enshrined by the law, for unauthorized seizure, illegal fencing, plowing, carrying out construction and installation work on the land, as well as other methods preventing the use of these lands, penalties will be applied in the amount of 1,500 manats.
Also envisaged is community service from 240 to 400 hours and a year of corrective labor or imprisonment.
"According to Article 188 of the Penal Code, if it comes to agricultural land, then, respectively, a penalty will be applied as a fine of 3,000 – 5,000 manats, or public works or imprisonment for two years. In case of repeated breaches of the law there will be tougher punishment as a fine of AZN 5,000 – AZN 7,000 or imprisonment for one to three years," the document proposed for discussion at the session of Milli Majlis reads. --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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