Business
16 January 2007 [01:02]
AzerTurkBank intends to join XPress Money Transfer System in the nearest future.
16 January 2007 [00:43]
During 2006 the Finance Ministry's Department for State Control over Insurance carried out examination in six insurance companies and revoked the license of Londongate Insurance Company 2006 because of irregularities.
16 January 2007 [00:40]
A number of representatives from France's Lafarge, the largest cement manufacturer of the world, will visit Azerbaijan.
16 January 2007 [00:39]
NIKoil Investment bank intends to raise its credit portfolio to at least $100m, more than double deposit portfolio to $70m this year.
16 January 2007 [00:37]
The World Bank has released its forecasts for macroeconomic growth of Azerbaijan in before-2010 period within the Country Partnership Strategy (CPS) for Azerbaijan, a central document defining the World Bank Group's support to Azerbaijan to meet the country's key development challenges, including reducing poverty, modernizing infrastructure, and improving governance and social services.
16 January 2007 [00:36]
Culture and Tourism Ministry has begun licensing process from Monday.
16 January 2007 [00:22]
London Brent oil fell by 4.8% last week and Light Sweet oil dropped by 5.9% on the New York Mercantile Exchange.
16 January 2007 [00:20]
Azerbaijan's Standard Insurance Company intends to open five branches in Baku and regions this year.
15 January 2007 [22:41]
The weighted average exchange prices made up 0.8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 15.
15 January 2007 [22:26]
The stability continuing from early 2006 in the real estate market suddenly jumped in late the year.
15 January 2007 [17:24]
During 2007-08 government spending is projected to increase by about 35 percent p.a. (in nominal terms) as the reconstruction agenda continues, reads the World Bank's 2007-10 Country Partnership Strategy (CPS) for Azerbaijan.
15 January 2007 [13:42]
The gas production was resumed in the giant Shah Deniz gas field in the Caspian Sea at 21:30 local time, Sunday.
15 January 2007 [13:15]
January 16, Azerbaijan and Russia intend to sign an electricity deal in Baku after coming agreement on the amount and price of electricity imports for 2007, the Cabinet told.
14 January 2007 [20:51]
Azerbaijan, Georgia, and Turkey have reportedely agreed on the details of a project to lay a rail line from Turkey to Azerbaijan via Georgia.
14 January 2007 [20:49]
Railroad traffic between Azerbaijan and Georgia, which was interrupted by a cargo train accident, has resumed, a source at the Georgian Railroad company said.
14 January 2007 [15:18]
Russian energy giant Inter Rao Ues has decided to establish a 400 million dollar thermal power plant in Gonen, Balikesir.
14 January 2007 [02:26]
The Adidas Group announced on Saturday that it has bought the distribution rights for the Reebok brand in Turkey from RBK Spor Urunleri.
13 January 2007 [16:21]
Azerbaijan's largest mobile company Azercell Telecom has signed GPRS/MMS roaming agreement with Hungary's Vodafone and Sri Lanka's Dialog mobile operators, press service of the company said.
13 January 2007 [16:05]
Azerbaijan gas reached Georgian borders on January 12 for further distribution domestically, Georgia's Ministry of Energy reported.
13 January 2007 [15:54]
On Saturday, at about 13.20 the 25th, 26th and 27th cars of Baku-Georgia oil tank cars train ran off the rails near Govlar station of Tovuz region.
13 January 2007 [14:40]
"Carrying capacity of Kars-Akhalkalaki-Tbilisi-Baku railway will be 15m tonnes a year," saif Director General of Georgian Railway Ltd. Irakli Ezugbaya.
13 January 2007 [02:12]
The weighted average exchange prices made up 0.8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 12.
13 January 2007 [02:06]
All the telephone network of Baku will be made electronic by this year's end.
13 January 2007 [02:06]
A mission of the Asian Development Bank will visit Azerbaijan in late January.
13 January 2007 [02:05]
The mission of the International Monetary Fund will pay a visit to Baku.
13 January 2007 [02:04]
"Azerbaijan will cover needs for natural gas at its own resources, the level will not be lower than that of 2006," Azerigaz CJSC chief Alikhan Melikov said in his speech in the conference of YAP Khetai district organization.
13 January 2007 [02:03]
Press Council and editors-in-chief discussed today the proposals concerning the rise of newspaper prices.
13 January 2007 [02:02]
Baku Telephone Communications Unit intends to launch a new electronic telephone info system in a month.
13 January 2007 [01:55]
The Azerbaijani government is ready to finance the construction of the Kars-Akhalkalaki-Tbilisi-Baku railroad, said Azeri Minister of Transport Ziya Mammadov upon completion of the meeting with Georgian Prime Minister Zurab Noghaideli.
13 January 2007 [01:54]
The State Oil Company of Azerbaijan (SOCAR) has stopped gasoline exports, the Company told the APA.
13 January 2007 [01:53]
The authorized banks of the Azerbaijani Mortgage Fund (AMF) have to date issued 243 mortgages since March this year while 350 applications were received.
13 January 2007 [01:52]
Baku Metro is not going to request the Tariff Council to increase the fares.
13 January 2007 [01:37]
No amendments are planed to make to the 2007 State Budget after the hike in energy prices in the country.
13 January 2007 [01:36]
Agriculture Ministry has notified the Government of the undesirable affects of the recent energy price hike and sent proposals for solution.
13 January 2007 [01:35]
"Consumers' concern over the variable selling prices for liquefied gas on the domestic market is baseless as the Cabinet passed a decision making the prices up to sellers," a governmet source told the APA.
13 January 2007 [01:34]
AzerTurkBank's aggregate capital has reached AZN 8.35m, including the authorized capital amounted to AZN 7m.
13 January 2007 [01:31]
The First project of the Action Plan signed between EU and Azerbaijan on November 14 within European neighborhood policy will start to be implemented at the end of the year.
12 January 2007 [15:42]
An Iranian delegation will soon get to Baku to negotiate on the start of gas exports to Azerbaijan for 2007 amid Azerbaijan's having refused to buy Russia gas in a price row.
12 January 2007 [15:40]
The Confederation of the Azerbaijan Labor Unions has sent its proposals to the Government on compensating people for the price hike in the utilities and fuel.
12 January 2007 [13:50]
This year Azerbaijan is going to restructure and renovate a number of plants such as Aviaagregat, Radiozavod, Ulduz and Azon for defense purposes and put into operation.
12 January 2007 [11:31]
Quotas on Caspian Sea caviar exports are ineffective and will not help restore dwindling sturgeon stocks, according to analysts and ecologists in Kazakhstan, one of the countries bordering the landlocked sea.
12 January 2007 [11:09]
Ambassador of Azerbaijan to Iran Abbasali Hassanov emphasizing that Baku CeBit Exhibition is a threshold for entry of Iranians to Commonwealth of Independent States (CIS) and EU markets.
12 January 2007 [01:15]
Kazakhstan refined 11.664 million tonnes of crude oil in 2006, up 4.5% year-on-year.
12 January 2007 [00:59]
A road bridge in the 20 Yanvar circle and a tunnel in Shamakhinka will be opened in mid March.
12 January 2007 [00:58]
World Bank mission for water supply and drainage project has come to Azerbaijan.
12 January 2007 [00:47]
AzerTurkBank plans to open branches in Zagatala, Ganja and Nakhchivan.
12 January 2007 [00:44]
Grain Terminal, being built by Azerbaijan and Kazakhstan, will become operational in May, 2007.
12 January 2007 [00:42]
The 2007 energy balance of Azerbaijan will be introduced to the Cabinet in late January.
12 January 2007 [00:41]
National Bank of Azerbaijan has bought currency shred device and granulator from the Kusters Engineering to destroy the old banknotes.
12 January 2007 [00:40]
The proposal to limit excessive home telephone use in Baku will be submitted to the Tariff Council.
12 January 2007 [00:26]
12 January 2007 [00:25]
Georgian businessmen Badri Patarkashvili has sold the Kulevi oil terminal on the Black Sea to the Azerbaijan State Oil Company (SOCAR).
12 January 2007 [00:24]
84 tankers carrying 60.3m barrels of oil have to date sailed from the Ceyhan Port to the world market. Turkey gained USD 33m as transit tax and loading service tariffs.
12 January 2007 [00:20]
The Management Board of the Baku Electricity Network Company has approved of the Baku Energy System Development Program.
12 January 2007 [00:19]
The authorized fund of the AIG Caspian International Company Ltd. has risen to AZN 3.5m.
12 January 2007 [00:18]
The grape production is expected to grow by five times in Azerbaijan during the next decade.
12 January 2007 [00:15]
In December, 2006 according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) International Transaction Systems headed ranking of brokers with brokerage services in the total amount of AZN 48 238 695.82 provided to a client.
12 January 2007 [00:10]
Supported by the World Bank, the School of International Economics started in Georgia last year.
11 January 2007 [22:57]
The weighted average exchange prices made up 0.8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 11.
11 January 2007 [22:53]
Azerbaijan's largest mobile operator Azercell Telecom said it installed 328 base stations across the country last year.
11 January 2007 [22:25]
The Azerbaijani government has provoked popular anger with a series of price rises for public commodities and services. The hikes hit gasoline and public transportation, as well as natural gas, water, and electricity.
11 January 2007 [22:11]
The Transport Ministry of Azerbaijan intends to request the Government for more rises in the bus fares for Ganja, Sumgait and other big cities because of the hike in fuel prices.
11 January 2007 [15:23]
European Commission released energy strategy of the European Union.
11 January 2007 [15:16]
Rise of charges for fuel will not influence the prices of tickets of Turkish Airlines Company.
11 January 2007 [13:13]
Indian state-run refiner Bharat Petroleum Corp bought a hefty 1 million barrels of Azerbaijan's Azeri Light crude for March loading from BP, together with 1.1 million barrels of Masila crude from Canadian trader Nexen, comprising a 500,000 and a 600,000-barrel cargoes. Price details were not disclosed.
11 January 2007 [13:10]
Trade and economic exchange between Iran and Azerbaijan increased 30% in 2006, Iranian Ambassador to Azerbaijan Afshar Soleimani said.
11 January 2007 [02:34]
Transport Ministers of the participant countries will discuss the final version of Baku-Tbilisi-Akhalkalaki-Kars railway project in Tbilisi on January 12.
11 January 2007 [02:33]
A delegation of Russia's Voronej Province businesspeople will pay a visit to Azerbaijan this year.
11 January 2007 [02:32]
The Asian Development Bank's mission for transport will pay a visit to Azerbaijan in late January.
11 January 2007 [02:32]
Swiss Vilma Oil S.L. has won the tender announced by the SOCAR Marketing and Economic Operations Department.
11 January 2007 [02:28]
The second meeting of the Azerbaijan-Moldova Intergovernmental Commission on Economic Cooperation will be held in early this year.
11 January 2007 [02:24]
Azercell Telecom JV continues its work on expanding field of its coverage and to provide high-quality telecommunication services in the country.
11 January 2007 [02:23]
Travelex's CIS representative will give training for the officers of the AtaBank in the second half of this year. This system will be used in all branches of the bank.
11 January 2007 [02:22]
11 January 2007 [02:20]
The second International Industry & Trade Exhibition (INTEX-2007) will be held from 13 to 16 February 2007 at Kish International Exhibition Centre, Iran.
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