Business
23 January 2007 [00:03]
A delegation of Kuwait Audit Bureau will visit Azerbaijan in the nearest future.
22 January 2007 [23:47]
The AIG Caspian International Company has released its annual report.
22 January 2007 [23:46]
State Oil Company of Azerbaijan (SOCAR) intends to construct a new oil refinery near Kulevi Terminal (Georgia).
22 January 2007 [23:43]
National Confederation of the Entrepreneurs (Employers') Organizations of Azerbaijan Republic (AEC) has been chosen as local partner on the "Managers' Training Programme IV" (MTP 4) funded by the EU.
22 January 2007 [23:41]
The Azerbaijan State Agency for Standardization, Metrology and Patents has converted former Azeryetintisenaye Institute (Azerbaijan Foodstuffs Industry) to the Institute of Standardization.
22 January 2007 [23:40]
Azeristiliktejhizat (Azerbaijan Heating Supply) Company has started to use mobile module heating boilers ad tested to supply heating to School 234 in Buzovna.
22 January 2007 [23:39]
Chairman of the Management Board of the National Bank of Azerbaijan, Elman Rustamov, has received Aygen Yayikoglu, Head of the EBRD Baku office.
22 January 2007 [23:39]
Experts of the World Intellectual Property Organization will pay a visit to Azerbaijan.
22 January 2007 [23:38]
Bakielectricshebeke Company (Baku Electricity Network) has started night raids so as to prevent waste of electricity.
22 January 2007 [22:02]
A second well is likely to be commissioned at Azerbaijan's largest natural gas and condensate field in late January, a spokesman for country's energy ministry said Monday.
22 January 2007 [19:29]
The Switzerland's State Secretariat for Economic Affairs (SECO) is going to take part in World Bank Corporative & Public Sector Accountability Project (CAPSAP), Baku-based SECO office said.
22 January 2007 [19:27]
In 2006, Great Britain remained the leading foreign investor in the economy of Azerbaijan.
22 January 2007 [19:20]
President Ilham Aliyev convenes meeting of government on Monday.
22 January 2007 [13:12]
Azerbaijan will probe foreign medicine-producing companies of which it will import products.
21 January 2007 [03:24]
Kazakhstan outlined tougher laws for investors in its growing oil sector on Thursday and forecast that 2007 oil output would stay at last year's 1.35 million barrels per day level while new capacity is developed.
21 January 2007 [02:28]
The State Agency for Standardization, Metrology and Patents are studying to apply new standards to all spheres of the economy.
21 January 2007 [02:26]
"Although the EU called Baku-Tbilisi-Kars railroad a political project, many European States show great interest in this project," said TRACECA Azerbaijan National Secretariat Chief Akif Mustafayev.
20 January 2007 [14:20]
Azercell Telecom has suspended Pay Cell service due to improvement repair.
20 January 2007 [14:18]
"It is not forecasted to what level the oil prices are going to plunge," the Executive Director of the State Oil Fund, Shahmar Movsumov said.
20 January 2007 [14:17]
"Government and the National Bank don't plan to reconsider the forecasts for inflation rate in 2007," Chairman of the Management Board of the Bank Elman Rustamov said.
20 January 2007 [14:15]
A decree will be issued soon to mitigate terms of mortgage lending.
20 January 2007 [14:03]
Azerbaijan is continuing talks with Iran on gas import and doing market research, said SOCAR's President Rovnag Abdullayev.
20 January 2007 [14:01]
"Municipal and Executive Authorities give illegal permission for selling of public lands and lands under neighboring municipal offices," said Garib Mammadov, Chairman of State Land and Cartography Committee.
20 January 2007 [13:59]
As of January 1, the assets of Khalg Bank doubled 4.3 times to AZN 75,146,400.
20 January 2007 [13:59]
NYMEX February crude fell $0.36, or 0.7 percent, to settle at $50.12 a barrel on Jan. 19. Brent crude oil for March settlement rose 1.03 dollars to $51.75 a barrel on the ICE Futures exchange in London.
20 January 2007 [13:58]
Azerbaijan's UniBank increased plastic card issue 83% in 2006.
20 January 2007 [13:57]
"We take into account the financial situation of newspapers, but the situation of publishing houses should also be considered. As we are commercial organization, we live on our earnings," the director of 'Azerbaijan' publishing house Agabey Asgarov when expressing his attitude to the discussions on hike of prices for publishing and rental.
20 January 2007 [13:48]
The Heydar Aliyev Oil Refinery completed crude oil processing on December 14, ahead of the schedule.
20 January 2007 [13:47]
Government has passed the 2007-2010 Development Program for Baku Metro.
20 January 2007 [13:45]
As of January 1, the aggregate capital of Azerbaijan's Gunay Bank constituted AZN 8,240,890, up 36.12% from last year.
20 January 2007 [13:45]
During 2006 AtaSighorta Insurance Company collected insurance fees AZN 3,076,581, up 71.5% from last year.
20 January 2007 [13:41]
Baku Metro is going to purchase 25 transit vehicles this year.
20 January 2007 [13:04]
On Friday at about 17.00, nearly 100 'Karasu' Operation company held protest action outside of head office of the company situated in Ali Bayramli.
19 January 2007 [22:59]
The weighted average exchange prices made up 0,8712 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 19.
19 January 2007 [22:53]
Asia Telecom Ltd. announced Q4-2006 results for its operating subsidiary in Azerbaijan.
19 January 2007 [00:50]
The Tariff Council, State Price Regulator, has not received any proposals from government agencies since the prices of utilities and fuel were increased two weeks ago.
19 January 2007 [00:49]
Government of Azerbaijan and the International Monetary Fund will have discussion on the hike in energy prices and its influence on the economy.
19 January 2007 [00:48]
In 2006 the share of agrarian sector fell to 7% in the gross domestic product of Azerbaijan, compared to 11% previous year.
19 January 2007 [00:47]
Azerbaijan allocated subsidies worth US $ 1.5bn to energy system of the country during the past five years.
19 January 2007 [00:34]
Azerbaijan's Gunay Bank intends to join Western Union International Money Transfer System.
19 January 2007 [00:34]
As of December 31, the leasing portfolio of Azerbaijan's AtaLeasing Company amounted to US $1,484,505 in 2006.
19 January 2007 [00:32]
GDP grew by 34.5%, year on year, in 2006, to AZN 17.7 billion.
19 January 2007 [00:31]
Azercell Telecom Joint Venture has concluded a GPRS/MMS roaming agreement with Spain's Telefonica.
19 January 2007 [00:29]
During 2006 Azerbaijani population's total nominal incomes rose 23.4%, or AZN 1.9bn year-over-year.
19 January 2007 [00:27]
Azerbaijan's Azal Insurance Company increased its authorized capital by 33.3%, year-over-year, to AZN 800,000.
19 January 2007 [00:25]
Electricity supply has been cut off in some residential areas in Balaken from January 16.
19 January 2007 [00:04]
Crude oil is going to recover on the market.
19 January 2007 [00:03]
The Dow Jones industrial average slipped 5.44 points, or 0.04 percent, to end at 12,577.15, the Standard & Poor's 500 Index dipped 1.28 points, or 0.09 percent, to close at 1,430.62, the Nasdaq Composite Index fell 18.36 points, or 0.74 percent, to finish at 2,479.42.
18 January 2007 [23:52]
In April gold-producing plant will be opened in Gadabey, Azerbaijan.
18 January 2007 [23:45]
Annual economic forum will be held on January 24-28 in the city Davos in Switzerland and Azerbaijani President Ilham Aliyev will participate in the World Economic Forum. The main theme of discussions will be "the shifting power of equation."
18 January 2007 [22:47]
The weighted average exchange prices made up 0.8713 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 18.
18 January 2007 [21:52]
The International Monetary Fund said the recent hike in utilities and energy on domestic market has caused the rice in consumer price inflation in the country.
18 January 2007 [21:49]
In a sign of a more concrete relations between Azerbaijan and Indonesia, ministries and companies from both countries have explored possible cooperation in education, transportation and energy.
18 January 2007 [17:31]
Early December, 2006 the President of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev, and the Chairman of the Management Board of Turkey's Turcas, Erdal Aksoy, signed an agreement on establishment of SOCAR & Turcas Energy Joint Venture to ensure investment-making in oil processing in Ceyhan Port, gas import and wholesale selling of gas and Turcas' participation in the exploration activities on the Caspian.
18 January 2007 [16:11]
The rise of basic pension and minimum salary was discussed in the conference held on the rise of energy deliveries in the Cabinet.
18 January 2007 [16:04]
Construction of Baku ring road project has commenced. The preliminary cost of the 21.5km road is estimated at US$49.5m.
18 January 2007 [01:55]
A consortium led by Western oil giant BP PLC will help Azerbaijan do without Russian natural gas by providing the former Soviet republic with about 3 billion cubic meters of gas this year, the head of the nation's state petroleum company said Wednesday.
18 January 2007 [01:38]
From the second quarter of this year project on establishment of tax terminals in Azerbaijan will start.
18 January 2007 [01:38]
Georgia continues to discuss details with Turkey on redistribution of Turkey's quota in Shah Deniz project.
18 January 2007 [01:36]
Hyundai Auto Azerbaijan intends to open services and salons in regions of Guba, Ganja and Lenkeran.
18 January 2007 [01:35]
Government of Azerbaijan has begun to discuss proposals submitted by the government agencies so as to find a solution to the plight resulting from the sharp increase of prices.
18 January 2007 [01:33]
Ukraine Premier who paid official visit to Turkey stated that his country wants to join the construction of Nabucco project.
18 January 2007 [01:27]
"Hike of charges for energy supplies will not influence the prices of communication services," Communication and Information Technologies Minister Ali Abbasov told the journalists.
18 January 2007 [01:24]
New buses are planned to be brought to Ganja beginning from 2008.
18 January 2007 [01:23]
"Azerbaijan Publishing House hesitates in increasing printing prices. Therefore the rise of prices may delay," said Besti Ismayilova, Deputy Director of Azerbaijan Publishing House.
18 January 2007 [01:18]
Azerbaijan's Bank of Baku increased by 34% or AZN18.39 to AZN 72.99m, as of early January 2007.
18 January 2007 [01:14]
Oil slumped $1.78 to $51.21 a barrel on the New York Mercantile Exchange, the lowest it's traded since May 2005. Brent futures
shed 86 cents to $52.26.
18 January 2007 [01:12]
Armenian Diasporas spread the information on the negotiations on granting market-economy status to Armenia.
18 January 2007 [00:53]
Industrial production grew by 36.6%, year-over-year, to AZN 14.4bn in Azerbaijan during 2006.
18 January 2007 [00:52]
As of early January, 2007 Georgia's foreign debt and government loan liabilities totaled to $1.697484 billion, including $498.044 million owed to 15 creditor nations.
18 January 2007 [00:51]
Azerbaijan's Bank Respublika has increased interest rates on euro transactions to 12%.
17 January 2007 [22:59]
A delegation led by Ismat Abbasov, Azerbaijan's Minister for Agriculture, has left for the Federal Republic of Germany to take part in the international Green Week exhibition on food, agriculture and gardening industry to be held in Berlin on January 18-28.
17 January 2007 [22:58]
The weighted average exchange prices made up 0,8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 17.
17 January 2007 [22:37]
At 10 pm local time on January 14, commercial production and the delivery flow of gas started at the first well of Azerbaijan's giant offshore field Shah Deniz, a BP-led project.
17 January 2007 [17:05]
One of the most famous markets in Moscow Cherkizov market will be closed.
Azerbaijan approves protocol on visa-free regime with Kazakhstan
President Ilham Aliyev receives delegation led by Turkish minister of agriculture and forestry
President Ilham Aliyev receives delegation led by Turkish minister of transport and infrastructure
National Art Museum, Kazakh State Art Museum sign MoU
Azerbaijan to improve tourism in Naftalan resort
President Aliyev receives delegation led by Iranian minister
Over 99 pct of land along TAP route reinstated