Business
09 March 2007 [11:44]
India's largest refiner Indian Oil Corp (IOC) has bought at least 1 million barrels of Azeri Light crude via its monthly tender, traders said on Friday.
09 March 2007 [11:30]
Azerbaijan's economy, drunk on oil, is suffering rapid inflation.
08 March 2007 [12:28]
Azerbaijan Economic Development Ministry's Antimonopoly Service will monitor the market in order to prevent artificial price increase on the eve of Novruz Holiday.
08 March 2007 [12:27]
Effective March 1, the targeted social assistance benefits rise AZN 5 for every member of the vulnerable families.
08 March 2007 [12:26]
Up to now, Technikabank has lent 169 mortgage loans worth AZN 4.2m on the scope of the mortgage lending process through funding from the Azerbaijan Mortgage Fund.
08 March 2007 [12:26]
Azerbaijan Industry and Energy Minister Natig Aliyev has met with Hungarian ambassador to Turkey and Azerbaijan Istvan Szabo and discussed prospects for oil and gas cooperation between the two countries.
08 March 2007 [12:25]
Azerbaijan Industry and Energy Minister Natig Aliyev met with Mexican ambassador to Azerbaijan Salvador Campos Icardo and briefed the guest about Azerbaijan's industry and energy sector, project and programs and oil and gas resources.
08 March 2007 [12:05]
The power supply landlines will be replaced by underground cables by this year's end.
08 March 2007 [12:04]
Transport Ministers of TRACECA member states will meet in Astana in September-October.
08 March 2007 [11:54]
Poland is planning to host a Caspian crude oil summit in which the heads of states of Azerbaijan, Georgia, Kazakhstan and Ukraine will discuss the transpoet of crude oil into the European Union zone, German news reports said Wednesday.
08 March 2007 [11:50]
State Oil Company (SOCAR) will hire the State Department's Future Leaders Exchange (FLEX) Program alumni on the scope of the From-Exchange-To-Practice Project.
08 March 2007 [11:19]
Oil supply from countries outside OPEC will grow strongly through 2007 because of significant new production in central Asia, North America and Africa, energy consultants Wood Mackenzie said on Wednesday.
07 March 2007 [22:48]
The materials of the criminal case launched on Barmek Electricity Distribution president and seven more officers were sent to the Court of Grave Crimes, the deputy chairman of the Bar Association Farhad Najafov told.
07 March 2007 [22:14]
Azerbaijan Economic Development Ministry's Antimonopoly Service will monitor the market in order to prevent artificial price increase on the eve of Novruz Holiday.
07 March 2007 [22:02]
Labor and Social Protection Ministry will submit a package of proposals to the Cabinet to better target social assistance benefits to the most vulnerable groups.
07 March 2007 [14:04]
Emergencies Ministry set up a special commission to determine buildings in danger.
07 March 2007 [13:54]
Fertilizer producing plant will be constructed in Sumgayit.
07 March 2007 [13:36]
Emergencies Ministry sent the fifth part of building materials to Balaken, Sheki, Gakh, Oguz, Gebele, Ismayilli and Gusar regions to remove the results of windstorm on the night of February 24-25.
07 March 2007 [12:18]
Baku Electricity Network will cut off supply to all debtor customers at 14:00, March 9.
07 March 2007 [11:33]
The first Caspian trade and transport conference will be carried out in Baku, the capital of Azerbaijan, on April 23-24.
07 March 2007 [09:20]
On March 14-18TUYAP Congress and Exhibition center will host an agriculture fair in Konya, Turkey.
07 March 2007 [09:17]
Azercell Telecom JV has completed all paperwork for privatization of the state's stake in the company.
07 March 2007 [09:15]
Belarus companies intend to participate in reconstruction of Azerbaijan's Mingechevir Hydroelectric Power Plant, said the ambassador to Azerbaijan Nikolay Patskevich.
07 March 2007 [08:46]
Heads of Azerbaijani, Kazakh and Russian Accounting Chambers will meet in Aktau on March 12.
07 March 2007 [08:39]
Azerbaijan's AtaLeasing increased investments in February by 1.43% to AZN 355,000.
07 March 2007 [08:20]
In February, the exchange rate of Azeri manat against the US dollar rose 0.15% to 0.8688 AZN/USD from AZN 0.8701 AZN/USD1.
07 March 2007 [08:20]
Azerbaijan's Pasha Sigorta Insurance intends to raise its authorized capital 50% to AZN 1.5m during the first half of the year.
07 March 2007 [08:18]
The design engineering for Baku Ring Road Project has been complete and the road will be 60km, longer then planned because of buildings on the project road.
07 March 2007 [08:16]
The 6th meeting of the TRACECA Intergovernmental Commission scheduled for May has been postponed.
07 March 2007 [08:13]
The second part of the commercial demonstrating tourism potentials of Azerbaijan has started to be broadcasted on CNN channel.
07 March 2007 [08:01]
The subscriber base of Azeri mobile operator Azercell Telecom rose 33% in 2006 to 2.33 million users as of late 2006, company CEO Halim Ates said at a news conference Tuesday.
06 March 2007 [22:50]
State-owned Chemicals maker, Azerkimiya, shut down indefinitely because of the energy prices hike in the country.
06 March 2007 [22:18]
Pipelay and construction work in the Turkish part of the Baku-Tbilisi-Erzurum has been complete.
06 March 2007 [17:50]
Today, Azerbaijan's Parliament ratified the production sharing agreement (PSA) between State Oil Company of Azerbaijan SOCAR (75%) and Russian oil firm RussNeft (25%) to develop two oil fields of Azerbaijan - Hovsan and Zykh onshore oilfields in Azerbaijan.
06 March 2007 [17:44]
President Nursultan Nazarbayev said Tuesday that energy-rich Kazakhstan is considering building an oil refinery in Georgia's Black Sea port of Batumi, the official news agency Kazinform reported.
06 March 2007 [17:19]
Industry and Energy Minister Natig Aliyev has Tuesday met with Argentina's Ambassador to Azerbaijan Sebastian Lukas Brugo Marko.
06 March 2007 [16:52]
Confidence Energy Ltd. from the UK and the Azerbaijan State Oil Academy will conduct the first Caspian Oil Trade & Transport Conference in Baku on Apr. 23-24. It will consider the fuel and energy transportation and international cooperation on the Caspian Sea.
06 March 2007 [15:42]
South Korean Transport Ministry had a meeting at the Azerbaijan State Railway Company (ADDY) in Baku to discuss prospects of the project on establishment of fast train system in Azerbaijan.
06 March 2007 [14:39]
In April Moscow will host the meeting of the Russian-Azerbaijan Intergovernmental Commission for Economic Cooperation.
06 March 2007 [14:37]
Azerbaijani parliament members Panah Huseyn and Igbal Agazadeh raised issue on reducing the fees of energy carriers, especially electricity bill.
06 March 2007 [09:30]
Georgia may not receive 800 million cubic meters of gas from Turkey's portion of the Shah Daniz pipeline, a Georgian newspaper said.
06 March 2007 [09:15]
March 6-8, ITE Group PLC (Great Britain) and its exclusive partner in Caucasus – ITECA Caspian LLC will hold the first Azerbaijan International Fashion and Accessories Exhibition.
06 March 2007 [09:05]
Moscow hosted the second meeting o the Working Group developing proposals to improve mutual coordination of CIS antimonopoly top bodies.
06 March 2007 [09:00]
Appeals Court again postponed the legal procedure on the appeals of two officers of Barmek-Azerbaijan Electricity Distribution, the court told.
06 March 2007 [08:45]
"I wouldn't like to relate Nagorno Karabakh conflict with Baku -Tbilisi-Akhalkalaki-Kars railway project," EU Special Representative for the South Caucasus Peter Semneby told.
06 March 2007 [08:23]
A railroad deal will soon link the ex-Soviet outpost to European markets.
06 March 2007 [08:10]
The 3rd phrase of ethical and legal framework training for investors and issuers held by Baku Stock Exchange and Transparency Azerbaijan is over.
06 March 2007 [08:05]
In February, according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) Standard Capital headed the ranking of brokers with brokerage services in the total amount of AZN 41,885,622.26 provided to six clients.
06 March 2007 [08:00]
The National Bank of Azerbaijan has already installed currency shredding devices and granulators purchased from the Kusters Engineering to destroy old banknotes.
06 March 2007 [07:55]
The National Bank of Azerbaijan warned people that there appeared in the circulation.
06 March 2007 [07:50]
Azerbaijan's Mughanbank has joined Svyaz-Bank's Blizko fast money transfer system as the eight systems after Western Union, Contact, MrivatMoney, Bistraya Pochta, Migom, Travelex and Lider.
06 March 2007 [07:45]
The weighted average exchange price made up 0.8685 AZN/USD at trading sessions on the Baku Interbank Currency Exchange.
06 March 2007 [07:40]
Communication and information Technologies Minister Ali Abbasov in the frame of his visit to the USA signed partnership memorandum with California University.
06 March 2007 [07:30]
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]
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]
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]
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]
World Bank mission for education has visited Azerbaijan.
06 March 2007 [00:33]
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]
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]
The National Bank of Azerbaijan warned people that there appeared in the circulation.
05 March 2007 [17:04]
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 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 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 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 plans to build four substations in the districts of Yasamal, Azizbayov, Sabunchu and Sabail.
05 March 2007 [08:52]
4th restaurant McDonald's was opened next to the Memar Ajami subwayo station.
05 March 2007 [08:51]
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 in Ali-Bayramli which were in alert condition have been repaired.
05 March 2007 [08:49]
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, the organizer of the semiannual exhibition, runs a luxury shopping mall in Moscow and boutiques for foreign brands.
04 March 2007 [13:18]
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]
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]
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 of Azerbaijan is not considering its predictions for inflation following the energy price increase.
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