The Economic Policy Committee of the Milli Majlis proposed draft amendments to the legislation to simplify the process of real estate registration for the spring session of the Milli Majlis (MM).
They plan to make amendments to the law "On the State Register of Real Estate", "On privatization of housing stock" and the Civil Code of the Azerbaijan Republic. According to the authors, the changes involve the recognition of real estate documents issued since the adoption of the Law "On State Register of Real Estate" in 2004, before its entry into force in July 2006.
In addition, the changes are designed to solve the problems of citizens who were allocated property of public housing in the Soviet era, and who were issued orders without warrants, as well as members of collective dacha farms.
With regard to the Civil Code, they will try to link it to the paragraphs of the Code of Construction and Urban Development on the construction of houses up to 12 meters high. --17D-
Economics
-
Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
-
The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
-
At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
-
This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
Leave a review