Business
18 February 2006 [15:04]
A new mobile communication operator in Azerbaijan will set to providing services in August 2006, the Minister of Communications and Information Technologies of Azerbaijan Ali Abbasov said in a statement to journalists on Saturday.
18 February 2006 [15:00]
"Hajigabul broiler" poultry farm has suspended customer's orders due to bird flu danger.
18 February 2006 [09:54]
A business forum with participation of Israeli and Azerbaijani businessmen will be held in Baku and Guba on February 20 and 21.
18 February 2006 [09:43]
The Ministry of Transport intends to involve foreign organizations in construction of two-storeyed roads and bridges aimed at solution of transport problems of Baku.
18 February 2006 [09:35]
The Auditors Chamber of Azerbaijan (ACA) signed a cooperation protocol with the Certified Auditors Association of Latvia.
18 February 2006 [09:15]
Import of cars with production period exceeding 4 years manufactured in CIS and foreign countries will be prohibited.
18 February 2006 [09:04]
The Mortgage Fund under the auspices of the National Bank of Azerbaijan (NBA) determined 15 authorized banks to participate in the crediting process to be started soon.
18 February 2006 [08:32]
Presentation of the survey results on "Extractive Industry Transparency Initiative" (EITI) took place at "Hyatt Regency" hotel today.
18 February 2006 [08:14]
It is expected that distribution of licenses and distinctive marks for buses, minibuses, taxis and lorries transporting passengers and cargo will be started during this year.
18 February 2006 [01:28]
"Significance of the tasks grows to strengthen social and economic development of the country," Heydar Babayev, the Azerbaijani Economic Development Minister, said on Friday.
17 February 2006 [14:30]
PA Government Service Inc., a part of the PA Consulting Group, closed tender in the framework of the pilot project, stipulated by the problems resolving strategy in the Azerbaijan heating sector.
17 February 2006 [12:31]
Azerbaijan's capital Baku has been announced a City of the Future in Western CIS based upon its competitiveness in attracting foreign direct investments.
17 February 2006 [12:08]
The Israel-Azerbaijan business forum will be held at the Hyatt Regency Hotel of Baku next Monday.
17 February 2006 [11:29]
Although the first office of the Microsoft Company is expected to be established in Azerbaijan by the end of February, exact date of office's establishment has not been defined yet.
17 February 2006 [11:22]
Final decision on increasing authorized capital of Azerbaijan Microfinance Bank to be adopted in June.
17 February 2006 [10:45]
The Tekhnikabank Open Joint-Stock Company (OJSC) opened its second branch in Sumgait on Thursday.
17 February 2006 [10:20]
Bank Standard increased total volume of its assets by 55% last year and brought it up to AZN124.678 million ($135.727 million) by the beginning of the year.
17 February 2006 [10:03]
The transportation of Azerbaijani oil and gas reserves to world markets via Georgia and Turkey promises huge returns for all three countries.
17 February 2006 [09:55]
The credit portfolio of the Azerbaijan Bank for Micro-financing (MFBA) on the results of 2005 made up $17,5 million, having grown three times.
17 February 2006 [08:11]
Special program concerning development of chemical industry in Sumgait will be prepared.
17 February 2006 [08:06]
Highest average monthly salary among the ex-USSR republics is paid in Estonia. So, according to the results of 2005, average monthly salary every Estonian was paid amounted to $593.
17 February 2006 [07:59]
New deodorization system is presented by the "Baku Oil and Food Industry" Open Joint-Stock Company (OJSC) of the Azersun Holding Group of Companies.
16 February 2006 [17:25]
New structural sub-units were established, legal names of separate enterprises were changed in relation to reorganization of Azerenerji JSC.
16 February 2006 [14:19]
"The Azerbaijan government notified the PA Consulting Company that it does not plan to set up a special regulating body in the country's energy field," the company's head of the project for technical assistance in the Azerbaijan energy sector, MacNeil Watkins said on Thursday.
16 February 2006 [08:18]
The Turkish Industrialists' and Businessmen's Association (TUSIAD) jointly with the Ministry of Taxes will award its members that are disciplined and paid taxes most of all in 2004.
16 February 2006 [04:17]
Tax revenue forecast was implemented 113.1% in January this year and AZN 313.2 thousand entered the budget.
16 February 2006 [04:00]
A credit agreement was signed between Tekhnikabank and Toronto-Dominion Bank of Canada yesterday.
16 February 2006 [03:48]
The chair of the Supervisory Board of the Tekhnikabank Open Joint-Stock Company Etibar Aliyev refuted information on detention of employees of the Bank as a result of inspections implemented in the Bank by tax authorities.
16 February 2006 [00:34]
The National Bank of Azerbaijan (NBA) calls on the depositors of the Azerbaijani Technikabank and Debutbank not to worry about the measures, taken by the tax bodies at the banks in relation to violation of tax legislations by firms Olymp-L and Buta.
15 February 2006 [18:24]
Japan welcomes the desire of Azerbaijan to become a member of the World Trade Organization (WTO), the Ambassador of Japan to Azerbaijan Tadahiro Abe said in a statement, commenting on the official Tokyo stance in regard to the membership of Azerbaijan in WTO.
15 February 2006 [13:59]
The "Azerenerji" Joint Stock Company (JSC) jointly with the general contractor of the modular stations constructing in Azerbaijan will accomplish erecting of two stations in Sheki and Hachmaz areas of Azerbaijan during August-September.
15 February 2006 [10:30]
The Baku Telephone Communication Production Union (BTCPU) intends to secure a license from the National Teleradio Council for providing telecasting service by means of telephone lines.
15 February 2006 [10:25]
III meeting of the Extractive Industry Transparency Initiative (EITI) International Advisory Group will be held in Nigeria on February 16.
15 February 2006 [10:20]
Level of oil production in Azerbaijan has increased approximately by 2 times since 1991.
15 February 2006 [09:30]
According to the state investment programme, the Superphosphate Plant situated in Sumgait will be privatized till the end of the year.
15 February 2006 [09:25]
Azercell Telecom intends to open a customer service office in Ali Bayramli in May.
14 February 2006 [22:30]
As a result of the activities of UniBank in January 2006 its assets grew by 61% as compared January 2005, and comprised 69.14m AZN (345.7bn AzM).
14 February 2006 [22:25]
"PSA on Azeri-Chirag-Guneshli fields is applied only on the development of oil reserves of the field, while the vacant gas remained a topic of another agreement," said Natik Aliyev, the Azerbaijani Minister for Industry and Development.
14 February 2006 [22:10]
In the framework of the fourth sitting of the International Consulting Group of the Extracting Industry Transparency Initiative (EITI) to take place on 5 April in Baku the workshop or conference on transparency are scheduled to be organized, the EITI commission head, the chief of the State Oil Fund of Azerbaijan (SOFAR) Samir Sharifov said.
14 February 2006 [22:05]
"Europe looks for additional sources of gas delivery and the Azerbaijan's role in the process considerably grows. Azerbaijan will produce around 20bn cu m of gas by 2015," Natig Aliyev, the Industry and Energy Minister, said.
14 February 2006 [21:55]
Sitting of the working group on the energy cooperation of the Black Sea Economic Cooperation Organization (BSECO) member states started in Baku on Tuesday.
14 February 2006 [16:15]
"The Azerbaijani government spent around $800,000 on the work in the framework of the struggle with Bird flu," Ismayil Hassanov, the Head of the State Veterinary Service under the Agriculture Ministry, said on Tuesday.
14 February 2006 [15:10]
The first tanker with the Azerbaijani oil produced from the Azeri-Chirag-Guneshli fields will be delivered from the Turkish port Ceyhan in May 2006, Natik Aliyev, the Azerbaijani Minister of Industry and Energy, stated.
14 February 2006 [12:37]
The chief economist of the International Monetary Fund (IMF) statistics department Mig Silver will visit Azerbaijan on 28 February.
14 February 2006 [10:20]
Ministry of Communication and Information Technologies plans to raise a question in International GSM Association on illegal activity of "Karabakh Telecom" registered in Armenia on the occupied Azerbaijani territories.
14 February 2006 [09:25]
Next competition for selection of commercial banks for servicing the treasury will not be held earlier than the beginning of 2007.
14 February 2006 [09:15]
Taxes transferred to the budget in foreign currency will be used by the government for implementation of payments in currency.
14 February 2006 [09:10]
The Ministry of Taxes forecasts that tax revenue will increase by 46% in 2007.
14 February 2006 [08:45]
Several agreements in various economic realms are planned to be signed between Azerbaijan and Russia within the framework of the Russia-Azerbaijan economic forum to be held in Baku on February 22-25.
14 February 2006 [08:39]
The State Customs Committee (SCC) announced a tender on plumbing installation in the administrative building of the SCC Medical Service Office.
14 February 2006 [08:30]
The AZAL National Aviation Company has cancelled Baku-Delhi and Baku-Haleb flights since February 17 due to increase of price of TS-1 aviation fuel.
14 February 2006 [08:07]
Next meeting of the Working Groups on the Baku-Tbilisi-Akhalkalaki-Gars railway-construction project will be held in Turkey late in February.
14 February 2006 [07:50]
The government of Azerbaijan refused receiving two credit transfers in amount of $40 million from the World Bank (WB) under the Poverty Reduction Support Credit (PRSC) project.
14 February 2006 [07:48]
The government of Azerbaijan intends to introduce the mechanism for reduction of taxes by stages in the nearest future.
14 February 2006 [07:42]
Consumer goods amounting to AZN 426.5 million were sold to population of the country in January of the current year and it exceeds the same figure of the relevant month of 2005 by 12.3%.
13 February 2006 [15:05]
Azeri postal officials will attend a regular meeting of the Council of Postal Operators of the Regional Cooperation Organization to take place in the Latvian capital Riga on April 19-21.
13 February 2006 [15:00]
By the decision of the National Bank of Azerbaijan (NBA) the quotation rate of the Azerbaijan Mortgage Fund (AMF) on which it will allocate credit resources to authorized banks have been approved. It constitutes 6%.
13 February 2006 [14:59]
A seminar to prepare a transport sector development strategy will be held in Baku February 14-15.
13 February 2006 [13:38]
The Finance Ministry of Azerbaijan will submit a draft decree on approval the program on strengthening control for state funds expenditures to the presidential administration for signing by the President of Azerbaijan.
13 February 2006 [03:20]
The government of Azerbaijan intends to attract $1.2 billion of credit within the framework of the cooperation strategy with the World Bank (WB) for 2006-2009.
13 February 2006 [03:16]
The International Bank of Azerbaijan (IBA) intends to sell at least 250 thousand chip-cards to clients in 2006.
13 February 2006 [03:11]
The Azerbaijan Airlines State Company stopped Baku-Delhi and Baku-Karachi flights from yesterday.
13 February 2006 [03:02]
A meeting on the 6th anniversary of establishment of the Ministry of Taxes was held the day before yesterday.
12 February 2006 [15:59]
As of 1 January, 2006, credit investments in various sectors of economy, including past-due loans have totaled 7204.8 billion manats with natural persons getting 29.09% of them, National Bank's press-service reported.
12 February 2006 [15:38]
Finance Minister Avez Alekberov said that Azerbaijan would use its own funds to finance some projects.
11 February 2006 [22:17]
Ministry of Taxes is conducting an inspection in over 4000 establishments at present, Taxes Minister Fazil Mammadov told.
11 February 2006 [15:29]
Budget receipts of the State Oil Fund of Azerbaijan Republic (SOFAZ) made up 660 million manats in 2005 while budget outlays came to 233 million manats.
11 February 2006 [11:50]
It was said at a roundtable "Where are national information resources? Hosting state in Azerbaijan: problems and perspectives", held by non-governmental organization Internet Forum of Azerbaijan on Friday.
11 February 2006 [01:27]
Presentation of a harvester-thresher, purchased according to Agricultural Production Volumes' Raising in Azerbaijan Project in the framework of common grants' program of Japan government, took place at Meshadi Azizbekov experimental-testing plant of Azerbaijan Agricultural Ministry.
11 February 2006 [01:10]
The Azerbaijan oil will reach on 15 February the second pumping station, located in Pasinler, Erzerum area, Turkey, through the Baku-Tbilisi-Ceyhan oil pipeline.
10 February 2006 [18:11]
The Azerbaijan oil will reach the second pumping station, located in Pasinler, Erzerum area, Turkey, through the Baku-Tbilisi-Ceyhan oil pipeline, on February 15.
10 February 2006 [17:27]
The preparatory stage of the work under the Baku-Tbilisi-Akhalkalaki railway route. In the nearest future it is planned to set up direct actions over the construction of groundwork.
10 February 2006 [09:20]
Oracle, the biggest producer of corporative software in the world, holds Oracle Days in Azerbaijan. Business conference "Oracle Applications Day" and technological conference "Oracle Technology Day" are organized within this event under support of the Azerbaijani President's Administration on Thursday.
09 February 2006 [17:32]
"Oracle evaluates the IT market of Azerbaijan as attractive, the Oracle vice-president," said general director of Oracle CIS Boris Sherbakov said in a statement to journalists today.
09 February 2006 [11:31]
Fitch international rating agency has released a report called "Systemic risks in the banking sector".
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