Business

31 January 2008 [13:41]

IBA opens representative office in Luxembourg

The International Bank of Azerbaijan has established its representative offices in Luxembourg.
31 January 2008 [13:30]

Azerbaijan, Jordan to cooperate in education

Discussions of prospects of cooperation in the sphere of education were initiated between Azerbaijan and Jordan in Baku.
31 January 2008 [10:01]

Ukraine imposes ban on import of pork from Azerbaijan

Ukraine has imposed a ban on the import of pork from Azerbaijan, APA reports.
30 January 2008 [18:56]

Azerbaijan's external debt makes up $2,441,900,000

Azerbaijan's external debt made up $4,441,900,000 as of January 1 of 2008 which is 8.2% of country's GDP.
30 January 2008 [17:44]

Abulfaz Garayev: "One million tourists in Azerbaijan is a real figure"

The number of tourists who visited Azerbaijan in a year has risen by 11%.
30 January 2008 [17:01]

Telpher and underground to connect Baku with Sumgayit

The delegation of South Korean Jinhung will launch preliminary works on the construction of Light rail construction telpher between Baku and Sumgayit in February of 2008, APA reports with reference to the Korean Embassy to Azerbaijan.
30 January 2008 [16:03]

US Goldman Sachs International interested in project implementation in Azerbaijan

US Goldman Sachs International is ready to render consulting services to Azerbaijani enterprises in banking, telecommunication, industrial and energy sectors.
30 January 2008 [15:35]

Azerbaijani delegation to take part at World Labor Organization's seminar

A delegation of Azerbaijan's Confederation of Entrepreneurs will take part in the seminar of the World Labor Organization to be held in Turin (Italy) in February-March of 2008.
30 January 2008 [15:09]

Customs tariffs not to be changed in Azerbaijan in 2008

It is not planned to review customs tariffs in Azerbaijan by the end of the year.
30 January 2008 [13:09]

Fifth session of Japanese-Azerbaijani intergovernmental economic commission to be held in Tokyo

Tokyo is preparing to host the fifth session of the Japanese-Azerbaijani intergovernmental economic commission on February 25-26, Novosti-Azerbaijan reports with reference to Azerbaijani embassy to Japan.
30 January 2008 [12:21]

Price of Yeni Musavat opposition newspaper to go up

The price of the Yeni Musavat newspaper will go up, a source in the Institute for Reporters' Freedom and Safety told Day.Az.
30 January 2008 [11:58]

Heydar Babayev: "Communication tariffs will not be raised in Azerbaijan"

Communication tariffs will not be raised in Azerbaijan, Heydar Babayev, Minister of Economic Development and chairman of the Tariff Council of Azerbaijan, said, Day.Az reports with reference to ANS TV channel.
30 January 2008 [11:33]

Attempt to smuggle Armenian alcohol drinks to Azerbaijan prevented

The State Customs Committee liquidated Armenian-made foodstuffs and drinks, smuggled to Azerbaijan.
29 January 2008 [18:11]

Azerbaijani companies take part in "Green week" international exhibition

The "Greek Week" International Exhibition was held in Berlin on January 18-27.
29 January 2008 [16:51]

Nearly 1100 cabstands to be opened in Baku

There is a plan to create more than 1100 cabstands in
29 January 2008 [15:53]

Azerbaijan to purchase JF-17 pursuit planes from Pakistan

Azerbaijan will purchase JF-17 pursuit planes from Pakistan.
29 January 2008 [15:36]

Number of bridges, pedestrian crossings and car parks to rise in Baku in four years

In the framework of the Program on Improvement of Transport System of Baku for 2008-2011, Azerbaijan’s Ministry of Transport will submit the Plan of Actions for approval to the President.
29 January 2008 [14:03]

Second session of Azerbaijani-Latvian intergovernmental economic commission to be held in Riga

The second session of the Azerbaijani-Latvian intergovernmental economic commission to be held in Riga in the second half of 2008.
29 January 2008 [11:13]

Joint venture fund to be established in Azerbaijan

The Azerbaijan Investment Company signed a memorandum of mutual understanding regarding creation of a joint venture fund with the GILD Investment Bank and Estonian Caspian Group.
29 January 2008 [10:20]

Azerbaijan and BSTDB sign memorandum of mutual understanding

The Azerbaijan Investment Company signed a memorandum of mutual understanding with the Black Sea Trade and Development Bank on January 28.
28 January 2008 [18:33]

Azerbaijan to build oil refinery in Ukraine

Azerbaijan will build a state-of-the-art oil refinery in Ukraine, the country’s president Viktor Yushchenko told on 1+1 TV channel.
28 January 2008 [16:21]

Azerbaijan to monitor market of alcohol drinks and tobacco wares in February

Azerbaijan’s Agriculture Ministry plans to monitor outlets selling alcoholic drinks and tobacco wares across the country.
28 January 2008 [15:53]

One more footbridge under construction in Baku, Azerbaijan

Construction of the second footbridge has commenced in Baku, Punhan Mursaliyev, spokesman for the State Company Azeri Road Service State Company, said.
28 January 2008 [15:13]

Azerbaijan lays the first suspension bridge

A suspension bridge will be constructed in the road overpass and junction near Azizbayov Metro Station in Baku, Punhan Mursaliyev, spokesman for the Azeri Road Service State Company.
28 January 2008 [13:22]

Licenses of 4 producers and 7 importers of vodka withdrawn in Azerbaijan

Azerbaijan's Ministry of Agriculture suspended licenses of 4 producers and 7 importers of vodka in 2007.
28 January 2008 [13:11]

President of Azerbaijan Institute of Tourism: "If we want to benefit from tourism, each of us should work professionally in this sector"

Azerbaijan must do a lot in the sphere of tourism so that to occupy a worthy place on the global market.
28 January 2008 [12:28]

Ilham Aliyev to take part in energy summit in Kiev

President of Azerbaijan Ilham Aliyev will visit Ukraine to take part in energy summit in May, Novosti-Azerbaijan reports with reference to the Embassy of Azerbaijan to Ukraine.
28 January 2008 [12:14]

Delegation of Azerbaijani entrepreneurs to visit Greece

An international exhibition of agricultural facilities, equipment and reserves Agrotica-2008 will be held in Saloniki (Greece) on February 6-10 with participation of Azerbaijani companies.
26 January 2008 [15:50]

State Statistical Committee: "There are more than 50,000 unemployed people in Azerbaijan"

As of January 1, Azerbaijan’s economically active population reached 4.295,000, of which 4,010,000 have jobs, State Statistical Committee announces.
26 January 2008 [15:20]

Azerbaijan to open new military enterprises

Azerbaijan will launch a number of new military enterprises this year, a source in the government said.
26 January 2008 [14:33]

Azerbaijan, Switzerland sign memorandum of ICT cooperation

Azerbaijan’s Ministry of Communications and Information Technologies and Swiss Federal Department of Environment, Transport, Energy and Communications signed a Memorandum of Understanding in cooperation in ICT sector in Davos.
26 January 2008 [11:31]

Azerbaijan likely to start receiving 80% of revenues from Azeri-Chirag-Guneshli

Azerbaijan's share in the project of a large-scale development of the Azeri-Chirag-GUneshli fields has risen from 25% up to 50% this year.
26 January 2008 [10:14]

President Ilham Aliyev holds several meetings in Davos

Azerbaijani President Ilham Aliyev held a number of meetings in Davos, Switzerland.
25 January 2008 [17:07]

Azerbaijan offers direct supplies of its oil-and-gas equipment to Ukraine

Ukrainian Minister of Fuel and Energy Yuri Progan met with the ambassador of Azerbaijan to Ukraine Talyat Aliyev in Kiev.
25 January 2008 [15:07]

Confederation of Azerbaijani entrepreneurs speaks for reducing VAT and income tax

The National Confederation of Entrepreneurs will present proposals on amendments and alterations to the Tax Code until the end of May.
24 January 2008 [17:50]

Ilham Aliyev: "Resolution of Nagorno Garabagh conflict is important for stability and comprehensive cooperation in the South Caucasus" - UPDATED

President of Azerbaijan Ilham Aliyev held two meetings in the framework of the economic forum in Davos.
24 January 2008 [16:42]

Azerbaijan likely to participate in restoration of Baghdad’s infrastructure

Governments of Iraq and Azerbaijan intend to expand bilateral relations between the two countries.
24 January 2008 [15:48]

Estonia's Minister of Economy and Communications to visit Baku

Minister of Economy and Communications of Estonia Yuhan Parts will pay official visit to Azerbaijan in March of this year.
24 January 2008 [14:15]

Muradkhanly oil company planning to drill new wells

The expanded company Muradkhanly, developing Muradkhanly, Jafarly, Tersdeller, Zardabi and Naftalan fields, transferred 30,300 tons of oil to the state in 2007.
24 January 2008 [12:34]

IBA signs credit agreement on EUR 10,000,000

The International Bank of Azerbaijan (IBI) has recently signed a credit agreement with the Nordic Investment Bank (NIB)in the amount of EUR 10,000,000.
24 January 2008 [12:23]

Azerbaijani-Estonian business-forum takes place

An Azerbaijani-Estonian business-forum, arranged by Azerbaijan's Ministry of Economic Development and Azerbaijan Export and Investments Encouragement Fund (AZPROMO) was held in Tallinn (Estonia).
24 January 2008 [11:40]

Azerbaijani companies to take part in AGROTICA-2008 international exhibition

An international exhibition of agricultural equipment and reserves AGROTICA-2008 will be held in Saloniki (Greece), February 6-10.
24 January 2008 [11:06]

State Statistical Committee: "Inflation rate may near 10-13% in 2008"

The State Statistical Committee is not dealing with forecasts regarding inflation processes, but it can be supposed that inflation rate will near 10-13% in Azerbaijan in 2008.
23 January 2008 [18:37]

EBRD and EIB to implement joint projects in Azerbaijan

Arif Asgarov, Chief of Azerbaijan State Railroad (ADDY), has met with a joint delegation of the European Investment Bank and the European Bank for Reconstruction and Development.
23 January 2008 [18:25]

Azerbaijan halts poultry imports from Turkey and Ukraine due to avian flu - UPDATED

The State Veterinary Service under Azerbaijan's Ministry of Agriculture has banned poultry imports from Turkey and Ukraine, where avian flu was revealed, since January 23.
23 January 2008 [17:39]

Highway transportation accounts for 84%, underground for 15.3% of passenger transportations in Azerbaijan last year

167,300,000 tons of cargo and 1,100,000,000 passengers were transported in Azerbaijan in 2007.
23 January 2008 [15:36]

Prices of London-Baku-London air flights go down

British Midland Airways will reduce tariffs on Baku-London air flights by 28.51% from January 24.
23 January 2008 [15:07]

Vietnam intending to produce oil in Azerbaijan

The National Oil and Gas Corporation of Vietnam is interested in the development of one of the oil fields of Azerbaijan.
23 January 2008 [13:22]

IAEA representatives arrive in Baku

Two representatives of the International Atomic Energy Agency arrived in Baku at night.
23 January 2008 [11:08]

Azerbaijan likely to add to Guinness World Records with its "Carpet of Peace"

Azerbaijan may add to the Guinness World Records.
23 January 2008 [10:34]

Sabit Bagirov: "Azerbaijan will turn into oil consumer after 2020"

Rise in tariffs of energy, gas and fuel for the population has led to 10% saving of energy sources.
23 January 2008 [10:12]

President of Azerbaijan to hold bilateral meetings in Davos

President of Azerbaijan Ilham Aliyev will leave for Davos (Switzerland) to participate in the annual World Economic Forum.
23 January 2008 [10:05]

Azerbaijan to launch E-Government Project this year

Azerbaijan’s Ministry of Communications and Information Technologies will launch the E-Government Project this year.
22 January 2008 [18:42]

Russia to raise tariffs on electric power supply to Azerbaijan

Russian Inter RAO EES plans to raise prices of electric power, supplied to Azerbaijan.
22 January 2008 [18:06]

Azerbaijan's National Depository to launch branch activity

The National Depository of Azerbaijan, operating under the State Committee for Equities of Azerbaijan, intends to open up to 6 regional branches in 2008.
22 January 2008 [15:00]

Azerbaijan accounting for 44 national TV and radio companies

The National Council for Television and Radio Broadcasting has summed up its five year activity.
22 January 2008 [13:51]

Azerbaijani Hunters Union offers to lift ban on bird hunting

Azerbaijani Hunters Union offered to restore permission on bird hunting in the country, according to the chairman of the organization Ramazan Ismayilov.
22 January 2008 [13:47]

Chairman of Association of Free Economy: "Global crisis on the equity market is not likely to affect Azerbaijan's economy"

The crisis hitting the equity markets of the United States, Russia, Europe and Japan is not likely to affect Azerbaijan's economy.
22 January 2008 [12:10]

Public utility infrastructure to be modernized in 22 Azerbaijani regions

Reconstructions in the public utility sector will be carried out in 22 regions of Azerbaijan in the framework of the Project on national water supply and sewerage services, financed by the government of Azerbaijan and the World Bank.
22 January 2008 [11:23]

Azerbaijan's Economic Development Minister to visit Latvia

A government delegation of Azerbaijan led by Economic Development Minister Heydar Babayev, staying in Estonia since January 21, is going to visit Latvia on January 24.
22 January 2008 [11:09]

Azerbaijan to be represented at Public Infroctrukture-2008 forum in Germany

A government delegation of Azerbaijan will participate in an international forum "Public Infroctrukture-2008" in Hanover (Germany).
21 January 2008 [13:40]

Azerbaijan likely to pass a decision on Citibank’s representative office in February

The US Citibank intends to acquire a stake in one of local banks, besides its plans to convert its representative office in Baku into a branch, according to the National Bank of Azerbaijan.
21 January 2008 [11:31]

Baku Underground announces tender for overland groundwork at Nasimi Station

The Baku Underground has announced a public tender for overland groundwork at the Nasimi Station being under construction at Mammadova Street.
21 January 2008 [09:52]

Azerbaijan President to make keynote speech at World Economic Forum

The World Economic Forum will highlight the Power of Collaborative Innovation as a principal subject for the Annual Meeting on January 23-27 in Davos, Switzerland.
19 January 2008 [10:37]

Azerbaijan, Turkmenistan to work out intergovernmental contract on railway-ferry services

The first session of the Azerbaijan-Turkmen intergovernmental commission finished in Ashkhabad.
18 January 2008 [15:41]

BP eyes two more fixed Azeri units

The proposed new development would aim to extend plateau production of 1 million to 1.2 million barrels per day at the fields beyond 2012.
18 January 2008 [10:33]

Single company of international communication to be established in Azerbaijan

Project of creation of Azertelekom JSC has been worked out on basis of stations of the land satellite communication of Aztelekom JV, Baku telephone communication and Teleradio, used for international communication.