XƏBƏRLƏR VƏ ELANLAR

A new draft law "On the management and privatization of state property" has been prepared

Within the framework of the privatization of 47 enterprises and objects, 21 enterprises and objects have already been privatized, and measures are being continued to privatize the remaining enterprises and objects and attract investors. Minister of Economy Samad Bashirli said this during the discussion of the bill "On the 2025 state budget of the Republic of Azerbaijan" at today's meeting of the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis. The deputy minister noted that a new draft law "On the management and privatization of state property" was prepared and submitted to the relevant state institutions for approval.   

"Fitch" approved the credit rating of the Mortgage Fund

"Fitch" international rating agency once again confirmed the long-term credit rating of the Mortgage and Credit Guarantee Fund in foreign and local currency at the level of "BBB-", equal to the country's rating, and the rating forecast is "Stable". "This rating is related to the fact that there are strong relations between the Fund and the state, providing the population with housing under favorable conditions, and it is of strategic importance in the development of the business environment by facilitating the financing of small and medium-sized businesses," the information said. "Fitch" has been evaluating the Fund's activity since 2009 and announcing its independent credit rating. 

State registration of real estate in Azerbaijan decreased by 25%

In January-October of this year, 306,456 real estate ownership rights were registered in Azerbaijan.  reports with reference to the State Service for Real Estate Affairs under the Ministry of Economy that this is 24.55% less than the same period last year. Of the 10-month indicator, 51,502 (16.8%) were initial registrations, and 254,954 (83.2%) were re-registrations. 51,582 of the properties whose ownership rights were registered are private residences and summer houses, 70,691 are apartments, 173,315 are land plots, 2,855 are non-residential buildings, 7,277 are non-residential plots, and 688 are properties. complex, and 48 are multi-storey residential buildings. 81,250 of the state-registered real estates fell to Baku, and the rest to the regions. During the reporting period, a technical inventory of 231,384 immovable properties was carried out and a technical passport was drawn up. This is 28.85% less than the same period last year. The number of mortgage contracts registered in the last 1 year decreased by 7.6% to 62,671.  

Anar Guliyev: "Green" construction road map is being prepared"

We are cooperating with the Azerbaijan International Finance Corporation in the direction of preparing the Green Construction Roadmap. Chairman of the State Urban Planning and Architecture Committee Anar Guliyev said this during his speech at the meeting of ministers on "Green construction, energy efficiency in buildings and climate sustainability in cities" within COP29. This roadmap represents a critical step in integrating sustainability into our urban development processes:   "The roadmap will identify practical, actionable strategies for the adoption of green building standards, energy-efficient building practices, and the use of environmentally responsible building materials. Additionally, the roadmap will help both public and private sector stakeholders align Azerbaijan's urban construction efforts with global sustainability goals. will give instructions to reconcile," A. Guliyev added.