Business
22 August 2006 [08:48]
Durign January-July the State Oil Company of Azerbaijan (SOCAR) processed 4 598 260 tonnes of oil by implementing the forecast by 107.5 percent.
22 August 2006 [08:43]
According to the contract signed between Baku Stock Exchange and Ministry of Finance of Azerbaijan Republic on July 07, 2005, an auction on placement of T-Bills with the state registration number 10302313S will be held on August 22, 2006.
22 August 2006 [08:41]
SOCAR imported 311 683.876 cubic meters of gas from Russia in July and 2 670 266.895 cubic meters during January-July.
22 August 2006 [00:27]
Oil rose more than $1 a barrel on Monday as Iran vowed to pursue its nuclear programme, inviting possible sanctions against the world's fourth largest oil exporter.
21 August 2006 [13:31]
Initially the exhibitions 'Baku Furniture' and 'Fashion/ Textile' were scheduled from September 19 to 22, according to Organizers of international exhibitions in Azerbaijan ITE and Iteca Caspian.
21 August 2006 [11:39]
Production on main spheres of the economy has grown by 32.8% during the first half of the year as against the same period last year.
21 August 2006 [11:38]
International Insurance Company (IIC) has won a tender announced by European-Tobacco Baku on insurance of its property and liability.
21 August 2006 [11:34]
Azerbaijani Ministry of Industry and Energy Natik Aliyev stated that Russian oil companies are interested in participating in the BTC (Baku-Tbilisi-Ceyhan) oil pipeline project.
21 August 2006 [11:32]
Electricity from Iran started flowing to the Republic of Azerbaijan via the Astara border on Monday in accordance with an agreement entered into by the two countries, the director of public relations of the Gilan Regional Electricity Company said.
21 August 2006 [08:31]
Lenkeran Electricity Distribution Department has already begun to take severe measures to collect electricity fees.
21 August 2006 [08:23]
51 hectares of lands of 118 residents, 1.2 hectares of lands of municipality and 10 hectares of forest lands in the village of Lay will be used to expand Lenkeran Airport.
20 August 2006 [19:04]
Azerbaijan International Bank (AIB) has sealed a 7.28 million Euros credit contract with the 'Rabobank' of the Netherlands.
20 August 2006 [12:00]
An explosion Saturday caused a huge fire on a natural gas pipeline in eastern Turkey, the Energy Minister Bulent Ismen said.
20 August 2006 [02:04]
Iranian Oil Minister Kazim Veziri Hamaneh announced that Turkey and Iran have agreed on a partnership to export Iran's natural gas to Europe via Turkish pipelines.
20 August 2006 [01:57]
20 August 2006 [01:55]
The weighted average exchange prices made up 0.8846 AZN for 1 US dollar in the Baku Interbank Currency Exchange on August 18.
20 August 2006 [01:44]
An explosion has caused a huge fire on a newly inaugurated Caspian Sea pipeline to Turkey.
19 August 2006 [15:45]
A tender will be announced on complete provision of all Azerbaijani territories with modern telephone system, communication and information technologies minister, Ali Abbasov stated.
19 August 2006 [09:19]
It is estimated that investment of USD 2.1 bln has been made in the economy of Azerbaijan during the first half of the year.
19 August 2006 [09:16]
Taxes Ministry Operational Control Department have to date examined 50 606 various kinds of trade facilities and found serious irregularities in 13 713 of them.
19 August 2006 [09:13]
During the first half of this year the income forecast of the state budget of Azerbaijan was implemented by 102.1% that is to say AZN 1547.2 mln against the forecast of AZN 1516.1 mln.
19 August 2006 [08:48]
UniBank CB and DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH (the German Investments Corporation) signed a credit line agreement for $6 mn, which the Bank will on-lent towards SME (small and medium enterprise) projects.
19 August 2006 [08:38]
Azerbaijani ambassadors, consuls and heads of representative offices to foreign states visited Galagayin displaced-persons camp in Sabirabad in the frames of the meeting held in Baku.
18 August 2006 [23:53]
Oil bounced on Friday as major OPEC producer Iran showed no sign of responding favorably to incentives aimed at resolving a nuclear row by a self-imposed Aug. 22 deadline.
18 August 2006 [21:57]
Turkey and Iran on Friday broke off talks on the construction of a gas pipeline linking Iranian gas fields to Europe.
18 August 2006 [21:20]
The weighted average exchange prices made up 0.8850 AZN for 1 US dollar in the Baku Interbank Currency Exchange on August 17.
18 August 2006 [21:18]
The Committee on Extractive Industries Transparency Initiative (EITI) established by the Government of Azerbaijan to implement its obligations taken at the conference on EITI held in June 2003 in London, on 18th August, 2006, announced the release of the Government's fourth EITI report (Jan-Dec 2005 assertion) audited by Deloitte, the independent Aggregator.
18 August 2006 [21:05]
"Heads of executive powers of Agstafa, Gadabay, Samukh and Khanlar regions have not sent a letter of guarantee to Azerigas CJSC with regard to rising the collection of gas bills to 100%.
18 August 2006 [20:56]
Georgian and Azerbaijani Finance Ministers, Lexo Alexishvili and Samir Sharifov, respectively, signed an agreement on August 18 to reschedule repayment of Georgia's USD 13,4 million debt.
18 August 2006 [17:01]
Regional meeting dedicated to collection of fees for electricity, gas and other public utilities and removing shortfall in this field was held in Ganja city executive power.
18 August 2006 [16:56]
Special operation was conducted to catch criminal gang having secretly stolen oil from Baku-Novorossiysk pipeline regularly.
18 August 2006 [09:44]
Azerbaijan-India business forum will be held in Baku on September 20-21, Tamerlan Garayev, extraordinary and plenipotentiary Ambassador informed.
18 August 2006 [09:42]
Information was given by Rashid Javanshir, BTC Co. Executive Director.
18 August 2006 [09:35]
Azerenergy Joint-Stock Company will sign a credit agreement with European Bank for Reconstruction and Development to reconstruct thermoelectric station in Mingachevir.
18 August 2006 [09:33]
Taxes Ministry Operational Control Department have to date examined 48 130 various kinds of trade facilities and found serious irregularities in 13 126 of them.
18 August 2006 [09:29]
During January-July the State Committee for management of Public Property transferred AZN 1,8mn to the State Budget.
18 August 2006 [09:11]
State Oil Company of Azerbaijan (SOCAR) president Rovnag Abdullayev and the company future staff qualification commission members met with students who gained highest score (over 80 points) in examination and will be able to get master's degree abroad within Scholarship Program.
18 August 2006 [09:07]
Indian Trade Minister will visit Azerbaijan in September this year, Azerbaijani Ambassador to India Tamerlan Garayev informs.
17 August 2006 [21:42]
17 August 2006 [21:40]
The weighted average exchange prices made up 0.8852 AZN for 1 US dollar in the Baku Interbank Currency Exchange on August 16.
17 August 2006 [21:34]
The Azerbaijan-Georgia business forum was held August 17 in Batumi with Prime Ministers Artur Rasizade of Azerbaijan and Zurab Nogaideli of Georgia in attendance.
17 August 2006 [21:09]
Azerbaijan is behind Armenia of the length of primary roads, Transport Ministry's Traffic Service Department chief Javid Gurbanov said at the media briefing.
17 August 2006 [14:35]
"Fire-engines as well as fire fighting appliances and special uniforms will be brought to Azerbaijan by mid September," deputy Emergencies Minister Faig Taghizadeh told journalists.
17 August 2006 [14:22]
The weighted average exchange prices made up 0.8848 AZN for 1 US dollar in the Baku Interbank Currency Exchange on August 15.
17 August 2006 [14:05]
As of July 1, the external debt of Azerbaijan constituted USD 1 806.3 mn and that is to say per capita foreign debt equaled $212.9. As of July, credit agreements of $3 534.1 mn have been concluded.
17 August 2006 [11:08]
It is reported that 11 million barrels of crude oil have been transported to the Haydar Aliyev Sea Terminal in the Ceyhan district of Adana via the Baku-Tbilisi-Ceyhan (BTC) Crude Oil Pipeline which supplies the Azeri oil to the world markets.
17 August 2006 [10:24]
On October 1-4, 2006, the United States-Azerbaijan Chamber of Commerce (USACC) will host a trade mission to the Republic of Azerbaijan for leading U.S. firms specializing in Information and Communications Technologies (ICT).
17 August 2006 [10:17]
Taxes Ministry Operational Control Department have to date examined 45 633 various kinds of trade facilities and found serious irregularities in 12 548 of them.
17 August 2006 [09:57]
Salyan Oil, which is developing Kursengi-Garabaghli field, produced 22 998 000 cubic meters of gas during January-July.
17 August 2006 [09:28]
SOCAR has developed an action plan to study the ecological situation with the onshore oilfields, SOCAR vice-president Khoshbekht Yusifzade told journalists.
16 August 2006 [22:06]
Azerbaijani-German intergovernmental talks started in Bonn. Azerbaijan is represented at the negotiations by economic development minister Heydar Babayev.
16 August 2006 [16:04]
Azerbaijan International Operating Company (AIOC) will discontinue exporting oil through Baku-Novorossiysk oil pipeline from September this year, AIOC informs that the reason is that BTC has already come on line.
16 August 2006 [13:17]
Technical efficiency of delivery of Iranian oil through Baku-Tbilisi-Ceyhan (BTC) pipeline may be considered in near future, Iranian ambassador to Azerbaijan, Afshar Suleymani said.
16 August 2006 [09:04]
Austria and Azerbaijan are having negotiations to develop relations in tourism sector, Fuad Ismayilov, Extraordinary and Plenipotentiary Ambassador to Austria stated.
16 August 2006 [08:38]
Some changes were made to the schedule of issue of T-bills by Ministry of Finance of the Azerbaijan Republic in 2006.
16 August 2006 [08:29]
As of July 1, the aggregate assets of banks reached AZN 2 806.5mn which represents a 52% rise on the same month last year.
15 August 2006 [22:21]
Oil production will hit 50mn tonnes per day in 2008 in Azerbaijan. The production will be 30.5 mn tonnes this year and it will reach 47 mn tonnes next year, Natig Aliyev, Industry and Energy Minister, said.
15 August 2006 [22:02]
Gross Domestic Product constituted AZN 8 803.5mn during January-July and this figure represents a 35.1% increase on the same period last year.
15 August 2006 [21:15]
Iran's Deputy Foreign Minister for Asia-Pacific affairs Mehdi Safari conferred in Tbilisi on Tuesday with Georgian Prime Minister Zurab Noghaideli on issues of mutual interests.
15 August 2006 [20:39]
The Russian and Armenian presidents agreed that trade between the two countries is growing and expressed their hope for good prospects in bilateral relations.
15 August 2006 [14:42]
SOCAR is currently importing about 10.7 million cubic meters of gas per day average from Russian gas company Gazeksport.
15 August 2006 [14:36]
Azerbaijan's Finance Minister Samir Sharifov and German Ambassador to Baku Per Christopher Stanchina signed August 14 an agreement on financial cooperation in creating the Samur-Yalama national park in Azerbaijan.
15 August 2006 [13:35]
International Bank of Azerbaijan (IBA) has signed a loan agreement amounting to 7.28mn EUR with Rabobank of Netherlands.
15 August 2006 [09:06]
The weighted average exchange price made up 0.8858 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange yesterday.
15 August 2006 [09:03]
Taxes Ministry Operational Control Department continued examination of cash payment and submittal of receipts to clients on August 12 in Sumgait and Apsheron district.
15 August 2006 [09:00]
Auction on placement of T-bills of Finance Ministry will be held at Baku Stock Exchange August 15.
15 August 2006 [08:52]
Taxes Ministry Operational Control Department have to date examined 40 865 various kinds of trade facilities and found serious irregularities in 11 524 of them.
15 August 2006 [08:35]
VAT registration has to date been annulled in 4343 enterprises in Azerbaijan since early year.
14 August 2006 [19:32]
Azerbaijani Caspian Sea Shipping Company negotiates with Russian Federal Agency for River and Sea Transport on permanent transit through Russian inland waters, ACSSC chairman Aydin Bashirov told journalists.
14 August 2006 [14:53]
The Baku-Ceyhan oil pipeline is facing the threat of corrosion, which could bring about an ecological catastrophe in Georgia, Azerbaijan and Turkey, the Platform international ecological organisation has announced.
14 August 2006 [13:44]
Azerbaijan's State Property Committee has announced an investment contest for the equity of the Moscow Hotel.
14 August 2006 [11:59]
Russia's UTair Aviation wiil launch its first flights to Azerbaijan.
14 August 2006 [00:54]
Georgia-Azerbaijan business forum will be held in the framework of the Georgia-Azerbaijan intergovernmental economic commission's meeting in Batumi on August 17.
14 August 2006 [00:52]
According to BP Azerbaijan, the Istiglal semi-submersible drilling rig is now spudding another appraisal well at the Shahdeniz gas field.
14 August 2006 [00:50]
According to press service of BP Azerbaijan, the company plans to deliver a total amount of 2.1 billion cubic meters of gas produced from the Central Azeri and West Azeri platforms to Azerbaijan until the end of this year.
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