Business
13 January 2006 [14:42]
Azerbaijani government did not agree with proposal of the World Trade Organization to lift restrictions on foreign capital in the insurance market of the country.
13 January 2006 [11:05]
A new bank to provide all types of financial services, with a charter capital of $5 million, has opened in Azerbaijan.
13 January 2006 [04:43]
The “UniBank” Commercial Bank received the $700 thousand first tranche of the credit granted by the Black Sea Trade and Development Bank (BSTDB) for the purpose of developing trade operations.
13 January 2006 [04:41]
Next meeting of the Azerbaijan-Pakistan intergovernmental economic commission will be held in Islamabad in these days.
13 January 2006 [04:35]
Azerbaijan’s new mobile communication operator, Azfon, is about to start the construction of a telephone exchange and transmitters, while eight months later the operator will start providing services to mobile phone users.
13 January 2006 [04:31]
Azerbaijan-Israeli business-forum to be held in Baku and Guba on February 19-21.
13 January 2006 [04:02]
Currency exchange stations acting in the territory of the country will be replaced with exchange bureaus in near future.
13 January 2006 [03:56]
Some Azeri MPs voiced concerns over the government’s unanticipated decision to double retail prices on some oil products to bring them closer to world levels.
12 January 2006 [21:55]
The Azeri Government managed to keep inflation level in one-figure level.
12 January 2006 [10:47]
“Azerbaijan will launch a satellite in the space soon. The new satellite will be orbited together with Azerbaijan, Russia and Georgia.”
12 January 2006 [10:20]
Azerbaijan was honoured with the 123rd place among 161 states on the Index of Economic Freedom calculated by the Heritage Foundation and Wall Street Journal.
12 January 2006 [10:07]
Negotiations on the price of electric energy Azerbaijan sells to Russia will be continued in January. According to the information given from the press-service of “Azerenergy” OJSC based on the vice-president of OJSC Marlen Asgarov, during the year “Azerenergy” purchases approximately 3 billion kWh electric energy from Russia and sells 1 billion kWh to this country.
12 January 2006 [09:10]
“The hearing with FimBank will complete in the Azerbaijan’s favor.”
11 January 2006 [22:59]
Kazakh Prime Minister Danial Ahmetov asserted his government’s intention on joining to the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline during the meeting with his Azerbaijani counterpart Artur Rasizade.
06 January 2006 [17:01]
The Tariff Council of Azerbaijan in its Thursday meeting considered an appeal by the enterprises n possible increase of retail prices of oil prices, according to the Tariff Council.
06 January 2006 [12:16]
The necessity of ban on caviar sale and sturgeon fishing will be considered on 15 January during meeting of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
06 January 2006 [12:07]
The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Azeri platform – Azeri Project Phase 2, as part of the Azeri-Chirag-Gunashli (ACG) field development, in the Azerbaijan sector of the Caspian Sea.
06 January 2006 [11:35]
Azerbaijan provisionally suspended food import from Turkey due to “Bird Flu”.
06 January 2006 [11:30]
The president of the BP-Azerbaijan Company David Woodward was awarded the “Saint Michael and Saint George” order by the Queen II Elizabeth and his name was included in the New Year Honorary list of Great Britain announced on January 1.
06 January 2006 [11:19]
A meeting of the representatives of the railway offices of Azerbaijan, Kazakhstan and Georgia will be held in Baku on January 12-13 for the purpose of determination of the main operator of the container train exploitation project by means of the Poti-Baku-Aktau-Almati route.
06 January 2006 [11:07]
Azerbaijan and Bahrain will develop relationships in all spheres of cooperation.
28 December 2005 [10:13]
The “AzEuroTel” Joint Enterprise (JE) will present its services on rapid Internet access with the speed from 64 Kb to 516 Kb based on the ADSL technology in the unlimited access mode by 1 January.
28 December 2005 [10:06]
After the AN-140-100 airplane taken off from Baku en route to Aktau crashed, the “AzAL” State Concern will return another AN-140-100 airplane purchased from Ukraine back. APA was informed about it by the sources in the “AzAL” State Concern.
28 December 2005 [10:03]
IBA-Moscow, Austrian «Raiffeisen Zentralbank Osterreich Aktiengellschaft» and Moscow branch «Raiffeisenbank Austria» signed credit agreement on December 23, 2005, International Bank of Azerbaijan reports. It is the first deal of IBA-Moscow on attraction of the western banks’ finances in implementation of the projects in Russia.
28 December 2005 [10:01]
“Azerigas” has already given instructions for solution of the technical issues in the field of purchasing gas from Iran.
28 December 2005 [09:57]
Distribution of social insurance certificates to employees will be started by the beginning of the next year.
28 December 2005 [09:38]
“I promised that the young people will be able to obtain preferential credits by February of the next year. Probably there will be no obstacle in its implementation”.
28 December 2005 [09:30]
An airliner AN-140-100, which crashed near Baku on 23 Dec, was insured by insurance company AZAL Sigorta, AZAL state company told Trend.
24 December 2005 [09:30]
The mobile tax inspections conducted by the Ministry of Taxes in the “Azpetrol” Oil Company, “Azpetrol Ltd.”, “Azertrans Ltd.” Limited Liability companies (LLC) on fulfillment of the legislation on taxes and other mandatory payments are continued.
24 December 2005 [09:24]
Purchasing of the stocks amounting to of 25 %+1 thousand manats of the “AzerDemiryolBank” Joint-Stock Bank (JSB) by the European Bank for Reconstruction and Development (EBRD) has completed.
24 December 2005 [09:21]
According to the order by the Marketing and Economic Operations Department (MEOD) of the State Oil Company of the Azerbaijan Republic (SOCAR), the “Ernst & Young” Company conducted audit of activity of MEOD on 2004.
20 December 2005 [21:48]
A solemn ceremony dedicated to the commencement of the Iranian gas delivery to the Nakhchivan Autonomous Republic (NAR) was held in the area of Nakhchivan city gas-exploitation unit on Tuesday.
20 December 2005 [11:01]
The volume of monetary incomes of population at face-value formed 34.4 trillion manats during 11 months of this year.
20 December 2005 [11:00]
The “Transparency International” public organization announced a new rating table on the level of corruption in the world’s countries.
20 December 2005 [10:57]
Court of Economy on arguments due to international deals satisfied the claim raised by Ibrahim Mammadov, former owner of “Azertrans LTD” against Justice Ministry and Dutch “Allied Meridian Oil and Gas Group B.V” company.
20 December 2005 [10:32]
On Thursday the Japanese government and the Azerbaijani nongovernmental organizations will sign 3 grant agreements in the total amount of $277,525,000 in Baku.
20 December 2005 [10:13]
Inspections conducted in the “Azpetrol” Group of Companies positively affected the image of the company and several projects implemented were halted.
20 December 2005 [10:09]
Election of a president to the US-Azerbaijan Chamber of Commerce (USACC) will be held in February of 2006.
20 December 2005 [10:03]
A ceremony of signing of the contract on lending $ 2 million to “Bank Respublika” and $ 2 million to “UniBank” by the European Bank for Reconstruction and Development (EBRD) was held yesterday.
19 December 2005 [18:13]
The vice-president of the "Azerenergy" Open Joint-Stock Company Marlen Asgarov aknowledged yesterday that if Russia insists on rising electric energy in price then Azerbaijani side will undertake alternative variants.
19 December 2005 [17:01]
From 12 through 16 December URAL (EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $53.05 per barrel or rose $1.92 barrel as compared to the last week (5 - 9 Dec.
19 December 2005 [11:46]
President of Azerbaijan Ilham Aliyev signed a decree on holding the 8-th annual sitting of the Black Sea Bank of Trade and Development (BSBTD) and the Black Sea business forum in Baku.
17 December 2005 [16:14]
The European Bank for Reconstruction and Development (EBRD) is lending $ 2 million to Bank Respublika and $ 2 million to UniBank for on-lending to micro and small enterprise clients. The credit's goal is to further promote the entrepreneurial activities in Azerbaijan.
17 December 2005 [15:35]
The International Bank of Azerbaijan plans to switch to a new and more modern automated banking system starting January 1 of the next year.
17 December 2005 [15:17]
A seminar on completion of the "Modernization of tax deduction system in Azerbaijan" project funded by the TACIS Program of the European Union (EU) was held yesterday.
17 December 2005 [11:40]
Second stage of the talks on admission of Azerbaijan Republic to the World Trade Organization will be held in February-March months of 2006.
17 December 2005 [11:29]
Turkey wants Azerbaijan to clear off its electric energy debt that forms aproximately $150 million.
17 December 2005 [11:20]
Turkish Ambassador to Azerbaijan Turan Morali noted that there is a chance that oil transportation through Baku-Tbilisi-Ceyhan will be delayed until summer of 2006.
16 December 2005 [19:07]
On Friday Excelsior Hotel hosted a presentation of the "Intelekt-2005" award instituted in 2004 by IT Magazine and Association on Project Management (AzPMA). The award is conferred for succesful implementation of projects in different spheres of the Azerbaijani economy.
16 December 2005 [17:59]
Heads of the railway offices of Azerbaijan, Georgia and Turkey are going to meet in February of 2006 to discuss construction project of the Baku-Tbilisi-Akhalkalaki-Kars railroad.
16 December 2005 [11:20]
The "Khazardenizneftdonanma" Office announced a tender on purchasing various equipment and spare parts required for a repair of the of "Athlete-8" and "Shirvan" typed ships.
16 December 2005 [11:14]
"Macro-economic stability level and economic development rate in Azerbaijan is high," Julian Barengaut, the Deputy Director of the International Monetary Fund (IMF) Department on Near East and Central Asia, stated at a meeting with Ilham Aliyev, the Azerbaijani President, held on Thursday.
16 December 2005 [10:51]
President of the "Azerenergy" Open Joint-Stock Company Etibar Pirverdiyev is sure that 40% increase of the price for electric energy Azerbaijan purchases from Russia is disadvantageous for the company.
16 December 2005 [10:15]
Businessman Ibrahim Mammadov who created "Azeritrans" sub-enterprise of "Azpetrol" appealed to court stating that he was forced to sell 95% of his company's shares to Azpetrol.
15 December 2005 [19:24]
Today Azerbaijani "Bank Respublika" announced that it has joined the express money transfer system PrivatMoney.
15 December 2005 [19:03]
The president of the "BP-Azerbaijan" company David Woodward held yesterday a press-conferene devoted to the results of 2005.
15 December 2005 [18:29]
Gas production from the Shahdeniz oil field will be started by the end of the 3rd term of 2006 and a part of gas produced from the well in the 4th term will be delivered to the state.
15 December 2005 [18:10]
One of the main works to be carried out on the Azeri-Chirag-Guneshli (ACG) project on the first place in 2006 will be first oil’s entering the terminal from the Western Azeri and completion of modernization of the main block of the "Azerbaijan" crane-barge.
15 December 2005 [17:49]
Minister of Communication and Information Technologies Ali Abbasov announced that rates for long-distance calls will be affected by amounts of paid taxes.
15 December 2005 [11:15]
A working meeting of the Gazprom Open Joint Stock Company (OJSC) board chairman Alexey Miller and the first deputy Prime Minister of Azerbaijan Yagub Eyubov took place yesterday at the company’s central office.
15 December 2005 [10:47]
The State Oil Company of the Azerbaijan Republic along with Joint Enterprises and Operation Companies put 17 wells into exploitation by December 1.
15 December 2005 [10:24]
Though Azerbaijan declined credits of the International Monetary Fund (IMF), it is possible that the Fund will participate in funding of some projects in the country.
15 December 2005 [10:14]
Placement of ordinary registered undocumented stocks with the state registration number AZ100100016P of "Gunaybank" Open Joint-Stock Company (OJSC) was held at the Baku Stock Exchange yesterday.
15 December 2005 [10:10]
Placement of ordinary registered undocumented stocks with the state registration number AZ100100490P of "AtaHolding" Open Joint-Stock Company (OJSC) was held at the Baku Stock Exchange yesterday.
14 December 2005 [16:51]
The Azerbaijan Insurance Companies Union and Azerbaijan Insurers Union will merge next year.
14 December 2005 [16:14]
"Azerbaijan regards rise in the value of the export energy by RAO EES by 40% as inexpedient," said Etibar Pirverdiyev, the President of Azerenergy JSC.
14 December 2005 [16:08]
An auction on placement of short-term notes of the National Bank was held at the Baku Stock Exchange (BSE) today.
14 December 2005 [10:34]
The "Capital Bank" announced an open tender for reconstruction of the facade of its building in a modern style. Tender offers will be opened at 15:00 pm on January 27, 2006.
14 December 2005 [10:18]
Talks between SOCAR and Russian "Gasprom" were postponed till the next week.
13 December 2005 [18:14]
In 2006 Garadagh Cement joint-stock company plans to invest $7 million in Azerbaijan, Uwe Koehler, said the chairman of Management Board of Garadagh Cement.
13 December 2005 [17:59]
The Turkish fishermen have appealed to a court as a sign of protest against Turkish authorities that prohibited residents of coastal regions of Iskenderun Gulf to fish in the area ranging 3 km from the Black sea port of Ceyhan, where finishes Bakut-Tbilisi-Ceyhan.
13 December 2005 [11:43]
The National Bank of Azerbaijan will harden requirements for operation of currency exchange booths. The chairman of the Administrative Board of the National Bank Elman Rustamov stated that the main reason for doing so is an attempt to avoid currency shortage as it was in September.
13 December 2005 [11:26]
Japanese company built a facility that will help Azerbaijan to get rid of polluted by oil spill areas around Baku. Presentation of "Oil Extractor" facility will be held on December 14.
13 December 2005 [10:32]
President of the "Azerenergy" Open Joint-Stock Company (OJSC) Etibar Pirverdiyev announced yesterday that the government of Georgia began paying back its electric energy debt to Azerbaijan.
12 December 2005 [20:18]
In the period from 5 to 9 December URAL (EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $51.13 per barrel or rose $2.90 barrel as compared to the last week (28 Nov - 2 Dec), Trend reports.
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