Business

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.
18 February 2010 [11:22]

Azerbaijani President visits construction site of Baku Business Center - PHOTOS

President of Azerbaijan Ilham Aliyev inspected the construction progress of a Baku Business Center located in the National Seaside Park on Feb. 17.
17 February 2010 [21:13]

Tax revenues from Azerbaijan’s non-oil sector increased by 3.1 percent in 2009

Azerbaijani Tax Ministry has announced revenue of 4.114 billion manats in 2009, the ministry's official newspaper said.
17 February 2010 [20:34]

Azerbaijani capital's gas supply system to be renewed

Azerbaijan's major gas supply company, Azerigaz, said it plans to draw up a wide program aimed at renewing gas supply system in the capital, Baku.
17 February 2010 [17:26]

Azerbaijan imported 115, 000 tones of grain last year

Nearly 115,000 tones of grain was purchased and brought to Azerbaijan for the State Grain Fund by the Ministry of Emergency Situations last year.
16 February 2010 [19:48]

Azerbaijani state oil fund director meets US Congress officials

Shahmar Movsumov, Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), received representatives of the US Congress on Feb. 16.
15 February 2010 [16:01]

Azerbaijan's Sumgait city ups electricity consumption

As of Jan. 1, electricity consumption grew by 20.9 percent in Sumgayit, Azerbaijan's second largest city.
12 February 2010 [16:57]

Azerbaijan to build new pipeline to export gas to Iran

The State Oil Company of Azerbaijan Republic (SOCAR) intends to build a new pipeline to export gas to Iran, Azerigas PU First Deputy Nazim Samadzade said.
11 February 2010 [16:02]

Tax minister: Azerbaijani tax system changes corresponds to international practice

Structural changes in Azerbaijan's tax system will improve the country's tax administration and will increase budget revenues, Azerbaijani Tax Minister Fazil Mammadov said.
11 February 2010 [15:23]

Azerbaijan national oil company lays gas line to Georgian region

The SOCAR, Azerbaijan's state-run oil firm, has built a gas pipeline to the Lanchkhuti region of Georgia.
09 February 2010 [18:07]

'Belarus ready to share ICT experience with Azerbaijan'

Belarus is ready to share its experience in ICT with Azerbaijan, visiting Hi-Tech Park Administration`s director Valery Tsepkalo told Azeri ICT minister Ali Abbasov.
09 February 2010 [14:50]

First Azerbaijan-Belarus ICT forum launches in Baku

The first Azerbaijan-Belarus business forum on telecommunication and information technologies was launched today in Baku, at hotel Park INN Azerbaijan.
09 February 2010 [11:43]

Third Caspian energy forum due in Moscow

Third Caspian Energy Forum will take place in Moscow`s Center of International Trade on 23 March.
05 February 2010 [10:45]

Director of the Greek DEPA Gas Corporation: Greece is ready to sign gas agreement with Azerbaijan

Interview with the Chairman and Executive Director of the Greek DEPA Gas Corporation Harry Sachinis, who is on a visit to Baku.
04 February 2010 [16:54]

Azerbaijan to participate in Islamic finance development conference

The Cbonds Information Agency plans to hold an international conference on the "Development of Islamic Finance Tools in CIS Countries," the Baku Stock Exchange reported.
04 February 2010 [16:00]

Azerbaijani deputy FM: Economic Cooperation Organization needs to be reformed

Azerbaijan will take over General Secretariat of the Economic Cooperation Organization (ECO) from 2012, Deputy Foreign Minister Mahmud Mammadguliyev said.
04 February 2010 [13:56]

First meeting of ECO member states' health ministers underway in Baku

The first meeting of ECO member countries' health ministers has today started here.
04 February 2010 [13:18]

Iranian vice-president: Launching Azerbaijan-Turkmenistan-Iran marine passenger route under discussions

Interview with Iranian Vice-President, Cultural Heritage and Tourism Organization Chief, chairman of the Center for Free Economic Zones Hamid Baghai.
03 February 2010 [16:07]

Romania, Azerbaijan discuss energy ties

Head of Azerbaijan's State Oil Company (SOCAR) Rovnag Abdullayev met with Tudor Serban, Romanian Deputy Minister of Economy, Commerce and Business Environment.