Business
09 November 2006 [11:36]
Micro Finance Bank of Azerbaijan intends to open a branch in Khachmaz, Bank officer Sebastian Fariniarts told.
09 November 2006 [11:11]
SOCAR Marketing and Economic Operations Department exported 239 909 metric tons of crude oil from Novorossiysk Terminal in October.
09 November 2006 [10:06]
"Georgia is going to transfer electrical energy to Turkey and Azerbaijan. Expansion of the hydroelectric power stations enables Georgia to transfer electricity to these countries," Georgia State Electrical System told.
09 November 2006 [09:59]
Ganja-Istanbul-Ganja flight will be opened from December 2, 2007, Plantet.Co Director Elkhan Hasanov stated.
08 November 2006 [22:55]
Azerbaijan and Belarus led the CIS countries in January-September 2006 for industrial growth with 39.2 and 12.2 percent respectively on the same period last year.
08 November 2006 [22:26]
Polish Senate Marshal Bogdan Borusewicz said his country shows interest in cooperating with Azerbaijan in the oil and gas sector.
08 November 2006 [22:22]
As is informed, Prime Minister of Azerbaijan Artur Rasizade has met the Islamic Development Bank (IDB)’s President Ahmed Muhammad Ali who has arrived in Baku to partake at the International Investment Conference.
08 November 2006 [22:21]
The weighted average exchange prices made up 0,8721 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 8.
08 November 2006 [22:19]
08 November 2006 [22:10]
The officers of Interior Ministry Department Fighting Organized Crimes found lots of counterfeit goods cost over AZN 100 000 in Sederek Trade Center.
08 November 2006 [18:06]
The discussion of 2007 Draft State Budget continued in Parliament today.
08 November 2006 [17:52]
"Rumor that there is no accurate statistical information about construction in Azerbaijan is far from the true.
08 November 2006 [17:48]
Polish National Exhibition has today been held in Baku.
08 November 2006 [17:45]
The Georgian prime minister on Wednesday denounced Russia's move to more than double the price for natural gas for the ex-Soviet nation as "political blackmail," and said that Georgia would look for alternative suppliers.
08 November 2006 [15:47]
Investment conference has today been held in Baku by the Government of Azerbaijan and Islamic Development Bank.
08 November 2006 [15:15]
Armenia will sell VimpelCom the remaining 10% in one of the country's two telecom companies on condition it abandons further expansion plans, a minister said Wednesday.
08 November 2006 [14:51]
Azerbaijan's Communications and Information Technologies Minister Ali Abbasov addressed the Plenipotentiary Conference of the International Telecommunications Union (ITU), which will take place from Monday, November 6 to Friday, November 24 in Antalya, Turkey.
08 November 2006 [13:43]
"Hand-over test of Barmek is ongoing. The Government has control over the process. As to investment to the electricity companies after Barmek hands over all authority, the perspectives will be investigated, and investment might be attracted," Deputy Minister of Economic Development Mikayil Jabbarov told reporters.
08 November 2006 [13:41]
Collection of the electric bills in Ganja from population rose 15.3%, year-on-year, to 63% in October, Ganja Electric Supply Department spokesman Rafig Abbasov told.
08 November 2006 [13:16]
Taxes Ministry Operational Control Department have to date examined 139 757 various kinds of trade facilities and found serious irregularities in 32 695 of them.
08 November 2006 [11:53]
After November 15 Azerbaijan and Russia will discuss the issues on energy exchange and the price and volume of electrical energy Azerbaijan will import from Russia for 2007, Azerenergy Vice-President Marlen Asgarov told.
08 November 2006 [11:31]
"Local poultry farms shouldn't be blamed for Chicken and egg price jump in market. Azerbaijan imports 95% of the feedstuffs, as well as medicines and eggs for incubation from abroad. The prices don't go down because the feed prices are high," Azerbaijan Poultry Company chair Aydin Valiyev stated.
07 November 2006 [22:26]
Azerbaijan's Minister of Economic Development Heydar Babayev met at the Excelsior Hotel Baku with members of the Azerbaijan-Turkey Businessmen Union.
07 November 2006 [22:18]
The weighted average exchange prices made up 0.8725 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 7.
07 November 2006 [22:11]
Since Azerbaijan refines and sells petroleum products, the country has an interest in the realization of the Odesa-Brody-Plock oil pipeline project, Azerbaijani President Ilkham Aliyev said in Brussels on Tuesday.
07 November 2006 [21:36]
Azerbaijan's president will arrive in Moscow Wednesday for a three-day visit ahead of negotiations on Russian natural gas deliveries for 2007, the presidential press service said.
07 November 2006 [21:34]
The European Commission says it has signed an agreement on energy partnership with Azerbaijan.
07 November 2006 [16:51]
Azerbaijani-Jordanian business forum took place in Baku today.
07 November 2006 [16:42]
The process for the construction of the Russian-supported Burgas-Alexandroupolis oil pipeline, an alternative to Baku-Tbilisi-Ceyhan pipeline, has been intensified.
07 November 2006 [15:33]
"Barmek-Azerbaijan and Bakielectricshebeke OJSC signed a hand-over agreement on Monday. Hand-over test of all substations will be concluded and an agreement on accounting will be signed shortly," Barmek President Huseyn Arabul stated.
07 November 2006 [14:21]
Finance Ministry and Foreign Ministry have developed a bill on financial provision of diplomatic servants, Finance Ministry officer Shakir Guliyev said.
07 November 2006 [13:56]
"In Azerbaijan Science spending makes up 0.7% of the GDP. As a result, the science has no influence on economy," Azerbaijan national Academy of Sceice President Mahmud Kerimov said.
07 November 2006 [13:14]
Azerigas CJSC has sued 391 individuals for interfering in the gas meters.
07 November 2006 [13:12]
Communications and Information Technologies Minister Ali Abbasov has visited Turkey to attend the Plenipotentiary Conference of the International Telecommunications Union (ITU), which will take place from Monday, November 6 to Friday, November 24 in Antalya, Turkey.
07 November 2006 [12:27]
Workshop was held in Baku at initiative of the Finance Ministry and Turkish International Cooperation Agency (TICA) Program Coordinator in Baku.
07 November 2006 [12:24]
Taxes Ministry implemented the taxes prediction by 108.8 percent during the period of January-October.
07 November 2006 [12:23]
Fuel consumption for electricity generation was 354.93 gram/1kilowatt/h against 358.84 in the thermal power plants in Azerbaijan during October.
07 November 2006 [12:08]
Collection of electric bills reached 60.3% in October, Azerenergy Energy Supply Officer Hidayat Yariyev stated.
07 November 2006 [11:56]
SOCAR Marketing and Economic Operations Department announced a tender for export of 1 200 barrels of Azeri Light Crude Oil from Ceyhan Port at two stages-half on December 1 and half on Dec. 15.
07 November 2006 [11:40]
Chief of Ali Bayramli Gas Supply Department has been dismissed.
07 November 2006 [11:35]
Taxes Ministry Operational Control Department have to date examined 138 909 various kinds of trade facilities and found serious irregularities in 32 492 of them.
07 November 2006 [11:32]
Some 200 Korean-made big buses are intended to be imported to Azerbaijan for provision of Baku bus demand, Deputy Minister of Transportation Musa Panahov told.
06 November 2006 [23:34]
The weighted average exchange prices made up 0,8727 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November.
06 November 2006 [18:41]
Local farmers do not expect harvest this year.
06 November 2006 [15:07]
The Cement prices have recently began to go down in the retail market in Azerbaijan. The price per bag cement has fallen to AZN 6.4 from AZN 9.
06 November 2006 [13:45]
It depends on the next round of talks to reach any agreement on the prices and volume of Russian gas Azerbaijan is going to import, Industry and Energy Minister Natig Aliyev told.
05 November 2006 [14:35]
Sikorsky Aircraft announced today it has signed an agreement which makes effective a contract with the Ministry of National Defense, Undersecretariat for Defense Industries (SSM) of the Government of Turkey for 17 new S-70B SEAHAWK helicopters. First deliveries are scheduled to begin in 2009. Sikorsky Aircraft is a subsidiary of United Technologies Corp.
05 November 2006 [14:24]
The international investment conference organized by the Ministry of Economic Development and Islamic Development Bank will be held November 8-9 in Baku.
05 November 2006 [14:23]
05 November 2006 [14:20]
According to the State Oil Company, Azerbaijan purchased 33,4 million cubic meters of gas in October for electric stations from Russia, totalling 3 billion 45,9 million cubic meters in January-October.
05 November 2006 [14:11]
According to BP-Azerbaijan, the company has made very good progress on Deepwater Gunashli (Phase 3) since the beginning of this year. The overall Phase 3 project progress is on schedule.
04 November 2006 [22:19]
According to the Economic Development Ministry, the delegation of the Hashemite Kingdom of Jordan led by its Prime Minister Marouf al-Bakhit will pay a visit to Azerbaijan on November 6-8. The delegation includes Jordanian businessman.
04 November 2006 [22:13]
Armenia said Saturday that the price it is paying for Russian gas of US$110 (?86) will stay fixed until the end of 2008, an announcement certain to rile neighboring Georgia which has been told to pay more than double that from next year.
04 November 2006 [15:39]
President of the State Oil Company Rovnag Abdullayev met with executive vice president of the BP company Andrew Inglis, ex-president of the BP-Azerbaijan David Woodward and his successor Bill Schrader, SOCAR’s press service said.
04 November 2006 [13:11]
04 November 2006 [12:57]
Georgia believes gas from Iran and a BP-led project in Azerbaijan could fully replace Russian fuel after Moscow threatened to double prices amid a political row with Tbilisi, a minister said on Friday.
04 November 2006 [12:52]
Bulgaria wants to be linked to a strategic pipeline channeling gas from a massive Caspian Sea gas field in Azerbaijan to Europe via Turkey and Greece, its economy and energy minister said.
04 November 2006 [12:24]
"There is a great rise in the prices," Ziyafat Askerov, Vice-speaker said during the discussions on Draft State Budget.
04 November 2006 [12:12]
11th Ministerial Session of the European and Mediterranian major hazards areement took place in Morocco October 30-31.
04 November 2006 [11:56]
Defense spending of the State Budget of Azerbaijan will be US $1.1bn or AZN 907m in 2007, Azerbaijani Finance Minister Samir Sharifov said during discussion of the Draft State Budget.
04 November 2006 [11:51]
Those having VISA cards of Azerbaijan International Bank will be able to travel by Baku subway without tokens or chip cards.
04 November 2006 [11:49]
Azerdemiryolbank OJSC allowed two mortgages in the amount of AZN 38 100.
04 November 2006 [11:42]
During the period of January-September the regional credit portfolio of Azerdemiryolbank grew by 82% to AZN 16m, which makes 36.4% of the total credit portfolio.
04 November 2006 [11:24]
The weighted average exchange price made up 0.8728 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange.
04 November 2006 [11:07]
Some 1.7bn kilowatts/h of electrical energy was generated in Azerbaijan in October.
04 November 2006 [10:51]
Azerbaijan is able to cover its demand for natural gas in 2007 without even Russian and Iranian gas supplies, First Deputy Premier Yagub Eyyubov stated.
04 November 2006 [10:42]
Draft Law on "the Refund of Soviet-period savings" remains unprepared, Azerbaijani Finance Minister Samir Sharifov said during discussion of Draft State Budget for 2007.
04 November 2006 [10:32]
Polish National Economic Exhibition will be organized in ABU ARENA salon in Baku between November 8 and 10.
04 November 2006 [10:25]
The Parliament will sit for three days next week.
03 November 2006 [17:00]
USDA's Commodity Credit Corporation (CCC) has purchased 28 300 tons of American red wheat to donate to Azerbaijan, Georgia and Armenia.
03 November 2006 [16:56]
Russian oil company RussNeft and the State Oil Company of Azerbaijan (SOCAR) have signed a production-sharing agreement to develop two oil fields in Azerbaijan, a RIA Novosti correspondent reported Friday.
03 November 2006 [16:28]
The 28th Plenary Session of the Parliamentary Assembly of the Black Sea Economic Cooperation organization (PABSEC) will be held in Baku November 21-23, press service of Azerbaijan's Parliament said.
03 November 2006 [16:27]
Standard Bank has opened its new branch in Sumgait city of Azerbaijan.
03 November 2006 [13:08]
Georgian leadership considers Gazprom's more than doubling gas prices not to be a "tragedy".
03 November 2006 [10:31]
The official currency reserve of the National Bank of Azerbaijan has grown $961.71m (66.38%) to US $ 1.6bn.
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