Payments for Mobile Communication to Be Indicator in Assessment of Needs of Targeted Social Assistance
The costs of mobile services will become one of the criteria for assessing the needs for social aid, the Information and Computer Center (ICC) of the Ministry of Communications and High Technologies of Azerbaijan said.
The author of the new approach is the Ministry of Labor and Social Protection, and for its implementation it is necessary to improve the electronic subsystem of a single treatment and destination (VEMTAS). A thematic meeting between experts of ICC, the Ministry of Labor and the local mobile operators has been held.
This will allow the center to obtain information about the current and annual debt of Sim Card holders and to check the debts and costs on the Sim cards belonging to them in the same period. The innovation has also interested the local banking system, because, according to experts, it allows you to determine the level of creditworthiness of borrowers in the allocation of credits. --17D-
Economics
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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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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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