Baku/13.02.14/Turan : In 2013, the inspectors of the State Committee on Land and Cartography found 422 violations of land legislation related to changes in land use purpose , the acquisition of territory , etc. In the previous year the number of detected offenses reached 440.
The press service of the SCLC told Turan that 150 cases were drawn up , which is two times less than in 2012 . The total amount of fines was 15 372.5 manat, which is 30% less than the year before.
Land laws are infringed mainly by individuals.
Azerbaijan has widespread development areas without authorization of state structures. According to unofficial data , about half a million individual houses have been built on the land, on which the citizens do not have property rights. - 08D -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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