Business
14 November 2006 [23:38]
The first East Azeri oil has been delivered Sangachal Terminal and production of the profit oil from East Azeri Platform has started up.
14 November 2006 [16:51]
"ICSID's registering the request doesn't mean the solution to the problem. ICSID will take note of the acts and documents drawn up by international auditors but not the threats made by Barmek President Huseyn Arabul," Economic development Minister Heydar Babayev said.
14 November 2006 [16:10]
Georgia plans to cut its dependency on Russian gas -- possibly by as much as a half -- by the end of next year by striking deals with Azerbaijan, Iran and Turkey, Georgia's prime minister said on Monday.
14 November 2006 [13:44]
Azerbaijan leads the world in GDP growth rates, European Bank for Reconstruction and Development (EBRD) said.
13 November 2006 [18:57]
SOCAR's has announced the marketing survey for 1200 barrels of Azeri Light crude export at Ceyhan seaport.
13 November 2006 [16:14]
Russia's Energy Ministry has rejected a plan to expand the capacity of a Chevron-led oil pipeline from Kazakhstan to the Black Sea.
13 November 2006 [14:27]
The course on basics and expertise of economics and banking in the Islamic countries will be organized November 27-30 in Baku with the assistance of the Azerbaijan State Economic University, Islamic Development Bank and Islamic Researches and Education Institute.
13 November 2006 [14:25]
Belarus's ambassador to Azerbaijan Nikolay Patskevich visited some production enterprises of Goychay region.
13 November 2006 [14:23]
Within the framework of the Azerbaijan Corporate Governance Project, the seminar on introduction to the corporate governance was held for the representatives of the government agencies of Azerbaijan.
13 November 2006 [14:14]
13 November 2006 [14:10]
State Oil Company of Azerbaijan (SOCAR) exported 239,909 tons of oil via Novorossiysk terminal in October, and 942 thousand tons over 10 months.
12 November 2006 [20:48]
Topaz Energy and Marine]s Azerbaijan subsidiary, BUE Caspian has announced that it has launched two new vessels to its offshore vessel fleet.
12 November 2006 [20:43]
Turkey, which has privatized large companies such as T?rk Telekom, the Turkish Petroleum Refineries Corporation (TUPRAS) and Erdemir one after another, has become a role model for others.
12 November 2006 [20:14]
On November 10, Economic Development Ministry and US University of Louisiana signed an agreement on the development of the food industry.
12 November 2006 [20:10]
The Dubai based Rafi Oil company signed the Instrument of Accession to Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan, press service of Azerbaijan's State oil Fund said.
12 November 2006 [20:07]
12 November 2006 [19:52]
Azerbaijan's Ministry of Economic Development said gross domestic product (GDP) would grow 2.7 times over the next four years, compared with 2005.
12 November 2006 [19:51]
Ministry of Economic Development said over $23 billion was invested in Azerbaijan's economy since the country regained its independence in 1991.
12 November 2006 [10:49]
According to the agreement signed in UN regional transport meeting in Busan, Korea, Trans-Asia Railway Network will connect 28 countries and the length of the railway is 81 000 km.
11 November 2006 [11:02]
There are half million labor migrants from Azerbaijan in Ukraine.
11 November 2006 [11:00]
Armenia let 350cube/meter, Georgia 33-cube/meter waste water into the Kur, as a result heavy metals, phenol and oil products gets polluted in Azerbaijani part of the Kur.
11 November 2006 [10:57]
Milli Majlis discussed 2007 Draft Budget of the State Social Protection Fund.
10 November 2006 [22:49]
Glencore and Select Energy have won a tender called by the State Oil Company of Azerbaijani (SOCAR) for the 16th and 17th consignments of Azeri Light crude oil produced at Azerbaijan's Azeri-Chirag-Gunashli (ACG) fields this year.
10 November 2006 [22:27]
The International Bank of Azerbaijan (IBA) has inked the $130 million agreement with syndicate of 26 foreign banks from 12 countries at a rate of Libor + 0.9% for 1 year. The loan will be spent on the infrastructure projects.
10 November 2006 [21:27]
The weighted average exchange prices made up 0,8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 10.
10 November 2006 [20:09]
Romanian Foreign Minister Mihai-Razvan Ungureanu says Romania will offer Azerbaijani oil and gas supplies to Europe.
10 November 2006 [20:07]
The parliamentarians were indifferent to the discussion of 2007 Draft State Budget.
10 November 2006 [20:00]
The press conference concerning the establishment of the organization "Center of economic and juridical enlightenment of journalists" was held in Ganja.
10 November 2006 [19:57]
The decision, made at Korean conference of the United Nations Economic and Social Commission for Asia and the Pacific, on laying a railway line from Armenia to Vietnam is impossible to come true, said Azerbaijani Transportation Minister Musa Panahov.
10 November 2006 [19:55]
Paris Court today reviewed Azerbaijani ministry's request on the lifting of the arrest of its share in Eutelsut Company of France.
10 November 2006 [17:05]
Business forum, organized by Pakistan's Embassy in Baku and Azerbaijan National Confederation of Entrepreneurs (ACE), was attended by 15 Azerbaijani and some 30 Pakistani pharmacy businessmen.
10 November 2006 [14:19]
The TUSIAD-led Union of Black Sea and Caspian Confederation of Enterprises (UBCCE) will hold its first general assembly on Nov. 27 to which executives from the Armenian Industrialists and Businessmen's Association have been invited.
10 November 2006 [13:33]
Turcas Petroleum A.S started negotiations for the establishment of a joint venture with State Oil Company of Azerbaijan (SOCAR), the owner of 25 percent shares of BTC pipeline.
10 November 2006 [13:29]
Chairman of Azerbaijan's State Customs Committee Aydin Aliyev met with Special Representative for Commercial and Business Affairs at the U.S. Department of State Frank Mermoud, the Committee's press service said.
10 November 2006 [13:25]
President of SOCAR Rovnaq Abdullayev met with Special Representative for Commercial and Business Affairs at the U.S. Department of State Frank Mermoud and Ambassador of the USA to Azerbaijan Mrs. Anne Derse, press service of SOCAR said.
10 November 2006 [13:09]
Hand-over test of Bayva-Energy has been completed.
10 November 2006 [13:09]
Workshop on Export Alliance, supported by Economic Development Ministry, was held in the framework of EU TACIS Project Support to AZPROMO.
10 November 2006 [13:05]
As of November 1, Tekhnikabank JSC has allowed 65 mortgages. The total amount of the mortgages is AZN 1 430 000.
10 November 2006 [13:04]
The assets of Bank Standard grew by AZN 112% (USD 127 118 000), compared with late last year, in October.
10 November 2006 [13:03]
Technikabank JS CB has become a principal member of MasterCard.
10 November 2006 [13:02]
Azercell Telecom JV concluded roaming agreements with Hi3G Access AB and Hi3G Denmark Aps.
10 November 2006 [13:00]
Finance Ministry has announced a tender for high-quality documentary stamps or products.
10 November 2006 [12:59]
A delegation led by Industry and Energy Minister Natig Aliyev has visited China to attend oil conference to be held between November 9 and 16 in Beijing.
10 November 2006 [12:57]
Construction of Khachmaz thermal power plant has continued to progress.
10 November 2006 [09:04]
Investors from Islamic countries have been offered 34 private sector projects worth $453 million in Azerbaijan.
10 November 2006 [00:05]
The weighted average exchange prices made up 0.8728 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 9.
10 November 2006 [00:01]
Azerbaijan's Minister of Economic Development Heydar Babayev today met with visiting Chairman of the Polish Senate Bogdan Borusewicz and his accompanying delegation.
09 November 2006 [23:44]
Compensation rate for Azerbaijan will be 16.5% in international postal exchange from January 1, 2007.
09 November 2006 [23:31]
Issues relating to civil participation in discussions on the 2007 state budget and a new assessment of an international group were discussed at a roundtable in Baku on Wednesday.
09 November 2006 [23:30]
A senior Azeri official has dismissed statements by some economists concerning double-digit inflation in the country. "Evidently, these people have no idea what they are talking about," the State Statistics Committee chairman Arif Valiyev said.
09 November 2006 [16:30]
SOCAR associate company Khazardenizneftgaztikinti and Geoengineering is implementing repair works on main gas pipeline in Georgia, spokesmen of Azerbaijani embassy in Georgia, Elkhan Polukhov stated.
09 November 2006 [14:36]
Earlier this week the Dutch company FONDEL METAL PARTICIPATION BV filed its request for arbitration against the Government of Azerbaijan with the Washington-based International Centre for Settlement of Investment Disputes.
09 November 2006 [13:43]
British petroleum giant BP has stopped pumping oil from Azerbaijan to Georgia through the Baku-Supsa pipeline due to 'anomalies' exposed in the pipeline.
09 November 2006 [13:10]
Azerbaijan Investment Company OJSC will finance the first project by this year end, Company Executive Director Anar Akhundov told.
09 November 2006 [13:08]
SOCAR President Rovnag Abdullayev has today met with the members of the Caspian Development Advisory Panel (CDAP).
09 November 2006 [12:43]
Those living in the centers of regions and cisties will be able to receive social security benefits by plastic cards.
09 November 2006 [12:08]
SOCAR implemented drilling works of 14 459 meters in October with an exception of Joint Ventures and Operating Companies.
09 November 2006 [11:36]
Micro Finance Bank of Azerbaijan intends to open a branch in Khachmaz, Bank officer Sebastian Fariniarts told.
09 November 2006 [11:11]
SOCAR Marketing and Economic Operations Department exported 239 909 metric tons of crude oil from Novorossiysk Terminal in October.
09 November 2006 [10:06]
"Georgia is going to transfer electrical energy to Turkey and Azerbaijan. Expansion of the hydroelectric power stations enables Georgia to transfer electricity to these countries," Georgia State Electrical System told.
09 November 2006 [09:59]
Ganja-Istanbul-Ganja flight will be opened from December 2, 2007, Plantet.Co Director Elkhan Hasanov stated.
08 November 2006 [22:55]
Azerbaijan and Belarus led the CIS countries in January-September 2006 for industrial growth with 39.2 and 12.2 percent respectively on the same period last year.
08 November 2006 [22:26]
Polish Senate Marshal Bogdan Borusewicz said his country shows interest in cooperating with Azerbaijan in the oil and gas sector.
08 November 2006 [22:22]
As is informed, Prime Minister of Azerbaijan Artur Rasizade has met the Islamic Development Bank (IDB)’s President Ahmed Muhammad Ali who has arrived in Baku to partake at the International Investment Conference.
08 November 2006 [22:21]
The weighted average exchange prices made up 0,8721 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 8.
08 November 2006 [22:19]
08 November 2006 [22:10]
The officers of Interior Ministry Department Fighting Organized Crimes found lots of counterfeit goods cost over AZN 100 000 in Sederek Trade Center.
08 November 2006 [18:06]
The discussion of 2007 Draft State Budget continued in Parliament today.
08 November 2006 [17:52]
"Rumor that there is no accurate statistical information about construction in Azerbaijan is far from the true.
08 November 2006 [17:48]
Polish National Exhibition has today been held in Baku.
08 November 2006 [17:45]
The Georgian prime minister on Wednesday denounced Russia's move to more than double the price for natural gas for the ex-Soviet nation as "political blackmail," and said that Georgia would look for alternative suppliers.
08 November 2006 [15:47]
Investment conference has today been held in Baku by the Government of Azerbaijan and Islamic Development Bank.
08 November 2006 [15:15]
Armenia will sell VimpelCom the remaining 10% in one of the country's two telecom companies on condition it abandons further expansion plans, a minister said Wednesday.
08 November 2006 [14:51]
Azerbaijan's Communications and Information Technologies Minister Ali Abbasov addressed the Plenipotentiary Conference of the International Telecommunications Union (ITU), which will take place from Monday, November 6 to Friday, November 24 in Antalya, Turkey.
08 November 2006 [13:43]
"Hand-over test of Barmek is ongoing. The Government has control over the process. As to investment to the electricity companies after Barmek hands over all authority, the perspectives will be investigated, and investment might be attracted," Deputy Minister of Economic Development Mikayil Jabbarov told reporters.
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