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.
06 October 2006 [13:31]

Russia's economics minister on visit to Azerbaijan

Russia's economics minister will discuss Friday in Azerbaijan stepping up bilateral trade and economic cooperation, the ministry's press-service said.
06 October 2006 [10:13]

Nakhchivan imported over 70mn KW/h in September

Nakhchivan Autonomous Republic imported some 70.706mn KW/h electrical power in September.
06 October 2006 [10:03]

Taxes Ministry completes check-up in VMF Company backing ANS TV

Taxes Ministry has completed check-ups in VMF Company which gives financial support to ANS TV.
06 October 2006 [09:41]

Finance Ministry's Insurance Department develops action plan to qualify staff of insurance companies

Finance Ministry's Department for Control of Insurance Activities has developed an action plan for qualification of the insurance companies’ staff, Department Chairman Namig Khalilov told.
06 October 2006 [09:37]

Finance Ministry works out Program for Development of Insurance System

Finance Ministry is working out Program for Development of Insurance System.
06 October 2006 [00:07]

Gazprom denies information on gas price supply to Georgia

Russia's energy giant Gazprom said Thursday it is conducting no negotiations with Georgia over the gas price for 2007, despite a Georgian energy businessman's statements.
05 October 2006 [19:44]

World Bank, Azerbaijan sign a 29mn-loan agreement

On Thursday the World Bank and Azerbaijani Government have signed an agreement on Agricultural Develoment and Credit Project Phase II. According to the agreement, the World Bank will allow a loan of 29mn to the Government.
05 October 2006 [19:01]

Baku seeking to transfer oil to Persian Gulf

Ambassador of the Republic of Azerbaijan to Tehran voiced his country's enthusiasm for transferring its oil to the waters of the Persian Gulf.
05 October 2006 [18:50]

SOFAZ, OSIWA chiefs meet

Executive Director of the Azerbaijan State Oil Fund (SOFAZ) Shahmar Movsumov met with executive director of the Open Society Initiative for West Africa (OSIWA) Nana Tanko and head of the Open Society Institute-Soros Foundation Farda Asadov.
05 October 2006 [18:38]

Defense and Finance Ministries blame each other for some officers not receive belongings compensation

"A number of officers-in-reserve cannot receive belongings compensation because, Finance Ministry did not allocated funds for it," said Ilgar Verdiyev, Defense Ministry press service officer.
05 October 2006 [15:04]

The first Shah Deniz gas to be produced this month

The Shah Deniz gas and condensate development project has continued to progress according to schedule since the beginning of 2006 and construction is currently almost complete overall.
05 October 2006 [09:43]

Azerbaijani Mortgage Fund receives 191 applications

Azerbaijani authorized credit institutions received 191 official appeals from the citizens for mortgage within seven months.
05 October 2006 [09:40]

Russian Economics and Trade Minister German Gref to visit Azerbaijan

Economic Development and Trade Minister of Russia, German Gref, will pay a visit to Azerbaijan October 5.
05 October 2006 [09:14]

International Transaction Systems tops ranking of brokers in Azerbaijan in September

In September of this year according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) International Transaction Systems headed ranking of brokers with brokerage services in the total amount of AZN 29 691 593.72 provided to two client.
05 October 2006 [08:58]

IEB lifts ban for fowls export and import

International Epizootic Bureau (IEB) lifts ban for fowl-flesh and products export and import, according to State Veterinary Service at Agricultural Ministry's information.
05 October 2006 [00:42]

Iran-Armenia gas pipeline on stream early 2007

The project of Iran's gas conveyance pipeline to Armenia will come on stream early 2007, Reza Kasaiizadeh, the managing director of the National Iranian Gas Company (NIGC) said here on Wednesday.
04 October 2006 [20:06]

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 4.
04 October 2006 [19:44]

U.S. donates wheat for Azerbaijan health project

The United States will donate $1.75 million worth of wheat for a project to strengthen immunization services in Azerbaijan, which wants to eliminate measles and congenital rubella syndrome.
04 October 2006 [18:40]

Ministry of Justice, World Bank seal agreement

Government of Azerbaijan and the World Bank have signed an Agreement On financing on the project of modernization of justice system.
04 October 2006 [14:32]

Detention of ex-Economic Development Minister prolonged for more six months

The detention period of the former Economic Development Minister Farhad Aliyev was prolonged for more six months, Ramis Mammadov told.
04 October 2006 [13:49]

Azerbaijani, Georgian and Turkish Transportation Ministers may meet in Ankara

Azerbaijani, Georgian and Turkish Transportation Ministers may meet in Ankara on October 13-14 to discuss issues concerning Baku-Tbilisi-Akhalkalak-Kars Railway Project, Turan Morali stated.
04 October 2006 [12:22]

Caspian Business News edition closed

Caspian Business News, the region's premier English-language newspaper providing a clear and concise outline of the business environment in Azerbaijan and the Caspian region stopped its activity on Wednesday.
04 October 2006 [10:12]

Total says Kashagan field production faces delay as costs rise

Total SA said production at the Kashagan oil field in Kazakhstan, one of the five biggest in the world, will likely be delayed beyond its planned 2008 start and the project will cost more than forecast.
04 October 2006 [09:55]

Azeri parliament ratifies oil-pumping agreement with Kazakhstan

Milli Majlis has ratified an agreement on transportation of Kazakhstani oil to the world markets via the Caspian seabed and farther on via the territory of this Trans-Caucasian republic by Baku-Tbilisi-Ceyhan oil pipeline, the parliament's press service said on Tuesday.
04 October 2006 [09:46]

Accounting Chamber delegation to visit Kyrgyzstan

Delegation of Azerbaijan Accounting Chamber will visit Kyrgyzstan on October 19.
04 October 2006 [09:42]

Azerfon plans to cover 80% of Azerbaijan next year

Azerfon LLC- New GSM Operator was represented in the stand of Siemens at the International ICT exhibition started yesterday.
04 October 2006 [09:38]

Cotton harvest fell by 42.2% as against last year's

As of October 2, 67 200 tonnes of cotton were harvested throughout the country. This figure is a 42.2% decrease as against the same period last year.
04 October 2006 [09:27]

Chinese Great Wall Drilling Company won't pay salary to Azeri employees

China's Great Wall Drilling Company won't pay the salary of Azerbaijani workers employed in the 88th oil well.
04 October 2006 [09:23]

Land can also be given as security when taking out a mortgage

By the decision of the Management Board of National Bank of Azerbaijan, a number amendments and modifications were made to "Requirements of the authorized banks to issue mortgages".
04 October 2006 [09:15]

EBRD Board members to visit Azerbaijan

Members of the Board of Directors of the European Bank for Reconstruction and Development will be in Azerbaijan during October 23-25.
03 October 2006 [20:48]

Dow sets all-time high, passes January 2000 level

The Dow Jones industrial average set an all-time high on Tuesday, pulling above the previous record set in 2000 as tumbling oil prices led investors to buy shares of consumer and industrial companies that benefit from lower crude prices.
03 October 2006 [19:56]

Minister of Transport meets Turkish colleague

Azerbaijan's Minister of Transport Ziya Mammadov met October 3 with Turkish Minister of Communications and Transport Binali Yildirim.
03 October 2006 [19:26]

Indian honchos head for Azerbaijan

A business delegation from India is headed for Azerbaijan to explore investment opportunities and enhance bilateral trade between the two countries.
03 October 2006 [19:15]

Trades at BICEX

The weighted average exchange prices made up 0.8747 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 3.
03 October 2006 [18:43]

Azerbaijan posts highest CIS industrial growth in 8 mths

Azerbaijan had the highest year-on-year industrial growth among CIS countries - 40.5% - in January-August, the CIS Interstate Statistical Committee said.
03 October 2006 [16:17]

President Aliyev confirms Azerbaijan-Latvia intergovernmental commission

Azerbaijani President Ilham Aliyev confirmed the composition of the Azerbaijan-Italy intergovernmental commission for economic, technical and cultural cooperation.
03 October 2006 [15:01]

Ogtay Hagverdiyev: "Targol Investment, Fondel Metal, Barmek and some others are headache for Azerbaijan"

"Some foreign investors want to launder dirty money and make frauds in Azerbaijan," Cabinet officer for finance and credit affairs Ogtay Hagverdiyev told.
03 October 2006 [14:50]

12th International telecommunication and information technologies-2006 exhibition opened in Baku

The 12th International telecommunication and information technologies-2006 exhibition has been opened in the Azerbaijani capital Baku.
03 October 2006 [10:04]

Barmek appeal to ICSID not registered yet

The ad hoc commission on hand-over test of Barmek will submit the results to the Government, Deputy Economic Development Minister Mikayil Jabbarov said.
03 October 2006 [09:54]

Auction on placement of T-bills held at BSE

Auction on placement of T-bills with the state registration number 10202913S was held at Baku Stock Exchange yesterday.
03 October 2006 [09:32]

Azerbaijan imported 3309.5mn c.m of gas from Russia in January-September

SOCAR purchased 324mn cubic meters of natural gas from Russian Gasexport Company in September to supply for power stations.
03 October 2006 [09:21]

Daewoo Telecom claims damages of $9.5mn to Azerbaijani Government

Korea Daewoo Telecom claims damages of $9.5mn to Azerbaijani Government, Communications and Information Technologies Minister Ali Abbasov said.
03 October 2006 [09:13]

Low-quality products sold in Lenkeran

The Central Market in Azerbaijani southern region of Lenkeran sells old and harmful products for health, Habil Sadigov, Lenkeran Hygienic and Epidemiology Center (HEC) director told.
02 October 2006 [21:52]

Iran warns Japanese to act on oil deal soon

Iran's government said Monday that the Japanese company Inpex had a day or two to express its commitment in negotiations over a project to develop an oil field or Iran would turn to other companies.
02 October 2006 [21:40]

Chinese cars' assembling launched in Azerbaijan

According to Khanlar Fathiyev, head of Ganja Motor Works the first component parts for assembling of Chinese 'Changan' model have been delivered to the Ganja Motor Assembling Works.
02 October 2006 [21:24]

Trades at BICEX

The weighted average exchange prices made up 0,8747 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 2.
02 October 2006 [14:49]

Economic Development Ministry blames Barmek for delay of hand-over test

The Economic Development Ministry of Azerbaijan blames Barmek for the delay of the hand-over test.
02 October 2006 [14:47]

US-Azeri Business-Forum takes place in Baku

On Monday US-Azerbaijani Business-Forum has been held in Baku by United States-Azerbaijan Chamber of Commerce (USACC), AzPromo and American Chamber of Commerce (AmCham) and Azerbaijan Export and Investment Promotion Foundation (AzPromo).
02 October 2006 [13:15]

Gold deposits' exploration in Ordubad fails

Gold deposit exploration in Ordubad by Azerbaijan International Extractive Industry Operating Company was unproductive.
02 October 2006 [12:58]

Gas supply to some Baku districts cut off

Gas supply to some districts of Baku has been cut off.
01 October 2006 [15:13]

Milk processing factory to be build in Shaki

Under the terms of ?7,28 mln loan agreement signed between the International Bank of Azerbaijan /IBA/ and Netherlands's Robobank, Shaki Agro Industry Ltd has started building a milk processing factory in Orta Zerzid village of Shaki region.
01 October 2006 [15:09]

Georgian Energy Minister speaks of diversified energy supplies

Georgian Energy Minister Nika Gilauri said on September 30 that in 'case of necessity' Georgia will import electricity from Turkey, Armenia, Azerbaijan and Iran during winter.
01 October 2006 [15:06]

Caspian Moods exhibition at Kapellhaus

'Caspian Moods' exhibition was held September 30 at the Kapellhaus Germany-Azerbaijan Cultural Center.
01 October 2006 [15:02]

Israel and the regional oil axes

The United States has always tried, for strategic reasons, to build gas pipelines, excluding Russia's participation, in order to prevent Europe from depending on Russian gas, which currently covers one third of its total needs of gas.
01 October 2006 [12:19]

Iran says backs OPEC push for "acceptable" oil price

Iran will support any OPEC move to bring crude oil prices back to acceptable levels following a recent slide, Iran's OPEC Governor Hossein Kazempour Ardebili said on Sunday.
01 October 2006 [12:14]

Iran, Armenia to finalize Araz Dam contract

Iranian Energy Minister Parviz Fattah said Iran would finalize a contract with Armenia to construct a dam in Araz by the end of the current Iranian year, falling on March 20, 2007.
01 October 2006 [12:10]

Ankara determined to move Turkish-Georgian-Azeri rail project forward

"The three countries, Turkey, Georgia and Azerbaijan, are firm on carrying out this project with their own financial resources; they have enough funds to finance the railway's construction in one way or another," says a Turkish diplomat.
30 September 2006 [16:39]

Turkish Transportation Minister to leave for Baku on Sunday

Turkish Transportation Minister Binali Yildirim will leave for the Azeri capital of Baku on Sunday to participate in the Global Alliance for Information and Communication Technologies and Development (GAID) meeting.
30 September 2006 [14:18]

Japan may block loans for Iran oil project

Japan's government will refrain from extending loans or guaranteeing debts for development of Iran's giant Azadegan oil field by Japan's biggest oil developer if the United Nations Security Council imposes economic sanctions on Tehran.
30 September 2006 [14:05]

Turkey to buy $2.9 bln worth of F-16 Fighting Falcons

The Pentagon said on Friday Turkey may buy $2.9 billion worth of F-16 airplanes, while South Korea may purchase $1.5 billion in Patriot missile system equipment.
30 September 2006 [13:40]

Turkish company to build US$ 42 million sturgeon breeding complex in Turkmenistan

Turkmen President Saparmurat Niyazov has approved the decision of the tender commission of the State Committee for Fisheries and the conclusion of the expert commission on announcing the Turkish "AVKA Yapi Sanayi we Dis Tijaret Limited Sirketi" a winner of the international tender.
30 September 2006 [12:49]

Riga to host Azerbaijan-Lithuania business forum

The Azerbaijan-Lithuania business forum is to be held October 5 in Riga.
30 September 2006 [12:46]

SOCAR transfers money to AFFA's account

The recent problem between the State Oil Company of Azerbaijan Republic (SOCAR) and AFFA has been solved.
30 September 2006 [12:38]

Azercell to start BonusPay campaign next month

Azercell telecom will start a new campaign - BonusPay.
30 September 2006 [11:57]

Tariff Council rises public transportation tariffs

Azerbaijan's Tariff Council considered intraurban and suburban as well as Baku-Sumgayit passenger transportation tariffs.
30 September 2006 [10:31]

Trades at BICEX

The weighted average exchange price made up 0.8750 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange.
30 September 2006 [10:23]

Latvian-Azerbaijani business-forum to take place

Latvian-Azerbaijani business-forum will be held in Latvia on October 5.