Economy

Azerbaijan, Mexico discuss prospects for cooperation

30.03.2011 | Readed: 1030

Azerbaijan`s Foreign Minister Elmar Mammadyarov has met with Mexican counterpart Mrs. Patricia Espinosa, as part of his official visit to the country. Mrs. Espinosa said "Mexico attaches great importance to the relations with Azerbaijan". She noted the necessity of developing......

Azerbaijan, Russia: 13th session of the intergovernmental commission on economic cooperation held in Moscow

19.03.2011 | Readed: 1061

Thirteenth session of the intergovernmental commission on economic cooperation between the Azerbaijan Republic and the Russian Federation has taken place in Moscow. Opening the session, chairman of the Russian part of the commission, the vice-president of the Government of the Russian......

Azerbaijan mulls cooperation with World Bank and IMF

18.03.2011 | Readed: 1015

Elman Rustamov, Chairman of the Azerbaijan Central Bank met here with Michel Mordasini, Executive Directof of the World Bank and Rene Weber, Executive Director of the Internatioanl Monetary Fund to discuss cooperation and economic situation in Azerbaijan. Rustamov pointed out Azerbaijan is......

Albania ‘interested' in expanding economic and trade relations with Azerbaijan

11.03.2011 | Readed: 1022

Albania`s deputy prime minister and foreign minister Edmond Hakhinasto said his country was interested in expanding the economic and trade relations with Azerbaijan. Hakhinasto met with Azeri parliament speaker Ogtay Asadov in Baku. He praised Azerbaijan`s economic achievements.......

EITI conference underway in Paris

04.03.2011 | Readed: 1089

The 5th Extractive Industries Transparency Initiative (EITI) Global Conference is now underway in Paris. The conference will focus on how the EITI is making a difference to the nearly half a billion people in 24 countries around the world who now have access to reliable revenue figures from the......

Azerbaijan`s chief customs officer meets Argentina's officials

01.03.2011 | Readed: 995

Chairman of the Azerbaijan State Customs Committee Aydin Aliyev held a number of meetings as part of his visit to Argentine. According to Azerbaijan`s Foreign Ministry, Mr. Aliyev met with Argentina's Industry minister Debora Giorgi. The sides exchanged views on current state of......

Azerbaijan, Argentine signed agreement on cooperation in customs sphere

26.02.2011 | Readed: 1045

Chairman of Azerbaijan State Customs Committee Aydin Aliyev met with the Head of the Federal Administration of Public Revenues of Argentine, Ricardo Echegaray, within the framework of his visit to Argentine. The sides exchanged views on the activities of the customs services of both......

Azerbaijani ambassador to Poland attends 18th International Economic Forum

17.02.2011 | Readed: 999

Azerbaijan`s ambassador to Poland Hasan Hasanov has attended the 18th International Economic Forum held in the city of Torun. Hasanov addressed the conference entitled "The future of Eastern Partnership" that took place as part of the Forum. The diplomat said Azerbaijan was closely......

EU to assist Azerbaijan in effective use of renewable energy

16.02.2011 | Readed: 1004

The European Union and Azerbaijan are currently going through an important stage in the energy sector. Agreements on political matters were reached during recent visit of President of the European Commission Jose Manuel Barroso to Azerbaijan, said Head of the European Union Delegation to......

AGRI project`s feasibility studies agreed

16.02.2011 | Readed: 1009

Azerbaijan, Georgia, Romania and Hungary have agreed to prepare the technical-economic feasibility studies of the AGRI project by April 1, 2012. The AGRI (Azerbaijan-Georgia-Romania Interconnector) project envisages the supply of natural gas from Azerbaijan via Georgia to Romania and......

Azerbaijan-Lithuania Business Forum kicks off in Baku

10.02.2011 | Readed: 993

The Azerbaijan-Lithuania business forum supported by the Economic Development Ministry and organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has today commenced here with attendance of visiting speaker of the Litnuania`s Seimas Irena Degutiene. The event......

Azeri PM meets speaker of Lithuanian Seimas

09.02.2011 | Readed: 1121

On February 8th Azerbaijan`s Prime Minister Artur Rasizade met with the Lithuanian delegation led by Speaker of the Seimas Irena Degutiene. The PM expressed satisfaction with development of relations between the two countries. Mr. Rasizade praised the interaction in the political......

Azerbaijan and Hungarian Chambers of Auditors sign MoU

09.02.2011 | Readed: 987

The Azerbaijan`s Chamber of Auditors and the Chamber of Hungarian Auditors have signed a memorandum of understanding for cooperation. The document provides for development of cooperation in the field of audit, experience exchange in auditing services and joint activities in this field.......

Azerbaijan and France boost parliamentary cooperation

08.02.2011 | Readed: 1014

Speaker of Milli Majlis Ogtay Asadov met with members of France-Azerbaijan working group. Mr. Asadov said relations between Azerbaijan and France were rapidly developing. He said the first foreign visit of President Ilham Aliyev to France as the head of state is a vivid evidence of......

Azerbaijan Central Bank to issue gold memorial coin devoted to 20th anniversary of country`s independence

05.02.2011 | Readed: 1060

The Central Bank of Azerbaijan will issue gold memorial coin devoted to the 20th anniversary of Azerbaijan`s independence. The issuance of the coin will be implemented in accordance with the President`s order on the 20th anniversary of restoration of state independence of the Azerbaijan......

Azerbaijan is the only country in CIS not underwent economic crisis, Sergey Lebedev

03.02.2011 | Readed: 1043

"Azerbaijan is the only country in CIS not underwent economic crisis. The country could have GDP growth despite of world economic crisis", Sergey Lebedev, the CIS Executive Secretary said, according to the Russian "Rossiyskaya Qazeta". Noting the crisis have mainly impacted the......

Baku hosts Azerbaijan-Greece intergovernmental commission`s third meeting

03.02.2011 | Readed: 989

The third meeting of Azerbaijan-Greece intergovernmental commission on cooperation in economic, industry and technological spheres has been held today here. Addressing the event, co-chair of Azerbaijan-Greece intergovernmental commission, Industry and Energy Minister Natig Aliyev said the......

Azerbaijan and Austria boost cooperation

29.01.2011 | Readed: 963

Azerbaijan`s FM Elmar Mammadyarov met chairman of the Federation of Austrian Industries Veit Sorger to discuss issues of the bilateral cooperation, the ministry said. Mr. Sorger hailed dynamic development of Azerbaijan`s economy and opportunities to make investments in this field. Mr.......

Azerbaijani ambassador in Canada makes presentation about his country in Ottawa

28.01.2011 | Readed: 1065

Azerbaijan`s ambassador in Canada Farid Shafiyev made a presentation about "Energy Security and pipeline politics: Azerbaijani perspectives" in an event organized by Society for International Development, Ottawa Gatineau Chapter, in Ottawa. In his presentation, the diplomat gave general......

SOFAZ receives 12 932.6 mln. manats from implementation of oil and gas agreements

28.01.2011 | Readed: 1011

According to Executive Director of the State Oil Fund of Azerbaijan Shahmar Movsumov, the Fund`s revenue of 12 932.6 mln. manats was received from implementation of oil and gas agreements, including 12 761.1 mln. manats from the sale of profit oil and gas, 158.7 mln. manats from......

Poland-Azerbaijan audit symposium kicks off in Baku

28.01.2011 | Readed: 998

A Poland-Azerbaijan scientific and practical symposium called "Major problems of audit in contemporary world" has started in Baku. The symposium is co-organized by the Azerbaijani Economists Union, Chamber of Auditors, Azerbaijan University and the Polish National Chamber of Statutory......

Der Spiegel: EU highly values contribution of Azerbaijan to Nabucco project

27.01.2011 | Readed: 1020

The European Commission has expressed support for the Nabucco European pipeline project. An article about the prospects of the project was published in Der Spiegel magazine (Germany). The article says that, according to Energy Commissioner Günther Oettinger, the construction of the......

Tbilisi hosts meeting on Baku-Tbilisi-Kars railway project

26.01.2011 | Readed: 949

Members of the coordinating council for the Baku-Tbilisi-Kars railway project came together here Tuesday. The Azerbaijan delegation is led by Transport Minister Ziya Mammadov and Georgian one by Georgian Minister of Development and Infrastructure Ramaz Nikolaishvili. The meeting of both......

Baku to host Poland-Azerbaijan audit symposium

25.01.2011 | Readed: 1006

A Poland-Azerbaijan scientific and practical symposium called "Major problems of audit in contemporary world" will be held on January 27-28 in Baku. The symposium will be co-organized by the Azerbaijani Economists Union, Chamber of Auditors, Azerbaijan University and Polish National......

Azeri Industry and Energy Minister, EU Energy Commissioner sign protocol of intent

15.01.2011 | Readed: 1006

A protocol of intent was signed between Azerbaijan`s Industry and Energy Minister Natig Aliyev and EU Energy Commissioner Gunther Oettinger. Prior to the signing ceremony, Natig Aliyev and Gunther Oettinger had conversation during which the Azeri Minister briefed Commissioner on the......

Euronews officials tour Sangachal terminal

14.01.2011 | Readed: 1058

Chairman of the Supervisory Board of Euronews TV channel Pier Luigi Malesani and Chief Executive Officer Philippe Cayla have visited the Sangachal Terminal, one of the world's largest integrated oil and gas processing terminals, as part of their Azerbaijan trip. Located 45km south of......

Azerbaijan, Iran: relations high level

13.01.2011 | Readed: 952

On January 12th Azerbaijan`s Foreign Minister Elmar Mammadyarov met Iranian minister of petroleum Seyed Masoud Mir Kazemi. Mammadyarov congratulated the Iranian minister on his country`s assuming Presidency of OPEC in 2011, and wished him successes in this period. Seyed Masoud Mir......

Canadian magazine highlights Azerbaijan`s economic accomplishments

13.01.2011 | Readed: 1001

The "Diplomat and International Canada" magazine has published an article "Azerbaijan, Georgia, Armenia: East confronts West" by Fen Osler Hampson, Director of the Norman Paterson School of International Affairs, Carleton University, Ottawa. According to the Azerbaijani embassy to......

Ministry of Taxes introduces new service Video Guide

11.01.2011 | Readed: 1089

The official web page of the Ministry of Taxes of Azerbaijan www.taxes.gov.az has introduced a new section Video Guide for its users. The new section, which will be functioning in Azerbaijani, Russian and English, is aimed at......

SOCAR over-fulfils plan on gas delivery in 2010

08.01.2011 | Readed: 1001

SOCAR delivered 909,982 million cubic meters (mcm) of gas to the state gas supply system in December. 22,190 mcm of gas was injected and 160,961 mcm of gas was collected out during December. A total of 1,048,753 billion cubic meters of gas was consumed in December. Of this total, 932,830 mcm of......

Azeri Prime Minister meets Kyrgyz delegation

30.12.2010 | Readed: 942

Azerbaijan`s Prime Minister Artur Rasizade met first deputy premier of Kirgizstan Omurbek Babanov. Mr. Rasizade updated the economic and political achievements of the country. He stressed a necessity to boost cooperation in the fields of economy, culture and science. Mr. Babanov......

President Ilham Aliyev endorses 2011 budget of State Oil Fund

29.12.2010 | Readed: 944

President of Azerbaijan Ilham Aliyev signed an order to endorse the 2011 budget of the State Oil Fund of the Azerbaijan Republic (SOF). Under the order, SOF`s revenues will be AZN 9,132,941,000 and expenditures 6,886,155,400 SOF`s revenue of 8,349,564,100 manats will come from the......

ECO countries` foreign ministers gather in Istanbul

23.12.2010 | Readed: 934

On the threshold of the Economic Cooperation Organization`s XI Summit the foreign minister of member countries held their 19th meeting. Azerbaijan`s foreign minister Elmar Mammadyarov took part at the event. As stated, in the meeting the ECO foreign ministers council presidency passed From......

Chairman of Nakhchivan Supreme Assembly meets Korean ambassador to Azerbaijan

22.12.2010 | Readed: 1049

Chairman of Supreme Assembly of the Nakhchivan Autonomous Republic Vasif Talibov has met Korean ambassador to Azerbaijan Lee Chi-han. The chairman of Supreme Assembly informed the ambassador about the Autonomous Republic`s status, economy, science and education. Lee Chi-han said the......

Azeri Premier views Uzbekistan`s National Exhibition in Baku

05.12.2010 | Readed: 1044

On December 4th Prime Minister of Azerbaijan Artur Rasizade visited the first National Exhibition of Uzbekistan launched here. Uzbek Deputy Premier, Minister of Foreign Economic Relations, Investments and Trade Elyor Ganiev informed Rasizade about the products demonstrated at the......

Baku to host international conference on Caspian climate

01.12.2010 | Readed: 959

An international conference on "Management of the climate change mitigation initiatives of Caspian oil and gas companies - an inter-regional exchange of experience" is kicking off today in Azerbaijan`s capital. The conference is co-organized by the State Oil Company of Azerbaijan Republic......

Azeri Premier meets polish deputy PM

25.11.2010 | Readed: 930

Azerbaijan`s Prime Minister Artur Rasizade met with Deputy Premier of Poland Valdemar Pawlak. Rasizade praised political and cultural relations between the two states, adding "there is a good potential to increase economic cooperation". The Azeri Premier expressed confidence......

Azerbaijan, ADB discuss cooperation plans

24.11.2010 | Readed: 967

Finance Minister of Azerbaijan Samir SHarifov met with new Asian Development Bank`s country director for Azerbaijan Olly Norojono on Tuesday.  The meeting discussed present state of Azerbaijan-ADB relations including future cooperation plans. Norojono pointed out the ADB is......

Hillary Clinton: We are working to secure new sources of natural gas for Europe by expanding cooperation with partners in Middle East and Caspian region

21.11.2010 | Readed: 1059

We are working to secure new sources of natural gas for Europe by expanding cooperation with partners in the Middle East and the Caspian region, including Azerbaijan; a new supply route through Georgia, Turkey, and into Europe, U.S. Secretary of State Hillary Clinton said in her remarks at the......

‘Belarus eager to get Azerbaijan oil using swap scheme'

21.11.2010 | Readed: 988

Belarus suggests purchasing oil from Azerbaijan using a swap scheme, said President of Belarus Alexander Lukashenko as he met with President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev. The Belarusian head of state was thankful to the President of Azerbaijan for......

SOFAZ`s assets reach USD 21 720.8 mln

07.11.2010 | Readed: 944

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2010 reached 9 578.2 mln manats, while budget expenditures constituted 3 944.6 mln manats. Revenue of 9 458.7 mln manats was received from implementation of oil and gas......

Azerbaijan`s National Exhibition in Tashkent ‘very well' organized

07.11.2010 | Readed: 966

Uzbek Deputy Premier, Minister of Foregin Economic Relations, Investments and Trade Elyer Ganiyev said in his meeting with Azeri Economic Development Minister Shahin Mustafayev that National Exhibition of Azerbaijan in Tashkent has been very well organized. Ganiyev said it was the wise......


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