Business

15 March 2010 [15:44]

Azerbaijani, Slovak businessmen meet in Baku

Azerbaijani and Slovak business people have come together in Baku to explore prospects for cooperation in a variety of fields.
12 March 2010 [16:35]

Azerbaijan, Bulgaria consider project on compressed gas supply to Europe

The State Oil Company of Azerbaijan Republic (SOCAR) continues negotiations on the transportation of compressed natural gas (CNG) to Europe.
11 March 2010 [00:08]

Ganja automobile plant to launch production of communal vehicles

Ganja Automobile Plant (Azerbaijan) and German Haller Company signed a protocol of intention for production of communal equipment on basis of MAZ cars, assembled at the plant in Azerbaijan, director of Ganja automobile plant Hanlar Fatiyev said.
10 March 2010 [18:29]

President Ilham Aliyev receives RWE AG's chairman of management board

President of Azerbaijan Ilham Aliyev has today received Chairman of the Management Board of RWE AG Juergen Grossmann.
10 March 2010 [16:44]

Libyan-Azerbaijani business forum held in Tripoli

Libyan-Azerbaijani business forum took place in Tripoli.
10 March 2010 [14:39]

RWE: Developing perspective offshore Nakhchivan field in Azerbaijan to contribute to Nabucco project

Development of perspective offshore structure Nakhchivan by German RWE can contribute to implementation of Nabucco project, RWE board chairman Juergen Grossmann said today in Baku.
10 March 2010 [13:24]

German RWE signs memorandum on perspective offshore field development in Baku

SOCAR (State Oil Company of Azerbaijan) and German RWE signed a memorandum of understanding for perspective offshore Nakhchivan field in the Azerbaijani sector of the Caspian Sea.
10 March 2010 [10:05]

Azerbaijan government to introduce Euro-2 standards

Azerbaijani Cabinet of Ministers has made a decision to bring the requirements on emissions of hazardous substances by cars into conformity with the European standards.
08 March 2010 [15:30]

Azerbaijan State Caspian Sea Shipping Company expects the cost of Azerbaijani marine vessels to be lower than world level

The Azerbaijan State Caspian Sea Shipping Company expects reduction of costs in connection with refuse of purchase of vessels abroad.
08 March 2010 [14:48]

Azerbaijan develops new strategy of development of electronic payment systems

The Central Bank of Azerbaijan (CBA) is going to stimulate the further development of electronic payment system of the country.
05 March 2010 [18:09]

Azerbaijani President opens newly-reconstructed Dalga enterprise

President Ilham Aliyev has today attended opening of newly-reconstructed Dalga enterprise of the Defense Industry Ministry`s Ufug Production Association.
05 March 2010 [16:34]

Central Bank: 15-20 banks enough for Azerbaijan

15-20 banks are enough for the economy of Azerbaijan, Alim Guliyev, First Deputy Chairman of the Board of the Central Bank of Azerbaijan (CBA), reported on Friday.
05 March 2010 [08:24]

Korean transport minister to discuss infrastructure projects in Baku

Minister of Land, Transport and Maritime Affairs of Korea Chung Jong-Kwan will visit Baku on March 10-12, the ambassador of Korea to Azerbaijan Lee Ji-Ha briefed the media on March 4.
04 March 2010 [18:49]

SOCAR President meets UK energy minister

President of Azerbaijan state-run energy company, SOCAR, Rovnag Abdullayev met Wednesday visiting Lord Hunt, UK Minister of State for the Department of Energy and Climate Change.
04 March 2010 [18:18]

Baku hosts twinning project seminar

A twining project seminar entitled “Legislation Process and Cooperation between Executive Authorities and Parliament: experience of European Union member countries” was held here on Wednesday.
04 March 2010 [15:06]

IDB president: Bank's activity in Azerbaijan appraised as positive

Interview with President of the Islamic Development Bank (IDB) Dr. Ahmad Mohamed Ali Al-Madani.
04 March 2010 [11:47]

Azerbaijan's national oil company studies possibility of introducing GIS in oil industry

The State Oil Company of Azerbaijan Republic (SOCAR) considers the proposal of the Integris Company on the introduction of geographic information systems (GIS) in the oil and gas companies, the company said.
04 March 2010 [10:38]

WB-Azerbaijan partnership strategy with government and NGOs to be discussed in April

The process of development of new Country Partnership Strategy (CPS) is still at preliminary stage.
03 March 2010 [22:10]

Caspian security to be discussed in Baku

There are plans to hold next meeting at the level of deputy foreign ministers of the Caspian countries in Baku on March 11-12, Deputy Foreign Minister of Azerbaijan Khalaf Khalafov briefed the media on March 3.
03 March 2010 [20:50]

Deputy minister: Syria ready to deliver Azerbaijani gas to Middle East and Europe

Syria and Azerbaijan have signed a deal on delivery of Azerbaijani gas to the Middle East and other countries, Syrian Deputy Minister of Petroleum and Mineral Resources Hasan Zeinab said.
03 March 2010 [19:51]

IMF backs Azerbaijan Central Bank's program on reduction in number of banks

The International Monetary Fund (IMF) has come up with recommendations on consolidation of banking system of Azerbaijan.
03 March 2010 [19:22]

IMF predicts 4-percent inflation in Azerbaijan this year

The International Monetary Fund (IMF) forecasts rise in inflation in Azerbaijan by the end of 2010.
03 March 2010 [18:35]

Azerbaijani PM: Azerbaijan-Russia goods turnover to exceed $2 billion in 2010

Azerbaijani Prime Minister Arthur Rasizade met with First Deputy Prime Minister of the Russian government and National Coordinator of Russia in CIS Igor Shuvalov on March 3.
03 March 2010 [11:00]

EU to allocate more than 120 million euros to Azerbaijan

Over EUR 5.7 billion will be allocated in the next three years to reinforce political cooperation and promote economic integration between the EU and its neighbours.
01 March 2010 [12:06]

Azerbaijani government stores part of gold in Switzerland

Nearly 68 of 540 kilograms of gold extracted from country’s Gadabay deposit belongs to the Azerbaijani Government.
26 February 2010 [19:05]

Azerbaijani businessmen attend Vitebsk investment forum

Azerbaijani business people have joined their counterparts from Poland, Bulgaria, Kazakhstan, Ukraine, Latvia and Russia in an international investment forum in Vitebsk, Belarus.
26 February 2010 [16:56]

Azerbaijan, Greece sign inter-governmental agreement

Azerbaijani and Greek governments have signed an agreement on cooperation and mutual assistance in preventing and eliminating consequences of natural and technological disasters.
26 February 2010 [11:15]

Iran stands ready to buy 10bn cu.m. gas from Azerbaijan

Iran stands ready to buy from Azerbaijan up to 10 billion cubic meters of gas, the Iranian ambassador to Azerbaijan Mohammad Bagher Bahrami said in Baku on Feb. 25.
26 February 2010 [10:32]

WB delegation to visit Azerbaijan

25 February 2010 [15:37]

Azerbaijani oil products to be sold in Ukrainian market

By the end of March SOCAR (State Oil Company of Azerbaijan) will start to sell oil products in gas stations with SOCAR brand in Ukraine, SOCAR President said Rovnag Abdullayev said.
24 February 2010 [22:07]

Energy Supremo: Nabucco Pipeline Is Best European Solution

Nabucco Pipeline Is Best European Solution, Nobuo Tanaka, head of the International Energy Agency, has told an energy security conference in Budapest that the Nabucco pipeline project was best for Europe.
24 February 2010 [21:46]

U.S. official: U.S. deeply interested in Nabucco project

The U.S. is very interested in the Nabucco pipeline project, told TREND's Washington correspondent Neil Brown, Special Advisor to US Senator Richard G. Lugar.
24 February 2010 [18:34]

ITU: Azerbaijan is leading country for cutting mobile communication tariffs

Tariffs on mobile communication services were cut by 81 percent in Azerbaijan within 2008-2009, ITU report says.
24 February 2010 [17:35]

Baku hosts conference on balancing relations within transnational companies

A two-day conference on balancing relations within transnational companies started in Baku for oil and gas industry workers trade unions of Caspian littoral states.
24 February 2010 [15:25]

Azerbaijan's fixed capital investment climbs 5.6% in January

Azerbaijan saw 401.3 million manats or nearly $501 million invested in its fixed capital this January, which means a 5.6-percent increase from a year early, the State Statistical Committee announced.
23 February 2010 [13:52]

Azerbaijan national oil company expands network of petrol stations in Georgia

Socar Energy Georgia (SEG) LLC, a sub-company of the State Oil Company of Azerbaijan Republic (SOCAR), continues implementing its long-term plans to open petrol stations under SOCAR brand in Georgia.
23 February 2010 [13:05]

Azerbaijan increases fruit and vegetable exports

The State Customs Committee of Azerbaijan (SCC) says that this January country’s export of vegetables and fruits rose by 5.99 percent compared to January 2009.
22 February 2010 [10:44]

Azerbaijan posts trade surplus of USD 8.6 billion

The individual persons and corporate bodies in Azerbaijan carried out foreign transactions with 137 countries in the amount of $20,800,000,000.
19 February 2010 [18:23]

Decline in monthly payment for electricity in Azerbaijan

The national power supply operator of Azerbaijan failed to keep collecting electricity payments from retail consumers at high level in January.
19 February 2010 [11:52]

SOCAR considers several environmental research projects

A number of research institutes and centers of Azerbaijan presented projects to clean up oil polluted land to the State Oil Company of Azerbaijan Republic (SOCAR) on Feb. 18.
18 February 2010 [19:33]

Kazakhstan stops pumping oil via Baku-Tbilisi-Ceyhan pipeline

Kazakhstan-based Tengizshevroil company working on Tengiz and Korovelskoe oilfields has suspended pumping oil through BTC.
18 February 2010 [17:45]

EBRD eyes $220 million for Azerbaijan's non-oil sector

The European Bank for Reconstruction and Development is planning to fund $220 million worth of 12 projects in Azerbaijan in the fields of natural resources, telecommunication, agriculture and finance.
18 February 2010 [16:54]

Azerbaijan sees rise in oil pumping

In total 4 million tons of oil was pumped through Azerbaijan's network of trunk pipelines in January, a rise of 8.1 percent from a year ago.