The maximum level for the sum awarded at the Azerbaijan Mortgage Fund social mortgages increased from 35,000 manat to 50,000 manat.
The corresponding decree to amend the "Rules of granting preferential mortgage loans", signed by the president of the country on Monday.
According to another innovation of access to social mortgage available for servicemen of the Azerbaijan Republic in the service for over three years (with the exception of regular military active duty), and released to the reserve and retired.
Social mortgage is funded by the state budget. For these purposes in 2013 will be directed AZN 40 million. Concession loans are for 30 years at a rate of 4% per annum. - 15B -
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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