Business
24 May 2006 [10:33]
SOCAR petroleum and gas extracting administrations had 6632 wells in their balances May 1 this year, 4903 of which are now active.
24 May 2006 [09:50]
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0,9002/$1.
24 May 2006 [09:42]
XII International Food Industry Exhibition will be carried out in Baku from May 24 to May 26.
24 May 2006 [09:35]
If the payment percent for the gas decreases, the volume of the gas delivery to Ganja might be reduced or cut off.
24 May 2006 [09:29]
"Barmek owes nothing to Azerenergy and Taxes Ministry. We have paid $18 million tax commitments during 5 months this year and $5 million only during this month off," said Huseyn Arabul, LLC Barmek Azerbaijan Energy Network President.
24 May 2006 [09:20]
"Armenia may not close Metsamorskaya NPP without an alternative of equal value, because considerable finances are necessary for that," Armenian Prime Minister Andranik Margaryan stated.
24 May 2006 [09:01]
Nursultan Nazarbayev, President of Kazakhstan, signed the law "On ratification of the Protocol on changes and amendments in the agreement between the government of the Republic of Kazakhstan and the government of the Republic of Azerbaijan on free trade as of 10 June, 1997," yesterday, May 23.
24 May 2006 [08:46]
Baku Stock Exchange (BSE) hosted the auction on Ministry of Finance T-bills placement with the state registration number 10501113S.
24 May 2006 [08:23]
From May 19, 2006 the International Bank of Azerbaijan starts its operations in CONTACT system of immediate money transfers for natural persons without account.
24 May 2006 [08:15]
Azerbaijan Microfinance Association (AMFA) will organize III Azerbaijan Microfinance Conference on Common Finance Sector Development in Azerbaijan in Baku May 26-27.
23 May 2006 [21:11]
At today's GUAM summit in Kyiv, the Presidents of Ukraine, Azerbaijan, Georgia, and Moldova have signed a free trade protocol, Ukranian President's press office reported.
23 May 2006 [20:43]
Azerbaijan thinks that charges on natural gas supplied by Russia's Gazexport Company will not change until the end of this year, Azerigaz State Company President Alikhan Melikov said on Tuesday.
23 May 2006 [20:40]
Russia plans to increase the price of its energy exports "to world levels" for all consumers, Russian Economic Development and Trade Minister German Gref said Tuesday during a lecture at the Russian Academy for Foreign Trade.
23 May 2006 [14:45]
Korean high-speed trains may run through the United Arab Emirates and Azerbaijan, the Ministry of Construction and Transportation said on Monday.
23 May 2006 [14:29]
Trade between Azerbaijan and Germany increased 24% year on year in 2005 to reach $250 million, Azerbaijan's deputy economics minister said Tuesday.
23 May 2006 [13:53]
Training course on "Quality Management Systems" funded by International Financial Corporation and Bp-Azerbaijan company took place at Azerbaijan Bank Training Center /ABTC/.
23 May 2006 [12:28]
Azerbaijan plans to start talks on a debut eurobond issue this autumn, but first needs to secure a second sovereign rating, which it hopes to get from Moody's, the country's economic development minister said.
23 May 2006 [10:41]
The aluminum producer Azerbaijan Aluminum JSC (Azeral) will build a new plant with the annual output capacity of 100,000 tons in the country's second largest city, Ganja, next year.
23 May 2006 [09:22]
The government of Azerbaijan will fund implementation of several ecology-related projects.
23 May 2006 [09:21]
23 May 2006 [09:20]
European Bank for Reconstruction and Development (EBRD) had its annual meeting and business-forum in London on May, 21-22.
23 May 2006 [08:58]
Joint Stock Bank (JSB) Azerdemiryolbank aims to open branch in Shamakhi by late May this year.
23 May 2006 [08:53]
Azerbaijan's Transport Ministry drafts national technical standards in transport safety.
23 May 2006 [08:26]
"Problem around Barmek is company's own business and Turkish Embassy does not interfere in this," said Turan Morali, Turkish Ambassador to Azerbaijan.
23 May 2006 [08:21]
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0,9003/$1.
23 May 2006 [08:13]
Limited Liability Company (LLC) Barmek Azerbaijan Energy Network transferred AZN16 259 121 ($US17 985 753) into state budget in January-May.
23 May 2006 [08:08]
New, 6th credit agreement of $2 million has recently been signed between Commercial Bank (CB) UniBank and European Bank for Reconstruction and Development (EBRD). It will be directed to finance average and small enterprising projects in Azerbaijan.
23 May 2006 [01:30]
Crude oil prices rose Monday as the front-month contract expired, forcing traders who had anticipated lower prices at this point to become buyers to cover their bets.
23 May 2006 [01:19]
Georgia, Ukraine, Azerbaijan, and Moldova, which are members of the GUAM regional organisation, plan to set up an Energy Council.
23 May 2006 [00:31]
Azeri state oil company SOCAR announced a tender for the seventh consignment of Azeri Light crude oil produced at Azerbaijan's Azeri-Chirag-Gunashli (ACG) fields this year.
22 May 2006 [20:20]
Nation's largest airline increases service to Singapore & Baku
22 May 2006 [19:23]
The ArmRosgazprom Company intends to complete construction of 22.5 km of the first 47 km long section of the Iran-Armenia pipeline, ArmRosgazprom Director General Karen Karapetyan announced at a meeting with the press on May 22.
22 May 2006 [17:18]
"We spent more funds on the construction of the Baku-Tbilisi-Ceyhan main export oil pipeline, as we knew that in 2009 4% of all world oil will be delivered to the world oil markets via Turkey – through the BTC and the Bosporus and Dardanelle," BP Vice President Ian Palliser told.
22 May 2006 [13:29]
India's state-run refiner Hindustan Petroleum Corp (HPCL) has bought 1 million barrels of Azerbaijan's Azeri Light crude in a tender for July loading.
22 May 2006 [13:25]
The funds acquired from oil profits will be placed in foreign banks starting this year to eliminate the loss incurred due to the differences in currency exchange rates.
22 May 2006 [12:59]
From June 1, 2006 the International Bank of Azerbaijan increases interest rates on US dollar and Euro deposits.
22 May 2006 [07:32]
The Tariff Council of Azerbaijan plans to reconsider the tariffs of paid medical services in the country soon.
21 May 2006 [22:12]
Government of Kazakhstan keeps on debating the draft Treaty on the country's accession to Baku-Tbilisi-Ceyhan pipeline system, PM's press service reports.
21 May 2006 [22:05]
President of the Russian Federation Vladimir Putin and President of Kazakhstan Nursultan Nazarbayev discussed a wide array of bilateral relations in economics and politics during the meeting they held in Sochi on May 20.
21 May 2006 [18:03]
Turkish President Ahmed Necdet Sezer approved the cabinet decree regarding the nomination of Calik Energy to build the Samsun-Ceyhan Crude Oil Pipeline, which will transfer Russian and Caspian oil via Turkey.
21 May 2006 [17:17]
Russian oil holding company RussNeft intends to complete the acquisition of new assets abroad before the end of 2006, the company's president said Sunday.
21 May 2006 [17:15]
Economic growth in the former Soviet bloc will ease in 2006, with a mild upturn in central and southeast Europe offset by a slow-down in Russia and former Soviet republics, the region's development bank said on Sunday.
21 May 2006 [14:04]
Experts have already completed the feasibility study of the project allowing Azerbaijan to get 1 billion cubic meters of gas from Iran, press service of the AzeriGaz announced.
20 May 2006 [20:42]
Mortgage Fund has carried out the first operation to refinance mortgage loan together with the Bank Standard and Tekhnikabank.
20 May 2006 [11:25]
Ahmad Ahmadzadeh, Director OJSC Melioration and Water Economy, has today held a press conference on current activity and future plans of their organization.
20 May 2006 [10:33]
Bank of Baku Joint Stock Commercial Bank (JSCB) has opened its first two Bank of Baku-Express service stations in Baku.
19 May 2006 [19:39]
12th Azerbaijan International Food, Drinks and Packaging Exhibition (Interfood 2006) organized by the British ITE Group and its partner in the South Caucasus will be held May 24-26 at the Heydar Aliyev Sport and Concert Complex.
19 May 2006 [19:19]
Kazakhstan's KazTransGaz Thursday formally took possession of Georgian natural gas distributor Tbilgazi, Georgian Public Television Channel 1 reported.
19 May 2006 [13:23]
The eighth annual meeting of the Black Sea Trade and Development Bank (BSTDB) board of directors will be held in Baku on June 11. This will be followed by the Black Sea Business Day on the following day.
19 May 2006 [13:20]
A group of German businesspeople is due to arrive in Baku next Monday.
19 May 2006 [13:17]
Azerbaijan's leading cellular provider Azercell Telecom JV announced new plans to expand the coverage and quality of its services.
19 May 2006 [09:31]
Next round of negotiations on Azerbaijani membership to The World Trade Organization (WTO) will be organized in late this year, Mahmud Mammadguliyev, Deputy Foreign Minister, told journalists.
19 May 2006 [09:02]
Banking credit organizations resident attracted deposits was AZN545,1 million in April 1, 2006 that is 29,9% more than last year’s figure for the same period.
19 May 2006 [08:49]
Transportation in Azerbaijani part of Transport Corridor Europe-Caucasus-Asia (TRACECA) aggregated 11,7 million tons in January-March this year increasing by 14% in comparison to last year's figure for the relevant period.
19 May 2006 [08:39]
Volume of credits granted by financial-credit institutions in Azerbaijan reached AZN1 395,1 million in April, 1 this year exceeding previous year figures for the relevant period by 30%. 56,7% of them are short-term and 43,3% are long-term credits.
19 May 2006 [01:25]
Official talks between the Azeri government and World Bank on the occasion of preparing a project of improving and upgrade of court and administrative system in Azerbaijan have been finished, the Baku-based WB office informed.
18 May 2006 [22:41]
In an interview with the Ukrainian business daily Ekonomicheskie Izvestia published on May 18, Georgian State Minister for Economic Reforms Kakha Bendukidze said that Russia's decision to increase the gas price has triggered more interest in the Trans-Caspian and Black Sea gas pipeline projects.
18 May 2006 [20:36]
The 13th International Caspian Oil and Gas Exhibition Incorporating Refining and Petrochemical, which bring together 350 companies of 35 countries of world will take place June 6-9 at the Heydar Aliyev Sports Concert Complex in Baku.
18 May 2006 [20:34]
In accordance with the law "On Budget System", 2006 state budget law will be amended, Milli Majlis standing commission on economic policy reported.
18 May 2006 [20:32]
The weighted average exchange prices made up 0.9006 AZN for 1 US dollar in the Baku Interbank Currency Exchange on May 18.
18 May 2006 [19:56]
Rufat Jabrail Aslanli is appointed a new Chief Director of Azerbaijan National Bank (ANB) with a decision of the central bank Executive Board.
18 May 2006 [18:38]
The 1st international conference - "Europe-Asia transport relations in wider European context" took place in Baku today.
18 May 2006 [18:30]
Azerbaijan's Transport Ministry has prepared proposals on giving buses to transport companies by competition. Deputy transport minister Musa Panahov told journalists.
18 May 2006 [12:34]
A total of $747 million has been spent on the upgrade of roads in Azerbaijan in the past few years.
18 May 2006 [12:22]
The phone calls to Armenia using Azerbaijan's cellular provider Azercell Telecom are not dangerous, according to Minister of Communications and Information Technologies Ali Abbasov.
18 May 2006 [12:20]
The illegal interference of foreign television and radio channels, in particular, those of Armenia and Iran, to the air broadcasts in Azerbaijan will be prevented soon.
18 May 2006 [12:16]
Investments in Azerbaijan's economy have increased.
18 May 2006 [12:14]
The fees on the use of Internet in Azerbaijan are expected to rapidly fall soon, Minister of Communications and Information Technologies Ali Abbasov told the press Wednesday.
18 May 2006 [10:23]
Azerbaijan Chamber of Auditors (ACA) carries out examination.
18 May 2006 [10:15]
European Bank for Reconstruction and Development is in negotiations with Open Joint Stock Company (OJSC) Azerbaijan Investment Company to take part in its projects.
18 May 2006 [10:07]
Limited Liability Company (LLC) Barmek-Azerbaijan Energy Network has not paid fees for energy received by Open Joint Stock Company (OJSC) Azerenergy in last three months.
18 May 2006 [10:02]
Chan Gan Company, China, mission will visit Azerbaijan.
18 May 2006 [09:49]
Azerbaijan Mortgage Fund (AMF) has transacted first refinancing with Closed Joint Sock Company Bank Standard and Open Joint Stock Company Texnikabank.
18 May 2006 [09:26]
GDP production in Azerbaijan totaled AZN4 477,9 million or 39,5% more than last year’s figure, with comparative prices. GDP per capita reached AZN537,4 or $US589,2 increasing by 38,5%. State Statistical Committee informs.
18 May 2006 [09:21]
Rahim Huseynov, Head of Antimonopoly Policy Department of Economic Development Ministry has voluntarily resigned from his post.
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