Business
21 January 2008 [09:52]
The World Economic Forum will highlight the Power of Collaborative Innovation as a principal subject for the Annual Meeting on January 23-27 in Davos, Switzerland.
19 January 2008 [10:37]
The first session of the Azerbaijan-Turkmen intergovernmental commission finished in Ashkhabad.
18 January 2008 [15:41]
The proposed new development would aim to extend plateau production of 1 million to 1.2 million barrels per day at the fields beyond 2012.
18 January 2008 [10:33]
Project of creation of Azertelekom JSC has been worked out on basis of stations of the land satellite communication of Aztelekom JV, Baku telephone communication and Teleradio, used for international communication.
18 January 2008 [10:26]
17 January 2008 [18:25]
Baku and Prague, which are the candidate-cities for hosting the Olympic Games in 2016, have not yet presented their Bid Books online.
17 January 2008 [17:37]
Georgian Ministry of Fuel and Energy and National Oil and Gas Corporation are in “intense negotiations” with Azerbaijan on importation of natural gas by new terms after the agreement expired.
17 January 2008 [17:31]
The Ministry of Taxes of Azerbaijan will carry out additional researches regarding the expediency of altering the system of taxing catering services.
17 January 2008 [17:16]
Pension problems of Azerbaijani migrants in Israel were to be discussed in Baku this week. Yet, they were put off by some technical reasons".
17 January 2008 [17:03]
It is not planned to raise tariffs of gas for the population in 2008.
17 January 2008 [16:39]
Azerbaijan currently accounts for 4,300,000 cell phone users.
17 January 2008 [16:30]
Azerbaijan has halted gas exports to Georgia since January 6, AzeriGaz president Alikhan Malikov.
17 January 2008 [16:22]
Two business forums will bring together business people from Azerbaijan and Jordan this year, as reported by sources from the Embassy of Azerbaijan to Jordan.
17 January 2008 [15:10]
17 January 2008 [15:04]
17 January 2008 [14:22]
Azerbaijan may export natural gas to Iran in the near future, Azerigaz president Alikhan Malikov said.
17 January 2008 [13:12]
The large state enterprises of Azerbaijan (except for the State Oil Company) paid taxes in the amount of AZN 230 million to the state budget of the country in 2007.
17 January 2008 [10:28]
Revaluation of the state-owned stake in Azercell Telecom JV has been complete and a decision was made to move to the stage of privatization, Karam Hasanov, Chairman of the Azerbaijan State Committee for Public Property Management, said.
17 January 2008 [10:18]
Revaluation of the state-owned stake in the Caspian American Telecommunications LLC (CATEL) has been complete and a decision was made to privatize it, Karam Hasanov, chief of Azerbaijan’s State Committee for Public Property Management, said.
16 January 2008 [18:48]
The State Oil Fund of Azerbaijan has received the first dividend on the Baku-Tbilisi-Ceyhan project today.
16 January 2008 [17:27]
Azerbaijan is likely to launch its communications satellite in late 2009 or early 2010, Ali Abbasov, Azerbaijan’s Minister of Communications and Information Technologies, said.
16 January 2008 [16:23]
Azerbaijan is likely to reduce Internet prices while leaving phone call and subscription prices unchanged in 2008.
16 January 2008 [14:36]
16 January 2008 [13:11]
16 January 2008 [11:42]
The Nijegorod shipyard Krasnoye Sormovo has concluded a new contract with the State Caspian Shipping Company of Azerbaijan on the construction of project 19619 tanker.
16 January 2008 [11:15]
Chinese ZTE Corporation is interested in participation in the IT projects in Azerbaijan.
16 January 2008 [10:38]
The Heritage Foundation has released the 2007 Index of Economic Freedom, which included 157 countries.
15 January 2008 [18:48]
The Asian Development Bank (ADB) and the Government of Azerbaijan today signed two loans totaling US$200 million to finance the 1st Project under the Road Network Development Program - Masalli-Astara Section of the North-South Highway.
15 January 2008 [18:35]
Azerbaijan is likely to trim down Value Added Tax rate next year, Minister of Taxes Fazil Mammadov said.
15 January 2008 [18:17]
The development of tax declarations previously took nearly 900 hours of work times per year, while at present the application of e-tax declarations reduced this time down to 150-160 hours.
14 January 2008 [19:05]
A delegation of the Ministry of Communication and Informational Technologies of Azerbaijan will take part at a regular session of the Council of Postal Operation under the World Postal Union.
14 January 2008 [18:13]
The chief executive of the State Oil Fund of Azerbaijan Shahmar Movsumov received a delegation led by US Senator Richard Lugar on January 14.
14 January 2008 [15:15]
A meeting of the TRASECA member-states is held in Brussels with participation of Deputy Foreign Minister of Azerbaijan Khalaf Khalafov.
14 January 2008 [14:56]
An underground gas reservoir and electric stations, operating on gas and fuel oil are planned to be created in the Nakhchivan Autonomous Republic to avoid energy crisis, according to the official website of the President of Azerbaijan.
14 January 2008 [13:05]
As of late 2007, Azerbaijan’s foreign debt to gross domestic product (GDP) ratio was 8.3% and per capita external debt stood at $262, according to the Ministry of Finance.
14 January 2008 [11:50]
The International Telecommunication Union (ITU) will consider, in the first half of 2008, giving a license to Azerbaijan for launching its own satellite, the country`s ministry of communication and information announced.
14 January 2008 [10:32]
President of Azerbaijan Ilham Aliyev noted at a session of the government that the government pays special attention to the rise in prices and inflation.
14 January 2008 [10:19]
"We do not expect a sharp rise in real estate prices in Baku in the first half of 2008", Nusrat Ibragimov, chief executive of the association "Participants of real estate market" reported.
12 January 2008 [15:43]
A delegation of entrepreneurs led by Emil Medjidov, president of the Azerbaijan Export and Investments Encouragement Fund (AZPROMO), will leave for Slovenia on January 24.
12 January 2008 [14:48]
As of late December, 2007, poverty rate fell by 2.5 times since 2003 against the backdrop of a 4.5% rise in population.
12 January 2008 [12:21]
President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev met with the vice president of the China National Petroleum Corporation (CNPC) Sun Sanshen.
12 January 2008 [12:11]
Minister of Communication and Informational Technologies of Azerbaijan Ali Abbasov met with the representative of the US Microsoft Veronika Prikrilova, according to the press service for Azerbaijan's Ministry.
11 January 2008 [17:33]
Post offices in Azerbaijan will launch provision of banking services from mid 2008 in accordance with the Financial Services Development Project between the World Bank and the Government of Azerbaijan.
11 January 2008 [15:29]
The Azerbaijan-Belarus business forum has started in the Hyatt Regency hotel in Baku.
11 January 2008 [14:41]
Azerbaijan’s national currency strengthened 0.2% against the US dollar on Baku Interbank Currency Exchange (BICEX) in December.
11 January 2008 [14:26]
The United Nations (UN) World Food Programme (WFP) asked donors to allocate funds for assistance to IDPs in Azerbaijan, according to the official website of UN.
11 January 2008 [14:05]
The banking account of the Fund of Assistance to Azerbaijani Armed Forces accounted for 3,469,000 AZN as of January 11, 2008.
11 January 2008 [13:33]
Azerbaijani Railroads remain closed for Armenia, spokesman for the Azerbaijan Railroad Department Nadir Azmamedov said.
11 January 2008 [12:16]
“We invest in Azerbaijan, because we believe in its successful economic future” said Lars Nyberg, President of TeliaSonera, at a meeting with Minister of Communication and Information Technologies of Azerbaijan Ali Abbasov in Baku, the Ministry said.
11 January 2008 [10:48]
A delegation led by the Prime Minister of Lithuania Gediminos Kirkepas will visit Azerbaijan on January 28-29.
11 January 2008 [10:32]
The second session of the Commission on US-Azerbaijan Economic Partnership will be held in Washington in February of 2008.
10 January 2008 [18:46]
World Bank’s team designing the Alat-Astara Second Highway Project headed by Olivier Le Ber are now in Baku to inspect upgrading of some sections of the Alat-Astara-Iranian border highway and discuss with government officials the prospects of construction of the third highway.
10 January 2008 [17:56]
10 January 2008 [14:16]
In 2007 the state budget of Azerbaijan received over 4.54 billion AZN (over $5.37 billion by current exchange rate) of taxes, which is 67.2% higher, as compared to 2006, according to the Taxes Ministry of Azerbaijan.
10 January 2008 [13:03]
The Confederation of Entrepreneurs of Azerbaijan in cooperation with the Association of Entrepreneurs of Sintzan Uygur Autonomous Region of China will arrange a visit of Azerbaijani businessmen to Urumchi.
10 January 2008 [10:57]
The official visit of the Minister of Economic Development of Azerbaijan Heydar Babayev to Estonia starts from January 21.
09 January 2008 [14:02]
According to the State Oil Company of Azerbaijan, it is planned to produce 8 billion cubic meters of natural gas from the Shahdeniz field this year.
09 January 2008 [10:10]
Aztelecom PU of Azerbaijan’s Ministry of Communications and Information Technologies has completed transition to electronic telephone exchange system by 70%.
08 January 2008 [18:41]
The external trade turnover of Azerbaijan made up $10,461,300 in January-November of 2007, as reported by the State Statistical Committee of Azerbaijan.
08 January 2008 [17:55]
08 January 2008 [16:22]
The power system of Azerbaijan generated more than 21.4 billion KWH of electric power in 2007, which is by 2.4 billion KWH lower as compared to 2006.
08 January 2008 [15:53]
Several international flights canceled yesterday due to bad weather conditions in Baku were gradually resumed on January 8.
08 January 2008 [14:49]
1.6 million passengers were transported by Azerbaijan’s air transportation system and the passenger turnover made 1.02 billion passengers/kilometer in 2007.
08 January 2008 [13:22]
Azerbaijan carried out import and export transactions in the amount of $10.5 billion with 135 countries within 11 months of 2007, according to the State Statistical Committee.
08 January 2008 [13:13]
The Department for combat with cybercrimes has been established under the Ministry of Internal Affairs of Azerbaijan, as reported by major-general Vilayat Eyvazov, first deputy Minister of Internal Affairs of Azerbaijan.
08 January 2008 [12:54]
Azerbaijan channeled AZN 13 million ($15.3 million) in investment into upgrading of the railway system in 2007, according to the State Railway Company (ADDY).
08 January 2008 [12:26]
The passenger air flight Baku-Moscow, scheduled for 10:40 a.m. has been put off due to bad weather conditions.
08 January 2008 [11:40]
Rise in prices will be the highest in Azerbaijan among all CIS countries in 2008.
08 January 2008 [11:36]
Baku oil refineries intend to deepen oil refining by 9% bringing it to 75.2% in 2008.
08 January 2008 [10:31]
The monetary reserves of the National Bank of Azerbaijan reached $4,015,600,000 last year.
08 January 2008 [10:16]
The Cabinet of Ministers of Azerbaijan has introduced alterations to the rules of control of the State Committee for Town-building and Architecture of Azerbaijan.
08 January 2008 [10:08]
The Cabinet of Ministers has approved a new text of VAT-free imports.
07 January 2008 [17:28]
The general manager of the International Atomic Energy Agency on Azerbaijan will pay a visit to Baku.
07 January 2008 [15:03]
A joint session of the Council of Ministers of Foreign Affairs under the Black Sea Economic Cooperation and European Union will be held in Kiev on February 14.
07 January 2008 [14:54]
In 2007 the oil refineries of Azerbaijan underfulfilled the production plan by 5.84%, producing only 7,504,170 tons of oil products in place of the planned 7,970,000 tons.
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