In 2012, the State Committee on Property of the registered rights of citizens and companies in about 150 000 properties. This is about 3000 units or 2% more than in the previous year.
The press service of the State Committee noted that the primary real estate market registered the rights to about 42 000 objects. This is 20% less than in 2011. In the secondary market real estate transactions carried 108,000 objects, which is 14% higher than for 2011. Note that in 2011 the growth rate of registration of property rights in real estate on the primary market was 81.4%, the secondary market - 44.3%.
In the State Committee they argue that the process of issuing certificates of occupancy of the property and extracts from the register on transactions in the secondary market has accelerated and made 1 and 7 days, respectively, instead of 5 and 20 working days. In the primary market the situation remains the same. -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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