Business

04 July 2010 [10:31]

Iran to join Nabucco afterall?

03 July 2010 [12:20]

IFAD President: We expect to increase financing to Azerbaijan

Trend interviewed President of the International Fund for Agricultural Development (IFAD) Kanayo F. Nwanze, who participated in the 35th annual meeting of the Governing Council of the Islamic Development Bank (IDB) in Baku.
03 July 2010 [11:43]

New energy boom in Azerbaijan

The commencement of the second phase of the Shah Deniz Field in the Azerbaijani section of the Caspian Sea, which is scheduled for 2016-2017, is boosting the interests of foreign investors, consumer countries, and service companies in Azerbaijan and its oil and gas sector.
03 July 2010 [11:23]

SOCAR wins SAP CIS quality award

The State Oil Company of Azerbaijan has become a SAP CIS Quality Award 2010 Gold winner for its achievement in the successful software implementations.
02 July 2010 [16:13]

Azerbaijani entrepreneurs' confederation becomes full member of IOE

The Azerbaijani Confederation of Entrepreneurs (Employers) has become a full member of the International Organization of Employers (IOE), the confederation reported.
01 July 2010 [15:21]

Azerbaijani corporate market grows

Turnover of corporate securities in Azerbaijan was 844,995 million manat in the first half of 2010 which is by 2.96 times less the figure in the same period of 2009, according to the Baku Stock Exchange.
01 July 2010 [11:14]

Socar-Turcas receives license

30 June 2010 [13:34]

Azerbaijan will not license Internet TV and Internet radio

Internet radio and Internet-TV will not be licensed in Azerbaijan, Presidential Administration Social and Political Department head Ali Hasanov said at the conference-seminar "Values of the new media era" in Baku today.
30 June 2010 [08:26]

Energy and environment underpin UN industrial arm’s cooperation with Azerbaijan

Issues surrounding energy and the environment continue to be a priority area for collaboration between Azerbaijan and the United Nations Industrial Development Organization (UNIDO), the body's head stressed today, UN official website reported.
29 June 2010 [11:02]

Import of Azerbaijani goods to Turkey increased

The volume of Turkish exports to neighboring countries in January-April increased by 9,6%, and reached 4,7 billion dollars.
29 June 2010 [09:35]

Azerbaijan helps out Belarus to settle gas debts with Russia

President of Belarus, Alexander Lukashenko, in an interview to Euronews stated that the money to pay the debt for Russian gas was lent by his Azerbaijani counterpart, Ilham Aliyev.
28 June 2010 [10:31]

Iranian Economy and Finance Minister: We can open a way for Azerbaijan to enter foreign markets via the Persian Gulf

Interview with Iranian Minister of Economy and Finance Shamsaddin Husseini.
28 June 2010 [10:19]

"Azerbaijan is tolerant to all innovations used in global economy"

It is necessary to conduct certain research before Islamic banking is implemented in the banking sector of Azerbaijan, chairman of the Central Bank of Azerbaijan Elman Rustamov said.
26 June 2010 [12:10]

Demand for used cars declines in Azerbaijan

The market of used cars in Baku saw unusual drop in sales in May, Participants of the Property Market Public Union said.
25 June 2010 [13:40]

"Technical equipment we produce jointly with Azerbaijan targets the regional market as well"

John Craig, Chief Executive Officer (CEO) of Paramount Group, South Africa, foreign partner of the Azerbaijan’s Ministry of Defense Industry on the production of mine protected armored vehicles, gave an interview to APA.
25 June 2010 [11:48]

"Syria intends to conclude agreement on Azerbaijani gas supplies for period till 2020"

Trend interviews Syrian Oil and Mineral Resources Minister, Azerbaijan-Syria Intergovernmental Commission on Cooperation Co-Chairman Sufian Al Alao.
24 June 2010 [16:35]

Austrian companies keen on cooperation with SOCAR

The SOCAR leadership met with the delegation of Austria, led by Reinhold Mitterlehner, Minister for Economic Affairs and Labor of Austria.
24 June 2010 [15:35]

Azerbaijan, IDB sign loan agreement

The Azerbaijani government and the Islamic Development Bank signed a loan agreement on allocation of 150 million euros to build the plant for waste processing in Baku.
24 June 2010 [14:30]

Azerbaijan reduces cotton exports

Azerbaijan has reduced cotton exports significantly, the Azerbaijan State Customs Committee said.
24 June 2010 [14:07]

Loan agreements worth over $780 million signed in IDB meeting in Baku

Loan agreements worth $780.7 million were signed with 19 countries-members within the 35th annual meeting of the Governing Council of the Islamic Development Bank (IDB) in Azerbaijan.
24 June 2010 [11:56]

Economy Minister: Austria hopes to sign gas contracts in Caspian Sea

Austria hopes to sign contracts to purchase gas from the Caspian region, which will allow the EU to diversify sources of power supply. The issues on construction of new pipelines within the "Southern Corridor" are being actively considered for this purpose.
24 June 2010 [11:35]

Azerbaijani company Sinam wins tender in Kyrgyzstan

An Azerbaijan company SINAM has won a tender in Kyrgyzstan.
24 June 2010 [10:55]

"Azerbaijan is one of the most important countries for gas supply of Nabucco"

Azerbaijan is one of the most important countries to supply Nabucco pipeline with gas, said Managing Director of the Nabucco Gas Pipeline International GmbH Reinhard Mitschek at a briefing on June 23.
23 June 2010 [15:35]

IDB ready to increase portfolio by half billion of dollars in Azerbaijan

Since 1992 the Islamic Development Bank (IDB) has approved funding for 28 projects in the country totaling in $528 million, IDB President Ahmed Mohamed Ali said at the 35-th Annual Meeting of the IDB Board of Governors in Baku today.
23 June 2010 [15:06]

Bosnia and Herzegovina "interested" in benefiting from Azerbaijan's energy resources

An adviser to the President of Bosnia and Herzegovina has expressed hope his country would “soon become one of the consumers of Azerbaijan`s energy resources”.
23 June 2010 [14:26]

Building materials prices drop in Baku

The Participants of Property Market Public Union monitored prices of 38 brands of building materials in Baku in May.
23 June 2010 [09:56]

Global financial crisis 'had no impact' on Azerbaijan

Somalia's finance minister Abdurrahman Omar Osman has praised Azerbaijan's economic achievements, saying the country managed to maintain the development pace even despite the global financial crisis.
22 June 2010 [18:15]

IFC helps improve corporate governance practices in Azerbaijan's petrochemical sector

IFC, a member of the World Bank Group, is partnering with Azerbaijan Methanol Company to improve the company's governance practices, providing advice that will help establish good corporate governance in a key sector of Azerbaijan's economy, the petrochemical industry.
22 June 2010 [17:07]

SOCAR opens two new filling stations in Georgia

SOCAR continues to expand its network of petrol stations under the brand of SOCAR in Georgia. Tbilisi hosted the opening ceremony of two new filling stations June 22.
22 June 2010 [16:20]

Azerbaijan officially approves Euro-2 standards

Azerbaijan State Standardization, Metrology and Patents Committee has adopted Euro-2 standards, the state committee said.
22 June 2010 [10:45]

"Azerbaijan's digital television market ready for introduction of HDTV"

An interview with President of the cable television KATV1 Samir Gurbanov.
22 June 2010 [10:15]

Polish delegation to visit Azerbaijan for talks

Issues related to Azerbaijani-Polish economic cooperation will be discussed in Baku.
22 June 2010 [10:07]

"GE Oil&Gas" opens global services center in Azerbaijan

The Global Services center of the US Ge Oil&Gas Company opened in Baku on June 21st.
22 June 2010 [09:45]

Baku hosts 26th meeting of ADFIMI

The 26th meeting of the General Assembly of the Association of the National Development Financing Institutions (ADFIMI) was held in Azerbaijani capital on Monday.
22 June 2010 [09:23]

'Meeting to Develop the Road Map for Enhancing Intra-OIC Trade' held in Baku

As part of the 35th Annual Meeting of the Islamic Development Bank, a “Meeting to Develop the Road Map for Enhancing Intra-OIC Trade” was held on June 21.
21 June 2010 [18:48]

Islamic Development Bank "granted 130 million euros" to "Azerenerji"

The Islamic Development Bank has allocated 130 million euros to Azerenerji, major electricity supplier in Azerbaijan so far, the company`s president has told journalists.
21 June 2010 [17:55]

Baku hosts seminar on financing and opportunities provided by IDB group

A seminar on “Financing and Opportunities provided by the Islamic Development Bank Group” has been held in Azerbaijan's capital.