Business
28 April 2006 [14:56]
Purchasing $750m of syndicated credit from Azerbaijan Limited (ACG), was significant success for SOCAR, the company did not have its own financial rating.
28 April 2006 [14:16]
The Azerbaijan State Oil Company (SOCAR) is not currently discussing the issues of the free-laying gas exploration at Azeri-Chiraq-Guneshli field (ACG) with the Azerbaijani International Operative company (AIOC), the SOCAR first Vice-president on geology and geo-physics, Hoshbaht Yusifzadeh stated.
28 April 2006 [09:07]
The Foton Motors Company, official dealer of the Beijing Foton Motors Co Ltd. (China) in Azerbaijan, intends to start importation of 3-ton Isuzu trucks of Chinese production to our country by the end of the current year.
28 April 2006 [09:02]
Experts from the governments of Azerbaijan and Kazakhstan discussed the draft intergovernmental agreement on the transportation of Kazakh oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline on the eve of the fourth meeting of the intergovernmental commission for economic co-operation due to take place April 29 in Baku.
28 April 2006 [08:52]
International Bank of Azerbaijan Chairman Jahangir Hajiyev, head of the oil-rich Republic of Azerbaijan's largest commercial bank, will address non-oil sector investment opportunities and developments at the 6th Business and Investment Meeting of the US-Azerbaijan Chamber of Commerce (USACC) on Thursday, April 27, at the Four Seasons Hotel in Washington, DC.
28 April 2006 [08:33]
The Elektropribor plant and Amtel-Chernozemye tire complex of Russia plan to establish their branches in Azerbaijan. Negotiations are underway at present.
27 April 2006 [23:47]
New director was appointed to the Joint Venture Azercell Telecom.
27 April 2006 [23:15]
The Azerbaijani President, Ilham Aliyev presented report at the 6th Business and Investment Meeting of the US-Azerbaijan Chamber of Commerce (USACC) on Thursday, April 27, at the Four Seasons Hotel in Washington, DC.
27 April 2006 [16:23]
A ceremony of sanctioning of the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline is scheduled for July 13, 2006.
27 April 2006 [13:27]
The 21st meeting of the general directors of the Organization of Railway Cooperation (ORC) started in Baku 27 February.
27 April 2006 [13:04]
Hilmi Guler, the Turkish Minister for Energy and Natural Resources, sated to symposium on Energy and Development of Turkey that it is necessary to think of nuclear power in case the prices of oil reach $75-77.
27 April 2006 [12:55]
Forbes online magazine published an article "Do As I Say, Please" by Matthew Swibel on the Ilham Aliyev's visit to the United States.
27 April 2006 [12:49]
As of 2005, in compliance with the exact data, 93.1% has submitted declarations on income taxes of physical entities and profit taxes of legal entities on voluntary basis, which exceeds 2004 figure by 3.8%, Elchin Mammadov, the Head of the Taxpayer Service Department of the Azerbaijani Taxes Ministry informs.
27 April 2006 [12:47]
Georgian Energy Minister Nika Gilauri said on April 26 that Georgia wants the right to purchase more gas shipped through the Baku-Tbilisi-Erzrum pipeline at a reduced price than is envisaged by the current contract.
27 April 2006 [12:26]
The first Azeri-Nigerian business forum, initially scheduled in Baku for Thursday, has been postponed indefinitely due to a number of technical issues.
27 April 2006 [09:00]
An agreement on economic-trade and cultural cooperation will be signed between Voronezh province of Russia and Azerbaijan soon.
27 April 2006 [08:59]
The Aztelecom Production Union enabled clients of the International Bank of Azerbaijan (IBA) to pay for international and long-distance phone calls through automatic teller machines (ATM) of IBA and Internet Banking service.
27 April 2006 [08:57]
The Ministry of taxes is studying the international experience for preparation of the draft of the State Program on transition to the general tax return system.
27 April 2006 [08:55]
Decrease in the volume of gas supplied to consumers in the territory of the republic is related to transition to the summer season.
27 April 2006 [08:53]
On June 13-14 Banks and Finance Conference will be held in the Grand Hotel Europe in Baku.
27 April 2006 [08:49]
The Baku city Head Production Gas Office (BakGaz) revealed over 200 citizens who intervened in the work of gas supply meters installed in houses.
27 April 2006 [08:49]
In January-March of the current year the assets of the International bank of Azerbaijan (IBA) reached AZN 1,235.972 mln.
27 April 2006 [08:48]
The Trade Representation of Russia is expected to start activity in Baku by the end of May.
27 April 2006 [08:46]
Labour protection and adherence to technical security norms to be valued in structural units of AzerEnergy.
27 April 2006 [08:43]
The Tourism and Resort Department of the Adzharia Autonomous Republic of Georgia is interested in establishment of cooperation with Azeri tourism companies.
27 April 2006 [08:19]
In connection with cold weather conditions, the Baku city Head Gas Production Office (BakGaz) offers to prolong the winter season in the field of provision of the population with gas until May 1.
26 April 2006 [14:19]
State Agency for Standardization, Patents and metrology revealed some events of misconduct at Azerbaijan's gas stations.
26 April 2006 [14:13]
UniBank carried out transactions with securities worth AZN 4.8m manats in the first quarter of 2006.
26 April 2006 [09:06]
14th meeting of the Organization of Black Sea Economic Cooperation (OBSEC) member countries’ foreign ministers will take place in Bucharest on Wednesday.
26 April 2006 [09:04]
According to the initial calculations, AZN 13m is required for 9 bridges and 13 pedestrian subways to be constructed in Baku.
26 April 2006 [08:55]
In the first decade of May the World Bank (WB) will start final discussions with the government of Azerbaijan on the "Health reforms", "Development of the judiciary system", and "Agricultural development and crediting – II" projects.
26 April 2006 [08:50]
New 50 and 100 manat banknotes have been mobilized in the country from Tuesday.
26 April 2006 [08:45]
The chair of the Chamber of Account of Azerbaijan (CAA) Namig Nasrullayev left for Ankara to attend the XI annual meeting of the Economic Cooperation Organization of Supreme Audit Institutions (ECOSAI).
26 April 2006 [08:40]
The Azerbaijan Insurance training Centre (AITC) will start holding first short-term courses for employees of banks, insurance companies and non-banking organizations from the second half of May.
26 April 2006 [08:20]
The draft of the Regulations of the Azerbaijan Investment Company Open Joint-Stock Company (OJSC) will be presented to the Executive Office of the President soon.
26 April 2006 [08:15]
The Ministry of Finance stopped activity of the Absheron and Azergarant Insurance Companies on two insurance kinds.
26 April 2006 [08:00]
The XIII International Caspian Oil, Gas, Oil Refining and Oil Chemistry exhibition-conference will be held in Baku on June 6-9.
25 April 2006 [17:15]
JSC Azenerji intends to keep talking to European bank for Reconstruction and Development on issuing the credit for recovery of hydroelectrical power plant in Mingachevir.
25 April 2006 [09:46]
The Northern Cyprus Turkish Republic (NCTR) intends to open a representation of a tourism agency in Azerbaijan within the following months.
25 April 2006 [09:40]
The 9th Eurasia Economic Forum will be opened in Istanbul, Turkey, May 7.
25 April 2006 [09:29]
In May loan agreement for 15 mn Swiss francs to be signed between the International Bank of Azerbaijan (IBA) and UBS AG – one of the largest banks of the world.
25 April 2006 [09:20]
The Chief of the Electricity Purchase Office of the Barmek-Azerbaijan Electricity Network Limited Liability Company (LLC) Alasgar Ramazanov was arrested.
25 April 2006 [08:58]
The State Statistics Committee (SSC) applied to the Cabinet of Ministers with a proposal to hold population census in Azerbaijan in 2009.
25 April 2006 [08:44]
This year inflation level is expected no to exceed the previous one – 9.6%.
25 April 2006 [08:16]
Delegation led by the Minister of Transport Ziya Mammadov left for Iran to attend the ministerial meeting of the states being members of the Economic Cooperation Organization (ECO) to be held in Tehran April 24-26.
25 April 2006 [08:12]
The first and second power units of the Nakhchivan Gas-Turbine Power Plant have already been connected to the tension.
24 April 2006 [13:10]
Staff changes may take place in the Ministry of Finance if a necessity arises in increase of its efficiency, reportedly said newly appointed Azeri Minister of Finance Samir Sharifov.
24 April 2006 [08:41]
The State Committee for State Property Management (SCSPM) announced investment competition on the sale of 85% of stocks of the Sumgayit Industrial Production Open Joint Stock Company.
22 April 2006 [15:43]
The new banknotes worth 50 and 100 manats ($54.3 and $108.6 respectively) will be released in Azerbaijan next week, marking the completion of the national currency denomination.
22 April 2006 [11:20]
This explanation was given by the Chair of the Board of the National Bank of Azerbaijan (NBA) Elman Rustamov.
22 April 2006 [09:40]
Tariff Council of Azerbaijan reviewed at its regular meeting tariffs of monthly subscription payment for phone calls, international phone calls, allocation and utilization of resources in the general-use telecommunication network, AzStateNet State Internet and special communication services, utilization of irrigation water, standardization and metrology services, new services provided by the State Register Service of Immovable Property, and services of the Bureau for Technical Stock-Taking of Property.
22 April 2006 [09:26]
The Director of the Sub-regional Office for Eastern Europe and Central Asia of the International Labor Organization (ILO), Mr.Werner Konrad Blenk will visit Azerbaijan from April 23 to 25.
22 April 2006 [09:09]
The Turkish Airlines will increase the number of flights in connection with the summer season.
22 April 2006 [09:03]
The Operative Supervision Office of the Ministry of Taxes conducted raids in 3429 objects to examine the state of using cash registers.
22 April 2006 [08:56]
The national Bank of Azerbaijan (NBA) presented proposals to the Cabinet of Ministers for improvement of the mortgage crediting process in the republic.
22 April 2006 [08:47]
No difference is shown towards the state and private banking sectors.
22 April 2006 [08:36]
Representatives of two Azeri companies left for Germany to attend the Hannover MESSE0-2006 exhibition to be held April 22-28 under organization of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO).
22 April 2006 [08:24]
Meeting was held in the Ministry of Economic Development with the members of the Turkish-Azerbaijani Business Council (TABC).
22 April 2006 [08:20]
By April 1 of the current year, the number of legal entities engaged in business activities in Azerbaijan grew by 1.7% in comparison with the beginning of the year and reached 71,476.
22 April 2006 [08:17]
The bill "On credit bureaus" is planned to be discussed in Milli Majlis this year.
21 April 2006 [16:38]
The Azerbaijani tax ministry started a stimulation lottery – "Take a cashier receipts- win a car," Head of the Operational Department at the Ministry, Gabil Mammedov said at his press-conference April 21.
21 April 2006 [15:36]
At the next session of Tariff Council, its members decided to change the following tariffs effective May 1: international phone calls, phone subscribers' fee for population, state IP-services, special communication, use and separation of common telecommunication numbers.
21 April 2006 [14:35]
The State Oil Company (SOCAR) resumed installing the control – gauging devices in order to control the production process at the Azneft production facility.
21 April 2006 [13:31]
USD 1.4 milliard money was saved up to the state oil-fund. About USD 12 million was brought, using fond capitals during the first term.
21 April 2006 [10:44]
Interior Minister of Turkey Abdulgadir Aksu, who is on his visit to Azerbaijan, has met with TUSIAD members.
21 April 2006 [10:19]
After the authorities of the BAYVA electricity distribution company were transmitted to the Azerenergy Open Joint-Stock Company (OJSC), stock-taking of subscribers along with the local executive powers is continued.
21 April 2006 [10:17]
The export of Kazakh oil through BTC pipeline can commence already next year.
21 April 2006 [10:13]
Gazelli Company, the only cosmetics producer of Azerbaijan plans to export its products to European countries, including Spain and France soon.
21 April 2006 [10:12]
According to IMF forecasts, Azerbaijan will be in the lead among the CIS countries concerning rate of economic growth in 2006-2007, the republican Gross Domestic Product will increase correspondingly by 26.2% and 22.9%.
21 April 2006 [09:44]
96% of the works on the South Caucasus Pipeline (SCP) project have been implemented.
21 April 2006 [09:39]
5th Azerbaijan International Travel and Tourism Exhibition (AITF-2006) started in Baku yesterday.
21 April 2006 [09:00]
In January-February of the current year volume of cargo traffic in the Azerbaijani part of the Europe-Caucasus-Asia (TRACECA) transport corridor increased by 12.1% in comparison with the relevant period of the preceding year and was 7.4 mn tons.
21 April 2006 [08:57]
The Ministry of Taxes completed reception of profit and income tax returns.
21 April 2006 [08:18]
In January-March of the current year enterprises and physical persons operating in the transport sector of Azerbaijan transported 30.7 mn tons (10.7% more in comparison with the relevant period of 2005) of cargo.
20 April 2006 [22:35]
The State Oil Fund (SOFAR) incomes reached this year 221. 4m AZM and expenditures - 168.7m AZM. 209. 9m AZM came from the oil agreements, 207. 3m AZM - from profit oil sale, 2. 6m AZM from the oil transit payments via Baku - Supsa pipeline.
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