Business
25 April 2007 [15:10]
Delegation of Russia's largest aluminum company Rusal will visit Baku this year, said Head of Russia's Trade Office in Azerbaijan Yuri Shedrin.
25 April 2007 [14:43]
Russian oil company RussNeft will begin developing two oil field in Azerbaijan May 3, a Russian trade representative in the Caspian country said Wednesday.
25 April 2007 [14:37]
The trade between Azerbaijan and Russia grew 20.4%, year-on-year, during the first quarter, said Head of the Russia's Trade Office in Azerbaijan Yuri Shedrin.
25 April 2007 [14:31]
Parliament's commission for economical & political affairs held meeting.
25 April 2007 [14:06]
The State Oil Company of Azerbaijan (SOCAR) has sent a delegation to Moldova to study the prospects of oil exploration, development and recovery in this country.
25 April 2007 [13:36]
Two IMF missions have visited Azerbaijan to render technical assistance to the National Bank and State Statistical Committee.
25 April 2007 [13:26]
The Government of Azerbaijan has sent answers to the Washington-based International Centre for Settlement of Investment Disputes (ICSID) for Barmek Azerbaijan Electricity Networks' arbitration request against it.
25 April 2007 [11:59]
The United States congratulated Turkey and the developers of the Samsun-Ceyhan oil pipeline for Tuesday's historic groundbreaking.
25 April 2007 [09:22]
Baku will host Azerbaijan-Israel telecommunications and high-tech business-forum from May 7 to 8.
25 April 2007 [09:19]
Today, the Director of Azerbaijan's State Agency for Standardization, Metrology and Patents, Ramiz Hasanov, met with Caspian Integration Business Club members.
25 April 2007 [09:17]
Fire safety is not observed in some buildings, as well as the majority of establishments in Baku, Etibar Mirzayev, Deputy Emergencies Minister said a briefing on April 24.
25 April 2007 [09:10]
If the standards are not observed during the construction of gas and electricity lines, Emergences Ministry will forbid energy delivery.
25 April 2007 [09:09]
Emergences Ministry examined that firefighting equipment brought to Azerbaijan from Turkey, Iran, Russia, China and other countries do not meet standards.
25 April 2007 [09:01]
Azercell Telecom JV put into operation roaming service with Bosnia and Herzegovina's Public Enterprise Croatian Telecom, Korea's SK Telecom, Croatia's Tele 2 (GSM1800) and Slovakia's Telefonica O2 (GSM900/1800).
25 April 2007 [08:58]
The representatives of the Antimonopoly State Service attend the next Vienna Seminar organized by Hungary Regional Centre for Competition in Budapest.
25 April 2007 [08:46]
BTC Co. has been studying the prospects of expansion of the Baku-Tbilisi-Ceyhan daily throughput capacity to 1.2 million barrels from the current operating capacity of one million bpd.
25 April 2007 [08:44]
A 7,000-kilometer circular road around the Black Sea will be built within the next few years, says a draft memorandum of the Black Sea Economic Cooperation Organization approved by the Russian government.
25 April 2007 [08:39]
The Taxes Ministry of Azerbaijan transferred AZN 226,271 to the state budget against the target of AZN 250,058.7 at a 9.5% deficit during March.
25 April 2007 [08:38]
Baku will host the meeting of Azerbaijani and Iranian experts of railway administrations on North-South Transport Corridor in mid May.
25 April 2007 [08:38]
Azerbaijan's EraTrans Insurance Company intends to establish local branches in the regions of Lenkeran, Yevlakh, Barda and Aghsu.
25 April 2007 [08:30]
World Bank's mission on Internally Displaced Persons (IDPs) Economic Development Support Project visits Baku. This project aims to improve living conditions, enhance economic opportunities and prospects for social integration for IDPs.
24 April 2007 [16:57]
"US is keen in cooperation with Azerbaijan, Kazakhstan, Turkmenistan, Iraq, which are transporting natural gas from the region via Turkey to Europe," US Embassy in Turkey stated in support to the ceremony of foundation laying of Samsun-Ceyhan pipeline.
24 April 2007 [16:26]
Business forum is being held in Seoul with the participation of Azerbaijani and South Korean government officials and businessmen.
24 April 2007 [15:54]
Tuesday, Azerbaijan Investment Company and STX Corporation sealed two memorandums of understanding within the scope of a joint business forum in Seoul.
24 April 2007 [14:54]
Two road bridges, one in the intersection of Darnagul Highway and Bunyadov Avenue and the second in the 3rd micro-district road circle, will be commissioned in Baku in May.
24 April 2007 [14:12]
Kazakhstan's government could join a proposed gas pipeline linking the energy-rich Caspian to Europe, bypassing Russia, if the project meets the country's economic interests, the premier said.
24 April 2007 [12:54]
In June, the World Bank's Board of Executive Directors is likely to consider the National Water Supply and Sanitation Service Project in Azerbaijan.
24 April 2007 [12:14]
BTC Co. has been studying the prospects of expansion of the Baku-Tbilisi-Ceyhan daily throughput capacity to 1.2 million barrels from the current operating capacity of one million barrels a day.
24 April 2007 [09:22]
State Oil Company of Azerbaijan has started to lay a gas pipeline from Sangachal Terminal to Garadagh underground gas holder.
24 April 2007 [09:19]
State Committee for Management of State Property holds regional meetings on proper organization of privatization and management of state property, improvement of the work of regional departments and controls on taken measures.
24 April 2007 [09:11]
Valeh Aleskerov, vice-speaker of the parliament, chief of the standing commission on natural resources, energy and ecology has left for Austria to attend the third Europe-Russia Economic Forum.
24 April 2007 [08:55]
Emerging markets private equity fund manager Aureos Capital has launched a new $100m Central Asia Fund. The fund will focused primarily on Kazakhstan and Azerbaijan.
24 April 2007 [08:52]
Baku Electricity Network OSJC began to probe illegal connections to elevator power lines.
24 April 2007 [08:48]
Baku Electricity Networks has begun to cut off electricity supply to defaulting customers since 12:00, April 23.
24 April 2007 [08:46]
Azerbaijan Mortgage Fund has to date lent 800 mortgage loans worth AZN 27,637 million.
24 April 2007 [07:52]
Bank Standard has to date lent 136 mortgage loans worth AZN 4,369,812.
24 April 2007 [07:51]
A delegation from Russia's RAO UES (Unified Energy Systems) will visit Azerbaijan on April 27 to continue the price-haggling discussion.
24 April 2007 [07:50]
Azerbaijan State Railway Company (ADDY) has bought two locomotives from Russia with a soon delivery.
24 April 2007 [07:49]
With an exception of the State Oil Company of Azerbaijan (SOCAR), other nine biggest taxpayers transferred a total of AZN 52.3mln to the state budget with a surplus over the predictions (119%).
24 April 2007 [07:47]
Nar Mobile presented a new entertainment portal - Nar Mobile World to its subscribers. Besides making mobile communications colorful the Nar Mobile World portal offers to subscribers enjoying a number of interesting and useful services.
24 April 2007 [07:45]
Debutbank has opened a new branch in Baku.
24 April 2007 [07:43]
With several large infrastructure projects in progress, such as the Black Sea coastline highway, the Marmaray metro project -- which will cross the Bosporus Strait -- the Baku-Tbilisi-Ceyhan oil pipeline, the Nabucco and many others, Turkey is rapidly checking off its to-do list of national projects.
24 April 2007 [07:41]
As of April 1, the assets of Azerbaijan's Amrahbank reached AZN 33,291,860, up 31% from the same period last year.
24 April 2007 [07:38]
As of April 1, the Biggest Taxpayers Department of the Taxes Ministry has 692 taxpayers in the lineup, of which 280 are state-owned entities, 84 privately-owned, 278 foreign entities, 47 joint ventures and 3 international organization-owned ones. The department registered 439 VAT payers.
23 April 2007 [23:03]
The loans used for construction of the Baku-Tbilisi-Ceyhan pipeline project will be repaid during 2013-15.
23 April 2007 [23:00]
"Seymour" fishing–boat sailing under the flag of Azerbaijan was detained in Kazakhstan section of the Caspian Sea.
23 April 2007 [22:18]
The International Bank of Azerbaijan had a good year in 2006. The bank has won the "Best Emerging Market Banks" named by Global Finance magazine in an exclusive survey.
23 April 2007 [21:35]
Barclays and ABN Amro have agreed terms for their multi-billion euro merger plans in a deal which values ABN Amro shares at ?36.25.
23 April 2007 [15:44]
The president will submit the draft on amendments to the 2007 state budget of Azerbaijan to the parliament by May 15, Hadi Rajabli, chief of parliament’s socio-political standing commission said.
23 April 2007 [14:44]
Gas supply to Sabunchu, Narimanov, Nizami, Khatai and Binagadi districts of Baku was interrupted because of connection of newly constructed gas line to the net.
23 April 2007 [14:37]
The leaders of South Korea and Azerbaijan agreed Monday to increase economic ties between the two countries, part of Seoul's campaign to expand relations with oil-producing nations to feed its development.
23 April 2007 [13:14]
Azerbaijan Defense Minister Safar Abiyev and Defense Industry Minister Yavar Jamalov are scheduled to make an official visit to Pakistan.
23 April 2007 [09:22]
The Turkish and Greek prime ministers will this summer inaugurate a new pipeline bringing natural gas from Azerbaijan and other Caucasus producers, the Greek development minister said on Saturday.
21 April 2007 [16:03]
The Baku-Tbilisi-Ceyhan oil pipeline, which carries Azeri oil to European markets through Turkey and is a key part of Turkey's plan to become a global energy hub, is transforming the port city of Ceyhan into a magnet for domestic and foreign investment.
21 April 2007 [16:01]
Kazakhstan is urging Moscow not to take offense at its decision to diversify shipments of oil, most of which flow through Russia.
21 April 2007 [15:32]
Regional conference devoted to the activity of culture and tourism departments will be held in Shamakhi on April 23.
21 April 2007 [15:21]
The collection rate for gas has been pushed up after AzeriGas cut off supply to defaulting customers. The villa owners have begun to pay off the bills.
21 April 2007 [15:19]
Azerbaijan water Company (Azersu) installed 141,477 water meters during 2006, of which 106,119 in Baku, 35,358 in other regions.
21 April 2007 [12:12]
Business-seminars on accounting will be held in Azerbaijan Bank Training Center (ABTC) from April 25 to 27.
21 April 2007 [12:10]
VI Report stage of implementation of Extractive Industry Transparency Initiatives (EITI) in Azerbaijan started since the meeting of Selecting Group composed of EITI Governmental Commission, local and foreign companies engaged in extractive industry, representatives Coalition "To Improve Transparency in Extractive Industry" held on 19, April, 2007.
21 April 2007 [12:07]
Kur LLC will commission regional sale center in Sumgayit in a few days. The center will provide sale of computers, telephones and other products of the company.
21 April 2007 [12:04]
"Azerbaijan is able to export drinking water to neighbouring countries if applied," chair of Azerbaijan State Water Company (Azersu), Nizamaddin Rzayev told a press conference.
21 April 2007 [10:47]
The World Bank has introduced the water supply and drainage systems rehabilitation draft project to the government of Azerbaijan for approval.
20 April 2007 [23:50]
Culture and Tourism Ministry will propose to make monuments of satirists and musical instruments due to the executive order of the Head of State on monumental sculpture works, memorial and architecture complexes.
20 April 2007 [16:04]
A local individual has won investment competition for the shares of Baku Taxil Open Joint Stock Company.
20 April 2007 [12:58]
State Oil Company of Azerbaijan (SOCAR) and Turkey’s Turcas which agreed to set up a joint venture for oil exploration, refining and marketing submitted an offer to Energy Market Regulatory Authority (EPDK) to build a petroleum refinery in Ceyhan.
20 April 2007 [11:57]
Netty-2007 Azerbaijan National Internet Award, an annual campaign aimed at choosing the best websites in the country, has held virtual jury vote to set nomination finalists.
20 April 2007 [11:54]
Industrial production grew 38.6%, year-on-year, during the first quarter to AZN 4.6 billion in Azerbaijan.
20 April 2007 [11:52]
The representatives of Azerbaijani Microfinance Association (AMFA) will attend the 10th conference of Microfinance organizations in Sofia, Bulgaria, from May 29 to June 2.
20 April 2007 [11:50]
The debts of Azergas and Azerenergy to SOCAR have reached to AZN100m.
20 April 2007 [11:47]
National Bank of Azerbaijan has submitted draft bill on Non-bank credit organization to government.
20 April 2007 [11:32]
Russia's Kommersant newspaper published new version of ranking "CIS's 1000 banks" published in March.
20 April 2007 [11:30]
47 tankers took on board 5.549 million tonnes of Azeri Light crude oil at the Ceyhan Port in Turkey during the first quarter of 2007.
20 April 2007 [11:30]
Energy summit expected to be held in Warsaw on May 11-12 will possibly rescheduled.
20 April 2007 [11:29]
The total daily production rate at Azeri-Chirag-Guneshli has beaten 690,000 barrels per day.
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