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
-
The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
-
Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
-
In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
Leave a review