Business
12 February 2007 [10:49]
Glencore has won Azeri state oil firm SOCAR's tender for 450,000 barrels of Russian Urals crude oil for loading at Novorossiisk on Feb. 27-28.
12 February 2007 [10:42]
World Bank's mission on Real Estate Register project will visit Azerbaijan next week.
10 February 2007 [16:52]
Azerbaijan's Taxes Ministry plans to work out development program of tax system for the next five years, Taxes Minister Fazil Mammadov said.
10 February 2007 [16:41]
BBC staff are to stage a 24 hour strike in a row over job cuts, unions Bectu and the NUJ have announced.
10 February 2007 [16:40]
10 February 2007 [16:27]
Taxes will be paid through ATMs soon, Azerbaijan’s Taxes Minister Fazil Mammadov said.
10 February 2007 [12:26]
In recent years there has been renewed speculation as to how the issues surrounding exploitation of the oil resources in the Caspian Sea might be resolved.
10 February 2007 [02:21]
Oil rose on Friday after OPEC member Nigeria moved to cut supplies and on growing tension between the United States and Iran.
10 February 2007 [02:13]
British Financial Times Newspaper wrote that Turkey's strained relationship with the Bush administration is likely to worsen after the foreign minister, Abdullah Gul, failed to make significant progress on Ankara's main objectives in Washington this week.
10 February 2007 [02:08]
For the first time in Azerbaijan, postal delivery can be followed by the Internet.
10 February 2007 [02:08]
State Committee for Public Property Management, together with consulting companies, has prepared a package of proposals on restructuring of utilities and infrastructure sectors.
10 February 2007 [02:06]
International Bank of Azerbaijan-Moscow intends to enter TOP100 in Russia.
10 February 2007 [02:05]
UK Bureau Veritas Quality International will audit AtaLeasing for use of Quality Management System in accordance with ISO 9001:2000.
10 February 2007 [02:03]
As at February 1, Bank Standard's assets amounted to AZN 285.1mln ($327.4), up AZN 32.5mln ($37.3mln) or 13% from January 1.
10 February 2007 [01:57]
The weighted average exchange price made up 0.8699 AZN/USD at trading sessions on the Baku Interbank Currency Exchange today.
10 February 2007 [01:56]
Azerbaijan's transition from analog transmission to digital transmission will have three phases (2007-10, 2011-13, 2014-15).
10 February 2007 [01:53]
SOFAZ and Overture Financial Services LLC signed Thursday a contract to implement Phase II of the US TDA-funded SOFAZ Institutional Capacity Building project.
10 February 2007 [01:51]
Shahmar Movsumov, Executive Director of the State Oil Fund of Azerbaijan (SOFAZ), received the government delegation from the United States.
10 February 2007 [01:48]
On Feb. 15-18, International Hotel and Restaurant Equipments Exhibition (HOTEQ) will be held in Istanbul, Turkey.
10 February 2007 [01:48]
IBAR-Georgia, a subsidiary of International Bank of Azerbaijan, will start up in two months.
10 February 2007 [01:46]
Heavy industrial enterprises in Baku will move to the industry zone in suburban area, said Chairman of Azerbaijan State Committee for Property Management Karam Hasanov.
10 February 2007 [01:44]
International Monetary Fund mission will be visiting Azerbaijan on February 14-28.
10 February 2007 [01:43]
10 February 2007 [01:39]
10 February 2007 [01:38]
Azerbaijan Investment Company (AIC) and Milk-Pro LLC can sign an investment in March.
10 February 2007 [01:34]
United Kingdom National Audit Office has won the tender for Corporate and Public Sector Accounting Project funded by Japanese Government grant for Development of Political and Human Resources.
09 February 2007 [22:37]
President Ilham Aliyev has Friday issued a decree on privatization of state-owned Kapital Bank.
09 February 2007 [17:55]
About 50% of the vouchers have to date been withdrawn from circulation in Azerbaijan, said Chairman of Azerbaijan State Committee for Public Property Management Karam Hasanov.
09 February 2007 [17:53]
"The criminal case launched on theft in International Monetary Fund (IMF) Office in Azerbaijan continues. The office representatives cooperate with governmental bodies. We hope the investigation will soon be over, criminals will be punished and all the equipment of our office will be returned," IMF Office states.
09 February 2007 [17:20]
"The criminal case launched on theft in International Monetary Fund (IMF) Office in Azerbaijan continues. The office representatives cooperate with governmental bodies. We hope the investigation will soon be over, criminals will be punished and all the equipment of our office will be returned," IMF Office states.
09 February 2007 [15:48]
Azerbaijan's Minister of Economic Development Heydar Babayev met with Secretary General of the Economic Cooperation Organization (ECO) Khurshid Anwar.
09 February 2007 [15:33]
Kazakhstan's Parliament on Friday backed a government plan to tighten control over foreign oil companies, increase state and domestic companies' assets in the energy sector, and limit foreign borrowing by Kazakh banks.
09 February 2007 [14:42]
Azerbaijan State Agency for Public Property Management, Finance Ministry, Economic Development Ministry, National Bank and other relevant bodies have prepared a package of proposals on privatization of 50% of the state owned Kapital Bank.
09 February 2007 [14:15]
New administrative building for the Department on work with heavy taxpayers has been inaugurated.
09 February 2007 [13:50]
State Veterinary Service under Agriculture Ministry taking into account bird flu virus in Turkey, temporarily limited the import of fowls, feed and goods under veterinary control from this country.
09 February 2007 [11:33]
Bank Respublika, in an effort to expand its network in the country, opened a new service point in Goychay located at 23, M.A.Rasulzade Street.
09 February 2007 [11:30]
International expert panel and Booz Allen Hamilton Consulting will offer a package of proposals to Azerbaijan's parliament and government on March 31.
09 February 2007 [11:29]
Azerbaijan's AtaLeasing has concluded leasing agreements worth $350,000 in January, 2007.
09 February 2007 [11:28]
"There is no problem unsolved between Azerbaijan Taxes Ministry and Barmek-Azerbaijan," said Taxes Minister Fazil Mammadov.
09 February 2007 [11:17]
A Communications House is planned to be constructed in Ganja in the nearest future.
09 February 2007 [11:16]
Money transfer turnover of Azerdemiryolbank in 2006 rose fivefold to AZN 29.8mln (US $34mln).
09 February 2007 [10:56]
As Polish Ambassador to Ukraine Jacek Kluczkowski told journalists on Thursday, for realization of the Odesa-Brody-Plock oil pipeline project guarantees from Azerbaijan and Kazakhstan are lacking. Poland wants to participate in the project, but guarantees from suppliers are needed.
09 February 2007 [10:40]
Willie International Holdings Ltd said it is studying the prospects of cooperating with various parties in forming a joint venture for an oil recovery project in Azerbaijan.
09 February 2007 [02:44]
Alcatel-Lucent, the newly merged telecom equipment maker is working formation of structures in the CIS region.
09 February 2007 [02:41]
Chicken and egg fairs will be organized by the Azerbaijan Poultry Society and the Economic Development Ministry in Taza Bazaar, Sabunchu Bazaar and 3rd Microdistrict Bazaar in Baku.
09 February 2007 [02:38]
Azerbaijan produced 712.52mln cu m of gas against the planned 710.74mln cu m with an excess of 0.3% in January, 2007.
09 February 2007 [02:33]
State Oil Company of Azerbaijan (SOCAR) and Total of France have signed a Memo of Understanding on development of Absheron Offshore Field in the Azeri sector of the Caspian.
09 February 2007 [01:38]
The weighted average exchange price made up 0.8699 AZN/USD at trading sessions on the Baku Interbank Currency Exchange Feb 8.
09 February 2007 [01:33]
As expected, oil products were most sold in Baku and least in the settlement of Horadiz, Fuzuli in January.
08 February 2007 [23:45]
Association of Azerbaijan Insurers intends to help local insurance companies in accession to Green Card System, Deputy Minister of Finance, Azer Bayramov, stated.
08 February 2007 [23:31]
The State Oil Company of Azerbaijan (SOCAR) (excluding Operating Companies and Joint Ventures) has 6 117 production wells.
08 February 2007 [23:29]
The supply portfolio dipped in real estate market from early January, Azeri Real Estate Index rose 5.8 or 2.35% to settle at 254.7, the Public Union of the Real Estate Market Participants informs.
08 February 2007 [16:32]
Oil prices slipped further Thursday, continuing their downward trend after the U.S. Department of Energy's weekly inventory report showed lower than expected demand for distillate fuels like heating oil.
08 February 2007 [15:58]
Baku hosts an International Conference on Fight against Counterfeit Drugs.
08 February 2007 [13:55]
The entry of International Bank of Azerbaijan into Georgia will cut prices on credit resources, said Roman Gotsiridze, President of NBG (National Bank of Georgia).
08 February 2007 [13:45]
A new regional railway, Baku-Akhalkalaki-Kars, will link Asia with Europe to become "a modern version of the new Silk Road," Georgian President Mikhail Saakashvili said after negotiating with visiting Turkish and Azerbaijani leaders in Tbilisi on February 7.
08 February 2007 [13:34]
Azerbaijani, Georgian and Turkish leaders inaugurated a new terminal of the Tbilisi International Airport, which was constructed by the Turkish consortium TAV-Urban, on February 7.
08 February 2007 [12:07]
"Today, it is possible to widen roads in Baku. Unfortunately, this opportunity is not seized now," said Deputy Minister of Transport Musa Panahov.
08 February 2007 [11:32]
Azerbaijani, Georgian and Turkish leaders agreed on February 7 in Tbilisi to launch construction of the electricity transmission line which will link Azerbaijan with Turkey via Georgia.
08 February 2007 [10:55]
Douglas Menarchik, USAID's Assistant Administrator for Europe and Asia attended the inauguration of the Economic Partnership Commission between the US and Azerbaijan in Baku.
08 February 2007 [10:54]
AzEuroTel intends to install Code Division Multiple Access pay telephones in Baku and surrounding regions.
08 February 2007 [10:52]
US Trade and Development Agency will render technical assistance worth $855,000 to the State Oil Fund of Azerbaijan, as per the MOU signed on Feb. 7, said Executive Director of the SOFAZ Shahmar Movsumov.
08 February 2007 [10:51]
State Oil Company of Azerbaijan is negotiating with Total, Chevron and Agip on transit of Kazakhstan oil through Azerbaijan, said SOCAR President Rovnag Abdullayev.
08 February 2007 [10:50]
The transmission capacity of Baku-Tbilisi-Ceyhan will reach its maximum capacity by April 1, said SOCAR President Rovnag Abdullayev.
08 February 2007 [10:49]
Azerbaijan has not arranged the date for next round of negotiations on accession to the World Trade Organization, said Deputy Foreign Minister, Mahmud Mammadguliyev.
08 February 2007 [10:46]
Appeal Court held a preparatory meeting on the appeals of former six officers of Barmek-Azerbaijan Electricity Distribution LLC.
08 February 2007 [10:40]
The currency reserves of the National Bank of Azerbaijan is close to US $8bln, said Chairman of the management Board of the National Bank, Elman Rustamov.
08 February 2007 [10:39]
Local stationary telephone maker of Azerbaijan, Kur LLC, will produce 50,000 telephones this year.
08 February 2007 [10:32]
The Board of Trustees of Azerbaijan Export and Investment Promotion Foundation (AzPromo) met on Tuesday.
08 February 2007 [10:30]
As of January 1, Mughan Bank's assets made AZN 39,831,000, up 87% from the previous year, and net profit doubled to AZN 1,020,000.
08 February 2007 [10:29]
A package of proposals is being worked out to convert Azerbaijan State Railways (ADDY) to a Joint Stock Company.
08 February 2007 [10:11]
National Bank of Azerbaijan is carrying out preparation for currency notes disintegration process.
08 February 2007 [10:09]
Some Azeri banks asked the National Bank for extra time as they didn't manage to completely float their stock issue due to non-workdays in early January.
08 February 2007 [10:06]
Azerbaijan's National TV and Radio Council will hold a meeting on the results of the tender on ANS TV and ANS ChM frequency at the end of this week.
07 February 2007 [22:37]
Azerbaijan's Minister of Economic Development, Heydar Babayev, met with the U.S. delegation led by Daniel Sullivan, Assistant Secretary of State for Economic, Energy and Business Affairs, and co-Chair of the U.S.-Azerbaijan Economic Partnership Commission.
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