On December 1, investment in local housing construction reduced - in January-November this segment was invested 914 million manats (minus 13% from the same period last year).
According to the State Statistics Committee, the figure is 6.3% of all capital investments in the economy. The total area of housing put into operation in the reporting period amounted to 1 million 634.1 thousand square meters (minus 9.5%).
Recall, last year there was put 1,978.3 thousand sq. m of housing area (minus 7.5% in 2013). --17D-
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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