Business
21 October 2006 [11:42]
"First Dynasty Mines" (FDM) Company of Canada invested US $22, 1 in gold extraction in Nagorno Karabakh, occupied Azerbaijan territories.
21 October 2006 [11:23]
Number of issues were discussed at the first meeting of Azerbaijan-Italian intergovernmental commissions for economic cooperation, Deputy Economic Development Minister told reporters.
21 October 2006 [11:15]
Hand-over test of Barmek Electricity Distribution Company LLC is in plight and our expectations go real, Deputy Economic Development Minister Mikayil Jabbarov said.
21 October 2006 [10:49]
The assets of the UniBank have risen by 106.9% in comparison with September 2005 and reached AZN 122.053 m, which represents an 88.5% increase as against January 1, 2006.
21 October 2006 [10:47]
KfW Development Bank, in Frankfurt, and the Swiss State Secretariat for Economic Affairs (SECO), in Berne, signed respectively the loan and grant agreements covering the financing of the 'Open Program Municipal Infrastructure II' aiming at the rehabilitation of the water supply and waste water treatment systems in the towns of Ganja and Sheki.
21 October 2006 [10:31]
Average monthly salary of employees working for Azerbaijani economy constituted AZN 138.5 in January-August this year. That represents 20% increase as against the same period last year.
21 October 2006 [00:56]
Azerbaijani delegation led by Taxes Minister Fazil Mammadov visited October 17-18 Turkey to discuss the development of cooperation with the Turkey's Finance Minister, Ministry's public relations department said.
21 October 2006 [00:54]
The weighted average exchange prices made up 0.8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 20.
20 October 2006 [16:40]
Implementation of the Baku-Tbilisi-Akhalkalaki-Kars Railway Project will be completed by late 2008, transport minister Musa Panahov said.
20 October 2006 [16:31]
The National Bank announced an open competition for designing and building new administrative buildings.
20 October 2006 [16:23]
The meeting of the Milli Majlis standing commission on natural resources, energy and ecology issues held October 19 focused "Loan Agreement between the Republic of Azerbaijan and the OPEC Fund for International Development on Samur-Absheron Irrigation System Project."
20 October 2006 [15:01]
The decision to cut output 1.2m barrels a day (4%), slightly more than expected, was made at a late-night emergency meeting in Doha, the capital of the Persian Gulf state of Qatar.
20 October 2006 [11:04]
Russian energy monopoly Unified Energy System is ready to replace Barmek Company in Azerbaijan and to run electricity in Baku and Sumgait.
20 October 2006 [10:59]
The average salary was 138.5 AZN from January to September of 2006 in Azerbaijan.
20 October 2006 [10:56]
The first sitting of the economic intergovernmental commission of Azerbaijan and Italy will be held on October 20 in Baku.
20 October 2006 [09:49]
Ilham Aliyev, President of Azerbaijan, signed the law "On Ratification of the Agreement between Azerbaijan and the Republic of Kazakhstan on Co-operation and Creation of Conditions for the Oil Transportation from Kazakhstan through the Caspian Sea and the Territory of Azerbaijan to International Markets via the Baku-Tbilisi-Ceyhan (BTC) System.
20 October 2006 [09:44]
Azerbaijan and Turkey are negotiating on energy transfer to Nakhchivan for 2007 Azerenergy OJSC President Etibar Pirverdiyev said.
20 October 2006 [09:32]
As of October 1, the assets of Respublika Joint-Stock Commercial Bank rose 55.3 percent during January-September to AZN 90 497.8mn.
20 October 2006 [09:22]
The weighted average exchange price made up 0.8721 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange.
20 October 2006 [09:10]
Gross domestic product – the output of goods and services produced by labor and property in Azerbaijan- grew by 34% year on year, in the first nine months of 2006, to AZN 12.7302bn, State Statistical Committee told.
20 October 2006 [09:05]
Auction on placement of short-term notes of National Bank with the state registration number 50100114S was held at Baku Stock Exchange on October 19. The volume of the issue is AZN 40m, face value per note AZN 200, turnover period 27 days.
20 October 2006 [09:03]
International Bank of Azerbaijan (IBA) will provide banking service in Georgia from January 1, 2007, Georgia's economic development minister Irakli Chogovadze told press.
20 October 2006 [09:01]
Glencore Energy UK Ltd. has won the tender announced by SOCAR Marketing and Economic Operations Department.
20 October 2006 [08:55]
TRACECA members - Azerbaijan, Georgia and Turkey - supports Baku-Tbilisi-Akhalkalaki-Kars railway project but the European Union doesn't take this issue positive, Akif Mustafayev, TRASECA National Secretary for Azerbaijan, told.
20 October 2006 [08:51]
During the period of January-September the incomes of Azerbaijani population reached AZN 7.4bn at face value which represents a 21.2% or AZN 1.3 m on the same period last year.
20 October 2006 [08:43]
State Agency for Standardization, Metrology and Patents' ban on some wineries will be effective for long period, Agency Director Ramiz Hasanov stated.
19 October 2006 [21:08]
Azerbaijan will not be able to supply Georgia this year with the additional gas supplies that the Georgian government is seeking in order to forestall the possibility of an energy crisis. Some experts in Baku believe that Russia's ongoing diplomatic row with Georgia is influencing Azerbaijani policy decisions.
19 October 2006 [15:57]
Strong fire happened in Khatai district today.
19 October 2006 [15:25]
The first Shah Deniz gas is expected to be produced by the end of this year.
19 October 2006 [14:45]
Oil steadied below $58 on Thursday ahead of an OPEC meeting where ministers were expected to cut production for the first time in more than two years.
18 October 2006 [21:58]
The office of Georgian Oil Company is being handed over to International Bank of Azerbaijan through the direct sale procedure.
18 October 2006 [15:14]
President of Azerbaijan Ilham Aliyev visited the Minsk Automobile Plant on October 17.
18 October 2006 [15:11]
The National Bank of Azerbaijan intends to cooperate on the technical aid with the United States Agency for International Development (USAID). Negotiations with the newly-appointed USAID representative will be held to the effect.
18 October 2006 [12:29]
Indian Oil (IOC) is looking at Europe for growth. The country's largest refiner has applied to the Energy Market Regulatory Authority of Turkey for setting up a 15-million-tonne, $6-billion grassroots refinery at the Mediterranean port city, Ceyhan.
18 October 2006 [12:18]
Citigroup has agreed to pay $3.1 billion for a 20 percent stake in Turkey's Akbank, a move seen aimed at strengthening the U.S. financial giant's position in the competitive and fast-growing Turkish market.
18 October 2006 [11:42]
The third Extractive Industries Transparency Initiative (EITI) conference on fighting corruption in the energy and mining sectors urged poor but resource-rich countries to protect their wealth with fiscal transparency.
18 October 2006 [11:09]
Russia was the main trade partner of Georgia during the period of January-August.
18 October 2006 [11:03]
For next year, Azerbaijan's domestic debt ceiling was set at AZN 300 000 and foreign debt ceiling AZN 1.2m, Parliament economic policy commission informed.
18 October 2006 [10:59]
As of 1 October, 2006 assets of Bank of Baku open joint-stock company made up AZN 64.16m increasing by 17.51% or AZN 9.56m as against the early year.
18 October 2006 [10:57]
Georgian Fuel and Energy Minister Nika Gilauri will visit Iran to hold talks on gas imports on October 22-23.
18 October 2006 [10:53]
The 3rd international Extractive Industries Transparency Initiative Conference opened October 16, 2006 in Oslo, Norway.
18 October 2006 [10:48]
Over 1.104bn cu m of gas has to date been injected into underground reservoirs. Azerigas spokesman Kamandar Eyvazli told that the volume of gas in reservoirs will exceed the volume of last year.
18 October 2006 [09:54]
The indirect subsidy from the State Budget for the unpaid fuel purchased for energy sector is planned to be AZN 330 000.
18 October 2006 [09:49]
Swiss Company ADDAX BV has won the tender announced by SOCAR Marketing and Economic Operations Office.
17 October 2006 [17:00]
The concept adopted by Dubai-based Techno Park to promote development through a culture of innovation in science and technology has attracted considerable attention at a conference on special economic zones in Baku, Azerbaijan.
17 October 2006 [15:28]
Caspian Service garage collapsed at Deep Jacket Factory.
17 October 2006 [15:24]
President Ilham Aliyev approved and sent the 2007 Draft State Budget to Parliament.
17 October 2006 [15:20]
President Ilham Aliyev issued a decree on ratifying new Azerbaijani composition of Joint Intergovernmental Commission for Azerbaijan-Belarus Economical Corporation.
17 October 2006 [15:18]
The first natural gas supply that would be transported by Nabucco gas pipeline would come from Azerbaijan, Bulgaria's newspaper Banker weekly quoted Bulgargaz executive director Kiril Gegov as saying.
17 October 2006 [10:16]
Foreign Minister Elmar Mammadyarov on October 16 met with Ambassador Peter Allgeier, US Representative at World Trade Organization (WTO).
17 October 2006 [09:10]
Azercell Telecom has started SMS Days Campaign.
17 October 2006 [09:09]
The total assets of Atabank grew 55.2% in the period of January-September to AZN 49.5m.
17 October 2006 [09:08]
"The World Trade Organization wants Azerbaijani Government to reduce subsidy to agriculture from 14% to 10% and lower," Deputy Foreign Minister, head of the negotiations group for WTO accession, Mahmud Mammadguliyev said.
17 October 2006 [09:07]
AtaBank has to date issued over 14 000 plastic cards.
17 October 2006 [09:03]
A delegation composed of representatives of some 30 foodstuff companies will participate in CIAL foodstuff exhibition in Paris.
17 October 2006 [09:01]
World Bank mission for pensions and social allowances will visit Azerbaijan on October 19-27.
16 October 2006 [20:33]
The weighted average exchange prices made up 0.8730 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 16.
16 October 2006 [20:26]
Armen Avetisian, the controversial chief of the Armenian customs, claimed on Monday that his agency is not as corrupt as is widely thought and might even be more law-abiding than customs authorities in the United States.
16 October 2006 [18:51]
Azerbaijan has suspended grain imports from Russia and Kazakhstan.
16 October 2006 [16:30]
The external debt of Azerbaijan has stood at USD 1 8bn and that is to say, per capita foreign debt equaled to $215, Ziyad Samadzade, chairman of economic policy standing commission of Parliament, said reporters.
16 October 2006 [16:08]
Turkish consumers were advised on Sunday to cool their anger over the French parliament's decision to criminalize denial that Armenian killings during World War I constituted "genocide."
16 October 2006 [15:34]
The fare for subway will not rise next year.
16 October 2006 [15:12]
Chairman of the Chamber of Auditors of Azerbaijan Vahid Novruzov will attend the Slovak Chamber of Auditors' international conference on "European Union's 8th Directive and statutory audit" in Slovakia's capital of Bratislava, October 19-20.
16 October 2006 [13:17]
The World Trade Organization's requirements to Azerbaijan are very difficult, Deputy Foreign Minister, head of the negotiations group for WTO accession, Mahmud Mammadguliyev said.
16 October 2006 [12:36]
A workshop took place today, examining problems of Azerbaijan's industry priorities development within Technical Cooperation Program for Azerbaijan by United Nations Industrial Development Organization (UNIDO) and World Trade Organization (WTO).
16 October 2006 [11:37]
Wartsila said it has won an order to supply Azerbaijan's AzerEnerji with a 300 MW multi-fuel power plant.
16 October 2006 [09:51]
The industry and energy ministers of Korea and the Republic of Azerbaijan will hold a joint economic conference on Monday in Seoul to discuss ways to boost economic cooperation.
15 October 2006 [20:01]
Dr. Tina Gelashvili, the head of the economics department at the University of Tbilisi's Akhaltsikhe campus, believes the railroad will create new opportunities for both Georgia and Turkey.
15 October 2006 [18:43]
Turkish consumers are launching a boycott of French goods following the French parliament's decision to pass the Armenian bill, which foresees punishment of those denying an "Armenian genocide." Some Turkish citizens are refusing to buy products upon learning they are French.
15 October 2006 [15:00]
Azercell Telecom joint company has signed a roaming agreement with Maldives' Wataniya Telecom mobile operator.
15 October 2006 [14:58]
The weighted average exchange prices made up 0.8734 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 13.
15 October 2006 [14:39]
Azerbaijan Economical Development Ministry Tariff Council held press conference with participation of Economic development Minister Heydar Babayev and Deputy Transport Minister Musa Penahov concerning apply of new tariffs in buses.
15 October 2006 [14:38]
Financial income flood causes danger for Azerbaijan It means that two-digit inflation still remains in Azerbaijan, Ziyad Samadzadeh, the chief of Azerbaijan Parliament Economical Policy Commission told journalists.
14 October 2006 [16:21]
Tariff Council will not discuss subway fee this year, Heydar Babayev, Azerbaijan Economic Development Minister and Tariff Council chief told journalists at the press conference.
14 October 2006 [13:45]
World Trade Organization (WTO) and UN Industry Development Organization (IDO) provide technical aid for Azerbaijan in 2006.
Man arrested after Denmark's Billund Airport evacuated over bomb threat
Ecuador president declares state of emergency over energy crisis
UAE minister: Palestinian membership in UN would contribute to peace process in region
Kenyan delegation to visit Azerbaijan
CBA governor meets with counterparts from Caucasus and Central Asian countries
International Monetary Fund ready to support Azerbaijan in hosting COP29
Cargo, passenger transportation increases in Azerbaijan