Business
16 January 2008 [18:48]
The State Oil Fund of Azerbaijan has received the first dividend on the Baku-Tbilisi-Ceyhan project today.
16 January 2008 [17:27]
Azerbaijan is likely to launch its communications satellite in late 2009 or early 2010, Ali Abbasov, Azerbaijan’s Minister of Communications and Information Technologies, said.
16 January 2008 [16:23]
Azerbaijan is likely to reduce Internet prices while leaving phone call and subscription prices unchanged in 2008.
16 January 2008 [14:36]
16 January 2008 [13:11]
16 January 2008 [11:42]
The Nijegorod shipyard Krasnoye Sormovo has concluded a new contract with the State Caspian Shipping Company of Azerbaijan on the construction of project 19619 tanker.
16 January 2008 [11:15]
Chinese ZTE Corporation is interested in participation in the IT projects in Azerbaijan.
16 January 2008 [10:38]
The Heritage Foundation has released the 2007 Index of Economic Freedom, which included 157 countries.
15 January 2008 [18:48]
The Asian Development Bank (ADB) and the Government of Azerbaijan today signed two loans totaling US$200 million to finance the 1st Project under the Road Network Development Program - Masalli-Astara Section of the North-South Highway.
15 January 2008 [18:35]
Azerbaijan is likely to trim down Value Added Tax rate next year, Minister of Taxes Fazil Mammadov said.
15 January 2008 [18:17]
The development of tax declarations previously took nearly 900 hours of work times per year, while at present the application of e-tax declarations reduced this time down to 150-160 hours.
14 January 2008 [19:05]
A delegation of the Ministry of Communication and Informational Technologies of Azerbaijan will take part at a regular session of the Council of Postal Operation under the World Postal Union.
14 January 2008 [18:13]
The chief executive of the State Oil Fund of Azerbaijan Shahmar Movsumov received a delegation led by US Senator Richard Lugar on January 14.
14 January 2008 [15:15]
A meeting of the TRASECA member-states is held in Brussels with participation of Deputy Foreign Minister of Azerbaijan Khalaf Khalafov.
14 January 2008 [14:56]
An underground gas reservoir and electric stations, operating on gas and fuel oil are planned to be created in the Nakhchivan Autonomous Republic to avoid energy crisis, according to the official website of the President of Azerbaijan.
14 January 2008 [13:05]
As of late 2007, Azerbaijan’s foreign debt to gross domestic product (GDP) ratio was 8.3% and per capita external debt stood at $262, according to the Ministry of Finance.
14 January 2008 [11:50]
The International Telecommunication Union (ITU) will consider, in the first half of 2008, giving a license to Azerbaijan for launching its own satellite, the country`s ministry of communication and information announced.
14 January 2008 [10:32]
President of Azerbaijan Ilham Aliyev noted at a session of the government that the government pays special attention to the rise in prices and inflation.
14 January 2008 [10:19]
"We do not expect a sharp rise in real estate prices in Baku in the first half of 2008", Nusrat Ibragimov, chief executive of the association "Participants of real estate market" reported.
12 January 2008 [15:43]
A delegation of entrepreneurs led by Emil Medjidov, president of the Azerbaijan Export and Investments Encouragement Fund (AZPROMO), will leave for Slovenia on January 24.
12 January 2008 [14:48]
As of late December, 2007, poverty rate fell by 2.5 times since 2003 against the backdrop of a 4.5% rise in population.
12 January 2008 [12:21]
President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev met with the vice president of the China National Petroleum Corporation (CNPC) Sun Sanshen.
12 January 2008 [12:11]
Minister of Communication and Informational Technologies of Azerbaijan Ali Abbasov met with the representative of the US Microsoft Veronika Prikrilova, according to the press service for Azerbaijan's Ministry.
11 January 2008 [17:33]
Post offices in Azerbaijan will launch provision of banking services from mid 2008 in accordance with the Financial Services Development Project between the World Bank and the Government of Azerbaijan.
11 January 2008 [15:29]
The Azerbaijan-Belarus business forum has started in the Hyatt Regency hotel in Baku.
11 January 2008 [14:41]
Azerbaijan’s national currency strengthened 0.2% against the US dollar on Baku Interbank Currency Exchange (BICEX) in December.
11 January 2008 [14:26]
The United Nations (UN) World Food Programme (WFP) asked donors to allocate funds for assistance to IDPs in Azerbaijan, according to the official website of UN.
11 January 2008 [14:05]
The banking account of the Fund of Assistance to Azerbaijani Armed Forces accounted for 3,469,000 AZN as of January 11, 2008.
11 January 2008 [13:33]
Azerbaijani Railroads remain closed for Armenia, spokesman for the Azerbaijan Railroad Department Nadir Azmamedov said.
11 January 2008 [12:16]
“We invest in Azerbaijan, because we believe in its successful economic future” said Lars Nyberg, President of TeliaSonera, at a meeting with Minister of Communication and Information Technologies of Azerbaijan Ali Abbasov in Baku, the Ministry said.
11 January 2008 [10:48]
A delegation led by the Prime Minister of Lithuania Gediminos Kirkepas will visit Azerbaijan on January 28-29.
11 January 2008 [10:32]
The second session of the Commission on US-Azerbaijan Economic Partnership will be held in Washington in February of 2008.
10 January 2008 [18:46]
World Bank’s team designing the Alat-Astara Second Highway Project headed by Olivier Le Ber are now in Baku to inspect upgrading of some sections of the Alat-Astara-Iranian border highway and discuss with government officials the prospects of construction of the third highway.
10 January 2008 [17:56]
10 January 2008 [14:16]
In 2007 the state budget of Azerbaijan received over 4.54 billion AZN (over $5.37 billion by current exchange rate) of taxes, which is 67.2% higher, as compared to 2006, according to the Taxes Ministry of Azerbaijan.
10 January 2008 [13:03]
The Confederation of Entrepreneurs of Azerbaijan in cooperation with the Association of Entrepreneurs of Sintzan Uygur Autonomous Region of China will arrange a visit of Azerbaijani businessmen to Urumchi.
10 January 2008 [10:57]
The official visit of the Minister of Economic Development of Azerbaijan Heydar Babayev to Estonia starts from January 21.
09 January 2008 [14:02]
According to the State Oil Company of Azerbaijan, it is planned to produce 8 billion cubic meters of natural gas from the Shahdeniz field this year.
09 January 2008 [10:10]
Aztelecom PU of Azerbaijan’s Ministry of Communications and Information Technologies has completed transition to electronic telephone exchange system by 70%.
08 January 2008 [18:41]
The external trade turnover of Azerbaijan made up $10,461,300 in January-November of 2007, as reported by the State Statistical Committee of Azerbaijan.
08 January 2008 [17:55]
08 January 2008 [16:22]
The power system of Azerbaijan generated more than 21.4 billion KWH of electric power in 2007, which is by 2.4 billion KWH lower as compared to 2006.
08 January 2008 [15:53]
Several international flights canceled yesterday due to bad weather conditions in Baku were gradually resumed on January 8.
08 January 2008 [14:49]
1.6 million passengers were transported by Azerbaijan’s air transportation system and the passenger turnover made 1.02 billion passengers/kilometer in 2007.
08 January 2008 [13:22]
Azerbaijan carried out import and export transactions in the amount of $10.5 billion with 135 countries within 11 months of 2007, according to the State Statistical Committee.
08 January 2008 [13:13]
The Department for combat with cybercrimes has been established under the Ministry of Internal Affairs of Azerbaijan, as reported by major-general Vilayat Eyvazov, first deputy Minister of Internal Affairs of Azerbaijan.
08 January 2008 [12:54]
Azerbaijan channeled AZN 13 million ($15.3 million) in investment into upgrading of the railway system in 2007, according to the State Railway Company (ADDY).
08 January 2008 [12:26]
The passenger air flight Baku-Moscow, scheduled for 10:40 a.m. has been put off due to bad weather conditions.
08 January 2008 [11:40]
Rise in prices will be the highest in Azerbaijan among all CIS countries in 2008.
08 January 2008 [11:36]
Baku oil refineries intend to deepen oil refining by 9% bringing it to 75.2% in 2008.
08 January 2008 [10:31]
The monetary reserves of the National Bank of Azerbaijan reached $4,015,600,000 last year.
08 January 2008 [10:16]
The Cabinet of Ministers of Azerbaijan has introduced alterations to the rules of control of the State Committee for Town-building and Architecture of Azerbaijan.
08 January 2008 [10:08]
The Cabinet of Ministers has approved a new text of VAT-free imports.
07 January 2008 [17:28]
The general manager of the International Atomic Energy Agency on Azerbaijan will pay a visit to Baku.
07 January 2008 [15:03]
A joint session of the Council of Ministers of Foreign Affairs under the Black Sea Economic Cooperation and European Union will be held in Kiev on February 14.
07 January 2008 [14:54]
In 2007 the oil refineries of Azerbaijan underfulfilled the production plan by 5.84%, producing only 7,504,170 tons of oil products in place of the planned 7,970,000 tons.
07 January 2008 [13:59]
Owing to snowfall, agricultural crops may rise by 20-30% this year, according to Sabir Veliyev, chief of department under Azerbaijan's Ministry of Agriculture.
07 January 2008 [11:37]
The State Oil Company of Azerbaijan (SOCAR) produced a total of 8,800,880 tons of oil in 2007 (oil and gas producing department -7, 595,750 tons and joint ventures and operating companies-1,194,130 tons).
07 January 2008 [11:02]
Indian Bharat Heavy Electricals Ltd (BHEL) will supply Azerbaijan with transformers in the amount of 400 million rupees ($10 million).
30 December 2007 [17:25]
President of Azerbaijan Ilham Aliyev has today attended the inauguration of a new road on the Nasib bey Yusifbeyli Street.
30 December 2007 [15:01]
Azerbaijan and Egypt have reached an agreement on the project of construction of a pharmaceutical factory in Azerbaijan.
30 December 2007 [14:50]
The meeting of businessmen of Azerbaijan and Spain will take place in early 2008.
30 December 2007 [13:56]
Azerbaijan will start liquidation of energy debt to Iran in spring of 2008, as reported by the vice president of Azerenerji Marlen Askerov.
30 December 2007 [10:29]
Azerbaijan-Egypt Intergovernmental Commission signed a final protocol of the third meeting in Baku.
29 December 2007 [17:33]
29 December 2007 [16:18]
Meeting of Azerbaijani and French businessmen will be held early 2008.
29 December 2007 [14:45]
Prices on the agricultural fairs in Baku are lower by 40-50% average, as reported by Azerbaijan's Minister of Agriculture, Ismet Abbasov.
29 December 2007 [13:45]
Azerbaijan's Ministry of Communication and Informational Technologies is to work a out a draft new State Program for development of communication and informational technologies in the country.
29 December 2007 [11:23]
The rise in the gross domestic product of Azerbaijan (GDP) from the beginning of the year until late November made up AZN 20.818 billion (over $24.6 billion), which is 25.4% higher as compared to the same period of 2006.
29 December 2007 [10:32]
The French bank Societe Generale was declared winner of the tender on selection of an international financial consultant conducted by Azerkimya state company, as reported by the press service for Azerkimya.
28 December 2007 [19:03]
Azerbaijan-based companies have been invited to join construction projects in Russia, Emil Majidov, President of Azerbaijan Export and Investment Promotion Foundation (AzPromo), said.
28 December 2007 [18:48]
Representation of Azerbaijan Export and Investments Encouragement Fund (AZPROMO) in Kazakhstan has attracted 4-5 Azerbaijan construction companies to Kazakh market, as reported by the President of the Fund Emil Medjidov.
28 December 2007 [17:55]
Turkish Minister of Agriculture and Rural Affairs Mehmet Mehdi Eker has arrived in Azerbaijan today.
28 December 2007 [16:38]
Azerbaijan's Minister of Communication and Information Technologies Ali Abbasov received Egyptian Minister of International Cooperation Faiza Abu al-Hadj.
28 December 2007 [15:51]
Armenia reserves a right to accept or reject Azerbaijan's proposal to participate in TRACECA Summit in Baku, as reported by a source from Armenian government.
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