Business
17 April 2007 [13:52]
Today, the third Azeri-Latvian Business Forum has started in Baku.
17 April 2007 [12:36]
Azerbaijan's Deputy Finance Minister Heydar Asadov was appointed as chairman of Azerbaijan’s Accounting Chamber.
17 April 2007 [12:10]
Within the scope of the three-year infrastructure development program, Azerbaijan intends to invest some $1 billion in railway modernization, including rationalizing the track and rolling stock asset base, increasing productivity, setting up a new legal framework and building up management capacity, Azerbaijan State Railway Company (ADDY) officer Gurban Nazirov told.
17 April 2007 [10:06]
BP Plc said on Monday reopening an oil pipeline from Baku to Supsa in Georgia, shut since last year, is not a high priority as supply rises from another export route.
17 April 2007 [08:53]
Azerbaijan's Culture and Tourism Ministry will hold presentations on Azerbaijan's tourism potentials in Switzerland, China, Uzbekistan and some other countries, Culture and Tourism Ministry's official for foreign tourism sector Elchin Gafarli told the journalists.
17 April 2007 [08:52]
As of April 1, Rabitabank's assets grew to AZN 49.2 million, 11% higher than the early year.
17 April 2007 [08:50]
In the first quarter of this year, Azerbaijan's Taxes Ministry has warned 18278 taxpayers who delayed their declarations.
17 April 2007 [08:46]
Azerbaijan State Committee for Public Property Management has announced an investment competition to sell shares of Sumgait Compressors Open Joint Stock Company. Any local and foreign investors can take part in the bidding.
17 April 2007 [08:45]
Berlin hosted the 2nd Board meeting of the Extractive Industry Transparency Initiative (EITI). Board member, Executive Director of State Oil Fund of Azerbaijan (SOFAZ) Shahmar Movsumov attended the meeting.
17 April 2007 [08:43]
A delegation of Mangystau oblast is expected to pay a one-day visit to Baku today.
17 April 2007 [08:41]
Azerfon LLC (trademark Nar Mobile) announced that as from April 16 Nar Mobile subscribers shall be able to use direct International roaming services being in Turkey, India and Hungary.
17 April 2007 [08:40]
SOCAR's President Rovneg Abdullayev received Managing Director of BP Group and Chief Executive of Exploration and Production Andrew Inglis and President of BP-Azerbaijan Bill Schrader.
17 April 2007 [08:37]
During the first quarter, Azerbaijan produced more than 6.6bn kilowatts of electricity, of which 6bn kilowatt-hour generated by thermal power stations and the rest by hydropower stations.
17 April 2007 [08:36]
Ganja Agrobusiness Association (GABA) held a conference on overall results.
17 April 2007 [08:34]
Russia will suspend gas exports to Georgia on the night of April 16-17 for pipeline repair.
17 April 2007 [08:30]
Azerbaijani President Ilham Aliyev received Andrew Inglis, Managing Director of the BP group and Chief Executive of Exploration & Production.
17 April 2007 [08:12]
The number of tourists visiting Azerbaijan has increased by 20-25% within the last five years, Azerbaijan's Culture and Tourism Ministry's official for foreign tourism sector Elchin Gafarli told the journalists.
17 April 2007 [08:07]
World Tourism Organization (WTO) and Azerbaijan's Culture and Tourism Ministry have today organized seminar on "Tourism marketing and advertising techniques."
16 April 2007 [21:50]
Georgia will only be receiving Shah Deniz gas via Baku-Tbilisi-Erzurum pipeline from Azerbaijan for two days as Russia suspends gas exports to Georgia on the night of April 16-17 for pipeline repair.
16 April 2007 [18:18]
Azerbaijan is working out a 10-year state program for tourism development.
16 April 2007 [12:20]
Representatives of the State Committee for Refugees and IDPs and Baku Underground along with the police visited the area belonging to Baku Underground situated on the crossroad of 7th and 8th micro districts in Binagadi.
16 April 2007 [12:19]
Azerigaz, State Gas Supply Company, has announced that it would cut off supply to defaulting customers from April 16.
16 April 2007 [12:17]
The next round of negotiations on electricity imports and exports between Azerbaijan's Azerenergy and Russia's RAO UES in Moscow has not yielded any good result for the parties.
16 April 2007 [12:16]
Azerbaijan exported a total of 7.42 million tons of oil during the first quarter, 76.25% higher than the same period last year.
16 April 2007 [12:08]
Azerbaijan's Ministry of Communication and Information Technologies said the negotiations are continuing with Kazakhstan over construction of the Caspian Sea stretch of the Trans-Asia-Europe (TAE) fiber-optic line.
16 April 2007 [11:37]
Officers of Yasamal police district detained president of Erdal Inshaat (Construction) LLC, Turkish Erdal Yilmaz and Baku resident Asif Veliyev, Interior Ministry press service told.
15 April 2007 [14:09]
"Some receive disability degree illegally and pretend to be disabled. But we have developed new regulations for determining disability. We will carry out reform in the Medial Examination Commission to bring it in line with international standards," Azerbaijan's Labor and Social Protection Minister Fuzuli Alakbarov told at the board meeting.
14 April 2007 [12:11]
SEMA Associates, a Californians-based company which developed the general plan of an Azeri town Shusha under illegal occupation by Armenia, is not recognized as a serious group anywhere, even the territory it was registered in.
14 April 2007 [11:51]
Pushed up by spending and demand growth, the inflation rate for the first quarter reached 16.6% in Azerbaijan, the National Bank board chair Elman Rustamov told a quarterly government meeting.
14 April 2007 [11:50]
As of April 1, there are 9,832 defaulting taxpayers in Azerbaijan and this figure accounts for 4.6% of the taxpayers in total, country's taxes minister Fazil Mammadov told a government meeting.
14 April 2007 [11:47]
State Oil Company of Azerbaijan (SOCAR) failed to fulfill the payment target to the state budget because of being underpaid by Azerenergy and Azerigas, the Taxes Minister Fazil Mammadov told a government meeting.
14 April 2007 [11:46]
Azerbaijan's industrial sector growth was 38.6% for the first quarter, the country's economic development minister Heydar Babayev told a government meeting.
14 April 2007 [11:44]
South Korea's STS company and Azerbaijan Investment Company will signed a memorandum of understanding on ship building and electricity generation during President Ilham Aliyev's visit to Seoul, Economic Development Minister Heydar Babayev said at the government meeting.
14 April 2007 [11:43]
The income forecast for the first quarter was implemented by AZN 1.88 million or 96.9% higher than a year earlier, Azeri finance minister Samir Sharifov told a government meeting.
14 April 2007 [11:31]
Government of Azerbaijan has approved regulations for the management of excessive treasury in the budget.
14 April 2007 [11:29]
Azerbaijani State Railway (ASR) plans to purchase nearly 40 locomotives in near three years in the frame of 2007-2010 Development Program of ASR.
14 April 2007 [11:29]
German Economy Minister Michael Glos will visit Azerbaijan in October this year.
14 April 2007 [11:25]
The Communications and Information Technologies Ministry has sent the Tariff Council the packages of proposals to increase subscription fee (from AZN 0.66 to AZN 1.10) and limit excessive telephone use this year.
14 April 2007 [11:06]
Azersu OJSC has begun to implement project on reconstruction of water supply and sewer system in Ganja and Shaki.
14 April 2007 [09:11]
On April 27, Baku will host the meeting of Azerbaijani and Polish business representatives.
14 April 2007 [09:10]
The inflation rate in Azerbaijan for the first quarter hit 16.98 percent, including 15.33% price hike in foodstuffs, 11.83% in nonfood products and 27.91% in services, said the calculation report of the Economci Research center.
14 April 2007 [09:09]
Azer-Asia Azerbaijan-Iran Insurance JV has started to provide mortgage and credit insurance services.
14 April 2007 [09:07]
As at April 1, Azersu OJSC has installed 199 185 water meters in the country, 160 242 of them have been installed in Baku.
14 April 2007 [08:53]
Azerbaijani Foreign Minister Elmar Mammadyarov met with the speaker of Parliament Nabi Berry in the Lebanese capital, Beirut.
13 April 2007 [15:13]
Azerbaijan and 12 Russian regions including Kurgan oblast have signed agreements on development of trade-economic relations, deputy Azerbaijan's Economic Development Minister Niyazi Safarov said, while commenting on the prospects of cooperation between Azerbaijan and Kurgan district.
13 April 2007 [14:25]
Oil Industry Worker's Rights Defense Organization’s chairman Mirvari Gahramanli held a press conference on "Azerbaijan Oil Industry Workers' Rights" today.
13 April 2007 [14:19]
Delegation headed by Kazakhstan's Mangistau oblast akim Krymbek Kusherbayev will visit Azerbaijan, reported to journalists Emil Medzhidov, Azerbaijan fund of incentive and investment (AZPROMO) president.
13 April 2007 [13:51]
Aktau-BTC project, which will carry the Kazakhstan oil to the world markets via the Baku-Tbilisi-Ceyhan oil pipeline, was signed for the first time.
13 April 2007 [12:54]
Storehouses for agricultural products will be constructed in different regions of Azerbaijan this year.
13 April 2007 [12:51]
Azerbaijan's Ecology and Natural Resources Ministry has studied the potential of wind power throughout the country and found the shoreline of the Caspian to be the windiest zone. The average wind speed near the seashore beats 6 mps while it falls even to 1 mps in regions.
13 April 2007 [12:49]
On April 9, the new share issue by MFBA, increasing the authorized capital to AZN 11 million was registered by the State Committee for Securities.
13 April 2007 [12:48]
"We need 10-15 years for construction of an nuclear power station in Azerbaijan. At least 7-8 years are needed for training of specialists. NPS is not important for Azerbaijan at present but in 10-15 years we will feel need for it," director of Radiation Problems Institute of Azerbaijan National Academy of Sciences Adil Garibov told the APA.
13 April 2007 [09:34]
The BP-led Baku-Ceyhan pipeline is set to pump more Azeri oil exports a day in May from April partly because of higher production, trading sources said on Thursday.
13 April 2007 [09:28]
The European Union is belatedly grasping the riskiness of its dependence on Russian gas, but it is disunited and short of ideas for how to reduce it.
13 April 2007 [09:16]
State Oil Company of Azerbaijani Republic (SOCAR) President Rovnag Abdullayev has received ONGC Videsh Ltd. Company Managing Director R. S. Butola, who accompanies Indian State Minister for Commerce Jairam Ramesh in the frame of his visit to Azerbaijan.
13 April 2007 [09:15]
Azerbaijan's Industry and Energy Minister Natig Aliyev met with the visiting multi-sectoral delegation led by Indian Minister of State for Commerce Shri Jairam Ramesh.
13 April 2007 [09:13]
Baku hosted the 19th meeting of Regional Communication Union's Commission for Economy of Communication and 18th meeting of Commission for Informatization.
13 April 2007 [08:58]
First Deputy Prime Minister of Azerbaijan Yagub Eyyubov has visited Sumgayit Power Station, and together with President of Azerenergy Etibar Pirverdiyev he concerned himself with construction process, got broad information about construction works and gave his recommendations to the workers.
13 April 2007 [08:57]
Azerfon today connects ten thousands of people. By this year's end, the company is planning to get a powerful network with a capacity of one million customers, said the press service of Azerfon, the new GSM operator in Azerbaijan, which launched its commercial operation on March 21 with a unique brand - Nar Mobile.
13 April 2007 [08:49]
Azerbaijan's new GSM operator Azerfon, launched on March 21 with a unique brand- Nar Mobile, celebrated start of its business activity, Wednesday.
13 April 2007 [08:48]
13 April 2007 [08:47]
Thursday, Azerbaijan's senior deputy premier Yagub Eyyubov met with Russia's Kurgan province governor Oleg Alexeyevich Bogomolov.
13 April 2007 [08:47]
Azersu, State Water Supply Company, has announced a competition for construction and rehabilitation of water supply and sewerage network in 2007.
13 April 2007 [08:46]
Georgia is going to increase consumption gas prices on the domestic market after the initial discussion on April 16.
13 April 2007 [08:45]
Azerbaijan Accounting Chamber's (AAC) Report 2006 have been recently discussed in the meeting of the chamber and approved.
13 April 2007 [08:33]
President of State Oil Company of Azerbaijani Republic (SOCAR) Rovneg Abdullayev met with delegation headed by Gerhard Roiss, deputy chairman of Austria's OMV Oil Company.
13 April 2007 [08:31]
Azerbaijan's President Ilham Aliyev has approved the regulations for official registry of personal property and formation of single legislative framework.
13 April 2007 [08:30]
13 April 2007 [08:29]
The building materials market of Baku held relative stability in March and average price rise 0.45 higher than a month earlier and 21.8% higher from a year earlier.
13 April 2007 [08:27]
The negotiations with Oleg Bogomolov, Governor of Russian oblast Kurgan, can be estimated successful, Azerbaijan's Economic Development Minister Heydar Babayev told the journalists.
13 April 2007 [08:26]
Bank Standard has installed a touchscreen panel in the window of the head office for easy access to its website.
13 April 2007 [08:25]
28 May Oil and Gas Extraction Unit produced 972 million cubic meters of gas from Guneshli Field during the first quarter.
13 April 2007 [08:19]
The representatives of German tourist companies will visit Azerbaijan from April 15 till 22 and representatives Austrian tourism companies from April 15 till 19.
13 April 2007 [08:00]
Latvia and Switzerland are considering the opportunities to participate together in different projects implemented in the South Caucasus, Latvian Foreign Minister Artis Pabrics stated at the meeting with Swiss President Micheline Calmy-Rey in Riga.
13 April 2007 [00:35]
Former First Deputy Prime Minister of Azerbaijan Abbas Abbasov lives in Moscow at present and leads the Fund of Cooperation and Promotion of Entrepreneurship. He is engaged in large business activity.
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