Business

12 November 2008 [10:48]

Waste incineration plant constructor registered in Baku

The Ministry of Taxes has registered CNIM Azerbaycan LTD to construct and regulate a waste incineration plant in Baku by the "single window" principle.
12 November 2008 [10:24]

Azerbaijan taking 69th place on competitiveness index

Day.Az reports with reference to Gazeta.kz portal that Azerbaijan takes 69th place among 134 countries by the competitiveness growth index in 2008-2009 in the framework of the Global Competitiveness program.
12 November 2008 [10:05]

Issue of Azerbaijani gas export to Georgia in 2009 not considered yet

The issue of export of Azerbaijani gas to Georgia in 2009 have not yet been considered, said head of Azerigaz Alikhan Melikov.
11 November 2008 [18:28]

Alikhan Melikov: "The population of Azerbaijan will not face problems with gas supply in winter"

In winter the population of Azerbaijan will not face problems with gas supply, said Azerigaz president Alikhan Melikov.
11 November 2008 [16:02]

German experts holding seminar on human resources management in Baku

A three-day seminar on human resources management in conditions of reformation of the systems of social insurance and pensions started in Baku.
11 November 2008 [15:22]

US senator visits Azerbaijan

U.S. Senator Bob Corker is visiting Azerbaijan November 11-12 to explore the broad range of bilateral issues, according to sources from the US embassy to Azerbaijan.
11 November 2008 [15:14]

US Energy Secretary to arrive in Baku

US President George Bush has ratified a composition of the US delegation to attend an energy summit to be held in Baku on November 14, reports Day.Az with reference to AzerTac.
11 November 2008 [14:45]

Turkish President to arrive in Azerbaijan

President of Turkey Abdullah Gul will pay a working visit to Azerbaijan on November 13.
11 November 2008 [14:14]

Azerenerji vice president: "Construction of Azerbaijani Hydroelectric power station not planned to continue"

The continuation of the construction of Azerbaijani hydroelectric power station is not planned, said vice president of Azerenerji Marlen Askerov, according to Novosti-Azerbaijan.
11 November 2008 [13:30]

State Statistical Committee: "Inflation rate will not top 22% by the end of the year"

Inflation rate will not top 22% by the end of the year in Azerbaijan and will not exceed this indicator, said acting chairman of the State Statistical Committee Arif Veliyev.
11 November 2008 [12:47]

Baku to host Azerbaijani-Swedish business-forum

Swedish Minister of Labor Swen Otto Litorin will arrive in Baku by invitation of the Azerbaijani Ministry of Labor and Social Protection.
11 November 2008 [11:31]

WB vice president to arrive in Azerbaijan

WB vice president Schigeo Catsu will arrive in Azerbaijan on November 18, reports Day.Az with reference to AzerTac.
10 November 2008 [18:50]

Baku to host Israeli-Azerbaijani seminar on hi-tech opportunities

Baku will host an Israeli-Azerbaijani seminar on hi-tech opportunities, said the press-service for the Israeli embassy to Azerbaijan.
10 November 2008 [17:55]

HP director general in Russia: "Azerbaijan is among CIS leaders in the sphere of information technologies"

Today Azerbaijan is among the leaders in the CIS area for the rates of application of information technologies in different spheres of human life, said HP general director on Russia and CIS states Rudi Kozak.
10 November 2008 [14:00]

Lithuanian President to visit Azerbaijan

On November 13 President of Lithuania will pay a working visit to Azerbaijan to attend the fourth energy summit to be held in Baku on November 14, said Azerbaijani ambassador to Lithuania Naira Shakhtakhtinskaya from Vilnius, according to Novosti-Azerbaijan.
10 November 2008 [12:14]

Igor Yakovenko: "Azerbaijani producers of computer technique have their own market"

"The computer market of Azerbaijan grows 25-30% every year", said president of Azel company Igor Yakovenko.
07 November 2008 [18:45]

SOCAR vice-president: "Azerbaijan regularly receives proposals on ensuring energy security of Europe"

SOCAR vice-president Elshad Nasirov met with a group of European journalists, representing the European Journalists Center.
07 November 2008 [18:31]

SOCAR vice president receives EU energy commissioner

SOCAR vice president on investments and marketing Elshad Nasirov received EU commissioner on energy Andris Piebalgas.
07 November 2008 [16:20]

Azerbaijan represented in a session of a strategic group of World Tourism Organization

Azerbaijani Minister of Culture and Tourism Abulfaz Garayev is attending a regular session of the strategic group of the World Tourism Organization in Madrid, said the press service for the Ministry.
07 November 2008 [16:12]

Influence of world economic crisis on Azerbaijani economy to be discussed in Washington

The US-Azerbaijan commercial chamber (USACC) is arranging a meeting on "Global financial crisis and its influence on the future of economy of Azerbaijan".
07 November 2008 [14:36]

Georgian Energy Minister: "The whole volume of natural gas to supply Georgian population with gas will be imported from Azerbaijan"

In 2007 Georgia may get less gas from Russia owing the possible opening of Iran-Armenia gas pipeline in November, said Georgian energy minister Alexander Khetaguri.
06 November 2008 [18:12]

Azerbaijan accounts for 1,148 ATMs and 7,665 POS-terminals

As of October 1 of this year the number of ATMs in Azerbaijan made 1,448.
06 November 2008 [17:40]

Azerbaijan predicts inflation will not to exceed 14% in 2009

Inflation is projected to be around 12-14% in Azerbaijan next year, said Shahin Mustafayev, Minister of Economic Development.
06 November 2008 [15:11]

AIC interested in investment into information and communication technologies

The Azerbaijan Investment Company is studying possible long-term investment into the sector of information and communication technologies.
06 November 2008 [10:20]

Oil transportation by Baku-Supsa pipeline resumed

BP-Azerbaijan has resumed transportation of Azerbaijani oil by the Baku-Supsa pipeline.
05 November 2008 [11:12]

Iranian Foreign Minister to arrive in Baku

The seventh session of the intergovernmental economic commission Azerbaijan-Iran will be held in Baku in November-December of 2008, reports Day.Az with reference to AzerTac.
05 November 2008 [11:06]

SOCAR opens representative office in Ukraine

The State Oil Company of Azerbaijan has opened a representative office in Ukraine, said leading specialist of the company Elchin Mamedov, Day.Az reports Shabiyar Shafiyev.
05 November 2008 [10:12]

Minsk to host session of intergovernmental economic commission Azerbaijan-Belarus

Minsk will host the fifth session of the intergovernmental economic commission Azerbaijan-Belarus in December, said adviser on economic issues of the Belarus embassy to Baku Sergey Panasyuk, Day.Az reports with reference to AzerTac.
04 November 2008 [18:15]

New Economic Development Minister starts staff dismissal

New Economic Development Minister of Azerbaijan Shahin Mustafayev started conduction of staff changes in his Ministry.
04 November 2008 [16:37]

Turkish Minister of Energy and Natural Resources: "BTC pipeline has transported 470,000,000 barrels of crude"

The daily volume of BTC pipeline transportation will reach 1,600,000 barrels.
04 November 2008 [14:58]

3,530 foreigners receive permission to work in Azerbaijan in 2008

In January-October of 2008 3,530 foreigners received an individual permission to work in Azerbaijan, said Rauf Taghiyev, chief of department of migration under Azerbaijani Ministry of Labor and Social Protection.
04 November 2008 [12:51]

Russian ambassador to Azerbaijan visits Samukh region

Russian ambassador to Azerbaijan Vasili Istratov visited the Samukh region of Azerbaijan on Monday.
04 November 2008 [10:19]

Transit of Kazakh oil via BTC pipeline commences

Transit of Kazakh oil via BTC Main export oil pipeline has commenced, APA reports with reference to ITAR-TASS agency.
03 November 2008 [22:19]

Baku-Novorossiysk pipeline exports over 1,000,000 of oil in January-October of this year

The SOCAR department of marketing and economic operations exported 83,678 tons of oil in October of 2008.
03 November 2008 [14:28]

45 bridges to be built in Azerbaijan in the next three years

45 motor bridges will be constructed in Azerbaijan in the next three years.
03 November 2008 [14:21]

Conference on methods of oil polluted lands cleaning held in Baku

A two day conference on methods of restoration of the oil polluted sections, organized by the department of ecology of the State Oil Company of Azerbaijan, kicked off in Baku.
01 November 2008 [13:29]

Azerbaijan’s largest broiler farm to shut down

Azerbaijan’s largest broiler farm, Merdekan Broyler, will shut down in November.
01 November 2008 [10:51]

WB representatives to arrive in Azerbaijan

A group of WB experts will arrive in Azerbaijani capital on November 10, reports Day.Az with reference to AzerTac.
01 November 2008 [09:51]

Azerbaijani ambassador calls on Kuwait businessmen to establish ties with Azerbaijani entrepreneurs

"We invite Kuwait investors to Azerbaijan and we always encourage Islamic investors to invest into the development of our economy", said Azerbaijani ambassador to Kuwait Shain Abdullayev at a press conference, Day.Az reports with reference to Kuwait Times.
31 October 2008 [17:32]

Azerbaijani-Turkish-American foundation established in the United States

The Azerbaijani-Turkish-American foundation (ATAF) was founded under support of the Azerbaijan -Turkey Businessmen Association Ahmed Erentok in the United States.
31 October 2008 [16:57]

Azerbaijani parliament adopts draft law on combat with money laundering and terrorism financing

Milli Medjlis of Azerbaijan has adopted the draft law "On combat with money laundering and terrorism financing" today.
31 October 2008 [16:35]

A new footbridge to be opened in Baku next month

A new footbridge will be opened in Baku in November, said Punhan Mursaliyev, Press secretary of Azeryolservis.
31 October 2008 [15:59]

New motor-road bridge to be launched in Guba region, Azerbaijan

A new motor-road bridge over Velvelchay river will soon be launched in the Guba region of Azerbaijan, said spokesman for Azeryolservis Punkhan Mursaliyev.
31 October 2008 [11:53]

Georgia owes $14,427 mln to Azerbaijan

The Georgian Finance Ministry has provided information about the external debt of Georgia and total volume of arrears.
31 October 2008 [11:37]

NBA reduces discount rate to annual 10%

The board of the National Bank of Azerbaijan decided to reduce the discount rates from annual 12 to 10% beginning from October 31, reports the press service for the National Bank.
30 October 2008 [18:40]

Azerbaijan is going to buy patrol ferryboats from Russia

Russian shipbuilding company Almaz is negotiating with Azerbaijan on the contract of sale of Sobol patrol ferryboats, said chief of the company’s special office Vladimir Mokhotayev, APA quotes Russian ARMS-TASS agency.
30 October 2008 [18:25]

Commodity turnover between Azerbaijan and US may grow up to $5 bln

Acting economic development minister of Azerbaijan Heydar Babayev received a delegation led by US commerce deputy secretary John Sullivan.
30 October 2008 [17:41]

Azerbaijan to raise pensions next year

Labor pensions and subsistence minimum will be raised in Azerbaijan next year, said Hadi Rajabli, chairman of a parliamentary commission for social policy.
30 October 2008 [16:52]

Educational center for young entrepreneurs to open in Baku

The opening ceremony of an educational center for young entrepreneurs will be held in Baku tomorrow.
30 October 2008 [16:38]

Project on support of reforms in the sphere of Azerbaijan's state spendings being implemented

The trainings "Development and financing of projects" have been launched in the framework of the USAID project on support of reforms in the sphere of state spendings of Azerbaijan.
30 October 2008 [12:54]

Oil leaks in the result of illegal connection to the Baku-Novorossiysk main oil pipeline

Leakage of 7.5 tons of oil in the Derbent region of Dagestan will not cause damage to the State Oil Company of Azerbaijan, said SOCAR vice president on investments and marketing Elshad Nasirov.
30 October 2008 [10:33]

US Commerce Deputy Secretary: "SOCAR has gained wide influence throughout the world"

SOCAR President Rovnag Abdullayev received a delegation, led by US Commerce Deputy Secretary John Sullivan on October 29.
30 October 2008 [10:13]

Azerbaijan covers electricity debt to Iran

Azerbaijan has completely covered its electricity arrears owed to Iran, said AzerEnerji.
29 October 2008 [14:48]

President of Azerbaijan receives US Commerce Deputy Secretary

President of Azerbaijan Ilham Aliyev received a delegation led by John Sullivan, US Commerce Deputy Secretary, reports Day.Az with reference to AzerTac.
29 October 2008 [13:55]

Real effective exchange rate of the manat climbs 15.1%

The real effective exchange rate (REER) of the manat (national currency) climbed 15.1% during January-September, an eight-year high since 2000, said the National Bank of Azerbaijan.
29 October 2008 [10:29]

Saipem wins contract for maintenance of BP offshore facilities in Azerbaijan

Saipem, Europe's biggest oil-field services contractor by market value, won a contract in Azerbaijan.
29 October 2008 [10:26]

Azerbaijan, Iran to discuss gas export next week

Azerbaijan and Iran will explore the possibility of a proposed gas deal in Tehran on November 3, ISNA reported.
28 October 2008 [18:00]

Georgian President to attend fourth energy summit in Baku

President of Georgia Mikhail Saakashvili will attend the fourth energy summit to be held in Baku on November 14.
28 October 2008 [17:06]

US Commerce Deputy Secretary arrives in Azerbaijan

US Commerce Deputy Secretary John Sullivan will arrive in Azerbaijan on Wednesday, US ambassador to Azerbaijan Anne Derse told journalists, APA reports.
27 October 2008 [15:54]

Azerbaijan raises passenger car import by 51%

In January-September of 2008 Azerbaijan imported 62,942 passenger cars.
27 October 2008 [14:35]

Session of railway administrations of CIS and Baltic states held in Baku

A two-week session of the railway administrations of the CIS and Baltic states started in Baku.
27 October 2008 [14:29]

Azerbaijani Railway Company predicting transportation of 35 mln tons of cargo in 2009

The Azerbaijan Railway Company is predicting transportation of 35 mln tons of cargo for 2009, according to sources from the company.
27 October 2008 [13:59]

Presentation of export catalogue of Azerbaijan to be held in Baku

The Azerbaijan Export and Investments Encouragement Foundation will hold a presentation of the export catalogue of Azerbaijan, prepared by Azerbaijani Marketing Sкаталогociety, on October 27.
27 October 2008 [12:07]

Gubad Ibadoghlu: "Oil price drop showed that Azerbaijan's dependence on oil prices is too dangerous for the country"

Day.Az interview with Gubad Ibadoghlu, famous economist and head of the Economic Research Center.
27 October 2008 [10:51]

Azad Javadov: "Bank depositors in Azerbaijan do not have to worry"

Azerbaijan has sufficient monetary reserves ($17 bln) to resist a situation when crisis would lead to bankruptcy of Azerbaijani banks", said chief executive of the Azerbaijan Deposits Insurance Foundation Azad Javadov.