Business

24 August 2009 [13:39]

Next meeting of TRACECA intergovernmental commission due in Brussels

A meeting of the TRACECA intergovernmental commission will take place September 23 in Brussels.
24 August 2009 [12:39]

Azerbaijan discloses its major foreign trade partners

The Azerbaijani State Customs Committee has released national trade figures for January-July 2009. Azerbaijan engages in trade operations with 126 countries, the committee reported.
24 August 2009 [11:51]

Azerbaijan Mortgage Fund expands list of partners

The Azerbaijani Mortgage Fund (AMF) under the Central Bank has expanded the list of authorized banks, insurance and appraisal companies, the fund said.
22 August 2009 [08:21]

Oil prices hit $74 per barrel over last 10 months

The price of oil has hit its highest level of the year, boosted by sharp rises in Chinese stocks and rising shares on Wall Street, BBC reported.
21 August 2009 [15:58]

Azerbaijan Investment Company prepared to help entrepreneurs to implement projects to develop country’s regions

Azerbaijan Investment Company (AIC) is prepared to help entrepreneurs to implement projects to develop country’s regions, AIC executive director Afgan Isayev said at a conference “State Support for Entrepreneurship".
21 August 2009 [11:33]

Nabucco pipeline assumes strategic significance for Turkey: ambassador

Turkish ambassador to Kazakhstan Atilla Gunay spoke in an exclusive interview with Trend Capital.
21 August 2009 [08:53]

Turkey makes new proposal to Azerbaijani government

Turkish Minister of Energy and Natural Resources Taner Yildiz said Turkey have made a new proposal to Baku in terms of purchase of natural gas, Anadolu news agency reported.
20 August 2009 [17:51]

Armenia’s GDP declines

Armenia’s GDP declined 18.5 percent in January-July 2009, according to the national statistic service.
20 August 2009 [17:33]

Turkmenistan signs a deal to supply gas to Iran

Iran and Turkmenistan have signed an agreement regulating prices and schedule of gas supply from Turkmenistan to Iran, CA-News reported with reference to “The Globalist."
20 August 2009 [15:42]

Baku to host Azerbaijani int'l Education & Career Exhibition

One of the features of the global financial and economic crisis is the growth of investment on the part of individuals in their own education and improvement. With fewer jobs available, potential employees need to invest in their education in order to be employable.
20 August 2009 [14:16]

The ICT sector is one of most attractive sectors for employment in Azerbaijan

Sector of information and communication technology (ICT) is one of the most attractive sectors for employment in Azerbaijan, ICT Information Center Director Farid Kazimov said.
20 August 2009 [13:19]

Iranian businessmen debate cooperation with Azerbaijan

Entrepreneurs from Iran and Azerbaijan discussed possibility of enhancing mutual cooperation in the round table held in Baku, Azerbaijan Economic Development Ministry said.
20 August 2009 [11:31]

Azerbaijan releases about 6 million young sturgeon into sea

Azerbaijan’s fish factories released 5.8 million young sturgeon into the sea in the first half of 2009, Azerbaijan State Statistics Committee said.
20 August 2009 [11:19]

Kazakhstan voices its stance on Kazakh Caspian oil transport system

Negotiations on the Kazakh Caspian oil transport system (KCOTS) project entered an active phase at the end of July, Kazakh Energy and Mineral Resources Minister Sauat Mynbayev said.
20 August 2009 [10:26]

Azerbaijani communications ministry plans to issue 3G licenses to mobile operators

The Azerbaijani Communications and Information Technologies Ministry forecasts to license mobile operators to set up third generation communications (3G) at the end of September, the ministry said.
20 August 2009 [09:52]

Italy voices support for Nabucco pipeline

Italy is not opposed to the Nabucco gas pipeline project, country’s foreign minister told a newspaper.
19 August 2009 [16:35]

Armenia to face economic recession

The Armenian government forecasts economic decline of 12-15 percent.
19 August 2009 [12:24]

Azerbaijani oil field third in CERA ranking of world's 20 largest oil fields

Azerbaijan's Azeri-Chirag-Guneshli field took third place in a ranking of the world's 20 largest oil fields set up by the American Consulting Association CERA (Cambridge Energy Research Associates).
19 August 2009 [11:42]

Azerbaijani population ups foodstuff expenditures

Azerbaijani population purchased food and non-food products worth 6 billion manat in January-July 2009, a rise of 8.5 percent from last year, Azerbaijan State Statistics Committee said.
19 August 2009 [09:37]

EU to establish single tax structure

European Union officials Tuesday called on member states to share information about their taxpayers to help combat value added tax (VAT) fraud, which costs governments billions of euros in lost revenues each year.
18 August 2009 [16:58]

BP releases report on H1 of 2009

BP, operator of Azeri-Chirag-Guneshli fields of Azerbaijan, produced about 146 million barrels (about 20 million tonnes) of oil in the first half of 2009, according to company's report on H1 of 2009.
18 August 2009 [12:04]

Rise in Azerbaijan’s agricultural production

Azerbaijan’s agricultural production totaled 2 billion manat in January-July 2009, a rise of 6.6 percent from the same period of 2008, State Statistics Committee said.
18 August 2009 [11:51]

American professor predicts when world economy will see full recovery

Professor at the U.S. World Marketing company Gene Aldridge says the global economy can overcome the recession at least in 5 years.
18 August 2009 [09:12]

Armenia is one of CIS leading countries for GDP slump

According to CIS Statistics Committee estimates, the greatest GDP slump is recorded in Ukraine-20.3% and Armenia-16.3% compared to H1 2008. Russia is rated third (13.4%) among CIS countries for GDP slump and consumer price growth.
18 August 2009 [08:44]

Azerbaijan approves state program on establishment of space industry

On August 17, the President of Azerbaijan Ilham Aliyev signed an an order endorsing the state program on establishment and development of space industry in Azerbaijan.
17 August 2009 [17:06]

Israeli organization realizes humanitarian project in Azerbaijan

Presentation of the Guba Center of the Azerbaijani Red Crescent Society was held in Baku, on Aug.17 after major overhaul with the financial and technical assistance from the Israeli organization Magen David Adom.
17 August 2009 [16:48]

Kiev-Ganja regular flights opened

Donbassaero airway company launched regular Kiev-Ganja flights between Ukraine and Azerbaijan on August 18, the company said.
17 August 2009 [16:36]

Stars of some Azerbaijan-based hotels to be withdrawn

The stars of some Azerbaijan-based hotels will be withdrawn in September this year, Culture and Tourism Minister Abulfas Garayev said.
17 August 2009 [14:26]

Rise in Azerbaijan's GDP

In January-July 2009, Azerbaijani GDP increased 2.7 percent compared to 2008, the State Statistics Committee said.
17 August 2009 [14:17]

Kazakh oil delivery through BTC increases

The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 1 million tons of the Kazakh Tengiz oil in January to July compared to 907,700 tons in January to June, the Azerbaijani state statistics committee said.
17 August 2009 [11:59]

Rise in Azerbaijan’s communication, mail revenues

Azerbaijan’s communication and mail agencies rendered services worth 560 million manat in January-July 2009, a rise of 12.7 percent from 2008, the State Statistics Committee said.
17 August 2009 [11:12]

SOCAR paid 500 million manat in taxes in 2009

The tax payments of the State Oil Company of Azerbaijan Republic (SOCAR) totalled 496 million manat in January-July 2009, the SOCAR official Web site said.
15 August 2009 [10:03]

Rise in Armenia’s unemployment rate

14 August 2009 [12:59]

Turkmenistan doubles gas exports to Iran

Turkmenistan will launch a new pipeline to Iran in December to diversify its gas exports, reports say.
14 August 2009 [09:10]

Fitch lowers Armenia's ratings

According to Fitch Rating forecast, GDP decline in Armenia will make 15 percent by late 2009.
13 August 2009 [15:19]

American expert: no energy project can bypass Azerbaijan

Nabucco gas pipeline project, which is likely to involve Turkmenistan as well, will be a significant contribution to development of West-East energy corridor, American expert from The Tool Shed Group analytical center Jameson Katz said.
13 August 2009 [14:56]

Russia, Turkey may build oil refinery

Russian and Turkish authorities have agreed to study possibility of building a refinery and to organize joint marketing of oil products, according to the intergovernmental protocol signed during the recent visit of Russian delegation to Ankara.
13 August 2009 [14:14]

Waste processing center to be opened in Azerbaijan

The State Oil Company of Azerbaijan (SOCAR) and the U.S. Trade and Development Agency (USTDA) signed a $572,068 grant agreement on Aug.13.
13 August 2009 [12:18]

SOCAR to finance construction of Igdyr-Nakhchivan gas pipeline

The State Oil Company of the Azerbaijani Republic (SOCAR) will cover all expenses for construction of the Igdyr-Nakhchivan pipeline to be laid from Turkey to Azerbaijan under the relevant memorandum signed earlier, head of SOCAR Rovnag Abdullayev said.
13 August 2009 [11:29]

Belarus architects trip to Baku

Delegation of the Belarus Ministry of Construction and Architecture has paid a two-day visit to Azerbaijan, Belarus embassy in Azerbaijan said.
13 August 2009 [09:54]

More than 20 million tons of Azerbaijani oil transported via BTC over 7 months

More than 20 million tons of Azerbaijani oil was exported via the Baku-Tbilisi-Ceyhan oil pipeline in January-July 2009, Azerbaijan State Oil Company said.
12 August 2009 [17:39]

No need to expect further decline in U.S. economy: George Soros

The U.S. economy has hit bottom and the current quarter will see positive growth due to the government's stimulus spending, billionaire financier George Soros said on Tuesday.
12 August 2009 [16:50]

Azerbaijan's largest chemical producer not affected by crisis

Azerbaijan’s Azerkimiya state-owned chemicals maker was not affected by the world financial crisis, the company in a statement.
12 August 2009 [15:16]

Azerbaijan expects record grain harvest this year

Azerbaijan will see record grain this year, Azerbaijani minister of agriculture Ismat Abbasov said.
12 August 2009 [14:17]

Azerbaijani communication minister meets Latvian counterpart

Azerbaijani communication minister Ali Abbasov met with Latvian counterpart Kaspars Gerhards in the Azerbaijani Communication and Information Technology Ministry today.
12 August 2009 [12:52]

Internet tariffs to reduce in Azerbaijan

Currently, rate of internet tariffs in Azerbaijan is the same with that of the Eastern Europe, Azerbaijani communication minister Ali Abbasov told reporters.
12 August 2009 [12:12]

Unstable weather not to affect Azerbaijan's crop capacity: minister

Unstable weather in Azerbaijan will not affect country's crop capacity, Azerbaijani agriculture minister Ismat Abbasov said.
12 August 2009 [12:05]

Azerbaijan's communication ministry discloses cost of launch of country 's first communication satellite

Cost of Azerbaijan's first communication satellite Azerspace totals 163 million manat, Azerbaijan's communications minister Ali Abbasov said.
12 August 2009 [11:39]

Extra Baku-Moscow flight opens

Ural Airlines launched the third Baku-Moscow-Baku flight in mid-August.
12 August 2009 [09:58]

Bryza’s possible appointment to Baku reflects not only Azerbaijan’s strategic significance: Armenian expert

Although the U.S. President Barack Obama has not yet formally nominated Assistant Secretary of State Matthew Bryza as the new U.S. ambassador to Azerbaijan, it is assumed that the nomination will proceed shortly, American political expert Richard Giragosian said.
12 August 2009 [09:23]

Georgian minister: Delay in Baku-Tbilisi-Kars project is of technical nature

The delay in construction of Baku-Tbilisi-Kars railway is of purely technical nature, Georgian Minister of Economic Development Lasha Zhvania said.
11 August 2009 [16:49]

Latvian president visits Sangachal oil terminal in Azerbaijan

Visiting President of Latvia Valdis Zatlers has today visited the Sangachal oil terminal.
11 August 2009 [13:14]

Azerbaijan-Latvia business forum underway in Baku

The Azerbaijan-Latvia business forum has commenced in Baku.
11 August 2009 [12:22]

Turkey expects Russia to reduce cost of gas

Turkey seeks extra concession from Russia in terms of gas prices, newspaper “Kommersant” reported.
10 August 2009 [13:57]

Latvian president's visit to Azerbaijan to deepen tourism relations

The Latvian President Valdis Zatlers' visit to Azerbaijan that began today will deepen tourism relations between Azerbaijan and Latvia, member of Latvian Trade and Industry Chamber's board Jurgis Abele said in Baku at a round table on tourism held as a part of the Azerbaijan-Latvia business forum.
10 August 2009 [12:55]

Azerbaijan's Nakhchivan Autonomous Republic draws in Latvian investments

More than $1 billion was invested in the Nakhchivan Autonomous Republic of Azerbaijan (NAR over the last five years, NAR Economic Development Minister Famil Seyidov said at the Azerbaijan-Latvia forum on investment opportunities of the NAR in Baku.
10 August 2009 [09:51]

Nakhchivan to increase electricity supply to Turkey

Azerbaijan’s Nakhchivan Autonomous Republic will increase volume of electricity supply to Turkey, Nakhchivan AR Supreme Assembly Chairman Vasif Talibov said at a meeting with Turkish Energy Minister Taner Yildiz.
10 August 2009 [09:18]

Licenses of 12 construction firms canceled in Azerbaijan

Azerbaijan’s Town Building and Architecture Committee at the Economic Development Ministry has conducted a monitoring into companies’ complying with terms and requirements of a license, the committee said.
10 August 2009 [08:49]

Azerbaijan's tourism ministry intrduces lits of not recommended hotels

Azerbaijani Culture and Tourism Ministry has released list of not recommended hotels for local and foreign tourists as well as tourism agencies.
08 August 2009 [11:09]

Turkey seeks to ensure itself against possible non-realization of Nabucco pipeline: expert

The agreement reached between Turkey and Russia on South Stream pipeline project shows that Turkey is trying to ensure itself against non-realization Nabucco gas pipeline project, Professor of International Relations of Turkish Ishik University Bulent Aras said.
08 August 2009 [10:16]

Turkey’s energy minister to trip to Nakhchivan

Turkey’s energy and natural resources minister Taner Yildiz will pay an official visit to the Nakhchivan Autonomous Republic on August 8.
08 August 2009 [09:26]

Ganja-Kiev flight to be launched

Kiev-Ganja-Kiev flight will be launched to boost tourist flow from Ukraine to Azerbaijan.
08 August 2009 [08:47]

Erdogan: Turkey considers Nabucco to be parallel to South Stream

Turkey considers Nabucco and South Stream to be parallel rather than alternatives to each other, Turkish Prime Minister Recep Tayyip Erdogan said.
07 August 2009 [17:44]

Azerbaijan may join Blue Stream: MP

“Azerbaijan may join Blue Stream gas pipeline in future,” parliament’s economic policy committee chair Vahid Ahmadov said.
07 August 2009 [17:25]

Oil of third countries not required to ensure profitability of Baku-Ceyhan pipeline: economic expert

“Russia’s readiness to support Samsun-Ceyhan oil pipeline project will not impact Baku-Ceyhan pipeline,” economic expert Vagif Sharifov said commenting on Russia’s readiness to support Samsun-Ceyhan oil pipeline project.
07 August 2009 [17:11]

Tbilisi says it faces some problems in construction of BTK Georgian section

There are some problems related to construction of Georgian section of the Baku-Tbilisi-Kars, Georgian ambassador to Azerbaijan Nikolaz Natbiladze said.
07 August 2009 [15:03]

Conference on Internet and media projects to be held in Azerbaijan

Barcamp Azerbaijan 2009 Informal Conference will take place in Ganja on August 14-16, Azerbaijani Ministry of Communications and Information Technologies said.