In the first half of this year in Azerbaijan were registered the ownership rights for 97,669 houses, by 19.1% more than over six months of last year.
The main part of the operations were made in the secondary market - 70.2 thousand. Then began the demolition of thousands of residential apartments in the old quarters of Baku known as "Sovetskaya Street." The property is purchased for the state needs, and planting of greenery will be on this site. Growth of real estate activity can be explained by this phenomenon.
Since the beginning of the year were compiled data sheets of 84 thousand houses, 13.8% more than in the first half of 2013.
Security of property also increased. In the first half of this year, the subjects of security became 21,060 objects. This is by 2000 more than in the comparable period of last year. - 08D-
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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