Business

13 November 2009 [17:33]

Armenian Armed Forces conduct military exercises in occupied Azerbaijani territories

Armenian Armed Forces have begun military exercises in the occupied territories of Aghdam again.
13 November 2009 [16:58]

Azerbaijan may offer securities to compensate for Soviet-era bank savings

The Soviet-era bank savings of population may be returned in the form of securities, said Rufat Aslanli, Chairman of the State Committee on Securities.
13 November 2009 [16:13]

Eastern Partnership program's first meeting involving Azerbaijan to be held in Brussels

Eastern Partnership (EaP) Civil Society Forum will hold its first meeting in Brussels on Nov. 16-17.
13 November 2009 [11:52]

Bulgaria may launch joint venture to transport Azerbaijani gas

Bulgaria may launch joint venture to transport Azerbaijani gas.
13 November 2009 [09:21]

Azerbaijani parliament completes discussion on 2010 state budget bill

The Parliament of Azerbaijan completed discussion on 2010 state budget blueprint.
12 November 2009 [11:26]

Gold prices set a new record

11 November 2009 [17:40]

Azerbaijan, Iran sign a memorandum on gas exports

Azerbaijan and Iran have signed a memorandum on supply of natural gas.
11 November 2009 [16:14]

Azerbaijani to build trade and logistics centre in Minsk

An Azerbaijani trade and logistics centre will be built in the Minsk region, Acting Chairman of the Economy Committee of the Minsk Oblast Executive Committee Vita Tsivilskaya said.
11 November 2009 [09:48]

Oil rises above $80 a barrel after hurricane disrupts

Oil prices fell on Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida, Reuters reported.
10 November 2009 [16:42]

Azerbaijan's economy demonstrated high resistance to crisis: Central Bank

Azerbaijan’s parliament (Milli Majlis) discussed the state budget bill for 2010 on Nov. 10.
10 November 2009 [14:33]

Azerbaijan may participate both in South Stream and Nabucco: German expert

Day.Az interview with fellow at German Council on Foreign Relations Stefan Meister.
10 November 2009 [13:57]

Azerbaijani parliament starts to debate 2010 state budget

Azerbaijan’s parliament (Milli Majlis) has started to discuss the state budget bill for 2010.
10 November 2009 [11:56]

Azerbaijan's Culture and Tourism Ministry attends 'World Travel Market' tourism exhibition

The 'World Travel Market' international traditional tourism exhibition will feature also a stand of Azerbaijan.
10 November 2009 [10:33]

Baku to host Azerbaijan-Germany business forum on ecology

Azerbaijan-Germany business forum entitled “Technology for cleaning environment from Germany” will be held in Baku on Nov. 11, Azerbaijan-Germany Economic Union (DAWF) said.
07 November 2009 [11:49]

Oil prices drop below $78 a barrel

Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983, AP reported.
05 November 2009 [12:14]

Azerbaijani Transport Ministry to attend Russian Railways bicentennial anniversary celebrations

The bicentennial anniversary of the Russian railway will be widely celebrated in Moscow from November 18 to 20, press service of the Azerbaijan Ministry of Transport said.
04 November 2009 [16:28]

Gold prices hit all-time high

04 November 2009 [15:42]

Azerbaijan's state oil fund ranks high in int'l transparency index

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) ranks among the highest in the Linaburg-Maduell Transparency Index.
04 November 2009 [13:48]

SOCAR plans to buy oil refinery in Italy

The State Oil Company of Azerbaijan Republic (SOCAR) plans to buy “significant” part of stakes of an oil refinery in Italy, SOCAR top manager said.
04 November 2009 [11:46]

Azerbaijan leads for GDP growth among CIS countries

Azerbaijan led for GDP growth among CIS countries for the first nine month of 2009, the State Statistics Committee said.
03 November 2009 [12:56]

Obama says unemployment may rise in U.S.

02 November 2009 [17:23]

Volume of Azerbaijan's defense expenditures released

Azerbaijan’s state budget for 2010 envisages 24, 945, 644 manat for improvements in salary and pension benefits in the defense and security sector, and financing social measures.
02 November 2009 [14:14]

Azerbaijani parliament to discuss bill on 2010 state budget for four days

The Bill on Azerbaijan’s state budget for 2010 will be discussed in the parliament for four days.
02 November 2009 [10:53]

Prices on domestic flights up in Azerbaijan

Prices on domestic flights have increased in Azerbaijan, Azerbaijan Airlines (AZAL) Spokesperson Maharram Safarli said.
31 October 2009 [12:05]

Route of Azerbaijani gas to Western channels lies through Turkey: Turkish energy minister

“One should not forget that every country has alternative sources of gas,” Turkey’s Energy Minister Taner Yildiz said in an interview with local NTV TV channel.
30 October 2009 [18:40]

Prices in Baku secondary housing market released

Participants of the Property Market Public Union has released results of the monitoring into the secondary housing market in the Azerbaijani capital conducted in Sept. 2009.
30 October 2009 [17:18]

Bread prices may fall in Azerbaijan

There is a need to reduce prices on bread in Azerbaijan, Azerbaijani Agriculture Minister Ismat Abbasov said at a news conference.
30 October 2009 [15:03]

Greece ready to share experience in use of alternative energy sources with Azerbaijan

Azerbaijani Deputy Minister of Industry and Energy Gulmammad Javadov met Thursday the Greek ambassador to Azerbaijan Ioannis Metaxas to discuss prospect for further cooperation.
29 October 2009 [16:27]

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

Participants of the Property Market Public Union has released outcomes of the monitoring into the first housing market in Baku for September 2009.
29 October 2009 [12:23]

Armenia's foreign debt composes almost half of country's GDP

Armenia’s national debt has almost doubled.
28 October 2009 [11:12]

Azerbaijan attends International Association of Insurance meeting

The 16th annual conference of the International Association of Insurance Supervisors was held in Rio de Janeiro, Brazil on Oct. 21-24.
28 October 2009 [10:55]

Azerbaijan's Central Bank will be participant of Organized Interbank Credit Market

The Baku Interbank Currency Exchange (BBVB) has announced a new stage in development of Organized Interbank Credit Market (OICM) operating in its e-trading system BEST.
27 October 2009 [18:10]

Baku-Astrakhan-Baku flight launched

“Azerbaijan airlines”, AZAL, has launched today Baku-Astrakhan-Baku flight.
26 October 2009 [17:38]

Baku Metro to build three more stations

Baku Metro management is preparing to build a metro station "Mushfig", "Javadkhan", "Bus Station”, chief of the Baku Metro Tagi Ahmadov said in an interview with state media.
24 October 2009 [12:58]

Kazakhstan will be a part of the Nabucco Project: Turkish president

Turkish President Abdullah Gul said Friday there were strong reasons for Turkey and Kazakhstan to work together, Anadolu Agency reported.
24 October 2009 [12:18]

Low-quality constructions not to be accepted: Azerbaijani ministry of emergency situations

A lot of low-quality residential buildings have been built in Baku, director of the Construction Evaluation Center of the State Sgency for Construction Safety under the Emergency Situations Ministry Kamil Muradov said.
24 October 2009 [11:52]

Palmali acquires new tankers

A $200 million contract on construction of third range of 'Armada' tankers, design RST22M was signed between Palmali group of companies and Besiktas Gemi Insaa Anonim Sirketi shipyard (Turkey), the company reported.
24 October 2009 [11:20]

Azerbaijan to build methanol plant

The European Bank for Reconstruction and Development (EBRD) has approved a $120 million loan for AZMECO Company for the construction of a methanol producing plant in Azerbaijan, EBRD Baku Office said on Oct. 22.
24 October 2009 [11:09]

Windows 7 will be available in Azerbaijani language

Microsoft Azerbaijan Company has launched localization of operational system Windows 7 into the Azerbaijani language, the company said.
24 October 2009 [10:38]

Azerbaijan not intends to pay off IMF loans ahead of time: minister

The Azerbaijani Ministry of Finance does not consider it necessary to premature pay off the loans of the International Monetary Fund.
24 October 2009 [10:27]

Azerbaijan will launch new tea factory

A new tea factory will be launched in Azerbaijan’s Lankaran region soon, Director of the factory Muhandis Jahangirov said.
24 October 2009 [09:45]

SOCAR, BP discuss prospects for environmental cooperation

The State Oil Company of Azerbaijan Republic (SOCAR) and BP Azerbaijan discussed prospects for cooperation in the sphere of ecology, SOCAR Ecology Department said on Oct. 23.
23 October 2009 [15:03]

Azerbaijan proposes to extend transport corridor within CAREC

Azerbaijan's Transport Ministry proposes to include to CAREC projects within the "North-South" transport corridor which runs via Azerbaijan also.
23 October 2009 [12:31]

Model of Azerbaijan's national satellite to be presented in Baku

U.S. Company Orbital Sciences Corporation will make presentation of approved model of national satellite Azerspace within the Azerbaijani international exhibition BakuTel-2009, organizer of the exhibition Iteca Caspian said.
23 October 2009 [11:28]

Azerbaijan, Egypt to open direct air flights

A direct flight will open between Cairo and Baku soon, Egyptian Deputy Foreign Minister Mohammad al-Orabi said in Baku on Oct. 22.
23 October 2009 [09:38]

Azerbaijan ranks third for volume of operations with WB in Europe and Central Asia

Agreements on financing of 50 projects totaling $2.607 billion were signed during the period of the World Bank operations in Azerbaijan, Azerbaijani Vice Prime Minister Abid Sharifov said.
23 October 2009 [08:47]

BSEC secretary general praises Azerbaijan’s chairmanship

Azerbaijan`s presidency of the Black Sea Economic Cooperation Organization, BSEC, has been hailed by Leonidas Chrysanthopoulos, the organization`s secretary general.
22 October 2009 [15:53]

Hydroelectric power plants in Azerbaijan are not insured for certain reasons: head of Azerenergy

Hydroelectric power plants owned by Azerenergy (national manufacturer and distributor of electricity in Azerbaijan) were not insured because of the high cost of these services, head of the company Etibar Pirverdiyev said on Oct. 20.
22 October 2009 [11:13]

Azerbaijan will continue to adhere to stable manat policy: Central Bank

In the post-crisis period, Azerbaijan will continue to adhere to the policy of stable manat, the chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said on Oct. 21.
22 October 2009 [08:47]

ATIB: Rports that Turkish businessmen undergo pressures in Azerbaijan are untrue

Azerbaijan-Turkey Business Association has (ATIB) issued a statement.
21 October 2009 [11:48]

Azerbaijan determines new model of development given positive features of globalized economy: deputy prime minister

"New opportunities for integration of Azerbaijan into the world economy and further economic growth have been created."
21 October 2009 [10:33]

Azerbaijani Central Bank director announces inflation forecast for 2010

Anticipated rate of inflation for 2010 is 3 to 5 percent in Azerbaijan.
20 October 2009 [17:16]

Armeni's GDP declines 18.3 percent in Jan.-Sept.

Over the nine months of 2009, Armenia's GDP declined 18.3 per cent to $2 trillion AMD, Armenian National Statistical Service said.
20 October 2009 [16:15]

Azerbaijan, Russia are leaders in economic partnership in S.Caucasus: head of the Center for Strategic Studies

Azerbaijan and Russia are the leaders in trade and economic relations in the South Caucasus, Head of the Center for Strategic Studies under the Azerbaijani President Elkhan Nuriyev said.
20 October 2009 [11:55]

Interconnection of Azerbaijani, Iranian and Russian energy systems is under a design stage: Azerenergy chief

Overhaul of 500 kV electricity transmission line between Azerbaijan and Georgia will complete in 2010-2011, head of Azerenergy Etibar Pirverdiyev said on Oct. 20.
20 October 2009 [10:34]

Oil prices reach one-year high

Oil rose to a one-year high above $80 a barrel in New York as the dollar slipped to a 14-month low against the euro, increasing commodities’ appeal as an alternative investment, Bloomberg reported.
20 October 2009 [09:14]

We consider it more important European Union engage in guaranteeing continuity of supplies: Russian FM

Talks between the European Union and Russia are on track to conclude a new partnership and cooperation agreement to replace the one that expired last year, Russian Foreign Minister Sergey Lavrov said Monday, AP reported.
20 October 2009 [08:58]

Italy, Russia, Turkey sign Samsun-Cehyan pipeline deal

Italy, Russia and Turkey signed an agreement Monday for the construction of a pipeline that will carry crude oil from the Black Sea to the Mediterranean port of Ceyahn, the Italian oil company Eni said in a statement, AP reported.
19 October 2009 [17:44]

SOCAR may export gas to Iran: company president

The State Oil Company of Azerbaijan Republic (SOCAR) is negotiating with Iran to start gas exports in the coming winter, President of SOCAR Rovnag Abdullayev said on Oct. 19.