The Nakhchivan Autonomous Republic (NAR AP) there was commissioned a local base of agricultural leasing services. The organization began to act as a base of Nakhchivan Agrolizing in Shahbuz.
According to the Chairman of the Supreme Majlis of Nakhchivan Autonomous Republic Vasif Talybov, in Shahbuz region at the disposal of 4,600 land owners has 4,900 hectares of land, 3,400 hectares of which are suitable for planting. The area set up proper conditions for the development of agriculture, ensured effective use of land. In the order of the owners entered office complex, a repair shop, warehouses for fertilizers and seeds, issued 12 pieces of equipment for various purposes.
"Created conditions will provide timely maintenance of equipment, available on the basis of the district, as well as sold to farmers on lease area of ??20 machines and mechanisms, to carry out sowing-to-date agronomic requirements, to ensure the harvest twice a year. This will create in the region of conditions for economic development and prosperity of the food," said the head of the exclave. - 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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