Business
04 November 2009 [16:28]
04 November 2009 [15:42]
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) ranks among the highest in the Linaburg-Maduell Transparency Index.
04 November 2009 [13:48]
The State Oil Company of Azerbaijan Republic (SOCAR) plans to buy “significant” part of stakes of an oil refinery in Italy, SOCAR top manager said.
04 November 2009 [11:46]
Azerbaijan led for GDP growth among CIS countries for the first nine month of 2009, the State Statistics Committee said.
03 November 2009 [14:31]
03 November 2009 [12:56]
02 November 2009 [17:23]
Azerbaijan’s state budget for 2010 envisages 24, 945, 644 manat for improvements in salary and pension benefits in the defense and security sector, and financing social measures.
02 November 2009 [14:14]
The Bill on Azerbaijan’s state budget for 2010 will be discussed in the parliament for four days.
02 November 2009 [10:53]
Prices on domestic flights have increased in Azerbaijan, Azerbaijan Airlines (AZAL) Spokesperson Maharram Safarli said.
31 October 2009 [12:05]
“One should not forget that every country has alternative sources of gas,” Turkey’s Energy Minister Taner Yildiz said in an interview with local NTV TV channel.
31 October 2009 [10:53]
30 October 2009 [18:40]
Participants of the Property Market Public Union has released results of the monitoring into the secondary housing market in the Azerbaijani capital conducted in Sept. 2009.
30 October 2009 [17:18]
There is a need to reduce prices on bread in Azerbaijan, Azerbaijani Agriculture Minister Ismat Abbasov said at a news conference.
30 October 2009 [16:08]
30 October 2009 [15:03]
Azerbaijani Deputy Minister of Industry and Energy Gulmammad Javadov met Thursday the Greek ambassador to Azerbaijan Ioannis Metaxas to discuss prospect for further cooperation.
29 October 2009 [16:27]
Participants of the Property Market Public Union has released outcomes of the monitoring into the first housing market in Baku for September 2009.
29 October 2009 [12:23]
Armenia’s national debt has almost doubled.
29 October 2009 [11:26]
28 October 2009 [15:43]
28 October 2009 [11:12]
The 16th annual conference of the International Association of Insurance Supervisors was held in Rio de Janeiro, Brazil on Oct. 21-24.
28 October 2009 [10:55]
The Baku Interbank Currency Exchange (BBVB) has announced a new stage in development of Organized Interbank Credit Market (OICM) operating in its e-trading system BEST.
28 October 2009 [10:32]
27 October 2009 [18:10]
“Azerbaijan airlines”, AZAL, has launched today Baku-Astrakhan-Baku flight.
26 October 2009 [17:38]
Baku Metro management is preparing to build a metro station "Mushfig", "Javadkhan", "Bus Station”, chief of the Baku Metro Tagi Ahmadov said in an interview with state media.
26 October 2009 [14:56]
24 October 2009 [12:58]
Turkish President Abdullah Gul said Friday there were strong reasons for Turkey and Kazakhstan to work together, Anadolu Agency reported.
24 October 2009 [12:18]
A lot of low-quality residential buildings have been built in Baku, director of the Construction Evaluation Center of the State Sgency for Construction Safety under the Emergency Situations Ministry Kamil Muradov said.
24 October 2009 [11:52]
A $200 million contract on construction of third range of 'Armada' tankers, design RST22M was signed between Palmali group of companies and Besiktas Gemi Insaa Anonim Sirketi shipyard (Turkey), the company reported.
24 October 2009 [11:20]
The European Bank for Reconstruction and Development (EBRD) has approved a $120 million loan for AZMECO Company for the construction of a methanol producing plant in Azerbaijan, EBRD Baku Office said on Oct. 22.
24 October 2009 [11:09]
Microsoft Azerbaijan Company has launched localization of operational system Windows 7 into the Azerbaijani language, the company said.
24 October 2009 [10:38]
The Azerbaijani Ministry of Finance does not consider it necessary to premature pay off the loans of the International Monetary Fund.
24 October 2009 [10:27]
A new tea factory will be launched in Azerbaijan’s Lankaran region soon, Director of the factory Muhandis Jahangirov said.
24 October 2009 [09:45]
The State Oil Company of Azerbaijan Republic (SOCAR) and BP Azerbaijan discussed prospects for cooperation in the sphere of ecology, SOCAR Ecology Department said on Oct. 23.
23 October 2009 [15:03]
Azerbaijan's Transport Ministry proposes to include to CAREC projects within the "North-South" transport corridor which runs via Azerbaijan also.
23 October 2009 [12:31]
U.S. Company Orbital Sciences Corporation will make presentation of approved model of national satellite Azerspace within the Azerbaijani international exhibition BakuTel-2009, organizer of the exhibition Iteca Caspian said.
23 October 2009 [11:28]
A direct flight will open between Cairo and Baku soon, Egyptian Deputy Foreign Minister Mohammad al-Orabi said in Baku on Oct. 22.
23 October 2009 [10:23]
23 October 2009 [09:38]
Agreements on financing of 50 projects totaling $2.607 billion were signed during the period of the World Bank operations in Azerbaijan, Azerbaijani Vice Prime Minister Abid Sharifov said.
23 October 2009 [08:47]
Azerbaijan`s presidency of the Black Sea Economic Cooperation Organization, BSEC, has been hailed by Leonidas Chrysanthopoulos, the organization`s secretary general.
22 October 2009 [15:53]
Hydroelectric power plants owned by Azerenergy (national manufacturer and distributor of electricity in Azerbaijan) were not insured because of the high cost of these services, head of the company Etibar Pirverdiyev said on Oct. 20.
22 October 2009 [12:33]
22 October 2009 [11:13]
In the post-crisis period, Azerbaijan will continue to adhere to the policy of stable manat, the chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said on Oct. 21.
22 October 2009 [10:18]
22 October 2009 [08:47]
Azerbaijan-Turkey Business Association has (ATIB) issued a statement.
21 October 2009 [11:48]
"New opportunities for integration of Azerbaijan into the world economy and further economic growth have been created."
21 October 2009 [10:33]
Anticipated rate of inflation for 2010 is 3 to 5 percent in Azerbaijan.
21 October 2009 [10:18]
20 October 2009 [17:16]
Over the nine months of 2009, Armenia's GDP declined 18.3 per cent to $2 trillion AMD, Armenian National Statistical Service said.
20 October 2009 [16:15]
Azerbaijan and Russia are the leaders in trade and economic relations in the South Caucasus, Head of the Center for Strategic Studies under the Azerbaijani President Elkhan Nuriyev said.
20 October 2009 [11:55]
Overhaul of 500 kV electricity transmission line between Azerbaijan and Georgia will complete in 2010-2011, head of Azerenergy Etibar Pirverdiyev said on Oct. 20.
20 October 2009 [10:34]
Oil rose to a one-year high above $80 a barrel in New York as the dollar slipped to a 14-month low against the euro, increasing commodities’ appeal as an alternative investment, Bloomberg reported.
20 October 2009 [09:14]
Talks between the European Union and Russia are on track to conclude a new partnership and cooperation agreement to replace the one that expired last year, Russian Foreign Minister Sergey Lavrov said Monday, AP reported.
20 October 2009 [08:58]
Italy, Russia and Turkey signed an agreement Monday for the construction of a pipeline that will carry crude oil from the Black Sea to the Mediterranean port of Ceyahn, the Italian oil company Eni said in a statement, AP reported.
19 October 2009 [17:44]
The State Oil Company of Azerbaijan Republic (SOCAR) is negotiating with Iran to start gas exports in the coming winter, President of SOCAR Rovnag Abdullayev said on Oct. 19.
19 October 2009 [16:59]
Oct. 22, Baku will host a regular Ministerial of the Black Sea Economic Cooperation Organization.
19 October 2009 [16:29]
The 21st meeting of the Foreign Ministers Council of the Organization of the Black Sea Economic Cooperation will be held in Baku on Oct. 22.
19 October 2009 [14:25]
The World Bank Managing Director, Ms. Ngozi Okonjo-Iweala, will arrive in Baku on Oct. 20 as part of her tour to the region, said the World Bank’s Office in Baku.
16 October 2009 [14:47]
French utility GDF Suez, which is already in talks to join the OAO Gazprom-led Nord Stream pipeline, would also be prepared to take a fresh look at the Nabucco pipeline project, the Wall Street Journal quoted Chief Executive Gerard Mestrallet as saying.
16 October 2009 [13:28]
The Azerbaijani Parliament has received forecast on public and consolidated budget, and the concept of socio-economic development for 2010 and three subsequent years.
16 October 2009 [12:46]
Delegation of the International Social Security Association (ISSA) and the German Accident Insurance Organization will visit Azerbaijan.
16 October 2009 [12:28]
Crude oil rose above $78 a barrel, capping its biggest weekly gain in two months, on an unexpected decline in U.S. gasoline stockpiles and refinery utilization, Bloomberg reported.
16 October 2009 [11:24]
The State Oil Company of Azerbaijan plans to begin drilling wells from new a platform at the Oil Rocks field in early 2010, the SOCAR Web site said.
16 October 2009 [10:35]
The first gas supply contracts on the Nabucco project between shippers and the gas supply countries from the Caspian region will be signed in the first half of 2010, Jeremy Ellis, Head of Business Development at RWE Gas Midstream said.
16 October 2009 [10:23]
The Azerigas Production Union of the State Oil Company of Azerbaijan (SOCAR) will release new materials on rules of safe use of domestic gas soon, SOCAR said.
16 October 2009 [09:49]
16 October 2009 [09:26]
The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Ministry of Economic Development held a meeting on the state support of entrepreneurship in the Agjabadi region.
16 October 2009 [08:51]
Growth of the Azerbaijani economy in 2010 is expected to reach 7.1 percent, said the statement of the European Bank for Reconstruction and Development (EBRD).
15 October 2009 [15:33]
The Central Eurasian Federation of Associations of Banks of the Central Caucasus, Central Europe and Central Asia has been established under the agreement signed in Baku on Oct.15.
15 October 2009 [09:05]
President of Azerbaijan Ilham Aliyev attended the commissioning ceremony for the “Shusha” tanker at the Baku Yacht Club on Oct. 14.
15 October 2009 [08:36]
On Oct. 14, the State Oil Company of Azerbaijan Republic (SOCAR) and Russia's Gazprom signed a medium-term contract to supply of Azerbaijani gas to Russia.
14 October 2009 [15:27]
The Azerbaijani mobile operators appealed to the Azerbaijani Communications and Information Technologies Ministry for a license to provide telecommunications services in a 3G standard, Azerbaijani Communications and Information Technologies Minister Ali Abbasov told reporters.
14 October 2009 [11:39]
14 October 2009 [11:22]
Ruling New Azerbaijan Party (NAP) has determined all candidates forthe coming municipal elections.
14 October 2009 [10:26]
Baku is hosting II International Banking Conference of the Commonwealth of Independent States (CIS) "Enhancing the stability of the financial and banking systems of the Commonwealth."
14 October 2009 [09:04]
Head of the Azerbaijan Chamber of Auditors Vahid Novruzov and his Uzbek counterpart Ravshan Haydarov signed a cooperation agreement on Oct. 13.
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