Business

05 February 2010 [10:45]

Director of the Greek DEPA Gas Corporation: Greece is ready to sign gas agreement with Azerbaijan

Interview with the Chairman and Executive Director of the Greek DEPA Gas Corporation Harry Sachinis, who is on a visit to Baku.
04 February 2010 [16:54]

Azerbaijan to participate in Islamic finance development conference

The Cbonds Information Agency plans to hold an international conference on the "Development of Islamic Finance Tools in CIS Countries," the Baku Stock Exchange reported.
04 February 2010 [16:00]

Azerbaijani deputy FM: Economic Cooperation Organization needs to be reformed

Azerbaijan will take over General Secretariat of the Economic Cooperation Organization (ECO) from 2012, Deputy Foreign Minister Mahmud Mammadguliyev said.
04 February 2010 [13:56]

First meeting of ECO member states' health ministers underway in Baku

The first meeting of ECO member countries' health ministers has today started here.
04 February 2010 [13:18]

Iranian vice-president: Launching Azerbaijan-Turkmenistan-Iran marine passenger route under discussions

Interview with Iranian Vice-President, Cultural Heritage and Tourism Organization Chief, chairman of the Center for Free Economic Zones Hamid Baghai.
03 February 2010 [16:07]

Romania, Azerbaijan discuss energy ties

Head of Azerbaijan's State Oil Company (SOCAR) Rovnag Abdullayev met with Tudor Serban, Romanian Deputy Minister of Economy, Commerce and Business Environment.
02 February 2010 [16:28]

Iran eases rules of trade with Azerbaijan

The Islamic Republic of Iran will ease rules of trade with Azerbaijan, spokesman for the Iranian embassy in Azerbaijan Abbas Isgandari said.
02 February 2010 [14:23]

Azerbaijan, Turkey agree on gas price

Azerbaijan and Turkey have agreed on price of the Azerbaijani gas in the first stage of the Shah Deniz project, Head of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev said today.
02 February 2010 [13:45]

Budapest to host Hungary-Azerbaijan business forum

A Hungary-Azerbaijan business forum will be held on February 22-23 in Budapest.
02 February 2010 [09:36]

Basic pensions for WWII veterans increased in Azerbaijan

The basic portion of the pensions for the WWII participators has been increased by AZN 30, the State Fund of Social Protection said.
01 February 2010 [13:38]

Azerbaijani Minister of Industry and Energy visits United Kingdom

Minister of Industry and Energy of Azerbaijan Natig Aliyev was on a working visit to the United Kingdom on January 27-28, Azerbaijani embassy in London said.
30 January 2010 [11:22]

Azerbaijani transport minister: Kazakhstan, China interested in Baku-Tbilisi-Kars project

Kazakhstan and China show great interest in the Baku-Tbilisi-Kars project, Azerbaijani Transport Minister Ziya Mammadov told journalists in Tbilisi.
29 January 2010 [13:05]

Azerbaijan's military equipment production sees 3-percent rise

Ministry of Defense of Azerbaijan (MDA) held its next board meeting on overall works done in 2009 on Jan. 28, MDA’s press office said.
29 January 2010 [10:42]

Azerbaijani President attends WEF’s “Global Energy Outlook” session

Azerbaijan's President Ilham Aliyev attended the World Economic Forum`s session entitled "Global Energy Outlook" on Jan. 28.
28 January 2010 [10:23]

Azerbaijani President meets RWE's CEO in Davos

Azerbaijan`s President Ilham Aliyev met CEO of RWE Juergen Grossman in Davos, Switzerland on Jan. 27.
28 January 2010 [08:30]

Azerbaijani President meets BP CEO in Davos

Azerbaijan President Ilham Aliyev met BP's Chief Executive Officer Tony Hayward in Davos, Switzerland on Jan. 27.
27 January 2010 [19:05]

Azerbaijan state oil fund's revenues top 8 billion in 2009

Shahmar Movsumov, Executive Director of Azerbaijan's State Oil Fund (SOFAZ) gave a press-conference on January 26 dealt with results of 2009.
27 January 2010 [16:44]

Azerbaijani state oil fund's revenues ‘exceeded $10bn’ last year

Revenues of Azerbaijan`s State Oil Fund exceeded 10 billion dollars in 2009, executive director Shahmar Movsumov told a press conference.
26 January 2010 [18:10]

Azerbaijan poised to launch compressed gas export to Europe

While getting Caspian and Central Asian gas to Europe bypassing Russian soil has proved difficult, that’s not because of a shortage of ideas.
25 January 2010 [18:39]

Average price on non-residential premises in Baku made public

Azerbaijan's Participants of the Property Market Public Union has released outcome of December 2009 monitoring into the market of non-residential premises.
25 January 2010 [15:27]

London to host Azerbaijan-UK Business Forum

Azerbaijan-UK Business Forum on trade and investments is to take place in London on March 8.
25 January 2010 [10:48]

State-run communication companies to be privatized in Azerbaijan

The Ministry of Communication and Information Technology is planning to privatize state-owned communication enterprises.
23 January 2010 [14:50]

Azerbaijan restores gas supply to Russia after pipeline leak repairs

Azerbaijan has restored gas supplies to Russia after a trunk gas pipeline was shut down for a gas leak on Friday, resulting in supply disruptions to local regions and Russia.
22 January 2010 [18:10]

Kazakh President advises to follow Azerbaijan’s example in gas operations

Kazakh President Nursultan Nazarbayev advised to study Azerbaijan's experience in associated gas revenues.
22 January 2010 [17:05]

Azerbaijan expects inflation to move up this year

Inflation is expected to reach 5-7 percent in Azerbaijan at the end of 2010, compared to 1.5 percent in 2009, said Arif Veliyev, chairman of the State Statistical Committee.
22 January 2010 [10:55]

Azerbaijan produced 333 kilograms of gold last year

Azerbaijan, which started industrial production of gold in July 2009, keeps on developing gold extraction.
22 January 2010 [09:34]

ADB official to visit Baku

Director of Urban Services of Asian Development Bank (ADB) Matthew Westfall will arrive in the capital of Azerbaijan on Jan. 22.
21 January 2010 [20:45]

1,202 tons of fish caught in Azerbaijan last year

In 2009, 65 legal entities and individuals received quotas for yield of 2,670 tons of fish in Azerbaijan.
21 January 2010 [18:21]

Average price on one square meters of area in new buildings in Baku released

Azerbaijan’s Participants of Property Market Public Union has released outcomes of the Dec. 2009 monitoring into the first housing market in Baku.
21 January 2010 [15:57]

Georgia to buy Azeri gas for $169 per 1,000 cubic meters

Georgian group of independent experts predicts that natural gas price will go down in the country.
20 January 2010 [18:11]

Azerbaijan to launch major power plant next year

The "Cenub" power station in Shirvan will be commissioned in 2011, said Etibar Pirverdiyev, president of AzerEnerji.
20 January 2010 [12:00]

Azerbaijan state oil company increases own gas export by 26 percent

In Dec. 2009, the State Oil Company of Azerbaijan (SOCAR) increased volumes of gas exports 57.1 percent as compared to 12.1 percent in Nov, the company said.
19 January 2010 [16:42]

Azerbaijan to launch its satellite into orbit in 2012

Azerbaijan Ministry of Communications and Information Technologies has reported the work done in 2009 on launching of own communications satellite.
19 January 2010 [15:36]

Azerbaijan gains right to export black caviar to EU states

The European Commission has included Azerbaijan to the list of countries exporting black caviar to the European Union.
18 January 2010 [18:47]

Indian pharmaceutical officials to visit Azerbaijan early February

Officials of the Indian pharmaceutical companies will visit Azerbaijan early February, Indian ambassador to Azerbaijan Debnath Show said.
18 January 2010 [16:14]

Azerbaijan, Switzerland to discuss prospects for trade and economic cooperation

Bern will be hosting today the 4th meeting of an Azerbaijan-Switzerland intergovernmental commission on trade and economic cooperation.
15 January 2010 [14:45]

PFC Energy: Azerbaijan will be best served with multiple gas export options

Azerbaijan could be a stable and dependable source of gas for Europe if price and transit issues can be solved with Turkey, Julia Nanay, senior director at the Global PFC Energy (Petroleum Finance Company) said.
15 January 2010 [10:46]

Azeri light crude sells for $79.69

14 January 2010 [18:23]

Azerbaijani PM: Energy transit by Southern Corridor needs to be commercially attractive:

Azerbaijani Prime Minister Artur Rasizade urged the participants of the Batumi Energy Conference to make financially attractive energy supply through the Southern Energy Corridor.
14 January 2010 [11:45]

Azerbaijan supplies gas to Russia's pipeline explosion region

Thousands of people in the Russian republic of Dagestan have been left without gas supplies after a bomb attack on a gas pipeline.
13 January 2010 [17:57]

Azerbaijan registers over 20,000 tax legislation breaches in 2009

Last year the Ministry of Taxes kept on taking measures to ensure efficient control over activity of taxpayers.
13 January 2010 [15:33]

Azerbaijan, Iran sign gas contract

SOCAR (State Oil Company of Azerbaijan) and National Iranian Gas Export Company have signed a short-term contract for Azerbaijani gas supplies to Iran.
13 January 2010 [11:06]

SOCAR president meets with head of National Iranian Gas Export Company

Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (SOCAR), hosted a delegation led to Baku by Reza Kasaeizadeh, managing director of the National Iranian Gas Export Company on Jan. 2.
12 January 2010 [13:50]

Gazprom says prepared to raise Azerbaijani gas purchases

Gazprom, Russia's state-run gas giant, pledged on Monday to buy all of the gas exported by Azerbaijan, staking its claim to an expected upsurge in output by the ex-Soviet state amid competition from rivals.
12 January 2010 [10:07]

Azerbaijan launches new auto plant

A new automobile plant NAZ Lifan has been launched in Nakhchivan Autonomous Republic of Azerbaijan.
11 January 2010 [16:19]

Iran increases gas imports from Azerbaijan

The Islamic Republic of Iran will sign a 5-year contract with Azerbaijan to import 5 billion cubic meters of natural gas annually.
11 January 2010 [10:32]

Georgia's energy minister: Kulevi Terminal is owned by SOCAR, it can open here anything it wants

Interview with Georgian Energy Minister Alexander Khetaguri prior to Batumi energy summit to be held on Jan. 14.
09 January 2010 [13:20]

TRACECA announces big projects for 2010

TRACECA (Transport Corridor Europe-Caucasus-Asia), international transport program has unveiled the major projects to be implemented in 2010.
09 January 2010 [11:42]

36.2 million tons of Azerbaijani oil transported via BTC in 2009

The State Oil Company of Azerbaijan Republic (SOCAR) has renewed statistical data on Azerbaijani oil export via the major pipeline Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev.
09 January 2010 [10:27]

1.9 million tons of Kazakh oil transported via BTC pipeline in 2009

Transportation of Kazakh oil via Baku-Tbilisi-Ceyhan (BTC) launched in Oct. 2008 stabilized in Dec. 2009.