Business
07 November 2006 [15:33]
"Barmek-Azerbaijan and Bakielectricshebeke OJSC signed a hand-over agreement on Monday. Hand-over test of all substations will be concluded and an agreement on accounting will be signed shortly," Barmek President Huseyn Arabul stated.
07 November 2006 [14:21]
Finance Ministry and Foreign Ministry have developed a bill on financial provision of diplomatic servants, Finance Ministry officer Shakir Guliyev said.
07 November 2006 [13:56]
"In Azerbaijan Science spending makes up 0.7% of the GDP. As a result, the science has no influence on economy," Azerbaijan national Academy of Sceice President Mahmud Kerimov said.
07 November 2006 [13:14]
Azerigas CJSC has sued 391 individuals for interfering in the gas meters.
07 November 2006 [13:12]
Communications and Information Technologies Minister Ali Abbasov has visited Turkey to attend the Plenipotentiary Conference of the International Telecommunications Union (ITU), which will take place from Monday, November 6 to Friday, November 24 in Antalya, Turkey.
07 November 2006 [12:27]
Workshop was held in Baku at initiative of the Finance Ministry and Turkish International Cooperation Agency (TICA) Program Coordinator in Baku.
07 November 2006 [12:24]
Taxes Ministry implemented the taxes prediction by 108.8 percent during the period of January-October.
07 November 2006 [12:23]
Fuel consumption for electricity generation was 354.93 gram/1kilowatt/h against 358.84 in the thermal power plants in Azerbaijan during October.
07 November 2006 [12:08]
Collection of electric bills reached 60.3% in October, Azerenergy Energy Supply Officer Hidayat Yariyev stated.
07 November 2006 [11:56]
SOCAR Marketing and Economic Operations Department announced a tender for export of 1 200 barrels of Azeri Light Crude Oil from Ceyhan Port at two stages-half on December 1 and half on Dec. 15.
07 November 2006 [11:40]
Chief of Ali Bayramli Gas Supply Department has been dismissed.
07 November 2006 [11:35]
Taxes Ministry Operational Control Department have to date examined 138 909 various kinds of trade facilities and found serious irregularities in 32 492 of them.
07 November 2006 [11:32]
Some 200 Korean-made big buses are intended to be imported to Azerbaijan for provision of Baku bus demand, Deputy Minister of Transportation Musa Panahov told.
06 November 2006 [23:34]
The weighted average exchange prices made up 0,8727 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November.
06 November 2006 [18:41]
Local farmers do not expect harvest this year.
06 November 2006 [15:07]
The Cement prices have recently began to go down in the retail market in Azerbaijan. The price per bag cement has fallen to AZN 6.4 from AZN 9.
06 November 2006 [13:45]
It depends on the next round of talks to reach any agreement on the prices and volume of Russian gas Azerbaijan is going to import, Industry and Energy Minister Natig Aliyev told.
05 November 2006 [14:35]
Sikorsky Aircraft announced today it has signed an agreement which makes effective a contract with the Ministry of National Defense, Undersecretariat for Defense Industries (SSM) of the Government of Turkey for 17 new S-70B SEAHAWK helicopters. First deliveries are scheduled to begin in 2009. Sikorsky Aircraft is a subsidiary of United Technologies Corp.
05 November 2006 [14:24]
The international investment conference organized by the Ministry of Economic Development and Islamic Development Bank will be held November 8-9 in Baku.
05 November 2006 [14:23]
05 November 2006 [14:20]
According to the State Oil Company, Azerbaijan purchased 33,4 million cubic meters of gas in October for electric stations from Russia, totalling 3 billion 45,9 million cubic meters in January-October.
05 November 2006 [14:11]
According to BP-Azerbaijan, the company has made very good progress on Deepwater Gunashli (Phase 3) since the beginning of this year. The overall Phase 3 project progress is on schedule.
04 November 2006 [22:19]
According to the Economic Development Ministry, the delegation of the Hashemite Kingdom of Jordan led by its Prime Minister Marouf al-Bakhit will pay a visit to Azerbaijan on November 6-8. The delegation includes Jordanian businessman.
04 November 2006 [22:13]
Armenia said Saturday that the price it is paying for Russian gas of US$110 (?86) will stay fixed until the end of 2008, an announcement certain to rile neighboring Georgia which has been told to pay more than double that from next year.
04 November 2006 [15:39]
President of the State Oil Company Rovnag Abdullayev met with executive vice president of the BP company Andrew Inglis, ex-president of the BP-Azerbaijan David Woodward and his successor Bill Schrader, SOCAR’s press service said.
04 November 2006 [13:11]
04 November 2006 [12:57]
Georgia believes gas from Iran and a BP-led project in Azerbaijan could fully replace Russian fuel after Moscow threatened to double prices amid a political row with Tbilisi, a minister said on Friday.
04 November 2006 [12:52]
Bulgaria wants to be linked to a strategic pipeline channeling gas from a massive Caspian Sea gas field in Azerbaijan to Europe via Turkey and Greece, its economy and energy minister said.
04 November 2006 [12:24]
"There is a great rise in the prices," Ziyafat Askerov, Vice-speaker said during the discussions on Draft State Budget.
04 November 2006 [12:12]
11th Ministerial Session of the European and Mediterranian major hazards areement took place in Morocco October 30-31.
04 November 2006 [11:56]
Defense spending of the State Budget of Azerbaijan will be US $1.1bn or AZN 907m in 2007, Azerbaijani Finance Minister Samir Sharifov said during discussion of the Draft State Budget.
04 November 2006 [11:51]
Those having VISA cards of Azerbaijan International Bank will be able to travel by Baku subway without tokens or chip cards.
04 November 2006 [11:49]
Azerdemiryolbank OJSC allowed two mortgages in the amount of AZN 38 100.
04 November 2006 [11:42]
During the period of January-September the regional credit portfolio of Azerdemiryolbank grew by 82% to AZN 16m, which makes 36.4% of the total credit portfolio.
04 November 2006 [11:24]
The weighted average exchange price made up 0.8728 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange.
04 November 2006 [11:07]
Some 1.7bn kilowatts/h of electrical energy was generated in Azerbaijan in October.
04 November 2006 [10:51]
Azerbaijan is able to cover its demand for natural gas in 2007 without even Russian and Iranian gas supplies, First Deputy Premier Yagub Eyyubov stated.
04 November 2006 [10:42]
Draft Law on "the Refund of Soviet-period savings" remains unprepared, Azerbaijani Finance Minister Samir Sharifov said during discussion of Draft State Budget for 2007.
04 November 2006 [10:32]
Polish National Economic Exhibition will be organized in ABU ARENA salon in Baku between November 8 and 10.
04 November 2006 [10:25]
The Parliament will sit for three days next week.
03 November 2006 [17:00]
USDA's Commodity Credit Corporation (CCC) has purchased 28 300 tons of American red wheat to donate to Azerbaijan, Georgia and Armenia.
03 November 2006 [16:56]
Russian oil company RussNeft and the State Oil Company of Azerbaijan (SOCAR) have signed a production-sharing agreement to develop two oil fields in Azerbaijan, a RIA Novosti correspondent reported Friday.
03 November 2006 [16:28]
The 28th Plenary Session of the Parliamentary Assembly of the Black Sea Economic Cooperation organization (PABSEC) will be held in Baku November 21-23, press service of Azerbaijan's Parliament said.
03 November 2006 [16:27]
Standard Bank has opened its new branch in Sumgait city of Azerbaijan.
03 November 2006 [13:08]
Georgian leadership considers Gazprom's more than doubling gas prices not to be a "tragedy".
03 November 2006 [10:31]
The official currency reserve of the National Bank of Azerbaijan has grown $961.71m (66.38%) to US $ 1.6bn.
03 November 2006 [10:30]
Adoption of the Insurance Law may be protracted by spring next year.
03 November 2006 [10:29]
As of November 1, Azersu OJSC installed 134 464 water meters, of which 79 791 were fixed in October.
03 November 2006 [10:20]
The 4th Tehran International Transportation Fair-TITAF 2006 will be held from Dec. 19 - 22, 2006 at the Tehran International Permanent Fairground of Tehran, Iran.
03 November 2006 [10:19]
Azerbaijan, Russian and Iran railway structure heads will come together in Tehran on November 20 to discuss North-South corridor project.
03 November 2006 [10:17]
Azunko Holding LLC has won the tender, for the sale of Moscow Hotel in Baku, announced by State Committee for Management of the Public Property.
03 November 2006 [10:16]
Azerbaijani Transport Minister Ziya Mammadov has visited South Korea.
03 November 2006 [10:10]
The volume of foreign credits attracted to Azerbaijan's economy in January-September made $1 9157m, of which 9.7% of the Gross Domestic Product.
03 November 2006 [10:09]
CATEL Joint Venture has received ISO certificate.
03 November 2006 [10:02]
A great fire broke out at 16.45 in the Oil products supply base in Lenkeran.
02 November 2006 [22:37]
Cellular provider Azerfon with partial foreign capital that was expected to start providing cellular services in Azerbaijan soon will put off its entry to the country.
02 November 2006 [21:08]
Azerbaijani government intends to raise taxes for industrial, commercial and construction objects. Land tax for people will be also increased.
02 November 2006 [21:06]
The European Bank for Reconstruction and Development allocated USD 115 million credits for Azerenergy Joint-Stock Company to reconstruct the State Region Power Station in Mingachevir.
02 November 2006 [20:46]
On November 2, President of Azerbaijan Ilham Aliyev received members of the Caspian Development Advisory Panel.
02 November 2006 [20:44]
On November 2, President of Azerbaijan Ilham Aliyev welcomed BP Executive Vice President Andrew Inglis.
02 November 2006 [20:42]
The weighted average exchange prices made up 0.8724 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 2.
02 November 2006 [19:45]
A great fire broke out at 16.45 in the oil products supply base in Lenkeran.
02 November 2006 [16:37]
The rise of grain price is not expected to result in bread price rise but cut of its weight, Agriculture Ministry's Grain Reserve Officer Mammad Huseynov stated.
02 November 2006 [16:16]
he price for Russian natural gas for Georgia could rise from the current $110 to $230 per 1,000 cubic meters in 2007, the state-controlled energy giant Gazprom said Thursday.
02 November 2006 [16:14]
The Baku Interbank Currency Exchange (BICEX) has identified the leading operators of foreign currency exchange market in October 2006.
02 November 2006 [11:21]
The first profit from Baku-Tbilisi-Ceyhan (BTC) operations is going to amount to $15 million, Shakhmar Movsumov, head of the State Oil Fund of Azerbaijan (SOFAR) told journalists.
02 November 2006 [11:16]
The Law on tax privilege for investment securities and interests of people’s savings in banks and credit organizations will be ineffective January 1, 2007.
02 November 2006 [11:15]
The Global Information Technology Report, using the Networked Readiness Index (NRI), covering a total of 115 economies in 2005-2006, to measure the degree of preparation of a nation or community to participate in and benefit from ICT development and application, has been released.
02 November 2006 [11:12]
The oil revenues of Azerbaijan is expected to hit the highest point in 2009-2011, SOFAZ Executive Director Shahmar Movsumov stated.
02 November 2006 [10:59]
The weighted average exchange prices made up 0.8722 AZN for 1 US dollar in the Baku Interbank Currency Exchange on November 1.
02 November 2006 [10:57]
Bank Standard has become a principal member of Visa International, the world’s leading credit card.
02 November 2006 [10:56]
Azercell Telecom continues its work on expanding field of its coverage and to provide high-quality telecommunication services in the country.
02 November 2006 [10:52]
Azerbaijan National Confederation of the Entrepreneurs and Ministry of Labor and Social Protection are developing Deserving Labor State Program.
02 November 2006 [10:49]
Real Estate Registration Service registered over 6 000 mortgages during the period of March-October, Service chairman Arif Garashov said.
02 November 2006 [10:48]
National Depositary Center registered eight contracts on keeping and registration of the stocks of joint stock companies.
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