Business

24 November 2009 [10:44]

U.S. company sells its stake in largest oil project in Azerbaijan

The U.S. company Devon Energy is selling its share in the development of the Azeri-Chirag-Guneshli (ACG) offshore unit in Azerbaijan, hoping to focus on mining projects in the U.S.
23 November 2009 [18:42]

Flydubai accomplishes first flight from Dubai to Baku

Dubai city’s first budget company Flydubai fulfilled its inaugural flight to Baku on Nov. 22.
23 November 2009 [16:32]

Gold hits record above $1,167

23 November 2009 [15:06]

Azerbaijan-Belgium Business Forum held in Baku

Baku hosted the Azerbaijan-Belgium business forum with participation of companies based in Flandria of Belgium on Nov. 23.
23 November 2009 [13:33]

Azerbaijan ready to make discount in gas prices for Turkey: SOCAR

Azerbaijan-Turkey talks on gas price have started today in Baku.
23 November 2009 [12:54]

Azerbaijani parliament to approve 2010 state budget bill in late November

The bill 2010 state budget will be put for discussion in the parliament for approval on Nov. 25, the parliament said.
20 November 2009 [17:38]

Azerbaijan's active population tops 4,330 million

As of Nov. 1, Azerbaijan’s economically active population reached 4,330,000, of which 4, 069,600 are employed, the State Statistical Committee said.
20 November 2009 [15:32]

French companies ‘keen’ to invest in Azerbaijan’s economy

Azerbaijan`s Minister of Economic Development Shahin Mustafayev met a delegation of MEDEF, Movement of the French Enterprises led by Mrs. Pascale Jeannin-Perez.
20 November 2009 [13:12]

Over 56,000 jobs created in Azerbaijan

A total of 56 185 new jobs, including 41,818 permanent jobs were created in Azerbaijan in Jan.-Sept., 2009, the State Statistical Committee said.
20 November 2009 [12:11]

Azerbaijan's energy potential has increased considerably in recent years: president - UPDATE - PHOTOS

President of Azerbaijan Ilham Aliyev attended a ceremony of inauguration of a new power station in Sumgait city of Azerbaijan on Nov. 19.
19 November 2009 [09:21]

Azerbaijani president receives delegation of Movement of French Enterprises

Azerbaijan`s President Ilham Aliyev received a delegation of MEDEF, Movement of the French Enterprises on Nov. 18.
18 November 2009 [13:32]

Baku Metro chief says raising subway fares beyond his powers

The number of Metro users reduced by 10 percent after the price was increased, chief of Baku Metro Tagi Ahmadov said.
18 November 2009 [12:34]

Gold inches up to mark all-time high

Gold prices inched up to touch another record high on Wednesday as inflation worries and economic uncertainties continued to encourage buying.
17 November 2009 [11:50]

Azerbaijani president orders allocating funds to study potential of alternate and renewable energy

Azerbaijan President Ilham Aliyev has issued a decree on additional measures on use of alternate and renewable energy sources in Azerbaijan.
16 November 2009 [16:44]

Azerbaijan has always advocated diversified supply of hydrocarbons: economic expert

Day.Az interview with economic expert, director of Trend Capital news agency Vagif Sharifov.
16 November 2009 [11:26]

Oil gains on demand rise speculation

14 November 2009 [13:32]

Azerbaijani energy minister outlines new directions of hydrocarbons' supply to world markets - UPDATE

Azerbaijani energy minister says Azerbaijan has its own policy of diversification of hydrocarbon supplies.
13 November 2009 [17:33]

Armenian Armed Forces conduct military exercises in occupied Azerbaijani territories

Armenian Armed Forces have begun military exercises in the occupied territories of Aghdam again.
13 November 2009 [16:58]

Azerbaijan may offer securities to compensate for Soviet-era bank savings

The Soviet-era bank savings of population may be returned in the form of securities, said Rufat Aslanli, Chairman of the State Committee on Securities.
13 November 2009 [16:13]

Eastern Partnership program's first meeting involving Azerbaijan to be held in Brussels

Eastern Partnership (EaP) Civil Society Forum will hold its first meeting in Brussels on Nov. 16-17.
13 November 2009 [11:52]

Bulgaria may launch joint venture to transport Azerbaijani gas

Bulgaria may launch joint venture to transport Azerbaijani gas.
13 November 2009 [09:21]

Azerbaijani parliament completes discussion on 2010 state budget bill

The Parliament of Azerbaijan completed discussion on 2010 state budget blueprint.
12 November 2009 [11:26]

Gold prices set a new record

11 November 2009 [17:40]

Azerbaijan, Iran sign a memorandum on gas exports

Azerbaijan and Iran have signed a memorandum on supply of natural gas.
11 November 2009 [16:14]

Azerbaijani to build trade and logistics centre in Minsk

An Azerbaijani trade and logistics centre will be built in the Minsk region, Acting Chairman of the Economy Committee of the Minsk Oblast Executive Committee Vita Tsivilskaya said.
11 November 2009 [09:48]

Oil rises above $80 a barrel after hurricane disrupts

Oil prices fell on Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida, Reuters reported.
10 November 2009 [16:42]

Azerbaijan's economy demonstrated high resistance to crisis: Central Bank

Azerbaijan’s parliament (Milli Majlis) discussed the state budget bill for 2010 on Nov. 10.
10 November 2009 [14:33]

Azerbaijan may participate both in South Stream and Nabucco: German expert

Day.Az interview with fellow at German Council on Foreign Relations Stefan Meister.
10 November 2009 [13:57]

Azerbaijani parliament starts to debate 2010 state budget

Azerbaijan’s parliament (Milli Majlis) has started to discuss the state budget bill for 2010.
10 November 2009 [11:56]

Azerbaijan's Culture and Tourism Ministry attends 'World Travel Market' tourism exhibition

The 'World Travel Market' international traditional tourism exhibition will feature also a stand of Azerbaijan.
10 November 2009 [10:33]

Baku to host Azerbaijan-Germany business forum on ecology

Azerbaijan-Germany business forum entitled “Technology for cleaning environment from Germany” will be held in Baku on Nov. 11, Azerbaijan-Germany Economic Union (DAWF) said.
07 November 2009 [11:49]

Oil prices drop below $78 a barrel

Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983, AP reported.
05 November 2009 [12:14]

Azerbaijani Transport Ministry to attend Russian Railways bicentennial anniversary celebrations

The bicentennial anniversary of the Russian railway will be widely celebrated in Moscow from November 18 to 20, press service of the Azerbaijan Ministry of Transport said.
04 November 2009 [16:28]

Gold prices hit all-time high

04 November 2009 [15:42]

Azerbaijan's state oil fund ranks high in int'l transparency index

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) ranks among the highest in the Linaburg-Maduell Transparency Index.
04 November 2009 [13:48]

SOCAR plans to buy oil refinery in Italy

The State Oil Company of Azerbaijan Republic (SOCAR) plans to buy “significant” part of stakes of an oil refinery in Italy, SOCAR top manager said.
04 November 2009 [11:46]

Azerbaijan leads for GDP growth among CIS countries

Azerbaijan led for GDP growth among CIS countries for the first nine month of 2009, the State Statistics Committee said.
03 November 2009 [12:56]

Obama says unemployment may rise in U.S.

02 November 2009 [17:23]

Volume of Azerbaijan's defense expenditures released

Azerbaijan’s state budget for 2010 envisages 24, 945, 644 manat for improvements in salary and pension benefits in the defense and security sector, and financing social measures.
02 November 2009 [14:14]

Azerbaijani parliament to discuss bill on 2010 state budget for four days

The Bill on Azerbaijan’s state budget for 2010 will be discussed in the parliament for four days.
02 November 2009 [10:53]

Prices on domestic flights up in Azerbaijan

Prices on domestic flights have increased in Azerbaijan, Azerbaijan Airlines (AZAL) Spokesperson Maharram Safarli said.
31 October 2009 [12:05]

Route of Azerbaijani gas to Western channels lies through Turkey: Turkish energy minister

“One should not forget that every country has alternative sources of gas,” Turkey’s Energy Minister Taner Yildiz said in an interview with local NTV TV channel.
30 October 2009 [18:40]

Prices in Baku secondary housing market released

Participants of the Property Market Public Union has released results of the monitoring into the secondary housing market in the Azerbaijani capital conducted in Sept. 2009.
30 October 2009 [17:18]

Bread prices may fall in Azerbaijan

There is a need to reduce prices on bread in Azerbaijan, Azerbaijani Agriculture Minister Ismat Abbasov said at a news conference.
30 October 2009 [15:03]

Greece ready to share experience in use of alternative energy sources with Azerbaijan

Azerbaijani Deputy Minister of Industry and Energy Gulmammad Javadov met Thursday the Greek ambassador to Azerbaijan Ioannis Metaxas to discuss prospect for further cooperation.
29 October 2009 [16:27]

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

Participants of the Property Market Public Union has released outcomes of the monitoring into the first housing market in Baku for September 2009.
29 October 2009 [12:23]

Armenia's foreign debt composes almost half of country's GDP

Armenia’s national debt has almost doubled.
28 October 2009 [11:12]

Azerbaijan attends International Association of Insurance meeting

The 16th annual conference of the International Association of Insurance Supervisors was held in Rio de Janeiro, Brazil on Oct. 21-24.
28 October 2009 [10:55]

Azerbaijan's Central Bank will be participant of Organized Interbank Credit Market

The Baku Interbank Currency Exchange (BBVB) has announced a new stage in development of Organized Interbank Credit Market (OICM) operating in its e-trading system BEST.
27 October 2009 [18:10]

Baku-Astrakhan-Baku flight launched

“Azerbaijan airlines”, AZAL, has launched today Baku-Astrakhan-Baku flight.
26 October 2009 [17:38]

Baku Metro to build three more stations

Baku Metro management is preparing to build a metro station "Mushfig", "Javadkhan", "Bus Station”, chief of the Baku Metro Tagi Ahmadov said in an interview with state media.
24 October 2009 [12:58]

Kazakhstan will be a part of the Nabucco Project: Turkish president

Turkish President Abdullah Gul said Friday there were strong reasons for Turkey and Kazakhstan to work together, Anadolu Agency reported.