Economy

Second session of Caspian Forum focuses on European energy security

27.09.2013 | Readed: 4309

As informed earlier, on September 25, Caspian Forum, organized by the Caspian Strategy Institute (HASEN), was held at New York`s finest Hotel Waldorf Astoria. During the second session of the forum, energy security, current and future developments were......

Caspian Forum held in New York

27.09.2013 | Readed: 4114

On September 25, an Istanbul-based Caspian Strategy Institute (HASEN) held the Caspian Forum, dedicated to the Southern Corridor and energy security of Europe at a famous Waldorf Astoria Hotel in Manhattan, New York. Among the dignitaries attending the forum were......

BP’s new office in Baku opened

21.09.2013 | Readed: 4010

BP Azerbaijan today announced that it had moved to its new office in Baku called "BP Xazar Centre". It is located in Port Baku Development area along the Neftchilar Avenue. BP today hosted an event in Baku to officially inaugurate its new office. Gordon......

Azerbaijan advances 7 spots for global competitiveness index to rank 39th among 148 countries

05.09.2013 | Readed: 3734

Azerbaijan has climbed seven spots to rank 39th for global competitiveness index among 148 countries as the World Economic Forum has released its “Global Competitiveness Report 2013-2014”. Azerbaijan rose from 46th place to 39th in the Report, which put......

Shah Deniz consortium chooses TAP to carry Azeri gas to Europe

29.06.2013 | Readed: 3829

The consortium developing Azerbaijan`s Shah Deniz gas field has chosen the Trans Adriatic Pipeline (TAP) for natural gas deliveries to Europe, Gordon Birrell, BP Regional President for Azerbaijan, Georgia and Turkey said on Friday. Hailing the cooperation......

Baku hosts 15th annual gathering of Governing Council of Black Sea Trade and Development Bank

25.06.2013 | Readed: 3847

On June 23rd the 15th annual gathering of the Governing Council of Black Sea Trade and Development Bank was held in Baku. Opening the event chief of the Governing Council, finance minister of Azerbaijan Samir Sharifov said various events, including......

Azerbaijan’s SOCAR to buy Greek gas operator DESFA

22.06.2013 | Readed: 3874

Greece is set to agree the sale of its natural gas grid operator DESFA to Azerbaijani state energy company SOCAR. SOCAR has improved its offer to buy a 66% stake in the company to €400 million, a price that Greece's privatization agency HRADF finds......

Black Sea Bank forms a business network for work with Azerbaijani business

22.06.2013 | Readed: 3847

On June 21st an Azerbaijani business forum opened as part of the 15th annual meeting of the Black Sea Trade and Development Bank (BSTDB) in Baku. BSTDB president Andrey Kondakov said the forum aims to solve two tasks based on the example of......

4th Azerbaijan International Insurance Forum kicks off in Baku

21.06.2013 | Readed: 2451

On June 20th the 4th Azerbaijan International Insurance Forum commenced in Baku. Organized by the Azerbaijan Insurers Association, the event brings together more than 200 representatives from insurance and broker companies from over 20......

Azerbaijan-Kazakhstan business forum kicks off in Aktau

20.06.2013 | Readed: 2207

On June 19th an Azerbaijan-Kazakhstan business forum started in the Grand Nur Plaza Hotel, Aktau. Azerbaijan`s delegation at the event is led by Minister of Economic Development Shahin Mustafayev, while Minister of Economy and Budget Planning Yerbolat......

Azerbaijan, Korea sign agreement on economic cooperation

19.06.2013 | Readed: 1760

On June 18th Azerbaijani and Korean governments inked an agreement on economic cooperation, according to the Azerbaijan Ministry of Finance. The agreement was signed by Azerbaijan Minister of Finance Samir Sharifov and Korean ambassador to the country Choi......

Azerbaijan-Belgium-Netherlands business forum kicks off in Baku

14.06.2013 | Readed: 2404

On June 13th an Azerbaijan-Belgium-Netherlands business forum began in Baku as part of a visit by Belgium’s Lommel and the Dutch Bergeijk cities’ business delegations. Supported by Azerbaijan’s Ministry of Economic Development, the event is organized......

Baku hosts press conference on Caspian Oil & Gas Exhibition Incorporating Refining and Petrochemicals

04.06.2013 | Readed: 3672

A press conference titled Caspian Oil & Gas Exhibition Incorporating Refining and Petrochemicals has been held at the Baku Expo Centre. The press conference was attended by Chairman of the Board of ITE Group PLC Edward Strachan, Project manager of Iteca......

Baku forum on “Great steps for Azerbaijan`s future: Azerbaijan`s economy after oil” kicks of in Azerbaijan`s capital

04.06.2013 | Readed: 3147

On June 3rd Baku forum on “Great steps for Azerbaijan`s future: Azerbaijan`s economy after oil” started in Azerbaijan`s capital. Opening the event, Chief Executive Officer of Azerbaijan Future Studies Society Reyhan Huseynova stressed the importance of......

Azerbaijan, Canada discuss agrarian cooperation

29.05.2013 | Readed: 3410

Azerbaijan and Canada have explored ways of developing cooperation in agrarian area as the country`s Deputy Minister of Agriculture Aslan Aslanov met a delegation of Alberta Province of Canada. Mr. Aslanov briefed the delegation on development of......

Azerbaijan-Georgia-Turkey business forum kicks off in Gabala

27.05.2013 | Readed: 3100

 An Azerbaijan-Georgia-Turkey business forum has started in Gabala. In his remarks, Azerbaijan`s Minister of Economic Development Shahin Mustafayev stressed the forum’s importance. He also hailed the economic relations between the three......

“AtaBank” OJSC made orphans happy on Novruz holiday

18.03.2013 | Readed: 4499

       On 16 March 2013 “AtaBank” OJSC held another event in “Khamsa” restaurant in the field of corporate social responsibility. Novruz festival has been arranged for orphans with the support of bank. At Novruz......

SOCAR developing special program on increasing of oil extraction

14.03.2013 | Readed: 4412

SOCAR is developing a program on increasing of oil extraction in the country and its implementation will be started in the early April, said SOCAR`s President Rovnag Abdullayev. Abdullayev stressed that as a result of this project, it would be possible to......

Conference on “Heydar Aliyev 90: Economic modernization” kicks off

14.03.2013 | Readed: 4586

A conference on the theme “Heydar Aliyev 90: Economic modernization” kicked off today at the Baku Business center. The conference is organized by newspaper “Azerbaijan” and the Centre for Strategic Studies under the President of Azerbaijan Republic......

German Ambassador to Azerbaijan gets acquainted with “ASAN Khidmet” Center

14.03.2013 | Readed: 4487

German Ambassador to Azerbaijan Herbert Quelle acquainted with the activities of the “ASAN Khidmet” Center No. 1 in Baku, subordinated to the State Agency for Services to Citizens and Social Innovation under the President of the Azerbaijan......

Azerbaijani-Greek business forum opens in Baku

07.03.2013 | Readed: 2555

On March 6th Azerbaijani and Greek businessmen came together in Baku for the opening of a joint business forum. Opening the event, Greek Ambassador Ioannis Metaxas stressed the importance of the forum. He praised the Azerbaijan-Greece......

Azerbaijan and Germany sign MoU

05.03.2013 | Readed: 2364

The Azerbaijani State Committee on Property Issues and Germany’s Federal Ministry of Finance have inked a memorandum of understanding on mutual agreement and co-operation in the field of management and privatization of state property. The document was......

Azerbaijan, Turkey and Georgia sign protocol on acceleration of construction works in BTK railway

02.03.2013 | Readed: 2789

Azerbaijan, Turkey and Georgia have signed a protocol on acceleration of construction works in the BTK railway in the meeting of the countries’ delegations led by Transport Ministers Ziya Mammadov, Bineli Yildirim and George Kvirikashvili. Praising the role of......

Japan, Azerbaijan relations reach new phase

28.02.2013 | Readed: 2795

On February 27th Japan and Azerbaijan built a new phase of bilateral relations. This is in the field of cosmic cooperation, Ali Abbasov, Azerbaijan’s ICT Minister told the journalists at the joint seminar started here and dedicated to the Japan-Azerbaijan......

Azerbaijan, Asian Development Bank sign MoU

20.02.2013 | Readed: 3122

On February 19th Azerbaijan and Asian Development Bank signed a memorandum of understanding that will see Baku host the 48th annual meeting of the bank`s Board of Governors. The memorandum was signed as part of the visit of Azerbaijan`s Finance Minister......

Intra-European Organization of Tax Administration PCP forum kicks off in Baku

20.02.2013 | Readed: 2762

The 19th forum of Principal Contact Persons of the Intra-European Organization of Tax Administration (IOTA) has today started in Azerbaijan`s capital. The forum is attended by representatives of 33 member countries, as well as the Organization for Economic......

Azeri Taxes Minister meets head of EU office in the country

16.02.2013 | Readed: 2760

Azerbaijan`s Taxes Minister Fazil Mammadov met head of the EU office in Azerbaijan, Ambassador Roland Kobia and ambassadors of other EU member states. They discussed prospects for cooperation between Azerbaijan and EU, as well as the current state of national tax......

Standard & Poor`s assigns highest rating to Azerenerji among electric power companies in region

15.02.2013 | Readed: 2677

Standard & Poor`s Ratings Services said today that it has assigned its `BBB-` long-term and `A-3` short-term corporate credit ratings to Azerbaijan-based electric utility Azerenerji JSC. The outlook is stable. The decision of S&P, which has in its......

“The first national satellite is as important as the “Contract of the Century”, Ambassador Karimov

12.02.2013 | Readed: 2462

“The first national satellite Azerspace-1 is as important for the development of non-oil sector of Azerbaijan as the “Contract of the Century” signed thanks to the resolute and powerful will of the national leader Heydar Aliyev, was significant for......

Azerspace-1 is result of cooperation between Malaysia and Azerbaijan, Khoo Teng Bin

11.02.2013 | Readed: 4543

Azerbaijan’s first communications satellite Azerspace-1 is the result of cooperation between Malaysia and Azerbaijan. This project will strengthen further in the future the brotherly relations between the two countries, Member of the Board of Directors of Measat......

Serbian President meets Azeri businessmen

11.02.2013 | Readed: 2108

On February 9th Serbian President Tomislav Nikolic met Azerbaijani business people as part of his visit to the country. The meeting was attended by Azerbaijani officials and nearly 50 businessmen from the fields of agriculture, food industry, construction,......

Launch of Azerspace-1 satellite is watched in Malaysia

09.02.2013 | Readed: 2454

On February 8th a special event has been organized at the headquarters of Malaysia`s Measat Satellite Systems (MEASAT) company in Kuala Lumpur for watching live the launch of Azerbaijan`s first communications satellite Azerspace-1. Participants in the event......

2nd Tax Forum on "Tax system of Azerbaijan: realities and prospects" kicks off in Baku

09.02.2013 | Readed: 1840

The 2nd Tax forum on the "Tax system of Azerbaijan: realities and prospects" has got underway in Baku. Speaking at the event, Chairman of the Parliament’s Chairman of Economic Policy Committee, Ziyad Samadzade stressed the significance of forum in the......

Launch of Azerspace-1 satellite is historical event, YAP Executive Secretary

09.02.2013 | Readed: 2093

The launch of first communications satellite Azerspace-1 is a historical event for Azerbaijan. I congratulate the President of Azerbaijan Ilham Aliyev and the people of our country, vice-chairman of YAP, Executive Secretary Ali Ahmadov told a press......

UGE-LANCER PTE. LTD joins EITI implementation process in Azerbaijan

28.01.2013 | Readed: 2884

UGE-LANCER PTE.LTD became the next extractive sector company that joined Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan by signing the Instrument of Accession to MOU. UGE-LANCER PTE.LTD will submit......

Two MoUs signed at annual reception "SOCAR – Energy of Azerbaijan" in Davos

25.01.2013 | Readed: 2864

The State Oil Company of the Azerbaijan Republic (SOCAR) held an annual reception in Davos named "SOCAR – Energy of Azerbaijan" as part of the general program of the Azerbaijani delegation at the World Economic Forum. The President of SOCAR, Mr. Rovnag......

Azerbaijan, BP discuss cooperation

23.01.2013 | Readed: 3154

Azerbaijan and BP have explored ways of developing cooperation as the country`s Minister of Foreign Affairs Elmar Mammadyarov has met BP regional president for Azerbaijan, Georgia and Turkey Gordon Birrell and the Company`s Vice President, Huseyn......

Azerbaijan attends International Green Week-2013 fair in Germany

21.01.2013 | Readed: 3130

Nearly 30 Azerbaijani companies are attending Green week-2013 International Trade Fair for the food industry, horticulture, agriculture and forestry in Berlin. Minister of Agriculture Ismat Abasov, who leads the delegation, attended the opening ceremony of......

Azerbaijan-Slovenia business forum kicks off in Baku

17.01.2013 | Readed: 2386

On January 16th Azerbaijani and Slovenian businessmen come together in Baku for a joint forum aimed at exploring ways of developing the bilateral relations. The forum takes place as part of Slovenian Prime Minister Janez Jansa`s visit to Azerbaijan`s......

Slovenia interested in cooperation with Azerbaijan in many fields

17.01.2013 | Readed: 2173

Slovenia is interested in cooperation with Azerbaijan in various fields, Slovenian PM Yanez Yansha said at business forum held in Baku. According to Slovenian official, at present, trade turnover between then two countries are not at a satisfactory level, whereas both sides have great......

Azerbaijani PM meets Slovenian counterpart

17.01.2013 | Readed: 2068

On January 16th Azerbaijan`s Prime Minister Artur Rasizadeh met a Slovenian delegation led by PM Janez Jansa. The meeting focused on bilateral cooperation, and the two premiers noted the two countries have “wide” opportunities for further expanding......

Azerbaijani State Oil Fund brings first batch of gold

12.01.2013 | Readed: 2182

Approximately, 1 ton (32 150 troy ounces) of the purchased gold, conforming to the requirements of LBMA was transferred to Azerbaijan by UK`s Brink`s Global Services on January 11, 2013 and temporarily stored in the vaults of the Central Bank of the Republic of......


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    I Avropa Oyunlarının təəssüratları uzun müddət xatirələrdə yaşayacaq

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    Hər gün bir tarix, hər gün bir zəfər

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