Business
28 July 2005 [09:05]
The Cabinet of Ministers will submit the forecast macroeconomic figures for 2006 on 15 September, Farhad Aliyev, the Minister of Economic Development, told journalists.
28 July 2005 [08:53]
The State Oil Company of Azerbaijan (SOCAR) wants to apply to the head of the Russia’s Transneft Company, Semen Veinstock with an official letter stating the unfavorable situation around the export of the Azerbaijan’s oil through the Novorossiysk port, SOCAR told Trend.
28 July 2005 [08:51]
Russia does not permit the returning of the ships “Maestro Niyazi” ,”Natavan” and “Rasul Rza” belonging to Azerbaijan for the time being.
28 July 2005 [08:43]
Barmek Azerbaijan, the operator of the energy distribution network in Baku and Sumgayit, intends to invest 89,499m manats (over $19m) in the development of the electric network of Baku in 2005.
27 July 2005 [12:03]
Premium of insurance companies of Azerbaijan on the results f the first half of the current year grew by 11,9% as compared to the first half-year of the last year.
27 July 2005 [09:49]
The small enterprise ‘Anar-93’ started the construction of a sugar plant near the Baku-Astara motor highway in Salyan.
27 July 2005 [09:09]
The president Ilham Aliyev visited Khachmaz region yesterday.
27 July 2005 [09:03]
Azerbaijan will be shortly included in the list of countries recommended for tourist trips by the government of China. The accord between Azerbaijan and China on including Azerbaijan in the list of countries, recommended for traveling was achieved in the previous year during the visit of the Minister of Youth, Sport and Tourism Abulfaz Karayev to China.
27 July 2005 [08:38]
The Barmek-Azerbaijan Company does not fulfill its obligations on some clauses of the agreement, signed with the government of Azerbaijan for delivery in asset management of the energy distribution networks of Baku and Sumgayit, the Open Joint Stock Company (OJSC) Azerenerji head, Etibar Pirverdiyev told journalists on 26 July.
26 July 2005 [10:55]
A 45-member delegation will represent Azerbaijan in an international exhibition ‘Konia shoes, leather industry and fashion’, which will be held in Konya, Turkey, from 4 to 7 August, the Confederation of Azerbaijani Entrepreneurs (CAE).
26 July 2005 [10:54]
The Azerbaijani Micro Finance Bank of (MFBA) and the International Finance Corporation (IFC) signed an agreement on allotment of credit by the IFC.
26 July 2005 [10:50]
German government is ready to allocate 1 million 185 thousand euros to Azerbaijan.
26 July 2005 [09:02]
The Azerpocht state enterprise (SE) will apply postal money transfer on Western Union and Travelex systems. The work on realization of these systems is underway.
26 July 2005 [08:50]
The European Bank for Reconstruction and Development (EBRD) officially announced that the consideration of possible participation in the capital of Bank of Baku originally scheduled for 26 July to 6 September 2005.
26 July 2005 [08:49]
Ahmad Jahani, the manager of the World Bank (WB) on Azerbaijan, resigned from his prior to completion of his term.
26 July 2005 [08:48]
The Gobustan Operating Company (GOC) suspended the drilling of the appraisal well at the Kanizdag field and Coastal block, including into the contract area of the South-Eastern Gobustan for lack of some devices.
26 July 2005 [08:46]
The president Ilham Aliyev visited Guba region yesterday.
25 July 2005 [09:05]
Chevron Overseas Petroleum Azerbaijan Ltd. (COPAL), an operating company involved in the Absheron offshore bloc, notified its partners in the Heydar Aliyev rig utilization agreement about his leaving the agreement.
25 July 2005 [08:42]
The establishment of database for fighting terror, organized crime, drug trafficking and illegal migration will be on focus of the forthcoming meeting of the virtual centers of GUAM to be held in Baku on 25 July.
25 July 2005 [08:36]
The “Gasexport” company of Russia will stop gas transfer to Azerbaijan on July 26-29.
25 July 2005 [08:11]
In June money mass in Azerbaijan grew 6.044%, while in 2005 a rise comprised 12.7%. The National Bank of Azerbaijan said that as of 1 July the amount of money mass in Azerbaijan (M2) comprised 3851.3bn manats against 3,631,8bn mantas fixed as of 1 June and 3,418bn mantas as of 1 January 2005.
25 July 2005 [08:01]
Gobustan Operating Company (GOC) lost the case in the court on the suit for damaging the environment filed by the inspectorate on the environment and natural resources state control under the Ministry of Ecology and Natural Resources of Azerbaijan (MENRA), the Minister of
Ecology and Natural Resources Husseyn Bagirov told Trend.
24 July 2005 [09:23]
“Pakistani companies are eager to expand trade-economic relationships with Azerbaijan,” members of the Pakistani business delegation said in a meeting with the Azerbaijani entrepreneurs in Baku on Friday.
24 July 2005 [08:56]
The opening of Excelcior hotel in Baku, originally scheduled for July 22, has been postponed to 1 August 2005.
24 July 2005 [08:54]
The delegation led by the deputy of the executive director of the International Monetary Fund (IMF) Agustin Kaustens held meetings in the National Bank, Economic Development and Finance Ministries.
24 July 2005 [08:28]
President Ilham Aliyev today received the delegation led by Deputy Managing Director of International Monetary Fund (IMF) Agustin Carstens.
24 July 2005 [08:12]
The delegation consisting of 9 persons led by the 1st deputy of the chairman of Milli Majlis Arif Rahimzade took part in the seminar “About macroeconomic policy for the parliamentarians of the Southern Caucasus” organized in the institute of the International Monetary Fund (IMF) situated in the capital of Austria, Vienna.
24 July 2005 [08:10]
The tobacco production in the country will be increased to 20,000 tons a year in 2015, the Agriculture Ministry told Trend.
24 July 2005 [08:07]
Azerbaijan-U.S. joint venture Catel (Caspian American Telecommunications, LLC) plans to open over 10 express-centers in the capital and regions under an agreement signed with Omnitel, a distribution company, on the organization of cleint service network in commucnaition.
24 July 2005 [07:53]
The 9th Chinese International Investment and Trade Exhibition will be held in Siamine, China, from 8 to 10 September, the Fund of Encouragement of Investments and Consultations told Trend.
22 July 2005 [09:12]
Application of corporate standards is a long-term project. An expert of the Saving Bank Foundation for International Cooperation (SBFIC), Rayner Haberkorn, said that the application of such standards will take neither 2 nor 2 years in Azerbaijan.
22 July 2005 [09:07]
If Georgia refuses to purchase Azerbaijani gasoline, the State Oil Company of Azerbaijan (SOCAR) can find other potential markets from 2006.
22 July 2005 [08:32]
German expert on World Trade Organization Rudiger Ohst has been making recommendations to Azerbaijan government on all issues concerning admission of our country to the WTO since 18 July.
22 July 2005 [08:30]
A delegation of ICARDA (International Center for Agricultural Research in the Dry Areas) headed by Rajendra Paroda, a coordinator on the Central Asia and South Caucasus, will complete the mission to Azerbaijan on Thursday.
22 July 2005 [08:18]
The German government will approve a 1,185,000 euro grant to Azerbaijan.
21 July 2005 [09:48]
The Ministry of Youth, Sports and Tourism of Azerbaijan sent several proposals to the Greek Tourism Ministry concerning the development of cooperation in the sphere of tourism.
21 July 2005 [09:32]
The 1st Finland-Azerbaijan economic forum will be held on September 30, the press-service of the Azerbaijani Entrepreneurs Confederation, the organizer of the forum, told Trend.
21 July 2005 [09:02]
The meeting of the Virtual center on fighting the organized crime and illegal drug trafficking in the GUAM countries will take place on 23 July in Baku.
21 July 2005 [08:10]
The average yield from the State Oil Fund of the Azerbaijan Republic (SOFAR) assets management on the results of the first half-year of 2005 is some 3%.
20 July 2005 [10:36]
Introduction of new European Union standards of motor fuels will not affect the import of the Azerbaijani combustive-lubricating materials, the Georgian Prime Minister Zurab Nogaideli told Trend on 19 July.
20 July 2005 [09:54]
The Ministry of Agriculture applied to the Cabinet of Ministers of Azerbaijan for taking measures on preventing the illegal production of alcoholic beverages, the Minister of Agriculture Ismet Abasov told journalists on 19 July.
20 July 2005 [09:18]
Georgian Prime Minister Zorab Nogaideli who is on a visit to Baku refuted the information that Georgia is not satisfied with the quality of oil products of Azerbaijan.
20 July 2005 [09:16]
The Azerbaijan International Operating Company (AIOC) plans to carry out the scheduled suspension of the Georgian Supsa terminal operation, following the suspension of the Baku-Supsa pipeline.
20 July 2005 [09:11]
Azerbaijan exports milk and milk products to Georgia starting since this month. According to the words of the chairman of the Entrepreneurship Development Department of the Economic Development Ministry Alihuseyn Shaliyev, building materials and plastic goods are also exported from Azerbaijan to Georgia.
20 July 2005 [09:06]
The tax income over January-June 2005 comprised 3,223,815,5m manats, or 104.5% of the forecast equal to 3,083,880m manats, Taxes Ministry told Trend.
20 July 2005 [09:02]
The “Azerbaijan Airlines” State Company realizes flights everyday of a week in the Baku-Tbilisi-Baku air-route at present.
20 July 2005 [08:55]
The Azerbaijan-Georgia business-forum was held in Baku Business center yesterday.
19 July 2005 [09:23]
Next sitting of Azerbaijan-Georgia intergovernmental economic commission was held in Ganja yesterday.
19 July 2005 [09:08]
A total of 75,000 jobs opened in Azerbaijan in 2005, including 38,000 permanent jobs, Arif Valiyev, the head of the State Statistics Committee (SSC), said on July 18.
19 July 2005 [08:46]
“Azpetrol” LTD transported 1 million 729 thousand 542 tons of oil and oil products to Batumi port during 6 months of the current year.
19 July 2005 [08:20]
The BP is interested in the privatization of the Azerbaijan Gas Emali joint stock company (JSC, Azerbaijani gas refinery plant).
19 July 2005 [08:18]
Project for improving drinking water supply of the populated areas of Baku and Sumgayit, as well as Apsheron is implemented on transmitting the subsoil waters in Alazan-Ayrichay (Oguz-Gabala) valley located 315 km apart from Baku, 500 meters higher than the sea level to Sangachal pumping station unit.
19 July 2005 [08:14]
The Ganja automobile plant has manufactured some 350 cars since the reconstruction. Khanlar Fatiyev, the Director of the plant told Trend that this year the output comprised over 300 automobiles.
19 July 2005 [08:10]
Participants of the oil production in the Caspian forecast vague prospects on exploitation of ‘Heydar Aliyev’ drilling rig (former LIDER), which belongs to Dutch company Maersk, Trend reports in reference to sources at foreign companies.
18 July 2005 [08:17]
The Cabinet of Ministers did not confirm media reports spread on Saturday on the submission of document to Azerbaijani President Ilham Aliyev on the cancellation of contracts with energy network operators Barmek Azerbaijan and Bayva.
18 July 2005 [08:15]
International Bank will install 170 new bank machines in Baku and in other cities and regions soon.
16 July 2005 [09:56]
The “Azerdemiryolbank” Stock Bank joined the “Impex Bank” OSC “Bistraya Pochta” (Express mail) rapid money transferring system.
16 July 2005 [09:43]
Building works on the “Shahdeniz” project were realized 62,4 %.
16 July 2005 [09:36]
The project on Shahdeniz section of Extended Program of Sangachal terminal will be completed in November next year. Project manager Ronald Baker informed about it.
16 July 2005 [09:31]
The government of Japan intends to allocate 300 million yens (approximately 2,8 million USA dollars) of grant recently for the purpose of poverty reduction in Azerbaijan.
16 July 2005 [09:28]
The Azerbaijani Communications and Information Technologies Ministry presented to the Rotterdam court additional documents on case of Maltese FIM Bank, which brought a suit against the Azerbaijani government on the non-payment of the credit given by the bank to the enterprises of the Communication Ministry under guarantee of the Ministry and ‘Pochtbank’ commercial bank.
16 July 2005 [09:22]
Georgia is probable to receive additional gas volumes under Stage 1 of Shah-Daniz Project. Mike Skitmor, the head of the project, told a news conference on Friday, the Georgian government appealed to Azerbaijan with request to deliver additional volumes of gas in the amount of 3 billion cu m of gas a year under Stage 1.
16 July 2005 [08:59]
The Excelcior hotel will open in a solemn ceremony to be staged in Baku on July 22, Trend reports quoting the owner of the hotel, the deputy chairman of the Management Board of Ataholding group of companies, Khakan Ozalpay.
15 July 2005 [09:17]
Industrial production in Azerbaijan comprised 18.8 trln manats in the first half of 2005, or 20.1% more than 2004, the State Statistics Committee told Trend. It comes as the first highest indicator since 1942.
15 July 2005 [08:47]
The joint Azerbaijani-American Catel (Caspian American Telecommunications, LLC) conducts installation works at a new station, located in the settlement Hovsan of Baku, Trend reports.
14 July 2005 [09:32]
AZAL state air company pans to open new air flights with the South Asia countries, the company told Trend.
14 July 2005 [09:30]
The program of the Azerbaijan’s business people visit to the Turkish Republic of Cyprus on 28-31 July is very intensive, the press service of the visit organizer, Union of business people of Azerbaijan and Turkey (ATIB).
14 July 2005 [09:26]
During the next years the world oil prices will not go below $30-40 per barrel, head of the BP group macroeconomics department, Marc Hanstridge told journalists today in Baku.
14 July 2005 [09:04]
The European Union (EU) plans to implement 12 projects more in Azerbaijan, the EU’s Baku Office.
14 July 2005 [08:41]
The State Social Protection Fund (SCPF) will start distributing social insurance certificates to all citizens working in Azerbaijan since the middle of August.
14 July 2005 [08:32]
Industrial product and services costing 18.8 trillion manats or more than 20.1 % in comparison with the first half of the previous year was produced and rendered in the first half of this year in the industry of the country.
13 July 2005 [09:44]
The inflation rate was 4,8% in the first half-year of the current year.
13 July 2005 [09:37]
The Ministry of Economic Development (MED) held sitting of the MED collegium on 12 July, dedicated to the results of the economy development for the first 6 months.
13 July 2005 [09:15]
The issue of sentence on court examination between the State Oil Company of Azerbaijan (SOCAR) and American Frontera Resources, formerly involved into the development of the onshore field ‘Kursangi-Garabagli’, is postponed to late 2005.
13 July 2005 [09:12]
The delegation led by first deputy Prime Minister of Azerbaijan Abbas Abbasov was in an official visit in Tbilisi. The delegation met Georgian Prime minister Zurab Nogaideli.
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