Business

03 August 2010 [14:55]

Prices not increased on secondary housing market in Baku's districts

The volume of deals on the secondary housing market in Baku in June slightly reduced by 0.3 percent in May, the Public Organization "Property market participants" said.
03 August 2010 [12:03]

Bulgaria keen to launch building Nabucco gas pipeline section

Nabucco gas pipeline project is worth ˆ7.9 billion. Construction of gas pipeline is planned to be launched in 2011, the first supplies - in 2014. Maximal capacity of the pipeline will hit 31 billion cubic meters per year.
30 July 2010 [09:54]

SOCAR opens 3 more petrol stations in Georgia

SOCAR's subsidiary in Georgia - SOCAR Georgia Petroleum Inc. opened three more petrol stations under SOCAR brand.
29 July 2010 [11:06]

Azerbaijan-Turkey Association of Businessmen reps participate in green economics workshop

Deputy Chairman of the Board and Secretary General of the Azerbaijan-Turkey Association of Businessmen (ATIB) Rashad Rasullu attended a green economics workshop held in Frankfurt.
29 July 2010 [10:15]

Turkey's state minister for foreign trade meets Turkish businessmen in Azerbaijan

Turkey's State Minister Responsible for Foreign Trade Zafer Caglayan met Wednesday Turkish businessmen operating in Azerbaijan.
28 July 2010 [15:55]

EU energy commissioner highlights Nabucco's importance

The European Union's Commissioner for Energy has stressed the importance of the Nabucco gas project, saying realizing it is among key priorities for the organization.
28 July 2010 [10:35]

Indian refineries are interested in long-term oil contracts with Azerbaijan

Indian refineries are interested in signing long-term contracts for purchase of Azerbaijani oil, Indian ambassador to Azerbaijan Debnath Shaw said at a press conference on July 27.
27 July 2010 [15:55]

"Azerbaijan-Georgia transport corridor must draw new cargo"

The transport corridor Azerbaijan - Georgia will soon become a real rival to the Russian and Iranian transport corridors, Prime Minister Nika Gilauri said today at a meeting of the Georgian government.
27 July 2010 [15:45]

Western expert: Nabucco to be implemented after production at Shah Deniz project's second stage

Nabucco gas pipeline project, designed to transport gas from the Caspian region and the Middle East to the EU countries will be implemented, but later than planned, Editor-in-chief at Eurasia Energy Observer, Andrej Tibold, said.
27 July 2010 [10:20]

Chinese exports to Azerbaijan grow by almost 50% in January-May

In May 2010, China exported goods to Azerbaijan in amount of $82.601 million.
26 July 2010 [11:25]

SOCAR invests over $470 million in Georgian economy

Reportedly, SOCAR, operating actively in Georgia, has invested in this country about $470 million.
26 July 2010 [09:45]

Azerbaijani investors have second highest amount of foreign investment in Istanbul

The number of foreign investors in Istanbul was up 6.53% in first half of 2010 over the second half of 2009, the chamber of commerce said on Sunday, according to Anadolu Agency.
24 July 2010 [11:17]

SOCAR-Turcas gets license for building refinery in Turkey

On July 23, Ankara hosted a ceremony to grant a license to SOCAR-Turcas JV to build a new refinery in Turkey, SOCAR (State Oil Company of Azerbaijan) reported on July 23.
22 July 2010 [12:17]

Russian young people visit Azerbaijan State Oil Company

Members of Russia's youth public chamber met with leadership of Azerbaijan State Oil Company (SOCAR) in Baku.
21 July 2010 [16:08]

Azerbaijan's GDP reaches AZN19.7bn

Azerbaijan's economy has reached AZN19.7 billion or $24.7 billion in the first six months of the current year, up by 3.7 percent from a year earlier, State Statistical Committee said.
21 July 2010 [12:10]

Russian young people visit Azerbaijan's ICT ministry

Russian young people visited Azerbaijan's Ministry of Communication and Information Technologies.
21 July 2010 [10:55]

Officials of German Federal Ministry of Economics and Technology meet deputy director of Azerbaijan State Agency for Alternative and Renewable Energy

Representatives of German Federal Ministry of Economics and Technology today have met here with deputy director of Azerbaijan's State Agency for Alternative and renewable Energy Jamil Malikov.
20 July 2010 [11:15]

SOCAR introduces new vice president for strategic development in solemn ceremony

The State Oil Company of Azerbaijan Republic (SOCAR) introduced new vice-president and other officials in a solemn ceremony on July 19, the company said.
19 July 2010 [18:07]

SOCAR to open office in Batumi

19 July 2010 [10:45]

BP to remain partners with Azerbaijan in "Shah Deniz" project

BP will remain a partner in Azerbaijan's largest natural-gas field at Shah Deniz, Azerbaijan's Minister of Industry and Energy Natig Aliyev told Bloomberg in an interview in Batumi, Georgia, on Sunday.
19 July 2010 [09:58]

Energy Minister: Azerbaijan's natural gas reserves will be sufficient at least for hundred years

Azerbaijan energy minister says Azerbaijan's natural gas reserves will be sufficient at least for hundred years.
19 July 2010 [09:25]

Turkey, Azerbaijan sign protocol of intent on construction of Turkey-Azerbaijan NAR gas pipeline

The State Oil Company of Azerbaijan (SOCAR) and Turkey's Botas company signed a protocol of intent on construction of the gas pipeline from Turkey to Azerbaijan's Nakhchivan Autonomous Republic (NAR).
17 July 2010 [12:06]

European trader to supply Azerbaijani gas to Italian electric power stations

European trader EGL intends to increase its gas portfolio through the Azerbaijani gas.
17 July 2010 [11:53]

Uzbekistan's first Airbus A320 to make its first commercial flight to Baku

New A320 aircraft of Uzbekistan Havo Yollari (Uzbekistan Airways) will make its first commercial flight from Tashkent to Baku on July 19, the company said.
17 July 2010 [10:23]

Azerbaijan, EU to continue trade talks

The trade deal as part of the Azerbaijan-EU association agreement can be signed after the country joins the World Trade Organization, Deputy Foreign Minister of Azerbaijan Mahmud Mammadguliyev said.
17 July 2010 [09:30]

Azerbaijan, EU likely to facilitate visa regime

If Azerbaijan-EU talks on association agreement are successful, visa regime will be relaxed.
16 July 2010 [10:07]

SOCAR president meets Deutsche Bank official

President of Azerbaijan's state oil firm, SOCAR, Rovnag Abdullayev met with a delegation led by Yurjen Fitschen, member of Board and Observation Council of German Deutsche Bank on July 15.
16 July 2010 [09:35]

OFID funds construction of thermal power plant in Azerbaijan

The Vienna-based Fund for International Development (OFID) of Organization of the Petroleum Exporting Countries (OPEC) has allocated 20 million euros for the construction of Janub thermal power plant in Shirvan region of Azerbaijan.
15 July 2010 [16:35]

Average monthly salary rises 5% in Azerbaijan year-on-year

The average monthly salary of workers in the economy of Azerbaijan rose by 5% to AZN 315.2 compared with a year ago, State Statistical Committee said.
15 July 2010 [11:35]

American CNN-International airs report on economic boom in Azerbaijan

The influential US-based CNN-International on 12 July aired a report dedicated to Azerbaijan.