Business
29 March 2007 [16:05]
Booz Allen Hamilton consulting firm will submit the package of proposals on Regional Innovation Zones Establishment Project to the Government of Azerbaijan in a two days.
29 March 2007 [14:32]
The opening ceremony of the 2nd Turkish Construction Materials exhibition was held in the Republic Olympic Centre in the Azerbaijani capital, Baku.
29 March 2007 [14:24]
Addressing the sixth international oil and gas conference in Turkey on March 27, Turkey's Minister of Energy and Natural Resources Hilmi Guler said Azerbaijan's natural gas would be transported to Greece from July.
29 March 2007 [14:17]
The US-Azerbaijan Industry-State Relations Forum has started in Baku on Thursday.
29 March 2007 [13:12]
Preliminary court proceeding on case of president of Barmek Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, was again postponed.
29 March 2007 [08:48]
Georgia will pay off its debt to Azerbaijan for electricity impost by this year's end in the form of electrical power.
29 March 2007 [08:47]
Azerbaijan's Ganja Automobile Plant will assemble 390 'Belarus' tractors at the first stage.
29 March 2007 [08:45]
There is a gap between the revenues and expenditures of Azerkimya, the state-owned chemicals maker, said Azerbaijan's Industry and Energy Minister Natig Aliyev.
29 March 2007 [08:44]
It will be possible to construct Azerbaijan-Georgia-Turkey power line while no concrete agreement has been reached yet, said Azerenergy Vice-President Marlen Asgarov.
29 March 2007 [08:43]
Azerbaijan's leading mobile operator Azercell Telecom JV is rewarded as "GSM operator of the year" and "Philanthropist of the year."
29 March 2007 [08:41]
In Azerbaijan, waste of electricity has been minimized after the energy prices rise in January and acceleration of metering process. Electrical power consumption fell between 20% and 25% in regions.
29 March 2007 [08:36]
The next round of negotiations on Azerbaijan's WTO accession efforts is scheduled for May-June.
29 March 2007 [08:34]
The weighted average exchange price made up 0.8675 AZN/USD at trading sessions on the Baku Interbank Currency Exchange.
29 March 2007 [08:34]
The State Committee for Securities has registered OJSC Turanbank's issue prospectus for ordinary book-entry stocks. The amount of the issue is AZN 1,000,000, face value per stock AZN 1,000.
29 March 2007 [08:27]
During January and February, shipment flow into and out of Baku International Sea Trade Port totaled 732,800 tons, down 35.4% from the same period a year earlier.
29 March 2007 [08:26]
Communications services provided for the legal entities and individuals in Azerbaijan amounted to AZN $89.7mln during January and February, up 16.5% from a year earlier.
29 March 2007 [08:25]
Imishli Sugar Refinery plans to expand its daily capacity to 1,500 tons by this year's end, through application of advanced technology, said the company owner Azersun Holding President Abdolbari Goozal.
29 March 2007 [08:23]
A forum will be held in Crescent Beach Hotel, Baku to have exchange of views on management and corporate governance.
29 March 2007 [08:14]
Azerbaijan's first Ambassador for Sri Lanka Dr.Tamerlan Karayev asks Sri Lankan entrepreneurs to join with Azerbaijanis to form business partnerships and market Sri Lankan products at Azerbaijan.
29 March 2007 [08:09]
Ina Gudele, Minister for Special Assignments for Electronic Government Affairs of Latvia will arrive in Baku.
28 March 2007 [23:09]
The International Center for Settlement of Investment disputes (ICSID) appointed the legal procedure on case of the Azerbaijani government on the charges raised by Barmek- Azerbaijan Electricity Distribution LLC for May 18.
28 March 2007 [22:57]
Azerbaijan will be more interested to join Odessa-Brody pipeline if it establishes chain fuel-filling stations in Ukraine, said Azerbaijan's Industry and Energy Minister Natig Aliyev.
28 March 2007 [22:50]
Georgian parliament unanimously ratified the agreement on construction of Kars-Tbilisi-Baku railway project.
28 March 2007 [22:45]
Azerbaijan's Transport Minister Ziya Mammadov reviewed streets and roads in Baku.
28 March 2007 [22:37]
Azerenergy, State Electricity Company, has sent the Government the draft program aimed at reconstruction of power grids, networks and stations in the country, said Company Vice-President Marlen Asgarov.
28 March 2007 [22:28]
In two months, two road bridges will be commissioned in Ziya Bunyadov Avenue and the 3rd Microdistrict in Baku.
28 March 2007 [22:28]
The work on construction of Imishli-Parabad high-voltage power supply line between Azerbaijan and Iran has continued to progress and the construction work will be complete by this year's end, said Azerenergy Vice-President Marlen Asgarov.
28 March 2007 [22:25]
In Azerbaijan, oil and non-oil sectors should pace in parallel and by 2012 revenues coming from these sectors have to be parallel, said the country's industry and energy minister Natig Aliyev.
28 March 2007 [22:23]
A total of USD 7 billion ws invested in the economy of Azerbaijan last year, of which 42% was domestic and 58% foreign capital investments, said the Cabinet's Financial Policy Officer Ogtay Hagverdiyev.
28 March 2007 [22:22]
In late May or early June, the Government of Azerbaijan might reconsider revenues and expenditures of the state budget for 2007, said the Cabinet's Financial Policy Officer Ogtay Hagverdiyev.
28 March 2007 [22:19]
Today, Azerbaijan's Transport Minister Ziya Mammadov reviewed streets and roads in Baku.
28 March 2007 [22:18]
Belarus and Azerbaijan are considering the refining of Azeri oil at Belarusian refineries, and Azerbaijan is inclined to believe such a move would be beneficial, Azeri Prime Minister Artur Razizade said at a meeting of a joint Belarusian-Azeri commission.
28 March 2007 [22:11]
Preliminary court proceeding on case of president of Barmek Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, was again postponed.
28 March 2007 [22:00]
Industry ad Energy Minister Natig Aliyev has met with his Georgian counterpart Nika Gilauri.
28 March 2007 [21:56]
Azerbaijan Airlines State Concern (AzAL) intends to open direct flight between Baku and Munich, the Company told.
28 March 2007 [15:09]
Azerbaijan's Energy Minister said Wednesday that the ex-Soviet Caspian Sea nation would double its oil output by 2010.
28 March 2007 [09:25]
Cargo transportation in Azerbaijani part of Transport Corridor Europe-Caucasus-Asia (TRACECA) reached 3.9mln tonnes in January, up 6.1% from a year earlier.
28 March 2007 [09:24]
Gas supply system of the Azerbaijani region of Ganja is being reconstructed.
28 March 2007 [08:59]
Azerbaijan's Azerenergy and Russia's RAO UES (Unified Energy Systems) intend to set the prices of electricity imports for the second quarter by the end of March.
28 March 2007 [08:58]
Baku Electricity Networks has begun to cut off electricity supply to debtors from March 27.
28 March 2007 [08:57]
Azerbaijan intends to form information network and resources registry system to control and register the firms engaged in this sphere, said Communications and Information Technologies Ministry Officer for Information Society Development Rufat Gulmammadov.
28 March 2007 [08:55]
The world's leading enterprise software company, Oracle held a presentation of Oracle Business Intelligence Suite EE 10g Release 3.
28 March 2007 [08:53]
Director of Azerbaijan's Absheron Insurance Company Aghahuseyn Huseynov was dismissed.
28 March 2007 [08:52]
The delegation of Turkey's Radio and Television Corporation will visit Baku on April 5.
28 March 2007 [08:43]
Azerbaijan's State Student Admission Commission has announced an open contest for procurement of stationery and supply of its administrative building with heating.
28 March 2007 [08:41]
Two IMF missions for technical assistance will visit Azerbaijan in April.
27 March 2007 [23:50]
New pipelines mean competition, not confrontation with Russia.
27 March 2007 [22:55]
The 31st Assembly of Parties of the International Telecommunications Satellite Organization (ITSO) member states held in Paris, from 20 to 23 March.
27 March 2007 [22:38]
Azerbaijan's Minister of Industry and Energy Natig Aliyev does not deem it expedient to continue after April 1 supplying Georgia with gas extracted by Azerbaijan's State Petroleum Company.
27 March 2007 [19:44]
Crude-oil futures were lower early Tuesday but held close to $63 a barrel as the U.K. increased pressure on Iran to free 15 navy personnel taken prisoner by armed Iranian forces last week with Prime Minister Tony Blair warning efforts will enter a "different phase" if diplomatic moves fail.
27 March 2007 [19:29]
Booz Allen Hamilton consulting firm will submit the package of proposals on Regional Innovation Zones Establishment Project to the Ministry of Communications and Information Technologies in a few days.
27 March 2007 [19:11]
Azerbaijan's Taxes Ministry has frozen the bank accounts of Azerigas as it failed to collect gas bills.
27 March 2007 [19:00]
Turkish Energy Minister Hilmi Guler told the fourth Oil&Gas Conference that construction works in the terminal in Silvri to receive natural gas from Azerbaijan has been completed.
27 March 2007 [18:57]
"Azerbaijan's government has not signed final handover agreement with Barmek LLC yet," said Barmek's president Huseyn Arabul.
27 March 2007 [18:56]
SOCAR Energy Georgia will establish fuel filling stations in the regions of Georgia compactly populated by Azerbaijanis, Company Director General Mahir Mammadov said.
27 March 2007 [18:52]
Presentation ceremony of the first tractor Belarus 80.1 assembled at Ganja Automobile Plant was held.
27 March 2007 [16:25]
March 21, the World Bank's Board of Executive Directors approved a US$ 30 million IBRD loan for the Real Estate Registration Project for the Republic of Azerbaijan.
27 March 2007 [14:09]
The World Bank and Azerbaijan's Communications and Information Technologies Ministry have jointly announced Small Grants Program for involvement of citizens in information society.
27 March 2007 [13:43]
The International Center for Settlement of Investment disputes (ICSID) postponed the legal procedure fixed for March 28 on case of the Azerbaijani government on the charges raised by Barmek - Azerbaijan Electricity Distribution LLC for uncertain time, Barmek president Huseyn Arabul exclusively told.
27 March 2007 [13:18]
Azerbaijan Accounting Chamber will audit OJSC Agroleasing according to the financial control program.
27 March 2007 [11:44]
Preliminary court proceeding on case of president of Barmek Azerbaijan Electricity Distribution LLC Huseyn Arabul and seven more company officials, who are accused of abuse of power, embezzlement and negligence of court judgements, was held on Tuesday.
27 March 2007 [00:30]
Georgia's Economic Development Minister, Georgiy Arveladze said Kars-Akhalkalaki-Tbilisi-Baku railway will not be an alternative to the country's seaports, and those who say so are unaware of the current situation.
27 March 2007 [00:28]
It is possible to transport 1.6 million barrels of crude via the BTC pipeline, Salih Pashaoglu, director general of Turkey's BOTAS company said at the international conference.
27 March 2007 [00:25]
The Azerbaijan Air Lines (AZAL) launched a new Baku-Saint Petersburg flight on March 25.
27 March 2007 [00:19]
A seminar initiated by UNIfans, a Paris-based Organization, discussed the topic "Azerbaijan, Georgia, Kazakhstan and Uzbekistan: the visible sides of economic growth."
26 March 2007 [19:19]
The highest rate of lending since the eve of the Asian crisis in 1997 is "stretching" banking systems worldwide, according to Fitch Ratings.
26 March 2007 [17:38]
On March 22-23, regional energy leaders gathered in Tbilisi for the Georgian International Oil, Gas, Infrastructure and Energy Conference (GIOGIE) discussing among other issues Georgia's role in developing alternative oil and gas transport routes that bypass Russia and help Europe become less reliant on Russia for its energy needs.
26 March 2007 [14:55]
Azerbaijan saw its Gross Domestic Product grow 41.7% year-on-year to $3.8 billion in January and February 2007, the South Caucasus nation's government statistics agency said Monday.
26 March 2007 [14:42]
An official opening of the Baku grain terminal will be held in Govsany, Baku, on April 3, 2007.
26 March 2007 [13:54]
Chief executive of the state-run Georgian Oil and Gas Corporation (GOGC) Alexander Khetaguri will visit Baku on March 29 to negotiate with the Azerbaijan's state company, Azerigaz, on additional supplies of gas.
26 March 2007 [08:52]
Energy security has became the main theme of today's world.
24 March 2007 [20:33]
The World Bank has set aside a $30 million loan for the Real Estate Registration Project in Azerbaijan with a grace period of 5 years, the World Bank announced on March 22.
24 March 2007 [20:31]
BP Azerbaijan said it expects the ACG (Azeri-Chiraq-Gunashli) operating expenditure to be $396 million in 2007, and plans to spend $2.579 million in capital expenditure on ACG activities this year.
24 March 2007 [20:30]
Azerbaijan's State Oil Company (SOCAR) has named the winner of its tender who will transport 1 million barrels of Azerbaijani crude oil (Azeri Light) from the Turkish port of Ceyhan in April.
24 March 2007 [20:29]
Azerbaijan's Minister of Finance Samir Sharifov visited Hungary March 22-23.
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