Business
08 December 2006 [11:23]
Azerbaijan will allot USD 150 for the construction of the segment of Kars-Akhalkalaki-Tbilisi-Baku railway that passes through Georgia, announced Musa Panakhov, representative of the Azeri Ministry of Transport.
08 December 2006 [10:40]
The determination of ANS TV and ANS ChM's activity damages the company by $ 500 000.
08 December 2006 [01:51]
Energy Ministers from Azerbaijan, Georgia and Turkey will launch two-day talks in Tbilisi on December 8 to negotiate distribution of gas from Shah-Deniz field.
08 December 2006 [01:34]
The weighted average exchange prices made up 0.8723 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 7.
08 December 2006 [01:27]
Azerbaijan's largest mobile operator Azercell’ has signed GPRS/MMS roaming agreement with Portuguese TMN.
08 December 2006 [01:26]
One of the largest private banks in Azerbaijan, Azerdemiryolbank, said it already spent $2.3m of the European Bank of Reconstruction and Development's credit lines totaling $3m.
07 December 2006 [17:32]
Gazprom confirmed that it maintains the reduced price for gas for Armenia.
07 December 2006 [16:41]
Azerbaijani Government can return the Soviet-period bank saving by bonds, State Committee for Securities proposed the Government.
07 December 2006 [16:18]
The results of an extensive survey, commissioned by AzPromo and conducted by Procon GfK, based on interviews with 100 investors during October and November has been released on Thursday.
07 December 2006 [16:10]
Ukraine can start to transit Caspian and Azerbaijan oil to Europe in 2010, inasmuch as the European Union intends to reduce dependence on deliveries of energy resources from Russia.
07 December 2006 [16:00]
A conference examining the future of Azerbaijan's equity market was attended by Azerbaijani Economic Development Minister Heydar Babayev, State Committee for Securities chairman Gunduz Mammadov, Azerbaijan Investment Company Deputy Executive Director Riad Gasimov, Head of EBRD Baku Office, Raymond Convey, British and Russian consulting and investment companies' representatives.
07 December 2006 [15:58]
Edison SpA CEO Umberto Quadrino said in an interview with Corriere della Sera that he expects to sign a supply contract for Azerbaijan gas by the end of 2007.
07 December 2006 [13:41]
Fuel consumption for electricity generation was 360.6 gram/1kilowatt/h against 363.75 in the thermal power plants in Azerbaijan during November.
07 December 2006 [13:39]
SOCAR announced that it has completed acquisition of the 50-percent participating interest in EUPEC PipeCoastings Azerbaijan from German EUPEC PipeCoatings GmbH.
07 December 2006 [13:37]
Taxes Ministry Operational Control Department have to date examined 155 361 various kinds of trade facilities and found serious irregularities in 36 517 of them.
07 December 2006 [10:30]
During the period of January-October State Oil Company of Azerbaijan (SOCAR) sold 771,600 metric tons of fuel oil to Petrofarm Company of Singapore. This figure is twice as much as last year.
07 December 2006 [10:19]
Only 40 per cent of air pollution is purified in Azerbaijan as gas dust purification equipments are not enough, Ministry of Ecology and Natural Resources information agency told.
06 December 2006 [20:46]
The weighted average exchange prices made up 0,8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 6.
06 December 2006 [17:22]
Azerfon LLC, the third GSM operator in Azerbaijan, will start up in the first quarter of next year, Communications and Information technologies Minister Ali Abbasov said.
06 December 2006 [16:10]
They protested against the closure of Inam Shopping Centery.
06 December 2006 [15:47]
Azerbaijan State Customs Committee will buy new special boats to strengthen customs control in the Caspian, Committee chairman Aydin Aliyev said.
06 December 2006 [15:44]
Azerbaijan's Deputy Minister of Industry and Energy, Gulmammad Javadov, met with delegation of French businessmen led by Christian Mons, Chairman of the Commission for Caucasus and Central Asia of the French Confederation of Business Enterprises (MEDEF).
06 December 2006 [15:41]
President of Azerbaijan Ilham Aliyev received Ishag Alaton, the President of the Turkey's Alarko company.
06 December 2006 [15:37]
A delegation led by SOCAR President Rovnag Abdullayev has visited Turkey.
06 December 2006 [13:33]
Turkey and Israel are set to discuss multiple pipeline projects that will transport energy resources such as natural gas, oil and electricity as well as water.
06 December 2006 [13:21]
Today Baku hosts Azerbaijan-France business forum.
06 December 2006 [10:35]
According to the Memorandum of Understanding signed between the Asian Development Bank and the Azerbaijan in the framework of the project "Technical assistance for potential strengthening of economic development of Azerbaijan," an international training on Macroeconomic regulation during Oil Boom has started in the Center of Economic Reforms.
06 December 2006 [10:34]
On December 15 a delegation of Korean Daewoo company will pay a business visit to Azerbaijan.
06 December 2006 [10:33]
Bank Standard JC has started to lend mortgage loans in regions of Azerbaijan. The Bank's branches in Ganja and Lenkeran lent the first mortgage loans.
06 December 2006 [10:10]
Softline has become official distributor of Kaspersky Lab in Azerbaijan.
06 December 2006 [10:09]
Azerbaijan and Georgia will soon set electricity exchange schedule.
06 December 2006 [10:08]
During November some 2bn kilowatts of electricity were produced in Azerbaijan.
06 December 2006 [10:05]
SOCAR President Rovnag Abdullayev received a delegation led by J. Ray McDermott President Robert A. Deason.
06 December 2006 [10:03]
Facilities in Inam trade centre will be removed to a new trade centre in Yeni Ganja.
06 December 2006 [09:59]
Microsoft Azerbaijan held a roundtable on the Community Glossary project for Windows Vista language and 2007 Microsoft Office in Azerbaijani Language.
05 December 2006 [21:15]
Etibar Pirverdiyev, President of the Azerenergy electricity company in Azerbaijan, says that Azerbaijan is in talks with the Islamic Development Bank (IDB) concerning a loan worth US$95M to finance the reconstruction of the Mingyachaur hydroelectric power plant.
05 December 2006 [21:11]
The weighted average exchange prices made up 0,8723 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 5.
05 December 2006 [21:09]
The delegation of French businessmen led by Christian Monse, Chairman of the Central Asia and Caucasus department of MEDEF, Movement of the French Enterprises, arrived today in Baku, French Embassy to Azerbaijan said.
05 December 2006 [20:42]
Communications and Information Technologies Minister Ali Abbasov interviewed by APA.
05 December 2006 [17:37]
All the facilities in Inam trade centre were closed in the morning in Ganja. The traders were allowed to remove their goods till the evening.
05 December 2006 [15:41]
Russia's Premier Mikhail Fradkov digested an unpleasant surprise at the very start of his visit to Baku, the capital of Azerbaijan. The Azeri counterpart of Fradkov, Artur Rasizade, said that, from Jan. 1, his country can independently meet its gas requirements and won't call on Moscow to cut down the tariff rates for oil deliveries via Baku-Novorossiisk pipeline. In this environment, Russia is forced to soften the negotiating rhetoric.
05 December 2006 [15:22]
Today WAP version of the website of Azerbaijan Taxes Ministry has been opened.
05 December 2006 [14:34]
Gas escaping from a 500-mm gas main pipeline caused a fire in Sulu Tepe (a Baku suburb).
05 December 2006 [10:45]
In late November, Unified Energy Systems, Russia's electricity monopoly, announced that it would cut electricity supplies to Azerbaijan from 300 megawatts to 60 megawatts in 2007.
05 December 2006 [10:40]
In total the deals concluded on all instruments at the Baku Stock Exchange during the period of January-November stood at approx. AZN 1.130bn.
05 December 2006 [10:35]
Against planned AZN 462.54m the State Customs Committee of Azerbaijan transferred taxes and duties of AZN 471.99m to the State Budget during January-November of 2006. The forecast was met by 102.04 percent
05 December 2006 [10:35]
107 deals were registered at 40 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during November. The auctions were attended by 21 banks. In total deals of AZN 147 508 000 were concluded.
05 December 2006 [10:34]
SOCAR imported 364.4m cubic meters of gas from Russia in November for thermal power stations.
05 December 2006 [10:33]
Russia's state-controlled natural gas monopoly on Monday formally proposed more than doubling the price Azerbaijan pays for gas, prompting a cool response from Azerbaijan's prime minister.
05 December 2006 [10:33]
Provision of customers with electric and gas meters delays in Lenkeran.
05 December 2006 [10:33]
In November, according to the calculations by the Analytical Department of the BSE, in the government securities market (excluding repo operations market) Koch Bank Azerbaijan headed the ranking of dealers with dealer operations in the total amount of AZN 18 130 353,70.
05 December 2006 [10:32]
During November Azerbaijani manat (AZN) strengthened against the US dollar by 0.07%- from 0.8722AZN/USD1 to 0.8716AZN/USD1at the Baku Interbank Currency Exchange.
05 December 2006 [10:32]
Standard Insurance increased the total volume of premiums by 2.3 times, year-over-year, in January-September, to AZN 6 514 000.
05 December 2006 [10:28]
As of November 1, the total assets of Atabank grew by 65% in the period of January-October to AZN 51.4m.
05 December 2006 [10:24]
Azerbaijan Rural Investment Project has to date spent $175 475 and 27 projects have been implemented, 24 projects are in assessment, 57 projects are online, 62 projects are in preparation, Project deputy director Gulbaniz Gambarova said.
05 December 2006 [10:23]
Construction of Baku Module Power Station has continued to progress and the plant will be commissioned in January, 2007.
05 December 2006 [10:22]
Barmek-Azerbaijan Electric Network Limited Liability Company (LLC) president Huseyn Arabul will sue Azerbaijan State Television and Radio Programs Closed Joint-Stock Company.
05 December 2006 [10:21]
National Depositary Center registered 12 contracts on maintaining and registration of the stocks of joint stock companies.
05 December 2006 [10:21]
Azercell Telecom continues its work on expanding field of its coverage and to provide high-quality telecommunication services in the country.
04 December 2006 [20:53]
04 December 2006 [20:49]
The weighted average exchange prices made up 0,8723 AZN for 1 US dollar in the Baku Interbank Currency Exchange on December 4.
04 December 2006 [20:31]
Azerbaijan can provide itself with natural gas, Russian Prime Minister Mikhail Fradkov told journalists after a meeting with his Azeri counterpart.
04 December 2006 [20:30]
Negotiations on Russian natural gas supplies to Azerbaijan are underway and will be completed before the end of December, Valery Golubev, the Acting Deputy Chairman of Gazprom's Management Committee, told journalists in Baku on Monday.
04 December 2006 [17:39]
Azerbaijan is interested in the continued operation of the Russia-controlled Baku-Novorossiisk oil pipeline, and will not reduce its own oil transit tariffs, the country's prime minister said Monday.
04 December 2006 [16:33]
The Kars-Akhalkalaki-Tbilisi-Baku railway project is supposed for implementation in spring 2007, Georgian Prime Minister Zurab Noghaideli told reporters.
04 December 2006 [15:44]
Russian Premier visits Azerbaijan.
04 December 2006 [15:04]
On Monday Azerbaijan-Austria business forum was held in Baku by Azerbaijan Economic Development Ministry.
04 December 2006 [12:20]
On the eve of Russian Premier Mikhail Fradkov's visit to Baku, Azerbaijani authorities made it clear they are ready for a long-term conflict with Moscow. Azerbaijan's President Ilham Aliyev ordered to his Cabinet to estimate the possibility of declining oil transit through Russia's territory in response to the growth in prices of Gazprom's gas supplies to Azerbaijan. The attempt to include Baku into the anti-Georgian bloc might be considered as failed.
04 December 2006 [12:15]
Talks with Russian TV companies that blame Azerbaijani B&BTV and other cable televisions for piracy has begun.
03 December 2006 [13:46]
The State Ecological Examination Dept. has evaluated the environmental impact of the Azeri-Chirag-Guneshli (ACG) offshore oilfield development project.
03 December 2006 [13:44]
Azerbaijani banks have issued over 1 million VISA cards.
03 December 2006 [13:42]
SOCAR's President received the Conoco Phillips delegation headed by its Executive Vice-President, William Berry.
03 December 2006 [13:40]
SOCAR has received the Citadel and Baki ships built to the Kaspmornefteflot/BUE Caspian's order. Kaspmornefteflot (Caspian Sea Oil Fleet) is SOCAR's oil fleet.
03 December 2006 [13:39]
The Grave Crimes Court of Azerbaijan will convict six employees of Barmek Azerbaijan (the former manager of the Baku Electricity Grid).
03 December 2006 [13:37]
Two more Azerbaijani banks will probably join VISA International soon.
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