In the first half of 2016 investment in housing accounted for 278.6 million AZN (minus 45.8% compared to January-June of last year), the State Statistics Committee said.
Also decreased (minus 11.8%) the total area of property handed over in operation, amounting to 767.7 thousand sq. m, of which more than a third (213.2 thousand sq. m) was in June.
Recall, last year 1 million 927.2 thousand sq. m of housing was put into operation (minus 12.3% compared to 2014). --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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