State Committee on Statistics published price indices in the housing market in the first quarter of this year, according to which the observed dynamics of the price increase, as against the previous quarter (+1.6%) and the same period of 2012 (+2.5%).
An identical trend of rising prices SCS recorded in the secondary housing market. The prices for luxury apartments for the year has not changed, and for the fourth quarter of 2012 was recorded certain dynamic (+0.4%). In this segment of the market the most popular are flat and without repair of the same type, whose prices rose year on year by 3.1% and 3.4%.
In the primary market housing the price index in the first quarter, was down from the previous quarter by 0.7%, while year-on-year growth rate is 2%. Monitoring by SCS found that for the year prices rose mainly on luxury buildings (+2.8%) and well-designed (+5.3%). Prices for apartments on average rose at an annual rate of just 0.5%. - 08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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