Business
12 March 2007 [23:25]
Azerbaijan's State-owned chemicals maker owes a great amount of electricity bill to Sumgait Electricity Networks and won't pay off despite regular warnings, the SEN spokesman Mubariz Zeynalov stated.
12 March 2007 [22:54]
IFC inked an agreement with Azerbaijan's Bank Respublika to open a $5m credit line on-lending to small and medium-sized enterprises.
12 March 2007 [22:29]
Monday, power outage struck districts of Sabayel and Nasimi in Baku following the power grid failure in afternoon.
12 March 2007 [14:40]
Azerbaijan's Taxes Ministry has started to receive tax declarations on trial.
12 March 2007 [13:53]
In April Azerbaijan Microfinance Association will host an international conference, bringing together about 20 microfinance organizations, as well as government and bank representatives to discuss rating services.
12 March 2007 [10:26]
Free Consumers' Union appealed to Baku Mayor's Office for picket on March 15 on the occasion of World Consumers Day.
10 March 2007 [15:46]
Russian police have searched the Moscow office of the international auditing company PricewaterhouseCoopers.
10 March 2007 [14:55]
The U.S. Food and Medicine Agency has banned the sale of 'Jermuk' mineral water produced in Armenia.
10 March 2007 [14:55]
10 March 2007 [14:52]
Azercell Telecom offered for SimSim, GenjSim and BizdenBize subscribers the scratch card in the amount of 5 AZN.
10 March 2007 [14:37]
Most of oil products were sold in Baku within February, the least indicator recorded in Horadiz settlement of Fuzuli region of Azerbaijan.
10 March 2007 [11:19]
Latvia's Parex Leasing & Factoring increased investments in Azerbaijan by fivefold in February to $5,030,022.
10 March 2007 [11:17]
March 13-14 the EBRD will host a conference bringing together the heads of Multilateral Development Banks, high-ranking government officials and senior corporate executives who will discuss concrete initiatives to combat climate change in a partnership between the public and private sectors.
10 March 2007 [11:13]
Azerbaijan Social Protection Fund is negotiating with BP and other oil companies operating in the country on provision of social insurance for foreign employees.
10 March 2007 [11:10]
Some 30,000 hectares of territory were polluted in Absheron Peninsula, Azeri land and Cartography Committee Chairman Garib Mammadov said.
10 March 2007 [11:08]
Azerbaijan Tural Sigorta Insurance Company intends to boost its authorized capital 7.1% to AZN 750,000 by the end of this year.
10 March 2007 [11:06]
No restrictions on gas supply to population were set forth in the Azerbaijan's energy balance for 2007.
10 March 2007 [11:01]
The weighted average exchange price made up 0.8682 AZN/USD at trading sessions on the Baku Interbank Currency Exchange.
10 March 2007 [10:57]
601.42mln cubic meters of gas were delivered to Azerigas against the planned 547.31mln cubic meters in February, 2007.
10 March 2007 [10:56]
Uraltrubmash shows great interest in Azerbaijan's market.
10 March 2007 [10:27]
AzAuto, official importer of Isuzu vehicles in Azerbaijan will present Turkish-made RoyBus and Japanese-made CYZ-51K dump trucks at the fourth Azerbaijan International Automotive Exhibition-AutoShow Azerbaijan-2007.
10 March 2007 [10:19]
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 late March.
09 March 2007 [23:10]
International Finance Corporation and Azerbaijan Investment Company signed a memorandum of understanding on mutual cooperation for corporate governance in Azerbaijan.
09 March 2007 [15:10]
Preliminary trial on case of Huseyn Arabul and 7 Barmek officials will be held in Court of Grave Crimes March 19.
09 March 2007 [14:47]
Georgia will be receiving Shah Deniz Gas via Baku-Tbilisi-Erzurum pipeline as from March 15, Georgia's Energy Minister Nika Gilauri stated.
09 March 2007 [14:17]
Azerbaijan State Oil Company (SOCAR) and Turkish state-owned Petroleum Pipeline Corporation BOTAS are negotiating on delivery of the Caspian Shah Deniz gas to Turkey.
09 March 2007 [12:24]
An agreement on construction of the pipeline alternative to Baku-Tbilisi-Ceyhan will be signed next week.
09 March 2007 [11:44]
India's largest refiner Indian Oil Corp (IOC) has bought at least 1 million barrels of Azeri Light crude via its monthly tender, traders said on Friday.
09 March 2007 [11:30]
Azerbaijan's economy, drunk on oil, is suffering rapid inflation.
08 March 2007 [12:28]
Azerbaijan Economic Development Ministry's Antimonopoly Service will monitor the market in order to prevent artificial price increase on the eve of Novruz Holiday.
08 March 2007 [12:27]
Effective March 1, the targeted social assistance benefits rise AZN 5 for every member of the vulnerable families.
08 March 2007 [12:26]
Up to now, Technikabank has lent 169 mortgage loans worth AZN 4.2m on the scope of the mortgage lending process through funding from the Azerbaijan Mortgage Fund.
08 March 2007 [12:26]
Azerbaijan Industry and Energy Minister Natig Aliyev has met with Hungarian ambassador to Turkey and Azerbaijan Istvan Szabo and discussed prospects for oil and gas cooperation between the two countries.
08 March 2007 [12:25]
Azerbaijan Industry and Energy Minister Natig Aliyev met with Mexican ambassador to Azerbaijan Salvador Campos Icardo and briefed the guest about Azerbaijan's industry and energy sector, project and programs and oil and gas resources.
08 March 2007 [12:05]
The power supply landlines will be replaced by underground cables by this year's end.
08 March 2007 [12:04]
Transport Ministers of TRACECA member states will meet in Astana in September-October.
08 March 2007 [11:54]
Poland is planning to host a Caspian crude oil summit in which the heads of states of Azerbaijan, Georgia, Kazakhstan and Ukraine will discuss the transpoet of crude oil into the European Union zone, German news reports said Wednesday.
08 March 2007 [11:50]
State Oil Company (SOCAR) will hire the State Department's Future Leaders Exchange (FLEX) Program alumni on the scope of the From-Exchange-To-Practice Project.
08 March 2007 [11:19]
Oil supply from countries outside OPEC will grow strongly through 2007 because of significant new production in central Asia, North America and Africa, energy consultants Wood Mackenzie said on Wednesday.
07 March 2007 [22:48]
The materials of the criminal case launched on Barmek Electricity Distribution president and seven more officers were sent to the Court of Grave Crimes, the deputy chairman of the Bar Association Farhad Najafov told.
07 March 2007 [22:14]
Azerbaijan Economic Development Ministry's Antimonopoly Service will monitor the market in order to prevent artificial price increase on the eve of Novruz Holiday.
07 March 2007 [22:02]
Labor and Social Protection Ministry will submit a package of proposals to the Cabinet to better target social assistance benefits to the most vulnerable groups.
07 March 2007 [14:04]
Emergencies Ministry set up a special commission to determine buildings in danger.
07 March 2007 [13:54]
Fertilizer producing plant will be constructed in Sumgayit.
07 March 2007 [13:36]
Emergencies Ministry sent the fifth part of building materials to Balaken, Sheki, Gakh, Oguz, Gebele, Ismayilli and Gusar regions to remove the results of windstorm on the night of February 24-25.
07 March 2007 [12:18]
Baku Electricity Network will cut off supply to all debtor customers at 14:00, March 9.
07 March 2007 [11:33]
The first Caspian trade and transport conference will be carried out in Baku, the capital of Azerbaijan, on April 23-24.
07 March 2007 [09:20]
On March 14-18TUYAP Congress and Exhibition center will host an agriculture fair in Konya, Turkey.
07 March 2007 [09:17]
Azercell Telecom JV has completed all paperwork for privatization of the state's stake in the company.
07 March 2007 [09:15]
Belarus companies intend to participate in reconstruction of Azerbaijan's Mingechevir Hydroelectric Power Plant, said the ambassador to Azerbaijan Nikolay Patskevich.
07 March 2007 [08:46]
Heads of Azerbaijani, Kazakh and Russian Accounting Chambers will meet in Aktau on March 12.
07 March 2007 [08:39]
Azerbaijan's AtaLeasing increased investments in February by 1.43% to AZN 355,000.
07 March 2007 [08:20]
In February, the exchange rate of Azeri manat against the US dollar rose 0.15% to 0.8688 AZN/USD from AZN 0.8701 AZN/USD1.
07 March 2007 [08:20]
Azerbaijan's Pasha Sigorta Insurance intends to raise its authorized capital 50% to AZN 1.5m during the first half of the year.
07 March 2007 [08:18]
The design engineering for Baku Ring Road Project has been complete and the road will be 60km, longer then planned because of buildings on the project road.
07 March 2007 [08:16]
The 6th meeting of the TRACECA Intergovernmental Commission scheduled for May has been postponed.
07 March 2007 [08:13]
The second part of the commercial demonstrating tourism potentials of Azerbaijan has started to be broadcasted on CNN channel.
07 March 2007 [08:01]
The subscriber base of Azeri mobile operator Azercell Telecom rose 33% in 2006 to 2.33 million users as of late 2006, company CEO Halim Ates said at a news conference Tuesday.
06 March 2007 [22:50]
State-owned Chemicals maker, Azerkimiya, shut down indefinitely because of the energy prices hike in the country.
06 March 2007 [22:18]
Pipelay and construction work in the Turkish part of the Baku-Tbilisi-Erzurum has been complete.
06 March 2007 [17:50]
Today, Azerbaijan's Parliament ratified the production sharing agreement (PSA) between State Oil Company of Azerbaijan SOCAR (75%) and Russian oil firm RussNeft (25%) to develop two oil fields of Azerbaijan - Hovsan and Zykh onshore oilfields in Azerbaijan.
06 March 2007 [17:44]
President Nursultan Nazarbayev said Tuesday that energy-rich Kazakhstan is considering building an oil refinery in Georgia's Black Sea port of Batumi, the official news agency Kazinform reported.
06 March 2007 [17:19]
Industry and Energy Minister Natig Aliyev has Tuesday met with Argentina's Ambassador to Azerbaijan Sebastian Lukas Brugo Marko.
06 March 2007 [16:52]
Confidence Energy Ltd. from the UK and the Azerbaijan State Oil Academy will conduct the first Caspian Oil Trade & Transport Conference in Baku on Apr. 23-24. It will consider the fuel and energy transportation and international cooperation on the Caspian Sea.
06 March 2007 [15:42]
South Korean Transport Ministry had a meeting at the Azerbaijan State Railway Company (ADDY) in Baku to discuss prospects of the project on establishment of fast train system in Azerbaijan.
06 March 2007 [14:39]
In April Moscow will host the meeting of the Russian-Azerbaijan Intergovernmental Commission for Economic Cooperation.
06 March 2007 [14:37]
Azerbaijani parliament members Panah Huseyn and Igbal Agazadeh raised issue on reducing the fees of energy carriers, especially electricity bill.
06 March 2007 [09:30]
Georgia may not receive 800 million cubic meters of gas from Turkey's portion of the Shah Daniz pipeline, a Georgian newspaper said.
06 March 2007 [09:15]
March 6-8, ITE Group PLC (Great Britain) and its exclusive partner in Caucasus – ITECA Caspian LLC will hold the first Azerbaijan International Fashion and Accessories Exhibition.
06 March 2007 [09:05]
Moscow hosted the second meeting o the Working Group developing proposals to improve mutual coordination of CIS antimonopoly top bodies.
06 March 2007 [09:00]
Appeals Court again postponed the legal procedure on the appeals of two officers of Barmek-Azerbaijan Electricity Distribution, the court told.
06 March 2007 [08:45]
"I wouldn't like to relate Nagorno Karabakh conflict with Baku -Tbilisi-Akhalkalaki-Kars railway project," EU Special Representative for the South Caucasus Peter Semneby told.
06 March 2007 [08:23]
A railroad deal will soon link the ex-Soviet outpost to European markets.
06 March 2007 [08:10]
The 3rd phrase of ethical and legal framework training for investors and issuers held by Baku Stock Exchange and Transparency Azerbaijan is over.
06 March 2007 [08:05]
In February, according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) Standard Capital headed the ranking of brokers with brokerage services in the total amount of AZN 41,885,622.26 provided to six clients.
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