Business

02 June 2010 [11:40]

British Premier sends letter to participants of 17th International Caspian Oil & gas Exhibition

British Prime Minister David Cameron has sent a letter to welcome participants of 17th International Caspian Oil & Gas Exhibition and Conference here.
02 June 2010 [10:55]

U.S. State Department Special Envoy: Southern Corridor, Nabucco projects to be implemented

We are confident that the Southern Corridor and Nabucco projects will be implemented, the U.S. State Department Special Envoy on Energy Issues in Eurasia, Richard Morningstar told journalists June 1.
02 June 2010 [09:20]

Official reception held in Baku on 17th International Caspian Oil & Gas Exhibition and Conference

An official reception has been co-organized by the embassies of the United Kongdom and United States in Baku on the 17th International Caspian Oil & Gas Exhibition and Conference Incorporating Refining and Petrochemicals on June 1.
02 June 2010 [08:55]

Trade between Azerbaijan and Belarus is "increasingly growing"

Belarus' ambassador in Baku has praised his country's trade with Azerbaijan, saying it is increasingly growing.
01 June 2010 [16:46]

Turkey, Azerbaijan expected to sign Shah Deniz deals next week

Turkey and Azerbaijan are expected to sign Shah Deniz natural gas agreements next week, Turkey's energy ministry executives said on Tuesday.
01 June 2010 [16:17]

Azerbaijani President participates in XVII Int'l Exhibition and Conference on "Oil, Gas, Refining and Petrochemicals" - UPDATE - PHOTOS

Today, Azerbaijani President Ilham Aliyev attended XVII International Exhibition and Conference on "Oil, Gas, Refining and Petrochemicals" held in Baku.
01 June 2010 [10:40]

Azerbaijan, China discuss cooperation in banking sector

Chairman of Azerbaijan Central Bank Elman Rustamov met governor of the People's Bank of China Zhou Xiaochuan on May 31.
01 June 2010 [09:30]

New bank with 100% Iranian capital to be launched in Azerbaijan

Bank Melli Iran is planning to establish a new bank in Azerbaijan with its own investments, chairman of the presidium and the executive director of the bank, Mahmoud Rza Haver, who is on a visit to Baku,said.
31 May 2010 [16:40]

Launch of Baku-Crete Island flight postponed

The launch of Baku-Crete island charter passenger flight slated for first half of June was postponed, the Azerbaijani Association of Tourism said.
31 May 2010 [16:15]

EBRD director to get familiarized with Azerbaijan's priorities for future cooperation

A delegation of the European Bank for Reconstruction and Development (EBRD), which will include representatives of the Board of Directors will starts its visit to Baku today, said in the statement of EBRD Baku Office.
31 May 2010 [09:09]

Bank Melli Iran Hopeful about inaugurating more branches in Azerbaijan

Managing Director of Bank Melli Iran (BMI) Mahmoud Reza Khavari announced the bank's readiness to open more branches in different cities of Azerbaijan.
30 May 2010 [09:35]

Azerbaijani investment opportunities presented at international fair in France

Azerbaijan took part in the 53-rd international fair held in the north-west of Lower Normandy, France, a statement said.
28 May 2010 [15:25]

WB approves 3rd Azerbaijan highway project

The World Bank’s Board of Executive Directors has approved the 3rd Highway Project on Azerbaijan, which amounts to a total of $356.15 million.
28 May 2010 [11:42]

Baku hosts international Conference on Inter-Regional Banking Cooperation for Solid Financial Future

Azerbaijan's capital hosted an international conference entitled “Inter-regional banking cooperation for solid financial future”.
28 May 2010 [09:50]

"Relations between Azerbaijan and UK are based primarily on cooperation in the energy sector"

Trend interviews Azerbaijani Ambassador to the UK Fakhraddin Gurbanov.
26 May 2010 [15:22]

Israel willing to expand ties with Azerbaijan in alternative and renewable energy sources

Israel is interested in increasing the number of gas suppliers to its market, National Infrastructures Ministry Director-General Shaul Zemach said.
25 May 2010 [15:46]

Azerbaijan's business opportunities presented in Germany

Frankfurt hosted a conference "Azerbaijan - the country of investment" under the global business week May 17- 21 in, the Azerbaijani Economic Development Ministry reported.
24 May 2010 [16:13]

Fitch increases SOCAR's rating

24 May 2010 [14:30]

Azerbaijan's foreign debt exeeds $3.440 billion

As of April 1, 2010, the foreign national debt of Azerbaijan made $ 3 440.3 bln, up 0.5% compared with the beginning of 2010.
24 May 2010 [09:50]

Azerbaijan earns nearly $94m from traffic via Traceca in Q1 of 2010

Cargo and passenger traffic via the Azerbaijani section of the TRACECA corridor earned the country AZN75.2 million or nearly $94m in the first three months of 2010, the State Statistical Committee said.
22 May 2010 [14:12]

Commodity turnover between Azerbaijan and Russia to reach $3 billion in 2010

A commodity turnover between Azerbaijan and Russia is expected to reach 3 billion dollars by the end of 2010, chief of the trade delegates of Russia to Azerbaijan Yury Shedrin said at the meeting of Azerbaijan-Russia Chamber of Commerce in Baku.
22 May 2010 [11:08]

Azerbaijan's finance minister: Significant drop in euro rate not expected

Euro-zone countries will not allow the depreciation of euros in relevant to the dollar below the level at which the euro started - 1.19 dollar per one euros, said the Minister of Finance of Azerbaijan Samir Sharifov.
22 May 2010 [09:00]

SOCAR's Black Sea terminal transports Tengiz oil

At the Black Sea terminal of SOCAR in Kulevi, Georgia, transportation of crude oil has started.
21 May 2010 [16:49]

SOCAR presents Poty gas supply project

SOCAR Georgiagaz Company presented a project to supply Georgian city Poty with gas.
21 May 2010 [15:15]

SOCAR joins annual Global Refining Summit 2010 in Netherlands

The State Oil Company of Azerbaijan Republic (SOCAR) has participated for the first time in the 4th Annual Global Refining Summit 2010 in Rotterdam, the Netherlands.
21 May 2010 [14:40]

International conference "Azerbaijan – Country of Investments" wraps up in Frankfurt

A conference “Azerbaijan – country of investments” has ended in Frankfurt within the annual Global Business Week.
21 May 2010 [14:06]

Azerbaijan in EXPO 2010 held under motto "Better City - Better Life" – PHOTO

Universal exhibition EXPO-2010 in China is held under the motto "Better City - Better Life".
20 May 2010 [10:25]

ICT minister meets Azerbaijan-Turkey Business Association chief

Azeri Minister of Communication and Information Technology Ali Abbasov has met CEO of the Azerbaijan Turkey Business Association (ATIB) Fatima Aslan.
20 May 2010 [09:05]

Members of Romania-Turkey Businesswomen Association in Baku

A meeting has been held with members of the Romania-Turkey Businesswomen Association at the Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan.
19 May 2010 [14:21]

GDP grew by 5% for 4 months in Azerbaijan

The gross domestic product (GDP) grew by 5% to 13 billion AZN during four months of 2010 in Azerbaijan, State Statistic Committee said.
19 May 2010 [13:59]

SOCAR supplies Azerbaijan gas system with over 972 million cm

The State Oil Company of Azerbaijan Republic (SOCAR) supplied a gas system of the country with 972.339,000 cm in April.
19 May 2010 [10:51]

Azerbaijan state oil company launches new oiler

The State Oil Company of Azerbaijan (SOCAR) has put into operation another oiler in the "Gum Deniz" field, the company said.
19 May 2010 [09:26]

Tokyo hosts Japan-Azerbaijan investment forum

Over a total of 200 Japanese and Azerbaijani officials and businessmen have come together in Tokyo for a joint investment forum.
18 May 2010 [17:11]

Members of Romania-Turkey Businesswomen Association to visit Azerbaijan

Members of the Romania-Turkey Businesswomen Association will tomorrow visit Azerbaijan.
18 May 2010 [12:53]

Azerbaijani Minister of Finance Samir Sharifov: We have to delay emission of euro bonds

Interview with Azerbaijani Minister of Finance Samir Sharifov.
18 May 2010 [12:46]

BP spent $1.4m in Azerbaijan alone in 1st quarter of 2010 on sustainable development projects

BP said it spent around $1.36 million in Azerbaijan alone on sustainable development projects during the first quarter of 2010.
15 May 2010 [13:28]

SOCAR appoints new vice-presidents

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev introduced new vice-presidents to the staff of the company.
15 May 2010 [09:51]

Azerbaijan discloses 12th EITI report

The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on Friday.