Business
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.
14 February 2006 [07:42]
Consumer goods amounting to AZN 426.5 million were sold to population of the country in January of the current year and it exceeds the same figure of the relevant month of 2005 by 12.3%.
13 February 2006 [15:05]
Azeri postal officials will attend a regular meeting of the Council of Postal Operators of the Regional Cooperation Organization to take place in the Latvian capital Riga on April 19-21.
13 February 2006 [15:00]
By the decision of the National Bank of Azerbaijan (NBA) the quotation rate of the Azerbaijan Mortgage Fund (AMF) on which it will allocate credit resources to authorized banks have been approved. It constitutes 6%.
13 February 2006 [14:59]
A seminar to prepare a transport sector development strategy will be held in Baku February 14-15.
13 February 2006 [13:38]
The Finance Ministry of Azerbaijan will submit a draft decree on approval the program on strengthening control for state funds expenditures to the presidential administration for signing by the President of Azerbaijan.
13 February 2006 [03:20]
The government of Azerbaijan intends to attract $1.2 billion of credit within the framework of the cooperation strategy with the World Bank (WB) for 2006-2009.
13 February 2006 [03:16]
The International Bank of Azerbaijan (IBA) intends to sell at least 250 thousand chip-cards to clients in 2006.
13 February 2006 [03:11]
The Azerbaijan Airlines State Company stopped Baku-Delhi and Baku-Karachi flights from yesterday.
13 February 2006 [03:02]
A meeting on the 6th anniversary of establishment of the Ministry of Taxes was held the day before yesterday.
12 February 2006 [15:59]
As of 1 January, 2006, credit investments in various sectors of economy, including past-due loans have totaled 7204.8 billion manats with natural persons getting 29.09% of them, National Bank's press-service reported.
12 February 2006 [15:38]
Finance Minister Avez Alekberov said that Azerbaijan would use its own funds to finance some projects.
11 February 2006 [22:17]
Ministry of Taxes is conducting an inspection in over 4000 establishments at present, Taxes Minister Fazil Mammadov told.
11 February 2006 [15:29]
Budget receipts of the State Oil Fund of Azerbaijan Republic (SOFAZ) made up 660 million manats in 2005 while budget outlays came to 233 million manats.
11 February 2006 [11:50]
It was said at a roundtable "Where are national information resources? Hosting state in Azerbaijan: problems and perspectives", held by non-governmental organization Internet Forum of Azerbaijan on Friday.
11 February 2006 [01:27]
Presentation of a harvester-thresher, purchased according to Agricultural Production Volumes' Raising in Azerbaijan Project in the framework of common grants' program of Japan government, took place at Meshadi Azizbekov experimental-testing plant of Azerbaijan Agricultural Ministry.
11 February 2006 [01:10]
The Azerbaijan oil will reach on 15 February the second pumping station, located in Pasinler, Erzerum area, Turkey, through the Baku-Tbilisi-Ceyhan oil pipeline.
10 February 2006 [18:11]
The Azerbaijan oil will reach the second pumping station, located in Pasinler, Erzerum area, Turkey, through the Baku-Tbilisi-Ceyhan oil pipeline, on February 15.
10 February 2006 [17:27]
The preparatory stage of the work under the Baku-Tbilisi-Akhalkalaki railway route. In the nearest future it is planned to set up direct actions over the construction of groundwork.
10 February 2006 [09:20]
Oracle, the biggest producer of corporative software in the world, holds Oracle Days in Azerbaijan. Business conference "Oracle Applications Day" and technological conference "Oracle Technology Day" are organized within this event under support of the Azerbaijani President's Administration on Thursday.
09 February 2006 [17:32]
"Oracle evaluates the IT market of Azerbaijan as attractive, the Oracle vice-president," said general director of Oracle CIS Boris Sherbakov said in a statement to journalists today.
09 February 2006 [11:31]
Fitch international rating agency has released a report called "Systemic risks in the banking sector".
09 February 2006 [09:20]
British company won a tender.
08 February 2006 [19:57]
The Commission on Subscriber Complaints of Barmek Energy Distribution Company of Baku considered complaints by 1,777 subscribers in January 2006.
08 February 2006 [19:54]
The report from the Georgian Railways says, the strategy, produced by the service in the current year envisages due attention to the requirements of customers, quick shaping of documents and efficiency of the control system.
08 February 2006 [16:46]
Chairman of the State Committee on Securities under the president of the Azerbaijan Republic (SCS) Gyunduz Mammadov held the news conference.
08 February 2006 [14:53]
?urkey started talks on Turkmenistan gas deliveries, Turkish Minister of Energy and Natural Resources Hilmi Guler told journalists before his flight to the USA, where discussions of issues related to the Caspian energy carriers deliveries to Turkey and further to European markets are planned.
08 February 2006 [14:51]
The workers' wages raised 25% on February 1, informed Rovnag Abdullayev, the president of State Oil Company of Azerbaijan (SOCAR).
08 February 2006 [14:30]
Samir Nabiyev, Anar Badalov and Vusal Jafarov, persons who were fired by McDermott's contractor company PCH are ready to take legal actions against company's management.
08 February 2006 [11:48]
Last year Azerbaijan exported 61% more of its non-oil production, comparing with 2004.
08 February 2006 [10:05]
One more worker was dismissed from the McDermott Company.
07 February 2006 [20:17]
State Concern cancels flights to Dehli and Karachi.
07 February 2006 [15:06]
The Azercell Telecom plans to invest $93,572,000 in the communication field in 2006, the JV head Serdar Djanogullari said today at the news briefing.
07 February 2006 [03:58]
As of the beginning of the current year, total volume of deposits of juridical and natural persons in banks operating in the republic increased by 25.6% to AZN 1288.02 million.
06 February 2006 [20:46]
The winner of the investment competition on privatization of 99.34% of shares of Siyazan-Sharab JSC, announced by the State Committee on Governance of State Property, became Jahandar Company.
06 February 2006 [20:19]
International Finance Corporation (IFC) has prolonged duration of Azerbaijan Leasing Development Project for another year.
06 February 2006 [19:20]
Azerbaijan has cut off delivery of natural gas to Georgia since yesterday.
06 February 2006 [19:04]
Azerenerji JSC supposes to establish two groups to construct module power stations simultaneously taking into consideration short terms of construction.
04 February 2006 [15:30]
The oil policy and strategy of Azerbaijan have been discussed in Berlin at the international conference "Opportunities for application of socio-economic and political strategy of Norway in the Caspian region."
04 February 2006 [15:02]
On the results of 2005 the profit of the International Bank of Azerbaijan comprised 105,308bn manats, or 41.1% more as compared 2004.
03 February 2006 [18:53]
The Fifth sitting of the state commission on Azerbaijan joining the World Trade Organization has been held today at the Baku business centre. The sitting was chaired by the Minister of Economic Development Heydar Babayev.
03 February 2006 [16:29]
Barmek Azerbaijan, the energy distributing company, is ready to implement 10-year investment program in 2 years.
03 February 2006 [16:19]
Azerbaijani President Ilham Aliyev participated in an opening ceremony of a module station in Astara District, south Azerbaijan, on Friday.
03 February 2006 [03:35]
"Zaminbank" OJSC increased its assets by 32.6% during the past year to AZN 15.956 million by the beginning of 2006.
03 February 2006 [03:17]
The Azerbaijan Microfinance Bank (AMFB) increased its assets by 2.3 times in 2005 to AZN 20.39 million by the beginning of the current year.
03 February 2006 [03:08]
24 banks participated in auctions held in the currency section of the Baku Interbank Currency Exchange (BICEX) in January, 2006.
03 February 2006 [02:54]
Numbers of the CDMA operator CATEL Azerbaijani-American Joint Venture (JV) will start from 200.
03 February 2006 [02:37]
The "Standard Insurance" Company collected AZN 6.2 million (AZM31 billion or $6.8 million) of insurance premiums last year and it exceeds the previous year's indicator twice.
03 February 2006 [02:21]
An international investment conference, planned to be held by Islamic Development Bank (IDB) in Baku in April, was postponed to the end of the current year.
02 February 2006 [17:29]
The largest tobacco producer in the South Caucasus region, European Tobacco Baku, has invested $60 million in Azerbaijan so far, its head, MP Rufat Guliyev has said.
02 February 2006 [16:21]
The Baku Interbank Currency Exchange (BICE) determined five leading operators of the hard currency exchange market on the results of trading in currency section of BICE in January 2006.
02 February 2006 [16:14]
In 2005 the exchange-rate of the national currency in regard to U.S. dollar consolidated by 6.72%.
02 February 2006 [16:10]
AZAL State Air Company signed a memorandum with the British company Intercontinental Hotels Group on transfer to management of the first of Holiday Inn hotels in Azerbaijan.
02 February 2006 [16:06]
UniLeasing completed the first project on transfer the leasing object (motor transport) to the ownership of the leasor.
02 February 2006 [10:52]
A ceremony of presentation of the "Tax Prize" instituted by the Turkish Industrialists and Businessmen Association (TUSIAD) will be held on February 17.
02 February 2006 [10:35]
The compulsory reserve norm on deposits with a period more than 1 year has been increased from 0% to 10% from February 1 according to the decision issued by the Board of the National Bank of Azerbaijan (NBA).
02 February 2006 [10:15]
Next meeting of the state commission on Azerbaijan’s admission to the World Trade Organization (WTO) will be held on February 3.
02 February 2006 [10:06]
The Baku Steel Company has already resumed production by 100% yesterday.
02 February 2006 [10:03]
An auction on placement of short-term public bonds of the National Bank of Azerbaijan (NBA) with the state registration number 50100512S was held in the Baku Stock Exchange (BSE) yesterday.
02 February 2006 [10:00]
As the Ministry of Finance reports, the state budget receipts were implemented in AZM10.028 trillion or 100.5% level and it exceeds the 2004 figure by 43.5%.
02 February 2006 [09:58]
Marlen Asgarov gives explanations.
02 February 2006 [09:49]
The Oil-and-Gas production Unit (OGPU) named after A.J.Amirov extracted 465 thousand cubic metres of additional gas against 2 million 570 thousand cubic metres of gas extraction stipulated in the plan last month.
02 February 2006 [09:45]
Over 504 thousand retirees (37% of all pensioners) are paid their pensions and pension benefits by means of plastic cards in Azerbaijan at present.
02 February 2006 [09:40]
There are several incomprehensible details in the third report "On gross receipts derived by the Government of Azerbaijan Republic from the extractive industry" audited by the AGN Mak Company.
02 February 2006 [09:28]
The delegation of the Ministry of Transport will attend a seminar on application of digital topography in motor transport to be held in Moscow on March 2-3.
02 February 2006 [09:15]
The Ministry of Finance is currently conducting inspections in the Ministry of Health and Ministry of Economic Development.
02 February 2006 [09:09]
Deputy Minister of Transport Musa Panakhov talks about the project.
01 February 2006 [22:45]
2 more ships to be added to Azeri merchant fleet.
01 February 2006 [21:46]
"Plastic cards development" workship took place in Baku
01 February 2006 [17:03]
First stage of construction is over.
01 February 2006 [11:23]
"No need to raise fees in passenger carrying transport means," said Heidar Babaev, Chairman of the Tariff Council.
01 February 2006 [03:36]
The Joint Venture (JE) Azercell-Telecom was awarded with the "Ughur-2005" prize on two nominations.
01 February 2006 [03:01]
A ceremony of signing an agreement between the Sumitomo Mitsui Banking Corporation and International Bank of Azerbaijan (IBA) on lending credit in amount of $15 million to IBA will be held in Baku today.
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