Business
06 February 2007 [08:20]
Azerbaijan's BE&G Insurance Company intends to launch new insurance services such as mortgage, energy risk (oil&gas exploration and production) and jewellery carrying.
06 February 2007 [08:15]
United Arab Emirates Minister or Environment and Water, Dr. Mohammed Saeed Al Kindi, is expected to visit Azerbaijan at invitation.
06 February 2007 [08:10]
The Dow Jones industrial average lost 20.19, or 0.16 percent, to 12,653.49, after passing Friday a record close set Jan. 24.
06 February 2007 [08:00]
Tariff Council, State Price Regulator, has discussed new fares for intercity, in-city, suburban, and district passenger carrying, and prices proposed by State Land and Cartography Committee.
06 February 2007 [02:38]
Azeri state oil firm SOCAR has announced a tender for 450,000 barrels of Russian Urals crude oil for loading at the Black Sea port of Novorossiisk, the company said Monday.
05 February 2007 [22:03]
The weighted average exchange prices made up 0,8699 AZN for 1 US dollar in the Baku Interbank Currency Exchange on February 5.
05 February 2007 [21:38]
The first Armenian section of a key gas pipeline running from neighboring Iran will be officially inaugurated next month or in April at the latest, Energy Minister Armen Movsisian said on Monday.
05 February 2007 [21:34]
A U.S. delegation headed by Assistant Secretary of State for Economic, Energy and Business Affairs Daniel Sullivan has arrived in Astana to discuss diversifying Kazakhstan's oil and gas export routes.
05 February 2007 [21:30]
Minsk Automobile Plant /MAZ/ has sent two airfield passenger buses MAZ-171075 to Azerbaijan. The buses were purchased by the state concern Azerbaijani Airlines – AZAL for the work in the Heydar Aliev Airport in Baku.
05 February 2007 [21:28]
The United Nations on Monday lifted a ban on exports of beluga caviar, the most expensive type of the delicacy, after Caspian Sea states agreed to limit catches in view of concerns over declining fish stocks.
05 February 2007 [21:23]
President Aliyev has received the delegation headed by executive vice president of The Boeing Company and president and CEO of Boeing Commercial Airplanes Scott Carson.
05 February 2007 [17:44]
Oil prices fell in profit-taking Monday after rising nearly US$2 a barrel last week as forecasts of a cold snap in the United States raised expectations of higher demand.
05 February 2007 [17:34]
The fourth meeting of Pakistan-Azerbaijan intergovernmental joint commission will be held in Islamabad on Tuesday.
05 February 2007 [17:21]
Conference examining priorities of new quality phrase in economic growth and problems with use of financial resources, supported by UK Links, was held by Parliament commission or economic policy.
05 February 2007 [16:00]
Azerbaijan's foreign trade surplus totaled $1.1 billion in 2006.
05 February 2007 [12:33]
Georgian Minister of Economics and Infrastructure Giorgi Arveladze said that they hoped to sign a free trade agreement with Turkey in the near future.
05 February 2007 [12:20]
"Bilateral economic relations between Azerbaijan and the United States rose to partnership from cooperation in 2006.
04 February 2007 [15:08]
Turkish Prime Minister Recep Tayyip Erdogan will leave for Georgia on Feb. 7 to attend the signing ceremony for the Baku-Tbilisi-Kars (BTK) railway project.
03 February 2007 [17:56]
IP telephony service has been provided in Azerbaijan by President Ilham Aliyev's order effective January 1, Communications and Information Technologies Minister Ali Abbasov said.
03 February 2007 [17:50]
A protocol was signed with Communications and Information technologies Ministry of Azerbaijan within the visit of a delegation led by Ezzatollah Zarghami, President of Islamic Republic of Iran Broadcasting (IRIB).
03 February 2007 [12:45]
In total the deals closed on all instruments on the Baku Stock Exchange during January, 2007 stood at approx. AZN 179.304mln, up 4.5 times the same period last year.
03 February 2007 [12:42]
Azercell Telecom has put into use roaming agreements with Karnataka, Haryana and Himchal, the networks of India's Bharti Airtel. This is Azercell's fifteenth agreement with Bharti Airtel.
03 February 2007 [12:40]
Germany's Select Energy GmbH has won the tender announced by the SOCAR Department for Marketing and Economic Operations.
03 February 2007 [12:39]
In January, according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) Koc Bank-Azerbaijan headed the ranking of dealers with dealer operations in the total amount of AZN 16,356,515.14.
03 February 2007 [11:25]
The talks between Azerbaijan and RusAL have been suspended for short time.
03 February 2007 [11:20]
The meeting of the Azerbaijan-Moscow Intergovernmental Commission will be held this year.
03 February 2007 [11:10]
In January, 2007 according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) Standard Capital headed ranking of brokers with brokerage services of AZN 42,221,457.02 provided to five clients.
03 February 2007 [10:35]
Azerbaijan's Taxes Ministry paid AZN 2,716,621,200 to the State Budget, meting the forecast with a surplus (103.3%) in 2006.
03 February 2007 [10:30]
The weighted average exchange price made up 0.8701 AZN/USD at trading sessions on the Baku Interbank Currency Exchange on Friday.
03 February 2007 [10:25]
Authorized banks of Azerbaijan Mortgage Fund reached 23 in number after Industry Bank of Azerbaijan joined.
03 February 2007 [10:20]
The first preferential mortgage loan has been allowed after the presidential decree on improvement of mortgage lending mechanism in the country.
03 February 2007 [10:15]
The construction of Baku Module Power Station has continued to progress, and lighting and renovation of the territory is ongoing.
03 February 2007 [09:35]
Gunay Bank will be moving to a new location.
03 February 2007 [09:30]
Oil prices rose to more than $59 a barrel Friday on expectations of bitter cold weather in the U.S. Northeast this weekend and on growing concerns over geopolitical factors.
03 February 2007 [09:25]
Two road bridges and a tunnel will be commissioned in Baku on the eve of Novruz Holiday.
03 February 2007 [09:20]
At January 1, 2007, total amount of the current loan portfolio of 22 AMFA member bank and nonbank crediting organizations reached US $139,767,756, up 91.1% from the previous year.
02 February 2007 [23:12]
U.S. oil giant Exxon Mobil Corp. posted Thursday a record profit of 39.5 billion dollars in 2006, also the largest annual profit by a U.S. company.
02 February 2007 [22:48]
Azerbaijan Deputy Minister of Transport Musa Panahov comments perspectives of a regional railway project.
02 February 2007 [22:40]
President Ilham Aliyev of Azerbaijan received Senior Economist of the World Bank, author of the "Doing Business 2007" Simeon Djankov and the WB country manager Gregory Jedrzejczak, 2 February.
02 February 2007 [21:48]
The problem in the road bridge near Azizbayov metro station is related to corrosion in metal constructions.
02 February 2007 [18:12]
The presidents of Ukraine and Kazakhstan pledged Friday to boost energy cooperation between the two ex-Soviet republics as Kazakhstan tries to find more outlets for its energy resources and Ukraine seeks to boost the reliability of its imports.
02 February 2007 [15:09]
The Dow Jones Industrial Average (DJIA) closed at a record high following investor confidence in inflation and the economy.
02 February 2007 [14:31]
Turkey plans to sell natural gas to Greece from its own reserves if delays from the new Azeri Shah Deniz project are extended, an energy ministry official said.
02 February 2007 [01:36]
An explosion ripped through a storage tank at Turkey's largest oil refinery in northwestern Turkey on Thursday, killing two South African workers and injuring seven other people, the governor's office said.
02 February 2007 [01:04]
The Tokyo Stock Exchange and the New York Stock Exchange announced that they have signed a tie-up agreement.
02 February 2007 [01:03]
Stocks soared Wednesday afternoon amid the Federal Reserve, as expected before, left short-term interest rates unchanged at 5.25 percent, and showing that the economy remains healthy and that inflation pressures are easing gradually.
02 February 2007 [01:02]
Oil futures regained nostalgic prices Wednesday.
02 February 2007 [01:01]
Georgia is reshaping its energy balance to reduce gas consumption as much as possible by closing gas-fuelled power plants.
02 February 2007 [01:00]
Azerbaijan's Azerdemiryolbank has started up new Khamsa deposit product campaign.
02 February 2007 [00:54]
The weighted average exchange price made up 0.8701 AZN/USD at trading sessions at the Baku Interbank Currency Exchange on Thursday.
02 February 2007 [00:50]
Azerbaijan's UniLeasing doubled investments in the economy to AZN 10.9mln during 2006.
02 February 2007 [00:49]
Azerbaijan State Agency for Standardization, Metrology and Patents are monitoring bakeries in Baku to assess the quality and weight of bread loafs.
02 February 2007 [00:47]
The amount and price of Russian electricity supplies Azerbaijan is importing in the second quarter can be reconsidered, said Azerenergy Vice-President Marlen Asgarov.
02 February 2007 [00:45]
Azerbaijan is developing a five-year program on reconstruction of electricity networks in regions.
02 February 2007 [00:42]
Representatives from Lafarge, the largest cement manufacturer, are doing market research in Azerbaijan.
02 February 2007 [00:41]
Azerbaijan Micro Finance Bank trebled its loan portfolio to US $47.6mln at early January, 2007.
02 February 2007 [00:40]
Azerbaijan's leading mobile operator, Azercell JV, has concluded a GPRS/MMS roaming agreement with SFR operator of France.
02 February 2007 [00:39]
Taxes Ministry has deregistered 62 taxpayers for VAT during January.
02 February 2007 [00:27]
Communications services provided for the legal entities and individuals in Azerbaijan amounted to AZN $571.8mln during 2006, up 24% from the previous year. Privately owned communications entities provided 72.4% of the services (+24.1%).
02 February 2007 [00:26]
A delegation led by Ezzatollah Zarghami, President of Islamic Republic of Iran Broadcasting (IRIB), has visited Azerbaijan.
02 February 2007 [00:23]
The prices of Garadagh Cement products are not expected to be reviewed this year, Garadagh Cement Marketing and Sales Director Horia Adrian said.
01 February 2007 [23:44]
Head of Korean Purchasing Service Yong Min Kim had some meetings in the Ministry of Communication and Information Technologies.
01 February 2007 [16:52]
The European Bank for Reconstruction and Development is investing $10 million for a 10% equity stake in Garadagh Cement, the largest cement producer in Azerbaijan.
01 February 2007 [15:37]
Italy and Greece have concluded a cooperation agreement on construction of a natural gas pipeline linking Greece with Italy is due begin in June 2008, with completion slated for 2011, giving the European Union access to Caspian Sea and Middle East natural gas.
01 February 2007 [15:01]
Transport Ministry has invited the experts of Moscow Auto-Road Institute to investigate the problems appeared on the bridge near Mashadi Azizbayov metro station, Transport Ministry told.
01 February 2007 [13:52]
United Arab Emirates' Aabar Petroleum Investments Company (Aabar) announced the appointment of oil industry veteran David Woodward as Chief Executive Officer of the company.
01 February 2007 [13:25]
170 countries are taking part in the 27th edition of FITUR, The Madrid International Tourism Fair which was opened by King Juan Carlos on Wednesday.
01 February 2007 [01:09]
Cargo transportation in Azeri part of Transport Corridor Europe-Caucasus-Asia (TRACECA) reached 43.7mln tonnes in the period of January-November last year, up 5.3% from the same period previous year.
01 February 2007 [01:08]
The Board of Trustees of Azerbaijan Export and Promotion Foundation (AzPromo) will meet on February 6.
01 February 2007 [01:08]
Azerbaijan State Shipping Company (XDG) has submitted a passage schedule of its 28 dry-cargo ships for 2007 to Russia's Federal Agency for Sea and River Transport.
01 February 2007 [01:02]
As of January 1, the amount of loans invested in the economy of Azerbaijan reached AZN 2 362.7mln, up 64% or AZN 921.7mln from the previous year.
01 February 2007 [01:01]
Azerbaijan's Communications and Information Technologies Ministry has acquired third-generation (3G) technology frequencies.
01 February 2007 [01:00]
The total of Azeri banks' deposit and savings portfolios amounted to AZN 2 129.2mln at January 1, 2007.
01 February 2007 [00:52]
The weather changed on the night of January 30-31 in the northern regions of Azerbaijan.
01 February 2007 [00:43]
Recent energy price rise has increased the cost price of water in Azerbaijan, Azersu President, Nizamaddin Rzayev, said.
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