Business
21 April 2006 [14:35]
The State Oil Company (SOCAR) resumed installing the control – gauging devices in order to control the production process at the Azneft production facility.
21 April 2006 [13:31]
USD 1.4 milliard money was saved up to the state oil-fund. About USD 12 million was brought, using fond capitals during the first term.
21 April 2006 [10:44]
Interior Minister of Turkey Abdulgadir Aksu, who is on his visit to Azerbaijan, has met with TUSIAD members.
21 April 2006 [10:19]
After the authorities of the BAYVA electricity distribution company were transmitted to the Azerenergy Open Joint-Stock Company (OJSC), stock-taking of subscribers along with the local executive powers is continued.
21 April 2006 [10:17]
The export of Kazakh oil through BTC pipeline can commence already next year.
21 April 2006 [10:13]
Gazelli Company, the only cosmetics producer of Azerbaijan plans to export its products to European countries, including Spain and France soon.
21 April 2006 [10:12]
According to IMF forecasts, Azerbaijan will be in the lead among the CIS countries concerning rate of economic growth in 2006-2007, the republican Gross Domestic Product will increase correspondingly by 26.2% and 22.9%.
21 April 2006 [09:44]
96% of the works on the South Caucasus Pipeline (SCP) project have been implemented.
21 April 2006 [09:39]
5th Azerbaijan International Travel and Tourism Exhibition (AITF-2006) started in Baku yesterday.
21 April 2006 [09:00]
In January-February of the current year volume of cargo traffic in the Azerbaijani part of the Europe-Caucasus-Asia (TRACECA) transport corridor increased by 12.1% in comparison with the relevant period of the preceding year and was 7.4 mn tons.
21 April 2006 [08:57]
The Ministry of Taxes completed reception of profit and income tax returns.
21 April 2006 [08:18]
In January-March of the current year enterprises and physical persons operating in the transport sector of Azerbaijan transported 30.7 mn tons (10.7% more in comparison with the relevant period of 2005) of cargo.
20 April 2006 [22:35]
The State Oil Fund (SOFAR) incomes reached this year 221. 4m AZM and expenditures - 168.7m AZM. 209. 9m AZM came from the oil agreements, 207. 3m AZM - from profit oil sale, 2. 6m AZM from the oil transit payments via Baku - Supsa pipeline.
20 April 2006 [16:35]
Not all issues have yet been discussed on the inter-governmental agreement about joint oil transportation via Baku-Tbilisi-Ceyhan (BTC) pipeline.
20 April 2006 [14:35]
The Ministry of Tax finished receiving declarations on profit and income tax, news release of the Ministry of Tax says.
20 April 2006 [13:01]
Caspian Oil & Gas and 13th "Oil and Gas, Caspian Oil Processing and Chemistry" Exhibitions get enlarged by 20% in 2006.
20 April 2006 [12:00]
Turkey hosts the longest stretch of a new transnational pipeline that will carry oil from the Caspian Sea to the Mediterranean.
20 April 2006 [11:51]
The construction operations on Azerbaijan's major offshore Shahdaniz gas-condensate field within Stage-1 are almost complete.
20 April 2006 [09:40]
In January-March of the current year communication enterprises provided AZN 109.3 mn of communication services to legal and physical persons (or exceeding the analogous indicator of the last year's relevant period by 28.8%)
20 April 2006 [09:37]
Last year 1 million 177 thousand 277 foreign citizens visited Azerbaijan and 865 thousand 255 of them traveled to the country as tourists.
20 April 2006 [09:26]
The 5th Anniversary Azerbaijan International Travel and Tourism Exhibition (AITF-2006) is starts in Baku on Thursday.
20 April 2006 [08:58]
By March 1 of the current year, volume of loans supplied in Azerbaijan by financial-credit organizations grew by 32.8% in comparison with the same period of the preceding year and made up AZN 1,352.2m.
20 April 2006 [08:56]
Competition Committee at the Ministry has already started admitting articles and television topics.
20 April 2006 [08:54]
The Interior Minister of Turkey Abdulkadir Aksu will have a meeting in TUSIAD during his official visit to Azerbaijan.
20 April 2006 [08:53]
The famous Hilton International hotel of Great Britain will build its new hotel in Azerbaijan in the nearest future.
20 April 2006 [08:49]
The United States - Azerbaijan Chamber of Commerce (USACC) will hold 6th Business and Investment Conference "U.S. - Azerbaijan Strategic Relations: Political and Commercial Priorities" in Washington April 27.
20 April 2006 [08:44]
This year new events are expected to take place in the field of tourism between Azerbaijan and Russia.
20 April 2006 [08:30]
The health mission of the World Bank (WB) came on a visit to Azerbaijan.
20 April 2006 [08:28]
Functions of Construction and Architecture Committee related to building are in the responsibility of Ministry for Emergencies.
20 April 2006 [08:20]
Next meeting of the Railway Transport Council of the CIS and Baltic countries will be held in Novemeber of 2006.
20 April 2006 [08:10]
The bill "On Banks" is expected to the discussed by the standing committee for economic policy of Milli Majlis next week.
19 April 2006 [22:51]
As of preliminary estimations, the cost of the construction of the Baku-Tbilisi-Ceyhan (BTC) grew 30% as compared to its initial budget set as $2.95bn at the moment of sanctioning.
19 April 2006 [15:44]
Kazakh delegation headed by the PM, Daniel Akhmedov will take part in the Economic Cooperation Organization (ECO) summit May 4-5 in Baku, the Kazakh Embassy's in Baku advisor, Erjan Mukash infotms.
19 April 2006 [14:41]
The International Insurance Company (IIC) is launching new project on car insurance with respect to expand the client-base.
19 April 2006 [12:50]
Starting this summer, a new $4 billion pipeline is expected to begin pumping crude oil from the former Soviet Republic of Azerbaijan to a Turkish port on the Mediterranean Sea.
19 April 2006 [10:41]
Today press-conference on the results of the visit of the Head of the Central Asia and East Department of the International Monetary Fund (IMF) Vitali Kramarenko to Azerbaijan was held.
19 April 2006 [10:02]
"Barmek Azerbaijan Electricity Network" LTD president Huseyn Arabul has forwarded written appeal to Azerbaijani Government with regard to problems he has faced during the check-ups.
19 April 2006 [09:55]
Meeting between Turkish Council for Foreign Economic Relations (TCFER) and Turkish businessmen was held in the Turkish Industrialists' and Businessmen's Association (TUSIAD) yesterday.
19 April 2006 [09:06]
The Court of Economy today reviewed the suit brought by the Barmek Azerbaijan Electricity Network Limited Liability Company (LLC) against the Ministry of Taxes.
19 April 2006 [08:54]
Food products made in Armenia, which were brought to Azerbaijan from Vladimir province of Russia was prevented in Samur border checkpoint.
19 April 2006 [08:37]
In II quarter of the current year, the Bank Standard Close Joint-Stock Company (CJSC) intends to increase its authorized capital by 50% to AZN 15 million.
19 April 2006 [08:20]
Delegation led by the Chair of the Chamber of Account of Ukraine Valentin Simonenko will visit Azerbaijan May 3-7.
19 April 2006 [08:11]
Agreement of allocation of $34 thousand grant was signed between the World Bank Baku Office and Azerbaijan Community Development Researches, Training and Resource Centre (ACDRTRC).
18 April 2006 [13:52]
His Excellency, Ilham Aliyev, President of the Republic of Azerbaijan, plans to open this major event which will feature exceptional access to a wide range of senior government officials and business leaders from both the U.S. and Azerbaijan.
18 April 2006 [13:44]
The World Bank mission headed by the agriculture expert, Frauke Youngblood will continue evaluating the second phase of the adapted program of development and crediting of agriculture in Azerbaijan.
18 April 2006 [12:36]
The draft intergovernmental agreement on the transportation of Kazakh oil by the Baku-Tbilisi-Ceyhan (BTC) pipeline will be finalised by the second decade of May.
18 April 2006 [12:31]
Azerbaijan's state statistics agency said Monday the country's GDP had risen 39.5% in the first three months of 2006 against the same period last year, to about $3.545 billion.
18 April 2006 [12:26]
Vitol has won a tender called by Azeri state oil company SOCAR for the fifth consignment of Azeri Light crude oil produced at Azerbaijan's Azeri-Chirag-Gunashli (ACG) fields this year.
18 April 2006 [11:36]
The tiny former Soviet Republic of Azerbaijan is on the verge of an oil boom.
18 April 2006 [10:59]
April 17 the Chairman of the State Customs Committee (SCC) Aydin Aliyev received the mission of the International Monetary Fund (IMF).
18 April 2006 [10:29]
"Bank Standard" CJSC is holding a new prize winning action for its clients.
18 April 2006 [10:04]
Press-conference dedicated to the results of the financial activity of the Bank Standard Close Joint-Stock Company (CJSC) in January-March of 2006 was held in the Bank's Head Office yesterday.
18 April 2006 [09:46]
The Azerbaijan Microfinance Association (AMFA) started examination of transparency in activity of microfinance organizations under the Comparative Analysis Project.
18 April 2006 [09:32]
Volume of insurance premiums collected by the AtaInsurance Company in January-March of the current year totaled AZN 859.207 thousand and it exceeds the same indicator of the last year's relevant period by 92.5%.
18 April 2006 [09:02]
By April 1 of the current year, over 17380 income and profit tax returns were submitted to the Ministry of Taxes by physical and legal persons.
18 April 2006 [08:47]
The Ministry of Taxes is preparing new changes to the Tax Code on reduction of indirect tax rates.
18 April 2006 [08:30]
The National Bank of Azerbaijan (NBA) and Ministry of Taxes prepared joint action plan on installation of POS machines in large store and service units of the republic.
18 April 2006 [08:13]
The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) applied to the Swiss government for Azerbaijan's admission to SIPP (Swiss Investment Promotion Programmer).
17 April 2006 [22:45]
The Azerbaijani President, Ilham Aliyev has defined composition of the Azerbaijani team for Azerbaijani-Polish commission on economic cooperation.
17 April 2006 [14:31]
The oil extraction has increased on 72 tons at the onshore Muradkhanli field as a result of 13 technical operations implemented by the Azneft production association, SOCAR informs.
17 April 2006 [13:02]
The International Bank of Azerbaijan expands its partnership abroad.
16 April 2006 [22:02]
As compared to the same period last year, the shipping operations in the Azerbaijani seaports increased by 8.8% in January-March 2006 to 1.8 million tons.
16 April 2006 [21:58]
Chairman of the National Bank's Board Elman Rustamov with the IMF delegation led by head of the Middle East and Central Asia Department V. Kramarenko.
16 April 2006 [21:52]
Great Britain ITE Group plc and its partner in the Caucasus Iteca Caspian will organize the 5th Azerbaijan International Tourism Fair at the Heydar Aliyev Sport and Concert Complex April 20.
16 April 2006 [21:47]
15 April 2006 [16:00]
Many issues will be discussed at the Economic Cooperation Organization (ECO) summit in Baku, the President's Office Foreign Affairs Head, Novruz Mammedov stated.
15 April 2006 [10:57]
The President of the Barmek Azerbaijan Electricity Network Limited Liability Company (LLC) Huseyn Arabul was not permitted to leave Azerbaijan yesterday morning.
15 April 2006 [10:51]
More than half of state privatization cheques are still in circulation. According to the Chair of the State Committee for State Property Management Kerem Hesenov informing journalists about it, cheques will be used by January 1, 2008: "Several strategic enterprises are planned to be privatized with cheques. Those enterprises include communication, air transport, water transport machine-building, chemical industry, oil machine-building enterprises."
15 April 2006 [10:46]
The visit of the Word Bank's senior economists on South Caucasus Christian Petersen and Kristos Kostopulos, director of poverty reduction and economic management sector on Europe and Central Asia Sherol Gray was prolonged for one more week.
15 April 2006 [10:19]
Evaluation works implemented by advisory companies on privatization of the state share in the Joint Venture (JV) Azercell completed.
15 April 2006 [09:53]
The President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev met with the delegation led by the Korean Ambassador to our country Mun Hayong.
15 April 2006 [09:38]
"After privatization of state enterprises, problems like changing their profiles and construction of many-stored buildings occur. Because that establishment transmits to property of any company, we have to carefully treat this issue. That is why a project on implementation of the investment controlling mechanism in the post-privatization period is being developed."
15 April 2006 [08:55]
In January-March of the current year, the State Social Protection Fund (SSPF) utilized AZN 113.235 million for funding of pensions and allowances.
15 April 2006 [08:51]
Ali Bayramli branch of the Finca Azerbaijan non-bank credit organization started its activity.
15 April 2006 [08:46]
The Convention on International Trade in Endangered Species of Wild Flora and Fauna (CITES) approved at its meeting held the other day the quota of caviar exportation of Iran not being more than 45 thousand tons a year.
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