Business
26 October 2006 [09:58]
Azerbaijan has not yet set the volume and price of gas imports for 2007, Industry and Energy Minister Natig Aliyev told reporters.
26 October 2006 [09:53]
Taxes Ministry Operational Control Department have to date examined 130 835 various kinds of trade facilities and found serious irregularities in 30 543 of them.
26 October 2006 [09:25]
Caspian Oil&Gas Field-2006 conference has started in Baku yesterday. The two-day conference is supported by Industry and Energy Ministry, SOCAR, International East Oil Academy, Oil and Gas Geotechnical Problems Scientific Research Institute.
26 October 2006 [00:59]
Turkey's Air Force has selected the F-35 Lightning II, over Europe's Eurofighter Typhoon for the NATO nation's 15-year, $10 billion program to buy about 100 new-generation fighter aircraft, Turkish procurement and military officials said.
26 October 2006 [00:58]
BP raised by 20 percent its estimate of proven oil reserves in three offshore fields in the Azeri sector of the Caspian Sea, which the British company is developing with partners.
25 October 2006 [22:49]
About 10 Azerbaijani companies attend the International Food Industry Exhibition "SIAL-2006" in Paris, from 22 to 26 October.
25 October 2006 [20:20]
The weighted average exchange prices made up 0.8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 25.
25 October 2006 [20:19]
25 October 2006 [20:11]
Construction of Kars-Akhalkalak-Tbilisi-Baku railway line is aimed at restrictive policy and is economically inefficient.
25 October 2006 [19:33]
The annual crediting rate of Azerbaijan Mortgage Fund can be reduced to 3-4% from 6%, AMF executive director Faig Mammadov said.
25 October 2006 [15:52]
SOCAR-owned oil mining territories should be cleared from illegal constructions, SOCAR President Rovnag Abdullayev said.
25 October 2006 [13:47]
Oil price fall in the world market is not risky for Azerbaijan, Azerbaijan's industry and energy minister Natig Aliyev told reporters.
25 October 2006 [12:54]
Georgia plans to be maximally ready for winter. Georgia can import electrical energy from 5 neighboring countries-Azerbaijan, Russia, Armenia, Iran and Turkey, Georgian fuel and energy minister Nika Gilauri told at briefing yesterday.
25 October 2006 [11:35]
The incomes and expenditures of the State Budget of Azerbaijan equaled AZN 2 427.8m and AZN 2 155.3m respectively. The budget surplus stood at AZN 272.5m (2.6% of the GDP) during the period of January-August.
24 October 2006 [19:40]
Compnay to provide streaming content teasers to the idle screens of Azercell's 2.2 million users, is aiming to reach 40% subscriber uptake for mobile content, and is powered by Celltick's LiveScreen Media™.
23 October 2006 [15:42]
Turkey has been monitoring the "saddening events" between Turkish and Kazakh workers in Kazakhstan, and the Turkish Embassy in Almaty has launched necessary initiatives, Turkish Foreign Ministry said in a statement on Sunday.
23 October 2006 [15:40]
The BP led AIOC consortium has began pumping oil four months earlier than planned from the East Azeri field, part of the huge Azeri-Chirag-Guneshli (ACG) group of fields in the Caspian Sea, the company said on Monday.
23 October 2006 [15:38]
ATA Holding recently joined the International Hockey Federation (FIH) as one of their major sponsors.
23 October 2006 [15:36]
The Moscow office of the International Bank of Azerbaijan has opened its second branch in Saint Petersburg.
21 October 2006 [17:58]
Representatives of the shareholders of the EBRD begin a four-day visit to Azerbaijan on Monday, October 23. The Board of Directors represents the Bank's 62 public shareholders and has to approve all Bank projects before they are put into action.
21 October 2006 [17:42]
Taxes Ministry approved some suggestions by Azerbaijan Entrepreneurs Confederation (AEC) on amendments in Tax Code.
21 October 2006 [11:52]
Azerbaijan is ready to held with mail delivery from Russia to Georgia if Universal Postal Union appeals.
21 October 2006 [11:50]
There is no deficiency of liquid gas in Azerbaijan in domestic market, SOCAR President Rovnag Abdullayev said.
21 October 2006 [11:48]
"Delay of the production of Shah Deniz gas is related to marine activities. The wells and pipeline to Sangachal terminal are ready."
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.
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