Business
22 February 2006 [10:14]
The National Reserve Corporation of Russia (NRCR) intends to participate in house-building projects in Azerbaijan.
22 February 2006 [09:34]
According to balance sheet indicators of the AtaBank Open Joint-Stock Company on 2005, total assets and credit portfolio totaled AZM 159,434.3 million and AZM 115,788.8 million respectively.
22 February 2006 [09:14]
Avoidance of obligatory audit is concerned with existence of shortcomings in the activity and lack of financial transparency. It mostly relates NGOs operating in the country.
22 February 2006 [08:42]
The Bank of Baku Commercial Bank (CB) has started implementation of all banking operations (purchase, sale, collection of payments) by means of "American Express" checks from today.
21 February 2006 [21:11]
The National Bank of Azerbaijan (NBA) set to implementate the pilot project on introduction of the new system of foreign banking control FinA International (FinA).
21 February 2006 [21:05]
It will be implemented in accordance with the resolution of the Russian-Azerbaijani inter-governmental commission.
21 February 2006 [20:37]
An Azerbaijani-Russian business center will be built in Azerbaijan, said Yuri Kudimov, the head of the National Reserve Bank.
21 February 2006 [16:59]
"Azerbaijan does not intend to stop importing Russian gas," Minister of Industry and Energy Natig Aliyev stated on Tuesday.
21 February 2006 [16:46]
Azerbaijan plans to transport over 3 million tons of oil in 2006 against 4,1 million tons in 2005 through the Baku-Novorossiysk oil pipeline, the head of the Azerbaijan Ministry of Industry and Energy (MIE), Natig Aliyev said in a statement to journalists today.
21 February 2006 [16:44]
The Azerbaijan capital investments this year will make up about 611 million AZN (around 660 million USD).
21 February 2006 [16:41]
"Energy exchange between Azerbaijan & Russia - requirement of two independent energy systems for each other," said Marlen Asgarov, Azerenerji Vice-President.
21 February 2006 [09:58]
Last year cargo traffic in the Azerbaijani part of the Europe-Caucasus-Asia transport corridor increased by 14.6% in comparison with the previous year and was 46.7 million tons.
21 February 2006 [09:48]
The Azneft Production Union (PU) has started introduction of the nanotechnology in development wells due to the Conception of scientific-research works in oil industry for 2006-2010.
21 February 2006 [09:26]
The "Shimal" State District Power Station (SDPS) has been operating in optimal mode since the day before yesterday.
21 February 2006 [09:20]
It's planned to construct a module power station in Nakhchivan AR soon.
21 February 2006 [09:13]
The Azerbaijani delegation will visit Turkey on February 22 to participate in the East Mediterranean International Travel and Tourism Exhibition.
20 February 2006 [18:49]
"The number of the subscribers of CDMA (Code Division Multiple Access) of Baku Telephone Communication Production Association (BTCPA) exceeds 700," said Beytulla Husseynov, the head of BTCPA.
20 February 2006 [16:46]
The First Azerbaijani-Israeli agro-business forum began today in Baku. The Azerbaijan Ministry of Economic Development (MED), the Investment and Export Facilitation Foundation (IEFF) and the Embassy of Israel to Azerbaijan initiated the event.
20 February 2006 [15:52]
Oil production in Azerbaijan is expected to hit a record-high 30 mln tons in 2006, State Oil Company of Azerbaijan (SOCAR) informed.
20 February 2006 [15:00]
The government plans to hold monitoring of incomes and outcomes of big state enterprises from July 2006.
20 February 2006 [09:19]
Yesterday a staff meeting on the results of 2005 was held in the Ministry of Communication and Information Technologies.
18 February 2006 [15:04]
A new mobile communication operator in Azerbaijan will set to providing services in August 2006, the Minister of Communications and Information Technologies of Azerbaijan Ali Abbasov said in a statement to journalists on Saturday.
18 February 2006 [15:00]
"Hajigabul broiler" poultry farm has suspended customer's orders due to bird flu danger.
18 February 2006 [09:54]
A business forum with participation of Israeli and Azerbaijani businessmen will be held in Baku and Guba on February 20 and 21.
18 February 2006 [09:43]
The Ministry of Transport intends to involve foreign organizations in construction of two-storeyed roads and bridges aimed at solution of transport problems of Baku.
18 February 2006 [09:35]
The Auditors Chamber of Azerbaijan (ACA) signed a cooperation protocol with the Certified Auditors Association of Latvia.
18 February 2006 [09:15]
Import of cars with production period exceeding 4 years manufactured in CIS and foreign countries will be prohibited.
18 February 2006 [09:04]
The Mortgage Fund under the auspices of the National Bank of Azerbaijan (NBA) determined 15 authorized banks to participate in the crediting process to be started soon.
18 February 2006 [08:32]
Presentation of the survey results on "Extractive Industry Transparency Initiative" (EITI) took place at "Hyatt Regency" hotel today.
18 February 2006 [08:14]
It is expected that distribution of licenses and distinctive marks for buses, minibuses, taxis and lorries transporting passengers and cargo will be started during this year.
18 February 2006 [01:28]
"Significance of the tasks grows to strengthen social and economic development of the country," Heydar Babayev, the Azerbaijani Economic Development Minister, said on Friday.
17 February 2006 [14:30]
PA Government Service Inc., a part of the PA Consulting Group, closed tender in the framework of the pilot project, stipulated by the problems resolving strategy in the Azerbaijan heating sector.
17 February 2006 [12:31]
Azerbaijan's capital Baku has been announced a City of the Future in Western CIS based upon its competitiveness in attracting foreign direct investments.
17 February 2006 [12:08]
The Israel-Azerbaijan business forum will be held at the Hyatt Regency Hotel of Baku next Monday.
17 February 2006 [11:29]
Although the first office of the Microsoft Company is expected to be established in Azerbaijan by the end of February, exact date of office's establishment has not been defined yet.
17 February 2006 [11:22]
Final decision on increasing authorized capital of Azerbaijan Microfinance Bank to be adopted in June.
17 February 2006 [10:45]
The Tekhnikabank Open Joint-Stock Company (OJSC) opened its second branch in Sumgait on Thursday.
17 February 2006 [10:20]
Bank Standard increased total volume of its assets by 55% last year and brought it up to AZN124.678 million ($135.727 million) by the beginning of the year.
17 February 2006 [10:03]
The transportation of Azerbaijani oil and gas reserves to world markets via Georgia and Turkey promises huge returns for all three countries.
17 February 2006 [09:55]
The credit portfolio of the Azerbaijan Bank for Micro-financing (MFBA) on the results of 2005 made up $17,5 million, having grown three times.
17 February 2006 [08:11]
Special program concerning development of chemical industry in Sumgait will be prepared.
17 February 2006 [08:06]
Highest average monthly salary among the ex-USSR republics is paid in Estonia. So, according to the results of 2005, average monthly salary every Estonian was paid amounted to $593.
17 February 2006 [07:59]
New deodorization system is presented by the "Baku Oil and Food Industry" Open Joint-Stock Company (OJSC) of the Azersun Holding Group of Companies.
16 February 2006 [17:25]
New structural sub-units were established, legal names of separate enterprises were changed in relation to reorganization of Azerenerji JSC.
16 February 2006 [14:19]
"The Azerbaijan government notified the PA Consulting Company that it does not plan to set up a special regulating body in the country's energy field," the company's head of the project for technical assistance in the Azerbaijan energy sector, MacNeil Watkins said on Thursday.
16 February 2006 [08:18]
The Turkish Industrialists' and Businessmen's Association (TUSIAD) jointly with the Ministry of Taxes will award its members that are disciplined and paid taxes most of all in 2004.
16 February 2006 [04:17]
Tax revenue forecast was implemented 113.1% in January this year and AZN 313.2 thousand entered the budget.
16 February 2006 [04:00]
A credit agreement was signed between Tekhnikabank and Toronto-Dominion Bank of Canada yesterday.
16 February 2006 [03:48]
The chair of the Supervisory Board of the Tekhnikabank Open Joint-Stock Company Etibar Aliyev refuted information on detention of employees of the Bank as a result of inspections implemented in the Bank by tax authorities.
16 February 2006 [00:34]
The National Bank of Azerbaijan (NBA) calls on the depositors of the Azerbaijani Technikabank and Debutbank not to worry about the measures, taken by the tax bodies at the banks in relation to violation of tax legislations by firms Olymp-L and Buta.
15 February 2006 [18:24]
Japan welcomes the desire of Azerbaijan to become a member of the World Trade Organization (WTO), the Ambassador of Japan to Azerbaijan Tadahiro Abe said in a statement, commenting on the official Tokyo stance in regard to the membership of Azerbaijan in WTO.
15 February 2006 [13:59]
The "Azerenerji" Joint Stock Company (JSC) jointly with the general contractor of the modular stations constructing in Azerbaijan will accomplish erecting of two stations in Sheki and Hachmaz areas of Azerbaijan during August-September.
15 February 2006 [10:30]
The Baku Telephone Communication Production Union (BTCPU) intends to secure a license from the National Teleradio Council for providing telecasting service by means of telephone lines.
15 February 2006 [10:25]
III meeting of the Extractive Industry Transparency Initiative (EITI) International Advisory Group will be held in Nigeria on February 16.
15 February 2006 [10:20]
Level of oil production in Azerbaijan has increased approximately by 2 times since 1991.
15 February 2006 [09:30]
According to the state investment programme, the Superphosphate Plant situated in Sumgait will be privatized till the end of the year.
15 February 2006 [09:25]
Azercell Telecom intends to open a customer service office in Ali Bayramli in May.
14 February 2006 [22:30]
As a result of the activities of UniBank in January 2006 its assets grew by 61% as compared January 2005, and comprised 69.14m AZN (345.7bn AzM).
14 February 2006 [22:25]
"PSA on Azeri-Chirag-Guneshli fields is applied only on the development of oil reserves of the field, while the vacant gas remained a topic of another agreement," said Natik Aliyev, the Azerbaijani Minister for Industry and Development.
14 February 2006 [22:10]
In the framework of the fourth sitting of the International Consulting Group of the Extracting Industry Transparency Initiative (EITI) to take place on 5 April in Baku the workshop or conference on transparency are scheduled to be organized, the EITI commission head, the chief of the State Oil Fund of Azerbaijan (SOFAR) Samir Sharifov said.
14 February 2006 [22:05]
"Europe looks for additional sources of gas delivery and the Azerbaijan's role in the process considerably grows. Azerbaijan will produce around 20bn cu m of gas by 2015," Natig Aliyev, the Industry and Energy Minister, said.
14 February 2006 [21:55]
Sitting of the working group on the energy cooperation of the Black Sea Economic Cooperation Organization (BSECO) member states started in Baku on Tuesday.
14 February 2006 [16:15]
"The Azerbaijani government spent around $800,000 on the work in the framework of the struggle with Bird flu," Ismayil Hassanov, the Head of the State Veterinary Service under the Agriculture Ministry, said on Tuesday.
14 February 2006 [15:10]
The first tanker with the Azerbaijani oil produced from the Azeri-Chirag-Guneshli fields will be delivered from the Turkish port Ceyhan in May 2006, Natik Aliyev, the Azerbaijani Minister of Industry and Energy, stated.
14 February 2006 [12:37]
The chief economist of the International Monetary Fund (IMF) statistics department Mig Silver will visit Azerbaijan on 28 February.
14 February 2006 [10:20]
Ministry of Communication and Information Technologies plans to raise a question in International GSM Association on illegal activity of "Karabakh Telecom" registered in Armenia on the occupied Azerbaijani territories.
14 February 2006 [09:25]
Next competition for selection of commercial banks for servicing the treasury will not be held earlier than the beginning of 2007.
14 February 2006 [09:15]
Taxes transferred to the budget in foreign currency will be used by the government for implementation of payments in currency.
14 February 2006 [09:10]
The Ministry of Taxes forecasts that tax revenue will increase by 46% in 2007.
14 February 2006 [08:45]
Several agreements in various economic realms are planned to be signed between Azerbaijan and Russia within the framework of the Russia-Azerbaijan economic forum to be held in Baku on February 22-25.
14 February 2006 [08:39]
The State Customs Committee (SCC) announced a tender on plumbing installation in the administrative building of the SCC Medical Service Office.
14 February 2006 [08:30]
The AZAL National Aviation Company has cancelled Baku-Delhi and Baku-Haleb flights since February 17 due to increase of price of TS-1 aviation fuel.
14 February 2006 [08:07]
Next meeting of the Working Groups on the Baku-Tbilisi-Akhalkalaki-Gars railway-construction project will be held in Turkey late in February.
14 February 2006 [07:50]
The government of Azerbaijan refused receiving two credit transfers in amount of $40 million from the World Bank (WB) under the Poverty Reduction Support Credit (PRSC) project.
14 February 2006 [07:48]
The government of Azerbaijan intends to introduce the mechanism for reduction of taxes by stages in the nearest future.
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