Business
01 June 2007 [07:50]
Rovnag Abdullayev, President of the State Oil Company of Azerbaijan, has met with Rudi Lamprecht, Member of the Managing Board at Siemens AG, visiting Azerbaijan.
01 June 2007 [07:49]
More than 3,000 government, worker and employer leaders are to meet from 30 May to 15 June for the annual Conference of the International Labour Organization (ILO) in Geneva to discuss issues ranging from decent work and development to child labour in agriculture, work in the fishing sector, equality at work, forced labour and the promotion of sustainable enterprises.
01 June 2007 [07:48]
Azerbaijan Industrial Bank plans to join five international money transfer systems by this year's end- Migom, PrivateMoney, Blizko, Bistraya Pochta and Express Money.
01 June 2007 [07:46]
As of April 1, Nikoil's assets stood at 75.889 million, up 93.3% from the same period last year.
01 June 2007 [07:45]
Applicants had interview for German Universities through Scholarship Program funded by the State Oil Company of Azerbaijan.
31 May 2007 [21:49]
World Food program could halt providing Azerbaijan IDPs with food in September, Logistics officer of WFP Azerbaijan Fuad Guseynov told.
31 May 2007 [18:35]
State Agency for Standardization, Metrology and Patents is working on standards for national products.
31 May 2007 [17:03]
UniBank will remove the slogan "Your Supporting Point" from all commercials after Azer-Asia Insurance Company announced it will sue UniBank for misappropriating its motto.
31 May 2007 [16:57]
President of Azerbaijan Ilham Aliyev received Mr. Rudi Lamprecht, member of the Corporate Executive Committee of the company Siemens AG.
31 May 2007 [16:45]
President of Azerbaijan Ilham Aliyev received Mr. Pramod Mittal, President of the company Global Steel.
31 May 2007 [15:36]
The delegation led by Alain Azouaou, Director General of Gaz de France has today been received at the Industry and Energy Ministry of Azerbaijan.
31 May 2007 [13:33]
Annual regional conference "Combating corruption and institutional reforms in transition countries" on European and Central Asian countries is held in Baku today.
31 May 2007 [12:30]
The International Monetary Fund]s May 2007 Regional Economic Outlook: Middle East and Central Asia (REO) sees continued strong growth in the Caucasus and Central Asia, but highlights the need for vigilance against inflationary pressures and excessive external borrowing.
31 May 2007 [08:56]
The European Union offered Azerbaijan to cut import duty on all types of goods to 15% within the scope of WTO accession.
31 May 2007 [08:54]
Azerbaijan's Industry and Energy Minister Natig Aliyev has today met with Brazilian ambassador Cesario Melantonio Neto.
31 May 2007 [08:53]
AZERFON LLC (Nar Mobile TM ) is always concerned about subscribers' maximum convenience and easy establishment of communication and continues to propose efficient prices in the market.
31 May 2007 [08:36]
The USAID will allocate $3.7 million to strengthen Azerbaijan's trade potential, said the deputy U.S. Ambassador Mr. Donald Lu.
31 May 2007 [08:31]
The State Committee for Securities has registered Azer-Turk Bank's issue prospectus for book-entry inscribed stocks.
31 May 2007 [08:28]
Nikoil Bank will open a branch in Nizami District, Baku June 8.
31 May 2007 [08:26]
Bank Standard is going to roll out a unique banking product GancKart deposit card, which is the first brand for youth.
31 May 2007 [08:24]
Azerbaijan's government commission for WTO accession will meet in new composition June 6.
31 May 2007 [08:17]
An ambitious infrastructure upgrade campaign has taken Azerbaijan by storm in recent months, but some economists point to the 2008 presidential vote as the prime reason for the state-funded building boom and question the projects' transparency.
31 May 2007 [08:13]
Azerbaijan's Gandjabank intends to join Travelex and Allur international money transfer systems in a few days.
31 May 2007 [08:13]
Communications services provided for the legal entities and individuals in Azerbaijan amounted to AZN $192.7 million during January-April, up 17.3% from the same period last year.
31 May 2007 [08:11]
The National Budget Group released a statement, saying Azerbaijan's state budget get more and more dependent on oil revenues.
31 May 2007 [08:07]
Trial on case of president of Barmek Azerbaijan Electricity Distribution LLC Huseyn Arabul and six more company officials, who are accused of abuse of power, embezzlement and negligence of court judgments, is being continued under judge Sadraddin Hajiyev at the Graves Crime Court.
30 May 2007 [22:39]
Azerbaijan has since yesterday restarted pumping natural gas to Georgia.
30 May 2007 [22:27]
16 insurance and 2 broker companies have today held a job fair for graduates of Azerbaijan State Architecture and Construction University (ASACU) and State Economics University.
30 May 2007 [22:20]
The Caspian Integration Business Club members have today met with Alikhan Malikov, chair of Azerigas-the State Gas Company of Azerbaijan.
30 May 2007 [21:52]
Deputy Economic Development Minister Mikayil Jabbarov has today led a business leadership delegation to Los Angeles to attend t the U.S.- Azerbaijan Business Forum May 31.
30 May 2007 [14:31]
Azerbaijan is working to soften duties for currency outflow abroad, said the Economic Development Ministry officer, Adalat Muradov.
30 May 2007 [14:20]
"The number of regional broadcasters will increase in Azerbaijan in the nearest future, said the National Television and Radio Council chairman Nushiravan Maharramli."
30 May 2007 [13:25]
Southern District Court of New York has dismissed the request filed by Frontera Resources Azerbaijan Corporation against State Oil Company of Azerbaijan (SOCAR), demanding collateral of its assets, said Irene Dallas, a representative of UK Dallas & Co Solicitors law firm representing Frontera in arbitration.
30 May 2007 [13:09]
Rudi Lamprecht, Member of the Managing Board at Siemens AG, has arrived in Azerbaijan. German embassy in Baku told that Mr. Lamprecht will have meeting with Azerbaijan's President Ilham Aliyev, Health Minister Ogtay Shiraliyev, SOCAR President Rovnag Abdullayev and Azerenergy leadership.
30 May 2007 [08:53]
Azerbaijan has nominated its representative to the Coordination Council of the Baku-Tbilisi-Kars Railway Project.
30 May 2007 [08:52]
As of April 1, Azerbaijan's Gandjabank raised its assets to AZN 19,195,406, 4.1 times higher than the same period last year.
30 May 2007 [08:51]
Azerbaijan Industrial Bank intends to install 15 ATMs and 100 POS terminals in Baku by the year-end.
30 May 2007 [08:49]
The second meeting of the Transport Coordination Council of the Economic Cooperation Organization will take place in Baku in autumn.
30 May 2007 [08:48]
The Cabinet of Ministers will approve state-owned biggest companies' estimate of income and expenditure in the nearest future.
30 May 2007 [08:42]
AzerEnergy, the State Electricity Company of Azerbaijan, has submitted Draft Program for Domestic Energy Network Reconstruction to the Government for approval.
30 May 2007 [08:41]
In early April the Baku-Tbilisi-Ceyhan (BTC) pipeline celebrated the lifting of the 100 millionth barrel of oil from the Ceyhan Terminal in Turkey. Since last June, 131 million barrels (17.6 million tonnes or 165 taker loadings) have been exported via BTC.
30 May 2007 [08:38]
During the first three months of 2007, we spent $12 million of the planned $41 million doe capital expenditure on South Caucasus activities in 2007, BP-Azerbaijan President Bill Schrader told a 2007 first quarter results media briefing.
30 May 2007 [08:30]
Azerbaijan has drilled the deepest gas well at its Shakh Deniz field in the Caspian Sea, the exploration and drilling manager of BP-Azerbaijan said Tuesday.
30 May 2007 [08:21]
BP Company is not political organization so it follows the rules of the states in which it is operating, said Bill Schrader, BP's President in Azerbaijan.
30 May 2007 [08:14]
Two experts of the European Commission will visit Azerbaijan to have discussion on preparation for the Caspian and Black Sea Transport Routes Project within TRACECA Program.
30 May 2007 [08:14]
As of May 1, the National Bank of Azerbaijan's assets grew to AZN 2,874,863, up 7.8% from the New Year, 2007.
30 May 2007 [08:13]
A meeting of the CIS Intergovernmental Council for Industrial Property Protection started in Baku on May 29.
29 May 2007 [22:18]
"This week experts from Azerbaijan, Georgia and Turkey will come together in Ankara to discuss issues related to Baku-Tbilisi-Kars railway project," said Turkey's Ambassador to Azerbaijan.
29 May 2007 [21:49]
"During the first quarter of 2007, Azeri-Chirag-Guneshli spent $79 million in operating expenditure and $614 million capital expenditure. For the full year, we plan to spend $396 million in operating expenditure and $2,579 million in capital expenditure," BP-Azerbaijan President Bill Schrader told a 2007 first quarter results media briefing.
29 May 2007 [21:43]
BP has fixed problems at one of its two gas producing wells at the Azeri Shakh-Deniz field and hopes to produce 2.7 billion cubic metres of gas this year -- almost half its initial estimates, the firm said on Tuesday.
29 May 2007 [14:49]
By late June, Azerbaijan's Transport Ministry will complete the paperwork of the expected competition for installation of Baku Intelligent Traffic Control System.
29 May 2007 [13:35]
Remedial works on Garadagh-Gazimammad pipeline are ongoing to repair the failure in Garadagh.
29 May 2007 [11:41]
The First Vice President Varel Freeman of the European Bank for Reconstruction and Development (EBRD) will pay a working visit to Azerbaijan to have discussion on relocation of Baku Cargo Terminal and involvement in financing Baku-Tbilisi-Kars railway project. A memorandum of understanding will be reached during the visit.
28 May 2007 [13:52]
Six countries signed a document in Yalta on Friday on forming a common CIS electricity market. Six more countries declined to sign the document.
26 May 2007 [22:18]
Shell favours the agreement between Kazakhstan, Russia and Turkmenistan on construction of Caspian gas pipeline.
26 May 2007 [14:34]
Seven percent of the country's stabilization fund was handed over to the World Bank.
26 May 2007 [14:31]
Nakhchivan Autonomous Republic stopped receiving electricity from Iran and Turkey.
26 May 2007 [13:45]
Milli Majlis today sat to discuss results of 2006-budget.
26 May 2007 [13:43]
Azerbaijan's per capita health spending rose to AZN 19 million in 2006, 2.5 times higher than the previous year, Ziyad Samadov, chair of the parliament commission for economic policy, told a parliament session on Friday.
26 May 2007 [13:34]
Preliminary court proceeding on criminal case on "Tereqqi" building company officials was held at Court of Grave Crimes, the court told.
26 May 2007 [13:24]
Azerbaijan Investment Company and Kuwait Finance House have signed a memorandum of understanding. AIC press service told that the document envisions establishment of an investment organization which will finance a number of joint projects in Azerbaijan.
26 May 2007 [11:15]
Deputy Prime Minister, Yagub Eyyubov, and State Oil Company (SOCAR) President Rovnag Abdullayev met with Georgian Prime Minister Zurab Nogaideli in Tbilisi.
26 May 2007 [10:42]
800km part of Baku-Supsa pipeline running near Zestafoni City (western Georgia) will be rerouted because of natural land process in this territory.
26 May 2007 [10:41]
Azerbaijan's parliament Milli Majlis has today discussed the amendments to the 2007 state budget.
25 May 2007 [14:22]
The amount of incomes earned by Azeri entrepreneurs totaled to AZN 4.324 billion in 2006, up 26% from the previous year.
25 May 2007 [08:10]
The Azerbaijani-Latvian Banking Forum will be held in Baku on June 8 by the National Bank of Azerbaijan, Latvian Mortgage Fund and Association of Commercial Banks.
25 May 2007 [08:09]
The statutory meeting of the Association of Azerbaijan Stock Market Participants has been held on Thursday.
25 May 2007 [08:08]
A Training Center for Intellectual Property will be established under Azerbaijan's State Agency or Standardization, Metrology and Patents by this year's end.
25 May 2007 [08:00]
25 May 2007 [07:58]
Turkish embassy is studying the economic potential of Azerbaijan's regions and works hard in involving Turkish firms and enterprises to these areas.
24 May 2007 [23:18]
International notice will be issued on the runner of Kapital Bank in Azerbaijan, Zamig Aghayev who robbed the bank $140,000 on May 17, Deputy Sabayel prosecutor Elchin Sultanov told.
24 May 2007 [16:21]
Azerbaijan's Minister of Economic Development Heydar Babayev met Thursday with Frank Mermoud, Special Representative for Commercial and Business Affairs of the US Department of State.
24 May 2007 [16:06]
100 buses will be delivered to Azerbaijan from China in June in accordance with am agreement between ChangAn and Nihad Motors.
24 May 2007 [14:43]
The new energy deal Russia signed with the energy-rich Kazakhstan and Turkmenistan casts a shadow on the European and American strategies of energy diversification.
24 May 2007 [11:50]
The biggest oil and gas company in Azerbaijan, SOCAR, has opened an office in Bucharest with the stated goal of looking for business opportunities in Romania, a possible investment in a Romanian refinery included.
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