Business

30 June 2008 [09:31]

Azerbaijan ranking 40th in the list of World's Most Corrupt Countries

International organization Transparency International has released its annual report named "Corruption barometer".
30 June 2008 [09:01]

Azerbaijan ranking 82nd in the list of Best countries for Business

The Forbes magazine has worked out a rating of the Best countries for business.
28 June 2008 [09:43]

Disadvantaged foreigners, residing in Azerbaijan, may get material aid

Disadvantaged foreigners, residing in Azerbaijan, will also receive address social aid, said the press service for the Azerbaijan Ministry of Labor and Social Protection.
28 June 2008 [09:09]

Baku to host first Azerbaijan international insurance forum

The first Azerbaijan International Insurance Forum will be held in Baku on July 10-11 of 2008.
27 June 2008 [13:52]

Azerbaijan, Georgia and Turkey to initiate talks on single power grid

In the near future Azerbaijan, Georgia and Turkey will start talks on creation of a single power grid to ensure power exchange.
27 June 2008 [11:54]

13-storied car park to be built in Baku

11 overpasses will be built in Azerbaijan in the coming three years, said a source from the Transport Ministry of Azerbaijan.
25 June 2008 [12:44]

Steel mill to be built in Ganja

Azerbaijan Investment Company has signed a memo of understanding with Det.Al Holding Limited group of companies.
24 June 2008 [16:40]

Shah deniz gas extraction to make 13 bln cubic meters at the second stage

The commercial operator of Shah Deniz field development project, locating in the Caspian Azeri Sea- StatoilHydro Azerbaijan has predicted the annual extraction following launching of the second phase to be 13 bln cubic meters.
24 June 2008 [14:11]

Eyub Huseynov: "Marking on imported goods should be in the Azerbaijani language"

The law, prohibiting sale of goods with markings in Armenian language, is absent in Azerbaijan, said chairman of Free Consumers Association Eyub Huseynov, according to Novosti-Azerbaijan.
24 June 2008 [13:22]

UN global agreement for private sector encouragement to be applied in Azerbaijan

The UN Development Program (UNDP) and Azerbaijan Export and Investment Promotion Foundation (AZPROMO) presented a project, allowing to introduce UN Global agreement in our country.
24 June 2008 [09:32]

Anne Derse: "US will support Azerbaijan in WTO accession"

US ambassador Anne Derse highly evaluates the process of Azerbaijan's WTO accession, reports the press service for the Economic Development Ministry, according to Novosti-Azerbaijan.
23 June 2008 [17:36]

Delegation of businessmen from Iceland visiting Azerbaijan

Representatives of Icelandic companies VST-Rafteikning Engeneerings Company and Loftleidir Icelandic have arrived in Azerbaijan.
23 June 2008 [16:01]

Heydar Babayev: "Issue of WTO accession is important for support of Azerbaijan's agriculture development"

Azerbaijan's Economic Development Minister Heydar Babayev received US ambassador to Azerbaijan Anne Derse.
23 June 2008 [11:15]

Three companies to fight for opening of a sport TV channel in Azerbaijan

The application deadlines for the tender, declared by the Azerbaijan National Council for TV and Radio Broadcasting for opening of a sport TV channel, have expired, announced chairman of the council Nushirevan Meherremli.
23 June 2008 [09:25]

Azerbaijani and Slovakian transport ministries sign protocol of intentions to cooperate

Azerbaijan's Transport Minister Ziya Mamedov met with Slovakian Minister of Transport and Communications Ljubomir Vazhni.
21 June 2008 [12:01]

SOCAR to employ magister of US Columbian University

Magister of US Columbian University Rovshan Najaf will be employed by the State Oil Company of Azerbaijan.
21 June 2008 [09:12]

Rovnaq Abdullayev: "Azerbaijan will raise gas supplies to other countries"

Azerbaijan will soon raise volumes of natural gas supplies to other countries, said president of the state oil company of Azerbaijan Rovnaq Abdullayev.
21 June 2008 [08:55]

GDP reaches AZN 14.3 bln in Azerbaijan in January-May

GDP made AZN 14,308.6 mln in Azerbaijan in January-May of 2008, which is 14.6% higher in comparison with the same period of the last year.
20 June 2008 [17:37]

Eyub Huseynov: "Petrol mafia of Azerbaijan is regularly deceiving consumers"

"The petrol stations mafia of Azerbaijan is regularly violating rights of local consumers", said chairman of Azerbaijan's Union of Free Consumers Eyub Huseynov.
20 June 2008 [17:20]

Azerbaijan's State Immovable Property Register holds discussions with German KfW bank on a joint project

The State Immovable Property Register of Azerbaijan intends to start implementation of the project "Immovable property cadaster and registration" in Ganja and Sheki.
20 June 2008 [17:07]

Kavkaz Cannery employees block Baku-Rostov road

About 150 workers of Kavkaz Cannery have today staged a protest, blocking Baku-Rostov road at 10.30 am.
20 June 2008 [15:18]

Ramiz Hasanov: "Most of Azerbaijan-made foodstuffs come short of standards"

Azerbaijan Institute of Standards has developed nearly 200 national standards over the past one and a half year, said Ramiz Hasanov, Chairman of the Azerbaijan State Agency for Standardization, Metrology and Patents.
20 June 2008 [14:41]

Investments to construction made AZN 1.6 bln within five months in Azerbaijan

AZN 2,695.9 bln were invested from all financial sources to the main capital in Azerbaijan in January-May of 2008, which is up 21.7% as compared to the same period of the last year.
20 June 2008 [11:28]

President of Turkmenistan receives head of SOCAR

President of Turkmenistan Qurbanqulu Berdimukhammedov received head of the State Oil Company of Azerbaijan Rovnag Abdullayev, visiting Ashgabat.
20 June 2008 [10:06]

New platform launched at Neft Dashlary field in Azerbaijan

New two-unit platform No 2387 has been launched at Neft Dashlary field, reports Day.Az with reference to the SOCAR press service.
20 June 2008 [09:28]

Caspian Shipyard Company agrees to 6% salary rise for employees

Representatives of Oil, Gas and Extractive Industry Labor Union met with the leadership of the Caspian Shipyard to convey the demands of workers.
20 June 2008 [09:09]

Azerbaijan, Russia, Iran sign final protocol on construction of Kazvin-Resht-Astara railroad

The construction of the Kazvin-Resht-Astara railroad is planned to complete by 2012, reported a source from the Azerbaijan Railway Administration.
19 June 2008 [17:40]

Azerbaijan accounts for 4,600 foreign employees

As of June 1 of 2008 Azerbaijan accounted for 4,303,700 economically active people with 4,028,000 employed.
19 June 2008 [16:26]

Dedeman hotel to open in Azerbaijan

General manager of Turkish Dedeman Hotels&Resorts International Tammer Yorukoghlu announced that the structure, he leads, plans to open another 8 hotels with one in Azerbaijan, by the end of 2009.
19 June 2008 [16:09]

Azerbaijani population entrusts 66.1% of their deposits to local private banks

As of May 1 of 2008 the deposits of Azerbaijani population in the banks made AZN 1,593.7 bln, which is up 65.8% than the same period of the last year.
19 June 2008 [13:40]

Heydar Babayev: "Initial inflation forecast will not be justified in Azerbaijan in 2008"

The Government of Azerbaijan’s initial forecast for inflation in 2008 will not be justified, said Heydar Babayev, the Minister of Economic Development.
19 June 2008 [13:33]

Ilqar Mamedov: "Azerbaijan does not need cheap labor of foreigners. It should be forced out of the country and business should be freed"

Day.Az interview with Ilqar Mamedov, political scientist, member of the consultation council of the international organization Revenue Watch Institute.
19 June 2008 [13:15]

Azerbaijani Economic Development Minister received head of Austria-Azerbaijan friendship group

Azerbaijan's Minister of Economic development Heydar Babayev received a delegation led by head of the Austria-Azerbaijan group of friendship Karl Ollinger.
19 June 2008 [12:23]

President of Azerbaijan to attend ground-breaking ceremony of Baku-Tbilisi-Qars railroad's Turkish section

A ground breaking ceremony of the Turkish section of the Baku-Tbilisi-Qars railroad will be held on July 24 of this year, reports Day.Az with reference to Turkish Cihan news agency.
19 June 2008 [12:07]

Iran, Azerbaijan sign protocol on agricultural cooperation

A delegation led by Azerbaijan's Agricultural Minister Ismet Abbasov has been visiting Iran since June 14.
18 June 2008 [16:45]

Delegation of Turkish independent entrepreneurs association to visit Azerbaijan

A delegation of the Turkish Association of Independent Entrepreneurs (MUSIAD), comprising 10 businessmen from Erzirum, will be visiting Azerbaijan on June 18-22.
18 June 2008 [16:29]

Azerbaijan produces 19.9 mln tons of oil and 9.8 bln cubic meters of gas

Azerbaijan produced 19.9 mln tons of oil and 9.8 bln cubic meters of gas (including 6.5 bln cubic meters for sale) in January-May of 2008.
18 June 2008 [16:06]

Korean railway delegation arrives in Azerbaijan

The Korean railway delegation comprising ten people arrived in Azerbaijan yesterday, said spokesman for Azerbaijan Railway Administration Nadir Azmamedov, reports Day.Az.
18 June 2008 [15:53]

Air flight from Baku to Makhachkala to be launched on June 24

A new air flight to connect the capital cities of Azerbaijan and Daghestan will open on June 24.
18 June 2008 [14:08]

Azerbaijan ranking 76th in Global Enabling Trade Report

The World Economic Forum has released a report on global enabling trade among 118 countries within 2008.
18 June 2008 [10:56]

World Bank OKs $164 mln for Azerbaijan oil cleanup

The World Bank on Tuesday approved three projects worth $164 million to clean up Azerbaijan's Absheron Peninsula, polluted by years of onshore oil production and posing health risks to millions of people who live in the area.
18 June 2008 [10:52]

Ashgabat hosts Azerbaijan-Turkmenistan business forum

The Azerbaijan-Turkmenistan business forum was held in Ashgabat on June 17.
18 June 2008 [09:56]

President of Tatarstan: "It was decided to give an impetus to further development of relations on the basis of the previously signed agreements between Tatarstan and Azerbaijan"

President of Tatarstan Mintimer Shaymiyev in Kazan received Prime Minister of Azerbaijan Artur Rasizade.
18 June 2008 [09:33]

Baku to host international conference "Oil and gas potential of Azerbaijan and Turkmenistan: energy, economy and environment. Strategy of cooperation"

President of Azerbaijan Ilham Aliyev issued an order on the organization of the international conference entitled "Oil and gas potential of Azerbaijan and Turkmenistan: energy, economy and environment. Strategy of cooperation" in Baku.
17 June 2008 [16:18]

500th tanker load of oil pumped by Baku-Tbilisi-Ceyhan pipeline

The group of Baku-Tbilisi-Ceyhan export pipeline, operated by BP, has load the 500th tanker with Azerbaijani oil.
17 June 2008 [15:44]

Tatarstan's Prime Minister: "We want to develop cooperation with Azerbaijan in the economic and cultural fields"

A presentation of the economic potential of Tatarstan was held for the members of the Azerbaijani delegation in the Tatarstan Cabinet of Ministers Tuesday.
17 June 2008 [15:33]

Azerbaijan will bring roads in line with international standards over the next decade

Azerbaijan will bring the country’s roads in line with international standards within 2018-2020.
17 June 2008 [15:30]

Representative of Iranian railway administration speaks for creation of consortium on North-South railway corridor construction

Creation of the international consortium for implementation of the project of North-South transport corridor will accelerate commissioning of this route, intended to connect the railway networks of China and India with the European one.
17 June 2008 [15:06]

President of Azerbaijan receives Iranian Energy Minister - UPDATED

President of Azerbaijan Ilham Aliyev received a delegation led by Iranian Energy Minister Seid Perviz Fattah, reports the press service for the Azerbaijani President.
17 June 2008 [14:40]

OSCE initiates seminar on food security in Azerbaijan

A seminar "Current state and problems of agriculture of the Lenkoran economic region" was held in Jalilabad by OSCE initiative.
17 June 2008 [14:12]

Natik Aliyev: "Turkmenistan may join the interconnected electricity network in the South Caucasus"

Turkmenistan may also join the proposed circular electricity network interconnection system among Azerbaijan, Turkey, Iran, Georgia and Russia.
17 June 2008 [13:49]

Turkmen-Azerbaijani economic forum held in Ashgabat

The first Turkmen-Azerbaijani economic forum opened in Ashgabat on June 15.
17 June 2008 [09:42]

Imair launches Baku-Bodrum flights

Azerbaijan’s Imair airlines company will carry out the direct flights Baku-Bodrum beginning from June 15.
17 June 2008 [09:30]

Societe Generale to allot $140 mln for construction of oil and gas terminal in Sangachal

French Societe Generale will allot a credit in the amount of $140 mln for the project of construction of an oil and gas terminal in Sangachal, reported deputy chief executive of the Azerbaijan Investment Company Riad Qasimov.
17 June 2008 [09:21]

Baku to host Azerbaijan-Turkmenistan oil and gas conference

Baku will host the conference "Oil and gas of Turkmenistan and Azerbaijan" in the first half of September of 2008.
17 June 2008 [09:14]

Construction of a new shipyard in Azerbaijan may take less than $400 mln

The cost of the project of construction of a new shipyard in Azerbaijan may take less than earlier predicted $400 mln, said deputy chief executive of the Azerbaijan Investment Company Riad Qasimov.
14 June 2008 [10:19]

Japan's Chiyoda eyes petchem projects in Azerbaijan

Japan's Chiyoda Corp. wants to partner Azerbaijan's state energy firm SOCAR in the construction of petrochemical plants in the ex-Soviet state and in neighbouring Turkey, SOCAR said on Friday.
14 June 2008 [09:47]

Azerbaijan Investment Company may become co-founder of other investment companies

The Azerbaijan Investment Company received several proposals regarding creation of a joint investment company, similar to the Caspian International Investment Company (CIIC), said AIC chief executive Anar Akhundov.
14 June 2008 [09:04]

BNP Paribas assigns $320 mln for road project to Azerbaijan

A credit agreement was signed yesterday in the Ministry of Transport of Azerbaijan with French bank BNP Paribas on project of reconstruction of Baku-Shamakhi-Yevlakh, Yevlakh-Zaqatala-Georgian border highways.
13 June 2008 [17:50]

Heydar Babayev: "Price hike on building materials is caused by the decline in proposal on the market"

The Economic Development Ministry has finished monitoring of building materials on the market, said Economic Development Minister Heydar Babayev.
13 June 2008 [17:35]

Azerbaijani employees of Caspian Shipyard company suspend the strike - UPDATED

Representatives of the trade union of oil and gas workers of Azerbaijan met with management of Caspian Shipyard company.
13 June 2008 [16:36]

Heydar Babayev: "It is not planned to increase loan rates from the National Fund of Assistance to Entrepreneurship"

Economic Development Ministry has submitted proposals to the Azerbaijan presidential administration regarding self-financing of the National Fund of Assistance to Entrepreneurship, said Azerbaijan Economic Development Minister Heydar Babayev.
13 June 2008 [15:52]

Sabir Rustamkhanly: "Documents for issue of addressed social aid are falsified in the regions of Azerbaijan"

The parliament of Azerbaijan has adopted changes to means criteria and principles of adopting documents for issue of addressed social aid.
13 June 2008 [15:24]

Heydar Babayev: "Azerbaijan is able to meet 70% of its demands of food"

"Azerbaijan would have been able to meet 70% of its demands of food under the due organization", said Economic Development Minister Heydar Babayev.
13 June 2008 [14:36]

Caspian International Investment Company to select first projects for participation by autumn

The Caspian International Investment Company (CIIC) starts operating today, said chief executive of the company Toghrul Kocharli.
13 June 2008 [14:23]

Draft state program on food safety submitted to Azerbaijan's Cabinet of Ministers

The Economic Development Minister of Azerbaijan has completed work over the draft state program on reliable provision of foodstuffs to the population, said Economic Development Minister Heydar Babayev.
13 June 2008 [10:13]

Well of 30 tons daily output drilled in Neft Dashlary field

The 1908th well has been launched at five-bloc platform No 1887.