Business
17 December 2007 [18:08]
The monetary reserves of the National Bank of Azerbaijan have risen $ 82.4 million or by 2.44% through a period from December 6 until December 13.
17 December 2007 [13:28]
The next year will not bring rise in prices of utilities, as reported by a high-ranking official from the Azerbaijani government.
17 December 2007 [13:20]
Azerbaijani President Ilham Aliyev received the vice president of BP Andrew Inglis.
17 December 2007 [11:41]
The visit of a delegation from Egypt to Azerbaijan is scheduled from December 25 until December 30.
17 December 2007 [10:43]
Azerbaijan is interested in Nabucco pipeline as it will open up additional opportunities for delivering gas from the Shahdeniz field to the European markets, the country`s Ministry of Industry and Energy said.
15 December 2007 [14:40]
The first forum on leadership in global infrastructure, recently held in New York (United States), aroused great interest among foreign investors.
15 December 2007 [14:05]
Several embassies, accredited in our country, evade taxes of their officials, who are the citizens of Azerbaijan, thus violating the country's legislation.
15 December 2007 [12:58]
New rules on transport means have been applied in the Nakhchivan Autonomous Republic (NAR).
15 December 2007 [12:45]
The shadow economy nears 15-16% in Azerbaijan, as reported by the chairman of the State Statistical Committee of Azerbaijan Arif Veliyev.
15 December 2007 [12:22]
An Italian delegation, led by the Italian Minister of External Trade Emma Bonino, is to arrive in Baku in late January-early February, 2008.
15 December 2007 [12:12]
The Asian Development Bank (ADB) and International Bank of Azerbaijan (IBA) have signed a $20 million subordinate loan agreement on December 14.
15 December 2007 [11:07]
15 December 2007 [10:56]
Azerbaijan has imported 55,758 passenger cars through 11 months of 2007.
15 December 2007 [10:16]
At present Azerbaijan does not have great problems with unemployment, as reported by the Azerbaijani Minister of Labor and Social Protection Fizuli Alekperov.
14 December 2007 [17:58]
Investments into the construction sector of Azerbaijan have made up 5,700,000,000 AZN through 11 months of 2007, which is a 17% rise as compared to 2006.
14 December 2007 [17:06]
Statistics shows rise in manufacture of production, which has previously been imported to Azerbaijan, as reported by the chairman of the state statistical committee of Azerbaijan Arif Veliyev.
14 December 2007 [16:50]
Since the beginning of the year, Azerbaijan has produced 38,100,000 tons of oil, which is over 30% rise as compared to 2006.
14 December 2007 [14:34]
South Korean builders are poised to ride on the latest oil boom to seek opportunities in Azerbaijan.
14 December 2007 [14:03]
The trade turnover between Azerbaijan and Korea has reached $100,000,000 this year.
14 December 2007 [12:32]
Kazakhstan doesn’t rush to pump its oil through the Baku-Tbilisi-Ceyhan Pipeline, Kazakh President Nursultan Nazarbayev told a joint conference with his Turkish counterpart Abdullah Gul.
14 December 2007 [11:03]
A delegation from the Transport Ministry of Azerbaijan will take part in the first annual leading global infrastructural forum in New York.
13 December 2007 [17:25]
The Citibank (United States) may be licensed for opening its representation in Azerbaijan by the end of the year.
13 December 2007 [15:14]
The Economic Research Center forecasts the rise in prices in Azerbaijan in late December.
13 December 2007 [14:35]
According to experts of the Economic Research Center, the State Statistical Committee of Azerbaijan deliberately uses imperfect methods of statistical research to declare information on country's economic growth which would please the government.
13 December 2007 [11:44]
The Netherlands Development Finance Company (FMO) has acquired 10% stocks in AzerDemiryolBank.
13 December 2007 [11:26]
Import of poultry products from Russia to Azerbaijan is banned temporarily, as reported by the deputy chief of the State Veterinary Service, Emin Shahbazov.
13 December 2007 [10:18]
A delegation comprising the representatives of Italian companies is to arrive in Baku in mid January of 2008 to discuss prospects of cooperation with Azerbaijani partners.
12 December 2007 [18:02]
The average annual inflation rate in Azerbaijan is forecasted to be 17-18% in 2007.
12 December 2007 [15:43]
Belarus parliamentarians have ratified an intergovernmental agreement on working activity and social protection of citizens of Belarus and Azerbaijan, temporary working on the territories of both countries.
12 December 2007 [14:53]
1692 foreign citizens, engaged in the economic sector, have been officially registered in Azerbaijan this year, as reported by the press service of the Ministry of Labor and Social Protection.
12 December 2007 [14:38]
The execution of the agreement on cooperation between Azerbaijan Investment Company and the Kuwait Financial House (KFH) will take more time, than it has previously been supposed, as reported by the chief executive of the Azerbaijan Investment Company Anar Akhundov.
12 December 2007 [13:38]
World Bank will assign $100,000,000 for the implementation of the first stage of the project of reclamation of oil polluted lands in Absheron, as reported by the WB vice president on Europe and Central Asia Shigeo Katsu.
12 December 2007 [13:22]
The turnover between the GUAM member-states have totaled $3,000,000,000 through 11 months of 2007, which is a $ 1,000,000,000 rise as compared to the previous year.
12 December 2007 [11:35]
Azerbaijan will not receive lax credits of the World Bank beginning from mid 2008.
11 December 2007 [18:38]
SECO (State Secretariat for Economic Affairs of Switzerland) will assign $ 3,000,000 for implementation of the 2nd phase of the corporate governance project in Azerbaijan (ACGP), as reported by the deputy chief of the SECO regional office on South Caucasus Thomas Mayer during an arrangement devoted to the completion of the first phase of the project.
11 December 2007 [17:31]
A new expert group of the International Atomic Energy Agency is to visit Azerbaijan on December 13, Adil Garibov, head of the Radiation Problems Institute under the Azerbaijan National Academy of Science reported.
11 December 2007 [11:19]
The Ministry of Culture and Tourism of Azerbaijan is planning to issue nearly 170 licenses to hotels by the end of the year, Minister Abulfas Garayev told reporters on Monday.
11 December 2007 [11:05]
11 December 2007 [10:32]
The World Bank (WB) expressed readiness to invest into the occupied lands of Azerbaijan after they are released.
10 December 2007 [17:58]
The WB Vice President for Europe and Central Asia Mr. Shigeo Katsu has familiarized with the establishment of individual accounting system within the framework of the Pension and Social Assistance Project for Azerbaijan aiming to assist the Government to better administer social protection programs, make the pension system more sustainable and build capacity to better target social assistance benefits to the most vulnerable groups.
10 December 2007 [17:38]
Prices rose by 25% on the real estate market of Azerbaijan in January-November, Nusrat Ibrahimov, the Chief Executive of Property Market Participants Public Union, said.
10 December 2007 [17:18]
The balance of payments surplus is expected to exceed $7,000,000,000 in Azerbaijan this year", Elman Rustamov, chairman of the Directors' Board of the National Bank of Azerbaijan, announced.
08 December 2007 [17:37]
By a resolution of the Cabinet of Ministers of the Azerbaijan Republic, March 20, 21, 22, 23 and 24 (Novruz bayramy), September 30 and October 1 (Ramadan, as well as December 8 and 9 (Gurban bayramy), have been declared the days-off for 2008.
12 July 2007 [23:04]
Vice-president of State Oil Company of Azerbaijan Republic (SOCAR) Elshad Nasirov visited Israel several days ago, Israeli Infrastructure Minister Benyamin Ben-Elizeer says.
12 July 2007 [13:24]
Last month price index in real estate market of Baku rose 0.5% or (1.1 steps) to stand at step 305.5, “Estate market attendees” public union told.
07 July 2007 [00:47]
The documents on the establishment of Azerbaijan Deposit Insurance Fund have already been submitted to the Justice Ministry.
29 June 2007 [12:08]
The National Bank of Azerbaijan’s decision to convert to “information rule” from “permission rule” for liberalization of capital movement allows capital outflow to the countries having mutual investment agreements.
14 June 2007 [14:28]
World Bank’s senior energy economist Bjorn Hamso will lead an energy mission to Baku on June 18.
14 June 2007 [14:27]
International Bank of Azerbaijan is planning to receive the fifth syndicated loan of $140 million to $150 million by this year’s end.
14 June 2007 [14:27]
European Union is to grant ?20 million to Azerbaijan this year.
14 June 2007 [14:25]
Improtex Marine & Sport Facilities, an official distributor of Japan’s Yamaha and UK’s Princess companies in Azerbaijan, intends to bring 5 Antares 650 yachts to Azerbaijan by this year’s end.
11 June 2007 [10:27]
06 June 2007 [11:00]
The total of deposits put with Azeri banks by Azerbaijani nationals amounted to AZN 908.4 million at April 1, 2007, up 66.6% from the same period last year.
06 June 2007 [10:59]
20.5 million barrels of crude oil was pumped to the world market via the Baku-Tbilisi-Ceyhan pipeline during May, said BP-Azerbaijan spokeswoman.
06 June 2007 [10:58]
The average monthly salary stood at AZN 166.1 during January and April, 25.8% higher than a year earlier.
01 June 2007 [17:09]
Azerbaijan Mortgage Fund (AMF) has used the 2006 budget-allocated AZN 26.5 million plus AZN 0.5 million earnings to finance mortgage loans.
01 June 2007 [17:03]
The Caspian Integration Business Club (CIBC) members have today met with Aydin Aliyev, chairman of the State Customs Committee.
01 June 2007 [17:02]
The Islamic Development Bank (IDB) is to lend a $100mln loan to Azerbaijan.
01 June 2007 [17:00]
24,000 vehicles were imported to Azerbaijan for the period of January-April, said Safar Mehdiyev, deputy chair of the State Customs Committee.
01 June 2007 [16:53]
Baku hosted a workshop on cooperation between Azerbaijan and South Korea in electricity generation.
01 June 2007 [15:08]
"The process of establishing a Guarantee Fund under Azerbaijan Mortgage Fund is complete. The charter and legal framework are ready too. The draft will be submitted to the Cabinet of Ministers and onward to the President for approval," said Faig Mammadov, the Executive Director of Azerbaijan Mortgage Fund.
01 June 2007 [14:55]
Azerbaijan-Germany Energy Forum will be held in Baku in July, 2007, Azerbaijani Embassy in Germany told.
01 June 2007 [13:46]
From March, 2006 to May, 2007 Azerbaijan Mortgage Fund (AMF) has lent AZN 50 million in mortgage loan.
01 June 2007 [13:15]
The Coalition Supporting Civil Society and the National Confederation of Entrepreneurs (Employers) have today held a roundtable in Baku to discuss the part business play in civil society development in Azerbaijan.
01 June 2007 [08:11]
Foreign experts fear that increasing budget expenditures will push up inflation in Azerbaijan. Surely, inflation mushrooms when there is money in great amount, said Ziyad Samadzade, chair parliament commission for economic policy.
01 June 2007 [08:07]
Azerbaijan's Bank Respublika has installed the first euro ATM in Azerbaijan.
01 June 2007 [08:06]
The services consumed by population during January-April amounted to AZN 623.2 million, up 33.5% from the same period last year.
01 June 2007 [08:05]
Baku Business Center has today hosted the second exhibition of young entrepreneurs.
01 June 2007 [08:04]
Azerbaijan's Azrgarant Insurance Company increased its authorized capital 43% to AZN 1 million.
01 June 2007 [08:03]
On May 31, Micro Finance Bank of Azerbaijan (MFBA) got a $5 million loan from the OFID International Financial Fund (The Opec Fund for International Development operating with OPEC – the Organization of Petroleum Exporting Countries).
01 June 2007 [08:00]
Azerbaijan has increases the limit for families to get targeted social assistance benefit by 14.3% to AZN 40 effective July 1.
01 June 2007 [07:58]
The 31st meeting of CIS Intergovernmental Council for Standardization, Metrology and Patents will take place in Dushanbe on June 3-4.
01 June 2007 [07:55]
The State Committee for Securities registered Atlantbank's issue prospectus for ordinary book-entry stocks.
01 June 2007 [07:54]
Baku Stock Exchange has held an auction for the placement of the National Bank's short-term notes with registration number 50102216S, total volume 80,000,000 manats, face value per note 200 manats, and turnover period 28 days.
01 June 2007 [07:53]
State Oil Company's 28 May Oil and Gas Production Unit has brought Well #162 online in platform #8 in Guneshli Field in the Azerbaijani sector of the Caspian Sea.
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