Business
05 August 2005 [08:26]
The intergovernmental agreement on the Kazakhstan’s joining Baku-Tbilisi-Ceyhan (BTC) project will be signed in October 2005, Vladimir Shkolnik, the Energy and Mineral Resources Minister, said to a meeting in Aktau.
05 August 2005 [08:20]
British-U.S. BP intends to increase the expenditure with the Azerbaijani joint enterprises (JE) and state companies in 5 years.
04 August 2005 [11:17]
Terror act in Mahackala section of Mozdok-Gazimammed gas pipeline was prevented.
04 August 2005 [10:41]
The Azerbaijan International Operation Company (AIOC) suspended yesterday the operation of the Baku-Supsa pipeline (”the western route”) according to the schedule.
04 August 2005 [09:48]
Reaping process has ended in the 97% of the cornfields so far.769.833 acres of field was planted with grain in Azerbaijan in 2005, 744.866 hectares of field was reaped.
04 August 2005 [09:11]
Opening of the anti-corruption legal defense centers in Azerbaijan (ALDC) is an integral part of the international exchange of experience in the corruption fighting sphere.
04 August 2005 [08:40]
The Turkish Star group of companies will complete the construction of the two plants on production of automobiles and domestic appliances till late 2005.
04 August 2005 [08:37]
The Russian Transneft Company permitted the Azerbaijan International Operating Company (AIOC) to transport 388,000 tons oil through the Baku-Novorossiysk pipeline in September 2005.
03 August 2005 [10:32]
In accordance with the forecast of the Economic Development Ministry, GDP of Azerbaijan will make up 70.5 billion manats in 2006 with 30.5% economic growth.
03 August 2005 [09:59]
Iran has not determined a new composition of the bilateral commission on economic cooperation with Azerbaijan due to non-formation of new government after the election of the new President.
03 August 2005 [09:37]
Enterprise producing refrigerators has been opened in Shamakhi.
03 August 2005 [08:58]
For the first half year Azerbaijan paid 4,2 million USD for membership in international organizations.
03 August 2005 [08:56]
An Understanding Memorandum was signed with the Asian Bank for Development (ABD) on realization of the new joint technical aid project in the Economic Development Ministry (EDM) yesterday.
03 August 2005 [08:53]
The Ministry of Economic Development (MED) of Azerbaijan submitted the macro-economic forecast for 2006 to the Cabinet of Ministers, the Minister of Economic Development Farhad Aliyev told journalists.
03 August 2005 [08:47]
The Ministry of Agriculture (MA) of Azerbaijan has banned officially import of meat and other food products to the country, particularly, chicken, eggs and various poultry from Kazakhstan, China, Japan, Pakistan and a number of Asian countries.
03 August 2005 [08:42]
The reason of dismissing some of the associates working in the local departments of the “Barmek-Azerbaijan electric Net” LTD is that they could not fulfill instructed tasks”.
03 August 2005 [08:41]
Presentation of the project “Corruption in Azerbaijan. How to fight it?”, being implemented by the “Constitution” Research Foundation under the support of the Eurasia Foundation and the Open Society Institute took place on 2 August in Baku.
02 August 2005 [11:33]
The Excelcior hotel will open in Baku on Monday, Trend reports.
02 August 2005 [11:24]
On Monday the Ganja Automobile Plant received the first sets of spare parts for the assembly of automobiles under the contract concluded with the Ulyanov.
02 August 2005 [09:43]
The state program for the development of the information and communications technologies in Azerbaijan (2005-2008) is expected to be adopted this week, Ali Abbasov.
02 August 2005 [09:40]
The local telephone talks will be payable in Azerbaijan by the end of the year.
02 August 2005 [09:32]
On Monday the Azerbaijan International Oil Company (AIOC) interrupted work in the Georgian terminal in accordance with schedule.
01 August 2005 [10:18]
The Gyanja car factory coordinates the issue of the first export delivery of its output.
01 August 2005 [10:05]
Akbar Noman, the ex-manager of the World Bank (WB) on Azerbaijan, plans to arrive in Baku anew on 2 August.
01 August 2005 [10:00]
The Gazeksport Ltd, the daughter company of the Gasprom Joint Stock Company (JSC), resumed the gas export to Azerbaijan in the night from 29 to 30 July, the Azerigaz JSC told Trend.
30 July 2005 [11:15]
The goods turnover between Azerbaijan and Turkey has made up $237.5 million since early 2005. Turkey exported to Azerbaijan goods in the amount of $157.2 million or 7.5% of total import of the country, the State Customs Committee (SCC) told Trend.
30 July 2005 [11:03]
16090 physical entities have been registered in the country during January-June 2005.
30 July 2005 [09:49]
The Ministry of Labor and Social Security is going to define a consulting company for training targeted social aid in the social security centers throughout the country, including the Nakhcivan Autonomous Republic.
30 July 2005 [09:24]
New asphalt plant has been opened in Gazakh.
30 July 2005 [09:07]
$1 billion 385 million of $2 billion 311 million substantial expenditure planned for 2005 were spent on Azeri-Chirag-Guneshli (ACG) project during the first 6 months.
30 July 2005 [08:56]
Building of the upper modules of the Western Azerbaijan platform is conducted according to the schedule.
30 July 2005 [08:38]
The working out of conception of cosmic multistage conductor system has launched in Azerbaijan.
30 July 2005 [08:35]
Dervish Deniz, the Northern Cyprus Minister for Economy and Tourism, offered the Azerbaijani companies the construction of hotels as more attractive spheres of economy.
30 July 2005 [08:28]
Azerbaijan might become a transit country for export of the products to the Central Asia, Ferdi S.Soyer, the Prime Minister of the Turkish Republic of Northern Cyprus, told the journalists.
30 July 2005 [08:21]
EBRD credit allocated for LUKOIL Overseas will be ensured by a guarantee in the initial stage of construction of production facilities under the project on the construction of Shah-Deniz project, the company announced.
29 July 2005 [09:18]
Azerbaijan’s public arrears will comprise approximately 15% of the GDP late 2005. Azerbaijan will not borrow big funds in 2005, the Cabinet of Ministers told Trend.
29 July 2005 [09:01]
The second Azerbaijani delegation of entrepreneurs arrived in the Northern Cyprus on Thursday.
29 July 2005 [08:43]
Minister for education Misir Mardanov received World Bank chief specialist on education for Europe and Central Asia Kent Luis on 27 July.
29 July 2005 [08:39]
The Azerbaijani government plans to sign agreements with the World Bank (WB) in August 2005.
29 July 2005 [08:27]
Stage 1 construction under the Shah Deniz gas and condensate development project is currently 63% complete overall.
29 July 2005 [08:19]
The first 1 million barrels of Azeri Light oil, produced from the Azeri-Chirag-Gunashli (ACG) field, has been pumped to the Baku-Tbilisi-Ceyhan main export oil pipeline.
29 July 2005 [08:17]
A press-conference dedicated to abolishing the pretension in the amount of $ 150 million against the Azerbaijan Republic, Caspian Shipping Office and “Caspian Specialized Basin Accident-Rescue” Open Stock Company (OSC) was held in the Economic Development Ministry yesterday.
29 July 2005 [08:14]
The European Bank for Reconstruction and Development (EBRD) and Lukoil Overseas Holding Limited will sign in Moscow on Thursday a $100m credit agreement on financing a part of expenses under the project on development of gas-condensate field Shah-Daniz.
28 July 2005 [09:05]
The Cabinet of Ministers will submit the forecast macroeconomic figures for 2006 on 15 September, Farhad Aliyev, the Minister of Economic Development, told journalists.
28 July 2005 [08:53]
The State Oil Company of Azerbaijan (SOCAR) wants to apply to the head of the Russia’s Transneft Company, Semen Veinstock with an official letter stating the unfavorable situation around the export of the Azerbaijan’s oil through the Novorossiysk port, SOCAR told Trend.
28 July 2005 [08:51]
Russia does not permit the returning of the ships “Maestro Niyazi” ,”Natavan” and “Rasul Rza” belonging to Azerbaijan for the time being.
28 July 2005 [08:43]
Barmek Azerbaijan, the operator of the energy distribution network in Baku and Sumgayit, intends to invest 89,499m manats (over $19m) in the development of the electric network of Baku in 2005.
27 July 2005 [12:03]
Premium of insurance companies of Azerbaijan on the results f the first half of the current year grew by 11,9% as compared to the first half-year of the last year.
27 July 2005 [09:49]
The small enterprise ‘Anar-93’ started the construction of a sugar plant near the Baku-Astara motor highway in Salyan.
27 July 2005 [09:09]
The president Ilham Aliyev visited Khachmaz region yesterday.
27 July 2005 [09:03]
Azerbaijan will be shortly included in the list of countries recommended for tourist trips by the government of China. The accord between Azerbaijan and China on including Azerbaijan in the list of countries, recommended for traveling was achieved in the previous year during the visit of the Minister of Youth, Sport and Tourism Abulfaz Karayev to China.
27 July 2005 [08:38]
The Barmek-Azerbaijan Company does not fulfill its obligations on some clauses of the agreement, signed with the government of Azerbaijan for delivery in asset management of the energy distribution networks of Baku and Sumgayit, the Open Joint Stock Company (OJSC) Azerenerji head, Etibar Pirverdiyev told journalists on 26 July.
26 July 2005 [10:55]
A 45-member delegation will represent Azerbaijan in an international exhibition ‘Konia shoes, leather industry and fashion’, which will be held in Konya, Turkey, from 4 to 7 August, the Confederation of Azerbaijani Entrepreneurs (CAE).
26 July 2005 [10:54]
The Azerbaijani Micro Finance Bank of (MFBA) and the International Finance Corporation (IFC) signed an agreement on allotment of credit by the IFC.
26 July 2005 [10:50]
German government is ready to allocate 1 million 185 thousand euros to Azerbaijan.
26 July 2005 [09:02]
The Azerpocht state enterprise (SE) will apply postal money transfer on Western Union and Travelex systems. The work on realization of these systems is underway.
26 July 2005 [08:50]
The European Bank for Reconstruction and Development (EBRD) officially announced that the consideration of possible participation in the capital of Bank of Baku originally scheduled for 26 July to 6 September 2005.
26 July 2005 [08:49]
Ahmad Jahani, the manager of the World Bank (WB) on Azerbaijan, resigned from his prior to completion of his term.
26 July 2005 [08:48]
The Gobustan Operating Company (GOC) suspended the drilling of the appraisal well at the Kanizdag field and Coastal block, including into the contract area of the South-Eastern Gobustan for lack of some devices.
26 July 2005 [08:46]
The president Ilham Aliyev visited Guba region yesterday.
25 July 2005 [09:05]
Chevron Overseas Petroleum Azerbaijan Ltd. (COPAL), an operating company involved in the Absheron offshore bloc, notified its partners in the Heydar Aliyev rig utilization agreement about his leaving the agreement.
25 July 2005 [08:42]
The establishment of database for fighting terror, organized crime, drug trafficking and illegal migration will be on focus of the forthcoming meeting of the virtual centers of GUAM to be held in Baku on 25 July.
25 July 2005 [08:36]
The “Gasexport” company of Russia will stop gas transfer to Azerbaijan on July 26-29.
25 July 2005 [08:11]
In June money mass in Azerbaijan grew 6.044%, while in 2005 a rise comprised 12.7%. The National Bank of Azerbaijan said that as of 1 July the amount of money mass in Azerbaijan (M2) comprised 3851.3bn manats against 3,631,8bn mantas fixed as of 1 June and 3,418bn mantas as of 1 January 2005.
25 July 2005 [08:01]
Gobustan Operating Company (GOC) lost the case in the court on the suit for damaging the environment filed by the inspectorate on the environment and natural resources state control under the Ministry of Ecology and Natural Resources of Azerbaijan (MENRA), the Minister of
Ecology and Natural Resources Husseyn Bagirov told Trend.
24 July 2005 [09:23]
“Pakistani companies are eager to expand trade-economic relationships with Azerbaijan,” members of the Pakistani business delegation said in a meeting with the Azerbaijani entrepreneurs in Baku on Friday.
24 July 2005 [08:56]
The opening of Excelcior hotel in Baku, originally scheduled for July 22, has been postponed to 1 August 2005.
24 July 2005 [08:54]
The delegation led by the deputy of the executive director of the International Monetary Fund (IMF) Agustin Kaustens held meetings in the National Bank, Economic Development and Finance Ministries.
24 July 2005 [08:28]
President Ilham Aliyev today received the delegation led by Deputy Managing Director of International Monetary Fund (IMF) Agustin Carstens.
24 July 2005 [08:12]
The delegation consisting of 9 persons led by the 1st deputy of the chairman of Milli Majlis Arif Rahimzade took part in the seminar “About macroeconomic policy for the parliamentarians of the Southern Caucasus” organized in the institute of the International Monetary Fund (IMF) situated in the capital of Austria, Vienna.
24 July 2005 [08:10]
The tobacco production in the country will be increased to 20,000 tons a year in 2015, the Agriculture Ministry told Trend.
24 July 2005 [08:07]
Azerbaijan-U.S. joint venture Catel (Caspian American Telecommunications, LLC) plans to open over 10 express-centers in the capital and regions under an agreement signed with Omnitel, a distribution company, on the organization of cleint service network in commucnaition.
24 July 2005 [07:53]
The 9th Chinese International Investment and Trade Exhibition will be held in Siamine, China, from 8 to 10 September, the Fund of Encouragement of Investments and Consultations told Trend.
22 July 2005 [09:12]
Application of corporate standards is a long-term project. An expert of the Saving Bank Foundation for International Cooperation (SBFIC), Rayner Haberkorn, said that the application of such standards will take neither 2 nor 2 years in Azerbaijan.
22 July 2005 [09:07]
If Georgia refuses to purchase Azerbaijani gasoline, the State Oil Company of Azerbaijan (SOCAR) can find other potential markets from 2006.
Baku, Kyiv ink cooperation accord in SMBs
Baku hands over missing Armenian citizen to Russian peacekeepers
Azerbaijani, Kazakh PMs eye joint efforts to expand ties
New wind power plant seen as Azerbaijan's move towards clean energy
Turkish Foreign Ministry talks negotiations between emissaries of Ankara, Yerevan
Azerbaijani, Ukrainian presidents make press statements [UPDATE]
Meeting of special envoys to normalize Turkish-Armenian relations kicks off in Moscow