Business
23 May 2006 [08:08]
New, 6th credit agreement of $2 million has recently been signed between Commercial Bank (CB) UniBank and European Bank for Reconstruction and Development (EBRD). It will be directed to finance average and small enterprising projects in Azerbaijan.
23 May 2006 [01:30]
Crude oil prices rose Monday as the front-month contract expired, forcing traders who had anticipated lower prices at this point to become buyers to cover their bets.
23 May 2006 [01:19]
Georgia, Ukraine, Azerbaijan, and Moldova, which are members of the GUAM regional organisation, plan to set up an Energy Council.
23 May 2006 [00:31]
Azeri state oil company SOCAR announced a tender for the seventh consignment of Azeri Light crude oil produced at Azerbaijan's Azeri-Chirag-Gunashli (ACG) fields this year.
22 May 2006 [20:20]
Nation's largest airline increases service to Singapore & Baku
22 May 2006 [19:23]
The ArmRosgazprom Company intends to complete construction of 22.5 km of the first 47 km long section of the Iran-Armenia pipeline, ArmRosgazprom Director General Karen Karapetyan announced at a meeting with the press on May 22.
22 May 2006 [17:18]
"We spent more funds on the construction of the Baku-Tbilisi-Ceyhan main export oil pipeline, as we knew that in 2009 4% of all world oil will be delivered to the world oil markets via Turkey – through the BTC and the Bosporus and Dardanelle," BP Vice President Ian Palliser told.
22 May 2006 [13:29]
India's state-run refiner Hindustan Petroleum Corp (HPCL) has bought 1 million barrels of Azerbaijan's Azeri Light crude in a tender for July loading.
22 May 2006 [13:25]
The funds acquired from oil profits will be placed in foreign banks starting this year to eliminate the loss incurred due to the differences in currency exchange rates.
22 May 2006 [12:59]
From June 1, 2006 the International Bank of Azerbaijan increases interest rates on US dollar and Euro deposits.
22 May 2006 [07:32]
The Tariff Council of Azerbaijan plans to reconsider the tariffs of paid medical services in the country soon.
21 May 2006 [22:12]
Government of Kazakhstan keeps on debating the draft Treaty on the country's accession to Baku-Tbilisi-Ceyhan pipeline system, PM's press service reports.
21 May 2006 [22:05]
President of the Russian Federation Vladimir Putin and President of Kazakhstan Nursultan Nazarbayev discussed a wide array of bilateral relations in economics and politics during the meeting they held in Sochi on May 20.
21 May 2006 [18:03]
Turkish President Ahmed Necdet Sezer approved the cabinet decree regarding the nomination of Calik Energy to build the Samsun-Ceyhan Crude Oil Pipeline, which will transfer Russian and Caspian oil via Turkey.
21 May 2006 [17:17]
Russian oil holding company RussNeft intends to complete the acquisition of new assets abroad before the end of 2006, the company's president said Sunday.
21 May 2006 [17:15]
Economic growth in the former Soviet bloc will ease in 2006, with a mild upturn in central and southeast Europe offset by a slow-down in Russia and former Soviet republics, the region's development bank said on Sunday.
21 May 2006 [14:04]
Experts have already completed the feasibility study of the project allowing Azerbaijan to get 1 billion cubic meters of gas from Iran, press service of the AzeriGaz announced.
20 May 2006 [20:42]
Mortgage Fund has carried out the first operation to refinance mortgage loan together with the Bank Standard and Tekhnikabank.
20 May 2006 [11:25]
Ahmad Ahmadzadeh, Director OJSC Melioration and Water Economy, has today held a press conference on current activity and future plans of their organization.
20 May 2006 [10:33]
Bank of Baku Joint Stock Commercial Bank (JSCB) has opened its first two Bank of Baku-Express service stations in Baku.
19 May 2006 [19:39]
12th Azerbaijan International Food, Drinks and Packaging Exhibition (Interfood 2006) organized by the British ITE Group and its partner in the South Caucasus will be held May 24-26 at the Heydar Aliyev Sport and Concert Complex.
19 May 2006 [19:19]
Kazakhstan's KazTransGaz Thursday formally took possession of Georgian natural gas distributor Tbilgazi, Georgian Public Television Channel 1 reported.
19 May 2006 [13:23]
The eighth annual meeting of the Black Sea Trade and Development Bank (BSTDB) board of directors will be held in Baku on June 11. This will be followed by the Black Sea Business Day on the following day.
19 May 2006 [13:20]
A group of German businesspeople is due to arrive in Baku next Monday.
19 May 2006 [13:17]
Azerbaijan's leading cellular provider Azercell Telecom JV announced new plans to expand the coverage and quality of its services.
19 May 2006 [09:31]
Next round of negotiations on Azerbaijani membership to The World Trade Organization (WTO) will be organized in late this year, Mahmud Mammadguliyev, Deputy Foreign Minister, told journalists.
19 May 2006 [09:02]
Banking credit organizations resident attracted deposits was AZN545,1 million in April 1, 2006 that is 29,9% more than last year’s figure for the same period.
19 May 2006 [08:49]
Transportation in Azerbaijani part of Transport Corridor Europe-Caucasus-Asia (TRACECA) aggregated 11,7 million tons in January-March this year increasing by 14% in comparison to last year's figure for the relevant period.
19 May 2006 [08:39]
Volume of credits granted by financial-credit institutions in Azerbaijan reached AZN1 395,1 million in April, 1 this year exceeding previous year figures for the relevant period by 30%. 56,7% of them are short-term and 43,3% are long-term credits.
19 May 2006 [01:25]
Official talks between the Azeri government and World Bank on the occasion of preparing a project of improving and upgrade of court and administrative system in Azerbaijan have been finished, the Baku-based WB office informed.
18 May 2006 [22:41]
In an interview with the Ukrainian business daily Ekonomicheskie Izvestia published on May 18, Georgian State Minister for Economic Reforms Kakha Bendukidze said that Russia's decision to increase the gas price has triggered more interest in the Trans-Caspian and Black Sea gas pipeline projects.
18 May 2006 [20:36]
The 13th International Caspian Oil and Gas Exhibition Incorporating Refining and Petrochemical, which bring together 350 companies of 35 countries of world will take place June 6-9 at the Heydar Aliyev Sports Concert Complex in Baku.
18 May 2006 [20:34]
In accordance with the law "On Budget System", 2006 state budget law will be amended, Milli Majlis standing commission on economic policy reported.
18 May 2006 [20:32]
The weighted average exchange prices made up 0.9006 AZN for 1 US dollar in the Baku Interbank Currency Exchange on May 18.
18 May 2006 [19:56]
Rufat Jabrail Aslanli is appointed a new Chief Director of Azerbaijan National Bank (ANB) with a decision of the central bank Executive Board.
18 May 2006 [18:38]
The 1st international conference - "Europe-Asia transport relations in wider European context" took place in Baku today.
18 May 2006 [18:30]
Azerbaijan's Transport Ministry has prepared proposals on giving buses to transport companies by competition. Deputy transport minister Musa Panahov told journalists.
18 May 2006 [12:34]
A total of $747 million has been spent on the upgrade of roads in Azerbaijan in the past few years.
18 May 2006 [12:22]
The phone calls to Armenia using Azerbaijan's cellular provider Azercell Telecom are not dangerous, according to Minister of Communications and Information Technologies Ali Abbasov.
18 May 2006 [12:20]
The illegal interference of foreign television and radio channels, in particular, those of Armenia and Iran, to the air broadcasts in Azerbaijan will be prevented soon.
18 May 2006 [12:16]
Investments in Azerbaijan's economy have increased.
18 May 2006 [12:14]
The fees on the use of Internet in Azerbaijan are expected to rapidly fall soon, Minister of Communications and Information Technologies Ali Abbasov told the press Wednesday.
18 May 2006 [10:23]
Azerbaijan Chamber of Auditors (ACA) carries out examination.
18 May 2006 [10:15]
European Bank for Reconstruction and Development is in negotiations with Open Joint Stock Company (OJSC) Azerbaijan Investment Company to take part in its projects.
18 May 2006 [10:07]
Limited Liability Company (LLC) Barmek-Azerbaijan Energy Network has not paid fees for energy received by Open Joint Stock Company (OJSC) Azerenergy in last three months.
18 May 2006 [10:02]
Chan Gan Company, China, mission will visit Azerbaijan.
18 May 2006 [09:49]
Azerbaijan Mortgage Fund (AMF) has transacted first refinancing with Closed Joint Sock Company Bank Standard and Open Joint Stock Company Texnikabank.
18 May 2006 [09:26]
GDP production in Azerbaijan totaled AZN4 477,9 million or 39,5% more than last year’s figure, with comparative prices. GDP per capita reached AZN537,4 or $US589,2 increasing by 38,5%. State Statistical Committee informs.
18 May 2006 [09:21]
Rahim Huseynov, Head of Antimonopoly Policy Department of Economic Development Ministry has voluntarily resigned from his post.
18 May 2006 [09:08]
Barmek Holding filed a notification against The Ministry of Economic Development (MED) abuse of some duties appeared from the Contract on Bakuenergynetwork Management to MED itself.
18 May 2006 [08:50]
US companies have expressed interest in building a large petrochemical facility worth half a billion dollars in Azerbaijan, Minister of Economic Development Heydar Babayev told journalists.
18 May 2006 [08:49]
Azerbaijani government may revise valid transit tariffs for transportation of Kazakhstan corn to third country via Azerbaijani area.
17 May 2006 [21:28]
May 17 Chairman of the Constitutional Court of the Azerbaijan Republic Farhad Abdullayev met the World Bank Country Director for South Caucasus, Ms. Donna Dowsett-Coirolo.
17 May 2006 [13:18]
Kazakhstan has made up its mind about joining the Baku-Tbilisi-Ceyhan (BTC) main export pipeline to take Caspian oil to world markets.
17 May 2006 [13:09]
Latvian airline AirBaltic announced the opening of direct flights from Riga to Baku at the official reception at the Excelsior Hotel on Monday.
17 May 2006 [13:05]
The reports submitted by the stakeholders of the Extractive Industries Transparency Initiative (EITI) for 2005 will be reviewed by Deloitte & Touche auditing company.
17 May 2006 [13:04]
A summit on Caspian Eurasia Cargo Transport started in Baku on Tuesday.
17 May 2006 [09:08]
Azerbaijan plans to open a trade office in Israel in the coming year, according to Azerbaijan officials.
17 May 2006 [08:54]
Namig Hasanov, Head of Ministry of Transport Secretariat, states that businessmen and Baku City Executive Board applied to Tariff Council for this case last week.
17 May 2006 [08:47]
Alikhan Malikov, Azerigas Closed Joint Stock Company (CJSC) Director, held press-conference on current problems such as disbursement for natural gas, problems appearing in this realm and other relevant issues.
17 May 2006 [08:30]
Experts in The Finance Ministry vote against creating common tax on property through combining taxes on property and land considering this idea a useless offer.
17 May 2006 [08:21]
Turkish company Naturel plans to open trade place in Baku in the near future with the aim of organizing its products' sales in Azerbaijan.
16 May 2006 [22:05]
The 15th annual meeting of the Board of Directors of the European Bank of Reconstruction and Development (EBRD) will take place in London, May 21-22, according to press service of the Ministry of Economic development of Azerbaijan.
16 May 2006 [21:46]
Belarus said it will begin studying prospects of supplies of oil and oil products from Azerbaijan.
16 May 2006 [20:38]
Azerbaijan's President Ilham Aliyev issued a decree on ratification of the Regulations of Industry and Energy Ministry.
16 May 2006 [20:37]
"There will be five international airports in Azerbaijan," said Jahangir Asgharov, general manager of the Azerbaijan Airlines State Concern (AzAL).
16 May 2006 [20:35]
$200 million cost loan agreement on financing the reconstruction of Alat-Astara part of Baku-Astara highway and on repairs of Baku-Shamakhi road has today been signed between Azerbaijani government and The World Bank (WB).
16 May 2006 [20:29]
Works in Baku-Tbilisi-Ceyhan (BTC) oil-pipeline have completed. The first oil will be filled in tankers in the end of May early in June, Prime Minister Artur Rasizade has told journalists.
16 May 2006 [20:18]
An official ceremony on commissioning of Azerbaijan State Railway (ASR) Bilajari flushing and steaming station was held today.
16 May 2006 [09:49]
Baku Stock Exchange (BSE) hosted the auction on Ministry of Finance T-bills placement with the state registration number 10301013S yesterday.
16 May 2006 [08:59]
Program of industrial enterprises development in Sumgait is worked out.
16 May 2006 [08:55]
About 60 businessmen from Ankara and Istanbul cities of Turkey invited by Azerbaijani-Turkish Union of Industrialists and Businessmen (TUSIAB) have held meeting on TUSIAB premises.
16 May 2006 [08:36]
Russian RAO EES Company representatives will visit Azerbaijan next week.
16 May 2006 [08:07]
International Finance Corporation (IFC) and Asian Development Bank (ADB) are expected to obtain Azerigasbank Joint-Stock Bank shares of 17,5% for each by mid-June this year.
15 May 2006 [20:28]
Azerbaijan's President Ilham Aliyev issued an executive order on appointment of Shahmar Movsumov executive director of the State Oil Fund.
Azerbaijan reduces automobile imports from Georgia
Azerbaijan's energy strategy boosts regional influence and export prospects
Azerbaijani servicemen attend Efes - 2024 multinational exercise
Azerbaijani, Saudi Arabian ministers exchange views on economic development goals
President of Montenegro: Azerbaijan is a friendly country for us
National Defense University hosts meeting with representatives of Pakistan's military education
President Ilham Aliyev receives President of Chinese People's Association for Friendship with Foreign Countries [PHOTOS/VIDEO]