Business
24 January 2008 [12:34]
The International Bank of Azerbaijan (IBI) has recently signed a credit agreement with the Nordic Investment Bank (NIB)in the amount of EUR 10,000,000.
24 January 2008 [12:23]
An Azerbaijani-Estonian business-forum, arranged by Azerbaijan's Ministry of Economic Development and Azerbaijan Export and Investments Encouragement Fund (AZPROMO) was held in Tallinn (Estonia).
24 January 2008 [11:40]
An international exhibition of agricultural equipment and reserves AGROTICA-2008 will be held in Saloniki (Greece), February 6-10.
24 January 2008 [11:06]
The State Statistical Committee is not dealing with forecasts regarding inflation processes, but it can be supposed that inflation rate will near 10-13% in Azerbaijan in 2008.
23 January 2008 [18:37]
Arif Asgarov, Chief of Azerbaijan State Railroad (ADDY), has met with a joint delegation of the European Investment Bank and the European Bank for Reconstruction and Development.
23 January 2008 [18:25]
The State Veterinary Service under Azerbaijan's Ministry of Agriculture has banned poultry imports from Turkey and Ukraine, where avian flu was revealed, since January 23.
23 January 2008 [17:39]
167,300,000 tons of cargo and 1,100,000,000 passengers were transported in Azerbaijan in 2007.
23 January 2008 [15:36]
British Midland Airways will reduce tariffs on Baku-London air flights by 28.51% from January 24.
23 January 2008 [15:07]
The National Oil and Gas Corporation of Vietnam is interested in the development of one of the oil fields of Azerbaijan.
23 January 2008 [13:22]
Two representatives of the International Atomic Energy Agency arrived in Baku at night.
23 January 2008 [11:08]
Azerbaijan may add to the Guinness World Records.
23 January 2008 [10:34]
Rise in tariffs of energy, gas and fuel for the population has led to 10% saving of energy sources.
23 January 2008 [10:12]
President of Azerbaijan Ilham Aliyev will leave for Davos (Switzerland) to participate in the annual World Economic Forum.
23 January 2008 [10:05]
Azerbaijan’s Ministry of Communications and Information Technologies will launch the E-Government Project this year.
22 January 2008 [18:42]
Russian Inter RAO EES plans to raise prices of electric power, supplied to Azerbaijan.
22 January 2008 [18:06]
The National Depository of Azerbaijan, operating under the State Committee for Equities of Azerbaijan, intends to open up to 6 regional branches in 2008.
22 January 2008 [16:08]
22 January 2008 [15:00]
The National Council for Television and Radio Broadcasting has summed up its five year activity.
22 January 2008 [13:51]
Azerbaijani Hunters Union offered to restore permission on bird hunting in the country, according to the chairman of the organization Ramazan Ismayilov.
22 January 2008 [13:47]
The crisis hitting the equity markets of the United States, Russia, Europe and Japan is not likely to affect Azerbaijan's economy.
22 January 2008 [12:10]
Reconstructions in the public utility sector will be carried out in 22 regions of Azerbaijan in the framework of the Project on national water supply and sewerage services, financed by the government of Azerbaijan and the World Bank.
22 January 2008 [11:23]
A government delegation of Azerbaijan led by Economic Development Minister Heydar Babayev, staying in Estonia since January 21, is going to visit Latvia on January 24.
22 January 2008 [11:09]
A government delegation of Azerbaijan will participate in an international forum "Public Infroctrukture-2008" in Hanover (Germany).
21 January 2008 [13:40]
The US Citibank intends to acquire a stake in one of local banks, besides its plans to convert its representative office in Baku into a branch, according to the National Bank of Azerbaijan.
21 January 2008 [11:31]
The Baku Underground has announced a public tender for overland groundwork at the Nasimi Station being under construction at Mammadova Street.
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.
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