Business

12 October 2006 [09:53]

496.19mn c.m of gas delivered to Azerigas in September

During August 496.19mn cubic meters of natural gas were delivered to Azerigas Company against the planned 525.48mn c.m by implementing the forecast by 94.4percent.
12 October 2006 [09:52]

Payment of electric bills reaches 53% in Masalli

The collection of electric bills stood at 53% in September in Masalli.
12 October 2006 [09:49]

Statoil-Azerbaijan's new president appointed

On Thursday SOCAR president Rovnag Abdullayev has received a delegation of Statoil Azerbaijan.
12 October 2006 [09:48]

Azercell signs new roaming agreements

Azerbaijani leading mobile operator Azercell Telecom Joint Venture has signed international roaming agreements with Mexican Pegaso (TEMM) and Algerian Wataniya mobile operators.
12 October 2006 [09:46]

Georgia owes Azerbaijan 13mn kilowatt/h energy

Georgia owes Azerbaijan 13mn kilowatts/h of electric energy.
12 October 2006 [09:44]

Taxes Ministry finds irregularities in 28 424 trade facilities

Taxes Ministry Operational Control Department have to date examined 21 652 various kinds of trade facilities and found serious irregularities in 28 424 of them.
12 October 2006 [09:43]

Transport Ministry delegation to visit South Korea

Delegation, led by Azerbaijani Transport Minister Ziya Mammadov, will pay visit to South Korea in late October and early November.
12 October 2006 [09:41]

Electric bills reaches 84.3% in Ganja during January-September

During past nine month collection of the electric bills in Ganja increased by 32.2% as against the same period last year.
12 October 2006 [09:41]

SOCAR ready to cooperate with Romanian oil&gas companies

SOCAR president Rovnag Abdullayev has received a delegation headed by Romanian-Azerbaijani commerce and industry chamber president George Dragomir.
12 October 2006 [09:39]

Baku to host gathering of Azerbaijan-Italian commission

It is planed to hold the meeting of Azerbaijan-Italian intergovernmental commission in Baku October 20.
12 October 2006 [00:12]

Oil hits 2006 low as OPEC haggles over deal

Oil fell to fresh 2006 lows below $58 on Wednesday as OPEC haggled over details of an output cut and the West's energy watchdog cut its demand growth forecasts.
12 October 2006 [00:08]

USACC successfully completes U.S. trade mission to Azerbaijan

The United States-Azerbaijan Chamber of Commerce (USACC) hosted U.S. Trade Mission to the Republic of Azerbaijan for leading U.S. firms specializing in Information and Communications Technologies (ICT) on October 1-4, 2006.
11 October 2006 [22:53]

Trades at BICEX

The weighted average exchange prices made up 0,8734 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 11.
11 October 2006 [22:50]

Eurasia completes development plan field work in Azerbaijan

Eurasia Energy Limited ("Eurasia") announces that it has completed all field work necessary to conclude the development plan for Eurasia's 600 square kilometer offshore oil and gas block (the "Block") in the Republic of Azerbaijan.
11 October 2006 [22:47]

Iran participating in International Building Fair in Baku

About 100 companies from 20 countries including Azerbaijan, Russia, Iran, Turkey, Germany, France, Ukraine, Belarus, Kazakhstan, Poland, Finland and South Korea have participated in the exhibition to showcase their machinery and construction materials in the field of building construction.
11 October 2006 [22:46]

Romanian president talks up oil for Europe in Azerbaijan

Hydrocarbons produced in the Caspian Sea could be shipped to European markets through Romania, the country's president Traian Basescu said Wednesday during a two-day visit to oil-rich Azerbaijan.
11 October 2006 [15:47]

Baku hosts BakuBuild 2006 and BakuMebel 2006 and Real Estate exhibitions

12th Azerbaijan International Construction Exhibition (BakuBuild 2006) and 4th International Furniture and Woodworking, Interiors and Design Exhibition (BakuMebel 2006) and 1st Real Estate Exhibition started on Wednesday.
11 October 2006 [15:41]

CITES keeps ban on Caspian caviar and sturgeon export from Azerbaijan

CITES (Convention on International Trade in Endangered Species of Wild Flora and Fauna) kept in force the ban on fishing and export of black caviar and Caspian sturgeon from Azerbaijan in the meeting of the standing secretariat.
11 October 2006 [14:46]

Issuing permit for new construction suspended in Baku

"16-storeyed buildings were built in Baku on the basis of permits for 12-storeyed ones. These facts are under investigation," chairman of State Agency for Construction Safety Jabrail Khanlarov said.
11 October 2006 [13:22]

Azeri-Ukraine business forum to be held in December

The Azerbaijan-Ukraine business forum will be held during the Ukrainian businessmen's visit to Azerbaijan in December.
11 October 2006 [13:06]

Anglo Asian Mining announces Operational Update

Anglo Asian Mining PLC (AIM: AAZ), the gold and copper development company with projects in Azerbaijan, today issues the following operational update:
11 October 2006 [10:16]

Trial on ANS's lawsuit against Taxes Ministry

A trial on the lawsuit the ANS Group of Company's ANS Commerce brought against Taxes Ministry took place on Tuesday.
11 October 2006 [10:14]

Taxes Ministry finds irregularities in 28 195 trade facilities

Taxes Ministry Operational Control Department have to date examined 120 684 various kinds of trade facilities and found serious irregularities in 28 195 of them.
11 October 2006 [10:07]

Det.Al Ltd to build aluminium plant in Ganja

Det.Al Limited Co. will construct a new aluminium plant in Ganja. The annual production capacity of the high-tech plant will be 100 000 tonnes.
11 October 2006 [10:04]

UniBank increases 'Accumulation' deposit rate of interest

UniBank CB has increased the rate of interest carried by the USD 'Accumulation' deposits to 12%+1%, while the 'Accumulation' deposits made in AZN shall carry the unchanged rate of interest of 10.6%+1%.
11 October 2006 [10:03]

Collection of electric bills improved in Lenkeran

Lenkeran Electricity Supply Department collected AZN 117000 from the customers in September. This indicator was AZN 105000 in August.
11 October 2006 [10:00]

5 500 tonnes of fuel saved in thermal power plants in Sept

Fuel consumption for electricity generation was 371.51 gram/kilowatt/h against 375.33 in the thermal power plants in Azerbaijan during September.
11 October 2006 [09:56]

NBA's official currency reserve hits USD 1,524bn

Official currency reserve of the National Bank of Azerbaijan reached $1,5 bn.
11 October 2006 [09:54]

Bank Standard's summary for September

A press conference on the summary of September was held in Standard Bank CJSB.
11 October 2006 [09:27]

Azerbaijan spends $300mn on BTC

High oil prices have direct influence on the rise of the revenues of the State Oil Fund.
11 October 2006 [09:23]

Shahmar Movsumov: "State Budget of Azerbaijan to be $7bn next year"

Caspian Integration Business Club members met with Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ).
11 October 2006 [09:19]

Bank of Baku starts bonus campaign for money transfer

Bank of Baku has today started campaign which gives special bonuses to the customers.
11 October 2006 [09:16]

Baku hosts BINSA annual meeting

Annual meeting of the Black Sea International Ship-owners Association (BINSA) was held in Baku.
11 October 2006 [09:11]

SSC registers issue prospectus of book-entry bonds of Azerigazbank

The State Committee for Securities registered the issue prospectus of ordinary book-entry bonds of Azerigazbank OJSC.
11 October 2006 [08:53]

Egg price to fall

The price of eggs is expected to fall as from the second half of October, National Poultry Society chief Aydin Valiyev told.
10 October 2006 [20:02]

Trades at BICEX

The weighted average exchange prices made up 0,8734 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 10.
10 October 2006 [19:43]

Baku Build 2006 and Baku Mebel 2006 exhibitions start

12th Azerbaijan International Construction Exhibition (BakuBuild 2006) and 4th International Furniture and Woodworking, Interiors and Design Exhibition (BakuMebel 2006) will start tomorrow.
10 October 2006 [09:40]

First car produced at Ganja Automobile Plant

The first Chinese automobile has been made at Ganja Automobile Plant on Monday.
10 October 2006 [09:39]

SOCAR has 6 182 production wells

As of October 1, the State Oil Company of Azerbaijan (SOCAR) (excluding Operating Companies and Joint Ventures) has 6 182 production wells.
10 October 2006 [09:38]

Nakhchivan Module Power Station to be completed

Construction of Nakhchivan Module Power Plant continued to progress on the schedule.
10 October 2006 [09:37]

State Agency for Management of Public Property announces recruitment

State Agency for Management of Public Property has begun receiving applications for job vacancies.
10 October 2006 [09:36]

BINSA to hold annual meeting

Black Sea International Ship-owners Association (BINSA) will hold an annual meeting in Baku on October 10.
10 October 2006 [09:35]

Auction on placement of T-bills to be held at BSE

An auction on placement of T-bills with the state registration number 10203013S will be held at Baku Stock Exchange on October 10.
10 October 2006 [09:33]

SOCAR announces tender on Azeri LT

10 October 2006 [09:29]

French court to review Azerbaijan's complaint

French Court will review Azerbaijan's complaint on removal of the seizure of the Azerbaijan's shares on October 13.
10 October 2006 [09:27]

Azercell announces tender on medical insurance

Azercell Telecom announced a tender on the medical insurance for its employees and families of them.
10 October 2006 [09:24]

Samir Sharifov: "Oil price can rise"

Oil price is expected to increase at the world markets, Azerbaijani Finance Minister Samir Sharifov said.
09 October 2006 [22:54]

President Aliyev meets founder and CEO of Noble Group

President Ilham Aliyev of Azerbaijan on October 9 received at President Palace founder and CEO of Noble Group Richard Elman.
09 October 2006 [22:49]

Trades at BICEX

The weighted average exchange prices made up 0.8739 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 9.
09 October 2006 [21:53]

150 Azerbaijani workers dismissed in McDermott

McDermott began to dismiss the number of the Azerbaijani workers because of the end of projects.
09 October 2006 [15:58]

Some 50 Polish companies to join national exhibition in Baku

Press conference has been held in the Polish Embassy in Azerbaijan on occasion of the Polish national exhibition to take place in Baku November 8-10.
09 October 2006 [15:50]

Baku-Tbilisi-Erzurum gas pipeline's construction nearing end

State Oil Company of Azerbaijan (SOCAR) said construction of the Baku-Tbilisi-Erzurum gas pipeline is nearing its end.
09 October 2006 [15:47]

WB signs agreement on Health Sector Reform Project

Azerbaijani Finance Minister Samir Sharifov said that the World Bank provided US$50mn-credit to Azerbaijan on favorable conditions.
09 October 2006 [10:11]

Russia to set up oil exchange, Azerbaijan agrees

The Russian government has developed guidelines to establish a crude oil and oil product exchange in Russia, President Vladimir Putin said on Saturday.
08 October 2006 [22:39]

Iran woos Central Asians as oil export route

Iran made a pitch to become a strategic export route for Central Asia's oil, even as Tehran faces mounting pressure from the West to abandon its nuclear ambitions.
08 October 2006 [02:48]

International construction and real estate exhibition to be held in Baku

ITECA Caspian LTD, the exclusive partner of ITE Group Plc - the leading organizer of the international trade exhibitions and conferences in the South Caucasus will open 12th Azerbaijan International Construction Exhibition "BakuBuild 2006" and 1st International Real Estate Exhibition "AzRealty-2006", October 11- 14 in Heydar Aliyev Sport and Exhibition Complex.
07 October 2006 [17:43]

Azercell mounts 38 stations in September

Azerbaijan's mobile operator Azercell Telecom has mounted 38 stations in September in the capital of Baku and provinces.
07 October 2006 [17:38]

Trades at BICEX

The weighted average exchange prices made up 0,8739 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 6.
07 October 2006 [14:36]

Minimum salary to be raised from Jan. 1

The level of the minimum salary will be raised from January 1, 2007.
07 October 2006 [10:20]

International Finance Corporation extends credit line to UniBank CB

UniBank CB has joined the GTFP (Global Trade Finance Programme) of the International Finance Corporation, in the format of which the Bank is awarded with a termless revolver credit line for trade finance in the total amount of $1.5 mn.
07 October 2006 [10:15]

Deals at BICEX

The weighted average exchange price made up 0.8739 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange yesterday.
07 October 2006 [09:58]

3.103mn tonnes of oil delivered to world market from Ceyhan Port since BTC started

1 146 404 tonnes of Azerbaijani oil was transported through Baku-Tbilisi-Ceyhan (BTC) in September.
07 October 2006 [09:47]

Tahir Aliyev: "Sometimes BakGas's employees allow gas robbery themselves"

As of October 1, BakGas has provided 320 000 customers with gas meters, Baku Main Gas Department chief Tahir Aliyev told a press conference.
07 October 2006 [09:35]

RAO EES to open its office in Azerbaijan

RAO EES will open its representative office in Azerbaijan in near future.
07 October 2006 [09:32]

New IEB standards for veterinary services

International Epizootic Bureau has started workshop in Baku on dialogue and joint activities among the EU member-states and Regional Commission for Europe member-states.
06 October 2006 [19:28]

Azeri-Romanian intergovernmental commission to meet in Baku

The second meeting of Azerbaijan-Rumanian intergovernmental joint commission will be held in Baku on Saturday.
06 October 2006 [19:06]

Russian minister says Georgia can't veto Russia's accession to WTO

Russian Economic Development and Trade Minister German Gref said Friday that neither Georgia nor any other country had the right to veto Russia's accession to the World Trade Organization (WTO).
06 October 2006 [16:17]

Russian and Azerbaijan Economic Development Ministers sign a protocol on cooperation between the two ministries

Economic Development and Trade Minister Heydar Babaev and his Russian counterpart German Gref and has signed a protocol on cooperation between the two ministries.
06 October 2006 [15:35]

Vahid Alakbarov: "LUKoil plans to increase filling stations to 30 in Azerbaijan"

Russia's LUKoil Oil Company President Vahid Alakbarov gave a press conference in Azerbaijan.
06 October 2006 [14:01]

President Aliyev: "Azerbaijan hopes to secure long-term business ties with Russia"

Azerbaijan hopes for long-term business cooperation with Russia, Azeri President Ilham Aliyev told a meeting with Russian Economic Development and Trade Minister German Gref in Baku on Friday.
06 October 2006 [13:56]

Over 1 000 villa-like detached houses owe Baku Main Gas Department

1 000 of 3 000 villa-like detached houses in Baku owe Baku Main Gas Department, Chairman of the department, Tahir Aliyev said.
06 October 2006 [13:53]

Azerbaijan for Russian companies developing its oil deposits

Azerbaijan is in favour of Russian companies participating in the development of oil deposits in its territory, said Elmar Mammadyarov, the Azerbaijani foreign minister.
06 October 2006 [13:39]

Azerbaijan consulate in Kars appeals for opening Baku-Kars-Istanbul flight

Azerbaijan consulate in Kars appealed to relevant bodies of the two countries for opening Baku-Kars-Istanbul flight.