Business
27 January 2006 [01:35]
41.5 million tons or cargo amounting to 36% of all cargo traffic realized in the transport sector of the country were transported through the Azerbaijani part of the Europe-Caucasus-Asia transport corridor in January-November of the past year.
26 January 2006 [14:55]
The arbitration was held in Sweden and is binding on the parties under the rules of UNCITRAL, the United Nations Commission on International Trade Law.
26 January 2006 [05:50]
The third cellular operator Azerfon to launch its operation in the country began establishing its networks in regions.
26 January 2006 [05:03]
The UniBank Commercial Bank (CB) increased its assets by 57% to AZM 330 billion over 2005.
26 January 2006 [04:57]
Pursuant to the "Rules for registration of contracts (decisions) on receiving (giving) grants" approved by a presidential decree dated February 12, 2004, 7 legal entities appealed to the Ministry of Economic Development for registration of contracts in 2005.
26 January 2006 [04:26]
"McDermott" and "Boss Shelf" companies have stopped their activities till unknown time because of the weather condition in the Republic.
26 January 2006 [04:23]
The incomes and expenses of the Caspian Shipping Company (CSC) for 2006 are forecasted to form AZN 110.7 million and AZN 118 million, respectively.
26 January 2006 [04:19]
Most of new residential buildings currently being constructed in the territory of the republic can be not subjected to mortgage lending implementation of which will start soon.
26 January 2006 [04:14]
157 wells of the Oil and Gas Production Unit (OGPU) named after H.Z.Taghiyev having the exploitation stock of 348 wells are included in the producing well stock and 189 wells in the inactive well stock; 2 wells are included in the stock of wells under test.
26 January 2006 [03:48]
The incomes of the State Social Protection Fund (SSPF) amounted to AZM 501.22 million manats in 2005 and this exceeds the analogous figure of the same period of the previous year by 19.9%.
26 January 2006 [03:36]
Two more bank organizations operating in Azerbaijan – Atrabank and Azerbaijan Microfinance Bank were admitted to the Visa International payment system as the associated members.
26 January 2006 [03:19]
The State Committee for Securities (SCS) registered emission prospectus of short-term notes of the National Bank of Azerbaijan (NBA) for 2006.
26 January 2006 [03:09]
Happenings in Azerbaijan are not related to the existing agreements between Azpetrol and Moldova and work is continuously implemented in the Jurjulesht petroleum terminal bought by the company.
26 January 2006 [03:08]
The Ministry of Taxes prepared new methodic directions for registration of entrepreneurs as VAT payers in tax authorities.
26 January 2006 [03:05]
A regular auction on placement of T-bills with the state registration number 10200313S of the Ministry of Finance was held in the Baku Stock Exchange (BSE).
26 January 2006 [02:55]
The SOCAR Marketing and Economic Operations Office (MEOO) will begin preparing its financial reports on the basis of the International Financial Reporting Standards from 2008.
26 January 2006 [02:46]
Although the accident happened in the Mozdok-Tbilisi gas pipeline was removed yesterday, Azerbaijan continues supplying gas to Georgia.
26 January 2006 [02:33]
The U.S. Exxon Mobil Corporation will pay SOCAR $50 million of compensation in tote because of refusing drilling the second exploratory well in the "Nakhchivan" and "Zefer-Meshel" prospective structures.
25 January 2006 [14:26]
LUKOIL opened a major multilayer oil and gas condensate field in the Severny licensed area, in the northern part of the Caspian sea.
25 January 2006 [01:44]
The SOCAR Marketing and Economic Operations Office announced a tender on selling of a regular consignment of 140 thousand tons of "Urals" marked crude oil belonging to Azerbaijan.
25 January 2006 [01:43]
The International Bank of Azerbaijan can install over 20 thousand POS-terminals in the territory of the country and provide their maintenance.
25 January 2006 [01:39]
The SOCAR Marketing and Economic Operations Office (MEOO) announced a tender on selling of a regular consignment of "Azeri Light" marked profit oil belonging to Azerbaijan.
25 January 2006 [01:34]
Produce and services amounting to AZM1.35 trillion were produced and provided in the main fields of economy on Sumgait city during the last year.
25 January 2006 [01:31]
All post-offices operating in the territory of the Republic will begin providing banking-financial services from the next year under the project "Development of financial services" implemented by the World Bank (WB) in Azerbaijan.
25 January 2006 [01:23]
A problem arisen in connection with not selling of produces manufactured in the Ethylene-Polyethylene plant of the Azerkimya State Company (SC) has not been analyzed by the Ministry of Industry and Energy yet.
25 January 2006 [01:19]
Delivery of electric energy and gas to Georgia does not create any problem in supply of industry and population of Azerbaijan.
25 January 2006 [01:12]
Azercell Telecom Joint Enterprise signed roaming contracts with the "Celtel" cellular operator of Gabon and "Celcom" operator of Liberia.
25 January 2006 [01:09]
"Barmek Azerbaijan Electric Network" LLC has concluded contracts with 111 thousand 776 subscribers so far.
24 January 2006 [22:23]
"Internet provider Azeronline Ltd intends to recall the lawsuit in regard to the Communications and Information technologies Ministry and the Department for Antimonopoly Policy of the Economic Development Ministry," told Elchin Aghakishiyev, the Director of the Company.
24 January 2006 [22:18]
State Oil Fund of Azerbaijan (SOFAZ) completed tender procedures which started on September 16, 2005 for the selection of a global custodian bank.
24 January 2006 [18:51]
This gas for own needs of the country only, but not for delivery to third side.
24 January 2006 [18:35]
"From 2001 to 2005 the total sum, concealed from payment of VAT, comprised around 17trln manats," Natig Amirov, the deputy Taxes Minister, said to a news conference dedicated to changes included into the Tax Code in relation to registration of VAT.
24 January 2006 [16:18]
Fitch Ratings affirmed Tuesday Azerbaijan's foreign and local currency issuer default ratings at "BB" with a stable outlook, along with the same rating for the country ceiling.
24 January 2006 [15:58]
The Shahdeniz 2006 capital expenditure budget is $865 million.
24 January 2006 [15:08]
The issues of the gas supplies from Azerbaijan to Georgia in the volume of 3-4 million cubic meters daily have been discussed during the visit of the Georgian government delegation to Baku.
24 January 2006 [05:50]
An agreement on export of one part of Kazakhstan's oil to the world market by means of the Baku-Tbilisi-Ceyhan (BTC) pipeline is expected to be signed by the governments of Azerbaijan and Kazakhstan in these days.
24 January 2006 [05:35]
The State Committee for Securities (SCS) registered emission prospectus of T-bills for 2006.
24 January 2006 [05:33]
The Azinvestbank Commercial bank (CB) changed its organizational-juridical form and name and will be called "Eurobank" OJSC from this moment on.
24 January 2006 [05:29]
In January-November of 2005 Azerbaijan implemented trade operations with foreign countries in amount of USD 7.9 billion or exceeding the same period's figure of 2004 by 28.8%.
24 January 2006 [05:25]
The proceeds and expenses of the Ministry of Communications and Information Technologies are forecasted to increase by 5.8% and 6.5% respectively in 2006. Pursuant to the estimate indicators approved by the Cabinet of Ministers the other day, the incomes and charges of the Ministry will total AZN 147 million and AZN 149 million respectively in the current year.
24 January 2006 [05:14]
The Azerenergy Joint-Stock Company (JSC) will deliver 30 megawatts of electric energy to Georgia daily until the accident happened in the electric main crossing to Georgia through the territory of Northern Ossetia is removed.
24 January 2006 [04:35]
Last year 128 million tons of cargo and 1 billion passengers were transported by transport companies and physical persons operating in the field of motor transport.
24 January 2006 [04:32]
Volume of assets of the Azerdemiryolbank Joint-Stock Bank (JSB) formed AZM 248.8 billion as of the beginning of the current year and this exceeds the previous year figure by 71.7%.
24 January 2006 [04:27]
The International Airport named after H.Aliyev announced an open tender consisting of 1 lot on procurement of papery goods.
24 January 2006 [04:17]
The Organic Synthesis plant of the Azerkimya State Company (SC) manufactured produce amounting to AZM 963.3 billion last year and this exceeds the same figure of 2004 by 46.4%.
24 January 2006 [04:00]
The 3rd meeting of the Council of the heads of state structures balancing markets of securities of CIS countries will be held in Moscow in June this year.
24 January 2006 [03:20]
In a board meeting held by the State Customs Committee (SCC) of the Autonomous Republic of Nakhchivan (ARN) the Head of the Committee Asaf Mammadov made a speech on activities carried out in 2005 and tasks ahead.
24 January 2006 [03:12]
Rate of inflation is expected to be under 10% in Azerbaijan this year.
23 January 2006 [21:27]
Newly released papers show that, in 1975, the Treasury was alarmed by the prospect that if the Scots realised how much oil lay under "their" territorial waters, there would be unstoppable pressure for independence.
23 January 2006 [16:52]
On Monday the Azerbaijani Energy and Industry Minister, Natig Aliyev received his Georgian counterpart N.Gilaurio, the President of the Georgian International Oil Corp., N.Vashakidze, and the President of the Georgian International Gas Corp., D.Ingorokvu.
23 January 2006 [16:13]
Kavkaztransgaz Ltd. continues repair work to liquidate the consequences of the explosion on the 133-km Northern Caucasus-Southern Caucasus gas-main pipeline.
23 January 2006 [16:07]
The Azerbaijani energy system has transferred to parallel work regime with Georgia. As a result, Georgia will receive 30 MW of electricity.
23 January 2006 [14:24]
From 16 through 20 January URAL (EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $59.15 per barrel or rose $3.85 barrel as compared to the last week (9 - 13 January).
23 January 2006 [12:52]
The number of the CDMA-subscribers (Code Division Multiple Access) of the Baku Telephone Communications Production Association (BTC PA) exceeds 500.
23 January 2006 [12:22]
The Russian company Gasprom made a decision on increase of natural gas delivery to Azerbaijan for further supply to Georgia in connection with the incident in the Mozdok-Tbilisi gas pipeline.
22 January 2006 [17:32]
Nino Burjanadze visits Kazakhstan.
22 January 2006 [17:28]
The Kazakh government, along with oil, also is interested in transportation of gas produced in its territory through Azerbaijan to Georgia, Turkey and further to Europe.
22 January 2006 [05:13]
Chief of State Statistics Committee Arif Valiyev announced macro-economic indications of economic and social development of the country for 2005 in the press conference today.
21 January 2006 [16:19]
New system to help "Azerpocht"
21 January 2006 [15:42]
In 2005 Baku-based oil refinery plants, including the Oil Refinery Plant and Azerneftyag SOCAR produced 7.3m of different oil products against 6.25m tons in 2004.
21 January 2006 [13:07]
The Energy Exchange Ltd company reports that the annual International CIS Summit on Oil and Gas: Russia, Ukraine, Caspian and Central Asia will take place this year in Paris from 31 May to 2 June 2006.
21 January 2006 [12:51]
European plane maker Airbus says it has again won the number one position for passenger aircraft orders thanks to a surge in end of year sales.
21 January 2006 [12:47]
Worries over potential disruptions to oil supplies have caused the price of crude to climb to its highest in over three months.
21 January 2006 [12:41]
In a further sign of strained relations, Kiev is demanding that Russia lift a ban imposed yesterday on Ukrainian dairy products.
21 January 2006 [05:23]
"Hot line" to operate during 24 hours will be put to operation in the State Committee on State Property Management (SCSPM) soon.
21 January 2006 [04:00]
The Tariff Council has not discussed the issue on raising fare in the Metro.
20 January 2006 [19:35]
Food giant Nestle has become the world's biggest ice cream maker after taking full ownership of US firm Dreyer's Grand Ice Cream.
20 January 2006 [04:16]
The Organization Committee of the Russian-Azerbaijani Economic Forum which is intended to be held in Baku on February 22-25 has got its first meeting today.
20 January 2006 [04:10]
Although the government does not fix the price of bread, it will take serious measures against companies intending to raise the price of bread in connection with increase of price of fuel.
20 January 2006 [04:03]
The 42nd meeting of the Council of the Heads of the Customs Services of the CIS-participating countries started on January 19 in Saint-Petersburg city of Russia.
20 January 2006 [03:57]
The General Prosecutor Office of Azerbaijan announced an open tender on procurement of goods and equipments in 2006.
20 January 2006 [03:50]
Subscribers will be able to watch TV by means of stationary telephone communication from February-March months of the current year.
20 January 2006 [03:27]
The Azerbaijan Insurance Companies Union (AICU) completed all documentation works for establishment of the Insurance Training Centre (ITC) in Baku and short-term courses for employees of insurance companies to be started in the Centre this year, in April.
20 January 2006 [03:10]
All automated telephone stations (ATS) in Baku will be completely electrified during this year.
20 January 2006 [02:56]
Service tests are currently implemented in Ceyhan terminal of the Baku-Tbilisi-Ceyhan (BTC) main oil export pipeline. After the tests the terminal will be completely ready to receive oil.
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