Business
10 July 2009 [13:30]
Azerbaijan plans to enter the World Trade Organization with status of developing country, Azerbaijani Deputy Foreign Minister Mahmud Mammadguliyev said in Geneva at a final meeting of the working group on Azerbaijan’s WTO admission.
10 July 2009 [10:59]
Azerbaijan is prepared to establish long-term business contacts with Turkmen partners, SOCAR President Rovnag Abdullayev said at a meeting with Turkmen President Gurbangulu Berdimuhammedov.
10 July 2009 [10:48]
Azerbaijan, Iraq and Egypt will become the main suppliers to the EU-backed Nabucco gas pipeline, delivering 15 billion cubic meters of gas per year from 2015, Wolfgang Ruttenstorfer, Chief Executive of the Austria’s OMV, member of Nabucco Gas Pipeline International GmbH consortiumm, said.
10 July 2009 [10:34]
Syrian President Bashar al-Assad said at the Azerbaijan-Syria business forum in Baku that Syria will buy Azerbaijani gas.
10 July 2009 [09:43]
World oil prices increased slightly on July 9 on the backdrop of weak demand in large economies.
10 July 2009 [08:44]
Azerbaijani Industry and Energy Minister Natig Aliyev has met with the UAE Foreign Minister Abdullah bin Zayed al Nahyan.
09 July 2009 [16:42]
“State Agency for Control over Consumer Market at the Azerbaijani Economic Development Ministry monitors prices on consumer market twice a week.,” head of the agency Zahid Isayev said.
09 July 2009 [14:06]
Azerbaijani Association of Tourism Agencies is preparing package of proposals to cancel VAT for tourism companies.
09 July 2009 [11:23]
Azerbaijan’s oil refineries produced 2.983 million tons of oil in January-June 2009, according to the SOCAR.
09 July 2009 [08:35]
Total, French oil company, has stopped activity in Azerbaijan.
08 July 2009 [16:30]
Gas supply to Armenia was suspended on July 8.
08 July 2009 [15:07]
Trend Capital interview with SOCAR Marketing and Economic Operations Department (MEOD) Director General Tofig Gahramanov.
08 July 2009 [13:45]
Azerbaijani State Committee for Standardization, Metrology and Patents has appealed all governmental agencies to toughen control over imports of Chinese subquality children’s toys which are harmful for health.
08 July 2009 [12:06]
Nearly 60 hotels operating without license have been shut down in Azerbaijan.
08 July 2009 [11:43]
Presently, the Caspian Sea represents great interest from the point of view of energy issues for many nations, including Russia.
08 July 2009 [10:39]
Oil prices keep on falling for the sixth consecutive days on backdrop of rise in gasoline reserves in the U.S. and fall in stock markets, Bloomberg reported.
08 July 2009 [09:22]
As of June 1, 2009, average interest rate on physical persons’ deposits in national currency reached 12 percent, Azerbaijani Central Bank said.
07 July 2009 [17:58]
Azerbaijan and European Union (EU) signed an agreement on cooperation in the field of aviation, which enables EU air companies to organize flights to Azerbaijan, APA-ECONOMICS reports.
07 July 2009 [15:25]
Belarus Prime Minister Sergei Sidorski will pay one-day visit to Baku to discuss prospects of economic cooperation, the Azerbaijani government said.
07 July 2009 [13:40]
Participants of the Estate Market public union completed the monitoring into situation in the market of non-residential facilities conducted in June in Baku.
07 July 2009 [10:30]
Azerenerji has generated nearly 1.3 billion kilowatt hours of energy in June 2009.
04 July 2009 [10:53]
Total investments in Azerbaijani economy by Turkey has reached $6 billion.
03 July 2009 [17:05]
Azerbaijan is ready for real cooperation in energy security with EU countries, including Romania, Azerbaijani energy minister Natiq Aliyev said at the meeting with Romania's minister of economy Adrian Videanu on July 3.
03 July 2009 [16:27]
According to the CIS Inter-Governmental Statistics Committee, Azerbaijan is the only CIS member state with growth of commercial production which totals 1.3 percent.
03 July 2009 [16:12]
Intergovernmental accord for the Nabucco gas pipeline will be signed on July 13, Romania's Economy Minister sai. Novosti Azerbaijan quoted Reuters as saying.
03 July 2009 [15:13]
Though value of a travel in Baku Metro is 0.65 manat with the current tariff totalling 0.05 manat, the fees will not be increased.
03 July 2009 [12:04]
The State Oil Company of Azerbaijan Republic (SOCAR) launched a supply vessel Caspian Server, built by BUE Caspian Alliance in the Norwegian Simek Plant on July 3.
03 July 2009 [12:02]
Saudi Arabia has issued $25 million in loan for Azerbaijan to restore and expand water supply and sewerage system in Azerbaijan’s Absheron peninsula.
03 July 2009 [11:30]
Bakielektrikshebeke [energy distributor in capital] spokesperson Tanriverdi Mustafayev told Day.az.
03 July 2009 [10:58]
Azerenerji: We have not appealed Tariff Council to up cost of electricity for consumers.
03 July 2009 [10:42]
OPEC forecasts the growth of Azerbaijani oil supplies to 1 million barrels per day in the fourth quarter of 2009. Supplies will hit 960,000 barrels a day in the third quarter of 2009, according to forecasts.
03 July 2009 [10:39]
Azerbaijan will play an important role in providing future energy supplies to Europe, Vice-President of the German company on development of fields Manfred Dworatzek said at the opening ceremony of the RWE Baku office.
03 July 2009 [10:13]
World oil prices significantly dropped on July 2 against the backdrop of disappointing reports on the labor market in the United States, which could hamper the process of rebuilding the world economy.
03 July 2009 [09:14]
Azerbaijani President’s decree on elimination of Azerigaz and transfering it to the SOCAR ownership aims to up efficiency of gas transport and gas supply in country’s regions.
02 July 2009 [17:49]
BSEC deputy foreign ministers are likely to meet in Baku this month. Novosti Azerbaijan quoted organization’s Web site as saying.
02 July 2009 [15:15]
European Union delays implementation of the Eastern Partnership program, Sweden’s Prime Minister Fredrik Reinfeldt said.
02 July 2009 [14:05]
The Turkey-Greece-Italy (TGI) gas pipeline, intended to diversify energy deliveries to Europe is a symbol of cooperation in the region, Greek Foreign Minister Dora Bakoyannis said.
02 July 2009 [11:02]
President of Eurogas Domenico Dispenza spoke with Trend Capital in an exclusive interview.
02 July 2009 [10:35]
A delegation headed by Romanian economy minister is paying an official visit to Azerbaijan, according to AzerTac.
02 July 2009 [10:24]
Azerbaijani Bank of Azerbaijan granted mortgage loan this week for the first time since the moment of renewal of mortgage loan program, the bank said.
02 July 2009 [09:39]
President of Azerbaijan Ilham Aliyev has today received French ambassadors accredited in CIS countries.
02 July 2009 [07:59]
“Official Kiev continues talks with SOCAR to import oil products to Ukraine,” Ukrainian President’s special representative on energy issues Bogdan Sokolovsky told journalists, APA’s correspondent reports from Kiev.
01 July 2009 [12:44]
French energy giant GDF Suez S.A. announced on Tuesday it had acquired a 20 percent stake in the exploration, development and production sharing agreement for the Absheron offshore block in the Azerbaijani sector of the Caspian Sea.
01 July 2009 [08:56]
Azerbaijan’s state oil company SOCAR signed an agreement to sell gas to Gazprom, beginning with a relatively modest 500 million cubic meters per year from January 1, 2010, with supplies expected to increase in the future, said Rovnag Abdullayev, President of SOCAR.
30 June 2009 [09:17]
29 June 2009 [14:49]
27 June 2009 [09:43]
Turkish and European Union officials said on Friday they were optimistic agreement could be reached soon on bringing Turkey into the planned Nabucco gas pipeline project.
27 June 2009 [08:30]
25 June 2009 [17:08]
With support from Azerbaijan’s embassy in the UK, Adam Smith Conferences will be holding the 1st International Azerbaijan Investment Summit in London from December 8th -10th 2009.
25 June 2009 [16:51]
25 June 2009 [09:01]
Azerbaijan and Kuwait are willing to enhance economic cooperation.
24 June 2009 [12:00]
The U.S. Department of State Special Envoy for Eurasian Energy Richard Morningstar spoke in an exclusive interview with Trend News.
24 June 2009 [09:14]
The United States do not give preferences to any pipeline project - either Nabucco or South Stream, said US special envoy on energy issues in Eurasian region Richard Morningstar Tuesday.
23 June 2009 [17:13]
Azerbaijan-China business forum has been organized in Baku by the Chinese federation of industrialists and tradesmen and Azerbaijan Entrepreneurs Confederation.
23 June 2009 [08:39]
Donbassaero company (Donetsk) intends to open a regular Odessa-Baku flight from June 26.
20 June 2009 [11:41]
Azerbaijan foresees its future in use of oil profit to develop non-oil sector of economy despite oil factor plays big role, minister of economic development Shain Mustafayev said.
19 June 2009 [16:30]
19 June 2009 [14:29]
Azerbaijan’s agency to protect author's rights and the representative office of Microsoft in Azerbaijan are preparing a joint program to combat piracy, said head of the agency Kamran Imanov.
19 June 2009 [10:57]
As at June 1, Azerbaijan’s economically active population reached 4 324 100, of which 4 063 000 are employed, said the State Statistical Committee.
19 June 2009 [09:37]
19 June 2009 [08:55]
In January-May of 2009 investments to country’s oil sector topped over 27% of the total investments into country’s economy, reports Novosti-Azerbaijan with reference to the State Statistical Committee.
18 June 2009 [17:38]
18 June 2009 [16:05]
The European Bank for Reconstruction and Development intends to finance Nabucco gas project, said manager on energy business Riccardo Puliti, according to Bloomberg.
18 June 2009 [14:42]
Transnational companies, functioning in Azerbaijan, mostly hamper the creation of trade unions, said chief of department of labor protection, chief technical inspector of labor at the Confederation of Trade Unions of Azerbaijan Vladimir Argutkin.
18 June 2009 [12:25]
18 June 2009 [08:49]
The Azerbaijan Mortgage Fund, functioning at the Central Bank of Azerbaijan, starts issuing privileged mortgage loans, according to the Azerbaijan Mortgage Fund, Novosti-Azerbaijan reports.
17 June 2009 [12:51]
Central Bank of Azerbaijan together with Azerbaijani training center will hold the forum Governance of risks in commercial banks in terms of global financial crisis on June 20, Azerbaijani training center marketing manager Nazim Mammadli said on June 17.
17 June 2009 [10:48]
Azerbaijan's Industry and Energy Minister Natik Aliyev will visit the capital of Kazakhstan-Astana on June 24-25, said sources in the Kazakh embassy to Azerbaijan.
17 June 2009 [08:56]
The placing of rated non-documentary, ensured, nominal bonds of the Azerbaijani Mortgage Fund started yesterday, according to sources in the Baku Stock Exchange.
17 June 2009 [08:49]
In January-May of this year Azerbaijan's GDP grew 4.4% over the same period of 2008 hitting AZN 11.366 bln (about USD 14.14 bln).
16 June 2009 [10:01]
The capacity of the Baku-Tbilisi-Ceyhan pipeline will be increased from current 1.2 million barrels to 1.6 million barrels per day in 2010, Azerbaijani Industry and Energy Minister Natig Aliyev said.
16 June 2009 [08:39]
A price of $60-70 per barrel of oil is efficient for implementation of investment programs and production of hydrocarbons in Azerbaijan, President of SOCAR Rovnag Abdullayev told journalists on June 15.
12 June 2009 [13:48]
The employees of the state committee on standardization, metrology and patents have taken samples of goods from trade establishments to reveal low quality and smuggle foodstuffs, according to the press service for this committee.
12 June 2009 [09:06]
The German embassy to Azerbaijan in cooperation with the executive powers of Sheki opened the photo exhibition "Germany is a country of tourism".
12 June 2009 [08:29]
Ecology department of the State Oil Company of Azerbaijan held a presentation of the renewed complex studies lab for representatives of BP Azerbaijan.
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