A branch of Azer Turk Bank JSC opened in the city of Ganja at 35 M. Abbaszadeh Street. According to the current information, the branch is equipped with modern facilities. It works on weekdays from 09:30 to 17:00. Individuals and legal entities can take advantage of a full range of banking services: to get loans, put deposits, make transfers, order payment cards and use many other banking products and services. This year the bank has opened five service points; the opening ceremonies of the Yasamal branch and Branch №1 located in the service ASAN №5 took place earlier. In addition, the branches Merkez and Baku changed their addresses. More information on service points and banking services is available through the official website of the bank www.azerturkbank.az. You can call (012) 945 or through the official pages on social networks. JSC Azer Turk Bank was created in 1995. Three-quarters (75%) of its shares are owned by the state represented by the State Property Committee. --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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