Business
31 January 2006 [04:49]
The leading economist of the World Bank (WB) on Southern Caucasus Christian Petersen started negotiations with the government of Azerbaijan on the project "Strategy for cooperation with the country".
31 January 2006 [04:45]
Assets of the "Respublika" Joint-Stock Commercial Bank (JSCB) increased by 97.5% during the past year and totaled AZM 291.4 billion (AZN 58.3 million) by January 1, 2006.
31 January 2006 [04:13]
The Trade Chamber of France is expected to start its activity in Azerbaijan soon. Registration documents of this Chamber consisting of French organizations operating in our country or participating in projects implemented in the republic are currently examined in the Ministry of Justice.
31 January 2006 [03:50]
A delegation led by chair of the Accounts Chamber Namig Nasrullayev will visit Kuwait within the first half of March.
31 January 2006 [03:47]
The Caspian Shipping Company (CSC) intends to restore the voyage in the route of Baku-Lenkeran this year.
31 January 2006 [03:41]
Total volume of insurance premiums collected by the Bashak Inam Azerbaijan-Turkey Insurance Company during 2005 totaled AZM 10.651 billion and it exceeds the previous year figure by 1.6%.
31 January 2006 [03:39]
Electricity supply of Baku city and north regions of the country has been mainly resumed since yesterday. The Barmek Azerbaijan Limited Liability Company (LLC) supplies the territories controlled by them in 95% level at the present moment.
31 January 2006 [03:35]
Approximately $150 million is required for construction of a new line from the "Azizbayov" station of the Baku Metro to the Heydar Aliyev International Airport.
31 January 2006 [03:31]
The Azerkimya State Company (SC) prepared a project of a new program on starting manufacturing of new produce in the enterprises included in its structure.
31 January 2006 [03:26]
The administration of the Azerbaijan State Railway Office (ASRO) will attend the 43rd meeting of the Railway Transport Council of the CIS and Baltic countries to be held in Vilnius in March this year.
30 January 2006 [16:22]
"GRBS" company together with "TRIZ CHANCE" consulting company will organize a training course on "Advertising Campaigns and Public Relations Actions" at the Baku Business Center on February 9-11.
30 January 2006 [15:40]
Minister of Communications and Information Technologies (CIT) Ali Abbasov left for Lisbon due to the invitation of the Portugal government and the Microsoft Corporation management.
30 January 2006 [13:21]
Georgia started on 29 January admission of Iranian gas via the territory of Azerbaijan in the volume of approximately 93,000 cu m of gas an hour (over 2.2 million cu m a day).
28 January 2006 [11:12]
Experts of the Central Asia Microfinance Alliance will hold trainings for the members of the supervisory boards of the member-organizations included in the Azerbaijan Microfinance Association (AMFA) on February 15-16.
28 January 2006 [10:41]
The energy mission of the World Bank (WB) led by the WB leading specialist Bjorn Hamson came to Baku yesterday.
28 January 2006 [10:31]
Balance sheet profit of "Bank of Baku" OJSC on 2005 formed AZM14.8 billion and it exceeds the previous year figure by 3.6 times.
28 January 2006 [10:25]
The Ministry of Transport achieved an initial agreement with several international financial organizations on funding reconstruction of the Baku-Georgia highway at length of 503 kilometers.
28 January 2006 [10:20]
The Heydar Aliyev Baku Petroleum Refinery is open for procurement of chemical reagents at the expense of its own means.
28 January 2006 [10:15]
UniBank Commercial Bank implemented operations with securities in volume of AZM289.8 billion during the past year and it exceeds the previous year figure by more than 4 times.
28 January 2006 [09:35]
XXI meeting of Directors General of the Organization for Cooperation of Railways (OCR) will be held in Baku on April 24-28.
28 January 2006 [09:30]
The Caspian Shipping Company (CSC) begins exploitation of the "Gara Garayev" ferry in the route of Baku-Astrakhan on January 28.
28 January 2006 [09:13]
The International Finance Cooperation Azerbaijan Corporate Governance Project (ACGP) has selected its first pilot company - Azerigazbank Open Joint Stock Company.
27 January 2006 [17:04]
Azerbaijani government is going to pay back for savings of citizens put in banks in Soviet period less than a US dollar per each Soviet ruble. Working group on the preparation for return of the savings held its last meeting on January 25.
27 January 2006 [14:40]
Azerenergy Joint Stock Company has transported over 4 million KW/h of electricity to Georgia since 22 January 2005.
27 January 2006 [04:21]
An open tender is held for procurement of 50 thousand tons of carbonate rock used by the Organic Synthesis plant of the Azerkimya State Company in production.
27 January 2006 [04:11]
Total volume of credits granted by finance-credit organizations operating in Azerbaijan formed AZN 1358.5 million as of December 1, 2005 and this exceeds the previous year figure by 46.6%.
27 January 2006 [03:58]
Buildings of over 100 post-offices will be constructed and about 50 post-offices in Azerbaijan will be re-constructed this year.
27 January 2006 [03:54]
The Energy Minister of Georgia Niko Gilauri and president of the International Gas Corporation of Georgia David Ingorokva discussed perspectives of delivery of Iranian gas to Georgia through the territory of Azerbaijan in the meeting with the Minister of Industry and Energy Natig Aliyev held in Baku last day.
27 January 2006 [03:36]
Shortage of electric energy in the energy system of the Republic amounts to 400 megawatts at present.
27 January 2006 [03:28]
Consumer goods and services amounting to AZN 5582.9 million or 15.2% more than the indicator of the past year were sold and rendered to population in the consumer marker of the republic last year.
27 January 2006 [03:04]
Social inspectors of the Ministry of Labor and Social Protection of Population will hold inspections for finding out whether persons to receive earmarked social assistances hide their incomes or not.
27 January 2006 [02:51]
The marketing questionnaire announced by the SOCAR Marketing and Economic Operations Office (MEOO) ended today.
27 January 2006 [02:39]
The Catel Azerbaijan-U.S. Joint Enterprise (JE), which is the CDMA first operator in Azerbaijan plans to expand its network in the north, west and south directions of the country this year.
27 January 2006 [02:23]
Cargo traffic increased by 9.2%, cargo turnover by 13.5%, passenger traffic by 4.8% and passenger turnover by 6.8% in the transport sector of the republic over the last year. Cargo traffic increased by 26.8% in railway transport, by 6.6% in motor transport, by 2.1% by means pipeline transporting, and by 3.6% in sea transport in the reporting year.
27 January 2006 [01:53]
Oil and Gas Production Unit (OGPU) named after H.Z.Taghiyev extracted 62.896 thousand tons of oil against 61.5 thousand tons of oil stipulated in the forecast and fulfilled the forecast 102.3%.
27 January 2006 [01:47]
Enterprises operating in the communications sector of the republic provided subscribers with communications services totaling AZN 437.2 million or exceeding the 2004 figure by 36%.
27 January 2006 [01:37]
Oil and oil products transportation by means of main oil pipelines increased by 0.9% to 11.7 million tons and gas transportation by means of main gas pipelines increased by 4.4% to 9.5 billion cubic meters over the past year.
27 January 2006 [01:35]
41.5 million tons or cargo amounting to 36% of all cargo traffic realized in the transport sector of the country were transported through the Azerbaijani part of the Europe-Caucasus-Asia transport corridor in January-November of the past year.
26 January 2006 [14:55]
The arbitration was held in Sweden and is binding on the parties under the rules of UNCITRAL, the United Nations Commission on International Trade Law.
26 January 2006 [05:50]
The third cellular operator Azerfon to launch its operation in the country began establishing its networks in regions.
26 January 2006 [05:03]
The UniBank Commercial Bank (CB) increased its assets by 57% to AZM 330 billion over 2005.
26 January 2006 [04:57]
Pursuant to the "Rules for registration of contracts (decisions) on receiving (giving) grants" approved by a presidential decree dated February 12, 2004, 7 legal entities appealed to the Ministry of Economic Development for registration of contracts in 2005.
26 January 2006 [04:26]
"McDermott" and "Boss Shelf" companies have stopped their activities till unknown time because of the weather condition in the Republic.
26 January 2006 [04:23]
The incomes and expenses of the Caspian Shipping Company (CSC) for 2006 are forecasted to form AZN 110.7 million and AZN 118 million, respectively.
26 January 2006 [04:19]
Most of new residential buildings currently being constructed in the territory of the republic can be not subjected to mortgage lending implementation of which will start soon.
26 January 2006 [04:14]
157 wells of the Oil and Gas Production Unit (OGPU) named after H.Z.Taghiyev having the exploitation stock of 348 wells are included in the producing well stock and 189 wells in the inactive well stock; 2 wells are included in the stock of wells under test.
26 January 2006 [03:48]
The incomes of the State Social Protection Fund (SSPF) amounted to AZM 501.22 million manats in 2005 and this exceeds the analogous figure of the same period of the previous year by 19.9%.
26 January 2006 [03:36]
Two more bank organizations operating in Azerbaijan – Atrabank and Azerbaijan Microfinance Bank were admitted to the Visa International payment system as the associated members.
26 January 2006 [03:19]
The State Committee for Securities (SCS) registered emission prospectus of short-term notes of the National Bank of Azerbaijan (NBA) for 2006.
26 January 2006 [03:09]
Happenings in Azerbaijan are not related to the existing agreements between Azpetrol and Moldova and work is continuously implemented in the Jurjulesht petroleum terminal bought by the company.
26 January 2006 [03:08]
The Ministry of Taxes prepared new methodic directions for registration of entrepreneurs as VAT payers in tax authorities.
26 January 2006 [03:05]
A regular auction on placement of T-bills with the state registration number 10200313S of the Ministry of Finance was held in the Baku Stock Exchange (BSE).
26 January 2006 [02:55]
The SOCAR Marketing and Economic Operations Office (MEOO) will begin preparing its financial reports on the basis of the International Financial Reporting Standards from 2008.
26 January 2006 [02:46]
Although the accident happened in the Mozdok-Tbilisi gas pipeline was removed yesterday, Azerbaijan continues supplying gas to Georgia.
26 January 2006 [02:33]
The U.S. Exxon Mobil Corporation will pay SOCAR $50 million of compensation in tote because of refusing drilling the second exploratory well in the "Nakhchivan" and "Zefer-Meshel" prospective structures.
25 January 2006 [14:26]
LUKOIL opened a major multilayer oil and gas condensate field in the Severny licensed area, in the northern part of the Caspian sea.
25 January 2006 [01:44]
The SOCAR Marketing and Economic Operations Office announced a tender on selling of a regular consignment of 140 thousand tons of "Urals" marked crude oil belonging to Azerbaijan.
25 January 2006 [01:43]
The International Bank of Azerbaijan can install over 20 thousand POS-terminals in the territory of the country and provide their maintenance.
25 January 2006 [01:39]
The SOCAR Marketing and Economic Operations Office (MEOO) announced a tender on selling of a regular consignment of "Azeri Light" marked profit oil belonging to Azerbaijan.
25 January 2006 [01:34]
Produce and services amounting to AZM1.35 trillion were produced and provided in the main fields of economy on Sumgait city during the last year.
25 January 2006 [01:31]
All post-offices operating in the territory of the Republic will begin providing banking-financial services from the next year under the project "Development of financial services" implemented by the World Bank (WB) in Azerbaijan.
25 January 2006 [01:23]
A problem arisen in connection with not selling of produces manufactured in the Ethylene-Polyethylene plant of the Azerkimya State Company (SC) has not been analyzed by the Ministry of Industry and Energy yet.
25 January 2006 [01:19]
Delivery of electric energy and gas to Georgia does not create any problem in supply of industry and population of Azerbaijan.
25 January 2006 [01:12]
Azercell Telecom Joint Enterprise signed roaming contracts with the "Celtel" cellular operator of Gabon and "Celcom" operator of Liberia.
25 January 2006 [01:09]
"Barmek Azerbaijan Electric Network" LLC has concluded contracts with 111 thousand 776 subscribers so far.
24 January 2006 [22:23]
"Internet provider Azeronline Ltd intends to recall the lawsuit in regard to the Communications and Information technologies Ministry and the Department for Antimonopoly Policy of the Economic Development Ministry," told Elchin Aghakishiyev, the Director of the Company.
24 January 2006 [22:18]
State Oil Fund of Azerbaijan (SOFAZ) completed tender procedures which started on September 16, 2005 for the selection of a global custodian bank.
24 January 2006 [18:51]
This gas for own needs of the country only, but not for delivery to third side.
24 January 2006 [18:35]
"From 2001 to 2005 the total sum, concealed from payment of VAT, comprised around 17trln manats," Natig Amirov, the deputy Taxes Minister, said to a news conference dedicated to changes included into the Tax Code in relation to registration of VAT.
24 January 2006 [16:18]
Fitch Ratings affirmed Tuesday Azerbaijan's foreign and local currency issuer default ratings at "BB" with a stable outlook, along with the same rating for the country ceiling.
24 January 2006 [15:58]
The Shahdeniz 2006 capital expenditure budget is $865 million.
24 January 2006 [15:08]
The issues of the gas supplies from Azerbaijan to Georgia in the volume of 3-4 million cubic meters daily have been discussed during the visit of the Georgian government delegation to Baku.
24 January 2006 [05:50]
An agreement on export of one part of Kazakhstan's oil to the world market by means of the Baku-Tbilisi-Ceyhan (BTC) pipeline is expected to be signed by the governments of Azerbaijan and Kazakhstan in these days.
24 January 2006 [05:35]
The State Committee for Securities (SCS) registered emission prospectus of T-bills for 2006.
24 January 2006 [05:33]
The Azinvestbank Commercial bank (CB) changed its organizational-juridical form and name and will be called "Eurobank" OJSC from this moment on.
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