Business
26 May 2006 [13:17]
Expenditures for military industry, border guarding, and emergency situations preventing has been increased in Azerbaijan as a result of amendments to the State Budget Law 2006.
26 May 2006 [11:50]
Turkey-Greece natural gas pipeline transmitting Azeri natural gas would be in operation by the end of 2006, Energy and Natural Resources Minister Hilmi Guler said on Thursday.
26 May 2006 [10:14]
Expenses to defense sector, frontier defense and emergency expenses of Azerbaijan have been increased as a result of changes and regulations to Law on 2006 State Budget.
26 May 2006 [09:55]
The State Committee for Securities (SCS) registered the issue prospectus of JSCB Gunaybank ordinary registered stocks. The volume of the issue is AZN4,5 million, the face value per stock AZN4 thousand.
26 May 2006 [09:24]
The Ministry of Agriculture will make 2007-2015 strategy for the solution of agricultural problems and for development of this field.
26 May 2006 [09:06]
Asian Development Bank yesterday signed trade finance facilitation agreements with two Azeri banks - AzeriGazBank and Respublika Bank - in the amount of US$4 million for each bank, respectively.
26 May 2006 [09:05]
Islamic Development Bank (IDB) 31st annual meeting will be organized in Kuwait May, 30-31. Azerbaijani delegation will be represented at the Head of Heydar Babayev, Economic Development Minister.
26 May 2006 [08:59]
Saribay, Kazakh company, will export corn to Azerbaijan.
26 May 2006 [08:55]
Azerbaijan Mortgage Fund (AMF) and ACDI/VOCA, which has activities in Azerbaijan, have signed a technical cooperation memorandum with the aim of encouraging mortgaging development in Azerbaijan.
25 May 2006 [13:39]
The press-cutting service of the International bank of Azerbaijan announced that during 15th May 2005 bank started to render a new unique service to its customers. "Card Transfer" service is money transfer systems which allows to IBA's clients send or receive money from one plastic card to other card. IBA’s clients who use ATM and web kiosk services received new service which will complete service-basket of the bank.
25 May 2006 [13:33]
Azeri delegation comprising of 20 businesspersons will attend May 31-June 4 the XXIII international textile machinery exhibition, in Istanbul, National Confederation of Entrepreneurs /Employers/ Organizations of Azerbaijan said.
25 May 2006 [12:42]
Advancing only 2.5 meters per hour, the crude oil in the pipeline is expected to arrive in Ceyhan on May 27.
25 May 2006 [12:36]
Telecommunication Agency will host the "First Black Sea and Caspian Telecommunication Conference" in Istanbul between May 25th and May 27th, 2006.
25 May 2006 [12:15]
Russia supports the idea of changing the principle of the payment of dues for the maintenance of the Commonwealth of Independent States (CIS) bodies.
25 May 2006 [09:38]
LLC Barmek-Azerbaijan Energy Network paid taxes of $2,7 million in 2002, $8,8 million in 2003, $8,8 million in 2004 and $16,2 million in 2005.
25 May 2006 [09:11]
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0,9002/$1.
25 May 2006 [09:05]
Baku Stock Exchange (BSE) hosted the auction on Azerbaijan National Bank’s (ANB) short-term note placement with the state registration number 50102112S. The volume of submitted orders by 9 investors was AZN11497,8 million.
25 May 2006 [09:00]
Managing Director of IranKhodro auto manufacturing Group Manouchehr Manteqi announced here Wednesday the opening on May 31 of that firm's first overseas branch in Azerbaijan.
25 May 2006 [08:12]
"Natural gas resources of Azerbaijan provoke great interest in Europe," Fauzzi Bensarsa, European Commission representative for Energy Security, has stated in his interview, being on Brussels mission.
24 May 2006 [22:47]
Oil prices fell Wednesday after weekly government data showed rising supplies of gasoline, though the declines appeared to be kept in check by falling crude-oil inventories.
24 May 2006 [20:58]
XII Azerbaijan International Food Industry Exhibition has today started in Baku and will be carried out till May, 26. The organizer is Iteca Caspian, the exclusive partner of British Exhibition Company ITE Group in the Caucasus.
24 May 2006 [20:52]
Suit against The Ministry of Taxes by LLC Barmek-Azerbaijan Energy Network is disclaimed in local Court of Economic Cases #2 with presidency of Azer Huseynov, a judge.
24 May 2006 [20:27]
"Turkey black and white addressed to Azerbaijan, requesting to pay for electrical energy, supplied to Nakhichevan," Turkish Ambassador to Azerbaijan Turan Morali stated on Wednesday.
24 May 2006 [19:05]
The Bank of New York, a global leader in securitiesservicing, has been appointed by The State Oil Fund of Azerbaijan(SOFAZ) as global custodian following an eight-way competitive pitch.
24 May 2006 [13:33]
International Labour Organization (ILO) will hold Tripartite seminar on youth employment in Caucasus and Central Asia countries. The seminar will be held from 29 to 2 June in Issyk Kul city, Kyrgyzstan.
24 May 2006 [10:33]
SOCAR petroleum and gas extracting administrations had 6632 wells in their balances May 1 this year, 4903 of which are now active.
24 May 2006 [09:50]
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0,9002/$1.
24 May 2006 [09:42]
XII International Food Industry Exhibition will be carried out in Baku from May 24 to May 26.
24 May 2006 [09:35]
If the payment percent for the gas decreases, the volume of the gas delivery to Ganja might be reduced or cut off.
24 May 2006 [09:29]
"Barmek owes nothing to Azerenergy and Taxes Ministry. We have paid $18 million tax commitments during 5 months this year and $5 million only during this month off," said Huseyn Arabul, LLC Barmek Azerbaijan Energy Network President.
24 May 2006 [09:20]
"Armenia may not close Metsamorskaya NPP without an alternative of equal value, because considerable finances are necessary for that," Armenian Prime Minister Andranik Margaryan stated.
24 May 2006 [09:01]
Nursultan Nazarbayev, President of Kazakhstan, signed the law "On ratification of the Protocol on changes and amendments in the agreement between the government of the Republic of Kazakhstan and the government of the Republic of Azerbaijan on free trade as of 10 June, 1997," yesterday, May 23.
24 May 2006 [08:46]
Baku Stock Exchange (BSE) hosted the auction on Ministry of Finance T-bills placement with the state registration number 10501113S.
24 May 2006 [08:23]
From May 19, 2006 the International Bank of Azerbaijan starts its operations in CONTACT system of immediate money transfers for natural persons without account.
24 May 2006 [08:15]
Azerbaijan Microfinance Association (AMFA) will organize III Azerbaijan Microfinance Conference on Common Finance Sector Development in Azerbaijan in Baku May 26-27.
23 May 2006 [21:11]
At today's GUAM summit in Kyiv, the Presidents of Ukraine, Azerbaijan, Georgia, and Moldova have signed a free trade protocol, Ukranian President's press office reported.
23 May 2006 [20:43]
Azerbaijan thinks that charges on natural gas supplied by Russia's Gazexport Company will not change until the end of this year, Azerigaz State Company President Alikhan Melikov said on Tuesday.
23 May 2006 [20:40]
Russia plans to increase the price of its energy exports "to world levels" for all consumers, Russian Economic Development and Trade Minister German Gref said Tuesday during a lecture at the Russian Academy for Foreign Trade.
23 May 2006 [14:45]
Korean high-speed trains may run through the United Arab Emirates and Azerbaijan, the Ministry of Construction and Transportation said on Monday.
23 May 2006 [14:29]
Trade between Azerbaijan and Germany increased 24% year on year in 2005 to reach $250 million, Azerbaijan's deputy economics minister said Tuesday.
23 May 2006 [13:53]
Training course on "Quality Management Systems" funded by International Financial Corporation and Bp-Azerbaijan company took place at Azerbaijan Bank Training Center /ABTC/.
23 May 2006 [12:28]
Azerbaijan plans to start talks on a debut eurobond issue this autumn, but first needs to secure a second sovereign rating, which it hopes to get from Moody's, the country's economic development minister said.
23 May 2006 [10:41]
The aluminum producer Azerbaijan Aluminum JSC (Azeral) will build a new plant with the annual output capacity of 100,000 tons in the country's second largest city, Ganja, next year.
23 May 2006 [09:22]
The government of Azerbaijan will fund implementation of several ecology-related projects.
23 May 2006 [09:21]
23 May 2006 [09:20]
European Bank for Reconstruction and Development (EBRD) had its annual meeting and business-forum in London on May, 21-22.
23 May 2006 [08:58]
Joint Stock Bank (JSB) Azerdemiryolbank aims to open branch in Shamakhi by late May this year.
23 May 2006 [08:53]
Azerbaijan's Transport Ministry drafts national technical standards in transport safety.
23 May 2006 [08:26]
"Problem around Barmek is company's own business and Turkish Embassy does not interfere in this," said Turan Morali, Turkish Ambassador to Azerbaijan.
23 May 2006 [08:21]
Pursuant to the results of the trading sessions held in the currency section of the Baku Interbank Currency Exchange (BICEX) today, USD/AZN average weighted rate was AZN 0,9003/$1.
23 May 2006 [08:13]
Limited Liability Company (LLC) Barmek Azerbaijan Energy Network transferred AZN16 259 121 ($US17 985 753) into state budget in January-May.
23 May 2006 [08:08]
New, 6th credit agreement of $2 million has recently been signed between Commercial Bank (CB) UniBank and European Bank for Reconstruction and Development (EBRD). It will be directed to finance average and small enterprising projects in Azerbaijan.
23 May 2006 [01:30]
Crude oil prices rose Monday as the front-month contract expired, forcing traders who had anticipated lower prices at this point to become buyers to cover their bets.
23 May 2006 [01:19]
Georgia, Ukraine, Azerbaijan, and Moldova, which are members of the GUAM regional organisation, plan to set up an Energy Council.
23 May 2006 [00:31]
Azeri state oil company SOCAR announced a tender for the seventh consignment of Azeri Light crude oil produced at Azerbaijan's Azeri-Chirag-Gunashli (ACG) fields this year.
22 May 2006 [20:20]
Nation's largest airline increases service to Singapore & Baku
22 May 2006 [19:23]
The ArmRosgazprom Company intends to complete construction of 22.5 km of the first 47 km long section of the Iran-Armenia pipeline, ArmRosgazprom Director General Karen Karapetyan announced at a meeting with the press on May 22.
22 May 2006 [17:18]
"We spent more funds on the construction of the Baku-Tbilisi-Ceyhan main export oil pipeline, as we knew that in 2009 4% of all world oil will be delivered to the world oil markets via Turkey – through the BTC and the Bosporus and Dardanelle," BP Vice President Ian Palliser told.
22 May 2006 [13:29]
India's state-run refiner Hindustan Petroleum Corp (HPCL) has bought 1 million barrels of Azerbaijan's Azeri Light crude in a tender for July loading.
22 May 2006 [13:25]
The funds acquired from oil profits will be placed in foreign banks starting this year to eliminate the loss incurred due to the differences in currency exchange rates.
22 May 2006 [12:59]
From June 1, 2006 the International Bank of Azerbaijan increases interest rates on US dollar and Euro deposits.
22 May 2006 [07:32]
The Tariff Council of Azerbaijan plans to reconsider the tariffs of paid medical services in the country soon.
21 May 2006 [22:12]
Government of Kazakhstan keeps on debating the draft Treaty on the country's accession to Baku-Tbilisi-Ceyhan pipeline system, PM's press service reports.
21 May 2006 [22:05]
President of the Russian Federation Vladimir Putin and President of Kazakhstan Nursultan Nazarbayev discussed a wide array of bilateral relations in economics and politics during the meeting they held in Sochi on May 20.
21 May 2006 [18:03]
Turkish President Ahmed Necdet Sezer approved the cabinet decree regarding the nomination of Calik Energy to build the Samsun-Ceyhan Crude Oil Pipeline, which will transfer Russian and Caspian oil via Turkey.
21 May 2006 [17:17]
Russian oil holding company RussNeft intends to complete the acquisition of new assets abroad before the end of 2006, the company's president said Sunday.
21 May 2006 [17:15]
Economic growth in the former Soviet bloc will ease in 2006, with a mild upturn in central and southeast Europe offset by a slow-down in Russia and former Soviet republics, the region's development bank said on Sunday.
21 May 2006 [14:04]
Experts have already completed the feasibility study of the project allowing Azerbaijan to get 1 billion cubic meters of gas from Iran, press service of the AzeriGaz announced.
20 May 2006 [20:42]
Mortgage Fund has carried out the first operation to refinance mortgage loan together with the Bank Standard and Tekhnikabank.
20 May 2006 [11:25]
Ahmad Ahmadzadeh, Director OJSC Melioration and Water Economy, has today held a press conference on current activity and future plans of their organization.
20 May 2006 [10:33]
Bank of Baku Joint Stock Commercial Bank (JSCB) has opened its first two Bank of Baku-Express service stations in Baku.
19 May 2006 [19:39]
12th Azerbaijan International Food, Drinks and Packaging Exhibition (Interfood 2006) organized by the British ITE Group and its partner in the South Caucasus will be held May 24-26 at the Heydar Aliyev Sport and Concert Complex.
19 May 2006 [19:19]
Kazakhstan's KazTransGaz Thursday formally took possession of Georgian natural gas distributor Tbilgazi, Georgian Public Television Channel 1 reported.
19 May 2006 [13:23]
The eighth annual meeting of the Black Sea Trade and Development Bank (BSTDB) board of directors will be held in Baku on June 11. This will be followed by the Black Sea Business Day on the following day.
19 May 2006 [13:20]
A group of German businesspeople is due to arrive in Baku next Monday.
Income of Azerbaijani banking sector reaches significant milestone
Gas deal between Armenia, Azerbaijan to speed up signing peace
Production from Deepwater Gunashli platform suspended for 15 days
Gazprom Neft does not see need to lift ban on gasoline exports
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President Ilham Aliyev hold one-on-one meeting with Chancellor of Germany Olaf Scholz in Berlin [PHOTOS/VIDEO]