Business
04 April 2007 [08:10]
In January-February 2007, GDP grew 9 percent on average in the CIS compared with the same period in 2006, the CIS intergovernmental statistics committee said.
04 April 2007 [08:07]
Kazakhstan will guarantee at least 10 million tons of cargo for a new railway line being built across the Caucasus and into Turkey, the Kazakh transport minister said Tuesday, in what would be a major vote of confidence for the cargo route.
04 April 2007 [08:04]
OJSC Royal bank of Baku intends to establish three new branches in capital this year.
04 April 2007 [07:56]
0n April 6-7, South Korean Company SKC will deliver a presentation of its technical draft for creation of Intellectual Traffic Control System in Baku.
04 April 2007 [07:54]
State Oil Company of Azerbaijan (SOCAR) exported 119,563 tons of crude oil through the Baku-Novorossiysk route during March.
04 April 2007 [07:51]
Azerbaijan's National Confederation of Entrepreneurs (Employers) Organizations (AEC) will hold trainings to increase productivity and competitiveness of the employers from April 4 to 6.
04 April 2007 [07:47]
Azerbaijan's UniLeasing has started a car leasing campaign for individuals.
04 April 2007 [07:47]
Azerbaijan is carrying out a WB-supported project to improve public immovable property management and registration.
04 April 2007 [07:45]
Azeryolservis OJSC has reconstructed over 20km road in Baku from February 21 to April 1 at the expense of Highway Targeted Budget Fund.
04 April 2007 [07:45]
The average monthly salary stood at AZN 161.4 during January and February, 25.4% higher than a year earlier.
04 April 2007 [07:44]
As of April 1, 635 mortgage loans were lent through funding from Azerbaijan Mortgage Fund. The total amount of financed loans was AZN 21mln.
04 April 2007 [07:43]
Azerbaijan's Finance Minister Samir Sherifov has left for Turkey to attend the first annual conference on current issues in financial management. The conference will be held in Turkey's Bikkent University.
03 April 2007 [21:28]
Promoting professional relations between employers and employees and raising awareness of labour rights are the focus of a seminar that started in the Nakhchivan Autonomous Republic of Azerbaijan on Tuesday.
03 April 2007 [20:46]
In March, according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) Standard Capital headed the ranking of brokers with brokerage services in the total amount of AZN 37,701,906.22 provided to six clients.
03 April 2007 [20:45]
Barmek-Azerbaijan Electricity Distribution LLC will claim Azerbaijan government damages worth 450-500 USD in International Center for Settlement of Investment disputes (ICSID).
03 April 2007 [20:44]
87 deals were closed at 32 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during March.
03 April 2007 [20:40]
Russia's Federal Agency for Sea and River Transport has not replied to Azerbaijan State Shipping Company's request to get a vessel passage via Russia's waters from April to November. Although navigation season began in Russia on April 15 the issue remains open.
03 April 2007 [20:30]
Kazakhstan reiterated its desire to be part of the Baku-Tbilisi-Ceyhan oil pipeline during a meeting Tuesday in the Azerbaijani capital.
03 April 2007 [19:37]
The total amount of the deals closed on Baku Stock Exchange tripled, year-on-year, to AZN 532.007mln over the first quarter of 2007.
03 April 2007 [19:24]
Azerbaijan's Transport Minister Ziya Mammadov will lead a delegation to the United Arab Emirates on April 18 through 20.
03 April 2007 [19:11]
Five southern European states and the European Commission signed Tuesday a declaration to build a pan-European oil pipeline to link Romania's Black sea port of Constanta with Italy's Trieste on the Adriatic.
03 April 2007 [14:04]
Kazakhstan has pledged to direct at least 10 million tonnes of cargo annually to the Baku-Akhalkalaki-Kars railway route, which is expected to go into operation after two and a half years, according to the Georgian Economy Ministry.
03 April 2007 [12:28]
As of April 1, the official currency reserves of the National Bank of Azerbaijan reached USD 2,007.62mln.
03 April 2007 [12:02]
The trade turnover between Azerbaijan and Georgia increased by 51 percent and amounted $59.8 million for the January and February of 2007 in compare with the corresponding period of 2006.
03 April 2007 [11:28]
03 April 2007 [11:26]
On Wednesday Georgian Prime Minister Zurab Nogaydely will pay a day visit to Azerbaijan.
03 April 2007 [09:12]
The weighted average exchange prices made up 0.8667 AZN for 1 US dollar in the Baku Interbank Currency Exchange on April 2.
03 April 2007 [09:10]
The meeting devoted the oil and gas field development in the Caspian and Black Seas and transportation to Europe was held at the Ministry of Industry and Energy of Azerbaijan.
03 April 2007 [07:53]
The second Meeting of Economic Cooperation Organization (ECO) Transit Transport Coordination Council can be held in June-July in Baku.
03 April 2007 [07:52]
Sumgait Electricity Networks has set up a task force to deal with the problems and debts owed by customers since the Barmek-Azerbaijan's period.
03 April 2007 [07:51]
Azerbaijan's Finance Ministry has announced a competition for printing of tax invoices.
03 April 2007 [07:47]
Booz Allen Hamilton consulting firm submitted the package of proposals on Regional Innovation Zones Establishment Project to Communications and Information Technologies Ministry of Azerbaijan on March 31.
03 April 2007 [07:46]
OJSC Royal Bank of Baku intends to raise its authorized capital 135 during the first quarter to AZN 10 million.
03 April 2007 [07:45]
A group of specialists of Transport Ministries of Azerbaijan, Georgia and Turkey and relevant bodies will visit Ukraine and Belarus on April 16.
03 April 2007 [07:43]
In late April, UK Bureau Veritas Quality International will conduct audit in AtaLeasing Company on application of Quality Management System that meets ISO 9001:2000 standards.
03 April 2007 [07:43]
Bank Standard lent the first home loan in Azerbaijan a year earlier.
03 April 2007 [07:42]
The official inauguration of the Baku Grain Terminal will take place on April 4.
03 April 2007 [07:41]
Ural Optic and Mechanical Plant intends to open office in Azerbaijan.
03 April 2007 [07:39]
Azal Sighorta Insurance Company increased premium collection 11.77% to AZN 13,486,223.25 during 2006.
03 April 2007 [07:38]
Azerbaijan's leading mobile operator Azercell Telecom JV has put into operation GPRS/MMS roaming service with Hong Kong PCCW Mobile HK Limited operator.
03 April 2007 [07:37]
On April 12-13, the meeting of special experts group will be held in the frame of Black Sea Economic Cooperation Organization in Varna, Bulgaria.
02 April 2007 [22:19]
The National Bank of Azerbaijan is starting the interest rate corridor from the second quarter within the scope of monetary policy efficiency improvement.
02 April 2007 [22:11]
The world's leading hotel chains plan to enter Azeri market
02 April 2007 [21:59]
Preliminary court proceeding on case of president of Barmek-Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, continued on the second half of the day.
02 April 2007 [21:57]
Azerbaijan and Russia has broken off mutual electricity sales relations since April 1 amid a dispute over the prices.
02 April 2007 [21:52]
Azerbaijan State Railway Company (ADDY) has submitted the Railway Development Draft Programme to the Government for consideration.
02 April 2007 [15:37]
April 24, Russia-Azerbaijan Intergovernmental Commission for Economic Cooperation will meet in Moscow to discuss a number of issues, Yuri Shedrin, Head of Russia's Trade Office in Azerbaijan, told.
02 April 2007 [14:48]
Monday, the 6th meeting of the Trade, Economy and related legal issues subcommittee was held in Baku.
02 April 2007 [14:44]
Preliminary court proceeding on case of president of Barmek-Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, started.
02 April 2007 [13:53]
Monday, Baku hosted the multilateral meeting of the European Commission, Azerbaijan, Georgia and Kazakhstan to discuss the Caspian and Black Seas and the EU energy corridors.
02 April 2007 [11:29]
Winding up his visit in Azerbaijan the Polish President voiced hope for scheduling an energy summit of representatives from Central European and Asian countries in Warsaw.
02 April 2007 [10:49]
Azerbaijan Investment Company has drafted a memorandum to finance three new projects.
02 April 2007 [09:40]
Migrant workers in Russia found themselves legislated out of a job yesterday after a law reserving retail jobs for ethnic Russians entered into force.
31 March 2007 [12:42]
Russia can stop delivering electricity to Azerbaijan from April 1.
31 March 2007 [10:08]
The second meeting of Greece-Azerbaijan Intergovernmental Commission has been scheduled for late May.
31 March 2007 [10:07]
Azerbaijan has become the member of the Advisory Committee of the International Telecommunications Satellite Organization.
31 March 2007 [10:05]
International Real Property Foundation will help Azerbaijani real estate agencies' accession into the Central European Real Estate Association Network (CEREAN), said IRFC CEO Mr. Norman D. Flynn.
31 March 2007 [09:33]
During January and February 73% of the 1.1 mln tons of processed oil products were used to supply consumption on the domestic market and 27% were sent sold abroad in Azerbaijan.
31 March 2007 [09:32]
As of March 1, Azerbaijan's economically active population, of which 3,978,000 are employed and 291,000 jobless.
31 March 2007 [00:21]
"Russia approaches delicately to the possible transportation of Turkmenistan’s gas through Azerbaijan. This concerns Turkmenistan, Azerbaijan and potential consumers most of all," Russian Ambassador Vasili Istratov said while commenting on official Baku statements on transporting Turkmen gas via Azerbaijan.
30 March 2007 [23:43]
First Deputy Prime Minister of Azerbaijan Yagub Eyyubov was elected co-chair of the CIS Economic Council.
30 March 2007 [23:40]
The board meeting of Azerbaijan Investment Company has today passed a decision to invest $5.375mln for a 20% equity stake in Milk-Pro LLC, a dairy products and juices maker.
30 March 2007 [23:26]
OJSC Bakielectricshebeke, Baku Electricity Networks, has approved its Investment Program for 2007-2008.
30 March 2007 [23:23]
Insurance companies operating in Azerbaijan collected a total of AZN 88.330mln in premiums during 2006. Ateshgah Joint Stock Venture tops the list of collections.
30 March 2007 [22:58]
During January, 2007 Azerbaijan's trade operations with 86 nations totaled to US $785.6mln of which exports accounted for $396.0 mln and imports made up $389.5mln, including humanitarian goods worth $8,9mln imported to the country through the state, government and international organizations.
30 March 2007 [15:03]
Malta's FimBank appealed against the court decision on lifting the arrest from 500,000 stocks of Azeri Government in the European Telecommunications Satellite Organization (Eutelsat).
30 March 2007 [14:25]
Real estate market is healthier in Baku than Yerevan and Tbilisi, said Mr. Norman D. Flynn, Chief Executive Officer of International Real Property Foundation, who is visiting Baku.
30 March 2007 [13:39]
Turkey is devising plans to transport oil to Far Eastern markets from the Baku-Tbilisi-Ceyhan oil pipeline (BTC) via Israel, said Ismail Capanoglu, foreign relations director of the state-owned Turkish Pipeline Company (BOTAS).
30 March 2007 [13:33]
Azerbaijan's real estate market prices rose 15% during January-February, said Real Estate Market Participants Union CEO Nusrat Ibrahimov.
30 March 2007 [13:29]
Mr. Norman D. Flynn, Chief Executive Officer of International Real Property Foundation and Mr. Nusrat Ibrahimov, President of Azerbaijan Real Estate Market Participants Union signed an agreement with support of the U.S. Agency for International Development (USAID).
30 March 2007 [13:27]
Azerbaijan is going to build a high-tech oil refinery in Ceyhan Port, a Turkish port which is the end of Baku-Tbilisi-Ceyhan Pipeline carrying the Caspian oil from Azerbaijan to the world market via Georgia and Turkey.
30 March 2007 [09:41]
Belarusian companies got the permission for oil mining in Azerbaijan, a corresponding agreement was signed by the Prime Ministers of Belarus and Azerbaijan Syargey Sidorsky and Artur Rasizade in Baku on Thursday.
30 March 2007 [09:23]
Azerbaijan is interested in implementation of the Nabucco pipeline and is ready to be a transit player, said the country's industry and energy minister Natig Aliyev.
30 March 2007 [09:22]
Caucasus Holding's tractor repair plant in Sabirabad will produce high-pressure rubber pipe.
30 March 2007 [09:21]
Azerbaijan's leading mobile operator Azercell telecom has concluded roaming agreements with Russia's LLC Ekaterinburg 2000 (GSM 1800) and South Korea's KTF (WCDMA).
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