Business
17 February 2007 [08:15]
International symposium on the theme "Management of projects: Government. Society. Business" is being held in Nizhny Novgorod, Russia.
17 February 2007 [07:40]
As of January 1, 2007, total net investment of Azerbaijan leasing companies amounted to AZN 61.9mln and leasing operations reached AZN 90mln, an IFC annual report said.
17 February 2007 [07:30]
State bodies prepared a number of projects corresponding to the Plan of Measures for improving ecological situation in Azerbaijan in 2006-2010, signed by Azerbaijan's President last year.
16 February 2007 [20:28]
International Monetary Fund mission, came to Azerbaijan on February 14, are holding meetings with relevant bodies in Azerbaijan.
16 February 2007 [20:26]
A number of agreements have been reached during Germany-Azerbaijan Business Forum held in Berlin by Azerbaijani embassy, Economci Development Ministry and Azpromo.
16 February 2007 [20:21]
Richard L. Morningstar, a lecturer at Stanford Law School, analyses the potential of the Caspian Region to lessen Europe's over-dependence on Russian gas, particularly considering the potential of gas-rich nations such as Kazakhstan.
16 February 2007 [20:19]
Georgia will receive 1,3 million cubic meters of Azerbaijani gas per day until April 1 at USD 120 per 1000 cubic meters, instead of 1 million cubic meters as agreed previously, the state-run Georgian Oil and Gas Corporation (GOGC) said on February 16.
16 February 2007 [17:32]
Statoil is marketing the first oil to be exported by very large crude carrier (VLCC) from the Turkish port of Ceyhan. Oil from the Caspian Sea is transported through the Baku-Tbilisi-Ceyhan (BTC) pipeline, in which the group holds an interest.
16 February 2007 [17:30]
Influential Georgian business mogul Badri Patarkatsishvili sold his Kulevi oil terminal to Azeri investors "in order to restore the correct balance between our relations with Azerbaijan and Kazakhstan," the businessman said during an interview with Imedi TV, which he owns.
16 February 2007 [17:04]
IFC, the private sector arm of the World Bank Group, Friday signed agreements to provide financing to the ADA Group, which operates Almali, the first local food retail chain in Azerbaijan.
16 February 2007 [15:40]
National Bank of Azerbaijan and State Oil Fund (SOFAZ) foresee the country will earn between $200mln and 250mln from effective management of assets for 2007.
16 February 2007 [14:34]
Despite bank sector is a dynamically developing business in Azerbaijan, high-tech process, especially Internet banking, e-commerce etc. is limping.
16 February 2007 [14:32]
Despite reduced supply and a fall in tonnage, demand for gold in 2006 reached a record US$65.3bn, the World Gold Council (WGC) said on Thursday.
16 February 2007 [09:45]
Azerbaijan Export and Investment Promotion Foundation (AZPROMO) will prepare trailer on country's economy and investment milieu.
16 February 2007 [09:35]
The weighted average exchange prices made up 0.8694 AZN for 1 US dollar in the Baku Interbank Currency Exchange on February 15.
16 February 2007 [09:25]
Alan Bryden, Secretary-General of International Organization for Standardization (ISO) will be visiting Azerbaijan on March 1-2 at the invitation of Azerbaijan State Agency for Standardization, Metrology and Patents.
16 February 2007 [08:50]
Industrial production grew 52.4%, in January, to AZN 14.95bn in Azerbaijan.
16 February 2007 [08:45]
Within the scope of the 2005-2008 State Program for Information and Communications Technologies, telecommunications networks will be expanded and subscribers will more than double, said Communications and Information technologies Minister Ali Abbasov.
16 February 2007 [08:40]
Under a presidential decree, international telephone operators will be licensed in Azerbaijan, Communications and Information Technologies Minister Ali Abbasov said.
16 February 2007 [08:35]
Azerbaijan Microfinance Bank's current loan portfolio has beaten $50mln, said General Manager Andrew Pospilovski.
16 February 2007 [08:30]
The proposals to limit excessive home telephone use have been submitted to the Tariff Council.
16 February 2007 [07:35]
Azerbaijan's President Ilham Aliyev sent a letter of congratulations to Azerbaijan National Bank on its 15th anniversary.
16 February 2007 [07:30]
Azerbaijan-Iran Insurance Company Azer-Asia intends to increase its authorized capital 43.8% to AZN 1mln this year.
16 February 2007 [07:25]
The European Bank for Reconstruction and Development is supporting the expansion of Azerbaijan's Nikoil Bank with a $2 million loan and up to $1 million under the EBRD Trade Facilitation Programme (TFP).
16 February 2007 [01:53]
20 big enterprises in Sumgait have been included into the State Program for Industrial Development in Azerbaijan being worked out by the Industry and Energy Ministry.
15 February 2007 [22:48]
Jordan and Azerbaijan on Thursday discussed ways of increasing cooperation in the oil and natural gas in addition to the mining devices.
15 February 2007 [18:51]
Bakielectricshebeke, Baku Electricity Network Company, began to cut off electricity supply to debtors from 1500 hrs, February 15.
15 February 2007 [17:47]
Azerbaijan's national aircarrier AZAL will stop using Russian-made Tupolev aircrafts by 2008.
15 February 2007 [17:43]
A workshop has been organized for Azeri insurance and brokerage company personnel in Baku by Malakut Insurance (Azerbaijan), Malakut Russia and Kapital (Russia).
15 February 2007 [17:07]
The proposals to limit excessive home telephone use have been submitted to the Tariff Council.
15 February 2007 [16:52]
Communications and Information technologies Minister met with Caspian Integration Business Club members.
15 February 2007 [16:03]
U.S. Energy Secretary Samuel Bodman said Wednesday he will discourage any plans to form an overseas natural gas cartel, saying open, not limited, markets are key to meeting future energy demand.
15 February 2007 [16:00]
The Economic Research Center (ERC) delivered a presentation of the Alternative Inflation Methodology Development Project funded by the U.S. Agency for International Development (USAID) at the International Press Center, February 15.
15 February 2007 [15:58]
"Technical and economic assessment has been implemented on the creation of free economic zone and industrial area in Sumgait, while no serious activities are ongoing on the issue," Sumgait Executive Committee Chairman Vagif Aliyev said.
15 February 2007 [13:33]
Azerbaijan's gross domestic product grew 46.7% in January, year-on-year, or by 524 million manat (over $681 million), to 1.6 billion manat (about $2.1 billion), the statistics committee of the energy-rich South Caucasus nation said Thursday.
15 February 2007 [13:31]
Azerbaijan-focused gold and copper company Anglo Asian Mining PLC said it received a very positive outcome from the scoping study it completed on the Gedabek gold-copper-silver property.
15 February 2007 [13:06]
A US government lending agency has been told by its own internal accountability watchdog that it must monitor more closely the safety of BP's vital pipeline in central Asia, amid allegations that the company failed to report immediately cracks and leaks in its coating.
15 February 2007 [10:00]
Azerbaijan believes it can boost natural gas production within the coming five years to a point where it could be exporting 20 billion cubic metres by 2012, a U.S. official said on Wednesday after a visit to the region.
15 February 2007 [09:55]
On January 24, Microfinance Bank of Azerbaijan has opened a new branch in the center of Baku, at 15, Rasul Rza Street.
15 February 2007 [09:50]
On February 21-24, Azerbaijan will be represented by Azerinvest LLC in International Competition of Winemaking Industries to be held in Moldova.
15 February 2007 [09:15]
According to the information for January of this year, the amount of Georgia's state debt has not changed; this debt amounts to $14, 527m.
15 February 2007 [08:50]
The weighted average exchange price made up 0.8697 AZN/USD at trading sessions on the Baku Interbank Currency Exchange on Wednesday.
15 February 2007 [08:45]
In late February, a presentation will be delivered on Phase 2 of the project for establishment of oil-chemical enterprise by LY Investment Consulting Company.
15 February 2007 [08:40]
The Heydar Aliyev Baku Deepwater Jackets Factory has resumed producing welding electrodes after a five-year interruption.
15 February 2007 [08:35]
The number of people employed by communications sector rose 8.6% to 21,200 and average monthly salary climbed 21.3% to AZN 219.5 during 2006.
15 February 2007 [08:30]
"Measures plan has been worked out to prevent illegal broadcasting of cable televisions," National Television and Radio Council (NTRC) chief Nushirevan Meherremli said.
15 February 2007 [08:15]
Azerfarm LLC will export medications to Uzbekistan.
15 February 2007 [08:10]
Legal procedure on the appeals of six officials of Barmek-Azerbaijan Electricity Distribution LLC, presided over by Resul Seferov was held in Appeal Court.
15 February 2007 [08:00]
The Economic Research Center will make a presentation of the Alternative Inflation Methodology Development Project funded by the U.S. Agency for International Development (USAID) at the International Press Center, 1 F. Amirov Street, Baku on Thursday, February 15.
15 February 2007 [07:55]
"In 2006 the project spent $269mln in capital expenditure versus the target of $160mln, and in 2006 we are planning to spend $41mln in capital expenditure on South Caucasus Pipeline activities," BP-Azerbaijan President Bill Schrader told at the 2006 results media briefing.
15 February 2007 [07:50]
Elman Rustamov, Chairman of National Bank of Azerbaijan, has today received an Italian delegation led by Milos Budin, undersecretary of Ministry of International Commerce.
15 February 2007 [07:45]
Negotiation with Russian and Ukrainian companies on reconstruction of Sumgait Superphosphate Plant is ongoing.
14 February 2007 [17:41]
BP may begin drilling a second exploratory well at the Inam block in the Caspian Sea in the third quarter of this year, Bill Schrader, the head of BP in Azerbaijan, told reporters on Wednesday.
14 February 2007 [16:53]
Baku will host the next meeting of Azerbaijan-Latvia intergovernmental commission from March 1 to 3.
14 February 2007 [15:56]
National Bank of Azerbaijan will organize a number of events this week on its 15th anniversary.
14 February 2007 [15:54]
"During last year Baku-Tbilisi-Ceyhan spent $920 million [including the costs of line-fill and financing] in capital expenditure and our forecast is that the pipeline total capital expenditure will amount to $138mln for this year," BP-Azerbaijan President Bill Schrader told at the 2006 results media briefing.
14 February 2007 [15:49]
Moscow mayor Yuri Lujkov issued an executive order on closure of Cherkizovo market, one of the biggest markets in Moscow.
14 February 2007 [14:01]
Azerbaijan Investment Company is considering a number of projects on establishment of agricultural enterprises.
14 February 2007 [13:51]
The new Swiss technical assistance project on "Public Expenditure and Financial Accountability Assessment" (PEFA) requested by the Ministry of Finance was approved by the Swiss State Secretariat for Economic Affairs (SECO) in January 2007.
14 February 2007 [13:22]
The weighted average exchange prices made up 0.8698 AZN for 1 US dollar in the Baku Interbank Currency Exchange on February 13.
14 February 2007 [11:48]
Azerigaz has started sending gas to Georgia. The gas supply from the Shah Deniz field will resume this February, the company reported Tuesday.
14 February 2007 [09:20]
Russia will spend at least $11 billion to build the first leg of its oil pipeline to Asia, up from initial estimates of $6.6 billion, pipeline monopoly Transneft said in its Euro-bond prospectus.
14 February 2007 [09:05]
The Black Sea Trade and Development Bank (BSTDB) has passed 2007-10 country strategy for Azerbaijan.
14 February 2007 [09:00]
14 February 2007 [08:25]
Azerbaijan International Fashion and Accessories Exhibition will be held in Azerbaijan for the first time on March 6-8.
14 February 2007 [08:20]
Government of Azerbaijan are making great progress in implementation of State Program for Social and Economic Development of Regions, World Bank Country Manager for Azerbaijan, Gregory Jedrzejczak, said at a conference dedicated to the third anniversary of the State Program.
14 February 2007 [07:50]
International Monetary Fund mission will be visiting Azerbaijan on February 14-28.
14 February 2007 [07:45]
Asian Development Bank mission for transport will visit Azerbaijan in February 22.
14 February 2007 [07:40]
Azerbaijan's Kapital Bank has developed an in-country money transfer system called Khazri.
14 February 2007 [07:35]
Azerbaijan Agriculture Ministry has suggested selling fuel, lubricants and fertilizers to farmers at 50% discount in order to mitigate the impact of energy price rise on agricultural production.
13 February 2007 [20:17]
"During 2006 Azeri-Chirag-Guneshli spent $234mln in operating expenditure against the target of $227mln and $2,477mln of the planned $2,552mln capital expenditure for the year," BP-Azerbaijan President Bill Schrader stated at the 2006 results media briefing.
13 February 2007 [19:56]
Shah Deniz Field, the giant one in the Azerbaijani sector of the Caspian, will return on stream in March, BP-Azerbaijan President Bill Schrader said at the press conference.
13 February 2007 [19:54]
Azerbaijani Communications and Information Technologies Ministry will have developed a package of proposals by this year's end for orbiting a satellite by 2010.
13 February 2007 [19:52]
International Bank of Azerbaijan (IBAR) intends to open its office in Dubai.
13 February 2007 [19:50]
The State Program for Social and Economic Development of Regions is mostly related to improvement of the legal framework in Azerbaijan, Economic Development Minister Heydar Babayev told a conference dedicated to the third anniversary of the State Program.
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