Business
24 April 2007 [09:11]
Valeh Aleskerov, vice-speaker of the parliament, chief of the standing commission on natural resources, energy and ecology has left for Austria to attend the third Europe-Russia Economic Forum.
24 April 2007 [08:55]
Emerging markets private equity fund manager Aureos Capital has launched a new $100m Central Asia Fund. The fund will focused primarily on Kazakhstan and Azerbaijan.
24 April 2007 [08:52]
Baku Electricity Network OSJC began to probe illegal connections to elevator power lines.
24 April 2007 [08:48]
Baku Electricity Networks has begun to cut off electricity supply to defaulting customers since 12:00, April 23.
24 April 2007 [08:46]
Azerbaijan Mortgage Fund has to date lent 800 mortgage loans worth AZN 27,637 million.
24 April 2007 [07:52]
Bank Standard has to date lent 136 mortgage loans worth AZN 4,369,812.
24 April 2007 [07:51]
A delegation from Russia's RAO UES (Unified Energy Systems) will visit Azerbaijan on April 27 to continue the price-haggling discussion.
24 April 2007 [07:50]
Azerbaijan State Railway Company (ADDY) has bought two locomotives from Russia with a soon delivery.
24 April 2007 [07:49]
With an exception of the State Oil Company of Azerbaijan (SOCAR), other nine biggest taxpayers transferred a total of AZN 52.3mln to the state budget with a surplus over the predictions (119%).
24 April 2007 [07:47]
Nar Mobile presented a new entertainment portal - Nar Mobile World to its subscribers. Besides making mobile communications colorful the Nar Mobile World portal offers to subscribers enjoying a number of interesting and useful services.
24 April 2007 [07:45]
Debutbank has opened a new branch in Baku.
24 April 2007 [07:43]
With several large infrastructure projects in progress, such as the Black Sea coastline highway, the Marmaray metro project -- which will cross the Bosporus Strait -- the Baku-Tbilisi-Ceyhan oil pipeline, the Nabucco and many others, Turkey is rapidly checking off its to-do list of national projects.
24 April 2007 [07:41]
As of April 1, the assets of Azerbaijan's Amrahbank reached AZN 33,291,860, up 31% from the same period last year.
24 April 2007 [07:38]
As of April 1, the Biggest Taxpayers Department of the Taxes Ministry has 692 taxpayers in the lineup, of which 280 are state-owned entities, 84 privately-owned, 278 foreign entities, 47 joint ventures and 3 international organization-owned ones. The department registered 439 VAT payers.
23 April 2007 [23:03]
The loans used for construction of the Baku-Tbilisi-Ceyhan pipeline project will be repaid during 2013-15.
23 April 2007 [23:00]
"Seymour" fishing–boat sailing under the flag of Azerbaijan was detained in Kazakhstan section of the Caspian Sea.
23 April 2007 [22:18]
The International Bank of Azerbaijan had a good year in 2006. The bank has won the "Best Emerging Market Banks" named by Global Finance magazine in an exclusive survey.
23 April 2007 [21:35]
Barclays and ABN Amro have agreed terms for their multi-billion euro merger plans in a deal which values ABN Amro shares at ?36.25.
23 April 2007 [15:44]
The president will submit the draft on amendments to the 2007 state budget of Azerbaijan to the parliament by May 15, Hadi Rajabli, chief of parliament’s socio-political standing commission said.
23 April 2007 [14:44]
Gas supply to Sabunchu, Narimanov, Nizami, Khatai and Binagadi districts of Baku was interrupted because of connection of newly constructed gas line to the net.
23 April 2007 [14:37]
The leaders of South Korea and Azerbaijan agreed Monday to increase economic ties between the two countries, part of Seoul's campaign to expand relations with oil-producing nations to feed its development.
23 April 2007 [13:14]
Azerbaijan Defense Minister Safar Abiyev and Defense Industry Minister Yavar Jamalov are scheduled to make an official visit to Pakistan.
23 April 2007 [09:22]
The Turkish and Greek prime ministers will this summer inaugurate a new pipeline bringing natural gas from Azerbaijan and other Caucasus producers, the Greek development minister said on Saturday.
21 April 2007 [16:03]
The Baku-Tbilisi-Ceyhan oil pipeline, which carries Azeri oil to European markets through Turkey and is a key part of Turkey's plan to become a global energy hub, is transforming the port city of Ceyhan into a magnet for domestic and foreign investment.
21 April 2007 [16:01]
Kazakhstan is urging Moscow not to take offense at its decision to diversify shipments of oil, most of which flow through Russia.
21 April 2007 [15:32]
Regional conference devoted to the activity of culture and tourism departments will be held in Shamakhi on April 23.
21 April 2007 [15:21]
The collection rate for gas has been pushed up after AzeriGas cut off supply to defaulting customers. The villa owners have begun to pay off the bills.
21 April 2007 [15:19]
Azerbaijan water Company (Azersu) installed 141,477 water meters during 2006, of which 106,119 in Baku, 35,358 in other regions.
21 April 2007 [12:12]
Business-seminars on accounting will be held in Azerbaijan Bank Training Center (ABTC) from April 25 to 27.
21 April 2007 [12:10]
VI Report stage of implementation of Extractive Industry Transparency Initiatives (EITI) in Azerbaijan started since the meeting of Selecting Group composed of EITI Governmental Commission, local and foreign companies engaged in extractive industry, representatives Coalition "To Improve Transparency in Extractive Industry" held on 19, April, 2007.
21 April 2007 [12:07]
Kur LLC will commission regional sale center in Sumgayit in a few days. The center will provide sale of computers, telephones and other products of the company.
21 April 2007 [12:04]
"Azerbaijan is able to export drinking water to neighbouring countries if applied," chair of Azerbaijan State Water Company (Azersu), Nizamaddin Rzayev told a press conference.
21 April 2007 [10:47]
The World Bank has introduced the water supply and drainage systems rehabilitation draft project to the government of Azerbaijan for approval.
20 April 2007 [23:50]
Culture and Tourism Ministry will propose to make monuments of satirists and musical instruments due to the executive order of the Head of State on monumental sculpture works, memorial and architecture complexes.
20 April 2007 [16:04]
A local individual has won investment competition for the shares of Baku Taxil Open Joint Stock Company.
20 April 2007 [12:58]
State Oil Company of Azerbaijan (SOCAR) and Turkey’s Turcas which agreed to set up a joint venture for oil exploration, refining and marketing submitted an offer to Energy Market Regulatory Authority (EPDK) to build a petroleum refinery in Ceyhan.
20 April 2007 [11:57]
Netty-2007 Azerbaijan National Internet Award, an annual campaign aimed at choosing the best websites in the country, has held virtual jury vote to set nomination finalists.
20 April 2007 [11:54]
Industrial production grew 38.6%, year-on-year, during the first quarter to AZN 4.6 billion in Azerbaijan.
20 April 2007 [11:52]
The representatives of Azerbaijani Microfinance Association (AMFA) will attend the 10th conference of Microfinance organizations in Sofia, Bulgaria, from May 29 to June 2.
20 April 2007 [11:50]
The debts of Azergas and Azerenergy to SOCAR have reached to AZN100m.
20 April 2007 [11:47]
National Bank of Azerbaijan has submitted draft bill on Non-bank credit organization to government.
20 April 2007 [11:32]
Russia's Kommersant newspaper published new version of ranking "CIS's 1000 banks" published in March.
20 April 2007 [11:30]
47 tankers took on board 5.549 million tonnes of Azeri Light crude oil at the Ceyhan Port in Turkey during the first quarter of 2007.
20 April 2007 [11:30]
Energy summit expected to be held in Warsaw on May 11-12 will possibly rescheduled.
20 April 2007 [11:29]
The total daily production rate at Azeri-Chirag-Guneshli has beaten 690,000 barrels per day.
20 April 2007 [11:14]
Seoul will host Azerbaijan-Korea business forum on April 24.
20 April 2007 [09:52]
A South Korean consortium led by the Korea National Oil Corporation (KNOC) is pushing to win the right to search for oil at Azerbaijan's Inam field by September, the Korean government said Friday.
20 April 2007 [08:56]
Baku hosts the two-day meeting of Trans-Asia-Europe (TAE) international fiber-optic cable line projects on Baku-Aktau segment. TAE member states and leading operators of regional countries attend the meeting.
20 April 2007 [08:46]
National Teleradio Council started checks with online "Day.Az Radio".
20 April 2007 [08:04]
A great number of unsafe products were withdrawn from the sales in Azerbaijan, said Consumer Market Control Service.
19 April 2007 [22:25]
The countries sharing the shores of the Black Sea and a few neighboring states announced plans Thursday to bolster economic and other cooperation in their oil-rich region, including a construction of a "ring road" around the sea.
19 April 2007 [22:11]
Ernst&Young company ended auditing in Barmek-Azerbaijan Electricity Distribution LLC.
19 April 2007 [21:52]
Preliminary court proceeding on case of president of Barmek-Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, continues.
19 April 2007 [21:37]
It is slated to lay Poti (Georgia)-Odessa (Ukraine) and Poti (Georgia)-Istanbul (Turkey) cables in the short run.
19 April 2007 [21:34]
The shareholders of Azerbaijan International Operating Company (AIOC), which have a stake in BTC Co, have reoriented all the oil coming from Azeri-Chirag-Guneshli through Baku-Tbilisi-Ceyhan pipeline. All theses companies have stopped exporting oil via Baku Novorossiysk and Baku-Batumi routes.
19 April 2007 [21:27]
The shareholders of Azerbaijan International Operating Company (AIOC), which have a stake in BTC Co, have reoriented all the oil coming from Azeri-Chirag-Guneshli through Baku-Tbilisi-Ceyhan pipeline.
19 April 2007 [14:23]
The meeting of the heads of government of the Black Sea Economic Cooperation (BSEC) member countries is to be held in Turkey on June 25, BSEC deputy general-secretary Andrei Urnov told.
19 April 2007 [14:09]
Price rise of recent months in Azerbaijan impacted country's medicine market.
19 April 2007 [09:00]
"The documentation of Baku-Tbilisi-Akhalkalak-Kars railway project is to be completed," Azerbaijan's Transport Minister Ziya Mammadov told the journalists.
19 April 2007 [08:58]
State Oil Company of Azerbaijan (SOCAR) will take complex measures to prevent construction of houses near oil wells.
19 April 2007 [08:57]
Chief of Antimonopoly State Service Samir Dadashov and official for analytic-information sector of the service Elshad Mammadov attend the 55th spring session of American Bar Association in Washington.
19 April 2007 [08:56]
Baku-Supsa oil pipeline will be commissioned by the end of this year.
19 April 2007 [08:55]
State Oil Company of Azerbaijan (SOCAR) and German Academic Exchange Service (DAAD) signed joint scholarship program.
19 April 2007 [08:51]
"The IDPs settled in Binagadi district will be replaced in the regions in which they were registered. Every IDP has temporary registered address," said Baku Underground's chief Taghi Ahmadov. According to him refugees settled there illegally.
19 April 2007 [08:17]
Geneva will host the 97th conference of International Labour Conference (ILC) from June 10 to 16.
19 April 2007 [08:14]
On 16 April, Azerbaijan's Unibank and VTB Bank Europe plc launched syndicated loan facility for $15mln with split tranches of 12 and 15 months.
19 April 2007 [08:13]
As at April 1, Yapi Kredo Bank Azerbaijan raised its assets to AZN 56,491,510, up 32% from the same period last year.
19 April 2007 [08:11]
Azerbaijan's State Committee for Securities has submitted new proposals to World Bank in the frame of modernization of financial sector of the country.
19 April 2007 [08:10]
Iranian Transport Minister Mustafa Rahmati is expected to visit Baku in last decade of May.
19 April 2007 [07:58]
National Bank of Azerbaijan (NBA) the Chairman of the Management Board Elman Rustemov has received the delegation headed by Christos Kostopoulos, Senior Country Economist of World Bank.
19 April 2007 [07:57]
The National Bank board chair Elman Rustamov has today met with the BP-Azerbaijan President Bill Schrader.
19 April 2007 [07:56]
Azerbaijan Auditors Chamber (AAC) intends to sign agreements on cooperation with audit-accounting institutions of Romania, Poland and Ukraine.
19 April 2007 [07:55]
Baku will host the meeting of Working Group on construction of Trans-Asia-Europe (TAE) international fiber-optic cable line from April 19 to 21.
19 April 2007 [07:53]
For the first quarter, Azerbaijan's State Committee for Securities registered 22 issues of shares worth AZN 41.8mln and 4 issues of corporate bonds worth AZN 9.7mln.
18 April 2007 [21:55]
Emergencies Ministry bans constructing buildings higher than 12 storeys in the capital Baku, Orujeli Hajiyev, Deputy Emergencies Minister told journalists.
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