Business
19 August 2005 [08:12]
The second large bank of Kazakhstan TuranAlem (BTA) will open its representative office in Baku on 24 August and plans to buy a local bank.
09 August 2005 [10:09]
For seven months of the current year the Ministry of Communications and Information Technologies (MCIT) invested 47 billion, 172 million manats ($9,9 million) in the telecommunications sphere of Azerbaijan.
09 August 2005 [09:27]
(NA "Novosti - Gruziya") – The Union of oil goods producers, importers and consumers is in favour of Azerbaijan to be also in future the main supplier of motor fuel to Georgia.
09 August 2005 [09:11]
The 1st auction of bonds emitted by leasing company is planned to be held at the Azerbaijan stock market next month.
09 August 2005 [09:01]
Problems with energy supply may arise in Azerbaijan in winter, head of the Barmek Azerbaijan Ltd. Huseyn Arabul said, Trend reports.
09 August 2005 [08:50]
The Department for State Property Management and Privatization (DSPM) under the Ministry of Economic Development (MED) announced extending of the investment competitions on sale of shares of the Baku Electrical Founding Plant (Baki Elektriktokme Joint Stock Company (JSC) and Mingyachevir Weaving Mill Open Joint Stock Company (OJSC Mingecevir-Toxucu).
09 August 2005 [08:36]
"Sharp decline of US dollar rate towards manat is a negative factor in production and affects negatively export stimulation.
08 August 2005 [08:56]
Representatives of Azerbaijan will take part in the international workshop, dedicated to the experimenting on perspective vegetable grades.
08 August 2005 [08:50]
Overseas Private Investment Corporation (OPIC) – a USA government agency, in charge of support of private American investments, approved allocation of $10 million to the joint Azerbaijani-American enterprise (JV) Catel (Caspian American Telecommunications, LLC).
06 August 2005 [11:32]
The gas reserves in the South Caspian basin in future as compared to the oil reserves may considerably increase. In the basin, where Azerbaijan, Turkmenistan and Iran are parts, there are about 40 gas fields.
06 August 2005 [11:15]
The Azerbaijan International Operating Company (AIOC) started drilling of next producing well with 4,400 meters project depth at the Chirag field.
06 August 2005 [11:11]
During the last 3,5 years the Joint Stock Company (JSC) Azerenerji paid on loans, allocated by he international financial institutions some $100 million, head of Azerenerji Etibar Pirverdiyev stated on 5 August at the news conference.
06 August 2005 [09:38]
RV Investment Services Grou? LLC is interested in developing gold bearing fields in Dashkesan, the company’s head Riza Vesari told on 5 August.
06 August 2005 [09:33]
New gold fields are planned to commission in the III quarter of 2007, the operations director of the Azerbaijan International Mining Company Dgerard Filipps told on 5 August.
06 August 2005 [09:10]
The president of the “Azerenergy” Open Stock Company (OSC) Etibar Pirverdiyev held a press-conference in the headquarters of the Yeni Azerbaijan Party yesterday.
05 August 2005 [08:39]
In accordance with the operative data, grain harvest was gathered in 769,900 hectares sowing area, or in 96.8% of sowing areas.
05 August 2005 [08:36]
Azerbaijan maintained trade relations with 124 countries of the world over first half-year. Foreign goods turnover reached $3.4 billion with $1.3 billion export and $2.1 billion import.
05 August 2005 [08:30]
The Azerbaijan International Operational Company (?IOC) plans to ship in August from the Black Sea port Supsa 656,000 tons of the Azeri Light oil, produced at the Azeri-Chirag-Gyuneshli (ACG) oil field. 135,000 tons of oil will be shipped on 6-7 August by the State Oil Company of Azerbaijan (SOCAR), which sold this consignment to the Select Energy trader at the tender.
05 August 2005 [08:26]
The intergovernmental agreement on the Kazakhstan’s joining Baku-Tbilisi-Ceyhan (BTC) project will be signed in October 2005, Vladimir Shkolnik, the Energy and Mineral Resources Minister, said to a meeting in Aktau.
05 August 2005 [08:20]
British-U.S. BP intends to increase the expenditure with the Azerbaijani joint enterprises (JE) and state companies in 5 years.
04 August 2005 [11:17]
Terror act in Mahackala section of Mozdok-Gazimammed gas pipeline was prevented.
04 August 2005 [10:41]
The Azerbaijan International Operation Company (AIOC) suspended yesterday the operation of the Baku-Supsa pipeline (”the western route”) according to the schedule.
04 August 2005 [09:48]
Reaping process has ended in the 97% of the cornfields so far.769.833 acres of field was planted with grain in Azerbaijan in 2005, 744.866 hectares of field was reaped.
04 August 2005 [09:11]
Opening of the anti-corruption legal defense centers in Azerbaijan (ALDC) is an integral part of the international exchange of experience in the corruption fighting sphere.
04 August 2005 [08:40]
The Turkish Star group of companies will complete the construction of the two plants on production of automobiles and domestic appliances till late 2005.
04 August 2005 [08:37]
The Russian Transneft Company permitted the Azerbaijan International Operating Company (AIOC) to transport 388,000 tons oil through the Baku-Novorossiysk pipeline in September 2005.
03 August 2005 [10:32]
In accordance with the forecast of the Economic Development Ministry, GDP of Azerbaijan will make up 70.5 billion manats in 2006 with 30.5% economic growth.
03 August 2005 [09:59]
Iran has not determined a new composition of the bilateral commission on economic cooperation with Azerbaijan due to non-formation of new government after the election of the new President.
03 August 2005 [09:37]
Enterprise producing refrigerators has been opened in Shamakhi.
03 August 2005 [08:58]
For the first half year Azerbaijan paid 4,2 million USD for membership in international organizations.
03 August 2005 [08:56]
An Understanding Memorandum was signed with the Asian Bank for Development (ABD) on realization of the new joint technical aid project in the Economic Development Ministry (EDM) yesterday.
03 August 2005 [08:53]
The Ministry of Economic Development (MED) of Azerbaijan submitted the macro-economic forecast for 2006 to the Cabinet of Ministers, the Minister of Economic Development Farhad Aliyev told journalists.
03 August 2005 [08:47]
The Ministry of Agriculture (MA) of Azerbaijan has banned officially import of meat and other food products to the country, particularly, chicken, eggs and various poultry from Kazakhstan, China, Japan, Pakistan and a number of Asian countries.
03 August 2005 [08:42]
The reason of dismissing some of the associates working in the local departments of the “Barmek-Azerbaijan electric Net” LTD is that they could not fulfill instructed tasks”.
03 August 2005 [08:41]
Presentation of the project “Corruption in Azerbaijan. How to fight it?”, being implemented by the “Constitution” Research Foundation under the support of the Eurasia Foundation and the Open Society Institute took place on 2 August in Baku.
02 August 2005 [11:33]
The Excelcior hotel will open in Baku on Monday, Trend reports.
02 August 2005 [11:24]
On Monday the Ganja Automobile Plant received the first sets of spare parts for the assembly of automobiles under the contract concluded with the Ulyanov.
02 August 2005 [09:43]
The state program for the development of the information and communications technologies in Azerbaijan (2005-2008) is expected to be adopted this week, Ali Abbasov.
02 August 2005 [09:40]
The local telephone talks will be payable in Azerbaijan by the end of the year.
02 August 2005 [09:32]
On Monday the Azerbaijan International Oil Company (AIOC) interrupted work in the Georgian terminal in accordance with schedule.
01 August 2005 [10:18]
The Gyanja car factory coordinates the issue of the first export delivery of its output.
01 August 2005 [10:05]
Akbar Noman, the ex-manager of the World Bank (WB) on Azerbaijan, plans to arrive in Baku anew on 2 August.
01 August 2005 [10:00]
The Gazeksport Ltd, the daughter company of the Gasprom Joint Stock Company (JSC), resumed the gas export to Azerbaijan in the night from 29 to 30 July, the Azerigaz JSC told Trend.
30 July 2005 [11:15]
The goods turnover between Azerbaijan and Turkey has made up $237.5 million since early 2005. Turkey exported to Azerbaijan goods in the amount of $157.2 million or 7.5% of total import of the country, the State Customs Committee (SCC) told Trend.
30 July 2005 [11:03]
16090 physical entities have been registered in the country during January-June 2005.
30 July 2005 [09:49]
The Ministry of Labor and Social Security is going to define a consulting company for training targeted social aid in the social security centers throughout the country, including the Nakhcivan Autonomous Republic.
30 July 2005 [09:24]
New asphalt plant has been opened in Gazakh.
30 July 2005 [09:07]
$1 billion 385 million of $2 billion 311 million substantial expenditure planned for 2005 were spent on Azeri-Chirag-Guneshli (ACG) project during the first 6 months.
30 July 2005 [08:56]
Building of the upper modules of the Western Azerbaijan platform is conducted according to the schedule.
30 July 2005 [08:38]
The working out of conception of cosmic multistage conductor system has launched in Azerbaijan.
30 July 2005 [08:35]
Dervish Deniz, the Northern Cyprus Minister for Economy and Tourism, offered the Azerbaijani companies the construction of hotels as more attractive spheres of economy.
30 July 2005 [08:28]
Azerbaijan might become a transit country for export of the products to the Central Asia, Ferdi S.Soyer, the Prime Minister of the Turkish Republic of Northern Cyprus, told the journalists.
30 July 2005 [08:21]
EBRD credit allocated for LUKOIL Overseas will be ensured by a guarantee in the initial stage of construction of production facilities under the project on the construction of Shah-Deniz project, the company announced.
29 July 2005 [09:18]
Azerbaijan’s public arrears will comprise approximately 15% of the GDP late 2005. Azerbaijan will not borrow big funds in 2005, the Cabinet of Ministers told Trend.
29 July 2005 [09:01]
The second Azerbaijani delegation of entrepreneurs arrived in the Northern Cyprus on Thursday.
29 July 2005 [08:43]
Minister for education Misir Mardanov received World Bank chief specialist on education for Europe and Central Asia Kent Luis on 27 July.
29 July 2005 [08:39]
The Azerbaijani government plans to sign agreements with the World Bank (WB) in August 2005.
29 July 2005 [08:27]
Stage 1 construction under the Shah Deniz gas and condensate development project is currently 63% complete overall.
29 July 2005 [08:19]
The first 1 million barrels of Azeri Light oil, produced from the Azeri-Chirag-Gunashli (ACG) field, has been pumped to the Baku-Tbilisi-Ceyhan main export oil pipeline.
29 July 2005 [08:17]
A press-conference dedicated to abolishing the pretension in the amount of $ 150 million against the Azerbaijan Republic, Caspian Shipping Office and “Caspian Specialized Basin Accident-Rescue” Open Stock Company (OSC) was held in the Economic Development Ministry yesterday.
29 July 2005 [08:14]
The European Bank for Reconstruction and Development (EBRD) and Lukoil Overseas Holding Limited will sign in Moscow on Thursday a $100m credit agreement on financing a part of expenses under the project on development of gas-condensate field Shah-Daniz.
28 July 2005 [09:05]
The Cabinet of Ministers will submit the forecast macroeconomic figures for 2006 on 15 September, Farhad Aliyev, the Minister of Economic Development, told journalists.
28 July 2005 [08:53]
The State Oil Company of Azerbaijan (SOCAR) wants to apply to the head of the Russia’s Transneft Company, Semen Veinstock with an official letter stating the unfavorable situation around the export of the Azerbaijan’s oil through the Novorossiysk port, SOCAR told Trend.
28 July 2005 [08:51]
Russia does not permit the returning of the ships “Maestro Niyazi” ,”Natavan” and “Rasul Rza” belonging to Azerbaijan for the time being.
28 July 2005 [08:43]
Barmek Azerbaijan, the operator of the energy distribution network in Baku and Sumgayit, intends to invest 89,499m manats (over $19m) in the development of the electric network of Baku in 2005.
27 July 2005 [12:03]
Premium of insurance companies of Azerbaijan on the results f the first half of the current year grew by 11,9% as compared to the first half-year of the last year.
27 July 2005 [09:49]
The small enterprise ‘Anar-93’ started the construction of a sugar plant near the Baku-Astara motor highway in Salyan.
27 July 2005 [09:09]
The president Ilham Aliyev visited Khachmaz region yesterday.
27 July 2005 [09:03]
Azerbaijan will be shortly included in the list of countries recommended for tourist trips by the government of China. The accord between Azerbaijan and China on including Azerbaijan in the list of countries, recommended for traveling was achieved in the previous year during the visit of the Minister of Youth, Sport and Tourism Abulfaz Karayev to China.
27 July 2005 [08:38]
The Barmek-Azerbaijan Company does not fulfill its obligations on some clauses of the agreement, signed with the government of Azerbaijan for delivery in asset management of the energy distribution networks of Baku and Sumgayit, the Open Joint Stock Company (OJSC) Azerenerji head, Etibar Pirverdiyev told journalists on 26 July.
26 July 2005 [10:55]
A 45-member delegation will represent Azerbaijan in an international exhibition ‘Konia shoes, leather industry and fashion’, which will be held in Konya, Turkey, from 4 to 7 August, the Confederation of Azerbaijani Entrepreneurs (CAE).
26 July 2005 [10:54]
The Azerbaijani Micro Finance Bank of (MFBA) and the International Finance Corporation (IFC) signed an agreement on allotment of credit by the IFC.
26 July 2005 [10:50]
German government is ready to allocate 1 million 185 thousand euros to Azerbaijan.
26 July 2005 [09:02]
The Azerpocht state enterprise (SE) will apply postal money transfer on Western Union and Travelex systems. The work on realization of these systems is underway.
26 July 2005 [08:50]
The European Bank for Reconstruction and Development (EBRD) officially announced that the consideration of possible participation in the capital of Bank of Baku originally scheduled for 26 July to 6 September 2005.
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