Business
12 July 2006 [03:35]
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN weighted average rate was AZN 0.8924/$1.
12 July 2006 [03:34]
Atabank OJSC offers new SMS Banking Service to customers.
12 July 2006 [03:32]
An auction on placement of T-Bills of Ministry of Finance with the state registration number 10201813S will be held at Baku Stock Exchange on July 14.
12 July 2006 [03:21]
BP has spent $3.5mn on the ceremony to be held in Ceyhan Port, Turkey, on the occasion of opening of Baku-Tbilisi-Ceyhan oil pipeline.
12 July 2006 [03:20]
On Tuesday Azeri Accounts Chamber's chairman Namig Nasrullayev met with delegation led by head of Accounting Committee for Control over Execution of Republican Budget of Kazakhstan, Omarkhan Nurtayevich Oksikbayev.
11 July 2006 [18:35]
The draft agreement on Baku-Tbilisi-Akhalkalaki-Kars railway will be discussed July 13-14 in Tbilisi.
11 July 2006 [18:00]
11 July 2006 [15:20]
Finally the Georgian government has cut a deal to receive extra natural gas from Azerbaijan.
11 July 2006 [15:14]
Azeri state oil company, Canada's Target Petroleum and Scotland's Firstdrill Ltd. have signed an agreement to set up the joint drilling venture Azeri Drilling Company, Firstdrill said in a press release.
11 July 2006 [11:47]
A top Azeri delegation headed by President Ilham Aliyev will arrive in Turkey on Tuesday to attend the July 13 ceremony of inaugurating the Turkish section of Baku-Tbilisi-Ceyhan, the main export pipeline taking Caspian oil to international markets, officials say.
11 July 2006 [01:30]
Elcell's Internet Services can already be used in all districts of Baku as well as Absheron.
11 July 2006 [01:28]
Delegation led by head of Accounting Committee for Control over Execution of Republican Budget of Kazakhstan, Omarkhan Oksikbayev will pay an official visit to Azerbaijan July 10 to 12 at invitation of Azerbaijani Calculation Chamber.
11 July 2006 [01:26]
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN weighted average rate was AZN 0.8928/$1.
11 July 2006 [01:24]
As of July 1, the assets of the bank rose by 75.35% in comparison with June 2005 and equalled AZN 96.8 mn, which represents an increase by 49.46% from 1 January 2006.
11 July 2006 [01:20]
Azerbaijani Entrepreneurs' National Confederation plans to hold business-forums in Turkey, Iran, Ukraine and the US with participation of Azerbaijani businessmen.
11 July 2006 [01:02]
Excelsior Hotel Baku and Azerbaijan Airlines concluded an agreement.
11 July 2006 [00:56]
This year turnover of Baku Stock Exchange (BSE) is expected to double as against 2005.
11 July 2006 [00:53]
Azerbaijani Improtex Marine&Sport Facilities will bring new models of Yamaha motorbikes to Azerbaijan in a week.
11 July 2006 [00:52]
Offices of Bank Respublika JSC were opened in Ganja and Khachmaz.
10 July 2006 [21:11]
Dr. Charlie Rush is using knowledge gained in the sugar beet fields of the Panhandle to help the Republic of Azerbaijan, formerly a part of the Soviet Union, build economic stability.
10 July 2006 [20:16]
The inauguration on Thursday of the Baku-Tbilisi-Ceyhan (BTC) pipeline – a new route to supply oil to the West – will help reduce tanker traffic through the Turkish Straits, but is far from resolving the often hazardous congestion of the two narrow waterways.
10 July 2006 [20:12]
Russian firm LUKoil, one of the world's largest energy companies, is planning to build an oil refinery in northern Turkey, the Turkish media reported Sunday.
10 July 2006 [16:40]
President Ilham Aliyev of Azerbaijan is positive that in the near future their country will be able to make investments in the economies of other countries.
10 July 2006 [16:09]
Azerbaijani Communications and Information Technologies Minister Ali Abbasov to pay a working visit to the US on July 8-17 at invitation of USTDA.
10 July 2006 [16:08]
The Caspian Integration Business Club and Caspian Energy International Publishing House have started establishment of the Azerbaijan-Kazakh Business Club under support of state structures and public organizations of Azerbaijan and Kazakhstan.
09 July 2006 [21:32]
Two World Bank's (WB) expert teams will come to Azerbaijan July 11 to monitor the process of implementation of the Bank-funded projects in the country.
09 July 2006 [21:27]
The Director General of Dubai Department of Tourism and Commerce Marketing (DTCM), Mr. Khalid A bin Sulayem, received the ambassador of Republic of Azerbaijan to the UAE, Mr. Eldar Salimov, at the DTCM Head Office recently and reviewed bilateral ties and tourism industry developments.
08 July 2006 [23:28]
World Bank is expected to finance projects and programs in Azerbaijan through various preferential and a bit severer sources within the forthcoming two fiscal years.
08 July 2006 [12:03]
The preparatory work for the inauguration of the Baku-Tbilisi Ceyhan oil pipeline has been completed. A tent for 280 persons has been erected.
08 July 2006 [11:59]
Some 20 Azerbaijani businessmen were present at the event.
08 July 2006 [10:03]
Standard Insurance Broad of directors declared an increase of 100% in authorized capital.
08 July 2006 [10:01]
Barmek Azerbaijan Power Supply LLC president Huseyn Arabul issued a statement on the happenings around the company.
08 July 2006 [09:54]
Azercell Telecom Joint Venture concluded roaming agreement with Panamanian Cable and Wireless Company to expand the number of its international roaming partners.
08 July 2006 [09:52]
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) on Friday, USD/AZN average weighted rate was AZN 0.8931/$1
08 July 2006 [09:51]
In June-July section, fDi magazine (ForeignDirectInvestment) of Financial Times published two articles on Azerbaijan - Ancient bones and Azeri dreams and At the crossroads of commerce and cultures.
08 July 2006 [09:49]
Azerbaijani President Ilham Aliyev signed a decree to make amendments to "Presidential decree September 2, 2002 on improvement of licensing some activities."
08 July 2006 [09:47]
20 families are going to sue Bp Company taking as base violation of their rights in the territory of Azerbaijan's Hajigabul region Ranjbar village Baku-Supsa Pipeline passes.
08 July 2006 [09:38]
A delegation of Azeri entrepreneurs will visit Chelyabinsk in September this year.
08 July 2006 [09:37]
International Bank of Azerbaijan (IBA) will continue using MIDAS software by this year's end.
07 July 2006 [22:16]
On the sidelines of the summit of the Global Alliance for Information and Communication Technologies and Development held in Kuala Lumpur, Azerbaijani Minister of Communication and Information Technologies met with Jamaluddin Jarjis, Minister of Science, Technology and Innovation of Malaysia.
07 July 2006 [20:46]
Europe may be fed its gas supply from and through the Caspian region as Russian gas remains shaky and investment in the Caspian region grows.
07 July 2006 [15:32]
The Azerbaijan International Operating Company's gas output more than doubled in the first half of 2006 compared to the same period of last year.
07 July 2006 [15:28]
US Deputy Secretary of Energy Clay Sell will attend the official opening of the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline in Turkey on July 13, according to Turkish reports.
07 July 2006 [15:25]
The head of the Micro Finance Bank of Azerbaijan (MFBA), a leading micro-finance provider and commercial bank of the country, will step down to take another position.
07 July 2006 [15:21]
Azerbaijan topped all other former Soviet republics for economic growth in the first five months of 2006.
07 July 2006 [02:01]
New manager of World Bank Office in Azerbaijan, Gregory Jedzejczak took his post on Thursday.
07 July 2006 [02:00]
Azerbaijani government and the World Bank are expected to sign US$29.2mn-credit agreement on the Project of Development and Crediting of Agriculture II in September this year.
07 July 2006 [01:51]
The mammoth Baku-Ceyhan pipeline from Azerbaijan to the Mediterranean is a step toward freeing Caspian oil from Russia's stranglehold but the grip will not be broken until Kazakhstan finds new export routes, analysts say.
07 July 2006 [01:45]
As of July 1, except Operating Companies and Joint Ventures, the SOCAR per se has 6157 wells in operation.
07 July 2006 [01:44]
Azerdemiryolbank JS Commercial Bank has completed distribution of multipurpose credit allocated by the Black Sea Trade and Development Bank (BSTDB).
07 July 2006 [01:22]
Azerbaijani Improtex Motors Company intends to bring new BMW X3, BMW Z4, and 3-series model-BMW Coupe models to Azerbaijan shortly.
07 July 2006 [01:20]
A board meeting took place at the Ministry of Communications and Information Technologies.
07 July 2006 [01:20]
SOCAR Marketing and Economic Operations Office had announced a competition for conduct of consulting for adaptation to ISO 9001:2000 international standards.
07 July 2006 [01:16]
On Thursday Azerbaijani State Caspian Sea Shipping Company (ACSSC) and Russian Krasnoye Sormovo Shipyard signed a document on handing-over of newly-built Koroghlu Tanker to Azerbaijan.
07 July 2006 [01:05]
The last preparation works related to the official opening of Baku-Tbilisi-Ceyhan Main Export pipeline to be held in Ceyhan port of Turkey, are ongoing.
06 July 2006 [21:06]
Obrascon Huarte Lain SA said its Czech unit OHL ZS has been awarded a 55.7 mln eur contract from the Republic of Azerbaijan government to rebuild a 24-kilometre stretch of motorway from Baku, the country's capital, to the Russian border.
06 July 2006 [20:40]
Turkey will miss an agreed deadline for starting to import natural gas from Azerbaijan, an Azerbaijan government official said Thursday.
06 July 2006 [11:42]
The Azeri State Oil Company (SOCAR) produced 4.45m tons of oil in the first six months of 2006 against the target of about 4.36m tons, or 2% over the projection.
06 July 2006 [11:40]
The automobile plant in Azerbaijan's second largest city, Ganja, has suspended its cooperation with UAZ company on manufacturing SUVs.
06 July 2006 [10:54]
Georgia oil officials announced about export of Iran's natural gas to this country.
06 July 2006 [02:24]
Oil jumped to a record high above $75 a barrel on Wednesday on strong U.S. demand and ongoing tensions over Iran's nuclear program.
06 July 2006 [02:19]
Azerbaijan is not going to re-export to Georgia natural gas bought from Russia's Gazprom.
06 July 2006 [02:13]
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0.8940/$1.
06 July 2006 [01:57]
An auction on placement of short-term bonds of National Bank with the state registration number 50102712S was held at Baku Stock Exchange on Wednesday.
06 July 2006 [01:53]
Azerbaijani authorized credit institutions received 113 official appeals from the citizens about mortgage crediting within 4 months.
06 July 2006 [01:41]
1.6bn kilowatt/h of electricity was generated in energy system of Azerbaijan in June this year.
06 July 2006 [01:40]
Ministry of Taxes of Azerbaijan implemented the tax forecast by 104.2% in January-June and AZN 1026.7 mn was brought to the state budget against the forecast of AZN 985.6 mn.
06 July 2006 [01:38]
SOCAR sold 444 177 tons of diesel to Total Company of France in January-June in January-June.
06 July 2006 [01:37]
State Oil Company of Azerbaijan (SOCAR) sold 87 044 tons of gasoline to Petrofarm Company of Singapore in January-June.
06 July 2006 [01:35]
BNP Paribas Bank of France intends to join investment projects concerning improvement of infrastructure in Azerbaijan.
06 July 2006 [01:32]
Azerbaijani Improtex Marine&Sport Facilities Company plans to bring new models of Sport Bike R1, Sport Bike R6 and VMax Chopper sports motorbikes to Azerbaijan in July.
06 July 2006 [01:30]
Avtol Motors intends to bring new Cabriolet C70 model of Volvo to Azerbaijan.
05 July 2006 [20:50]
The delegation of Azerbaijan led by Minister of Finance Samir Sharifov arrived July 4 on an official visit to Turkey.
05 July 2006 [16:43]
Georgian-Azerbaijan inter-governmental economic commission will hold meeting in autumn of this year. Prime Minister of Azerbaijan Artur Rasizadeh told in the meeting with Prime Minister of Georgia, Zurab Nogaideli.
05 July 2006 [12:14]
French telecommunications major Alcatel plans to open a company in Azerbaijan, its Executive Vice-President Gerhard Richter has told journalists.
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