The decree of President Ilham Aliyev on May 4 made changes in the structure of the State Committee for Property Affairs (GKVI – local abbreviation, as well as others in this text – Ed.). It created two new institutions in this department: Service for Real Estate Cadastre and Address Register (SKNIAR) and the State Agency for the Organization of Government Lands (GAOGUZ).
The document approves a new regulation on GKVI and divisions under it, including the State Register Service of Real Estate (SGRNI) and an auction center for the organization of auctions.
The limit on the number of employees at GKVI is set at 851 people, which is 125 more than the previous one. Sixty-five people will work in SKNIAR and 55 will work in GAOGUZ. The number of employees in the central office of GKVI has been reduced from 260 to 245, while the territorial offices will have 345 people instead of 315. The staff of SGRNI (80) has remained unchanged, and the auction center has cut 10 staff units (61 people).
The Cabinet of Ministers was commissioned to prepare proposals to improve the legislation on real estate valuation in two months.
The number of Vice-presidents of GKVI, according to the new position of this department, has remained at the same level. The GKVI Chairman Kerem Hasanov will have only two deputies. The GKVI Chairman is the Chief State Inspector of State Supervision over the Use and Protection of Lands. ---08D
Economics
-
In Baku, grappling with growing environmental challenges, experts and policymakers convened on Friday for an international scientific conference titled “Sustainable Environment: Transition to Green Energy.” The event highlighted the urgent need for innovative strategies to combat pollution and advance renewable energy initiatives.
-
Kazakhstan is set to increase its oil transit through the Baku-Tbilisi-Ceyhan (BTC) pipeline by 5.1% in 2024, reflecting growing regional cooperation and diversification in energy routes. According to figures obtained by Turan News Agency, the total volume of Kazakh oil transiting through the BTC pipeline is projected to exceed 1.464 million tons, up from 1.392 million tons in 2023.
-
In a groundbreaking development for Azerbaijan’s energy sector, GL Group, a prominent Azerbaijani oil company, has announced plans to drill the country’s first horizontal well on land, reaching a depth of 4,400 meters with a lateral section of approximately 400 meters. The project, a milestone in the region’s oil exploration history, is set to take place at the Kirsangi-Garabaghly onshore fields.
-
The Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate of 5.1% by the end of 2024, comfortably within the target range of 4% ± 2%. However, recent data indicate that inflationary pressure has significantly eased over the year: in October, the inflation rate stood at 3.4%, slightly down from 3.5% in September. Official data for November have not yet been released, leaving room for speculation about possible year-end adjustments.
Leave a review