The Cabinet of Ministers on March 29 amended the rules on the use of official vehicles on the balance departments, enterprises and organizations, financed from the state budget. Based on innovation, public entities will acquire new official cars. Most of all they will be given to the executive power of Baku.
According to government's decision No 54, the Executive Power Administration of Baku will have 13 service vehicles. Previously these cars were intended only for the head of the EP and 4 of his deputies. Moreover, cars will be acquired also by heads of state bodies, directly under the EP Administration of Baku. How many of these structures operate under the EP is unknown. The site of this organization has no information about these structures.
In addition, according to the same resolution of the Cabinet of Ministers, one additional car each will be given to the central offices of the State Committee for Refugees and IDPs and for Religious Entities that will have at its disposal, respectively, 8 and 13 passenger cars.
The central executive authorities and the courts (except for district and municipal courts) in Azerbaijan have 1175 official cars, including 348 at their administrations. - 08D-
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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