Business

09 August 2010 [13:25]

AccessBank wins the "Best Bank of Azerbaijan" award

AccessBank won the award for "Best Bank of Azerbaijan" at the annual "Euromoney - Awards for Excellence 2010".
09 August 2010 [12:07]

FIM Bank files appeal against decision on payment of indemnity to Azerbaijan

The appeal filed against Rotterdam Court’s decision on payment of indemnity by FIM Bank of Malta to Azerbaijani government will be considered on September 14.
03 August 2010 [14:55]

Prices not increased on secondary housing market in Baku's districts

The volume of deals on the secondary housing market in Baku in June slightly reduced by 0.3 percent in May, the Public Organization "Property market participants" said.
03 August 2010 [12:03]

Bulgaria keen to launch building Nabucco gas pipeline section

Nabucco gas pipeline project is worth ˆ7.9 billion. Construction of gas pipeline is planned to be launched in 2011, the first supplies - in 2014. Maximal capacity of the pipeline will hit 31 billion cubic meters per year.
30 July 2010 [09:54]

SOCAR opens 3 more petrol stations in Georgia

SOCAR's subsidiary in Georgia - SOCAR Georgia Petroleum Inc. opened three more petrol stations under SOCAR brand.
29 July 2010 [11:06]

Azerbaijan-Turkey Association of Businessmen reps participate in green economics workshop

Deputy Chairman of the Board and Secretary General of the Azerbaijan-Turkey Association of Businessmen (ATIB) Rashad Rasullu attended a green economics workshop held in Frankfurt.
29 July 2010 [10:15]

Turkey's state minister for foreign trade meets Turkish businessmen in Azerbaijan

Turkey's State Minister Responsible for Foreign Trade Zafer Caglayan met Wednesday Turkish businessmen operating in Azerbaijan.
28 July 2010 [15:55]

EU energy commissioner highlights Nabucco's importance

The European Union's Commissioner for Energy has stressed the importance of the Nabucco gas project, saying realizing it is among key priorities for the organization.
28 July 2010 [10:35]

Indian refineries are interested in long-term oil contracts with Azerbaijan

Indian refineries are interested in signing long-term contracts for purchase of Azerbaijani oil, Indian ambassador to Azerbaijan Debnath Shaw said at a press conference on July 27.
27 July 2010 [15:55]

"Azerbaijan-Georgia transport corridor must draw new cargo"

The transport corridor Azerbaijan - Georgia will soon become a real rival to the Russian and Iranian transport corridors, Prime Minister Nika Gilauri said today at a meeting of the Georgian government.
27 July 2010 [15:45]

Western expert: Nabucco to be implemented after production at Shah Deniz project's second stage

Nabucco gas pipeline project, designed to transport gas from the Caspian region and the Middle East to the EU countries will be implemented, but later than planned, Editor-in-chief at Eurasia Energy Observer, Andrej Tibold, said.
27 July 2010 [10:20]

Chinese exports to Azerbaijan grow by almost 50% in January-May

In May 2010, China exported goods to Azerbaijan in amount of $82.601 million.
26 July 2010 [11:25]

SOCAR invests over $470 million in Georgian economy

Reportedly, SOCAR, operating actively in Georgia, has invested in this country about $470 million.
26 July 2010 [09:45]

Azerbaijani investors have second highest amount of foreign investment in Istanbul

The number of foreign investors in Istanbul was up 6.53% in first half of 2010 over the second half of 2009, the chamber of commerce said on Sunday, according to Anadolu Agency.
24 July 2010 [11:17]

SOCAR-Turcas gets license for building refinery in Turkey

On July 23, Ankara hosted a ceremony to grant a license to SOCAR-Turcas JV to build a new refinery in Turkey, SOCAR (State Oil Company of Azerbaijan) reported on July 23.