Business
11 August 2006 [09:30]
After the insurance law is adopted, the Finance Ministry of Azerbaijan will determine the three-year limit of the authorized capital of insurance companies operating in Azerbaijan, Finance Minister Samir Sharifov told journalists.
11 August 2006 [08:44]
Azerbaijan and Georgia are expected to reach an agreement on repayment of $16mn-state debts of Georgia to Azerbaijan.
11 August 2006 [08:30]
SOCAR intends to increase oil exportation through Baku-Novorossiysk pipeline.
11 August 2006 [08:25]
National Bank of Azerbaijan (NBA) has analyzed the reports on the authorized capital of submitted by banks and discussed the results with banks, NBA chief director Rufat Aslanli told journalists.
10 August 2006 [22:31]
Azerbaijani Government is studying the reality on harmonization of minimum salary with the subsistence level, Finance Minister Samir Sharifov told journalists.
10 August 2006 [21:31]
Azercell telecom Joint venture invested $90.41mln in Azerbaijan during January-July of 2006 and has totally invested $495.109mln during 9.5 years, Azercell director general Halim Ateshi stated.
10 August 2006 [13:20]
Azerbaijani President Ilham Aliyev announced that Azerbaijan's currency reserves total USD 3 billion, a leap of USD 700 million from the beginning of 2006.
10 August 2006 [11:21]
Azerbaijan's foreign trade increased by 47.9 percent to $5bn in H1 2006, compared to the same period of 2005. Exports grew by 2.2 times to $2.9bn, while imports gained 0.9 percent rising to $2.1bn, Azerbaijan's State Statistics Committee said.
10 August 2006 [09:34]
The weighted average exchange price made up 0.8867 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange yesterday.
10 August 2006 [09:29]
Taxes Ministry Operational Control Department have to date examined 32 260 various kinds of facilities and found serious irregularities in 9 725 of them.
10 August 2006 [09:20]
Automobile parts will be brought to Ganja Automobile Plant (GAP) from ChangAn Auto on August 20 to assemble cars in Azerbaijan.
10 August 2006 [09:04]
Azerbaijani secondary schools need 5562 teachers in different subjects.
10 August 2006 [08:23]
The winners of Moscow Competition I on the best building and designing company will be awarded.
10 August 2006 [08:12]
SOCAR Oil Production Unit gave a deliberation on the results of the first part of 2006.
09 August 2006 [18:25]
Iran and Azerbaijan have reached agreement on constructing two water power plants on the border river, Araks.
09 August 2006 [16:34]
Azerpocht (AzerPost) State Company of the Ministry of Communication and Information Technologies of Azerbaijan, AZAL and Spanish 'Amadeus' signed agreement on preparation of the employees engaged in booking, the Ministry said.
09 August 2006 [14:55]
UNICEF jointly with the Ministry of Economic Development of Azerbaijan held on August 8 a meeting to discuss ways of elimination of the problems occurred in production and sale of white salt in Azerbaijan.
09 August 2006 [14:08]
"The task force set up by the Economic Development Ministry has already completed examination in Barmek. But we are unaware of the results," Barmek President Huseyn Arabul told.
09 August 2006 [13:37]
The working group composed of representatives of authorities and human rights defenders will meet in September this year.
09 August 2006 [10:46]
Azeri AtaHolding intends to open its office in Moscow by this year's end.
09 August 2006 [10:45]
SOCAR delivered 410.53mn cubic meters of gas in July having implemented the gas delivery anticipation by 75.6%.
09 August 2006 [09:37]
Record number of deals were concluded at trading sessions held at the Baku Interbank Currency Exchange yesterday.
09 August 2006 [09:22]
"During my official meetings in Baku, I did not have any discussions regarding the problems that Barmek-Azerbaijan Electricity Distribution LLC faces," Turkish State Minister Mehmet Ali Shahin told.
09 August 2006 [08:53]
Taxes Ministry of Azerbaijan announced that the taxes collection forecast was implemented by 103.7% and the Ministry paid AZN 1 453.1 mn to the State Budget against the planned AZN 1 401.1 mn in January-July.
09 August 2006 [08:50]
Auction on placement of short-term notes of National Bank with the state registration number 50103212S will be held at Baku Stock Exchange on August 9.
08 August 2006 [21:58]
Oil exports from Azerbaijan in January-July 2006 amounted to 11.085 million tonnes, up 65.3% year-on-year.
08 August 2006 [21:42]
The Anticorruption Department will complete the investigation of the case of Barmek senior officials in two months.
08 August 2006 [14:58]
State Oil Company of Azerbaijan (SOCAR) made some changes in the staff.
08 August 2006 [09:59]
Azerbaijan SME Support through Financial Sector Development Project, supported by the U. S. Agency for International Development (USAID) and implemented by ACDI/VOCA will start the implementation of its Rural Finance Training Program for Banks and Leasing Companies August 8-11.
08 August 2006 [09:35]
SOCAR has stopped exporting mazut (black oil) from the country lately.
08 August 2006 [09:10]
Auction on placement of T-bills of Ministry of Finance with the state registration number 10202113S was held at Baku Stock Exchange.
08 August 2006 [08:53]
The World Bank intends to finance a number of projects on development of railroad system.
08 August 2006 [08:48]
Azerbaijani Government and Russian Gasexport are negotiating on the price and volume of natural gas to be exported to Azerbaijan next year.
08 August 2006 [08:41]
Hotels and lodges paid taxes of AZN 3.9936 mln to the State Budget during the first half of this year.
08 August 2006 [08:34]
Azerbaijan wants to fulfill liabilities to the International Monetary by next year end.
08 August 2006 [08:20]
IBA (International Bank of Azerbaijan) aggregate incomes amounted to AZN 81 266 318 during the first half of the year, this figure is 45.79 rise on the same period last year.
07 August 2006 [15:17]
22 regions of Azerbaijan have been left without natural gas because the percentage of gas fee collection constituted under 55%.
07 August 2006 [13:55]
Azerbaijani Economic Development Ministry Antimonopoly Department has monitored beer and soft drinks market.
07 August 2006 [11:20]
The Caspian Sea cruising project Kazakhstan-Russia-Turkmenistan-Iran-Azerbaijan will be considered at the international festival Caspian Sea is the sea of friendship on August 24-26 in Aktau.
07 August 2006 [08:35]
Labor Rights Defense League intends to sue BP, SOCAR, State Land and Cartography Committee.
06 August 2006 [23:28]
Russian Transportation Ministry said Friday that it had halved tariffs on railway transit of Kazakh and Turkmen crude and refined oil products to the Black Sea in a bid to attract customers from alternative routes bypassing Russia.
06 August 2006 [23:22]
Georgia stopped buying Russian electricity last week and will halt imports of Russian gas starting at the end of the year as the country seeks to reduce its dependence on Russia amid worsening relations.
06 August 2006 [18:46]
Azeri and Iranian experts discuss a joint project.
05 August 2006 [16:20]
Natural gas supply for Ganja was cut off in the morning because the population failed to pay for it.
05 August 2006 [10:02]
The weighted average exchange price made up 0.8875 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange on yesterday.
05 August 2006 [09:59]
Baku Railroad Station will be reconstructed, Transportation Minister, Musa Panahov told journalists.
05 August 2006 [09:53]
Auction on placement of T-bills with the state registration number 10202113S will be held at Baku Stock Exchange on August 7.
05 August 2006 [09:49]
Azerbaijani International Operating Company (AIOC) transported 626 528 tonnes of oil through Baku-Supsa pipeline in July.
05 August 2006 [09:47]
Management Board of the National Bank of Azerbaijan reviewed the amendments to "The standard requirements on AMF-funded mortgaging by the authorized banks".
05 August 2006 [09:22]
787 011 tonnes of Azerbaijani oil were transported through BTC in July.
05 August 2006 [09:16]
Azerbaijan may receive credit rating from Moody’s Investors Service.
04 August 2006 [22:46]
German-Azerbaijani Joint Venture Eupec/Azpetrol will implement concreting and isolating of the pipes on Phase III of Azeri-Chirag-Guneshli.
04 August 2006 [22:43]
Ernst&Young Audit Company will estimate the investment made in Azerbaijan by the Barmek LLC for past 5 years.
04 August 2006 [14:44]
Management Board of the National Bank of Azerbaijan reviewed the amendments to "The standard requirements on AMF-funded mortgaging by the authorized banks".
04 August 2006 [14:27]
Turkey's Calik Energy said on Thursday it has applied with Indian Oil Corp for a license to build a $4.9 billion refinery near the Turkish Mediterranean port of Ceyhan.
04 August 2006 [13:44]
The Russian Federal Air Navigation Service told Interfax on Friday that it is halting navigation services in Russian air space to Armenian airlines as of August 14, due to growing debts.
04 August 2006 [12:32]
Global oil prices could hit $200 per barrel if the United States pursues international sanctions against Iran, an Iranian official said on Thursday, although analysts passed the comment off as saber rattling.
04 August 2006 [10:08]
Azerbaijan posted the highest year-on-year industrial output growth in the CIS in the first half of 2006 at 41.1%, the CIS Interstate Statistics Committee said Thursday.
04 August 2006 [10:06]
Iran's negotiations with the United Arab Emirates, Azerbaijan, and Kuwait on connecting to their fiberoptic networks are to be finalized by early October, the managing director of the Telecommunications Company of Iran (TCI) said.
04 August 2006 [09:58]
Delegation from the State Customs Committee together with representatives from Presidential Administration, Cabinet of Ministers, Parliament, Ministry of Justice and UNDP will be leaving or a study visit to Estonia Tax and Customs Board (ETCB) August 8-14.
04 August 2006 [09:29]
The weighted average exchange prices made up 0.8869 AZN/USD1 at trading sessions held at the Baku Interbank Currency Exchange yesterday.
04 August 2006 [09:15]
Azerbaijani Bank Respublika JSC has already offered VISA cards to the customers.
04 August 2006 [09:07]
1.7bn kilowatts/h of electrical energy was generated in Azerbaijan in July. This figure represents 6.9 rise on the same period in last year.
04 August 2006 [08:21]
SOCAR implemented drilling works of 12 442 meters except Joint Ventures and Operating Companies.
03 August 2006 [23:25]
In light of statements in various media about the alleged beginning by RusAl of the construction of an aluminium smelter in Azerbaijan, the Company deems it necessary to clarify the current status of the project.
03 August 2006 [11:07]
Taxes Ministry Operational Control Department have to date examined 1 7 100 various kinds of facilities and found serious irregularities in 5 911 of them.
03 August 2006 [10:56]
Gross Domestic Product equaled AZN 163 604 400 in Nakhchivan AR during January-June which represents a 20.8% rise on the same period of last year.
03 August 2006 [09:51]
SOCAR purchased 311.7mn cubic meters of natural gas from Russian Gasexport Company in July to supply for power stations.
03 August 2006 [09:47]
The opening ceremonies of two electrical system rehabilitation projects will take place this week in Tasmaly village, Gakh (August 3 at 4.45 p.m.) and Dashuz village, Sheki (August 4 at 11 a.m.).
03 August 2006 [09:38]
Azerbaijani national electrical energy network is connected to four neighbouring countries' energy system. Russia and Iran play a vital part in electric power exchange. These countries provides Azerbaijan with electrical energy in winter when Azerbaijani national energy network overloaded.
03 August 2006 [09:17]
SOCAR Marketing and Economic Operations Department has released the result of the tender on export of 209 000 tonnes of Urals crude oil from Novorossiysk Port.
03 August 2006 [08:52]
95 dealings were registered at 42 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during July.
03 August 2006 [08:40]
Onshore Binagadi Oil produced 3.128 mn cubic meters of natural gas during January-June.
02 August 2006 [21:27]
The World Bank proposed the Government of Azerbaijan to establish special agency cleansing the polluted territories.
02 August 2006 [21:13]
Barmek LLC will start yielding the control of the company to the Government of Azerbaijan and square with it from next week.
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