Azerbaijani-Lithuanian business forum will be held on April 9 in Baku Business Center. For the meeting with Azerbaijani businessmen will arrive in Azerbaijan, representatives of several private companies, as well as the Klaipeda Free Economic Zone.
The Fund Export and Investment Promotion told Turan, that the Lithuanian side of the forum will be attended by representatives of companies operating in the fields of construction, finance, ICT, renewable energy, environmental protection, education, water treatment, transport, sale of spare parts, etc.
Business meetings of business circles of Azerbaijan and Lithuania held since 2008. The last time such a forum was held in Vilnius in the framework of the official visit of President Ilham Aliyev. Azerbaijani media claims that local oligarchs have business interests in Lithuania.
The State Customs Committee of Azerbaijan, in 2012, trade between the two countries amounted to $ 24 million, up 4% on the previous year. Azerbaijani exports to Lithuania decreased 47% to $ 2.7 million from Lithuania was supplied goods worth $ 21.3 million, which is 6.5% more than in 2011. - 08B-
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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