Business
09 February 2007 [10:56]
As Polish Ambassador to Ukraine Jacek Kluczkowski told journalists on Thursday, for realization of the Odesa-Brody-Plock oil pipeline project guarantees from Azerbaijan and Kazakhstan are lacking. Poland wants to participate in the project, but guarantees from suppliers are needed.
09 February 2007 [10:40]
Willie International Holdings Ltd said it is studying the prospects of cooperating with various parties in forming a joint venture for an oil recovery project in Azerbaijan.
09 February 2007 [02:44]
Alcatel-Lucent, the newly merged telecom equipment maker is working formation of structures in the CIS region.
09 February 2007 [02:41]
Chicken and egg fairs will be organized by the Azerbaijan Poultry Society and the Economic Development Ministry in Taza Bazaar, Sabunchu Bazaar and 3rd Microdistrict Bazaar in Baku.
09 February 2007 [02:38]
Azerbaijan produced 712.52mln cu m of gas against the planned 710.74mln cu m with an excess of 0.3% in January, 2007.
09 February 2007 [02:33]
State Oil Company of Azerbaijan (SOCAR) and Total of France have signed a Memo of Understanding on development of Absheron Offshore Field in the Azeri sector of the Caspian.
09 February 2007 [01:38]
The weighted average exchange price made up 0.8699 AZN/USD at trading sessions on the Baku Interbank Currency Exchange Feb 8.
09 February 2007 [01:33]
As expected, oil products were most sold in Baku and least in the settlement of Horadiz, Fuzuli in January.
08 February 2007 [23:45]
Association of Azerbaijan Insurers intends to help local insurance companies in accession to Green Card System, Deputy Minister of Finance, Azer Bayramov, stated.
08 February 2007 [23:31]
The State Oil Company of Azerbaijan (SOCAR) (excluding Operating Companies and Joint Ventures) has 6 117 production wells.
08 February 2007 [23:29]
The supply portfolio dipped in real estate market from early January, Azeri Real Estate Index rose 5.8 or 2.35% to settle at 254.7, the Public Union of the Real Estate Market Participants informs.
08 February 2007 [16:32]
Oil prices slipped further Thursday, continuing their downward trend after the U.S. Department of Energy's weekly inventory report showed lower than expected demand for distillate fuels like heating oil.
08 February 2007 [15:58]
Baku hosts an International Conference on Fight against Counterfeit Drugs.
08 February 2007 [13:55]
The entry of International Bank of Azerbaijan into Georgia will cut prices on credit resources, said Roman Gotsiridze, President of NBG (National Bank of Georgia).
08 February 2007 [13:45]
A new regional railway, Baku-Akhalkalaki-Kars, will link Asia with Europe to become "a modern version of the new Silk Road," Georgian President Mikhail Saakashvili said after negotiating with visiting Turkish and Azerbaijani leaders in Tbilisi on February 7.
08 February 2007 [13:34]
Azerbaijani, Georgian and Turkish leaders inaugurated a new terminal of the Tbilisi International Airport, which was constructed by the Turkish consortium TAV-Urban, on February 7.
08 February 2007 [12:07]
"Today, it is possible to widen roads in Baku. Unfortunately, this opportunity is not seized now," said Deputy Minister of Transport Musa Panahov.
08 February 2007 [11:32]
Azerbaijani, Georgian and Turkish leaders agreed on February 7 in Tbilisi to launch construction of the electricity transmission line which will link Azerbaijan with Turkey via Georgia.
08 February 2007 [10:55]
Douglas Menarchik, USAID's Assistant Administrator for Europe and Asia attended the inauguration of the Economic Partnership Commission between the US and Azerbaijan in Baku.
08 February 2007 [10:54]
AzEuroTel intends to install Code Division Multiple Access pay telephones in Baku and surrounding regions.
08 February 2007 [10:52]
US Trade and Development Agency will render technical assistance worth $855,000 to the State Oil Fund of Azerbaijan, as per the MOU signed on Feb. 7, said Executive Director of the SOFAZ Shahmar Movsumov.
08 February 2007 [10:51]
State Oil Company of Azerbaijan is negotiating with Total, Chevron and Agip on transit of Kazakhstan oil through Azerbaijan, said SOCAR President Rovnag Abdullayev.
08 February 2007 [10:50]
The transmission capacity of Baku-Tbilisi-Ceyhan will reach its maximum capacity by April 1, said SOCAR President Rovnag Abdullayev.
08 February 2007 [10:49]
Azerbaijan has not arranged the date for next round of negotiations on accession to the World Trade Organization, said Deputy Foreign Minister, Mahmud Mammadguliyev.
08 February 2007 [10:46]
Appeal Court held a preparatory meeting on the appeals of former six officers of Barmek-Azerbaijan Electricity Distribution LLC.
08 February 2007 [10:40]
The currency reserves of the National Bank of Azerbaijan is close to US $8bln, said Chairman of the management Board of the National Bank, Elman Rustamov.
08 February 2007 [10:39]
Local stationary telephone maker of Azerbaijan, Kur LLC, will produce 50,000 telephones this year.
08 February 2007 [10:32]
The Board of Trustees of Azerbaijan Export and Investment Promotion Foundation (AzPromo) met on Tuesday.
08 February 2007 [10:30]
As of January 1, Mughan Bank's assets made AZN 39,831,000, up 87% from the previous year, and net profit doubled to AZN 1,020,000.
08 February 2007 [10:29]
A package of proposals is being worked out to convert Azerbaijan State Railways (ADDY) to a Joint Stock Company.
08 February 2007 [10:11]
National Bank of Azerbaijan is carrying out preparation for currency notes disintegration process.
08 February 2007 [10:09]
Some Azeri banks asked the National Bank for extra time as they didn't manage to completely float their stock issue due to non-workdays in early January.
08 February 2007 [10:06]
Azerbaijan's National TV and Radio Council will hold a meeting on the results of the tender on ANS TV and ANS ChM frequency at the end of this week.
07 February 2007 [22:37]
Azerbaijan's Minister of Economic Development, Heydar Babayev, met with the U.S. delegation led by Daniel Sullivan, Assistant Secretary of State for Economic, Energy and Business Affairs, and co-Chair of the U.S.-Azerbaijan Economic Partnership Commission.
07 February 2007 [22:35]
The weighted average exchange prices made up 0,8701 AZN for 1 US dollar in the Baku Interbank Currency Exchange on February 7.
07 February 2007 [22:14]
The United States and Azerbaijan launched an Economic Partnership Commission in Baku, Wednesday.
07 February 2007 [22:12]
Azerbaijani Agriculture Ministry's State Veterinary Service has imposed a ban to import of fowls, poultry products and feed from the UK and Krasnodar province of Russia.
07 February 2007 [22:04]
Shah Deniz Field, the giant one in the Azerbaijani sector of the Caspian, will return on stream on Feb. 26, SOCAR President Rovnag Abdullayev said.
07 February 2007 [21:24]
The inauguration of the Economic Partnership Commission between the United States and Azerbaijan in Baku today highlighted macroeconomic policy, trade and investment, economic development, energy security, and some other issues, American co-chair of the Commission, Assistant Secretary of State for Economic, Energy, and Business Affairs Daniel Sullivan said.
07 February 2007 [21:22]
Ceremony of signing a Tbilisi Declaration on the construction of Baku-Tbilisi-Akhalkalaki-Kars railway line was held on Wednesday at Georgian parliament.
07 February 2007 [21:09]
Turkey is now working on allocation of part of its gas share from the Azerbaijani's Shah Deniz field to Georgia, Turkish Prime Minister Recep Tayyip Erdogan said after talks with the Georgian and Azerbaijani leaders in Tbilisi on February 7.
07 February 2007 [21:07]
Partially state-owned International Bank of Azerbaijan's (IBAR) affiliated bank in Georgia has officially launched operations after it was granted with a license by the National Bank of Georgia (NBG) on February 7.
07 February 2007 [16:59]
"It is difficult to say the exact number of buildings the constructions of which have been suspended due to failing in expert appraisal. The shortcomings are being removed according to the construction standards," Azerbaijani Emergencies Minister Kamaladdin Heydarov stated.
07 February 2007 [16:36]
Minister for Science and Technology Chaudhry Nouraiz Shakoor on Wednesday stressed the need to start exchange of delegations of experts, researchers and scientists between Pakistan and Azerbaijan to further enhance mutual cooperation.
07 February 2007 [16:06]
Bulgaria, Greece and Russia will sign an agreement Wednesday for the construction of a long-awaited oil pipeline that will funnel Russian oil directly to southeastern Europe — bypassing Turkey's busy Bosporus Straits, officials said.
07 February 2007 [14:03]
Papers explaining the meanings of the words "Coca-Cola" and "Pepsi" are spread in northern regions of Azerbaijan.
07 February 2007 [13:59]
Implementation of the Baku-Tbilisi-Akhalkalaki-Kars railway project will strengthen Turkey's geostrategic and geopolitical position, Turkey's Prime Minister Rajab Tayyib Erdogan said a briefing before leaving for Georgia.
07 February 2007 [13:05]
The United States and Azerbaijan inaugurate an Economic Partnership Commission in Baku, Wednesday.
07 February 2007 [10:20]
The highway to be built from Zeynalabdin settlement to Lokbatan can be the first toll road in the country.
07 February 2007 [10:15]
Communications and Information technologies Ministry's Aztelecom announced a tender.
07 February 2007 [10:10]
"Azerbaijan can carry out Trans-Europe-Asia (TEA) line project. It is to benefit of this country," said Dr. Roald Sagdeev.
07 February 2007 [09:25]
Azerbaijan has resumed exporting gasoline to Georgia.
07 February 2007 [09:20]
AtaHolding has become a member of United States-Azerbaijan Chamber of Commerce (USACC).
07 February 2007 [08:40]
Azeri-German business forum will be held in Berlin on Feb. 16.
07 February 2007 [08:35]
Azerbaijan's Star Alliance Insurance collected insurance premiums of AZN 322,500 during 2006, down 245 from the previous year.
07 February 2007 [08:25]
Chairman of the Management Board of the National Bank of Azerbaijan, Elman Rustamov, has received Simeon Djankov, the creator of the Doing Business series ranking economies on their ease of doing business, from 1 – 175, with first place being the best.
07 February 2007 [08:20]
A delegation led by Azerbaijan Transport Minister, Ziya Mammadov, has today left Baku for Tbilisi.
07 February 2007 [08:15]
Oil prices rose Tuesday, lifted by chilly weather across the Midwest and Northeast United States that is boosting heating fuel demand.
07 February 2007 [08:10]
The Dow Jones industrial average rose 8.25, or 0.07 percent, to 12,661.74.
06 February 2007 [22:41]
The weighted average exchange prices made up 0,8701 AZN for 1 US dollar in the Baku Interbank Currency Exchange on February 6.
06 February 2007 [22:31]
The United States and Azerbaijan will inaugurate an Economic Partnership Commission on February 7 in Azerbaijani capital Baku.
06 February 2007 [22:28]
Azerbaijani Interior Ministry's Organized Crime Task Force found large amount of expired medications, equipment to prepare medicines and falsified documents.
06 February 2007 [22:13]
Official accusations have been made against president of Barmek Azerbaijan Electricity Distribution LLC Huseyn Arabul on Article 179.3.2 (embezzlement), 308.2 (abuse of power) and 313 of the Criminal Code.
06 February 2007 [22:07]
In Q4 2006, the Internet service provider (ISP), a division of Asia Telecom Ltd., began the construction of its own data transmission network and placement of DSLAM equipment for the assignment ADSL (Broadband) services in Baku city, Azerbaijan, according to Asian Telecom press release.
06 February 2007 [16:44]
Azerbaijan Airlines State Concern has signed a contract with the US Boeing company on Tuesday. Under the contract Azerbaijan is to buy five Boeing planes of two modifications worth 401 million dollars.
06 February 2007 [15:24]
Three projects financed by US government were implemented in Mollaburkhanli village of Khachmaz region, Azerbaijan, on February 5.
06 February 2007 [15:22]
CHF International Organization implements several projects in Gakh region, financed by US Agency for International Development (USAID).
06 February 2007 [14:49]
Fitch Ratings has upgraded Azerbaijan's foreign and local currency issuer default ratings from 'BB' to 'BB+' with a stable outlook, citing high oil production and low state debt in the former Soviet state.
06 February 2007 [14:33]
The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in the sphere of banking supervision.
06 February 2007 [10:35]
Dr. Roald Sagdeev, Distinguished Professor of Physics at the University of Maryland and Director of SilkSat, a telecommunications project utilizing small satellites, Director Emeritus of the Space Research Institute, the Moscow-based center of the Russian space exploration program, gave a seminar on modern status of satellite technologies and prospects at the Communications and Information technologies Ministry.
06 February 2007 [10:30]
Caspian Telecoms Conference and Showcase, an ideal forum in which to discover what is happening within the Caspian, Central Asia and Black Sea telecoms market will be held in Istanbul on April 12-13 by international companies, trade-industry exhibitions and conferences professional-ITE Group PLC (UK), EUF (Turkey) and ITE Moscow LLC (Russia).
06 February 2007 [10:25]
Azerbaijan will penetrate international capital market this year, Finance Minister Samir Sharifov said.
06 February 2007 [10:15]
Azercell Telecom JV continues its work on expanding field of its coverage and to provide high-quality telecommunication services in the country.
06 February 2007 [10:10]
State Customs Committee of Azerbaijan transferred taxes and duties of AZN 57.65m to the State Budget in January. The forecast was met by 101.68 percent.
06 February 2007 [09:40]
National Bank of Azerbaijan has bought currency shredding devices and granulators from the Kusters Engineering to destroy old banknotes. The granulating devices will be delivered to Baku this week.
President Ilham Aliyev accepts credentials of newly appointed ambassador of Iran
President Ilham Aliyev receives credentials of new ambassador of Sudan to Azerbaijan
President Ilham Aliyev accepts credentials of newly appointed ambassador of Poland
VOMA prepares to replace Srbazan's gang
Iran confident Azerbaijan will not allow its territory to be used against Tehran – Ambassador
Colonel-General Karim Valiyev leads Azerbaijani delegation at major Turkish military drills
Azerbaijan mediates breakthrough at UN Climate Session, paving way for COP30