Business
29 March 2006 [08:43]
Since 2002 IBA has been awarded with this prize 5 years running.
29 March 2006 [08:08]
$5 million credit agreement was signed between Bankgesellschaft Berlin of Germany and Republic Bank.
29 March 2006 [01:58]
In an attempt to preserve control over energy exports out of the Central Asia, Russia is taking a two-track approach to opposing the possible construction of Trans-Caspian Sea pipelines.
29 March 2006 [01:44]
Azerbaijan's energy minister revived calls Tuesday for a Caspian Sea pipeline to export natural gas westward from energy-rich Turkmenistan, saying it could be an alternative source for European countries wary of relying on Russian supplies.
28 March 2006 [23:02]
Ali Abbasov, the Communications and Information Technologies Minister, received Rino Harnish, the U.S. Ambassador to Azerbaijan, in relation to completion of his diplomatic tenure in the country.
28 March 2006 [22:37]
British Airways company has unveiled two-year program to drive down costs and strengthen customer service.
28 March 2006 [22:26]
State CapitalBank has signed a contract with the Indian company I-flex for the bank program delivery, the Bank's chairman, Rauf Rzayev inormed.
28 March 2006 [22:18]
The World Trade Organization (WTO) can render technical assistance in organization of the next meeting of the Organization of Islamic Conference tourism ministers in Baku, the Azerbaijani Culture and Tourism Ministry informs.
28 March 2006 [17:05]
UN Commission symposium on energy supplies consequential development, industry development, environment pollution and climate change started in Baku on March 28.
28 March 2006 [15:32]
Bulgaria wants to sign contracts with several countries - suppliers of natural gas to become an alternative to the Russian supplies, the head of the "Natural resources and concessions" department with the Economy and Energy Ministry said.
28 March 2006 [15:12]
"I have no doubts that Russia might increase the natural gas prices for CIS countries in future," Azerbaijani Minister of Industry and Energy, Natik Aliyev stated.
28 March 2006 [15:01]
Azerbaijan's economics ministry and Russian metals giant RusAl have started talks on the construction of an aluminum plant in the Caucasus republic, the economics minister said Tuesday.
28 March 2006 [13:18]
Azerbaijani Tariff Council's next meeting to discuss the problems of privatization, standardization, connection and customs fares will be held by the end of the week, Azerbaijani Minister of the Economic Development, Heydar Babayev announced.
28 March 2006 [13:13]
Advanced Micro Devices (AMD) has announced its official partner in Azerbaijan March 28.
28 March 2006 [09:27]
Abdulla Teymurlu, the Head of the EKA Dish Tijaret Ltd. Company headquartered in Turkey held a press-conference today on a scandal between his Company and UniBank Joint-Stock Commercial Bank (JSCB).
28 March 2006 [09:19]
The Ministry of Finance approved the work plan on inspections to be implemented by the end of the current year.
28 March 2006 [08:28]
The Commonwealth of Independent States (CIS) Statistical Committee announced latest rates on the volume of industrial production of CIS states for January.
28 March 2006 [08:21]
The BP Company opened a new Internet site to inform the public about the Azer-Chirag-Guneshli (ACG) and Shahdeniz Production Share Agreements, Baku-Tbilisi-Ceyhan (BTC) oil and Baku-Tbilisi-Erzurum (BTE) gas pipelines.
28 March 2006 [08:19]
International conference on "Small and medium entrepreneurship: reality and a look to the future" was held in Permanent Secretariat of the Organization of Black Sea Economic Cooperation (OBSEC).
27 March 2006 [17:54]
The president of the Barmek Azerbaijan Electricity Network Limited Liability Company (LLC) Huseyn Arabul appealed to the Ministry of National Security.
27 March 2006 [17:50]
A conference on the Bird Flu virus was held at the 21 Azerbaijani poultry factory, which is a member of the Republican Poultry Society.
27 March 2006 [17:47]
'Koroglu' oil–loading tanker, build by an order from Azerbaijan State Caspian Shipping (KASPAR) was launched by the Red Sormovo factory, part of the MNP group.
27 March 2006 [17:39]
SOCAR is planning to expand gasoline exports to Georgia up to 5.000 tons a week on the base of several contracts with the Georgian companies, after the catalytic cracking device will resume its work at the Oil Producing Factory from the April 1.
27 March 2006 [17:35]
GDP is forecasted to increase by 30% to AZN 16.3 billion in 2006 and by 31.3% to AZN 21.4 billion in 2007 in Azerbaijan.
27 March 2006 [17:32]
KFW, a German bank will allocate 2,550,000 euros for South Caucasus for the project in the establishment of a National Park Samur-Yalama, under the program on protection of eco-regional nature.
27 March 2006 [16:39]
Tax benefits might be introduced at the state level to develop certain sectors of economy and attract foreign investments to Azerbaijan, head of the Tax Ministry Chief Department on tax policy and strategic studies, Akif Musayev said.
27 March 2006 [16:34]
Azerenerji holds negotiations with international finance institutes on crediting of some important projects, particularly, projects on reforming of energy distribution structure.
27 March 2006 [13:54]
The form of the future cooperation between the International Monetary Fund and Azerbaijan has not been defined yet.
27 March 2006 [13:45]
"Small and medium business: reality and glance into future" international conference was held in Istanbul at the Organization of the Black sea Economic Cooperation (OBEC) permanent secretariat.
27 March 2006 [13:40]
From 20 through 24 March AZERI LT average price, sold by Azerbaijan in Novorossiysk port, was $62.86 per barrel or $0.85 per barrel down as compared to the previous week.
27 March 2006 [13:35]
A new platform can be built while production of vacant gas from the Azeri-Chirag-Gunashli (ACG) fields.
27 March 2006 [13:33]
Ganja car factory (GCF) signs new contracts with the Chinese businessmen.
27 March 2006 [03:18]
The State Committee on Management of the State Property (SCMSP) announced an investment competition to sell 98% (85% + 13, 8% of workforces) stocks of Baku Telegraph Open Joint-Stock Company (OJSC).
27 March 2006 [02:59]
Despite of increase in the price of gas delivered to Armenia, Russia will not sell weapons to this country at a discounted price.
27 March 2006 [02:30]
The next business forum with participation of Azerbaijan and Spain businessmen is planned to be held in September-October in Madrid.
27 March 2006 [02:22]
A meeting was held in Baku between Azerbaijan's and Russia's Transport Ministries representatives on automobile transportation.
26 March 2006 [22:02]
AIOC and SOCAR transported 4.34 million tonnes of oil through the Baku-Novorossiisk pipeline in 2005.
26 March 2006 [21:34]
Azerbaijani Ambassador to China held a press conference.
26 March 2006 [17:07]
Khazardenizneftgastikinti has won a tender announced by the BP to construct 12-km Georgian stretch of the South Caucasus export pipeline.
26 March 2006 [03:32]
The situation with Russian gas supplies to Armenia seems to be solved.
25 March 2006 [16:26]
Total net profit of bank credit organizations in Azerbaijan increased 46.5% in 2005 and reached AZN 57.04 million manats early this year.
25 March 2006 [16:00]
McDermott Caspian Contractors, inc. (MCCI) has held the first forum of the supplier companies.
25 March 2006 [10:24]
Documents concerning returning of population's savings banked in the USSR period are reviewed in the Executive Office of President.
25 March 2006 [10:04]
Specialists of the National Bank of Azerbaijan (NBA) prepared a bill on housing-savings banks.
25 March 2006 [09:33]
The institutions subordinated to the Ministry of Transport will submit their proposals on raising transportation tariffs to the Tariff Council.
25 March 2006 [09:19]
International microfinance conference will be held in Baku May 11-12.
25 March 2006 [00:10]
Abulfaz Garayev, the Azerbaijani Culture and Tourism Minister, will pay a visit to the United Arab Emirates on April 1.
24 March 2006 [23:49]
Approval of $750m credit for the State Oil Company of Azerbaijan (SOCAR) under the Azeri-Chirag-Gunashli (ACG) allows SOCAR restore its right for big volumes of profit in compliance with the PSA, Rovnag Abdullayev, the President of the SOCAR stated.
24 March 2006 [15:24]
Azerigaz will start suspending gas supplies to clients failing to pay for the services in March of this year, Azerigaz first vice chairman, Nazim Samedzade told.
24 March 2006 [13:36]
The leadership of the State Oil Company of Azerbaijan and Azneft PA made a resolution to expand deepwater platform 11, located in Shallow-water Gunashli, where the SOCAR lifts gas at own expense. It is planned to drill 6 gas wells with to total debit of 2 million cu m of gas of high pressure.
24 March 2006 [11:35]
Today officials of the National Bank of Azerbaijan (NBA) and Mortgage Fund (MF) held presentation of "Role of mortgage loans in improvement of living standards of population" report at a meeting of the economic policy standing committee of Milli Majlis.
24 March 2006 [10:56]
Delegation led by the Deputy Chief of the Near East and Central Asia Department of the International Monetary Fund (IMF) Vitaly Kromarenko will visit Baku April 12-18.
24 March 2006 [10:49]
Resumption of the Baku-Delhi flights by Indian airlines is impossible at the present moment.
24 March 2006 [10:35]
Major Dutch aluminum producer Fondel Metal Participations BV plans to file a plea against the Azerbaijan government with the investment disputes court in the Hague over what it calls the invalidation of its 25-year agreement with the company to run the country's aluminum assets.
24 March 2006 [10:25]
In January-February of the current year enterprises and physical persons operating in the transport sector of Azerbaijan transported 19.6 million tons (8.9% more in comparison with the relevant period of 2005) of cargo. 51.5% of cargo was transported by motor transport, 16.9% by pipelines, 21.1% by railway, 10.5% by maritime transport and share of the private sector in cargo traffic formed 54.4%. Cargo turnover in the transport sector increased by 16.7% and was 4.3 billion ton/km.
24 March 2006 [10:04]
Environment defense organizations, which were against construction of the Megri-Shvanidzor-Kapan highway through Shikaogsky reserve, have not kept their word, stated Armenian Transportation and Communication Minister Andranik Manukyan.
24 March 2006 [09:15]
Transmission of the power distribution networks from the Bayva Energy Management Centre to the Azerenergy Open Joint-Stock Company (OJSC) will be completed by the end of March.
24 March 2006 [09:11]
Memorandum of understanding was signed between the Bank Standard Close Joint-Stock Company (CJSC) and International Finance Corporation's Azerbaijan Leasing Development Project (ALDP).
24 March 2006 [09:09]
In January-February of the current year GDP (Gross Domestic Product) in amount of AZN 2228.9 million was produced in the country and it exceeds the same figure of the last year's relevant period by 48.1%.
23 March 2006 [15:56]
Azerbaijani-Spanish business forum was held in Baku March 23. It was the second business forum between Azerbaijani and Spanish entrepreneurs, the first one was held in Madrid in 2003.
23 March 2006 [13:39]
The Azerbaijani government is charged to cover all demands for agriculture products in the country, Azerbaijani President Ilham Aliyev, stated at opening ceremony of sugar factory in Imishli District.
23 March 2006 [12:16]
The Ministry of Foreign Affairs said the second session of the joint Azerbaijan-Switzerland intergovernmental commission for commercial and economic cooperation was held in Swiss capital, Bern.
23 March 2006 [10:17]
AZAL public affairs office stated that information that AZAL was included in the EU airliner blacklist because of being unsafe is false.
23 March 2006 [10:11]
The first business forum named "Tourism opportunities of Azerbaijan" will be held in the United Arab Emirates April 2-3.
23 March 2006 [09:39]
Ceremony of sugar mill opening will be held within the framework of the visit of the President Ilham Aliyev to Imishli and Ali Bayramli March 23.
23 March 2006 [09:34]
Ayshan Company sued the Defense Ministry and the State Vet Service under auspicious of the Ministry of Agriculture in connection with meat scandal.
23 March 2006 [09:02]
In January-February of the current year volume of income per capita increased by 17.1% in comparison with the same indicator of the relevant period of 2005 and formed AZN 188.9.
23 March 2006 [08:58]
Volume of savings of population in banks increased by AZN 87.4 million or 21.5% in comparison with the same period of the last year and amounted to AZN 494.1 million by February 1, 2006.
23 March 2006 [00:51]
Iran increased amount of energy supply to Azerbaijan, informed press office of Azerenergy Joint Stock Company.
23 March 2006 [00:43]
From 13 through 17 March AZERI LT average price, sold by Azerbaijan in Novorossiysk port, was $63.71 per barrel or $1.70 per barrel down as compared to the previous week.
23 March 2006 [00:35]
The Respublika Joint-Stock Bank brought the number of plastic cards issued so far up to 10 thousand.
23 March 2006 [00:33]
The Azerigasbank Joint-Stock Bank (JSB) intends to increase its authorized capital two times and bring it up to AZN 12 million.
23 March 2006 [00:06]
Installation work is now in the final stage.
23 March 2006 [00:02]
There are some facts of tax evasion by Barmek Azerbaijan, however, exact amount is still unknown, Taxes Minister Fazil Mammedov told journalists.
22 March 2006 [17:09]
Four more associates of Barmek-Azerbaijan Electricity Distribution LLC have been detained. Three officers of the company were detained March 17.
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