Business

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.
08 January 2010 [10:50]

Samuel Lussac: The Future of Nabucco relies on the relations between Azerbaijan and Turkey

PhD candidate at Bordo-based Institute of Political Studies Samuel Lussac expressed his view on the recently activated gas transportation from Azerbaijan to Russia.
07 January 2010 [19:12]

SOCAR ready to launch drilling new exploration wells in Caspian Sea

The State Oil Company of Azerbaijan (SOCAR) has finished full upgrade of Platform #29 on Bulla Daniz field.
06 January 2010 [18:45]

SOCAR exported over 139,000 tons of crude from Novorossiysk seaport

The State Oil Company of Azerbaijan (SOCAR) exported more than 139,442 tons of crude oil from the Novorossiysk port in Dec., 2009, Marketing and Financial Operations Department said.
06 January 2010 [17:21]

Azerbaijani banks' assets hit all time high

The Central Bank of Azerbaijan has announced new record level of domestic commercial banks' assets - $13.905 bn on exchange rate as of 1st December 2009 (AZN 0.8025 to the US dollar).
06 January 2010 [11:33]

Azerbaijan state oil company boosts aircraft fuel exports

The State Oil Company of Azerbaijan (SOCAR) exported 11 612 tonnes of gasoline, 98 333 tonnes of diesel fuel and 6 334 tonnes of aircraft fuel in Dec.
05 January 2010 [16:55]

Turkey unveils price difference it will pay for Azerbaijan's natural gas

Turkey has announced it will pay price difference for natural gas Azerbaijan supplied to Turkey during 2009 at a low price because the parties failed to agree a new price during the year, Zaman reported.
05 January 2010 [16:24]

Azerbaijani initial provider launches WiMAX Internet services

Delta Telecom Company has launched commercial exploitation of WiMAX Internet services, the company said.
05 January 2010 [15:21]

Azerbaijan exports about 250,000 kw per hour of electricity to Russia a day

Azerenergy Public Union exports 200,000-250,000 kilowatt-hours of electricity per day to Russia, Azerenergy Vice-president Marlen Asgarov said at a news conference today.
05 January 2010 [12:05]

Energy security specialist: Nabucco project should be priority for Azerbaijan

Day.az interview with John Roberts, an energy Security specialist from Platts, global provider of energy information.
05 January 2010 [10:00]

Azerbaijan has rich gold deposits

04 January 2010 [16:35]

Economic expert: Azerbaijan may consider possibility of exporting its gas to China

Day.az interview with Vagif Sharifov, economic expert, director of Trend Capital news agency.
04 January 2010 [11:27]

New shipyard 'will boost' shipbuilding industry in Azerbaijan

A state-of-the-art shipyard to be built in Azerbaijan would boost the shipbuilding industry in the country, head of State Maritime Administration Gudrat Gurbanov said.
04 January 2010 [10:16]

Azerbaijan negotiates export of 27 types of defense products

Azerbaijan’s Ministry of Defense Industry is increasing production and is negotiating the export of its products, Defense Industry Minister Yavar Jamalov said.
01 January 2010 [19:43]

Azerbaijan launches gas export to Russia

Azerbaijan has launched natural gas export to Russia from 11.00am on January 1, 2010.
30 December 2009 [15:15]

BSEC energy ministers to meet in Sofia

30 December 2009 [14:42]

Azerbaijan Railways has applied method unique in CIS area

Day.Az interview with Head of Azerbaijan Railways Arif Asgarov.
30 December 2009 [10:44]

Azerbaijan Economists Club launched

30 December 2009 [10:29]

Azerbaijani president decrees to write off populations's natural gas debts

Azerbaijani President Ilham Aliyev has signed a decree to write off population's debts for natural gas accrued as at October 1, 2009.
28 December 2009 [14:10]

Bridges without precedent in CIS launched in Azerbaijan

The Azerbaijani Transport Ministry has put two large bridges into operation in the Azerbaijani North-West regions.
26 December 2009 [14:00]

SOCAR president: Azerbaijan to increase gas supply to Russia twice

SOCAR (State Oil Fund of Azerbaijan) will increase gas supplies to Russia twice - up to 1 bilion cubic meters per year in 2010, SOCAR President Rovnag Abdullayev said on Dec. 26.
26 December 2009 [11:32]

New Moscow-Lankaran flight launched

26 December 2009 [11:15]

Azerbaijani president inaugurates newly-rebuilt aeration station - PHOTOS

President of Azerbaijan Ilham Aliyev inaugurated a newly-rebuilt Hovsan aeration station on Dec. 25.
25 December 2009 [14:27]

Japanese gov't funds eight social projects in Azerbaijan

The Government of Japan has allocated 8 more grants, amounting to a total of $763,982, to Azerbaijan to help the country improve its healthcare, educational, environmental and social sectors.
25 December 2009 [10:20]

Azerbaijan exempts grain imports from VAT and customs duties

The Government of Azerbaijan has passed a decision to free from VAT and customs duties the grain products imported for the State Grain Stock.
24 December 2009 [16:00]

Azerbaijan national oil company acquires 30 gas stations in Ukraine

The State Oil Company of the Azerbaijan Republic (SOCAR) bought 30 gas stations in Ukraine, Ukrainian Ambassador to Azerbaijan Boris Klimchuk said today at a press conference in Baku.
23 December 2009 [14:15]

Azerbaijani president decrees to apply law on living-wage for 2010

Azerbaijani President Ilham Aliyev has decreed to apply a Law on Living Wage for 2010.
23 December 2009 [09:56]

Azerbaijani president inaugurates Sumgayit Techno Park - PHOTOS

On Dec. 22, President of Azerbaijan Ilham Aliyev launched a number of facilities built within the first phase of plans to create a techno park in Sumgayit.
22 December 2009 [13:42]

Azerbaijan's 2010 public budget approved

Azerbaijan's 2010 state budget was approved with a deficit limit of 1.249 billion manat.
22 December 2009 [11:37]

Baku hosts int'l conference on global financial crisis

An international conference on Global Financial Crisis: Azerbaijan`s Model of Economic Security and World Practice started in Azerbaijan State Economic University (ASEU) on Dec. 21.
21 December 2009 [09:51]

Azerbaijan, UAE to discuss economic, trade and technical cooperation

Abu Dhabi will host Monday the 2nd meeting of an Azerbaijan-UAE intergovernmental commission on economic, trade and technical cooperation.
19 December 2009 [10:23]

Iranian ambassador: Iran, Azerbaijan need new gas pipeline

Iran transfers most of part of Azerbaijani natural gas it receives to Nakhchivan Autonomous Republic, and uses the rest for its domestic needs, said Iranian Ambassador to Azerbaijan Mohammad Baghir Bahrami.
19 December 2009 [09:44]

Azerbaijan, WB sign loan agreement worth $450 million

Today, the World Bank (WB) and the Azerbaijani government signed loan agreements worth $450 million on the project promoting rail transit and trade in Azerbaijan.
18 December 2009 [18:23]

Azerbaijani PM: Azerbaijan enjoys good relations with Russia's regions

Azerbaijan's Prime Minister Artur Rasizade met visiting chairman of government of Russia's Astrakhan oblast Konstantin Markelov on Dec. 18.
18 December 2009 [15:38]

ADB, Azerbaijanigovernment sign new loan agreement

The government of Azerbaijan and Asian Development Bank (ADB) signed loan agreement on the first tranche worth $75 mln as a part of Water Supply and Sanitation Investment Program.
18 December 2009 [15:06]

Azerbaijan, Russia to resume ferry communication

The delegation of the Astrakhan Oblast of Russia visiting Baku currently has had meetings in the Ministry of Transport and Azerbaijan State Caspian Company (Kaspar).
18 December 2009 [12:32]

Russian expert: Russia to back supply of Azerbaijani gas to Iran

Professor at the Moscow State Institute of International Relations Igor Tomberg says Azerbaijan and Iran may maintain long-term cooperation in gas sphere.
18 December 2009 [12:14]

Azerbaijan to buy two dreamliner planes

Azerbaijan`s State Civil Aviation Administration says the country has placed an order to buy Boeing's two new 787 Dreamliner passenger aircrafts.
18 December 2009 [11:13]

Azerbaijan's Transport Ministry, Korean agency sign protocol to build bridge over Baku bay

Azerbaijan’s Ministry of Transport and the Korean International Cooperation Agency (KOICA) have signed a protocol on implementation of the Baku Bay Sea Bridge Project, said the Secretariat of the Ministry.
18 December 2009 [10:22]

SOCAR opens another gas station in Georgia

President of Azerbaijan`s state oil company, SOCAR, Rovnag Abdullayev has inaugurated SOCAR's another gas station in Georgia.
17 December 2009 [14:21]

Azerbaijani defense industry minister: We have launched production of unmanned aerial vehicles

APA’s interview with Azerbaijan’s Minister of Defense Industry Yavar Jamalov.
16 December 2009 [15:17]

USAID to help Azerbaijan boost NGOs

15 December 2009 [18:42]

Azerbaijan, Iran sign gas contract

15 December 2009 [17:53]

Baku-Tbilisi-Kars project progresses on schedule

The construction of the Baku-Tbilisi-Kars (BTK) railway project has continued to progress on schedule, BNE Portal quoted the chief engineer of Azerbaijan Railways JSC Gurban Nazirov as saying.
15 December 2009 [15:16]

Average price on non-residential premises in Baku made public

Azerbaijan's Participants of the Property Market Public Union has released outcome of November monitoring into the market of non-residential premises.
15 December 2009 [13:12]

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 November monitoring into the first housing market in Baku.
15 December 2009 [12:23]

Azerbaijan, Iran agree to expand cooperation in gas sphere - UPDATE

Azerbaijan's Foreign Minister Elmar Mammadyarov has paid an official visit to Iran.
14 December 2009 [16:27]

Azerbaijan announces most sold car brand in country

Azerbaijan Participants of Property Market Public Union has completed the November monitoring into market of used cars in Baku.