Today in Baku Expo Center will open the 2nd International Exhibition ‘Real Estate and Investments’ RecExpo.
The exhibition will be attended by about 80 companies from 10 countries, the press service of the State Committee for Property Affairs (SCPA) said.
In the second day of the exhibition, a conference on ‘Property, Privatization and Investment’ will be held.
The purpose of these actions is the revival of the real estate market in Azerbaijan, and increase in the investment in this sector.
The exhibition is organized by SCPA, with the participation of the Turkish exhibition companies ElanExpo and Atilim Fuarcilik. ---08B
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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