The CJSC "Azerbaijan Airlines" (AzAL) has suspended flights Baku-Beijing- Baku. According to the website of the company (http://www.azal.az/ru/news-view/83), the opening of direct flight Baku-Beijing was scheduled for today, May 10, 2013.
"Due to the additional new requirements to all airlines, beginning flights to Beijing, the flight by AzAl Baku-Beijing-Baku was suspended. Until the last moment we were trying to settle the matter with the relevant structures of the PRC, but the demands and a very short time, made the flight impossible," reads the information.
The company intends to open the specified flight shortly after the settlement of formal procedures. Passengers who have purchased tickets to Beijing from AzAl, will be given the opportunity to make a full refund of the ticket without deduction of any penalties or replace air ticket to Beijing and back again without additional charges. - 17D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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