Business

24 December 2009 [16:00]

Azerbaijan national oil company acquires 30 gas stations in Ukraine

The State Oil Company of the Azerbaijan Republic (SOCAR) bought 30 gas stations in Ukraine, Ukrainian Ambassador to Azerbaijan Boris Klimchuk said today at a press conference in Baku.
23 December 2009 [14:15]

Azerbaijani president decrees to apply law on living-wage for 2010

Azerbaijani President Ilham Aliyev has decreed to apply a Law on Living Wage for 2010.
23 December 2009 [09:56]

Azerbaijani president inaugurates Sumgayit Techno Park - PHOTOS

On Dec. 22, President of Azerbaijan Ilham Aliyev launched a number of facilities built within the first phase of plans to create a techno park in Sumgayit.
22 December 2009 [13:42]

Azerbaijan's 2010 public budget approved

Azerbaijan's 2010 state budget was approved with a deficit limit of 1.249 billion manat.
22 December 2009 [11:37]

Baku hosts int'l conference on global financial crisis

An international conference on Global Financial Crisis: Azerbaijan`s Model of Economic Security and World Practice started in Azerbaijan State Economic University (ASEU) on Dec. 21.
21 December 2009 [09:51]

Azerbaijan, UAE to discuss economic, trade and technical cooperation

Abu Dhabi will host Monday the 2nd meeting of an Azerbaijan-UAE intergovernmental commission on economic, trade and technical cooperation.
19 December 2009 [10:23]

Iranian ambassador: Iran, Azerbaijan need new gas pipeline

Iran transfers most of part of Azerbaijani natural gas it receives to Nakhchivan Autonomous Republic, and uses the rest for its domestic needs, said Iranian Ambassador to Azerbaijan Mohammad Baghir Bahrami.
19 December 2009 [09:44]

Azerbaijan, WB sign loan agreement worth $450 million

Today, the World Bank (WB) and the Azerbaijani government signed loan agreements worth $450 million on the project promoting rail transit and trade in Azerbaijan.
18 December 2009 [18:23]

Azerbaijani PM: Azerbaijan enjoys good relations with Russia's regions

Azerbaijan's Prime Minister Artur Rasizade met visiting chairman of government of Russia's Astrakhan oblast Konstantin Markelov on Dec. 18.
18 December 2009 [15:38]

ADB, Azerbaijanigovernment sign new loan agreement

The government of Azerbaijan and Asian Development Bank (ADB) signed loan agreement on the first tranche worth $75 mln as a part of Water Supply and Sanitation Investment Program.
18 December 2009 [15:06]

Azerbaijan, Russia to resume ferry communication

The delegation of the Astrakhan Oblast of Russia visiting Baku currently has had meetings in the Ministry of Transport and Azerbaijan State Caspian Company (Kaspar).
18 December 2009 [12:32]

Russian expert: Russia to back supply of Azerbaijani gas to Iran

Professor at the Moscow State Institute of International Relations Igor Tomberg says Azerbaijan and Iran may maintain long-term cooperation in gas sphere.
18 December 2009 [12:14]

Azerbaijan to buy two dreamliner planes

Azerbaijan`s State Civil Aviation Administration says the country has placed an order to buy Boeing's two new 787 Dreamliner passenger aircrafts.
18 December 2009 [11:13]

Azerbaijan's Transport Ministry, Korean agency sign protocol to build bridge over Baku bay

Azerbaijan’s Ministry of Transport and the Korean International Cooperation Agency (KOICA) have signed a protocol on implementation of the Baku Bay Sea Bridge Project, said the Secretariat of the Ministry.
18 December 2009 [10:22]

SOCAR opens another gas station in Georgia

President of Azerbaijan`s state oil company, SOCAR, Rovnag Abdullayev has inaugurated SOCAR's another gas station in Georgia.
17 December 2009 [14:21]

Azerbaijani defense industry minister: We have launched production of unmanned aerial vehicles

APA’s interview with Azerbaijan’s Minister of Defense Industry Yavar Jamalov.
16 December 2009 [15:17]

USAID to help Azerbaijan boost NGOs

15 December 2009 [18:42]

Azerbaijan, Iran sign gas contract

15 December 2009 [17:53]

Baku-Tbilisi-Kars project progresses on schedule

The construction of the Baku-Tbilisi-Kars (BTK) railway project has continued to progress on schedule, BNE Portal quoted the chief engineer of Azerbaijan Railways JSC Gurban Nazirov as saying.
15 December 2009 [15:16]

Average price on non-residential premises in Baku made public

Azerbaijan's Participants of the Property Market Public Union has released outcome of November monitoring into the market of non-residential premises.
15 December 2009 [13:12]

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

Azerbaijan’s Participants of Property Market Public Union has released outcomes of the November monitoring into the first housing market in Baku.
15 December 2009 [12:23]

Azerbaijan, Iran agree to expand cooperation in gas sphere - UPDATE

Azerbaijan's Foreign Minister Elmar Mammadyarov has paid an official visit to Iran.
14 December 2009 [16:27]

Azerbaijan announces most sold car brand in country

Azerbaijan Participants of Property Market Public Union has completed the November monitoring into market of used cars in Baku.
14 December 2009 [10:36]

SOCAR president: Azerbaijan,Turkey are closer to gas price deal

Azerbaijan and Turkey are closer to agree on a price for natural gas Azerbaijan supplies to Turkey, said Rovnag Abdullayev, president of Azerbaijan State Oil Company (SOCAR).
12 December 2009 [19:32]

Gasoline prices not expected to increase in Azerbaijan next year

The gasoline prices are not expected to be increased next year.
12 December 2009 [10:35]

Financial Times: 2010 will provide Azerbaijan with more opportunities for attracting higher levels of foreign investment

The Financial Times has published an article entitled “Investment opportunities in Azerbaijan."
11 December 2009 [18:46]

Price on most expensive hundred part of land in Baku made public

Participants of the Property Market Public Union of Azerbaijan has released outcomes of the monitoring into the state of the land market in the Azerbaijani capital in Nov. 2009.
11 December 2009 [14:25]

Azerbaijani president opens new tunnel in Baku

Azerbaijan`s President Ilham Aliyev has today inaugurated a tunnel at the crossroads of the Azadlyg and Ziya Bunyadov avenues.
11 December 2009 [12:41]

Minister: Azercell will get 3G service license

Azerbaijan's Ministry of Communications and Information Technologies will issue a 3G service license to Azercell Telecom.
09 December 2009 [16:17]

ADB energy mission to visit Baku

08 December 2009 [10:23]

First International Azerbaijan Investment Summit to kick off in London

A delegation from the Azerbaijan Government will attend the 1st International Azerbaijan Investment Summit in London on Dec. 8 -9, 2009.
07 December 2009 [11:26]

Azerbaijan announces most sold car brand in capital

Azerbaijan Participants of Property Market Public Union has completed the October monitoring into market of used cars in Baku.
03 December 2009 [13:41]

Azerbaijan is leader on CIS space on GDP and industrial production

The CIS Interstate Statistical Committee announced indicators of ten months on GDP (gross domestic production) and industrial production.
03 December 2009 [11:17]

Crude oil hovers over $77

02 December 2009 [13:11]

TAP Managing Director Robert Klein: Azerbaijan plays strategic role in enhancing Europe’s security of supply

Trend Capital exclusive interview with Managing Director for Trans Adriatic Pipeline (TAP) Robert Klein.
02 December 2009 [11:48]

Samuel Lussac: Caspian Sea will help European Union reduce dependency on Russia

Day.Az interview with Ph.D. in International Relations at Bordeaux Institute of Political Studies Samuel Lussac.
01 December 2009 [10:52]

Oil hovers over $77/barrel

26 November 2009 [14:58]

Azerbaijani MPs pass Bill on State Budget 2010

Milli Majlis (Azerbaijan’s parliament) adopted the Bill on State Budget 2010 on Nov. 26.
25 November 2009 [14:00]

Ariel Cohen: "Realization of Nabucco, above all, depends on supplier and consumer countries"

Day.Az interview with Ariel Cohen, Senior Research Fellow and leading expert on Russia and Eurasian region, Institute for International Studies, Heritage Foundation.
24 November 2009 [16:03]

Azerbaijani Transport Ministry: Opening of Armenia-Turkey border will not affect efficiency of Baku-Tbilisi-Kars railway

Day.Az interview with Azerbaijani Deputy Transport Minister Musa Panahov.
24 November 2009 [14:50]

India-Azerbaijan Inter-Governmental Commission to meet in Delhi

Bilateral trade between India and Azerbaijan totaled US $ 222.27 million in 2008-2009, Press Information Bureau Government of India said.
24 November 2009 [11:52]

Rise in oil prices

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.