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Baku/15.12.22/Turan: Representatives of the state structures of Azerbaijan and Georgia in charge of customs operations met on December 14 at the trade facilitation center of the State Customs Committee of Azerbaijan in Gazakh region to discuss issues arising from the establishment of a joint border checkpoint "Ipek Yolu – Abreshumis Qza".
The sides exchanged views on legal, financial and technical issues due to the establishment of a joint customs and border checkpoint in accordance with an agreement between the governments of the two countries signed in Baku on September 29, 2021.
At the meeting, the expert of the Asian Development Bank Radomir Jurik voiced proposals for the creation of a joint CCI between Azerbaijan and Georgia and made a presentation, the press service of the State Customs Committee of Azerbaijan reports.
Note that the delegations were headed by Deputy Chairman of the State Customs Committee Javad Gasimov and Deputy Head of the Revenue Service of Georgia Vladimir Khundadze. -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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