Economy

Azerbaijan joins international TransRussia exhibition

20.04.2016 | Readed: 1213

A delegation of the Azerbaijani Railways has participated in the international TransRussia exhibition. The exhibition is the largest business event for transport and logistics services, technologies and......

Natig Aliyev: Contradictions within OPEC prevented success at Doha talks

20.04.2016 | Readed: 1121

The internal contradictions in the OPEC (Organization of the Petroleum Exporting Countries) hampered to achieve success during the talks of oil-producing countries in Doha, said Natig Aliyev, Azerbaijani energy minister. The......

First TAP pipes arrive in Albania

20.04.2016 | Readed: 1477

The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in the Main Marshalling Yard of TAP, in the vicinity of......

Rosselkhoznadzor`s delegation to visit Azerbaijan

14.03.2016 | Readed: 1419

A delegation of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) will visit Azerbaijan on March 14-18. Rosselkhoznadzor experts will inspect the certification system of foods and......

Baku to host Caspian – Black Sea Agrarian Congress

12.03.2016 | Readed: 1379

One of the most significant events of the agricultural sector, Caspian and Black Sea Agrarian Congress will take place in Baku, on April 12-13. The all-Ukrainian public organization Ukrainian Grain Association and the......

Azeri Light sells for 41,06

12.03.2016 | Readed: 1600

Oil prices have again changed on the world markets, with a barrel of Azeri Light crude trading at $41,06.

AZERTAC

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Azerbaijan, Georgia sign four documents on natural gas supply

05.03.2016 | Readed: 1348

President of Azerbaijan`s State Oil Company (SOCAR) Rovnag Abdullayev and Georgian Deputy Prime Minister and Minister of Energy Kakha Kaladze have signed four documents on natural gas supply from Azerbaijan to Georgia. The......

Azerbaijan`s Economy Minister meets IMF delegation

01.02.2016 | Readed: 2584

Azerbaijan`s Minister of Economy Shahin Mustafayev has met a delegation of the International Monetary Fund (IMF). They discussed how to expand cooperation between Azerbaijan and the IMF, unstable situation on the world......

Azerbaijan is working to establish ECO research center, Minister

01.02.2016 | Readed: 2448

“The Institute for Scientific Research on Economic Reforms (ISRER) is currently working to establish a research center of the Economic Cooperation Organization (ECO),” said Azerbaijani Minister of Economy Shahin Mustafayev during his meeting with ECO’s......

European Union wants to see Azerbaijan's products on its market

29.01.2016 | Readed: 2494

European Union has a large market, it wants to see Azerbaijani agricultural products on its market, said Malena Mard, head of EU Delegation in Azerbaijan, in her interview with journalists. She noted that EU market is very......

President Ilham Aliyev: The future of Azerbaijan's economy

22.01.2016 | Readed: 2271

The official website of the World Economic Forum has published an article by President of the Republic of Azerbaijan Ilham Aliyev headlined “The future of Azerbaijan's economy”. AZERTAC presents the......

Oil price on world markets

15.12.2015 | Readed: 3738

The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $2.03 to stand at $37.47. Price of the Brent crude oil at the London ICE......

MONEYVAL approves voluntary report on progress submitted by Azerbaijani government

15.12.2015 | Readed: 3809

As earlier reported, the 49th plenary session of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) was held on December 8-11 in Strasbourg. At the plenary......

Kenan Yavuz: Azerbaijan will completely use throughput capacity of TANAP

15.12.2015 | Readed: 3749

“Azerbaijan will completely use throughput capacity of Trans-Anatolian gas pipeline - TANAP”, Head of SOCAR Turkey Energy Kenan Yavuz told Turkish BloombergHT TV channel. Yavuz said that, TANAP has a balanced throughput......

Azerbaijani diplomat on development of bilateral relations

15.12.2015 | Readed: 3686

Italy’s influential newspaper “La Reppublica” has published the interview with the Azerbaijani diplomat Vugar Hajiyev, counsellor of Azerbaijani Embassy in this country. Touching upon the numerous aspects of bilateral......

Azerbaijan’s First Lady attends Business 20-Women 20 joint panel at G20 Summit in Antalya

17.11.2015 | Readed: 3420

Business 20 - Women 20 joint panel has been held at the G20 Summit in Antalya. Azerbaijan’s First Lady, President of the Heydar Aliyev Foundation Mehriban Aliyeva and Vice-President of the Foundation Leyla Aliyeva attended......

Southern Gas Corridor to be discussed at Energy Summit in Turkey

14.11.2015 | Readed: 3511

The Southern Gas Corridor will be discussed as part of Atlantic Council Energy and Economic Summit, in Istanbul, Turkey. The Summit brings together an influential constituency to foster and strengthen transatlantic......

ICAO Council President visits Azerbaijan

23.10.2015 | Readed: 3463

President of the International Civil Aviation Organization (ICAO) Council Olumuyiwa Benard Aliu is visiting Azerbaijan. He had a meeting with president of Azerbaijan Airlines Jahangir......

Draft law on Azerbaijan`s 2016 State Budget adopted

21.10.2015 | Readed: 3440

A draft law on “State budget of the Republic of Azerbaijan for 2016” has been adopted at a plenary session of the Milli Majlis. Prior to the voting, Azerbaijan`s Minister of Finance Samir Sharifov highlighted some issues......

Azerbaijani Deputy Premier attends Silk Road Forum

16.10.2015 | Readed: 3590

An Azerbaijani delegation led by Deputy Prime Minister Abid Sharifov is attending the Silk Road Forum which kicked off today in Tbilisi. The Forum is an initiative launched by the Georgian government and is supported by the......

Georgy Poltavchenko: A trip to Azerbaijan was productive

05.10.2015 | Readed: 3577

A trip to Azerbaijan was productive, with specific agreements. The statement came from Governor of St. Petersburg Georgy Poltavchenko, AZERTAC said quoting the Nevskie novosti. Summing up the visit of the official delegation of St. Petersburg to Baku, the governor......

Representatives of industrial tourism of Azerbaijan and Saint Petersburg meet in Baku

02.10.2015 | Readed: 3474

An event co-organized by the Ministry of Culture and Tourism of Azerbaijan and St. Petersburg Committee on Tourism Development has been held in Baku as part of the visit of Governor of Saint Petersburg, the Russian Federation, Georgy......

Yekaterinburg hosts 6th Russian-Azerbaijani Interregional Forum

01.10.2015 | Readed: 3474

The 6th Russian-Azerbaijani interregional forum has kicked off at the International Exhibition Center in Yekaterinburg. A large Azerbaijani delegation is attending the forum, including representatives of the Presidential......

Oil price on world markets

19.09.2015 | Readed: 3612

The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.63 to stand at $46.38. Price of the Brent crude oil at the......

Deputy Minister Mehdi Karbasian: Iran interested in developing industrial relations with Azerbaijan

19.09.2015 | Readed: 3535

"Iran is interested in improving industrial relations with Azerbaijan," Mehdi Karbasian, Deputy Minister of Industry, Mine and Trade, Chairman of Mines and Mining Industries Development and Renovation Organization of Iran (IMIDRO) has told journalists as he......

SOCAR joins Romania Downstream 2015 conference

19.09.2015 | Readed: 3543

Romania Representation of State Oil Company of Azerbaijan has attended "Romania Downstream 2015: Refine your strategy – turn crude oil into value" conference The event, organized by the country's influential Petroleum......

Fitch affirms Azerbaijan at 'BBB-'; Outlook Stable

01.09.2015 | Readed: 3684

Fitch Ratings has affirmed Azerbaijan's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' with a Stable Outlook, the international rating agency said. The issue ratings on Azerbaijan's senior......

First test container train arrives in Baku on Shikhezi-Dostik-Aktau-Alat route

04.08.2015 | Readed: 4035

The first test container train "Nomand express" has today arrived at Baku International Sea Port from China on Shikhezi (China)-Dostik-Aktau-Alat route. The ceremony to welcome the train was attended by First Deputy Premier......

Standard & Poors approves credit rating for Azerbaijan

01.08.2015 | Readed: 4012

Standard & Poors credit rating for Azerbaijan stood at BBB-. Fitchs credit rating for Azerbaijan is BBB-. "The Euro decreased to 1.10 US dollars in July from 1.11 in June of 2015.......

SOCAR President meets Georgian Premier

28.07.2015 | Readed: 4012

President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met Georgian Prime Minister Irakli Garibashvili as part of his visit to the country. They discussed economic relations, investment, joint projects......

Iran to host 5th International Conference on Management of Technology

28.07.2015 | Readed: 4009

The 5th International Conference on Management of Technology (IRAMOT 2015) will be held in Iran on December 16-17. The conference topics include Strategy Technology Planning, Management of Technology Transfer and Learning,......

UN chief: Major step forward with Addis Ababa Action Agenda

21.07.2015 | Readed: 3937

A major step forward in building a world of prosperity and dignity for all has been achieved, said the UN Secretary-General Ban Ki-moon, according to the United Nations Radio. Ban Ki-moon was commenting on the outcome of the......

Two new contracts signed on "Shah Deniz Stage 2” project

24.06.2015 | Readed: 4433

Two new contracts worth $363 million have been signed on "Shah Deniz Stage-2" project. According to bp-Azerbaijan, Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects continue to move forward at pace with significant progress already achieved......

Oil price on world markets

24.06.2015 | Readed: 4348

The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.41 to stand at $60.38. Price of British......

TAIEX workshop on managing flow of passengers and cargo during major sport events launched in Baku

22.05.2015 | Readed: 2249

  The European Union (EU)......

Azerbaijani ICT Minister meets President of TeliaSonera

06.05.2015 | Readed: 2201

Azerbaijan`s Minister of Communications and High Technologies Ali Abbasov has met a delegation led by President and CEO of group of companies TeliaSonera Johan......

Samir Sharifov: Azerbaijan for the short period transformed from a low-income to a middle-income country

05.05.2015 | Readed: 2255

  Azerbaijan for the short......

Baku hosts ADB Governors’ 48th Annual Meeting

04.05.2015 | Readed: 2111

  On May 2nd, the 48th......

Belgian companies keen in expansion of energy cooperation with Azerbaijan

30.04.2015 | Readed: 2117

  On April 29th President......

Azerbaijani delegation attends 7th World Water Forum

16.04.2015 | Readed: 2265

Azerbaijani delegation is attending the 7th World Water Forum held in Korean Daegu and Gyeongju......

Azvirt to be hired on more infrastructure projects in Serbia

16.04.2015 | Readed: 2044

Serbia invites Azerbaijani companies to build a ring road around Belgrade, Prime Minister of Serbia Aleksandar Vucic said during the Azerbaijani-Serbian business......

18th Eurasian Economic Summit kicks off in Turkey

09.04.2015 | Readed: 2020

On April 8th, the 18th Eurasian Economic Summit started in......


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