Business
06 April 2007 [08:11]
Sumgait Electricity Networks has cut off power supply to over 20,000 defaulting customers.
06 April 2007 [08:10]
The Shah Deniz gas and condensate field, the giant one in the Azerbaijani sector of the Caspian, will not meet the target of 5.8 billion cubic meters of output planned for 2007 because of technical failure in well SDA-01.
06 April 2007 [08:07]
Azerbaijan's leading mobile operator Azercell Telecom JV has put a first international MMS roaming service in Azerbaijan with aim of making its customers to feel at home.
05 April 2007 [20:07]
The BP-run Baku-Ceyhan pipeline from Azerbaijan to Turkey has reached its full capacity of 1 million barrels per day, the British firm said on Thursday.
05 April 2007 [20:05]
Azerbaijan, Kazakhstan, Turkey and Georgia will set up a consortium to lay the Caspian section of the Trans-Asia-Europe fiber optic communication line, Azerbaijan's communications and information technologies minister said Thursday.
05 April 2007 [19:55]
Azerbaijani Communications and Information Technologies Ministry are discussing with international organizations the issue of orbiting national communications satellite. The country is carrying out technical and economic assessment for launching the satellite.
05 April 2007 [19:53]
Thursday, Baku hosted a roundtable meeting, supported by the USAID, the Eurasia Foundation and Entrepreneurial Development Fund, to examine transparency and efficiency in use of the oil revenues in the country.
05 April 2007 [15:58]
"They think we'll die from hunger if they kick us out. But in reality it's them who will die from hunger."
05 April 2007 [15:43]
Azerenergy and RAO EES (Unified Energy Systems) are not negotiating on import of Russian electricity.
05 April 2007 [15:20]
Preliminary court proceeding on case of president of Barmek Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, did not take place.
05 April 2007 [14:25]
100mln barrels of oil have been exported to Europe via the Baku-Tblisi-Ceyhan (BTC) pipeline.
05 April 2007 [12:03]
Tariff Council, State Prices Regulator, are considering proposals to increase railway transportation and communications tariffs and utilities fees for refuse collection, elevator and so on.
05 April 2007 [08:23]
The meeting of Standing Secretariat of TRACECA (Transport Corridor Europe Caucasus Asia) Intergovernmental Commission, National Secretariats and civil air transport administrations' chiefs held in Antalya is over.
05 April 2007 [08:21]
Azerbaijan communications market player Caspian American Telecommunications, LLC (CATEL) intends to reduce subscription fees and tariffs.
05 April 2007 [08:20]
The campaign for sugar-beet organized by Imishli Sugar Refinery of Azersun Holding Group of Companies is over.
05 April 2007 [08:20]
Azerbaijan's AzSighorta has opened an additional office in Sumgait.
05 April 2007 [08:14]
German government has already paid the funds for reconstruction of sewerage system of Ganja and Sheki regions of Azerbaijan, German ambassador to Azerbaijan Per Stankina told journalists.
05 April 2007 [08:07]
A delegation from Ulyanov province of Russia intends to pay official visit to Azerbaijan.
05 April 2007 [08:02]
Chief of State Customs Committee of Azerbaijan Aydin Aliyev received president of BP Caspian Sea Company Bill Schrader.
05 April 2007 [08:01]
Conference on 'International Trade, Standards and World Trade Organization (WTO): current situation, problems and prospects' has been held in Azersun Holding Group of Companies' head office in Baku.
05 April 2007 [07:59]
It is very profitable to harness the sun's rays as a source of heat, said Azerbaijan's Industry and Energy Ministry's official for Economy Department Rafig Aliyev
05 April 2007 [07:52]
In Azerbaijan consumer goods and services bought by population during January and February totaled AZN 1,421.3 million, 18.5% higher than a year earlier.
05 April 2007 [07:51]
Dubai hosted seminar Azerbaijan’s Investment Climate and Investment Potentials, said Azerbaijan's Ambassador to United Arab Emirates Eldar Salimov.
05 April 2007 [07:47]
Turkey has carried out economic assessment of Baku-Tbilisi-Akhalkalaki-Kars railroad construction project.
05 April 2007 [07:45]
Azerbaijan communications market player Caspian American Telecommunications, LLC (CATEL) Joint Venture will enlarge its coverage around the northern and southern regions of Azerbaijan to provide CDMA (Code Division Multiple Access) services.
05 April 2007 [07:38]
United Arab Emirates' businessmen intend to cooperate with Azerbaijan closely, said Eldar Salimov, Azerbaijan's Ambassador to this country.
04 April 2007 [19:44]
Economical delegation from Germany is planning to visit Azerbaijan soon.
04 April 2007 [19:42]
Akkord Group of Companies refuted Youth and Sport Minister Azad Rahimov's statement about carrying out unproductive negotiations over construction of youth camp in Azerbaijan.
04 April 2007 [19:30]
Baku has today hosted a trilateral meeting of Azeri, Kazakh and Georgian Prime Ministers - Artur Rasizade, Karim Massimov and Zurab Nogaideli.
04 April 2007 [19:26]
Azerbaijan Mortgage Fund (AMF) has amended mortgage loan lending mechanism.
04 April 2007 [19:22]
Azerbaijan's Industry and Energy Ministry has delivered a presentation on renewable energy development project in the country.
04 April 2007 [14:17]
Opening ceremony of the Baku grain terminal located in the suburb of Azerbaijani capital took place on Wednesday.
04 April 2007 [14:01]
Azerbaijan communications market player Caspian American Telecommunications, LLC (CATEL) intends to assemble CDMA cell phones in Azerbaijan in the nearest future.
04 April 2007 [13:24]
The price of flour products are not expected to leap in Azerbaijan and the country is capable of supplying its own needs for grain, said Azeri Agriculture Minister Ismat Abbasov.
04 April 2007 [12:35]
The employees, who will be redundant after the Shah Deniz field development project is complete, will be granted severance pay equal to their three-month wages, said Rovnag Abdullayev, the President of the State Oil Company of Azerbaijan (SOCAR).
04 April 2007 [12:18]
There is a need to further advance the developing bilateral cooperation between Azerbaijan and Kazakhstan, Azeri Prime Minister Artur Rasizade told a joint conference with his Kazakh counterpart Karim Masimov after a closed-door meeting, Thursday.
04 April 2007 [10:43]
The weighted average exchange prices made up 0.8665 AZN for 1 US dollar in the Baku Interbank Currency Exchange on April 3.
04 April 2007 [09:06]
Improtex Motors has marketed the new models of BMW X5in Azerbaijan.
04 April 2007 [09:04]
The UK HSBC Bank is planning to target Bluetooth phone-owners outside bank offices to encourage them to get more information about the services.
04 April 2007 [08:10]
In January-February 2007, GDP grew 9 percent on average in the CIS compared with the same period in 2006, the CIS intergovernmental statistics committee said.
04 April 2007 [08:07]
Kazakhstan will guarantee at least 10 million tons of cargo for a new railway line being built across the Caucasus and into Turkey, the Kazakh transport minister said Tuesday, in what would be a major vote of confidence for the cargo route.
04 April 2007 [08:04]
OJSC Royal bank of Baku intends to establish three new branches in capital this year.
04 April 2007 [07:56]
0n April 6-7, South Korean Company SKC will deliver a presentation of its technical draft for creation of Intellectual Traffic Control System in Baku.
04 April 2007 [07:54]
State Oil Company of Azerbaijan (SOCAR) exported 119,563 tons of crude oil through the Baku-Novorossiysk route during March.
04 April 2007 [07:51]
Azerbaijan's National Confederation of Entrepreneurs (Employers) Organizations (AEC) will hold trainings to increase productivity and competitiveness of the employers from April 4 to 6.
04 April 2007 [07:47]
Azerbaijan's UniLeasing has started a car leasing campaign for individuals.
04 April 2007 [07:47]
Azerbaijan is carrying out a WB-supported project to improve public immovable property management and registration.
04 April 2007 [07:45]
Azeryolservis OJSC has reconstructed over 20km road in Baku from February 21 to April 1 at the expense of Highway Targeted Budget Fund.
04 April 2007 [07:45]
The average monthly salary stood at AZN 161.4 during January and February, 25.4% higher than a year earlier.
04 April 2007 [07:44]
As of April 1, 635 mortgage loans were lent through funding from Azerbaijan Mortgage Fund. The total amount of financed loans was AZN 21mln.
04 April 2007 [07:43]
Azerbaijan's Finance Minister Samir Sherifov has left for Turkey to attend the first annual conference on current issues in financial management. The conference will be held in Turkey's Bikkent University.
03 April 2007 [21:28]
Promoting professional relations between employers and employees and raising awareness of labour rights are the focus of a seminar that started in the Nakhchivan Autonomous Republic of Azerbaijan on Tuesday.
03 April 2007 [20:46]
In March, 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 37,701,906.22 provided to six clients.
03 April 2007 [20:45]
Barmek-Azerbaijan Electricity Distribution LLC will claim Azerbaijan government damages worth 450-500 USD in International Center for Settlement of Investment disputes (ICSID).
03 April 2007 [20:44]
87 deals were closed at 32 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during March.
03 April 2007 [20:40]
Russia's Federal Agency for Sea and River Transport has not replied to Azerbaijan State Shipping Company's request to get a vessel passage via Russia's waters from April to November. Although navigation season began in Russia on April 15 the issue remains open.
03 April 2007 [20:30]
Kazakhstan reiterated its desire to be part of the Baku-Tbilisi-Ceyhan oil pipeline during a meeting Tuesday in the Azerbaijani capital.
03 April 2007 [19:37]
The total amount of the deals closed on Baku Stock Exchange tripled, year-on-year, to AZN 532.007mln over the first quarter of 2007.
03 April 2007 [19:24]
Azerbaijan's Transport Minister Ziya Mammadov will lead a delegation to the United Arab Emirates on April 18 through 20.
03 April 2007 [19:11]
Five southern European states and the European Commission signed Tuesday a declaration to build a pan-European oil pipeline to link Romania's Black sea port of Constanta with Italy's Trieste on the Adriatic.
03 April 2007 [14:04]
Kazakhstan has pledged to direct at least 10 million tonnes of cargo annually to the Baku-Akhalkalaki-Kars railway route, which is expected to go into operation after two and a half years, according to the Georgian Economy Ministry.
03 April 2007 [12:28]
As of April 1, the official currency reserves of the National Bank of Azerbaijan reached USD 2,007.62mln.
03 April 2007 [12:02]
The trade turnover between Azerbaijan and Georgia increased by 51 percent and amounted $59.8 million for the January and February of 2007 in compare with the corresponding period of 2006.
03 April 2007 [11:28]
03 April 2007 [11:26]
On Wednesday Georgian Prime Minister Zurab Nogaydely will pay a day visit to Azerbaijan.
03 April 2007 [09:12]
The weighted average exchange prices made up 0.8667 AZN for 1 US dollar in the Baku Interbank Currency Exchange on April 2.
03 April 2007 [09:10]
The meeting devoted the oil and gas field development in the Caspian and Black Seas and transportation to Europe was held at the Ministry of Industry and Energy of Azerbaijan.
03 April 2007 [07:53]
The second Meeting of Economic Cooperation Organization (ECO) Transit Transport Coordination Council can be held in June-July in Baku.
03 April 2007 [07:52]
Sumgait Electricity Networks has set up a task force to deal with the problems and debts owed by customers since the Barmek-Azerbaijan's period.
03 April 2007 [07:51]
Azerbaijan's Finance Ministry has announced a competition for printing of tax invoices.
03 April 2007 [07:47]
Booz Allen Hamilton consulting firm submitted the package of proposals on Regional Innovation Zones Establishment Project to Communications and Information Technologies Ministry of Azerbaijan on March 31.
03 April 2007 [07:46]
OJSC Royal Bank of Baku intends to raise its authorized capital 135 during the first quarter to AZN 10 million.
03 April 2007 [07:45]
A group of specialists of Transport Ministries of Azerbaijan, Georgia and Turkey and relevant bodies will visit Ukraine and Belarus on April 16.
03 April 2007 [07:43]
In late April, UK Bureau Veritas Quality International will conduct audit in AtaLeasing Company on application of Quality Management System that meets ISO 9001:2000 standards.
03 April 2007 [07:43]
Bank Standard lent the first home loan in Azerbaijan a year earlier.