Business

06 March 2007 [07:30]

Huseyn Arabul and some Barmek officials study materials of their criminal case

The criminal case launched by the Department Fighting Corruption under General Prosecutor's Office on articles 179.3.2, 306.2, 308.2 and 313 of the Criminal Code about the officials of Barmek Electricity Distribution were completed, General Prosecutor's Office told.
06 March 2007 [07:05]

Bank Standard launches employee evaluation project

With support of Allianz Group, Azerbaijan's Bank Standard has launched employee evaluation project on the basis of Profiles International, the recognized world leader in employment evaluation and human resource management assessment tools, used by 750 countries in 100 countries.
06 March 2007 [07:00]

AtaTechnology to represent CryptoMetrics in Azerbaijan

Azerbaijan's AtaTechnology LLC has acquired the right to represent CryptoMetrics, the leading provider of sophisticated biometric devices and software to private companies and governmental agencies worldwide.
06 March 2007 [02:55]

Tender period on ANS frequency may be prolonged

The tender period announced on ANS TV and ANS ChM frequency by National Television and Radio Council may be prolonged, NTRC chief Nushiravan Maharrmali told.
06 March 2007 [02:50]

WB education mission visits Azerbaijan

World Bank mission for education has visited Azerbaijan.
06 March 2007 [00:33]

Azerbaijan strengthens flight safety

Azerbaijan National Airlines (AzAL) has strengthened flight security in accordance with the requirements of the International Civil Aviation Organization (ICAO).
05 March 2007 [23:34]

Azerbaijan installs currency shredding devices

The National Bank of Azerbaijan has already installed currency shredding devices and granulators purchased from the Kusters Engineering to destroy old banknotes.
05 March 2007 [17:39]

Azerbaijan detects counterfeit bills

The National Bank of Azerbaijan warned people that there appeared in the circulation.
05 March 2007 [17:04]

Azerbaijan, Russia haggle over electricity prices

Azerenergy and Russian RAO EES (Unified Energy Systems) have started negotiating on the prices of electricity imports for the coming months.
05 March 2007 [16:25]

Azerbaijan announces investment contest for Baki Taxil

Azerbaijan State Committee for Public Property Management has announced an investment competition to sell shares of Baku Taxil Open Joint Stock Company.
05 March 2007 [16:02]

Azerbaijan transport infrastructure damaged $560m by Armenians

Azerbaijan transport infrastructure in the lands under illegal occupation of Armenian Armed Forces was damaged by US $560 according to the preliminary calculations.
05 March 2007 [13:16]

Anglo Asian Mining expects to finish feasibility study on Gedabek project in Q2

Anglo Asian Mining PLC said it expects to complete a feasibility study on the Gedabek property in Azerbaijan in the second quarter of 2007 with construction targeted to begin in the summer.
05 March 2007 [08:54]

Baku Electricity Network to build four substations

Baku Electricity Network plans to build four substations in the districts of Yasamal, Azizbayov, Sabunchu and Sabail.
05 March 2007 [08:52]

One more McDonald's in Baku

4th restaurant McDonald's was opened next to the Memar Ajami subwayo station.
05 March 2007 [08:51]

Azerbaijan Accounting Chamber attends international conference

A delegation from Azerbaijan Accounting Chamber attended the second conference on Financial Control and New Information Technology held in Suzdal, Russia.
05 March 2007 [08:50]

Two buildings repaired in Ali-Bayramli

Two buildings in Ali-Bayramli which were in alert condition have been repaired.
05 March 2007 [08:49]

SOCAR President meets with ISO Secretary-General

President of State Oil Company, Rovnag Abdullayev, has met with Alan Bryden, Secretary-General of International Organization for Standardization (ISO).
04 March 2007 [14:44]

Crocus Group to open new shops in Azerbaijan

Crocus Group, the organizer of the semiannual exhibition, runs a luxury shopping mall in Moscow and boutiques for foreign brands.
04 March 2007 [13:18]

Discussions intensify with Kazakhstan on Trans-Caspian gas pipeline

On a visit to Astana on February 27-28, Azerbaijan's Minister of Foreign Affairs Elmar Mammadyarov took the initiative to discuss possible exports of gas from Kazakhstan through the proposed gas pipeline on the Caspian seabed.
04 March 2007 [13:12]

Turkey acts to expand Caspian basin energy presence

Seizing on an opportunity created by Turkmenistan’s political transition, Turkey is trying to expand its share of Caspian Basin natural gas exports, thereby reducing its own energy dependence on Russia.
04 March 2007 [12:59]

Iranian gas exports to Nakhichevan to increase

A senior gas official of Azerbaijan said Friday Iran will supply 250 million cubic meters of natural gas in 2007 to the Autonomous Republic of Nakhichevan.
03 March 2007 [11:08]

National Bank not to change inflation forecasts

National Bank of Azerbaijan is not considering its predictions for inflation following the energy price increase.
03 March 2007 [11:04]

Latvian businesspeople to visit Baku in April

Delegation of Latvian businesspeople led by Foreign Minister Artis Pabriks will visit Azerbaijan in April.
03 March 2007 [10:58]

KfW Senior Vice-President visits Azerbaijan Microfinance bank

KfW Senior Vice-President, Doris K?hn, has visited Sumgait branch of Azerbaijan Microfinance Bank.
03 March 2007 [10:56]

Industrial Development Program Blueprint to be submitted to President

Industry and Energy Ministry is working on the State Program for Industrial Development and the draft will be introduced to the President by the end of March.
03 March 2007 [10:30]

Tariffs for international and mobile telephone talks will be reduced

"We have sent proposals on appliance of limit to inter-city telephone talks to Tariff Council. The chairman of Tariff Council Heydar Babayev twice touched on this issue. Tariff Council has its procedures to estimate the proposals," deputy Communication and Information Technologies Minister Iltimas Mammadov told the journalists.
03 March 2007 [10:26]

Problems and prospects of standardizations in Azerbaijan examined

Azerbaijan State Agency for Standardization, Metrology and Patents held a roundtable on Problems and prospects of standardizations.
03 March 2007 [10:21]

Azerbaijan to announce contest for expansion of gasholders

Azerbaijan will hold competition for expansion of gasholders. At the first phase, Garadagh gasholder will be enlarged to 2.3bn cubic meters.
03 March 2007 [10:18]

Azerigas Chair Alikhan Malikov holds press conference

A total of 923m cubic meters of natural gas were supplied to the consumers in Azerbaijan during January, Azerigas Chairman Alikhan Malikov stated.
03 March 2007 [10:15]

Azerbaijan exports 13,593 tons of gasoline in February

The SOCAR Marketing and Economic Operations Department exported 13,593 metric tons of gasoline, 102,783 tons of diesel fuel, 31,793 tons of aircraft fuel, 1,667 tons of lubricants and 3,000 tons of oil bitumen during February, 2007.
03 March 2007 [09:09]

State Labor Inspection to examine construction companies from tomorrow

State Labor Inspection under the Ministry of Labor and Social Protection starts examinations in construction companies tomorrow, stated SLI chief Nebi Shukurlu.
03 March 2007 [09:06]

Economic Court rejects appeal of Independent Azerbaijan University

The appeal of Independent Azerbaijan University (IAU) for the decision of Economic Court #1 was rejected, lawyer for IAU Intigam Aliyev stated.
02 March 2007 [23:08]

Haji Mammadov's lawyer appeals to Court of Appeals

Today Samad Aliyev, a lawyer for former high ranking official of Azerbaijan's Interior Ministry Crime Investigation Department Haji Mammadov, appealed to Court of Appeals on decision of Court of Grave Crimes, the lawyer told.
02 March 2007 [22:56]

Turkey to sell gas from Shahdeniz to Greece

"The well in Azerbaijan will produce natural gas in the framework of Shahdeniz project in six days," Hilmi Guler, Turkey's Energy and Natural Resources Minister said.
02 March 2007 [22:52]

Euro 2008 tickets come on sale

Tickets for the 2008 European Championships went on sale.
02 March 2007 [22:30]

International contest announced for establishment of Heydar Aliyev Center in Baku

Azerbaijan State Committee for Public Property Management has announced an international competition for establishment of Heydar Aliyev Center in Baku.
02 March 2007 [17:13]

Azerbaijan-Latvia Joint Commission agrees to deepen ties

Friday, the first meeting of the Azerbaijan-Latvia Intergovernmental Commission for Economic Cooperation was held in Baku to examine the prospects for expansion of economic ties.
02 March 2007 [16:56]

Azerbaijan needs no talks on Russian gas imports, Natig Aliyev says

Azerbaijan's energy balance blueprint for 2007 is ready and the draft has been submitted to the Government, said Azeri Industry and Energy Minister Natig Aliyev.
02 March 2007 [13:57]

LA hosts Business forum of Azerbaijani and US hi-tech companies

Los Angeles hosted the 2nd Business Forum of Azerbaijani and US companies specialized in high technologies.
02 March 2007 [12:50]

Gold deposits exploration to start up in Nakhchivan in spring

Azerbaijan International Mining Operating Company plans to start exploration activities in Dastabashi, Agyurd and Keleki gold deposits located in Nakhchivan Autonomous Republic.
02 March 2007 [09:16]

Azeri Industry and Energy Minister meets with ISO Secretary-General

Thursday, Azerbaijan's Industry and Energy Minister Natig Aliyev met with Secretary-General of International Organization for Standardization (ISO) Alan Bryden visiting Azerbaijan.
02 March 2007 [09:14]

Palmali, Krasnoye Sormovo sign 10 tanker agreement

Palmali Group of Company ordered Russia's Krasnoye Sormovo Shipyard to build 10 tankers with a deadweight capacity of 7,000 tonnes for shipping chemicals.
02 March 2007 [09:13]

Pasha Sigorta to have international audit in May

Pasha Sigorta will have international audit because of transition to ISO Management Systems.
02 March 2007 [09:05]

10-year draft State Program on development of tourism in Azerbaijan prepared

Azerbaijani President's executive order on development of resorts was necessary and important step. This order will make a push for expansion and development of tourism in Azerbaijan, Azerbaijan's Culture and Tourism minister Abulfaz Garayev told journalists.
02 March 2007 [08:43]

Credit investments in Azeri economy grew 80.6%

As of February 1, the amount of loans invested in the economy of Azerbaijan reached AZN 2,493.4m, up 80.6% from a year earlier.
02 March 2007 [08:43]

Parameters of innovation zones should attract investors

"Proposals on establishment of regional innovation zones in Azerbaijan should be developed so that its parameters can attract investors as magnet," Azerbaijan Communications and Information Technologies Ministry official Rufat Gulmammadov said.
02 March 2007 [08:41]

Azeri banks' aggregate assets reach 3.66bn

The total amount of the assets owned by Azerbaijan's bank organizations, to February 1, reached AZN 3,668.2m.
02 March 2007 [08:41]

National Depositary Center registers 9 contracts in Feb

National Depositary Center registered 9 contracts on maintaining and registration of the stocks of joint stock companies.
02 March 2007 [08:40]

Iranian Transport Minister's visit to Baku postponed

The visit of Iranian minister of traffic and transport Mehemmed Rehmeti to Azerbaijan was postponed, stated Iranian ambassador Afshar Suleymani.
02 March 2007 [08:39]

Azerbaijan's investment environment promoted in Oslo

Azerbaijan Export and Investment Promotion Foundation (AzPromo), Norway-Azerbaijan Youth Organization and Azerbaijan's Embassy in the UK (also accredited in Norway) organized an investment-promotion workshop in Oslo.
02 March 2007 [08:38]

Iteca Caspian to organize nine debut shows in Azerbaijan this year

The exhibition season in Azerbaijan starts in March 2007.
02 March 2007 [08:36]

$150bn to come to Azerbaijan's Oil Fund within 15 years

Shahmar Movsumov, Executive Director of the Azerbaijan State Oil Fund (SOFAZ), told the Intergovernmental Preparatory Meeting for the fifteenth session of the Commission on Sustainable Development in New York that some US $150 billion will come to the Fund within 15 years, adding that energy revenues should be used efficiently.
02 March 2007 [08:35]

IMF Executive Board to discuss Article IV report on Azerbaijan in May

IMF mission visiting Baku has completed the Article IV report on Azerbaijan.
02 March 2007 [08:30]

Trades at BICEX, March 1

The weighted average exchange price made up 0.8688 AZN/USD at trading sessions on the Baku Interbank Currency Exchange on March 1.
02 March 2007 [08:28]

NBA Chair, IMF mission discuss macroeconomic situation

National Bank's Board Chair Elman Rustamov and head of IMF mission for Azerbaijan Vitali Kramarenko discussed the recent macroeconomic processes in the country.
02 March 2007 [08:24]

National Aerospace Agency and Special Engineering and Conversion Committee abolished

Azerbaijan's President Ilham Aliyev decreed on abolishing Azerbaijan National Aerospace Agency and Special Engineering and Conversion Committee.
02 March 2007 [08:17]

Interferences in entrepreneurship in Ganja reduced

Complains of the interferences of the Ganja police in entrepreneurship reduced by three times compared with last year, Eldar Azizov the Head of Ganja Executive Power said.
02 March 2007 [08:15]

Azerbaijan seeks high tech investors

Oil exports have caused Azerbaijan's growth rate to rocket past 30 percent, but Azerbaijani officials know the oil will not last forever.
02 March 2007 [08:11]

Customs and taxes collection jumps 32% in Azerbaijan

Azerbaijan State Customs Committee collected AZN 109.01m in tax and customs against the plan of 107.1m during January-February.
02 March 2007 [08:09]

Baku hosts first meeting of Azerbaijan-Latvia intergovernmental commission

The first meeting of the Azerbaijan-Latvia intergovernmental commission started in Economic Development Ministry.
02 March 2007 [08:05]

IMF to help Azerbaijan improve consumer price index calculation machinery

Azerbaijan State Statistical Committee has requested IMF to render technical assistance over improvement of the mechanism for Consumer Price Index calculation in the country.
02 March 2007 [08:00]

NBA Chair receives KfW Senior VP

Chairman of the Management Board of the National Bank of Azerbaijan, Elman Rustamov has received a delegation led by KfW Senior Vice-President, Doris Kohn.
02 March 2007 [08:00]

Azerbaijan acquired over 7,000 ISO standards

Azerbaijan State Agency for Standardization, Metrology and Patents has applied over 7,000 ISO standards in the country.
01 March 2007 [21:50]

Azerbaijan to produce gold from 4Q07

Azerbaijan International Mining Operating Company has submitted a report on exploration work in Gadabey and Gosha fields.
01 March 2007 [21:45]

AIMOC to sue companies exploiting gold fields in occupied Azeri lands

Azerbaijan International Mining Operating Company wants an international monitoring group to be sent to the occupied Azerbaijani lands in order to get acquainted with the situation of gold fields, AIMOC President Rza Veziri told.
01 March 2007 [16:09]

State Commission to control privatization of state property set up

Azerbaijan's President Ilham Aliyev issued an executive order on establishment of a State Commission on control over privatization of state property.
01 March 2007 [16:08]

No appeal received on tender for ANS frequency

National Television and Radio Council has not received any appeal on tender for ANS's frequency announced on February 20.
01 March 2007 [16:04]

Credit investments in Azeri economy grew 80.6%

As of February 1, the amount of loans invested in the economy of Azerbaijan reached AZN 2,493.4m, up 80.6% from a year earlier.
01 March 2007 [14:36]

Baku hosts first meeting of Azerbaijan-Latvia intergovernmental commission

The first meeting of the Azerbaijan-Latvia intergovernmental commission started in Economic Development Ministry.
01 March 2007 [13:58]

ISO Secretary-General visits Baku

Alan Bryden, Secretary-General of International Organization for Standardization (ISO) has visited Azerbaijan at the invitation of Azerbaijan State Agency for Standardization, Metrology and Patents.
01 March 2007 [09:16]

ISO Secretary-General Alan Bryden visits Baku

Alan Bryden, Secretary-General of International Organization for Standardization (ISO) has visited Azerbaijan at the invitation of Azerbaijan State Agency for Standardization, Metrology and Patents.
01 March 2007 [09:14]

Ganja Automobile plant to assemble tractors

Ganja Automobile Plant begins assembling tractors in March this eyar.
01 March 2007 [09:11]

Legal procedure on Barmek former officers' appeal postponed

Appeals Court again postponed the legal procedure on the appeals of two former officers of Barmek-Azerbaijan Electricity Distribution, the court informs.
01 March 2007 [09:07]

Azerdemiryolbank to announce winning campaign

Azerdemiryolbank will hold a winning campaign called "I paid I won" from March 1 through August 31.
01 March 2007 [08:41]

Azeri Parliament to pass new economic laws in spring session

Parliament is expected to adopt a number of economics bills during the spring session.