Business

23 July 2009 [17:30]

Two Azerbaijani mobile operators launch negotiations to settle differences

Azercell and Azerfon have launched talks to settle differences regarding cut-off of interconnection channels, Azercell said.
23 July 2009 [10:19]

Customs agencies contribute more to public budget revenues: customs committee chairman

Customs agencies contribute more to public budget revenues.
23 July 2009 [09:36]

Azerbaijan to meet grain demand from domestic production in 2009: agriculture minister

Azerbaijan’s grain output including maize is expected to reach 3 million tons in 2009, 2.2 million tons of which will be wheat.
23 July 2009 [09:22]

Azerbaijan secured economic stability: finance minister

Azerbaijan has secured stability of economy.
22 July 2009 [16:44]

Impact of world financial crisis on Azerbaijani economy minimzed: Azerbaijani president

On July 22, the Cabinet of Ministers held a large meeting on the socio-economic results of the first half of 2009.
22 July 2009 [12:52]

Crude prices fall below $65.21 per barrel

Oil prices fell for the first time since the last six trade sessions following official data testifying to increased oil reserves in the U.S. earlier last week.
22 July 2009 [11:38]

Baku to host EITI meeting

Extractive Industries Transparency Initiative (EITI) Council will hold its next meeting in Baku, Norwegian ambassador to Azerbaijan Jone Romberg said.
22 July 2009 [11:21]

Special envoy: U.S. wants to help Caspian, Central Asian countries to find new routes to energy markets

U.S. State Department Special Envoy for Eurasian Energy Richard Morningstar addressed the Senate Committee on Foreign Relations.
21 July 2009 [17:55]

United Kingdom supports reforms in Azerbaijan: London mayor

The United Kingdom supports reforms implemented in Azerbaijan, business transparency, corporative governance and transition to international accounting system, London City Mayor Alderman Ian Luder said in Baku.
21 July 2009 [17:31]

Azerbaijani launches new well in Oil Rocks

Azerbaijan’s Azneft production union has launched a new well in Oil Rocks field, the SOCAR Web site said.
21 July 2009 [16:41]

Azerbaijan launches export of own gold

RV Investment Group (deals with development of gold fields) and the Azerbaijani government signed a protocol on Azerbaijani gold export on July 21, founder and president of the company Reza Vaziri said on July 21.
21 July 2009 [16:16]

Date set for first Baku-Lvov flight

First Baku-Lvov flight will be carried out on August 3, 2009, Simurq Travel, engaged in the sale of tickets, said.
21 July 2009 [14:37]

Ganja-Odessa-Ganja flight to be launched to boost tourism in Azerbaijan

Ganja-Odessa-Ganja flight will be launched to boost tourism in Azerbaijan and provide convenience of passengers.
21 July 2009 [14:01]

Armenia’s imports surpass exports more than 4 times

Armenia’s exports reduced 45.9 percent in January-June 2009 and totaled 98.9 billion drams.
21 July 2009 [12:33]

Armenia's economy declined 16.3 percent in January-June 2009

Armenia’s GDP shrank 16.3 percent in January-June 2009
20 July 2009 [15:32]

Oil export via BTC to reach 50 million tons in 2009: SOCAR president

Oil export via the Baku-Tbilisi-Ceyhan oil pipeline will reach 50 million tons in 2009, SOCAR President Rovnag Abdullayev said at a meeting with Swedish Foreign Minister Karl Bildt in Baku, the SOCAR Web site reported.
20 July 2009 [13:38]

Azerbaijan may offer sattelite services soon: communication minister

Azerbaijan may offer sattelite services soon, Azerbaijani Communication and Information Technology Minister Ali Abbasov said.
20 July 2009 [12:32]

Iran says its participation in Nabucco gas pipeline project is quite possible

Head of Iran’s national gas company Azizullah Ramezani says Iran’s involvement with filling up Nabucco is “quite possible”, Fars news agency reported.
20 July 2009 [11:37]

69 percent housing privatized in Azerbaijan

Housing of 23.1 million square meters has been privatized in Azerbaijan which makes up 68.9 percent of total housing, the State Statistics Committee said.
20 July 2009 [10:56]

SOCAR, Botas to continue talks on Azerbaijani gas prices in August

The next stage of negotiations between Azerbaijani SOCAR and Turkish Botas on volume and price of Azerbaijani gas exported to Turkey as a part of the Shah Deniz-I will be held in early August, the SOCAR Web site said.
20 July 2009 [09:28]

Railway accounts for 45 percent of transport in Azerbaijan

In January-May 2009, nearly 17.4 million tons of cargo and 82.4 million passengers were conveyed via Europe-Caucasus-Asia transport corridor (TRACECA), the State Statistics Committee said.
18 July 2009 [08:57]

Oil prices hit $63 per barrel

Oil prices demonstrated a rise following a report on unexpected rise in number of newly-built buildings in the U.S., Bloomberg reported.
17 July 2009 [12:22]

Azerbaijan’s foreign trade turnover hits $6. 853 billion

Azerbaijan reached $6.853 billion foreign trade turnover with 120 countries in January-May, 2009, the State Statistics Committee said.
17 July 2009 [10:27]

Azerbaijan’s communication services grew 12 percent in Q1 2009

In January-July 2009, Azerbaijan’s communication sector rendered services worth 468.3 million manat, a rise of 12.3 percent from the same period of 2008, the State Statistics Committee said.
16 July 2009 [17:16]

ICT revenues grow 30-35 percent per year: Azerbaijani communication minister

Revenues from information and communication technologies grow 30-35 percent in Azerbaijan per year in recent years, Azerbaijani Communication and Information Technology Minister Ali Abbasov said.
16 July 2009 [14:01]

Average salary ups almost 20 percent in Azerbaijan

The average salary totaled 298 manats in Azerbaijan in the first quarter of 2009. a rise of 19 percent from the same period of 2008, the State Statistics Committee said.
16 July 2009 [13:31]

75 mobile phones account for every 100 people in Azerbaijan

“The market of mobile phones is striving in Azerbaijan and it is one of the most attractive areas for investments,” Azerbaijani Communication and Information Technology Minister Ali Abbasov said.
16 July 2009 [13:16]

Lvov-Baku-Lvov flight to be launched soon

Ukrainian Lvov Airlines will open Lvov-Baku-Lvov flight from August 3, Lvov Airlines Deputy Director General Sergei Pidgorodetskiy said at a news conference.
16 July 2009 [12:51]

Ukraine welcomes gas deal between SOCAR, Gazprom

Ukraine welcomes the gas deal on export of Azerbaijani gas from January 2010 signed between Azerbaijan State Oil Company and Gazprom, Ukrainian ambassador to Azerbaijan Boris Klimchuk said.
16 July 2009 [12:09]

Azerbaijan, Turkey to hold next talks on gas prices

The next round of talks on gas price will be held on July 17, CNN Turk reported.
16 July 2009 [11:52]

Azerbaijan’s Social Protection Fund releases poll into pension system reforms

Azerbaijani citizens say payment of pensions via plastic cards is the major achievement of the pension system reforms, Social Protection Fund said in a statement.
16 July 2009 [11:14]

Baku hosts Azerbaijan-Turkmenistan talks over Caspian issues

Azerbaijan-Turkmenistan talks over the Caspian issues are underway in Baku.
15 July 2009 [17:27]

Azerbaijan provides financial assistance to Tajikistan to eliminate consequences of natural disasters

The Azerbaijani government provided 1$00,000 in financial assistance to Tajikistan to support the victims of natural disasters this spring, the Cabinet of Ministers of Azerbaijan said.
15 July 2009 [13:46]

Azerbaijan-Korea Commission on Economic Cooperation holds third meeting

Azerbaijan-Korea Commission (Working Group) on Economic Cooperation held its third meeting in Seoul.
15 July 2009 [12:28]

Trilateral agreement reached on Azerbaijani gas transport to Bulgaria within ITGI

A trilateral agreement on supply of Azerbaijani gas to Bulgaria as a part of the ITGI project was signed in Sofia on July 14, Italian ambassador to Azerbaijan Gian Luigi Masha told reporters.
15 July 2009 [11:52]

Azerbaijan-Russia gas agreement played decisive role: Atlantic Council expert

"Baku was instrumental, in my mind at least, in getting an agreement finalized at very last moment for this agreement with Turkey by reaching a deal with Russia," Alexandros Petersen, associate director of the Eurasia Energy Center at the Atlantic Council in Washington, said.
15 July 2009 [11:38]

Total denies media reports on closure of Baku office

The French Total denied media reports on closure of the company's Baku office in July.
15 July 2009 [11:04]

Azerbaijan to draft code to regulate construction sector

Azerbaijan will develop a code to regulate construction activities and align them with certain norms and laws, parliament’s Economic Policy Committee Chaiman Ziyad Samadzade said.
15 July 2009 [10:44]

U.S. looks forward to agreement between Azerbaijan & Turkey on Nabucco: U.S. Senator

Azerbaijan's and Turkey's signing an agreement on a gas export price can become the next step in implementing the Nabucco gas pipeline project, the Deputy Chairman of the U.S. Senate Committee on Foreign Affairs, Senator-Republican Richard Lugar said.
15 July 2009 [10:23]

Armenia ranks last in rating of resistibility against world crisis in CIS

In rating of resistibility against world crisis in economic, political and socio-cultural spheres, Armenia ranks in the last place among CIS member states, the first report by the union of Eurasian expert network said.
15 July 2009 [09:33]

Ukraine welcomes Nabucco launch, ready to join

Ukraine welcomed the launch of the Nabucco gas pipeline project intended to pump gas to Europe bypassing Russia and said it was ready to join, a deputy head of the Ukrainian president's secretariat said on Tuesday.
14 July 2009 [15:32]

Chances for realization of South Stream preferable than that of Nabucco: U.S. expert

Gas reserves in the Caspian region make it possible to realize only one major project - Nabucco, or Southern Stream. The chances of latter are more preferable, The Heritage Foundation Russia-Eurasia program director Ariel Cohen said.
14 July 2009 [13:33]

Iraq promised to fill up Nabucco by half from 2005: Financial Times

Iraqi Prime Minister Nouri al-Maliki promised that his country will fill up Nabucco by half from 2015 by supplying 15 billion cubic meters of gas per year, The Financial Times said.
13 July 2009 [14:32]

Azerbaijan issues total of 50 mortgage loans in first decade of July

Total of 50 Azerbaijani citizens were issued mortgage loans worth 2.56 million manat in the first decade of July.
13 July 2009 [13:55]

Azerbaijan fully supports Nabucco gas pipeline project: minister

"Azerbaijan fully supports the Nabucco gas pipeline project and everything related to it."
13 July 2009 [13:49]

Nabucco deal signed in Ankara (UPDATE)

The Nabucco participant countries signed inter-governmental agreement in Ankara on July 13.
13 July 2009 [13:39]

Turkish prime minister invites Russia, Iran to join Nabucco

"Iranian gas can be transported to Europe via Nabucco pipeline, if there would be acceptable conditions for this."
13 July 2009 [12:10]

Direct Yekaterinburg-Ganja flight to be launched

Ural Airlines will open flight from Yekaterinburg to Ganja (Azerbaijan) starting from August 8.
13 July 2009 [11:58]

Azerbaijani MP: I am doubtful about soonest realization of Nabucco project

“The direction of the Nabucco gas pipeline is the major problem for the pipeline."
13 July 2009 [11:26]

Turkey still likely to get a share of Nabucco gas: energy minister

Turkish Energy and Natural Resources Minister Taner Yildiz denied Sunday reports that Turkey gave up its right to receive 15 percent of the natural gas supplied via the Nabucco pipeline, saying the country is likely to get a larger share instead, Xinhua reported.
13 July 2009 [11:08]

Russia's aggravating relations with Ukraine, Turkmenistan to give push to construction of Nabucco: ESAI

Russia's aggravating relations with Ukraine and Turkmenistan will give push to construction of Nabucco gas pipeline, Energy Security Analysis analyst Andrew Reed said.
13 July 2009 [09:39]

Russia free to supply gas to Nabucco : U.S. envoy

Russia is free to supply gas to the Nabucco pipeline.
13 July 2009 [09:26]

Iraq lacks surplus gas for Nabucco gas pipeline project

Iraq does not possess surplus gas to pump via the Nabucco gas pipeline, Spokesperson for the Iraqi government Ali al-Dabbagh said.
11 July 2009 [10:45]

SOCAR ups oil exports via Baku-Novorossiysk in Q1

SOCAR Marketing and Economic Operations Department exported nearly 1.229 million tons of oil via Baku-Novorossiysk in January-June 2009.
11 July 2009 [09:33]

European Commission hails agreement on Nabucco gas pipeline project

European Commission President Jose Manuel Barroso on Friday hailed an agreement to be signed by Turkey and four European Union member states on a gas pipeline project as crucial for EU's energy security, Xinhua reported.
11 July 2009 [09:22]

Georgian president to attend Nabucco accord signing ceremony

Georgian President Mikhail Saakashvili will attend Nabucco accord signing ceremony on July 13 as a part of his two-day visit to Ankara, Business Georgia reported.
11 July 2009 [09:07]

Nabucco project can count on Turkmen gas

President Gurbangulu Berdimuhammedov for the first time announced possibility of gas supply for the Nabucco pipeline project by Turkmenistan.
10 July 2009 [17:14]

Turkey, Azerbaijan discuss prices for natural gas, field development

Turkey and Azerbaijan discussed prices for natural gas and development of fields.
10 July 2009 [14:58]

Average price on one square meters of area in Baku newly-built buildings released

Estate Market Participants public union has released results of the monitoring into the first housing market conducted in June 2009.
10 July 2009 [14:39]

Azerbaijani parliament may adopt Customs Code in autumn

Azerbaijani parliament may adopt Customs Code in the autumn session, State Customs Committee First Deputy Chairman Asgar Abdullayev said.
10 July 2009 [13:30]

Deputy FM: Azerbaijan should enter WTO as developing country

Azerbaijan plans to enter the World Trade Organization with status of developing country, Azerbaijani Deputy Foreign Minister Mahmud Mammadguliyev said in Geneva at a final meeting of the working group on Azerbaijan’s WTO admission.
10 July 2009 [10:59]

Azerbaijan ready for long-term partnership with Turkmenistan: SOCAR

Azerbaijan is prepared to establish long-term business contacts with Turkmen partners, SOCAR President Rovnag Abdullayev said at a meeting with Turkmen President Gurbangulu Berdimuhammedov.
10 July 2009 [10:48]

Azerbaijan to be major supplier for Nabucco gas pipeline

Azerbaijan, Iraq and Egypt will become the main suppliers to the EU-backed Nabucco gas pipeline, delivering 15 billion cubic meters of gas per year from 2015, Wolfgang Ruttenstorfer, Chief Executive of the Austria’s OMV, member of Nabucco Gas Pipeline International GmbH consortiumm, said.
10 July 2009 [10:34]

Syria to buy 1 billion cubic meters of Azerbaijani gas per year

Syrian President Bashar al-Assad said at the Azerbaijan-Syria business forum in Baku that Syria will buy Azerbaijani gas.
10 July 2009 [09:43]

Rise in world oil prices

World oil prices increased slightly on July 9 on the backdrop of weak demand in large economies.
10 July 2009 [08:44]

Azerbaijan’s industry and energy minister meets UAE foreign minister

Azerbaijani Industry and Energy Minister Natig Aliyev has met with the UAE Foreign Minister Abdullah bin Zayed al Nahyan.
09 July 2009 [16:42]

No need to up bread prices in Azerbaijan: consumer market control agency

“State Agency for Control over Consumer Market at the Azerbaijani Economic Development Ministry monitors prices on consumer market twice a week.,” head of the agency Zahid Isayev said.
09 July 2009 [14:06]

Azerbaijani Association of Travel Agencies designs proposals to cancel VAT for travel companies

Azerbaijani Association of Tourism Agencies is preparing package of proposals to cancel VAT for tourism companies.
09 July 2009 [11:23]

Azerbaijan refines over 2.9 million tons of oil in Q1

Azerbaijan’s oil refineries produced 2.983 million tons of oil in January-June 2009, according to the SOCAR.
09 July 2009 [08:35]

French Total stops work in Azerbaijan

Total, French oil company, has stopped activity in Azerbaijan.
08 July 2009 [16:30]

Gas transit to Armenia via Georgia suspended

Gas supply to Armenia was suspended on July 8.
08 July 2009 [15:07]

SOCAR Trading aims to increase SOCAR competitiveness on world markets: SOCAR official

Trend Capital interview with SOCAR Marketing and Economic Operations Department (MEOD) Director General Tofig Gahramanov.
08 July 2009 [13:45]

Azerbaijan toughens control over imports of Chinese subquality children’s toys

Azerbaijani State Committee for Standardization, Metrology and Patents has appealed all governmental agencies to toughen control over imports of Chinese subquality children’s toys which are harmful for health.
08 July 2009 [12:06]

Nearly 60 hotels shut down in Azerbaijan

Nearly 60 hotels operating without license have been shut down in Azerbaijan.