Right to Property to Be Available on Documents Issued before Independence of Azerbaijan
President Ilham Aliyev issued a decree expanding the list of documents confirming the receipt of rights on acquisitions and real estate objects up to the entry into force of the Law of Azerbaijan On the State Register of Real Estate.
The list includes the Executive Committee of People's Deputies of the Council on the allocation of a land plot to housing construction and villa construction cooperatives for the construction of individual, multi-family houses.
The above list was approved on 13 January 2015. After this some of the individual buildings in the country received the documents on ownership, mainly in the Absheron peninsula. However, until now, hundreds of thousands of individual houses have no evidence on private property. Numerous studies of independent NGOs revealed that the problem with the state registration of these buildings is that many of them are built without the consent of local executive power, on the basis of the document on allotment or sale of land by the municipality. -----08D
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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