Business
26 March 2006 [21:34]
Azerbaijani Ambassador to China held a press conference.
26 March 2006 [17:07]
Khazardenizneftgastikinti has won a tender announced by the BP to construct 12-km Georgian stretch of the South Caucasus export pipeline.
26 March 2006 [03:32]
The situation with Russian gas supplies to Armenia seems to be solved.
25 March 2006 [16:26]
Total net profit of bank credit organizations in Azerbaijan increased 46.5% in 2005 and reached AZN 57.04 million manats early this year.
25 March 2006 [16:00]
McDermott Caspian Contractors, inc. (MCCI) has held the first forum of the supplier companies.
25 March 2006 [10:24]
Documents concerning returning of population's savings banked in the USSR period are reviewed in the Executive Office of President.
25 March 2006 [10:04]
Specialists of the National Bank of Azerbaijan (NBA) prepared a bill on housing-savings banks.
25 March 2006 [09:33]
The institutions subordinated to the Ministry of Transport will submit their proposals on raising transportation tariffs to the Tariff Council.
25 March 2006 [09:19]
International microfinance conference will be held in Baku May 11-12.
25 March 2006 [00:10]
Abulfaz Garayev, the Azerbaijani Culture and Tourism Minister, will pay a visit to the United Arab Emirates on April 1.
24 March 2006 [23:49]
Approval of $750m credit for the State Oil Company of Azerbaijan (SOCAR) under the Azeri-Chirag-Gunashli (ACG) allows SOCAR restore its right for big volumes of profit in compliance with the PSA, Rovnag Abdullayev, the President of the SOCAR stated.
24 March 2006 [15:24]
Azerigaz will start suspending gas supplies to clients failing to pay for the services in March of this year, Azerigaz first vice chairman, Nazim Samedzade told.
24 March 2006 [13:36]
The leadership of the State Oil Company of Azerbaijan and Azneft PA made a resolution to expand deepwater platform 11, located in Shallow-water Gunashli, where the SOCAR lifts gas at own expense. It is planned to drill 6 gas wells with to total debit of 2 million cu m of gas of high pressure.
24 March 2006 [11:35]
Today officials of the National Bank of Azerbaijan (NBA) and Mortgage Fund (MF) held presentation of "Role of mortgage loans in improvement of living standards of population" report at a meeting of the economic policy standing committee of Milli Majlis.
24 March 2006 [10:56]
Delegation led by the Deputy Chief of the Near East and Central Asia Department of the International Monetary Fund (IMF) Vitaly Kromarenko will visit Baku April 12-18.
24 March 2006 [10:49]
Resumption of the Baku-Delhi flights by Indian airlines is impossible at the present moment.
24 March 2006 [10:35]
Major Dutch aluminum producer Fondel Metal Participations BV plans to file a plea against the Azerbaijan government with the investment disputes court in the Hague over what it calls the invalidation of its 25-year agreement with the company to run the country's aluminum assets.
24 March 2006 [10:25]
In January-February of the current year enterprises and physical persons operating in the transport sector of Azerbaijan transported 19.6 million tons (8.9% more in comparison with the relevant period of 2005) of cargo. 51.5% of cargo was transported by motor transport, 16.9% by pipelines, 21.1% by railway, 10.5% by maritime transport and share of the private sector in cargo traffic formed 54.4%. Cargo turnover in the transport sector increased by 16.7% and was 4.3 billion ton/km.
24 March 2006 [10:04]
Environment defense organizations, which were against construction of the Megri-Shvanidzor-Kapan highway through Shikaogsky reserve, have not kept their word, stated Armenian Transportation and Communication Minister Andranik Manukyan.
24 March 2006 [09:15]
Transmission of the power distribution networks from the Bayva Energy Management Centre to the Azerenergy Open Joint-Stock Company (OJSC) will be completed by the end of March.
24 March 2006 [09:11]
Memorandum of understanding was signed between the Bank Standard Close Joint-Stock Company (CJSC) and International Finance Corporation's Azerbaijan Leasing Development Project (ALDP).
24 March 2006 [09:09]
In January-February of the current year GDP (Gross Domestic Product) in amount of AZN 2228.9 million was produced in the country and it exceeds the same figure of the last year's relevant period by 48.1%.
23 March 2006 [15:56]
Azerbaijani-Spanish business forum was held in Baku March 23. It was the second business forum between Azerbaijani and Spanish entrepreneurs, the first one was held in Madrid in 2003.
23 March 2006 [13:39]
The Azerbaijani government is charged to cover all demands for agriculture products in the country, Azerbaijani President Ilham Aliyev, stated at opening ceremony of sugar factory in Imishli District.
23 March 2006 [12:16]
The Ministry of Foreign Affairs said the second session of the joint Azerbaijan-Switzerland intergovernmental commission for commercial and economic cooperation was held in Swiss capital, Bern.
23 March 2006 [10:17]
AZAL public affairs office stated that information that AZAL was included in the EU airliner blacklist because of being unsafe is false.
23 March 2006 [10:11]
The first business forum named "Tourism opportunities of Azerbaijan" will be held in the United Arab Emirates April 2-3.
23 March 2006 [09:39]
Ceremony of sugar mill opening will be held within the framework of the visit of the President Ilham Aliyev to Imishli and Ali Bayramli March 23.
23 March 2006 [09:34]
Ayshan Company sued the Defense Ministry and the State Vet Service under auspicious of the Ministry of Agriculture in connection with meat scandal.
23 March 2006 [09:02]
In January-February of the current year volume of income per capita increased by 17.1% in comparison with the same indicator of the relevant period of 2005 and formed AZN 188.9.
23 March 2006 [08:58]
Volume of savings of population in banks increased by AZN 87.4 million or 21.5% in comparison with the same period of the last year and amounted to AZN 494.1 million by February 1, 2006.
23 March 2006 [00:51]
Iran increased amount of energy supply to Azerbaijan, informed press office of Azerenergy Joint Stock Company.
23 March 2006 [00:43]
From 13 through 17 March AZERI LT average price, sold by Azerbaijan in Novorossiysk port, was $63.71 per barrel or $1.70 per barrel down as compared to the previous week.
23 March 2006 [00:35]
The Respublika Joint-Stock Bank brought the number of plastic cards issued so far up to 10 thousand.
23 March 2006 [00:33]
The Azerigasbank Joint-Stock Bank (JSB) intends to increase its authorized capital two times and bring it up to AZN 12 million.
23 March 2006 [00:06]
Installation work is now in the final stage.
23 March 2006 [00:02]
There are some facts of tax evasion by Barmek Azerbaijan, however, exact amount is still unknown, Taxes Minister Fazil Mammedov told journalists.
22 March 2006 [17:09]
Four more associates of Barmek-Azerbaijan Electricity Distribution LLC have been detained. Three officers of the company were detained March 17.
22 March 2006 [15:49]
President Ilham Aliyev visited building site of TPG-500 sea platform and its underwater foundations on Zykh, within the frames of Shah-Deniz project March 22.
22 March 2006 [14:49]
Japan International Cooperation Agency (JICA) experts will take part in preparing the assessment report for the combined-cycle plant construction in the "Shimal" electric power station.
22 March 2006 [14:30]
This year oil production is expected to hit a high of 30 million tons for the first time in Azerbaijan, State Oil Company of Azerbaijan reported.
22 March 2006 [13:48]
2,500 cars of Chinese company Lifan will be built this year by the Ganja automobile factory. In compliance with a contract signed this month, passenger cars, minibuses and light trucks (from 1 to 3, 5 tons) will be produced at the factory.
21 March 2006 [20:26]
"Removal of double taxation between states is paid special attention in Azerbaijan," the Ministry of Taxes said.
21 March 2006 [20:21]
"Resumption of Abkhaz part of the railway beneficial not only to Armenia, but also to the region on the whole," expert economist Eduard Aghajanov said.
21 March 2006 [16:51]
New 10 and 20 AZN banknotes have been put into circulation.
21 March 2006 [16:49]
"Pumping of the Baku-Tbilisi-Ceyhan MEP continues," AIOC's spokesman said.
21 March 2006 [16:46]
Oil production in this platform will start late this year.
21 March 2006 [16:43]
Construction works on Shahdeniz gas and condensate development project will take 865 million dollars in 2006.
21 March 2006 [12:22]
"Georgia is interested in a project to transport natural gas from Iran via Armenia," Georgian Ambassador Extraordinary and Plenipotentiary to Armenia Revaz Gachechiladze said Monday.
18 March 2006 [21:23]
Central and Eastern Azeri platform of Azeri-Chiraq-Guneshli project will give 750000 barrels of oil in the second quarter of this year.
18 March 2006 [21:18]
Azerbaijani government will benefit $100 million from management of strategic currency funds in 2006.
18 March 2006 [12:12]
Second meeting of the Azerbaijan-Switzerland intergovernmental commission for economic cooperation was held in Bern city March 15.
18 March 2006 [11:42]
System similar to the Automated Taxes Information System (ATIS) is developed for the Treasury system as well. The Ministry of Finance and national Bank will join this system in 2007.
18 March 2006 [10:13]
"At the present the Intel Corporation does not intend to participate in the project of creation of techno-fleets – free economic zones on information technologies in Azerbaijan".
18 March 2006 [09:33]
The Chair of the Board of the National Bank of Azerbaijan (NBA) Elman Rustamov held a press-conference on the results of the last year.
18 March 2006 [08:03]
Experts of the Japanese International Cooperation Agency (JICA) will participate in construction of the first combined-cycle plant (CCP) in the Shimal Power Plant.
17 March 2006 [15:59]
American company plans to transport 4-5 million tons of oil a year through Azerbaijan.
17 March 2006 [15:56]
February 17 the Azerbaijani Tax Ministry held a presentation of ATIS (automated tax information system) project, which has been applied since 2006, for the government officials.
17 March 2006 [15:19]
Over half of Azeri entrepreneurs believe corruption is a stumbling block to economic development in the country, according to a recent survey.
17 March 2006 [14:36]
$7bn manats has been invested since the beginning of Azeri-Chirag-Gunashli (ACG) implementation, Nadir Imanov, a spokesman of BP, an operator of ACG, told journalists during briefing at Sangachal Terminal March 17.
17 March 2006 [10:39]
The first international tourism exhibition called "Inturmarket" will be held in Moscow March 19-22.
17 March 2006 [10:34]
40th congress of International Advertising Association (IAA) will be held in Dubai, city of the United Arabic Emirates March 21-24.
17 March 2006 [10:30]
"World oil prices may drop below $60 per barrel in the near future," International Energy Agency Deputy Executive Director William Ramsay.
17 March 2006 [10:30]
The European Commission assists Azerbaijan with reconstruction of the transport infrastructure, improvement of border-crossing procedures, personnel training, and under cooperation within TRACECA.
17 March 2006 [10:26]
The Yamaha Company of Japan intends to establish service centers in Azerbaijan in near future.
17 March 2006 [10:17]
Today the Azerbaijan Car Dealers Association awarded several participants of the 3rd Azerbaijan International Car Exhibition held in the Heydar Aliyev Sport and Concert Complex on March 15-18.
17 March 2006 [10:14]
The law on the project signed between the Asian Development Bank (ADB) and Azersu Joint-Stock Company (JSC) under the Urban water supply and sewerage Project approved by the President Ilham Aliyev has come to force from Thursday.
17 March 2006 [10:10]
Head of the OSCE Office in Baku, Ambassador Maurizio Pavesi's statement on existence of corruption in Azerbaijani transport sector outraged vice-premier Abid Sharifov.
17 March 2006 [09:54]
The AutoStar Kaukasus Company, the general distributor of the DaimlerChrysler AG Concern in Azerbaijan, will present Mercedes-Benz's new GL-Class to public soon.
17 March 2006 [09:52]
In an initiative of the Ministry of Industry and Energy of Azerbaijan Energy Efficiency and Stable Development Symposium will be held in Baku on March 28-30 by the UN Department of Economic and Social Affairs.
17 March 2006 [09:47]
The Aviation-Technical Centre Limited Liability Company of the Azerbaijan Air Lines State Concern announced tender to identify contractor companies for construction of the Base Inspection-Repair Metrological and Diagnostics laboratories.
17 March 2006 [08:10]
Course on "Credit evaluation" will be conducted in the Azerbaijan Bank Training Centre (ABTC) March 22-24.
16 March 2006 [18:15]
An Azerbaijani-Spanish business forum will be held in Baku on March 23.
16 March 2006 [16:45]
The second preparatory "Increase of transport security of the OSCE region" conference dedicated to the 14th economic forum of OSCE.
16 March 2006 [16:10]
In January to February 2006 the gross domestic product (GDP) of Azerbaijan grew by 48.1% as compared 2005.
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