Economy

Rome hosts 2nd meeting of Azerbaijan-Italian intergovernmental commission

07.07.2011 | Readed: 1023

The second meeting of Azerbaijan-Italian intergovernmental commission for economic cooperation has been held in Rome, Italy. The meeting was co-chaired by Azerbaijan`s Industry and Energy Minister Natig Aliyev and Italian Deputy Foreign Minister Alfredo Mantica. The event focused on......

Azeri Premier meets director general of customs service of Argentina

01.07.2011 | Readed: 1113

On June 30th Prime Minister of Azerbaijan Artur Rasizade met Mrs. Maria Siomara Ayeran, director general of customs service of Argentina. Mrs. Maria Siomara Ayeran said she was honored to be in Azerbaijan which is the most developed country in the region. She praised the level of......

Azerbaijan Diplomatic Academy to organize summer energy school

01.07.2011 | Readed: 1019

The 5th Baku Summer Energy School will be co-organized by Azerbaijan Diplomatic Academy (ADA) and State Oil Company of Azerbaijan Republic (SOCAR) on July 2 -16. SOCAR, the Ministry of Environment and Natural Resources, the Ministry of Industry and Energy, as well as representatives of......

Azerbaijani Akkord, French Bouyges companies sign MOU

30.06.2011 | Readed: 1199

The Azerbaijani Akkord and French Bouygues Travaux Publics companies have signed a Memorandum of Understanding, which involves cooperation between the parties in the infrastructural projects in Azerbaijan, including the laying of new lines and Baku metro stations. The memorandum was signed......

Azerbaijan, Argentina discuss customs cooperation

29.06.2011 | Readed: 1035

Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev met Maria Siomara Ayeran, general director of customs service of Argentina. Aliyev expressed satisfaction with strengthening of customs relations between the two countries. He recalled that Azerbaijan and Argentina signed......

Azerbaijan`s oil reserves make 2bn tons

21.06.2011 | Readed: 1017

Azerbaijan`s confirmed oil reserves are estimated at 2 billion tons, said first vice president of the country`s state oil firm, SOCAR, Khoshbaxt Yusifzade. He said the country`s confirmed gas reserves are estimated at 3.8 trillion cubic meters. "So far more than 36 billion US......

Azerbaijan`s customs chief participates in CIS meeting

19.06.2011 | Readed: 1021

The Azerbaijani delegation led by chairman of the Azerbaijan`s State Customs Committee Aydin Aliyev attended the 53rd meeting of the Council of Heads of Customs Services of CIS member states in the Russian city of Irkutsk. The event featured the information about the follow-up to the......

Shahdaniz-2 to help increase gas production to 25bn cm, SOCAR

19.06.2011 | Readed: 1036

First vice-president of Azerbaijan`s state oil firm, SOCAR, Khoshbakht Yusifzade has said the implementation of the Shahdaniz-2 project will help to increase the country`s gas production to 25 billion cubic meters per year. "Currently the Shahdaniz field produces 9 billion cubic meters of......

World Bank, Azerbaijan`s State Customs Committee discuss cooperation prospects

19.06.2011 | Readed: 1009

Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev has met with World Bank`s (WB) Country Manager Joseph M. Owen to discuss prospects for relevant cooperation. Aliyev described "The State Program of the Customs System of Azerbaijan Republic for 2007-2011" as an important stage......

Azeri FM in Spain for official visit

17.06.2011 | Readed: 1004

Azerbaijan`s Foreign Minister Elmar Mammadyarov is in Spain for an official visit. The Azeri minister gave interview to Spain`s El Mundo newspaper as part of his visit to Spain. He spoke of relations between two countries and development of prospects of these relations. Mammadyarov......

Abu Dhabi Fund for Development finances power station construction in Azerbaijan

15.06.2011 | Readed: 1008

Finance Minister of Azerbaijan Samir Sharifov, on behalf of the government of Azerbaijan, and Director General of the Abu Dhabi Fund for Development Mohammed Saif Al Suwaidi signed a loan agreement here on Wednesday to finance the Cenub project. The Abu Dhabi Fund will set aside $60 mln to build......

United States highly value achievements of Azerbaijan and development of Shakhdeniz, ambassador of United States Matthew Bryza

11.06.2011 | Readed: 1104

The United States highly value progress achieved by Azerbaijan last year and achievements of a consortium developing Shakhdeniz field in partnership with foreign companies, ambassador of United States Matthew Bryza said. The ambassador said that debates over gas sale rates are approaching......

18th Caspian Oil & Gas Conference Incorporating Refining & Petrochemicals kicks off in Baku

09.06.2011 | Readed: 988

18th Caspian Oil & Gas Conference Incorporating Refining & Petrochemicals kicked off in Azerbaijan`s capital bringing together 500 representatives from different countries. The first session was dedicated to ensuring energy security and market integration. It heard a report by......

Norway`s Crown Prince: Azerbaijan rationally uses its oil reserves

09.06.2011 | Readed: 1041

Haakon, Crown Prince of Norway, has said Azerbaijan rationally uses it oil reserves. Speaking to a pres conference on the outcomes of his two-day visit to Baku, he noted: "A sharp fall in the poverty level in Azerbaijan in the last 10 years proves that the country`s oil reserves are......

Southern Corridor project becoming a reality, U.S. Ambassador Matthew Bryza

09.06.2011 | Readed: 1027

{nl}"Today`s discussions prove that Southern corridor project is becoming a reality thanks to both sides` efforts", ambassador of the United States Matthew Bryza stated at the evening reception organized by the embassies of the United States and UK in Azerbaijan prior to the 18th......

Late current year Azerbaijan to release Hi-tech and power saving products

09.06.2011 | Readed: 1045

Being in Baku on a visit the delegation led by the vice-president of Presidium of National Academy of Sciences of Belarus Sergey Rakhmanov has visited National Aviation Academy of Azerbaijan. Director of the State Enterprise Center of light-emitting diode and optoelectronic technologies of......

Azerbaijani ICT minister meets Secretary General of International Telecommunication Union

09.06.2011 | Readed: 1019

Azerbaijan`s minister of communications and information technologies Ali Abbasov has met Secretary General of the International Telecommunication Union Hamadoun Toure as part of the 3rd meeting of Broadband Commission for Digital Development in France. They discussed preparatory issues......

Azeri ICT Minister meets UNESCO chief

08.06.2011 | Readed: 1071

Azerbaijani Minister of Communications and Information Technologies Ali Abbasov has met UNESCO Director-General Irina Bokova. The meeting took place as part of the 3rd meeting of the Broadband Commission for Digital Development in France. They exchanged views on an international conference......

UK has 52% of investment in Azerbaijan, ambassador

08.06.2011 | Readed: 1034

The United Kingdom has 52% of investment in Azerbaijan, said Ambassador Carolyn Browne.
The ambassador said no other country has so large volume of investment in the country.
She added Azerbaijan and the United Kingdom had strong and successful relationship.

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Azerbaijan ‘plays important role' in ensuring European Union`s energy security

07.06.2011 | Readed: 996

European Union`s commissioner for energy has praised Azerbaijan`s role in ensuring Europe`s energy security. Gunther Oettinger met Azerbaijan`s foreign minister Elmar Mammadyarov in Baku. "Azerbaijan plays an important role in ensuring European Union`s energy security," he told......

Richard Morningstar to arrive in Azerbaijan

05.06.2011 | Readed: 1135

Special Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar will arrive in Azerbaijan. Morningstar will head the US delegation to participate in the 18th International Caspian Oil & Gas Exhibition & Conference Incorporating Refining and......

Baku hosts conference on business opportunities for America and Azerbaijan

04.06.2011 | Readed: 1004

The business and investment conference "Business opportunities for Azerbaijan and America" has started in Baku. The conference organized by the US-Azerbaijan Chamber of Commerce (USACC) aims at creating new business ties and trade relations between America and Azerbaijan.......

7th annual Eurasian seminar of tax experts kicks off in Baku

03.06.2011 | Readed: 994

On June 2, the 7th annual Eurasian seminar of fiscal experts of the International Tax and Investment Center (ITIC) commenced in Baku. The goal of the seminar is to gather the persons who are engaged in tax policy and tax administration internationally, representatives of the state and......

Azerbaijani and Dutch businessmen boost cooperation

25.05.2011 | Readed: 999

A meeting of Azerbaijani and Dutch businessmen with support of the Ministry of Economic Development and Azerbaijan Export and Investments Promotion Foundation ( AzPROMo) held in Baku. Chief of AzPROMO Adil Mammadov briefed on business and investment opportunities of the country. He said......

Azerbaijan and Russian products on display in Astrakhan

20.05.2011 | Readed: 1026

An exhibition showcasing production manufactured by private and state companies of Azerbaijan and Russia has opened in Astrakhan as part of the forum "Russia and Azerbaijan: towards new horizons of interregional cooperation". The exhibition features over 200 stands and dozens of......

Czech President visiting Sangachal oil terminal

19.05.2011 | Readed: 1012

On May 18th President of the Czech Republic Václav Klaus and his spouse Mrs. Livia Klausová visited Sangachal oil terminal. The tour began from the Caspian Energy Center which was established to increase youth interest in oil-gas sector. First Vice-President of the State Oil......

Czech President meets businessmen

19.05.2011 | Readed: 1038

On May 18th President of the Czech Republic Václav Klaus met with his country`s businessmen in Baku. The fact that not only a political delegation but also a group of Czech businessmen arrived in Baku testifies that Azerbaijan arouses a great interest for us, said Mr. Klaus. Mr.......

Business forum "Azerbaijan-leading economy of Caucasus. Azerbaijan`s investment potential" held in London

13.05.2011 | Readed: 1076

A business forum "Azerbaijan-leading economy of Caucasus. Azerbaijan`s investment potential" with support of Azerbaijani embassy to UK, European-Azerbaijani Society and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) held in London. The event brought together officials......

Azeri top diplomat meets Serbian deputy FM

12.05.2011 | Readed: 1040

Azerbaijan`s Foreign Minister Elmar Mammadyarov met visiting Deputy Foreign Minister of Serbia Zoran Vujić. Mammadyarov recalled his recent visit to Serbia. The Minister praised the relationship between Azerbaijan and Serbia. He said there was great potential to expand this cooperation.......

Azeri finance minister attends ADB`s annual meeting

07.05.2011 | Readed: 982

A delegation led by the Finance Minister of Azerbaijan Samir Sharifov visited Vietnam to attend 44th annual meeting of the board of governors of Asian Development Bank (ADB). The participants discuss organization`s annual report for 2010, financial statements, management's report on......

Azerbaijan, Lithuania ink tax cooperation agreement

06.05.2011 | Readed: 1044

Tax Ministry of the Azerbaijan Republic and the State Tax Inspectorate under the Finance Ministry of Lithuania signed an agreement on technical cooperation. The Agreement was signed by tax minister Fazil Mammadov (Azerbaijan) and head of the Tax Inspectorate under the Finance Ministry of......

Azerbaijan, Montenegro discuss economic ties

06.05.2011 | Readed: 988

As a part of his official visit to Montenegro, Azerbaijani Foreign Minister Elmar Mammadyarov met with President Filip Vujanović, Prime Minister Igor Lukšić, Parliament Speaker Ranko Krivokapic and Mayor of Bar city Žarko Pavićević. They discussed ways of further developing bilateral......

Azerbaijan, Pakistan discuss migration cooperation

05.05.2011 | Readed: 1010

Chief of Azerbaijan State Migration Service Arzu Rahimov met Pakistani ambassador to the country Abdul Hamid. During the meeting, they discussed prospects for migration cooperation between the two countries. The parties also exchanged views on other relevant issues of mutual......

Azerbaijan-Georgia trade cooperation should be developed

26.04.2011 | Readed: 985

Azerbaijan-Georgia trade cooperation should be developed in order to strengthen the existing cooperation between the two countries, Georgian Minister of Economy and Sustainable Development Vera Kobalia has told journalists. Kobalia noted she would have several meetings in Baku during which......

Baku hosts ninth meeting of Azerbaijan-Ukraine Intergovernmental Commission on Economic Cooperation

22.04.2011 | Readed: 1009

A ninth meeting of the Azerbaijan-Ukraine Intergovernmental Commission on Economic Cooperation took place in Baku on Thursday. Co-chairs of the Commission First Deputy Prime Minister of Azerbaijan Yagub Eyyubov and his Ukrainian colleague, First Deputy Prime Minister and minister of......

Azerbaijan State Oil Fund`s revenues and expenditures for January-March 2011

20.04.2011 | Readed: 1082

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2011 reached 3 259.6 million manats, while budget expenditures constituted 1 399.6 mln. manats. Revenue of 3 197.6 mln. manats for the period of January-March, 2011 was received......

Asian Development Bank expects improvements in Azerbaijan`s agricultural sector and tourism

20.04.2011 | Readed: 970

"Growth in oil economy including natural gas production is estimated to have slowed to 1.8%. Non-oil economy has also grown, as it coped with the challenges of a global recession. Strong growth in non-oil sector was driven mainly by public investment and infrastructure projects, which brought......

Turkey-Azerbaijan business forum held in Ankara

16.04.2011 | Readed: 1026

On April 15th Turkey-Azerbaijan business forum was held in Ankara. The forum brought together Azerbaijan`s Economic Development Minister Shahin Mustafayev, Turkish Foreign Trade Minister Zafer Caglayan, Ambassador of Azerbaijan to Turkey Faig Bagirov and businessmen from the two......

Second meeting of Azerbaijan-Jordan Intergovernmental Commission held in Baku

13.04.2011 | Readed: 998

The second meeting of Azerbaijan-Jordan Intergovernmental Commission on trade, economy and techniques held in Baku. The both countries` businessmen discussed prospects of cooperation in various spheres. The event was organized by Azerbaijan`s Ministry of Economic Development,......

Regional customs seminar kicks off in Baku

12.04.2011 | Readed: 1013

Regional seminar on „Harmonic system-2012: application and tariff management" started in the WCO (World Customs Organization) Regional Training Centre here. Chairman of Azerbaijan`s State Customs Committee, lieutenant-general Aydin Aliyev and international expert Alvaro Fernandez and......

Istanbul to host 14th Eurasian Economic Summit

12.04.2011 | Readed: 1003

The Marmara Group Strategic and Social Research Foundation will be organizing the 14th Eurasian Economic Summit in Istanbul on April 13-15. Head of the Foundation Akkan Suver told journalists as every year Azerbaijan`s delegation would be actively participating at the event. The......

Baku hosts Azerbaijan-India interactive business workshop

31.03.2011 | Readed: 1011

An interactive business session among Azerbaijani and Indian businessmen was held in Baku on Wednesday. The event was organized by Indian Embassy to Azerbaijan, Federation of Indian Chambers of Commerce and Industry (FICCI) and National Confederation of Entrepreneurs (Employers')......


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