Business
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.
02 August 2006 [09:58]
Azerigas CJSC plans to develop an action program for addressing problems in the supply of the country with gas, the issue was discussed at Azerigas Board meeting today.
02 August 2006 [09:29]
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX) yesterday, USD/AZN weighted average rate was AZN 0.8869/USD.
02 August 2006 [08:53]
The Taxes Ministry has already developed the draft of Tax Terminals to be established in region centers and submitted the draft to the Government.
02 August 2006 [01:00]
Emergencies Minister, Colonel-General Kamaladdin Heydarov today received Peter Thomson, manager of the World Bank Infrastructure and Energy Sector for Europe and Central Asia.
02 August 2006 [00:47]
The first oil production from East Azeri, part of the huge Azeri-Chirag-Guneshli (ACG) group of fields in the Caspian Sea, is expected towards the end of 2006, months ahead of plan, ACG Norwegian partner Statoil said.
02 August 2006 [00:27]
Budget revenues of the State Oil Fund in H1 2006 reached AZN 449.4 mn, while budget expenditures constituted AZN 314.4mn, the Fund executive director Shamar Movsumov told at the media briefing on Tuesday
02 August 2006 [00:17]
Russian Aluminum, the world's third-largest aluminum producer, will complete a feasibility study into the possible construction of a smelter in Azerbaijan by the end of the year, a company spokeswoman said Tuesday.
01 August 2006 [15:33]
The intergovernmental commission on commercial, economic, scientific-technical and cultural cooperation between Azerbaijan and Tatarstan has met for the first time in Baku today.
01 August 2006 [13:34]
Ministry of Ecology and Natural Resources (MENR) of Azerbaijan has raised claim in the amount of 50 mln manat for damage to environment against Shirvan-oil Operating Company, which is busy with exploration of Kurovdag deposit.
01 August 2006 [10:12]
SOCAR has proposed AIOC to transport SOCAR crude oil via Baku-Tbilisi-Ceyhan oil pipeline.
01 August 2006 [09:29]
Azerbaijani Mortgage Fund intends to increase the number of the authorized banks.
01 August 2006 [09:25]
According to the results of the trading sessions in the currency section of the Baku Interbank Currency Exchange (BICEX), USD/AZN weighted average rate was AZN 0.8871/USD.
01 August 2006 [09:10]
AtaHolding Group of Companies is negotiating with Swedish Ericsson on development of regional communications service.
31 July 2006 [18:10]
The World Bank is pumping $21.6m into Azerbaijan's judicial system after it emerged that petroleum multinationals and other international companies have little faith in the local judges.
31 July 2006 [18:06]
While Israel's energy market has felt temporary effects of the three-week-old conflict with Hezbollah, such as a spike in gasoline prices and reduced operations at the Haifa oil refinery, the country's long-term energy plans remain intact, experts say.
31 July 2006 [15:09]
International Monetary Fund experts forecast that the US economy growth rate will slow and US dollar will fall by 15-35%.
31 July 2006 [12:46]
"Kars-Akhalkalak-Tbilisi is an economic project. An economic project within the time gets over the political obstacles."
30 July 2006 [14:48]
30 July 2006 [14:47]
The equipment for the digital television will be produced in Azerbaijan.
30 July 2006 [14:42]
According to the State Customs Committee, of 87,421 cargo customs declarations, 19 277 ones were import declarations while 68 144 one were related to export operations.
30 July 2006 [03:44]
Regular meeting of the Azerbaijan-Turkey intergovernmental economic commission ended July 28 in Baku with the signing of the final protocol by co-chairs Deputy Prime Minister of Azerbaijan Abid Sharifov and State Minister of Turkey Mehmet Aydin.
30 July 2006 [03:42]
There will be no problems with construction of the Kars-Akhalkalaki-Tbilisi-Baku railway, deputy Prime Minister Abid Sharifov said.
30 July 2006 [03:40]
President of Azerbaijan Ilham Aliyev today visited Narimanov district in Baku to view the agricultural products trade fair organized here at the warehouse of the Joint Stock Company Baki Takhil.
29 July 2006 [09:10]
Taxes Ministry Operative Control Department found 3109 irregularities in 7100 facilities in the examinations since July 24.
29 July 2006 [09:08]
The results of an extensive survey, conducted in 2005, based on interviews with tens of thousands of businesspeople throughout Eastern Europe and the former Soviet Union who were asked to assess the scale of corruption, was released by World Bank.
28 July 2006 [20:17]
Chirag company is about to complete construction of the five-star hotel in Ganja province.
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