Business
23 November 2006 [11:07]
Secured Transactions Bill on Azerbaijan SME Support through Financial Sector Development Project, being implemented by the USAID and ACDI/VOCA, will be presented on Thursday.
23 November 2006 [11:05]
The total incomes of the International bank of Azerbaijan (IBA) reached AZN 120.6m during past nine months.
23 November 2006 [10:56]
23 November 2006 [10:53]
A delegation led by Belarusian Deputy Minister of Industry Valentin Gurinovich has visited Azerbaijan.
23 November 2006 [10:51]
AtaBank's financial indicators doubled during the period of January-October.
22 November 2006 [22:46]
Russia has reportedly told Azerbaijan it may cut electricity by 80 percent next year because of a shortage of electricity at home.
22 November 2006 [22:45]
Iran and Azerbaijan Republic are to hold a seminar on the ways to boost economic and trade cooperation between the two countries.
22 November 2006 [22:32]
From the minute you arrive in Baku, you can smell the oil. In a glass jar it looks nothing like the black viscous substance one would expect, but more like petrol. Experts praise Azerbaijani oil as among the best in the world.
22 November 2006 [22:22]
Gazprom [RTS: GAZP], Russia's energy giant, said Wednesday it intended to reduce natural gas exports to Azerbaijan in 2007 by 66.7%, to 1.5 billion cubic meters, against 4.5 billion cubic meters in 2006.
22 November 2006 [22:19]
The weighted average exchange prices made up 0,8715 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 22.
22 November 2006 [22:16]
Leading Russian TV channels have issued a joint statement over copyright violations by Azerbaijan.
22 November 2006 [15:15]
Azerbaijani state-owned oil company SOCAR has organized a $175 million loan from ABN Amro (ABN) and Societe Generale SA (13080.FR), the company said Wednesday.
22 November 2006 [14:16]
28th fall plenary session of Black Sea Economic Cooperation Organization has begun in Baku today.
22 November 2006 [13:44]
The International Bank of Azerbaijan (IBA) said it is going to open its branch in Georgia.
22 November 2006 [11:52]
Ways to raise the effectiveness of the activities of the Black Sea Economic Cooperation Organization (BSEC) will be discussed at the 28th plenary session of the Parliamentary Assembly of the BSECO, opening in Baku on Wednesday, with parliamentary delegations from 11 countries of the region participating.
22 November 2006 [11:51]
UniBank CB issues foreign exchange corporate bonds for the first time ever; the bonds with the registration number AZ200400202 will be on offer at the Baku Stock Exchange on 21 November 2006.
22 November 2006 [11:47]
Problems with the delivery of Shah Deniz gas to Turkey is related to BOTASH constructing Turkish part of the pipelines, SOCAR President Rovnag Abdullayev said.
22 November 2006 [11:24]
Taxes Ministry Operational Control Department have to date examined 147 652 various kinds of trade facilities and found serious irregularities in 34 632 of them.
22 November 2006 [11:23]
Azerbaijani delegation led by Deputy Premier Yagub Eyyubov will attend Istanbul Economic Forum between Nov 22 and 25.
22 November 2006 [11:21]
SOCAR plans to improve the oil-polluted territories in Absheron peninsula within a few years, Company President Rovnag Abdullayev said.
21 November 2006 [21:19]
The loan agreement between the Azerdemiryolbank and the European Bank for Reconstruction and Development is on the verge of the being finalized. EBRD intends to set aside $6 million for 5-7 years.
21 November 2006 [21:18]
The weighted average exchange prices made up 0.8718 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 21.
21 November 2006 [21:06]
"Georgia will not support Russia's accession to the World Trade Organization," said newly appointed economic development minister of Georgia Giorgi Arveladze.
21 November 2006 [20:55]
The President of Azerbaijan, Ilham Aliyev, along with a high profile trade delegation from his country, visited the Jebel Ali Free Zone today, and was received by the Chairman of Dubai World, Sultan Ahmed Bin Sulayem.
21 November 2006 [20:28]
Microsoft Azerbaijan has today held a roundtable on the Community Glossary project for Windows Vista language and 2007 Microsoft Office in Azerbaijani Language.
21 November 2006 [20:27]
"New standards in gasoline selling, conformation its ingredients to European standards can cause Georgia to stop importing gasoline from Azerbaijan," said Vano Mtvralashvili, head of the Union of Oil Products Enterprisers, Importers and Consumers.
21 November 2006 [20:25]
The handover test of Barmek is complete. Staff handover will take place on Nov.25, and final agreement on handover will be signed.
21 November 2006 [19:58]
Azerbaijan Airlines has removed Ukrainian-made AN-140-100 aircrafts from the flights.
21 November 2006 [15:34]
President of Azerbaijan Republic Ilham Aliyev attended November 20 the Azerbaijan-United Arab Emirates Business Forum held at the Chamber of Commerce in Abu Dhabi.
21 November 2006 [15:32]
Russia intends to reduce the volume gas imports to Azerbaijan by 3 billion cubic meters in 2007, SOCAR President Rovnag Abdullayev said.
21 November 2006 [15:31]
"The liquid gas prices can be increased in the domestic market," SOCAR President Rovnag Abdullayev told reporters.
21 November 2006 [12:34]
Energy Minister Hilmi Guler said that the Shahdeniz Project which allows economical gas purchases from Azerbaijan and offers the opportunity to sell natural gas to Greece and Italy is maintained successfully. Minister Guler said "Russia is not blocking gas purchases."
21 November 2006 [12:17]
The UAE and the Republic of Azerbaijan signed 11 agreements in the capital yesterday, pertaining to cooperation in the fields of economy, legal, military, health, education and sports.
21 November 2006 [11:41]
During October Taxes Ministry delivered AZN 621 434.6to the State Budget. This figure is implementation of the forecast by 141.1 percent.
21 November 2006 [11:39]
Bank Respublika has reduced the interest rate for mortgages to 7%.
21 November 2006 [11:35]
International tourism shows will be organized in Austria, Jan-11 and Jan-14, 2007.
21 November 2006 [11:28]
Shamkir Energy Supply Department, which covers regions of Shamkir, Tovuz, Gazakh and Gadabey, has to date installed over 84 000 electric meters.
21 November 2006 [11:27]
The interest-bearing book-entry bonds of Technikabank OJSC will be placed at the Baku Stock Exchange from Nov.22.
21 November 2006 [00:01]
Pakistan-Azerbaijan Joint Ministerial Commission (JMC) sceduled to be held next month will focus on Information Technology, Oil & Gas sectors and Privatisation & Investment.
20 November 2006 [23:57]
President of Azerbaijan Ilham Aliyev met November 20 with Sheikha Lubna Khalid Sultan al Qasimi, Minister for Economy and Planning of the United Arab Emirates at the Gasrul al-Emirate Hotel in Abu Dhabi.
20 November 2006 [21:38]
The weighted average exchange prices made up 0.8725 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 20.
20 November 2006 [21:35]
By request of the Ministry of Education, the electronic equipment manufacturer KUR produces equipments for computerization of schools, the Ministry of Communication and Information Technologies said.
20 November 2006 [21:33]
The 28th Plenary Session of the Parliamentary Assembly of the Organization of Black Sea Economic Cooperation (PABSEC) will be held from 21 to 23 November in the Azerbaijani capital of Baku, according to the press-service of Milli Majlis.
20 November 2006 [21:27]
President Ilham Aliyev of Azerbaijan on November 20 met with Seyyid Ahmed Gobash, head of the "Consolidated Energy Resources LLC" and "Ghobash Trading and Investments Group" Companies, ex-minister of UAE economy, ex-chairman of the Arab Monetary Fund.
20 November 2006 [21:22]
RV Investment plans to organize an expedition to the gold deposits in the Azerbaijani territories occupied by Armenia.
20 November 2006 [21:11]
Oil production in Azerbaijan grew 47% to over 26 million tonnes in January-October 2006.
20 November 2006 [15:18]
The Asian Development Bank (ADB) will allocate 100 million credits for reconstruction of roads in Azerbaijan.
20 November 2006 [14:49]
Oil refineries of Azerbaijan increased their output of oil products by 4% in January-October 2006 against the production for 10 months of the previous year.
20 November 2006 [14:43]
"If the negotiations with Russia on electrical energy imports remain fruitless, Azerbaijan will alternatively consider the plan to import electricity from Iran," said Azerenergy Vice-President Marlen Asgarov.
20 November 2006 [12:35]
Between 20 and 30 percent of the new buildings will be included in the housing stock (resources) in Ganja, Ganja Executive Power Eldar Azizov said.
20 November 2006 [12:01]
The Sahdeniz Project, which makes it possible to purchase cheap natural gas at $120 a cubic meter from Azerbaijan, has been hindered by Russia.
20 November 2006 [11:59]
Traders are discussing the future of oil prices after crude oil dropped to $55.26 per barrel, the lowest level in 17 months.
20 November 2006 [11:14]
Azerbaijan's Azer Energy Co announced that in October this year, the nation imported over 75,8 mln kilowatts of electricity from Iran, MNA reported.
19 November 2006 [14:52]
Iran is scheduled to found a trade center in its northern neighbor, the Republic of Armenia, an official from the country's Trade Development Organization said.
19 November 2006 [12:53]
National non-governmental organizations have completed the second stage of the audit of the Baku-Tbilisi-Ceyhan oil and South Caucasus gas pipelines, according to BP-Azerbaijan.
18 November 2006 [17:58]
Kazakstan President Nursultan Nazarbayev summed up the get-together between presidents of Turkic-speaking countries quite nicely: "We were living together and speaking the same language 14 centuries ago. Then taking different names, Oguz, Kipcak and Karluk, we scattered around the world."
18 November 2006 [13:40]
The 3rd Georgian International Food Industry Exhibition opened November 16 in the capital Tbilisi. The exhibition gathered 29 local and foreign companies.
18 November 2006 [13:37]
Azerbaijani President Ilham Aliyev who made remarks at the eighth Summit of the Heads of Turkish-speaking States in Antalya, Turkey, said the internationally important Kars-Akhalkalaki-Tbilisi-Baku railway project will be implemented despite all artificial obstacles.
17 November 2006 [19:32]
Organization of regular cargo transportation by the route Almaty-Mashhad-Istanbul will allow to revive ancient the Great Silk Way, Kazakh President Nursultan Nazarbayev has stated at the 8th summit of Turkic speaking countries' leaders in Antalya today.
17 November 2006 [19:20]
LUKoil [RTS: LKOH], Russia's largest oil company, plans to invest $27 billion by 2017 in hydrocarbon production and new acquisitions abroad, the company's overseas arm said Thursday.
17 November 2006 [19:06]
The United Arab Emirates–Azerbaijan business forum will be held in Abu-Dhabi November 20, press service of the Azerbaijan Export and Investment Promotion Foundation said.
17 November 2006 [18:54]
Baku Heating Center and Shimal Thermal Power Plant have been shut down for repair in the morning.
17 November 2006 [14:43]
The maximum rate for mortgage loans reduced to 8 percent on decree by National Bank.
17 November 2006 [14:38]
The European Bank of Reconstruction and Development (EBRD) is expanding its support for rural areas of Azerbaijan with two loans to commercial bank Rabitabank and local microfinance institution FINCA Azerbaijan which will benefit micro, small and medium size enterprises.
17 November 2006 [14:36]
The Japanese Bank for International Cooperation (JBIC) is working on the project giving a credit to Azerbaijan for construction of the second 400 Megawatt gas combined-cycle at the 'Shimal' power plant, press service of Azerbaijan's major electricity company Azerenerji said.
17 November 2006 [14:34]
Azerbaijan's Finance Minister Samir Sharifov met with visiting Chairman of Saudi Arabia's General Organization for Social Insurance Suliman Al-Humaid and his accompanying delegation.
17 November 2006 [11:46]
Bank Nikoil has launched a New Year Deposit campaign.
17 November 2006 [11:44]
Investment of USD 3.5bn has been made in the economy of Azerbaijan during the period of January-September.
17 November 2006 [11:44]
During the period of January-September the incomes of Azerbaijani population brew by 21.9%, year-over-year, to AZN 8.3bn at face value.
17 November 2006 [11:43]
GDP grew by 34.3% year on year, in the ten months of 2006, to AZN 14.8bn.
17 November 2006 [11:41]
Bank of Baku has decided to issue new MasterCard called Dynamic and Dynamic +.
17 November 2006 [11:40]
As of November 1, the assets of Respublika Joint-Stock Commercial Bank rose 61.5 percent during January-September to AZN 94.1235m.
17 November 2006 [11:39]
Between 2% and 3% of the 7.7% inflation rate in Azerbaijan resulted from the strengthening of AZN, said the Cabinet finance and credit department chief Ogtay Hagverdiyev.
17 November 2006 [11:38]
Taxes Ministry Operational Control Department have to date examined 145 324 various kinds of trade facilities and found serious irregularities in 34 0735 of them.
17 November 2006 [11:37]
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