Business
29 June 2006 [09:11]
According to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) yesterday, USD/AZN average weighted rate was AZN 0.8954/$1.
29 June 2006 [09:03]
June 29-30 2006 the Bond Congress of CIS and Baltic will be arranged in Riga (Latvia) by Cbonds, Russian Information Agency.
29 June 2006 [08:34]
State Oil Fund of Azerbaijan Republic (SOFAZ) has announced a tender on insurance for its employees.
29 June 2006 [08:25]
Azerbaijani government will send new proposals on mortgage policy to Milli Majlis.
29 June 2006 [08:17]
30 artesian wells are planned to be drilled in Terter region of Azerbaijan by 2008 to solve the region’s water supply problem.
29 June 2006 [08:12]
The reason of the delay in the construction of the Turkey section of the Baku-Tbilisi-Ceyhan main export oil pipeline has been announced.
28 June 2006 [21:25]
Ministry of Health has decided to stop the activity of Diamed private medical enterprise.
28 June 2006 [21:13]
Qafqaz Development Bank Observation Council Chairman Eldar Ismayilov was elected President of Association of Azerbaijani Banks at yesterday conference.
28 June 2006 [21:06]
Check-ups held by General Prosecutor's Office in Barmek–Azerbaijan Electricity Network Limited Liability Company has been stopped.
28 June 2006 [20:39]
Armenia's foreign minister said Wednesday that the South Caucasus country should seek to diversify its natural gas suppliers, following Georgia's example.
28 June 2006 [15:56]
Annual general meeting of Russian LUKoil OJSC took place in Moscow today.
28 June 2006 [15:03]
The official inauguration ceremony of the Baku-Tbilisi-Ceyhan (BTC) Main Export Oil Pipeline will take place in Ceyhan port of the Turkish province of Adana July 13, 2006.
28 June 2006 [14:35]
The end of the saga for embattled Czech-born financier Viktor Kozeny may be in sight, even though he was remanded to Her Majesty's Prison for yet another week on Tuesday.
28 June 2006 [14:30]
Representatives of Azerbaijan, Turkey and Georgia and BP to meet on Wednesday in Baku to discuss the security of the Baku-Tbilisi-Ceyhan pipeline (BTC).
28 June 2006 [10:27]
World Bank will implement project in the amount of 20 mln dollar to cleanse oil polluted area in the territory of Absheron peninsula. Minister of Ecology and Natural Resources, Huseyn Bagirov has told.
28 June 2006 [10:15]
As a result of check-ups implemented by prosecutor-General of Azerbaijan it was found out that 18 enterprises of Ministry of Economic Development (MED) were privatized illegally, Prosecutor-general Zakir Garalov stated.
28 June 2006 [10:08]
First meeting of commission on improvement of payment system under finance ministry took place yesterday.
28 June 2006 [09:52]
SOCAR Marketing and Economic Operations Department has announced marketing action.
28 June 2006 [09:48]
Azerbaijani Mortgage Fund intends to establish branches throughout the country and the aim is to convey its service to all regions.
28 June 2006 [09:42]
Strengthening of Azerbaijani national currency (manat) will continue by this year's end and this tendency can cause some problems in Azerbaijani economy.
28 June 2006 [09:34]
June 29 US Cisco Systems Company President, John Chambers will pay a one-day visit to Azerbaijan.
28 June 2006 [09:09]
Agriculture Minister Ismat Abbasov said in his interview with journalists that license of a number of enterprises making and importing wine was suspended in Azerbaijan.
28 June 2006 [08:54]
Iranian Ambassador to Azerbaijan Afshar Suleymani told journalists that official opening ceremony of Azsamand car factory in Shamakhi will take place and Azerbaijani president Ilham Aliyev is expected to attend the ceremony as well.
28 June 2006 [08:40]
SOCAR Marketing and Economic Operations Department has announced marketing action.
28 June 2006 [00:47]
Georgian Foreign Minister Gela Bezhuashvili said after talks with his visiting Armenian counterpart Vardan Oskanian on June 27 that feasibility study of the Baku-Tbilisi-Kars railway project is currently underway to find out whether the project is financially profitable or not.
27 June 2006 [22:41]
"We have written to several building companies constructing buildings without expert opinion. Thus, some businessmen engaged in building activity ignore important issues," Azerbaijani Minister for Emergency Situations Kamaladdin Heydarov told journalists.
27 June 2006 [22:20]
The Tariff Council will reconsider fixing of tuition fees of higher schools in Azerbaijan in its next sitting.
27 June 2006 [09:52]
On July 13 the Georgian government will hold the next round of negotiations for receiving additional natural gas from the South Caucasus (also known as the Baku-Tbilisi-Erzerum) gas pipeline.
27 June 2006 [00:00]
Oil jumped $1 Monday to nearly $72 a barrel on signs demand from the United States and China remained strong despite soaring energy costs.
26 June 2006 [21:09]
This month's completion of the Baku-Tbilisi-Ceyhan oil pipeline from Azerbaijan to the Mediterranean Sea was celebrated like a debutante ball in the Azerbaijani capital, Baku.
26 June 2006 [20:17]
Russia will continue building the Bushehr nuclear power plant in Iran as scheduled, the country's top nuclear official said Monday.
26 June 2006 [20:15]
Gazprom (RTS:GAZP) and Iran have agreed to study the possibility of forming a joint enterprise to develop oil and gas deposits, the Russian energy giant said Monday.
26 June 2006 [20:11]
European governments underlined their support Monday for a privately funded gas pipeline from Central Asia to Western Europe that would bypass Russia.
26 June 2006 [17:54]
On June 26, President of Azerbaijan Ilham Aliyev received at the Presidential Palace Secretary General of United Nations Conference on Trade and Development Supachai Panitchpakdi.
26 June 2006 [17:52]
An economic Forum of the United Nations Special Program for the Economies of Central Asia organized by the UN Economic Commission for Europe (UNECE), UN Economic and Social Commission for Asia (UNESCAP) and the Government of Azerbaijan was held on June 26 at Park Inn-Azerbaijan hotel in Baku.
25 June 2006 [13:01]
The pipeline, set to supply gas to Europe directly from the Caspian region, bypassing Russia, is in line with an EU commitment to make the diversification of energy routes a priority after Russia turned off the taps to Ukraine in a row over gas prices in January.
24 June 2006 [10:17]
Strengthening of national currency will continue till this year's end and in connection with the changes were made to the state budget in May, revaluation is forecasted to be two-digit.
24 June 2006 [09:39]
According to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0.8954/$1.
24 June 2006 [09:31]
As of June 1 the assets of the Unibank Commercial Bank rose by 87.68% in comparison with May 2005 and reached AZN 95.43 mn being 47.4% up in early this year.
24 June 2006 [09:23]
Azerbaijan won't reduce import tariffs and will keep the tariff in the level of 15% in connection with membership to World Trade Organization.
23 June 2006 [22:15]
Iran will halt its massive gasoline imports from Sept. 23 and impose fuel rationing, the oil minister said on Friday - a political gamble in a country where subsidised fuel is viewed as a national right.
23 June 2006 [10:21]
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0.8954/$1.
23 June 2006 [09:39]
Yesterday Ministry of Education Microsoft Company signed mutual memorandum "Cooperation on development field of modern information technologies system".
23 June 2006 [09:31]
Within January-May of the current year Azerbaijani transport carried 54.1mln tons of cargo and this figure is 9.8% more than that of respective period of 2005.
23 June 2006 [09:05]
Construction of eighth road intersection in crossing of Azadlig prospect and Ziya Bunyadov Street started.
23 June 2006 [08:59]
The United States has welcomed an agreement allowing Kazakhstan to pump its oil through a U.S.-backed pipeline running from Azerbaijan to Turkey.
23 June 2006 [08:58]
SOCAR Marketing and Economic Operations Department officers attended conference held in Baku by Azerbaijani and Georgian railway officers.
23 June 2006 [08:52]
Average monthly salary of Azerbaijani economy employees comprised AZN133.7 and this indicator is 20.3% more than that of previous year’s respective period.
23 June 2006 [08:50]
As of May 1 national savings in bank-credit structures constituted AZN568.3mln and this figure is 35% more than that of last year's respective period.
23 June 2006 [08:43]
Construction of pedestrian tunnel in the intersection of Bulbul Street and Fuzuli Street has started yesterday.
22 June 2006 [15:11]
Ministry of Taxes completed check-ups in ANS Commerce Company, it is on the eve of drawing up a statement.
22 June 2006 [13:55]
Baku City Executive Power has liquidated prohibition of motion of phaetons in different places of the city.
22 June 2006 [13:49]
Azerbaijan-Turkey Business Forum took place in Baku today.
22 June 2006 [11:16]
Armenian economic growth will slow in the next few years, the World Bank said in a report on Eastern Europe and Central Asia.
22 June 2006 [09:37]
Dutch court has sent a letter to Azerbaijani Communications and Information technologies Ministry in connection with a row between Azerbaijani government and FIM Bank of Malta. The letter summons Azerbaijan as a witness.
22 June 2006 [09:12]
Azerbaijani State Committee for Management of State property announces investment competition on stocks of Siazan Senaye Gihaz (industry Equipment) OJSC. 99.7% of its stocks as well as 14.7%-portion of workforce were put into competition.
22 June 2006 [09:07]
By July 20 reconstruction of 2.3-km-long Airport Road (from Azizbayov circle to Sabunchu circle) will be started.
22 June 2006 [08:58]
In January-March Azerbaijani National Bank made influence on rate of manat by regulating supply and demand in the currency market.
22 June 2006 [08:55]
Ernst &Young Holdings (CIS) B.V. Audit Company has completed audit of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the year ended December 31, 2005.
22 June 2006 [08:51]
Islamic Countries' Trade Chamber chairman Sheikh Saleh ibn Abdullah Kamal has today met with Azerbaijani businessmen in Baku.
22 June 2006 [08:46]
In January-April cargo transport rose 12.3% in comparison with last year's respective period to 16mln ton on Azerbaijani part of TRACECA (Transport Corridor Europe Caucasus Asia).
22 June 2006 [08:39]
On decision of general meeting of International Association of Exchanges of CIS countries (IAE CIS), Farhad Amirbayov, Baku Interbank Currency Exchange (BIBA) Chairman, was reelected to the Managing Staff of the Association.
22 June 2006 [08:34]
Establishment of International Development Bank has taken a start at initiative of Islamic Countries' Trade Chamber.
22 June 2006 [01:44]
Little-known U.K. company Polton Vencars plans to develop telecommunications services in Azerbaijan, a spokesman for Azerbaijan's property committee said Wednesday.
21 June 2006 [21:07]
Turkey's prime minister announced plans Tuesday to build three nuclear power plants by 2015 to meet the country's growing energy needs.
21 June 2006 [20:08]
The government initiated the Samsun-Ceyhan pipeline project, transferring Caspian and Russian oil from Samsun to Ceyhan, to protect Turkey's straits from the dangerous oil tanker traffic that threatens Istanbul.
21 June 2006 [19:33]
The agreement to connect Kazakhstan with the Baku-Tbilisi-Ceyhan oil transport system, signed by the Kazakh and Azeri presidents on June 19, brings the Caspian basin's eastern shore into the East-West energy corridor.
21 June 2006 [17:09]
Turkish Foreign Minister Abdullah Gul had consultations on Monday with Azerbaijani President Ilham Aliyev in Baku to discuss Armenian participation in the Kars-Akhalkalaki-Tbilisi-Baku railway project.
21 June 2006 [14:50]
It is the second year successively Citigroup awards the International Bank of Azerbaijan with the "Quality Recognition Award" in nomination "U.S. Dollar Clearing", for the premier level in realization of payments in US dollars through automatic mode, depending on results of the year 2005.
21 June 2006 [09:54]
Azerbaijani gas transport system will be ready for Shahdeniz gas from the third quarter of 2006.
21 June 2006 [09:25]
Gas fees have been paid by 40% in May. Azerigas Closed Company President Alikhan Malikov said in an interview with journalists.
21 June 2006 [09:20]
June 22 in Baku Business Center Azerbaijan–Turkey Business Forum will be held by the organization of Azerbaijan Entrepreneurs Organization (AEC) National Confederation.
21 June 2006 [09:01]
"Today ANS Group of Companies operates illegaly. Because, Milly Majlis television and Radio Council refuses to give a license to ANS. We can not get license since 2003. It is already 3 years that we have been waiting to get our license."
21 June 2006 [08:44]
Gross Domestic Product worth AZN5853.9mln has been produced in Azerbaijani Economy within January-May of the current year and this figure is 38% more than that of respective period of last year. Part of GDP per capita has risen 36.5% to AZN702.2 or $771.8.
21 June 2006 [08:28]
Within January-May, 8 222 thousand ton of oil was extracted from Azeri-Chirag-Guneshlioil-fields by Azerbaijan International Operating Company (AIOC). This indicator is 2.1 times more than that of the first 5 months of the last year.
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