Economy

Azerbaijani PM meets Slovenian counterpart

17.01.2013 | Readed: 1750

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: 1860

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......

Azerbaijan`s Minister of Communications and Information Technologies meets Swedish Ambassador

26.12.2012 | Readed: 1727

Azerbaijan`s Minister of Communications and Information Technologies Ali Abbasov has met Swedish ambassador Michael Ericsson. Michael Ericsson highlighted the reforms in the ICT sphere, as well as regional projects carrying out in the country. He also noted......

German Development Bank (KfW) and Government of Azerbaijan sign credit agreement

21.12.2012 | Readed: 1757

On December 20th in the meeting held at the Cabinet of Ministers of Azerbaijan, chaired by the deputy premier Abid Sharifov, the German Development Bank (KfW) and the Government of Azerbaijan signed a credit agreement to finance the Ganja-Sheki water-sewerage......

SOFAZ starts property spree in London

19.12.2012 | Readed: 1918

The State Oil Fund of Azerbaijan (SOFAZ) confirmed on Monday that it had acquired a £180m office block on St James`s Street as the maiden purchase in its bid to build a European real estate portfolio. The deal is the latest example a foreign government......

Azerbaijan, Argentine discuss expansion of cooperation in customs sphere

18.12.2012 | Readed: 1577

On December 17th Azerbaijan and Argentine explored ways of developing cooperation, as Chairman of the State Customs Committee, customs service Lieutenant General Aydin Aliyev has met Head of the Federal Administration of Public Revenue in Argentina Ricardo......

Event to mark 20th anniversary of cooperation between WB and Azerbaijan held

16.12.2012 | Readed: 1277

  An event celebrating 20th anniversary of cooperation between the World Bank (WB) and Azerbaijan has been held. The event featured the period of cooperation beetween Azerbaijan and the World Bank. Touching uopn the 20 years......

BSEC FMs convene in Istanbul

16.12.2012 | Readed: 1132

Istanbul hosted the 27th Meeting of the Council of Ministers of Foreign Affairs of the BSEC. Azerbaijan`s delegation at the event was headed by Foreign Minister Elmar Mammadyarov. The meeting saw Ukraine take over the chairmanship of the council from Turkey......

ADB`s new partnership strategy on Azerbaijan to be signed next year

14.12.2012 | Readed: 1383

New partnership strategy of the Asian Development Bank (ADB) on Azerbaijan will be signed next year, said Resident Representative of the Bank for Azerbaijan Olly Norojono at a press conference dedicated to outcomes of the bank`s activity in Azerbaijan in......

Azerbaijan, Asian Development Bank discuss cooperation

11.12.2012 | Readed: 1699

Azerbaijan and Asian Development Bank (ADB) have explored ways of developing cooperation as the country`s Finance Minister Samir Sharifov the bank`s Director General for Central and West Asia Klaus Gerhauzer. They discussed common directions of the......

Discussions on the theme “Azerbaijan - Eurasian Centre of Silk Road” held in Washington

08.12.2012 | Readed: 1209

Azerbaijani Ambassador to the United States Elin Suleymanov delivered a lecture on the theme “Azerbaijan: Eurasian center of Silk Road” at the Rumi Forum for Interfaith and Intercultural Dialogue in Washington. The diplomat touched on Azerbaijan’s......

Istanbul hosts Caspian forum on energy and security

07.12.2012 | Readed: 1199

Politicians and energy experts are discussing energy and security issues at a Caspian forum which kicked off in Istanbul, Turkey on December 6th. The forum is organized by the International Institute for Strategic Studies (IISS), Turkish International......

Prime Minister of Latvia visits Sangachal oil terminal

01.12.2012 | Readed: 1271

On November 30th Prime Minister of Latvia Valdis Dombrovskis visited the Sangachal oil terminal. The tour began from the Caspian Energy Center which was established to increase youth interest in oil-gas sector. Valdis Dombrovskis was told that large-scale energy projects had been......

Milli Majlis adopts state budget for 2013

01.12.2012 | Readed: 1129

The Parliament of Azerbaijan adopted the state budget for 2013.  Speaking at the session in the Parliament, Finance Minister of Azerbaijan, Samir Sharifov noted that the analysis of deputy proposals part of which was taken into account was held while elaborating the budget. By other......

Baku hosts Azerbaijan-Serbia business forum

27.11.2012 | Readed: 1177

On November 26th Baku hosted an Azerbaijan-Serbia business forum organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO).  The forum brought together officials, as well as the two countries` businessmen from the fields of construction, food industry, agriculture,......

Azerbaijani Finance Minister meets Secretary General of Black Sea Trade and Development Bank

27.11.2012 | Readed: 1234

On November 26th Azerbaijan`s Finance Minister Samir Sharifov met Secretary General of Black Sea Trade and Development Bank (BSTDB) Orsalia Kalantzopoulos. They expressed satisfaction on the fruitful development of the relations between Azerbaijan and the BSTDB, adding this cooperation had......

3rd Black Sea trade and investment forum held in Baku

27.11.2012 | Readed: 1210

Within the Parliamentary Assembly of the Black Sea Economic Cooperation summit, the III Black Sea Trade and Investment Forum is underway in Baku. The forum is attended by representatives of the business circles of the 12-member organization. The ceremony on the occasion of the Forum was......

"Azerbaijan is a rapidly developing country in the region"

27.11.2012 | Readed: 1146

Azerbaijan is a rapidly developing country in the region, Speaker of Grand National Assembly of Turkey Cemil Cicek said Monday at a meeting with Speaker of Azerbaijan National Assembly Ogtay Asadov.  Cicek underscored the role of legislative bodies of the two countries in boosting......

PABSEC General Assembly`s 40th plenary session kicks off in Baku

27.11.2012 | Readed: 1172

The 40th Plenary Session of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) started in Baku.  Opening the session, President of PABSEC and Speaker of the Azerbaijani Parliament Ogtay Asadov noted that such meetings foster development of multilateral relations......

Azerbaijan, Serbia: trade turnover rose by 15 times in Jan-Sept

27.11.2012 | Readed: 1144

"Trade turnover between Azerbaijan and Serbia has increased by 15 times in the first nine months of this year, compared with the same period of last year", Azerbaijani Minister for Economic Development Shahin Mustafayev said during Azerbaijan-Serbia business forum held in Baku. The......

Socar President Rovnag Abdullayev gives interview to Azerbaijani service of BBC and Dow Jones

24.11.2012 | Readed: 1185

President of the State Oil Company of Azerbaijan Republic (Socar) Rovnag Abdullayev on Thursday gave interview to the Azerbaijani service of BBC and Dow Jones, one of the world's most trusted publishers of accurate financial news and business.  In an interview Abdullayev described......

Azerbaijan`s IT minister meets Speaker of the Illinois House of Representatives

20.11.2012 | Readed: 1133

On November 19th minister of communication and information technology of Azerbaijan Ali Abbasov met with the visiting Speaker of the Illinois House of Representatives Michael J. Madigan. Abbasov updated the American guest on the works done in the field of information technology in the......

Baku hosts 5th CIS International Banking Conference

16.11.2012 | Readed: 1150

On November 15th the 5th CIS International Banking Conference entitled "The financial markets of CIS: new opportunities and global risks" kicked off in Baku. Head of Azerbaijan`s Presidential Administration, academician Ramiz Mehdiyev, also attended the conference, organized by CIS......

Azerbaijan`s Minister of Finance meets Director of IMF`s Middle East and Central Asia Department

16.11.2012 | Readed: 1069

On November 15th Azerbaijan`s Minister of Finance Samir Sharifov met a delegation led by Director of the International Monetary Fund`s Middle East and Central Asia Department Masood Ahmed. They discussed Azerbaijan`s economic prospects, priorities of the country`s economic policy,......

Ambassador: Great Britain is proud of being largest foreign investor in Azerbaijan

16.11.2012 | Readed: 1175

British Ambassador in Baku Peter Bateman has said his country is proud of being the largest foreign investor in Azerbaijan. "Great Britain is proud of its status of the largest foreign investor in Azerbaijan. This relationship serves to the benefit of both countries` people," he said.......

Baku hosts Azerbaijan-UAE business forum

15.11.2012 | Readed: 1200

An Azerbaijan-United Arab Emirates business forum was took place here. The forum was supported by country`s Ministry of Economic Development and organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Dubai Chamber of Commerce and Industry. The event......

Azerbaijan attaches great importance to cooperation with IMF

09.11.2012 | Readed: 1151

On November 8th Azerbaijani Minister of Finance Samir Sharifov met with a delegation led by Raja Almarzoqi, International Monetary Fund`s new Mission Chief to the country.  During the meeting, they discussed a wide range of issues, including the macroeconomic trends and prospects, the......

Baku hosts Azerbaijan-US ICT forum

08.11.2012 | Readed: 1168

Baku hosts Azerbaijan-US information-communication technology forum organized by Azerbaijan Communication and Information Technologies Ministry and US Embassy to Azerbaijan. The forum is attended by the employees of the Communication and Information Technologies Ministry, statesmen and......

Azerbaijan`s Oil Fund to finance TANAP

08.11.2012 | Readed: 1289

Azerbaijan`s State Oil Fund (SOFAZ) has said it will finance the building of Trans-Anatolian Gas Pipeline (TANAP).  Speaking at a joint meeting of parliamentary commissions, SOFAZ Executive Director Shahmar Movsumov said the Fund would allocate the money from its 2013 budget for the......

Internet Governance Forum gets underway in Azerbaijan

07.11.2012 | Readed: 1247

The 7th Internet Governance Forum kicked off in Azerbaijan's capital Baku on November 6. The United Nations Under-Secretary-General for Economic and Social Affairs Wu Hongbo in his opening address expressed gratitude to the Azerbaijani President Ilham Aliyev for the high-level......

Minister Ali Abbasov: "Azerbaijan is actively involved in Internet development"

06.11.2012 | Readed: 1189

"Azerbaijan is actively involved in the development of Internet and a number of Facebook users in Azerbaijan grows approaching one million," Minister of Communications and Information Technologies Ali Abbasov said at the ministerial meeting as part of the Internet Governance Forum (IGF) in......

Azerbaijan, Bulgaria sign memorandums of understanding on cooperation

06.11.2012 | Readed: 1169

On November 5th Azerbaijan`s "Azvirt" and Bulgarian "Trace Group", "Dynamic" construction companies, as well as Azerbaijan`s "Caspian Service" and Bulgarian "Dynamic Group", "Biad Company" signed memorandums of understanding on cooperation on the sidelines of an Azerbaijan-Bulgaria......

PASHA Bank attends SIBOS forum - 2012

31.10.2012 | Readed: 2717

PASHA Bank, a leading corporate bank in Azerbaijan, participates in the largest international financial forum SIBOS opened on Monday in Osaka city of Japan. "This is the third international forum SIBOS, that we actively participate in. Such events support development of new business......

Azerbaijan, Belarus discuss development of cooperation

31.10.2012 | Readed: 1142

On October 30th Prime Minister of Azerbaijan Artur Rasizade met a Belarusian delegation led by First Deputy Prime Minister Vladimir Semashko.  They discussed issues related to development of cooperation between the two countries. They said reciprocal visits by the two countries`......

Azerbaijan 67th in WB`s Doing Business-2013

24.10.2012 | Readed: 1249

Doing Business 2013, an annual World Bank and International Financial Corporation (IFC) report on freedom of enterprise, has been published ranking Azerbaijan 67th among 185 countries. According to the Ministry of Economic Development, Azerbaijan was 18th for "creation of institution"......

Baku hosts 6th International Caspian Oil and Gas Trade and Transport Conference

16.10.2012 | Readed: 1124

On October 15th Baku is hosting the 6th International Caspian Oil and Trade and Transport conference. 
The conference is aimed at providing an insight into latest news in oil and gas industry, and exploring prospects for energy projects in the Caspian Sea.

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Uzbekistan and Azerbaijan interested in expansion of mutual relations

12.10.2012 | Readed: 1214

On October 11th Baku hosted an Azerbaijan-Uzbekistan business forum within the visit of Uzbek delegation headed by Uzbek PM Deputy Ulugbek Rozukulov. The entrepreneurs from Uzbekistan operating in the fields of agriculture, heavy industry, textiles, building materials, agricultural machinery......

Azerbaijan`s Premier meets co-chairman of Uzbekistan`s intergovernmental commission

10.10.2012 | Readed: 1204

On October 9th Azerbaijan's Prime Minister Artur Rasizade met co-chairman of Uzbekistan`s intergovernmental commission Ulugbek Rozigulov.  They noted that the historical friendship relations between Azerbaijan and Uzbekistan were in high level and stressed that the current relations......

Baku hosts Hungary-Azerbaijan business forum

10.10.2012 | Readed: 1177

Azerbaijani and Hungarian businessmen have come together in Baku to discuss prospects for building cooperation in a variety of areas. Some 130 businessmen from the fields of agriculture, textile, construction and food industries took part in the event organized by Azerbaijan Export &......

Azeri Premier meets head of Uruguayan Customs Service

02.10.2012 | Readed: 1198

On October 1st Azerbaijan`s Prime Minister Artur Rasizade met head of Uruguayan Customs Service Enrique Gilberto Canon Pedragosa. Pedragosa said he was happy with his visit to Azerbaijan. The head of Uruguayan Customs Service noted he had eye-witnessed big construction work in......

Azerbaijan, Uruguay: Customs officials meet

02.10.2012 | Readed: 1198

On October 1st chairman of the State Customs Committee, customs service Lieutenant General Aydin Aliyev met Head of Customs Service of Uruguay Enrique Canon Pedragosa. Mr. Aliyev briefed Enrique Canon Pedragosa on development way of Azerbaijan`s customs service. The Azeri Chairman......

SOFAZ announces lack of investments in securities and other financial tools in Hungary

04.09.2012 | Readed: 1180

The State Oil Fund of Azerbaijan (SOFAZ) has issued an official statement on the occasion of rumors on its investments in Hungary.
According to SOFAZ\'s statement, State Oil Fund has no investments in securities and other financial instruments in Hungary.

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