Business
18 October 2006 [15:11]
The National Bank of Azerbaijan intends to cooperate on the technical aid with the United States Agency for International Development (USAID). Negotiations with the newly-appointed USAID representative will be held to the effect.
18 October 2006 [12:29]
Indian Oil (IOC) is looking at Europe for growth. The country's largest refiner has applied to the Energy Market Regulatory Authority of Turkey for setting up a 15-million-tonne, $6-billion grassroots refinery at the Mediterranean port city, Ceyhan.
18 October 2006 [12:18]
Citigroup has agreed to pay $3.1 billion for a 20 percent stake in Turkey's Akbank, a move seen aimed at strengthening the U.S. financial giant's position in the competitive and fast-growing Turkish market.
18 October 2006 [11:42]
The third Extractive Industries Transparency Initiative (EITI) conference on fighting corruption in the energy and mining sectors urged poor but resource-rich countries to protect their wealth with fiscal transparency.
18 October 2006 [11:09]
Russia was the main trade partner of Georgia during the period of January-August.
18 October 2006 [11:03]
For next year, Azerbaijan's domestic debt ceiling was set at AZN 300 000 and foreign debt ceiling AZN 1.2m, Parliament economic policy commission informed.
18 October 2006 [10:59]
As of 1 October, 2006 assets of Bank of Baku open joint-stock company made up AZN 64.16m increasing by 17.51% or AZN 9.56m as against the early year.
18 October 2006 [10:57]
Georgian Fuel and Energy Minister Nika Gilauri will visit Iran to hold talks on gas imports on October 22-23.
18 October 2006 [10:53]
The 3rd international Extractive Industries Transparency Initiative Conference opened October 16, 2006 in Oslo, Norway.
18 October 2006 [10:48]
Over 1.104bn cu m of gas has to date been injected into underground reservoirs. Azerigas spokesman Kamandar Eyvazli told that the volume of gas in reservoirs will exceed the volume of last year.
18 October 2006 [09:54]
The indirect subsidy from the State Budget for the unpaid fuel purchased for energy sector is planned to be AZN 330 000.
18 October 2006 [09:49]
Swiss Company ADDAX BV has won the tender announced by SOCAR Marketing and Economic Operations Office.
17 October 2006 [17:00]
The concept adopted by Dubai-based Techno Park to promote development through a culture of innovation in science and technology has attracted considerable attention at a conference on special economic zones in Baku, Azerbaijan.
17 October 2006 [15:28]
Caspian Service garage collapsed at Deep Jacket Factory.
17 October 2006 [15:24]
President Ilham Aliyev approved and sent the 2007 Draft State Budget to Parliament.
17 October 2006 [15:20]
President Ilham Aliyev issued a decree on ratifying new Azerbaijani composition of Joint Intergovernmental Commission for Azerbaijan-Belarus Economical Corporation.
17 October 2006 [15:18]
The first natural gas supply that would be transported by Nabucco gas pipeline would come from Azerbaijan, Bulgaria's newspaper Banker weekly quoted Bulgargaz executive director Kiril Gegov as saying.
17 October 2006 [10:16]
Foreign Minister Elmar Mammadyarov on October 16 met with Ambassador Peter Allgeier, US Representative at World Trade Organization (WTO).
17 October 2006 [09:10]
Azercell Telecom has started SMS Days Campaign.
17 October 2006 [09:09]
The total assets of Atabank grew 55.2% in the period of January-September to AZN 49.5m.
17 October 2006 [09:08]
"The World Trade Organization wants Azerbaijani Government to reduce subsidy to agriculture from 14% to 10% and lower," Deputy Foreign Minister, head of the negotiations group for WTO accession, Mahmud Mammadguliyev said.
17 October 2006 [09:07]
AtaBank has to date issued over 14 000 plastic cards.
17 October 2006 [09:03]
A delegation composed of representatives of some 30 foodstuff companies will participate in CIAL foodstuff exhibition in Paris.
17 October 2006 [09:01]
World Bank mission for pensions and social allowances will visit Azerbaijan on October 19-27.
16 October 2006 [20:33]
The weighted average exchange prices made up 0.8730 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 16.
16 October 2006 [20:26]
Armen Avetisian, the controversial chief of the Armenian customs, claimed on Monday that his agency is not as corrupt as is widely thought and might even be more law-abiding than customs authorities in the United States.
16 October 2006 [18:51]
Azerbaijan has suspended grain imports from Russia and Kazakhstan.
16 October 2006 [16:30]
The external debt of Azerbaijan has stood at USD 1 8bn and that is to say, per capita foreign debt equaled to $215, Ziyad Samadzade, chairman of economic policy standing commission of Parliament, said reporters.
16 October 2006 [16:08]
Turkish consumers were advised on Sunday to cool their anger over the French parliament's decision to criminalize denial that Armenian killings during World War I constituted "genocide."
16 October 2006 [15:34]
The fare for subway will not rise next year.
16 October 2006 [15:12]
Chairman of the Chamber of Auditors of Azerbaijan Vahid Novruzov will attend the Slovak Chamber of Auditors' international conference on "European Union's 8th Directive and statutory audit" in Slovakia's capital of Bratislava, October 19-20.
16 October 2006 [13:17]
The World Trade Organization's requirements to Azerbaijan are very difficult, Deputy Foreign Minister, head of the negotiations group for WTO accession, Mahmud Mammadguliyev said.
16 October 2006 [12:36]
A workshop took place today, examining problems of Azerbaijan's industry priorities development within Technical Cooperation Program for Azerbaijan by United Nations Industrial Development Organization (UNIDO) and World Trade Organization (WTO).
16 October 2006 [11:37]
Wartsila said it has won an order to supply Azerbaijan's AzerEnerji with a 300 MW multi-fuel power plant.
16 October 2006 [09:51]
The industry and energy ministers of Korea and the Republic of Azerbaijan will hold a joint economic conference on Monday in Seoul to discuss ways to boost economic cooperation.
15 October 2006 [20:01]
Dr. Tina Gelashvili, the head of the economics department at the University of Tbilisi's Akhaltsikhe campus, believes the railroad will create new opportunities for both Georgia and Turkey.
15 October 2006 [18:43]
Turkish consumers are launching a boycott of French goods following the French parliament's decision to pass the Armenian bill, which foresees punishment of those denying an "Armenian genocide." Some Turkish citizens are refusing to buy products upon learning they are French.
15 October 2006 [15:00]
Azercell Telecom joint company has signed a roaming agreement with Maldives' Wataniya Telecom mobile operator.
15 October 2006 [14:58]
The weighted average exchange prices made up 0.8734 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 13.
15 October 2006 [14:39]
Azerbaijan Economical Development Ministry Tariff Council held press conference with participation of Economic development Minister Heydar Babayev and Deputy Transport Minister Musa Penahov concerning apply of new tariffs in buses.
15 October 2006 [14:38]
Financial income flood causes danger for Azerbaijan It means that two-digit inflation still remains in Azerbaijan, Ziyad Samadzadeh, the chief of Azerbaijan Parliament Economical Policy Commission told journalists.
14 October 2006 [16:21]
Tariff Council will not discuss subway fee this year, Heydar Babayev, Azerbaijan Economic Development Minister and Tariff Council chief told journalists at the press conference.
14 October 2006 [13:45]
World Trade Organization (WTO) and UN Industry Development Organization (IDO) provide technical aid for Azerbaijan in 2006.
14 October 2006 [11:26]
Russia intends to maximally reduce electricity exports to Ukraine, Belarus, South Caucasus and Baltic States in winter, Anatoli Chubais, the head of RAO EES of Russia said.
14 October 2006 [11:19]
Nika Gilauri, Georgian Minister of Energy, will leave for Teheran on October 21 to negotiate gas import from Iran.
14 October 2006 [11:19]
UniBank CB has increased the Progressive Deposit rates for USD entries.
14 October 2006 [11:17]
Rise in the price of building materials results from dynamic development of construction sector, Azerbaijani Economic development Minister Heydar Babayev said.
14 October 2006 [10:53]
During the period of January-September the incomes of Azerbaijani population reached AZN 7.4bn at face value which represents a 21.2% or AZN 1.3 m on the same period last year.
14 October 2006 [10:50]
Gross domestic product – the output of goods and services produced by labor and property in Azerbaijan- grew by 34% year on year, in the first nine months of 2006, to AZN 3.1bn, State Statistical Committee told.
14 October 2006 [10:33]
The indicators of Azerbaijan Microfinance Bank for the first nine months of this year have grown more than 100%.
14 October 2006 [10:23]
Taxes Ministry Operational Control Department have to date examined 123 469 various kinds of trade facilities and found serious irregularities in 28 829 of them.
14 October 2006 [10:12]
Azerbaijani, Russian and Iranian railway senior officials will meet in Tehran to discuss the Project on North-South transport corridor, Azerbaijan State Railway Company Chief Arif Asgarov told media briefing that the trilateral meeting will take place in November.
14 October 2006 [01:09]
Statoil ASA, Norway's largest oil producer, agreed to a $21 million fine for paying bribes to try to win influence in Iran in violation of the U.S. Foreign Corrupt Practices Act.
14 October 2006 [00:51]
Questions on construction of the Kars-Akhalkalaki-Tbilisi-Baku railway were discussed during a meeting between Azerbaijan's Transport Minister Ziya Mammadov, Georgia's Minister of Economic Development Iraqli Jacovadze and a representative of Turkey's Transport Minister Musa Tunjay.
13 October 2006 [16:07]
Treaty was concluded on tourism cooperation between Azerbaijan and Belarus in 2007-2008.
13 October 2006 [15:18]
Azerbaijan's Minister of Economic Development Heydar Babayev met with members of the United Kingdom's delegation to the Interparliamentary Union.
13 October 2006 [14:48]
Georgian Economy Minister Irakli Chogovadze has visited Baku.
13 October 2006 [14:30]
President Aliyev issued a decree on creating Budget Fund for Highways.
13 October 2006 [14:28]
Turkey has to date earned US $ 100m from taxes as well as transportation through BTC which came on line June 4 APA reports quoting Anatolia Agency.
13 October 2006 [09:37]
Azerbaijan said Thursday that it could not promise to start gas supplies to its neighbor Georgia next year, in a setback to Georgian hopes of reducing the country's energy dependance on Russia.
13 October 2006 [09:19]
Tax terminals will be commissioned in 15 Azerbaijani regions by this year's end.
13 October 2006 [09:17]
72% of the gas bills were paid by the population in September.
13 October 2006 [09:15]
13 October 2006 [09:14]
Azerbaijani Industry and Energy submitted proposals to the Government on write-off of the debts of the enterprises.
13 October 2006 [09:12]
Azerbaijan Bank Training Center will give business trainings within Project on Development of Business Service for SME funded by BP and International Financial Corporation.
13 October 2006 [09:10]
A trial on the lawsuit the ANS Group of Company's ANS Commerce brought against Taxes Ministry took place on Thursday.
13 October 2006 [08:59]
Delegation of Azerbaijan's Industry and Energy Ministry will pay a visit to South Korea, Minister Natig Aliyev said.
13 October 2006 [08:58]
SOCAR Marketing and Economic Operations Department announced a tender on export of SOCAR 1 168 000 barrels of Azeri Light crude oil from Batumi Port November 4-10 and 10-15.
13 October 2006 [08:55]
The Social Development Fund for Internally Displaced Persons will announce the result of tender for establishment of five settlements in Bilasuvar.
12 October 2006 [20:28]
President Traian Basescu and his Azerbaijani counterpart, Ilham Aliyev, on Wednesday discussed the construction of new pipes for the transport of gas and petrol into the European market, according to a press release from the presidential administration.
12 October 2006 [20:21]
The weighted average exchange prices made up 0.8734 AZN for 1 US dollar in the Baku Interbank Currency Exchange on October 12.
12 October 2006 [19:00]
If Georgia and Iran reach a natural gas export agreement, Azerbaijan is ready to allow Iranian gas to be transited across its territory to Georgia, the country's industry and energy minister said Thursday.
12 October 2006 [16:40]
Meeting between the Azerbaijani and Romanian businesspersons was held October 11 at the Azerbaijan National Confederation of Entrepreneurs (Employers) Organizations (ASK).
12 October 2006 [15:55]
Oil prices fell to their lowest level this year on Thursday as traders waited for OPEC to thrash out details of an output cut and the market anticipated another rise in already hefty U.S. crude inventories.
12 October 2006 [15:30]
The State Oil Company of Azerbaijan (SOCAR) said Thursday its crude output grew 0.2%, year-on-year, in the first nine months of 2006, to 6.736 million metric tons (49.51 million bbl).
EU acknowledges strategic significance of Baku International Sea Trade Port in Middle Corridor
Weapons & ammunition discovered in Khankendi
South Korea conducts live-fire exercises near borders of DPRK
Navigating challenges in Azerbaijan's trade turnover amidst global uncertainties
TikTok closed in Kyrgyzstan
Azerbaijan's AccessBank joins UN Global Compact
Rising fuel expenses signals economic challenges for Azerbaijan