As part of the development of the loan from the World Bank for the project " Modernization of the financial sector of Azerbaijan " will be implemented rebranding of LLC Azerpoct.
According to the report of the national postal operator, the winner of the tender was the company Guydyon from the Netherlands. 10 December, it signed a contract to perform work on updating the image of Azerpoct.
The total cost of the project "Modernization of the financial sector of Azerbaijan " is $ 4 million. The project is designed to June 30, 2016 .
Azerbaijan's first post office opened in 1818 in the city of Ganja. Production Association Azerpoct was founded September 29, 1999 . In April 2010, the Central Bank of Azerbaijan gave it a limited license (without the right to credit) for the provision of banking and financial services.
Today it unites 74 branches, 144 postal agencies and 1,513 post offices. - 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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