Business

17 February 2010 [20:34]

Azerbaijani capital's gas supply system to be renewed

Azerbaijan's major gas supply company, Azerigaz, said it plans to draw up a wide program aimed at renewing gas supply system in the capital, Baku.
17 February 2010 [17:26]

Azerbaijan imported 115, 000 tones of grain last year

Nearly 115,000 tones of grain was purchased and brought to Azerbaijan for the State Grain Fund by the Ministry of Emergency Situations last year.
16 February 2010 [19:48]

Azerbaijani state oil fund director meets US Congress officials

Shahmar Movsumov, Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), received representatives of the US Congress on Feb. 16.
15 February 2010 [16:01]

Azerbaijan's Sumgait city ups electricity consumption

As of Jan. 1, electricity consumption grew by 20.9 percent in Sumgayit, Azerbaijan's second largest city.
12 February 2010 [16:57]

Azerbaijan to build new pipeline to export gas to Iran

The State Oil Company of Azerbaijan Republic (SOCAR) intends to build a new pipeline to export gas to Iran, Azerigas PU First Deputy Nazim Samadzade said.
11 February 2010 [16:02]

Tax minister: Azerbaijani tax system changes corresponds to international practice

Structural changes in Azerbaijan's tax system will improve the country's tax administration and will increase budget revenues, Azerbaijani Tax Minister Fazil Mammadov said.
11 February 2010 [15:23]

Azerbaijan national oil company lays gas line to Georgian region

The SOCAR, Azerbaijan's state-run oil firm, has built a gas pipeline to the Lanchkhuti region of Georgia.
09 February 2010 [18:07]

'Belarus ready to share ICT experience with Azerbaijan'

Belarus is ready to share its experience in ICT with Azerbaijan, visiting Hi-Tech Park Administration`s director Valery Tsepkalo told Azeri ICT minister Ali Abbasov.
09 February 2010 [14:50]

First Azerbaijan-Belarus ICT forum launches in Baku

The first Azerbaijan-Belarus business forum on telecommunication and information technologies was launched today in Baku, at hotel Park INN Azerbaijan.
09 February 2010 [11:43]

Third Caspian energy forum due in Moscow

Third Caspian Energy Forum will take place in Moscow`s Center of International Trade on 23 March.
05 February 2010 [10:45]

Director of the Greek DEPA Gas Corporation: Greece is ready to sign gas agreement with Azerbaijan

Interview with the Chairman and Executive Director of the Greek DEPA Gas Corporation Harry Sachinis, who is on a visit to Baku.
04 February 2010 [16:54]

Azerbaijan to participate in Islamic finance development conference

The Cbonds Information Agency plans to hold an international conference on the "Development of Islamic Finance Tools in CIS Countries," the Baku Stock Exchange reported.
04 February 2010 [16:00]

Azerbaijani deputy FM: Economic Cooperation Organization needs to be reformed

Azerbaijan will take over General Secretariat of the Economic Cooperation Organization (ECO) from 2012, Deputy Foreign Minister Mahmud Mammadguliyev said.
04 February 2010 [13:56]

First meeting of ECO member states' health ministers underway in Baku

The first meeting of ECO member countries' health ministers has today started here.
04 February 2010 [13:18]

Iranian vice-president: Launching Azerbaijan-Turkmenistan-Iran marine passenger route under discussions

Interview with Iranian Vice-President, Cultural Heritage and Tourism Organization Chief, chairman of the Center for Free Economic Zones Hamid Baghai.
03 February 2010 [16:07]

Romania, Azerbaijan discuss energy ties

Head of Azerbaijan's State Oil Company (SOCAR) Rovnag Abdullayev met with Tudor Serban, Romanian Deputy Minister of Economy, Commerce and Business Environment.
02 February 2010 [16:28]

Iran eases rules of trade with Azerbaijan

The Islamic Republic of Iran will ease rules of trade with Azerbaijan, spokesman for the Iranian embassy in Azerbaijan Abbas Isgandari said.
02 February 2010 [14:23]

Azerbaijan, Turkey agree on gas price

Azerbaijan and Turkey have agreed on price of the Azerbaijani gas in the first stage of the Shah Deniz project, Head of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev said today.
02 February 2010 [13:45]

Budapest to host Hungary-Azerbaijan business forum

A Hungary-Azerbaijan business forum will be held on February 22-23 in Budapest.
02 February 2010 [09:36]

Basic pensions for WWII veterans increased in Azerbaijan

The basic portion of the pensions for the WWII participators has been increased by AZN 30, the State Fund of Social Protection said.
01 February 2010 [13:38]

Azerbaijani Minister of Industry and Energy visits United Kingdom

Minister of Industry and Energy of Azerbaijan Natig Aliyev was on a working visit to the United Kingdom on January 27-28, Azerbaijani embassy in London said.
30 January 2010 [11:22]

Azerbaijani transport minister: Kazakhstan, China interested in Baku-Tbilisi-Kars project

Kazakhstan and China show great interest in the Baku-Tbilisi-Kars project, Azerbaijani Transport Minister Ziya Mammadov told journalists in Tbilisi.
29 January 2010 [13:05]

Azerbaijan's military equipment production sees 3-percent rise

Ministry of Defense of Azerbaijan (MDA) held its next board meeting on overall works done in 2009 on Jan. 28, MDA’s press office said.
29 January 2010 [10:42]

Azerbaijani President attends WEF’s “Global Energy Outlook” session

Azerbaijan's President Ilham Aliyev attended the World Economic Forum`s session entitled "Global Energy Outlook" on Jan. 28.
28 January 2010 [10:23]

Azerbaijani President meets RWE's CEO in Davos

Azerbaijan`s President Ilham Aliyev met CEO of RWE Juergen Grossman in Davos, Switzerland on Jan. 27.
28 January 2010 [08:30]

Azerbaijani President meets BP CEO in Davos

Azerbaijan President Ilham Aliyev met BP's Chief Executive Officer Tony Hayward in Davos, Switzerland on Jan. 27.
27 January 2010 [19:05]

Azerbaijan state oil fund's revenues top 8 billion in 2009

Shahmar Movsumov, Executive Director of Azerbaijan's State Oil Fund (SOFAZ) gave a press-conference on January 26 dealt with results of 2009.
27 January 2010 [16:44]

Azerbaijani state oil fund's revenues ‘exceeded $10bn’ last year

Revenues of Azerbaijan`s State Oil Fund exceeded 10 billion dollars in 2009, executive director Shahmar Movsumov told a press conference.
26 January 2010 [18:10]

Azerbaijan poised to launch compressed gas export to Europe

While getting Caspian and Central Asian gas to Europe bypassing Russian soil has proved difficult, that’s not because of a shortage of ideas.
25 January 2010 [18:39]

Average price on non-residential premises in Baku made public

Azerbaijan's Participants of the Property Market Public Union has released outcome of December 2009 monitoring into the market of non-residential premises.
25 January 2010 [15:27]

London to host Azerbaijan-UK Business Forum

Azerbaijan-UK Business Forum on trade and investments is to take place in London on March 8.
25 January 2010 [10:48]

State-run communication companies to be privatized in Azerbaijan

The Ministry of Communication and Information Technology is planning to privatize state-owned communication enterprises.
23 January 2010 [14:50]

Azerbaijan restores gas supply to Russia after pipeline leak repairs

Azerbaijan has restored gas supplies to Russia after a trunk gas pipeline was shut down for a gas leak on Friday, resulting in supply disruptions to local regions and Russia.
22 January 2010 [18:10]

Kazakh President advises to follow Azerbaijan’s example in gas operations

Kazakh President Nursultan Nazarbayev advised to study Azerbaijan's experience in associated gas revenues.
22 January 2010 [17:05]

Azerbaijan expects inflation to move up this year

Inflation is expected to reach 5-7 percent in Azerbaijan at the end of 2010, compared to 1.5 percent in 2009, said Arif Veliyev, chairman of the State Statistical Committee.
22 January 2010 [10:55]

Azerbaijan produced 333 kilograms of gold last year

Azerbaijan, which started industrial production of gold in July 2009, keeps on developing gold extraction.
22 January 2010 [09:34]

ADB official to visit Baku

Director of Urban Services of Asian Development Bank (ADB) Matthew Westfall will arrive in the capital of Azerbaijan on Jan. 22.
21 January 2010 [20:45]

1,202 tons of fish caught in Azerbaijan last year

In 2009, 65 legal entities and individuals received quotas for yield of 2,670 tons of fish in Azerbaijan.
21 January 2010 [18:21]

Average price on one square meters of area in new buildings in Baku released

Azerbaijan’s Participants of Property Market Public Union has released outcomes of the Dec. 2009 monitoring into the first housing market in Baku.
21 January 2010 [15:57]

Georgia to buy Azeri gas for $169 per 1,000 cubic meters

Georgian group of independent experts predicts that natural gas price will go down in the country.
20 January 2010 [18:11]

Azerbaijan to launch major power plant next year

The "Cenub" power station in Shirvan will be commissioned in 2011, said Etibar Pirverdiyev, president of AzerEnerji.
20 January 2010 [12:00]

Azerbaijan state oil company increases own gas export by 26 percent

In Dec. 2009, the State Oil Company of Azerbaijan (SOCAR) increased volumes of gas exports 57.1 percent as compared to 12.1 percent in Nov, the company said.
19 January 2010 [16:42]

Azerbaijan to launch its satellite into orbit in 2012

Azerbaijan Ministry of Communications and Information Technologies has reported the work done in 2009 on launching of own communications satellite.
19 January 2010 [15:36]

Azerbaijan gains right to export black caviar to EU states

The European Commission has included Azerbaijan to the list of countries exporting black caviar to the European Union.
18 January 2010 [18:47]

Indian pharmaceutical officials to visit Azerbaijan early February

Officials of the Indian pharmaceutical companies will visit Azerbaijan early February, Indian ambassador to Azerbaijan Debnath Show said.
18 January 2010 [16:14]

Azerbaijan, Switzerland to discuss prospects for trade and economic cooperation

Bern will be hosting today the 4th meeting of an Azerbaijan-Switzerland intergovernmental commission on trade and economic cooperation.
15 January 2010 [14:45]

PFC Energy: Azerbaijan will be best served with multiple gas export options

Azerbaijan could be a stable and dependable source of gas for Europe if price and transit issues can be solved with Turkey, Julia Nanay, senior director at the Global PFC Energy (Petroleum Finance Company) said.
15 January 2010 [10:46]

Azeri light crude sells for $79.69

14 January 2010 [18:23]

Azerbaijani PM: Energy transit by Southern Corridor needs to be commercially attractive:

Azerbaijani Prime Minister Artur Rasizade urged the participants of the Batumi Energy Conference to make financially attractive energy supply through the Southern Energy Corridor.