Business
24 January 2007 [00:12]
Bank Standard is going to implement Temenos T24 banking system in order to bring business process in line with world standards.
24 January 2007 [00:11]
Government of Azerbaijan is considering the project on establishment of a special oil shipping company.
24 January 2007 [00:09]
Government of Azerbaijan intends to acquire some part of Swiss Hollsim's interest in Garadagh Cement.
24 January 2007 [00:06]
Bank Standard, as an authorized bank of the Azerbaijan Mortgage Fund, lent 34 mortgage loans worth AZN 668,476 during 2006.
24 January 2007 [00:05]
The assets of the UniBank CB rose 115% to AZN 138.9m in 2006.
23 January 2007 [23:59]
Three more villages of Gedebey are planned to be supplied with gas.
23 January 2007 [21:48]
The weighted average exchange prices made up 0,8711 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 23.
23 January 2007 [21:46]
A delegation of the Islamic Development Bank (IDB) led by F. Maaruf visited Azerbaijan from January 15 to 22, public relations department of IDPs Social Development Fund said.
23 January 2007 [21:44]
President Ilham Aliyev received at the Presidential Palace Mogens Bay, the Chairman and Chief Executive Officer of the American Valmont Industries, Inc.
23 January 2007 [21:07]
Russia's largest mobile handset retailer Euroset has opened its first store in Azerbaijan, the company said in a press release Tuesday.
23 January 2007 [17:06]
Israel needs to prepare for upcoming world energy shortages, Infrastructure Minister Binyamin Ben Eliezer told the Herzliya Conference Tuesday.
23 January 2007 [17:02]
Production from the first well in Shah Deniz Field, the giant one in the Azerbaijani sector of the Caspian, has been indefinitely suspended since Monday, Jan. 22.
23 January 2007 [15:48]
Chief of the Georgian state-run Railway Company Irakli Ezugbaia is in Baku on January 23 to discuss the technical details of a regional railway project that will link Azerbaijan with Turkey via Georgia.
23 January 2007 [15:43]
Azerbaijan's trade surplus in 2006 amounted to $1.107 billion, which is 650% more than in 2005, State Customs Committee Chairman Aydin Aliyev said at a meeting of the Cabinet of Ministers on Monday.
23 January 2007 [15:42]
An Iranian diplomat said on Tuesday that electricity supplied by Iran to Azerbaijan will increase from the current 280mw to 800mw next Iranian year after an expansion project for erection of a number of transfer lines is completed.
23 January 2007 [12:02]
Azerbaijan's President Ilham Aliyev said late on Monday that his oil-rich country could live without Russian gas after facing steep price rises for imports from Kremlin-controlled gas giant Gazprom.
23 January 2007 [00:41]
Syrian Minister of Economy and Trade Amer Lutfi Hosni on Monday discussed with the Ambassador of Azerbaijan in Amman Elman Arsali economic cooperation between Syria and Azerbaijan and means of boosting them.
23 January 2007 [00:35]
European Bank for Reconstruction and Development intends to join the founders of MilliCard Procesing Center.
23 January 2007 [00:34]
Industry and Energy Ministry of Azerbaijan has commenced to work out 2007-12 State Program for Industry Development.
23 January 2007 [00:32]
A delegation from Georgia has visited Baku to have talks on the financing of Baku-Tbilisi-Akhalkalaki-Kars railway project.
23 January 2007 [00:31]
The weighted average exchange price made up 0.8712 AZN/USD at trading sessions at the Baku Interbank Currency Exchange today.
23 January 2007 [00:28]
Construction of an oil refinery and necessary infrastructure requires investment of US$5 billion, the SOCAR President Rovnag Abdullayev said.
23 January 2007 [00:11]
President of Azerbaijan Ilham Aliyev issued a decree on increase of basic pensions according to the age.
23 January 2007 [00:07]
Baku Metro announced a tender on purchase of 220 tons of R-50 rails for 2007.
23 January 2007 [00:06]
SOCAR plans to drill a new exploration well in Nakhchivan oilfield this year.
23 January 2007 [00:05]
Karasu Operating Company (KAOC), dealing with exploration and development of the Mishovdag and Kelameddin oil fields onshore Azerbaijan, produced 279,600 tons of oil during the period January-November, 2006, 37,066 tons up from the same period last year.
23 January 2007 [00:03]
A delegation of Kuwait Audit Bureau will visit Azerbaijan in the nearest future.
22 January 2007 [23:47]
The AIG Caspian International Company has released its annual report.
22 January 2007 [23:46]
State Oil Company of Azerbaijan (SOCAR) intends to construct a new oil refinery near Kulevi Terminal (Georgia).
22 January 2007 [23:43]
National Confederation of the Entrepreneurs (Employers') Organizations of Azerbaijan Republic (AEC) has been chosen as local partner on the "Managers' Training Programme IV" (MTP 4) funded by the EU.
22 January 2007 [23:41]
The Azerbaijan State Agency for Standardization, Metrology and Patents has converted former Azeryetintisenaye Institute (Azerbaijan Foodstuffs Industry) to the Institute of Standardization.
22 January 2007 [23:40]
Azeristiliktejhizat (Azerbaijan Heating Supply) Company has started to use mobile module heating boilers ad tested to supply heating to School 234 in Buzovna.
22 January 2007 [23:39]
Chairman of the Management Board of the National Bank of Azerbaijan, Elman Rustamov, has received Aygen Yayikoglu, Head of the EBRD Baku office.
22 January 2007 [23:39]
Experts of the World Intellectual Property Organization will pay a visit to Azerbaijan.
22 January 2007 [23:38]
Bakielectricshebeke Company (Baku Electricity Network) has started night raids so as to prevent waste of electricity.
22 January 2007 [22:02]
A second well is likely to be commissioned at Azerbaijan's largest natural gas and condensate field in late January, a spokesman for country's energy ministry said Monday.
22 January 2007 [19:29]
The Switzerland's State Secretariat for Economic Affairs (SECO) is going to take part in World Bank Corporative & Public Sector Accountability Project (CAPSAP), Baku-based SECO office said.
22 January 2007 [19:27]
In 2006, Great Britain remained the leading foreign investor in the economy of Azerbaijan.
22 January 2007 [19:20]
President Ilham Aliyev convenes meeting of government on Monday.
22 January 2007 [13:12]
Azerbaijan will probe foreign medicine-producing companies of which it will import products.
21 January 2007 [03:24]
Kazakhstan outlined tougher laws for investors in its growing oil sector on Thursday and forecast that 2007 oil output would stay at last year's 1.35 million barrels per day level while new capacity is developed.
21 January 2007 [02:28]
The State Agency for Standardization, Metrology and Patents are studying to apply new standards to all spheres of the economy.
21 January 2007 [02:26]
"Although the EU called Baku-Tbilisi-Kars railroad a political project, many European States show great interest in this project," said TRACECA Azerbaijan National Secretariat Chief Akif Mustafayev.
20 January 2007 [14:20]
Azercell Telecom has suspended Pay Cell service due to improvement repair.
20 January 2007 [14:18]
"It is not forecasted to what level the oil prices are going to plunge," the Executive Director of the State Oil Fund, Shahmar Movsumov said.
20 January 2007 [14:17]
"Government and the National Bank don't plan to reconsider the forecasts for inflation rate in 2007," Chairman of the Management Board of the Bank Elman Rustamov said.
20 January 2007 [14:15]
A decree will be issued soon to mitigate terms of mortgage lending.
20 January 2007 [14:03]
Azerbaijan is continuing talks with Iran on gas import and doing market research, said SOCAR's President Rovnag Abdullayev.
20 January 2007 [14:01]
"Municipal and Executive Authorities give illegal permission for selling of public lands and lands under neighboring municipal offices," said Garib Mammadov, Chairman of State Land and Cartography Committee.
20 January 2007 [13:59]
As of January 1, the assets of Khalg Bank doubled 4.3 times to AZN 75,146,400.
20 January 2007 [13:59]
NYMEX February crude fell $0.36, or 0.7 percent, to settle at $50.12 a barrel on Jan. 19. Brent crude oil for March settlement rose 1.03 dollars to $51.75 a barrel on the ICE Futures exchange in London.
20 January 2007 [13:58]
Azerbaijan's UniBank increased plastic card issue 83% in 2006.
20 January 2007 [13:57]
"We take into account the financial situation of newspapers, but the situation of publishing houses should also be considered. As we are commercial organization, we live on our earnings," the director of 'Azerbaijan' publishing house Agabey Asgarov when expressing his attitude to the discussions on hike of prices for publishing and rental.
20 January 2007 [13:48]
The Heydar Aliyev Oil Refinery completed crude oil processing on December 14, ahead of the schedule.
20 January 2007 [13:47]
Government has passed the 2007-2010 Development Program for Baku Metro.
20 January 2007 [13:45]
As of January 1, the aggregate capital of Azerbaijan's Gunay Bank constituted AZN 8,240,890, up 36.12% from last year.
20 January 2007 [13:45]
During 2006 AtaSighorta Insurance Company collected insurance fees AZN 3,076,581, up 71.5% from last year.
20 January 2007 [13:41]
Baku Metro is going to purchase 25 transit vehicles this year.
20 January 2007 [13:04]
On Friday at about 17.00, nearly 100 'Karasu' Operation company held protest action outside of head office of the company situated in Ali Bayramli.
19 January 2007 [22:59]
The weighted average exchange prices made up 0,8712 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 19.
19 January 2007 [22:53]
Asia Telecom Ltd. announced Q4-2006 results for its operating subsidiary in Azerbaijan.
19 January 2007 [00:50]
The Tariff Council, State Price Regulator, has not received any proposals from government agencies since the prices of utilities and fuel were increased two weeks ago.
19 January 2007 [00:49]
Government of Azerbaijan and the International Monetary Fund will have discussion on the hike in energy prices and its influence on the economy.
19 January 2007 [00:48]
In 2006 the share of agrarian sector fell to 7% in the gross domestic product of Azerbaijan, compared to 11% previous year.
19 January 2007 [00:47]
Azerbaijan allocated subsidies worth US $ 1.5bn to energy system of the country during the past five years.
19 January 2007 [00:34]
Azerbaijan's Gunay Bank intends to join Western Union International Money Transfer System.
19 January 2007 [00:34]
As of December 31, the leasing portfolio of Azerbaijan's AtaLeasing Company amounted to US $1,484,505 in 2006.
19 January 2007 [00:32]
GDP grew by 34.5%, year on year, in 2006, to AZN 17.7 billion.
19 January 2007 [00:31]
Azercell Telecom Joint Venture has concluded a GPRS/MMS roaming agreement with Spain's Telefonica.
19 January 2007 [00:29]
During 2006 Azerbaijani population's total nominal incomes rose 23.4%, or AZN 1.9bn year-over-year.
19 January 2007 [00:27]
Azerbaijan's Azal Insurance Company increased its authorized capital by 33.3%, year-over-year, to AZN 800,000.
19 January 2007 [00:25]
Electricity supply has been cut off in some residential areas in Balaken from January 16.
19 January 2007 [00:04]
Crude oil is going to recover on the market.
19 January 2007 [00:03]
The Dow Jones industrial average slipped 5.44 points, or 0.04 percent, to end at 12,577.15, the Standard & Poor's 500 Index dipped 1.28 points, or 0.09 percent, to close at 1,430.62, the Nasdaq Composite Index fell 18.36 points, or 0.74 percent, to finish at 2,479.42.
18 January 2007 [23:52]
In April gold-producing plant will be opened in Gadabey, Azerbaijan.
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