Business
10 May 2007 [13:13]
Azerbaijan exported a total of 9.659 million tonnes of oil during January-April, 65.2% more than the same period last year.
10 May 2007 [12:40]
Azeri-Chirag-Guneshli (ACG) produced 10,828,000 tonnes of oil during January-April, up 70% from the same period last year.
10 May 2007 [12:38]
Romania's Oil Terminal Company joined the consortium of states participating in the implementation of the oil pipeline project Constance-Trieste-Paneurope envisaging transportation of the Caspian oil, Mircha Taiss, head of the development programs of the company said.
10 May 2007 [11:59]
Vladimir Putin, the Russian president, has embarked on a seven-day trip to Kazakhstan and Turkmenistan armed with a raft of proposals to broaden energy co-operation and beat off competition for central Asian natural gas supplies.
10 May 2007 [09:55]
Azerbaijan will take part in the Trans-Caspian gas pipeline project if its implementation is started, Azeri Deputy Foreign Minister Araz Azimov said.
10 May 2007 [09:45]
Azerbaijan's Tariff Council is expected to increase some public utilities bill next week, Economic Development Minister Heydar Babayev said.
09 May 2007 [12:48]
Azerbaijan's delegation headed by Finance Minister Samir Sharifov attended the 40th meeting of Asian Development Bank Directors Council in Kyoto.
09 May 2007 [12:47]
Baku Gas Supply Department (BakGas) has cut of supply to 1,274 defaulting customers who owe a total of AZN 260,674.56.
09 May 2007 [12:46]
Standard Insurance has won a contract to insure the State Oil Company's fixed assets, including oil bases in regions.
09 May 2007 [12:06]
BP as the operator of Azerbaijan's major oil and gas development and transportation projects on behalf of its co-venturers recently extended an existing contract with the local company Petrochem Group.
09 May 2007 [12:04]
State Oil Company of Azerbaijan will construct modern residential complex in S. Orujov Street in Lokbatan district which is considered for oilers.
09 May 2007 [12:03]
Elman Rustamov, chair of the board of the National Bank of Azerbaijan, and Piotr Prokopovich, Chair of the board of the National Bank of Belarus have met to discuss issues of mutual interest.
09 May 2007 [12:02]
Within the scope of secondary school computerization program, there will be one computer per 33 students in Azerbaijan at this year-end.
09 May 2007 [11:58]
AzAL Sighorta Insurance Company collected AZN 3,481,372 in premiums during the first quarter of 2007, down 19.8% from the same period last year.
09 May 2007 [11:53]
Azerbaijan's Economic Development Minister Heydar Babayev is to pay visit to Dagestan, Russia.
09 May 2007 [11:41]
Shahmar Movsumov, the Executive Director of the State Oil Fund of Azerbaijan (SOFAZ), has approved the information policy developed in accordance with the Law of the of Azerbaijan on Obtaining Information with the purpose of efficient management and proper coordination of the public relations of the Fund and meeting the demands of the public in receiving the Fund-related information and further development of the image of transparent governmental organization of the Fund.
09 May 2007 [11:40]
Azerbaijan produced 806.25 million cubic meters of gas against the planned 927.33 million cubic meters (86.9%) in April.
09 May 2007 [11:37]
Azerbaijan's International Insurance Company collected AZN 2,002,865 in premiums during the first quarter, two times higher than the same period last year.
09 May 2007 [11:36]
737.09 million cubic meters of gas were delivered to AzeriGas, the State Gas Company of Azerbaijan, against the planned 855.88 million cubic meters in April, 2007 (86.1%).
08 May 2007 [16:33]
Azerbaijan State Shipping Company has received Russian Federal Agency for Sea and River Transport's okay to its request for a vessel passage via Russia's waters from April through November.
08 May 2007 [15:41]
Azerbaijan Airlines State Concern is planning to operate direct flights between Baku and Antalya from June 19.
08 May 2007 [13:50]
The Education Reform Program between the Government of Azerbaijan and the World Bank is finishing this year, the country's education minister said.
08 May 2007 [10:04]
Mattar Al Tayer, Chairman and CEO of the UAE's Roads & Transport Authority (RTA), received Ziya Mammadov, Minister of Transport in the Republic of Azerbaijan and the accompanying delegation.
08 May 2007 [09:46]
The State Oil Company of Azerbaijan (SOCAR) transferred AZN 69,621 to the state budget in April, up 2.16 times from the same period last year.
08 May 2007 [09:35]
As of April 1, the assets of Azerbaijan's UniBank reached AZN 169,862,380, up 91.13% from a year earlier.
08 May 2007 [08:05]
Azerbaijan outperformed the Post-Soviet states, also commonly known as Commonwealth of Independent States (CIS), during the first quarter with the highest rate of industrial growth at 38.6%, said the CIS Statistical Committee.
08 May 2007 [08:04]
Azerbaijan's Finance Ministry has completed a competition for printing of tax invoices.
08 May 2007 [08:03]
Despite rapid growth in Azerbaijan??™s industry, the country??™s export potential is not effectively promoted globally. Experts say there is a gap in promotion of Azerbaijan and its exports.
08 May 2007 [08:00]
National Association of Regularity Utility Commissioners (NARUC) has organized trainings founded by US Agency for International Developments (USAID) for the specialists of Azerbaijan's Tariff Council and energy sector on tariff facilities, principles and methods of setting prices.
07 May 2007 [22:39]
The inspections in Avropa gapilari OJSC has not yet finished, founder of the company, parliamentarian Baba Tagiyev said.
07 May 2007 [22:26]
"Some municipalities give orders on behalf of the neighboring territories or state-owned lands and this causes problems," chief of Land and Cartography Committee Gerib Mammadov said.
07 May 2007 [22:25]
The weighted average exchange prices made up 0.8633 AZN for 1 US dollar in the Baku, Interbank Currency Exchange on May 7.
07 May 2007 [16:09]
President of "Barmek" Azerbaijan Electricity Distribution LLC Huseyn Arabul has undergone surgery on his eye in "Khazar University" hospital, Huseyn Arabul's son Zafar Arabul told.
07 May 2007 [14:48]
Two more bridges will be commissioned in Baku in June within the scope of the program to solve the increasing traffic congestions in the capital.
07 May 2007 [14:47]
A State Program for Chemical Industry Development in Sumgait, the industrial city of Azerbaijan, is being worked out at a presidential behest.
07 May 2007 [14:45]
Azerbaijan state oil company (SOCAR) exported 695,161 thousand of tones oil products in January-April of 2007 which is 32% less then the same figure of last year.
07 May 2007 [13:56]
Intelsat, Eutelsat and Intersputnik are taking interest in Azersat project aimed to orbiting a national communications satellite of Azerbaijan.
07 May 2007 [13:25]
According to the memorandum signed on March 29, 2007, with the Ministry of Education of Azerbaijan, "Ultra" company, the official representative of Intel corporation in Azerbaijan, will gratuitously transfer 1000 NEXUS laptops to the ministry.
07 May 2007 [08:31]
07 May 2007 [08:29]
Azerbaijan's state-run postal enterprise "AzerPost" has received a Gold Level Certificate from the Universal Postal Union (UPU), Azerbaijan Ministry of Communications and Information Technologies announced.
07 May 2007 [08:26]
The delegation of the Germany city of Ludwigshafen visited the local enterprise of Germany??™s BASF chemical company in Sumgait on May 5.
07 May 2007 [07:30]
Azerbaijan's state oil firm SOCAR is close to signing a contract with a major Indian oil company on direct crude oil supplies to one of the firm's refineries, a Socar official said Friday.
05 May 2007 [13:34]
The weighted average exchange prices made up 0.8632 AZN for 1 US dollar in the Baku, Interbank Currency Exchange on May 4.
05 May 2007 [13:32]
A meeting of transport workers from Azerbaijan, Kazakhstan and Georgia wrapped up in the Kazakh city of Aktau.
05 May 2007 [13:31]
The National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan continues to organize foreign trips for local businessmen.
05 May 2007 [13:13]
11742 extracts were registered since 1 March, 2006 by now.
05 May 2007 [12:59]
Azerbaijan's Finance Minister Samir Sherifov has left for Japan to attend the annual meeting of Asian Development Bank.
05 May 2007 [12:58]
Azerbaijan's State Committee for Property Management have taken measures to attract investors and privatization of nearly 15 stock companies on car-building, chemistry production of construction materials, communication, possessing of agricultural goods and other fields.
05 May 2007 [12:46]
The exact date of OSCE Chairman-in-Office, Spanish Foreign Minister Miguel Angel Moratinos' visit to the South Caucasus will be publicized in ten days.
05 May 2007 [12:39]
Azerbaijan's State Agency for Standardization, Metrology and Patents and US Agency for International Developments (USAID) will organize trainings in Baku from May 7-11 and in Ganja from May 14-18.
05 May 2007 [12:38]
Caspian Integration Business Club members met with SOCAR Marketing and Economic Operations General Manager Mukhtar Babayev and Gas Operations official Kamal Abbasov.
05 May 2007 [12:36]
A delegation of specialists of Azerbaijani State Railways will pay business visit to South Korea at the invitation of Korea's Construction and Transport Minister.
05 May 2007 [12:35]
Baku will host the meeting of Intra-European Organization of Tax Administrations from May 16 to 18.
05 May 2007 [12:34]
On May 3 Paris Appeals Court considered Malta's FimBank's appeal against 10 November, 2006 verdict returned by Paris Higher Instance Court in favor of Azerbaijan.
05 May 2007 [11:52]
The Open Society Institute - Assistance Foundation (Soros Foundation) spent approximately US $4 million on implementation of different programs in Azerbaijan during 2006.
05 May 2007 [11:51]
During April, Azerbaijan produced 1.9 billion kilowatts-hour of electricity, of which 1.7 billion kilowatts-hour generated by thermal power stations and the rest by hydropower stations.
05 May 2007 [11:49]
Tax computer terminal will be commissioned in Khirdalan soon.
05 May 2007 [11:48]
Azerbaijan Mortgage Fund (AMF) has to date lent 1,000 mortgage loans worth AZN 36 million through its authorized organizations.
05 May 2007 [11:47]
The problem on licensing local Lenkeran TV and Zagatala's Aygun TV can be solved soon.
05 May 2007 [11:45]
Azerbaijan's state budget was executed with a surplus of AZN 252.34 million for the period of January-March.
05 May 2007 [11:37]
Azerbaijan's huge Shakh Deniz gas field may reach peak annual production of 9.6 billion cubic metres in its first phase rather than the previous forecast of 8.6 bcm, Azeri state energy firm Socar said on Friday.
04 May 2007 [17:15]
Roman Amirjanov, Chairman of the Management Board of Azerdemiryolbank Joint-Stock Commercial Bank, interviewed by APA-Economics
04 May 2007 [16:00]
Turkmenistan's president, Gurbanguly Berdymukhammedov, has invited Chevron Corp. to participate in the exploration and development of hydrocarbon fields in the Turkmen part of the Caspian sea, the Turkmen government said late Thursday.
04 May 2007 [15:28]
Azerbaijan's Agriculture Ministry revoked four alcoholic drinks makers' licenses during the first quarter of 2007.
04 May 2007 [14:59]
Azerbaijan's Taxes Ministry has tested electronic tax declaration positive and received 900 e-declarations within a month.
04 May 2007 [14:47]
Azerbaijan had 5.3% growth in agriculture for the first quarter of 2007, the country's Agriculture Minister Ismat Abbasov told at the press conference.
04 May 2007 [13:40]
Azerbaijan Mortgage Fund (AMF) has let the authorized organizations that it would not finance 200 of the mortgage loans because of "technical mistakes" in mortgagor paperwork.
04 May 2007 [12:29]
Taxes Ministry of Azerbaijan is working on a project of tax payment through ATMs.
04 May 2007 [12:00]
The weighted average exchange prices made up 0.8635 AZN for 1 US dollar in the Baku, Interbank Currency Exchange on May 3.
04 May 2007 [11:34]
Trial on case of Huseyn Arabul, president of Barmek Azerbaijan Electricity Distribution LLC and six more company officers, who are accused of abuse of power, embezzlement and negligence of court judgements, continued at the Court of Grave Crimes.
04 May 2007 [11:15]
As of April 1, Azerbaijan's external debt totaled to $1.9784 billion or the foreign debt to gross domestic product (GDP) ratio was 7.5%. The country's per capita external debt stood at $230.
04 May 2007 [09:48]
Baku Office of Russia's Rosneft Company went on line.
04 May 2007 [09:39]
Azerbaijani President Ilham Aliyev's late-April trip to South Korea underscores how Asian states are becoming an increasing factor in the Caspian Basin energy equation.
04 May 2007 [09:36]
A delegation of Azerbaijani businessmen will visit Turkey from May 10 to 13. Azerbaijan's National Confederation of Entrepreneurs (Employers') Organizations (AEC) told that the visit is aimed at attending KONYA AMBALAJ 2007 exhibition to be held in TUYAP Exhibition Center.
04 May 2007 [09:32]
In April, the exchange rate of Azeri manat against the US dollar rose 0.3% to 0.8640 AZN/USD from AZN 0.8667 AZN/USD1.
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