Azerbaijan, Georgia expanding cooperation on registration of real estate

Azerbaijan's State Service for Property Issues (SSPI) and the National Agency for State Registration under the Ministry of Justice of Georgia signed a memorandum of understanding in the registration and cadastre of real estate.

The signing ceremony was held within the framework of the Azerbaijani-Georgian business forum in Tbilisi, dedicated to the 100th anniversary of national leader Heydar Aliyev, Report informs with reference to SSPI.

The document provides for the establishment of ties between the relevant bodies of the two countries in the field of registration and cadastre of real estate, expansion of cooperation in this area in the future, and exchange of experience in the field of legislation.

State Service on Property Issues is a state service under the Azerbaijani Ministry of Economy conducting state policy and regulation on the management of state property, its privatization, investment in this property, maintaining the state register of real estate, maintaining a unified state cadastre of real property, maintaining of an address register, maintaining the state land cadastre, land management, organization of state land management, overseeing land use and land protection, arranging land market.