Business
12 December 2006 [21:18]
Azerbaijan will stop importing Russian gas despite the danger of a resulting shortfall in energy supplies, a senior Azeri energy official said Tuesday, after Moscow asked for more than double its previous price.
12 December 2006 [21:17]
The Kazakhstan-Azerbaijan: prospects for cooperation business forum will greatly strengthen the partnership and economic ties between Kazakhstan and Azerbaijan, Heydar Babayev, the Economic Development Minister of Azerbaijan, said at the forum.
12 December 2006 [16:00]
Azerigas will sue the customers evaded paying the gas bills.
12 December 2006 [15:43]
"The representatives of the organizations realizing the security of oil and gas pipelines among Azerbaijan, Georgia and Turkey will meet in Ankara soon. The date of the meeting is being determined at the moment," chairman of the State Special Guard Service colonel-general Vagif Akhundov, told journalists.
12 December 2006 [15:26]
"The protection of oil-gas pipelines is a new field of activity for State Special Guard Service, notwithstanding it, we achieved to learn international experience in a short time and apply it to the practice," the chief of Sate Special Guard Service Vagif Akhundov told.
12 December 2006 [14:21]
The weighted average exchange price made up 0.8721 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange.
12 December 2006 [12:25]
Communication and Information Technologies Minister Ali Abbasov has left Baku for Moscow to attend 15th anniversary of the Organization of Regional Cooperation in Communications.
12 December 2006 [12:24]
Baku Interbank Currency Exchange intends to launch new trading system from the second quarter of 2007.
12 December 2006 [12:24]
Most of new high-rise buildings have not been registered in Baku, Real Estate Registration Service chair Arif Garashov said.
12 December 2006 [12:22]
The two-day conference on "Improvement of civil labor migration role and formation of efficient migration infrastructure in Russia and near foreign countries" organized by Labor Migration International Association started in Moscow.
12 December 2006 [11:29]
There are some 60 independent auditors and some 60 local and 5 foreign auditing companies in Azerbaijan, moreover, 30 more auditors will soon be granted license, Azerbaijan Auditors’ Chamber chairman Vahid Novruzov said.
12 December 2006 [11:26]
USAID SME Support through Financial Sector Development Project, implemented by ACDI-VOCA delivered a presentation of the comprehensive legal analysis, proposals and recommendations to improve regulatory framework for mortgage lending system in Azerbaijan.
11 December 2006 [15:30]
"The Government don't intend to increase domestic gasoline prices from next year," SOCAR President Rovnag Abdullayev said.
11 December 2006 [15:20]
SOCAR & Turccas Joint Venture, established by the SOCAR (51%) and Turccas Petrol (49%), will be engaged in selling Azeri gas in Turkey, SOCAR President Rovnag Abdullayev said.
11 December 2006 [15:07]
"Activities for realization of Baku-Tbilisi-Kars railway line have continued to progress and the current works are satisfactory," Transportation Minister Ziya Mammadov said.
10 December 2006 [09:25]
Azerbaijan's largest mobile company Azercell has signed roaming agreement with Indian 'Madhya Pradesh' and 'Mumbai' operators of 'Bharti Airtel' Company.
10 December 2006 [09:23]
Azerigasbank has received "The Bank of the Year" award for notable increase in financial indices and number of clients as well as application of up-to-date banking technologies and successful cooperation with the world’s biggest banks and financial institutions.
10 December 2006 [09:08]
The preliminary investigation on the accident in result of decline of drilling-pile device in Nasimi District was over.
10 December 2006 [09:00]
On Dec. 13 the first well will come operational in Shah Deniz gas and condensate field, Azerbaijani Industry and Energy Minister Natig Aliyev said in Tbilisi.
10 December 2006 [08:57]
Emergencies Minister Kamaleddin Heydarov received French Minister Delegate for Regional Development Christian Estrosi.
09 December 2006 [17:29]
"Japanese Embassy has partnership with Azerbaijani government in several spheres," Tadahiro Abe Japanese Ambassador Extraordinary and Plenipotentiary to Azerbaijan told journalists.
09 December 2006 [13:32]
By this year's end Azerdemiryolbank intends to complete the use of $3m-credit lines opened by the EBRD in November, 2005 and May, 2006.
09 December 2006 [13:28]
In Azerbaijan gas and gasoline filling stations near (300 meters) residential areas can be closed.
09 December 2006 [01:14]
The weighted average exchange prices made up 0.8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 8.
09 December 2006 [01:04]
The ferry communication from Ukraine to Georgia and Azerbaijan will intensify next year after Kars-Akhalkalaki-Baku railroad becomes operational, Ukrainian media quoted Azeri ambassador to Ukraine Taliat Aliyev as saying.
09 December 2006 [01:01]
Georgia will receive ten million cu m of Azerbaijani natural gas in 2006 via the South Caucasus Pipeline, operated by BP and Statoil, at a discounted price, the Georgian energy minister said Friday.
09 December 2006 [00:59]
The high-profile meeting of Energy Ministers of Georgia, Azerbaijan and Turkey began at 12pm in Courtyard Marriott and last till 18pm.
09 December 2006 [00:57]
Turkey's energy minister agreed Friday to transfer part of his country's quota for natural gas produced in Azerbaijan's section of the Caspian to Georgia and Azerbaijan.
09 December 2006 [00:49]
The Government of Azerbaijan and Garadagh Cement are seeking for precautions to thwart increasing cement prices in the domestic market, Economic Development Minister Heydar Babayev said after meeting with Garadagh Cement management.
08 December 2006 [16:49]
Rusal's proposals in their current forms turned out unacceptable.
08 December 2006 [16:01]
Minister of Industry and Energy Natig Aliyev met with European Commission's envoy to Azerbaijan Alan Waddams on December 7.
08 December 2006 [15:56]
A sitting of a commission over a fishing in the Caspian Sea was held in Moscow.
08 December 2006 [15:47]
On Thursday, the World Bank's Board of Executive Directors discussed a new Country Partnership Strategy (CPS) for Azerbaijan.
08 December 2006 [13:28]
The trial of 6 Barmek-Azerbaijan Electric Network officers, presided over by Azer Jafarov in Grievous Crimes Court was over on Friday.
08 December 2006 [13:20]
The incomes of the State Social Protection Fund grew by 16%, year-over-year, during January-November to AZN 519.924m.
08 December 2006 [13:19]
First municipal bonds will be issued in Azerbaijan next year.
08 December 2006 [13:18]
Azerbaijan investment Company has set the first projects to finance, Company officer Riad Gasimov said.
08 December 2006 [13:16]
National Budget Group held a press conference on their visit to USA between November 25 and December 3.
08 December 2006 [12:12]
Few Canadian firms involved, but opportunity beckons to cash in on boom.
08 December 2006 [12:08]
During the period of January-October Azerbaijan's industry grew by 38% while Belarusian industry grew by 12.2%.
08 December 2006 [12:06]
Russia intends to charge Azerbaijan $200 per 1,000 cu m of gas in 2007, Gazprom spokesman Sergey Kupriyanov said on air of Ekho Moskvy Radio.
08 December 2006 [12:05]
Adaptation of the SOCAR Invest Georgia will be easy in the Georgian market.
08 December 2006 [11:28]
New York-based consortium of several independent parties is completing the pre-feasibility study for a Georgia-Ukraine-European Union (GUEU) gas pipeline project.
08 December 2006 [11:23]
Azerbaijan will allot USD 150 for the construction of the segment of Kars-Akhalkalaki-Tbilisi-Baku railway that passes through Georgia, announced Musa Panakhov, representative of the Azeri Ministry of Transport.
08 December 2006 [10:40]
The determination of ANS TV and ANS ChM's activity damages the company by $ 500 000.
08 December 2006 [01:51]
Energy Ministers from Azerbaijan, Georgia and Turkey will launch two-day talks in Tbilisi on December 8 to negotiate distribution of gas from Shah-Deniz field.
08 December 2006 [01:34]
The weighted average exchange prices made up 0.8723 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 7.
08 December 2006 [01:27]
Azerbaijan's largest mobile operator Azercell’ has signed GPRS/MMS roaming agreement with Portuguese TMN.
08 December 2006 [01:26]
One of the largest private banks in Azerbaijan, Azerdemiryolbank, said it already spent $2.3m of the European Bank of Reconstruction and Development's credit lines totaling $3m.
07 December 2006 [17:32]
Gazprom confirmed that it maintains the reduced price for gas for Armenia.
07 December 2006 [16:41]
Azerbaijani Government can return the Soviet-period bank saving by bonds, State Committee for Securities proposed the Government.
07 December 2006 [16:18]
The results of an extensive survey, commissioned by AzPromo and conducted by Procon GfK, based on interviews with 100 investors during October and November has been released on Thursday.
07 December 2006 [16:10]
Ukraine can start to transit Caspian and Azerbaijan oil to Europe in 2010, inasmuch as the European Union intends to reduce dependence on deliveries of energy resources from Russia.
07 December 2006 [16:00]
A conference examining the future of Azerbaijan's equity market was attended by Azerbaijani Economic Development Minister Heydar Babayev, State Committee for Securities chairman Gunduz Mammadov, Azerbaijan Investment Company Deputy Executive Director Riad Gasimov, Head of EBRD Baku Office, Raymond Convey, British and Russian consulting and investment companies' representatives.
07 December 2006 [15:58]
Edison SpA CEO Umberto Quadrino said in an interview with Corriere della Sera that he expects to sign a supply contract for Azerbaijan gas by the end of 2007.
07 December 2006 [13:41]
Fuel consumption for electricity generation was 360.6 gram/1kilowatt/h against 363.75 in the thermal power plants in Azerbaijan during November.
07 December 2006 [13:39]
SOCAR announced that it has completed acquisition of the 50-percent participating interest in EUPEC PipeCoastings Azerbaijan from German EUPEC PipeCoatings GmbH.
07 December 2006 [13:37]
Taxes Ministry Operational Control Department have to date examined 155 361 various kinds of trade facilities and found serious irregularities in 36 517 of them.
07 December 2006 [10:30]
During the period of January-October State Oil Company of Azerbaijan (SOCAR) sold 771,600 metric tons of fuel oil to Petrofarm Company of Singapore. This figure is twice as much as last year.
07 December 2006 [10:19]
Only 40 per cent of air pollution is purified in Azerbaijan as gas dust purification equipments are not enough, Ministry of Ecology and Natural Resources information agency told.
06 December 2006 [20:46]
The weighted average exchange prices made up 0,8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 6.
06 December 2006 [17:22]
Azerfon LLC, the third GSM operator in Azerbaijan, will start up in the first quarter of next year, Communications and Information technologies Minister Ali Abbasov said.
06 December 2006 [16:10]
They protested against the closure of Inam Shopping Centery.
06 December 2006 [15:47]
Azerbaijan State Customs Committee will buy new special boats to strengthen customs control in the Caspian, Committee chairman Aydin Aliyev said.
06 December 2006 [15:44]
Azerbaijan's Deputy Minister of Industry and Energy, Gulmammad Javadov, met with delegation of French businessmen led by Christian Mons, Chairman of the Commission for Caucasus and Central Asia of the French Confederation of Business Enterprises (MEDEF).
06 December 2006 [15:41]
President of Azerbaijan Ilham Aliyev received Ishag Alaton, the President of the Turkey's Alarko company.
06 December 2006 [15:37]
A delegation led by SOCAR President Rovnag Abdullayev has visited Turkey.
06 December 2006 [13:33]
Turkey and Israel are set to discuss multiple pipeline projects that will transport energy resources such as natural gas, oil and electricity as well as water.
06 December 2006 [13:21]
Today Baku hosts Azerbaijan-France business forum.
06 December 2006 [10:35]
According to the Memorandum of Understanding signed between the Asian Development Bank and the Azerbaijan in the framework of the project "Technical assistance for potential strengthening of economic development of Azerbaijan," an international training on Macroeconomic regulation during Oil Boom has started in the Center of Economic Reforms.
06 December 2006 [10:34]
On December 15 a delegation of Korean Daewoo company will pay a business visit to Azerbaijan.
06 December 2006 [10:33]
Bank Standard JC has started to lend mortgage loans in regions of Azerbaijan. The Bank's branches in Ganja and Lenkeran lent the first mortgage loans.
06 December 2006 [10:10]
Softline has become official distributor of Kaspersky Lab in Azerbaijan.
06 December 2006 [10:09]
Azerbaijan and Georgia will soon set electricity exchange schedule.
06 December 2006 [10:08]
During November some 2bn kilowatts of electricity were produced in Azerbaijan.
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3rd meeting of Ukraine-Azerbaijan business council held in Baku
WAC calls on US government to end discrimination against Azerbaijanis
Turkmenistan, Japan explore potential of cooperation in trade and economic sphere