The Cabinet of Ministers has decided to transfer the Gakh station of pedigree sericulture to the State Seed Fund (SSF).
In April 2016, this station, among 8 enterprises of the Ministry of Agriculture, was transferred to the State Property Committee for privatization. In September, the decision to privatize this station was revised. Now it is again subordinated to one of the structures of the Ministry of Agriculture. The decision of the Cabinet of Ministers was taken at the initiative of this department, but what this initiative is called for is not reported in the document.
At present, 32 state enterprises are in charge of the Ministry of Agriculture and its structures (OJSC Agroleasing, Research Institute of Veterinary Medicine, Research Institute of Viticulture and Winemaking, Research Institute of Animal Husbandry, and SSF). ----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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