In 2014 in Azerbaijan was commissioned housing with a total area of 2 million 196.7 thousand m2. This is 8.4% less than in the previous year, the State Statistics Committee told Turan.
During the year it was decided to operate 17,428 apartments on 1 million 366.8 thousand m2. This was 3,500 apartments less than a year earlier.
The share of the state was 205.1 thousand m2 of housing, of which 132.6 thousand m2 was living area. Last year, the government met the needs for housing of 3,088 families.
Last year private companies put into operation 1,245 apartments with a total area of 185.2 thousand m2, of which only 105.2 thousand was a residential area.
The State Statistics Committee told Turan that in 2014 housing construction was invested 1 billion 78.8 million manats, of which 30% (327.7 million manats) was financed by the state. Private companies invested 267,400,000 manats in the business. The remaining funds were people’s investment.
In the city of Baku 2,487 apartments with a total area of 478 thousand m2 were put into operation. Investment in housing construction in the capital amounted to 238.5 million manats.
It should be noted that in 2010-2013 the total volume of housing construction in Azerbaijan was 8.6 million m2. --08B--
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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