Business
25 October 2005 [19:09]
From 17 to 21 October URAL(EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $53.38 per barrel or dropped $1.70 barrel as compared the last week.
25 October 2005 [17:20]
The price for AZERI LT CIF on 21 October was $57.90 per barrel (dropped $0.29 per barrel as compared to the previous price).
25 October 2005 [14:33]
State Oil Company of Azerbaijan started drilling a new well on the “Govsan” oil field with a designed depth of 3700 meters. About 200 meters have been drilled alreadyby the moment. The daily average drilling speed is 50 meters.
25 October 2005 [14:23]
The “Shah Ismayil” tanker has already reached Baku. It is the third, tanker under a project 19619. Shah Ismayil Khatai was built at the Krasnoye Sormovo shipyard, in the regional city of Nizhniy Novgorod, Russia.
25 October 2005 [13:16]
“The request made to the Cabinet of Ministers by “Bayva Energy” Management Center on canceling its contract has not been replied yet”, said the chief of press and law service of “Bayva” Tahir Alirzayev.
24 October 2005 [18:39]
Internet Service Providers of Azerbaijan, declaring on October 20 a complete blockade of addresses belonging to Azeronline and stopping e-mail exchange with Azeronline, decided temporarily to stop it due to November 6 elections. They also announced an ultimatum to Azeronline promising to continue the blockade if Azeronline does not change its policy.
24 October 2005 [15:29]
“Over the last nine months Azeriqazbank (AGBank) reached considerable increase of financial outputs,” says a press release of the bank. The assets of AGBank grew 69.8 billions manats and comprised 262.7 billions.
24 October 2005 [13:48]
The French government has voiced its readiness to finance a purchase of an equipment for airports in Ganja and Nakhchivan through approval of a loan for purchase of navigation devices.
24 October 2005 [13:45]
Azerbaijan agreed with the proposal of Egypt on opening of new flight between two countries. The aggrement was achieved as a result of repeated meetings of Yusif Ahmad Al-Sharkavi, the Egyptian Ambassador to Azerbaijan, with the head of AZAL Air Lines Company.
24 October 2005 [11:31]
“Azerbaijan soon will turn into a rich country,” Samir Sharifov, the Executive Director of the State Oil Fund of Azerbaijan (SOFAR), said during the meeting of the Consultative Commission of the Extractive Industry Transparency Initiatives (EITI) recently held in Washington.
22 October 2005 [14:54]
Azerbaijan and Kazakhstan are about to sign an agreement on Kazakhstan pumping its oil through the Baku-Tbilisi-Ceyhan pipeline.
22 October 2005 [13:42]
“The expenses envisaged in the public budget for 2006 were increased on some spheres,” said Avaz Alakbarov, the Finance Minister on the Parliament’s Friday meeting.
22 October 2005 [13:33]
The process of installing new electric-meters in apartments and houses of Ganja inhibitants is implemented on 70 percents.
22 October 2005 [00:56]
This information was spread on October 20 in the press release of the Project of Leasing Development in Azerbaijan, implemented by International Finance Corporation (IFC – a group of World Bank)
22 October 2005 [00:27]
20.10.2005. BAKU. XI International Telecommunication and Information Technologies Exhibition will be held in Baku on October 26-29.
22 October 2005 [00:17]
The government of Azerbaijan plans to sign an agreement on Alat-Astara highway project with the International Bank of Reconstruction and Development (IBRD) and the Asian Development Bank in 2005. Azerbaijan plans to bore around $300millions from the World Bank (WB) and $100millions from the ADB.
21 October 2005 [18:33]
Azpetrol rejects incorrect press reports stating that the Company's bank accounts have been frozen.
21 October 2005 [17:04]
Azerbaijan is going to participate in the XI Packaging Industry exhibition that will take place in TUYAP Istanbul Exhibition Center on November 9-13.
21 October 2005 [12:11]
Today general director of the BTC Company and the head of the State Oil Company of Azerbaijan Republic [SOCAR] announced that the BTC Co. will not delay the oil shipment.
20 October 2005 [20:26]
Azerbaijan is going to be represented at "World Travel Market" exhibition in London and "The First Tourist Exhibiton of the Countries of the Organization of Islamic Conference" in Istanbul
20 October 2005 [11:39]
David Woodward, the head of BP-Azerbaijan explains that delay was caused by construction difficulties in Turkey. However BP-Azerbaijan plans to catch up with the schedule.
19 October 2005 [21:10]
Chairman of the State Social Security Fund provides financial forecast at the October 19 session of the Parliament.
19 October 2005 [17:50]
Transparency International published its Corruption Index for the year 2005
19 October 2005 [17:37]
Russian and Azeri businessmen are going to meet in St. Petersburg on November 14-16 and discuss ways of mutual cooperation in tourism sector.
19 October 2005 [15:42]
The President of Azpetrol Company Rafig Aliyev is arrested by the Ministry of National Security
19 October 2005 [10:46]
National Parliament meets on October 18, the Day of National Independence, to discuss the project of a budget for the year 2006
19 October 2005 [01:37]
"Barmek Azerbaijan" deducts debts of the first category consumers and SOCAR from the amount to be paid to Azerenerji JSC
18 October 2005 [21:25]
18 October 2005 [21:02]
In the period January-November Socar will sell less than it did last year in the same period.
18 October 2005 [14:17]
11th Azerbaijan International Exhibition "Construction and Interiors, Heating and Ventilation" opening on October 19 will include new sectors and 180 participant companies.
18 October 2005 [10:07]
Figures provided by Trend news agency show steady growth in the economy
08 October 2005 [13:59]
Press conference dedicated to the results of the international meeting “1st Baku meeting for Eurasian Businessmen’s Union” was held in “Excelsior” hotel yesterday.
08 October 2005 [13:54]
The bill “On the state budget of 2006” was discussed with participation of the Economic policy, Agrarian policy, Science and education, Law policy and state construction questions, Social policy and other commissions of Milli Majlis yesterday.
08 October 2005 [13:50]
The book entitled “The question of pipe. Baku-Tbilisi-Ceyhan and Kazakhstan’s choice in the Caspian Sea” written by Political scientist Ilya Zaslavski was presented in Moscow.
08 October 2005 [12:04]
International conference on “Privatization and its impact on capital markets development” will take place in Baku on 11 October.
05 October 2005 [09:44]
“If the Appellation and Supreme Courts do not satisfy our complaint, the “Garadagh Cement” Open Joint-Stock Company (OJSC) will take the Ministry of Taxes (MT) to the International Court for the purpose of protecting its rights”.
05 October 2005 [09:26]
“There are local pollutions creating a radioactive source in the Apsheron peninsula. However, these local pollutions create low radiation and that is why don’t affect in the general norm”.
05 October 2005 [08:55]
Azerbaijan should not be either hasty or slow at the consultations to join the World Trade Organization (WTO), deputy Foreign Minister of Azerbaijan Mahmud Mammadkuliyev told Trend.
05 October 2005 [08:41]
“There are serious problems in the building sector of Azerbaijan. If a weak earthquake happens in the country, most of newly constructed buildings will tumble down”.
05 October 2005 [08:40]
An action plan on development of tourism in Azerbaijan, developed by the US experts with financial support from the Department of State will be submitted to the President shortly.
05 October 2005 [08:35]
New direct air flight may be opened between Baku and Sofia soon.
29 September 2005 [10:09]
The neighbor country still does not authorize the sailing of Azerbaijan’s ships in the interior waters of Russia.
29 September 2005 [09:49]
Pensions will be increased next year.
29 September 2005 [08:42]
The first party of social insurance certificates to be given to citizens working in Azerbaijan was already brought.
29 September 2005 [08:08]
From January to August 2005, 368336,3 million AZM (over $80 million) were invested in the Nakhchevan Autonomous Republic (NAR), which is for 48,5% more of the same period of 2004. From this amount 311964,4 million AZM (about $68 million) were invested in constructing and mounting works, the growth made up 33,4%.
23 September 2005 [10:06]
The decrease of international humanitarian aid to refugees and internally displaced persons continue parallel with the enrichment of the country.
23 September 2005 [09:21]
The batch of the Azeri Light oil was delivered in the first ten days of September to the Turkish port of Ceyhan from the Georgian Black Sea port Supsa for testing the terminal and filling up the part of the oil pipeline Baku-Tbilisi-Ceyhan.
23 September 2005 [09:11]
The “Huawei” company acting on marketing and analysis researches of the telecommunication market in Azerbaijan since 2001 began installation of the new equipments in “Aztelecom” and Baku Telephone Communication production unions for implementation of application of the new CDMA technologies.
23 September 2005 [08:54]
“Bank of Baku” has begun serving in the frame of the TRAVELEX urgent money transfer international system since September 20.
23 September 2005 [08:43]
(ITAR-TASS) – Azerbaijan is an indisputable leader in CIS for the economic growth pace.
23 September 2005 [08:40]
Delegation composed of Azerbaijani deputies, intellectuals and cultural figures will visit the Turkish Republic of North Cyprus (TRNC) in early October.
23 September 2005 [08:38]
The Open Joint Stock Company (OJSC) Garadagh Cement refuses temporarily from implementation of its investment program.
20 September 2005 [12:07]
The balance profits of 72.9% of enterprises and organizations of Azerbaijan made up 4480.1 bn manats in the first half-year of 2005.
20 September 2005 [11:42]
After studies conducted a number of foreign companies refused from the project on rehabilitation and development of the of the off-shore oil-field “Pirallahi”, which is currently operated by the State Oil Company of Azerbaijan (SOCAR).
20 September 2005 [11:23]
The Azerbaijani government held an irregular meeting in early hours of Monday to lift the crisis which broke out on 17 September as a result of irregular fall in the rates of US dollar in regard to Azerbaijani manat.
20 September 2005 [11:15]
(Novosti-Ukraine) – The tenth session of the GUAM Council of Foreign Misters in New York under the UN Summit 2005.
16 September 2005 [10:26]
iBurst technology allows to do it without any problem.
14 September 2005 [09:43]
Some foreign companies are in consultations with the State Oil Company of Azerbaijan (SOCAR) on the prospective development of onshore and offshore fields of the country.
14 September 2005 [09:06]
The American McDermott launched construction this week of the underwater pipeline in the framework of the «Stage-1» of the project on development of the gas condensate deposit «Shakh- Deniz” in the Azerbaijani sector of the Caspian Sea. McDermott (a BP contractor) started constructing the pipeline for pumping the gas condensate from “Shakh-Deniz”.
13 September 2005 [10:09]
Since the start of the year the cotton yield in the regions of Azerbaijan was 44 657 tons.
13 September 2005 [10:02]
During the first 16 years of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline operation Turkey expects to receive up to $200 million direct revenues along with the indirect ones, the official site of the Turkish Botas company, engaged in the BTC construction on it’s country’s territory says.
13 September 2005 [09:51]
Plants will also be insured in Azerbaijan.
13 September 2005 [09:00]
A delegation of government and commercial representatives from the U.S. state of Oklahoma is visiting Baku from September 11 to September 16, 2005.
13 September 2005 [08:41]
The Ministry of Communications and Information Technologies (MCIT) of Azerbaijan invested 62715,7 million AZM ($13,69 million) for the 8 months of the current year.
13 September 2005 [08:33]
The Ganja automobile plant (GAP) has set up assembling of cars of different models of the Ulyanovsk Automobile Plant (UAP).
13 September 2005 [08:29]
The International Conference on liberalization of energy and Azerbaijani electric energy distribution model was held at Ataturk Center in Baku.
09 September 2005 [10:05]
During the expected official visit of the Azerbaijan’s President Ilham Aliyev to Bulgaria signing of two agreements in the agricultural sphere is planned. Among the documents is a convention in the veterinary sphere and phyto-sanitation, as well as an agreement on cooperation in the quarantine and protection of plants areas.
09 September 2005 [09:59]
Members of the Asian Development Bank's Board of Directors will visit Azerbaijan from 10-14 September 2005.
09 September 2005 [09:32]
The exhibition on the domestic tourism in Azerbaijan will be held on 1 October 2005 in Baku.
08 September 2005 [11:12]
"It is the right of any tax payer to apply to the court in case he does not agree with the decision of the tax body.”
08 September 2005 [10:41]
Radical changes, carried out in Azerbaijan for the last years and the targeted economic policy enabled to implement fundamental changes in the economic development.
08 September 2005 [10:02]
Azerbaijan needs 7-8 billion of cubic meters of gas a year for meeting its domestic demands.
08 September 2005 [10:00]
Old currency bills will remain in the circulation for a year, and be removed from the circulation by 1 January 2007.
08 September 2005 [09:34]
A delegation headed by the Vice-Premier of the Azerbaijan’s government Abid Sharifov is in Warsaw now.
08 September 2005 [09:32]
The prices of goods will be shown by both old manat and new manat in all retail shops and purchase and sale objects by 1 October.
Sixth stage of discharge of water from Fukushima nuclear power plant into ocean begins
Azerbaijan's Ministry of Defense holds ceremony dedicated to memory of martyrs
President Ilham Aliyev inaugurates Zangilan & Shayifli hydroelectric power plants [PHOTOS]
First VP Mehriban Aliyeva shares Instagram post on Zangilan trip [PHOTOS / VIDEO]
Unidentified drones imperceptibly filmes largest Japanese Navy ship, US aircraft carrier
Tehran goads radical sects amidst restoring diplomatic bridge with Azerbaijan
Deputy PM: Russia Collaborates with Azerbaijan&Central Asia on North-South Transit Corridor