Getting funding the project "Optics in every home" in the long-term development of ICT in Azerbaijan provided for in the fourth quarter of this year.
As journalists were told by the executive director of the State Oil Fund (SOFAR) Shakhmar Movsumov, this year there will be allocated 103.6 million manat (from the general $ 500 million) to fund this program, designed for 3 years.
According to him, the project is not designed to end that delayed the start of implementation. Following the principle of reform and the package of reforms funding becomes available. The project promises to be a highly profitable due to reinvestment from the second year of funding. As a result of the project throughout the country, including rural and remote communities, have access to high-speed Internet within 10-100 Mbit / s.
The share of this segment of the users of ICT services can go up to 85%, which would allow the country by 2017 to reach the level of developed countries. - 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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