At a special account of the body of state registration of rights to real estate in the first nine months of this year there were 1,028,645 manats. It was used in the form of premium and contribution to the State Social Protection Fund of 90 % of these funds .
According to the report of the State Committee on Property , the account balance as of 1st October is 102.8 thousand manats.
In November 2011, the President issued a decree according to which 30 % of the money paid on the submission of documents for the state registration of rights to real estate and other merchandise rights are transferred to a special account Registration Authority ( State of registration of immovable property under SPC). This money is used to strengthen the social protection of workers and improve the material base.
Note that the structure of the Service consists of 20 regional offices , which operate under the self-financing. In July 2009, the Tariff Council approved the fee for the services of the Service . Rates are differential and depend on the size of the apartment , land and other real estate. Getting the documents proving the right to property (including technical documentation) costs at least 90 manats. - 08B-
Economics
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The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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