Economy

Akkord Corporation`s employees get highest presidential awards

06.07.2012 | Readed: 1148

A meeting with constructors who were given awards in accordance with President Ilham Aliyev`s order №2151 signed on April 10, 2012 on the occasion of "Constructors' Day" was held in the Cabinet of Ministers of the Republic of Azerbaijan on July 3.{nl}Participating in the meeting......

Azerbaijani Premier meets Hungarian counterpart

01.07.2012 | Readed: 980

On June 30th Azerbaijan`s Prime Minister Artur Rasizade met visiting Hungarian counterpart Viktor Orban.{nl}Rasizade said Azerbaijan and Hungary have good potential to develop economic relations.{nl}The Azerbaijani Premier noted Orban`s visit would open a new stage in development......

Azerbaijan, Turkey discuss prospects of cooperation in agrarian sector

30.06.2012 | Readed: 1057

On June 29th Azerbaijan's Prime Minister Artur Rasizade met visiting delegation led by the Turkish Food, Agriculture and Livestock Minister Mehmet Mehdi Eker. During the meeting, the sides touched upon the existing business relations between the agrarian sectors of the two brotherly......

"Vesti" TV Channel airs report on "Russian-Azerbaijani dialogue-2012" forum

30.06.2012 | Readed: 1060

The Russian TV Channel "Vesti" prepared a report on the 3rd Russian-Azerbaijan interregional forum held in Baku.  The channel accentuated on final declaration of the forum, where necessity of signing of long-term program on economic cooperation between the two states was stressed.......

Azerbaijan and Russia sign documents

29.06.2012 | Readed: 1062

A number of documents were signed here within the 3rd Russian-Azerbaijani interregional forum. Rectors, Shamsaddin Hajiyev of Azerbaijan State Economics University and Igor Maksimtsev of Saint-Petersburg State University of Economics and Finance signed an agreement on cooperation.......

Ramiz Mehdiyev: "Russian community is binding link between Azerbaijan and Russia"

29.06.2012 | Readed: 967

"At present, Azerbaijan is home to the largest Russian community in the South Caucasus. The Russian community is a real link between Azerbaijan and Russia." The statement came on Thursday from the Head of Azerbaijan's Presidential Administration, academician Ramiz Mehdiyev at the Third......

Sergei Subbotin: "Azerbaijan is strategic partner of North Caucasus"

29.06.2012 | Readed: 1091

Azerbaijan is a strategic partner of the North Caucasus. The statement came from Sergey Subbotin, Deputy Plenipotentiary Representative of Russian President in the North Caucasus Federal District, who was speaking Thursday at the Third Russian-Azerbaijani Inter-Regional Forum......

Azerbaijan`s Premier meets former and incumbent Country Directors of World Bank`s regional office in South Caucasus

20.06.2012 | Readed: 1031

On June 19th Azerbaijan`s Prime Minister Artur Rasizade met with Asad Alam, former Country Director of the World Bank`s regional office in South Caucasus. Asad Alam expressed his gratitude to Artur Rasizade on his attention for development of relations between Azerbaijani government and......

Baku hosts Azerbaijan-Russia business forum

20.06.2012 | Readed: 1037

On June 19th an Azerbaijan-Russia business forum was held here.{nl}The event was organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO) with support of the Economic Development Ministry.{nl}The forum was held as part of the visit of Russian delegation led by......

Azerbaijani Industry and Energy Minister meets Kabardino-Balkaria`s Deputy Premier

20.06.2012 | Readed: 1033

Azerbaijan`s minister of industry and energy Natig Aliyev has met Deputy Prime Minister of Kabardino-Balkaria Republic of Russia Kazim Uyanayev.{nl}Aliyev highlighted Azerbaijan`s achievements in oil and gas sector.{nl}"The foundations of Azerbaijan`s successful oil strategy were......

Azerbaijani Minister of Economic Development meets Kabardino-Balkaria`s Deputy Premier

20.06.2012 | Readed: 961

Azerbaijani Minister of Economic Development Shahin Mustafayev met with a delegation led by Deputy Prime Minister of Kabardino-Balkaria Republic of Russia Kazim Uyanayev on Tuesday. The sides discussed prospects of boosting cooperation and investment opportunities between the regions of......

Turkey-Azerbaijan-Georgia business forum held in Kars

10.06.2012 | Readed: 969

The second Turkey-Azerbaijan-Georgia business forum was arranged here.{nl}The forum was attended by Turkey`s Economy Minister Zafer Caglayan, Azerbaijan`s Minister of Economic Development Shahin Mustafayev and Minister of Economy and Sustainable Development of Georgia Vera......

19th meeting of CIS heads of tax services coordinating council underway in Baku

09.06.2012 | Readed: 1009

The 19th meeting of the Coordinating Council of the Heads of Tax Services in the CIS is underway in Baku.{nl}The meeting brought together high-level officials of tax services from Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Ukraine, and observers of the......

UK Prime Minister Cameron: Azerbaijan to play vital role in world economy

09.06.2012 | Readed: 978

The European Azerbaijan Society (TEAS), Azerbaijani expatriates across Europe and friends of Azerbaijan have welcomed the statement made by the UK Prime Minister David Cameron who again acknowledged the ongoing role of Azerbaijan in ensuring the future of international energy security. ......

International Caspian Oil & Gas Exhibition and Conference wraps up in Baku

08.06.2012 | Readed: 1107

The 19th International Caspian Oil & Gas Exhibition and Conference Incorporating Refining and Petrochemicals came to an end on Thursday. The first vice-president of Azerbaijan State Oil Company (SOCAR) Khoshbakht Yusifzade made a report on the topic "Achievements in geological survey......

Azerbaijan, Latvia ink memorandum of understanding on cooperation in agricultural sphere

08.06.2012 | Readed: 1003

Agriculture Ministries of Azerbaijan and Latvia signed a memorandum of understanding on cooperation. The memorandum was clinched by Azerbaijani Minister of Agriculture Ismat Abbasov and his Latvian counterpart, who is on a visit in Baku, Laimdota Straujuma. The sides also discussed......

9th Caspian International Oil and Gas Exhibition kicks off in Azerbaijan

07.06.2012 | Readed: 995

On June 6th the 19th Caspian International Oil and Gas Exhibition kicked off in Baku.{nl}As is reported, the conference has brought together 5550 delegates, as well as senior officials from various countries and representatives of leading companies in the oil and gas industry of the......

Azerbaijan to open 23 thousand jobs

07.06.2012 | Readed: 935

According to Rashid Javanshir President of BP-Azerbaijan who attends 19th International Caspian Oil and Gas Conference, 23 thousand new jobs will be opened as part of the "Sahdeniz" stage 2 development The second stage of Azerbaijani Shah Deniz gas field development is the largest......

U.S. Department of State official: If Azerbaijan and Turkmenistan agree on Caspian gas pipeline construction, other countries will not be able to veto the decision

07.06.2012 | Readed: 949

Senior Advisor to Special Envoy for Eurasian Energy at the U.S. Department of State Daniel Stein has said if Azerbaijan and Turkmenistan agree on Caspian gas pipeline construction, then no country will be able to veto the decision.{nl}He spoke at a traditional oil and gas exhibition and......

U.S. Secretary of State meets AmCham members

07.06.2012 | Readed: 910

Within the framework of her Baku visit, U.S. Secretary of State Hillary Clinton today met with members of the American Chamber of Commerce of Azerbaijan (AmCham).{nl}As is stated, while visiting the 19th Caspian International Oil and Gas Exhibition in Baku Expo Center, Mrs. Clinton viewed......

Baku host 19th International Caspian Oil & Gas Exhibition and Conference

05.06.2012 | Readed: 997

The 19th Caspian Oil & Gas Exhibition and Conference, the Caspian Region's largest oil and gas exhibition, starts at the Baku Expo Centre in Azerbaijan.{nl}Over 304 companies from 35 countries have confirmed their participation.{nl}Exhibitors will showcase the latest......

"Azerbaijan as alternative to OPEC partners, is very important for national interests of the USA", Congressman Trent Franks

05.06.2012 | Readed: 1027

Member of the U.S. House of Representatives from Arizona's 2nd District in Washington, the committee-man of defense and justice of the House of Representatives, Congressman-Republican Trent Franks expressed gratitude to Azerbaijan for the carried out policy in region and cooperation with......

SOCAR creates joint venture for oil and gas production in Saudi Arabia

26.05.2012 | Readed: 907

On May 25th Baku State Oil Company of Azerbaijan (SOCAR) and Soroof International Saudi Arabian Company signed memorandum on intentions on SOCAR's participation in long term oil and gas projects in the kingdom.In this connection, SOCAR President Rovnag Abdullayev has receive the head......

Maritime Safety Committee (MSC), 90th session ended

26.05.2012 | Readed: 935

Chief of the State Maritime Administration Gudret Gurbanov has participated at the Organization's London Headquarters for its 90th session from 16 to 25 May 2012. Report of MSC 90 Secretary-General Koji Sekimizu was listened at the meeting. Different international......

Azercell brings 4G high-speed Mobile Internet to Azerbaijan

25.05.2012 | Readed: 1055

On the eve of the second semi-final of the Eurovision 2012 Song Contest, Azercell Telecom presented the latest technology to its subscribers. "The company completed all the necessary procedures for launching the high-speed Mobile Internet services based on 4G technology. Mobile Internet with 4G......

BTC pipeline transported over 193 million tons of oil up to date

24.05.2012 | Readed: 891

The 2012 capital expenditures for the Baku-Tbilisi-Ceyhan (BTC) is $61,7 million. In the first half of the year, BTC spent $7,1 million in capital expenditures. BTC's daily throughput capacity is currently 1.2 million b/d. Since the start-up, June 4, 2006 up to date, 1,870......

Elmar Mammadyarov: Azerbaijan`s Achievement

24.05.2012 | Readed: 879

"Hosting Eurovision in Baku this year helped Azerbaijan demonstrate its progress which the country managed to attain through the years of independence."  The statement came from Azerbaijani Minister of Foreign Affairs Elmar Mammadyarov in the article published in The Wall Street......

Azerbaijani delegation takes part in 5th Astana Economic Forum

24.05.2012 | Readed: 909

A delegation led by Samir Sharifov, Finance Minister of Azerbaijan, has participated in the fifth Astana Economic Forum (AEF) dedicated to the challenges and prospects of world economic development in terms of global transformation. The event is co-organized by the support of the "Eurasian......

Azerbaijani delegation takes part in opening ceremony of 5th Astana Economic Forum

24.05.2012 | Readed: 947

Azerbaijani delegation led by Finance Minister Samir Sharifov attended the official opening ceremony of the Fifth Astana Economic Forum (AEF) dedicated to the challenges and prospects of world economic development in terms of global transformation. The ceremony was attended by the......

FAO completes project "Capacity building in rural development for internally displaced persons and refugees in new settlements of Agdam district in Azerbaijan"

18.05.2012 | Readed: 926

The Azerbaijani officials led by Chairman of the State Committee on Refugees and IDPs Ali Hasanov, MPs, staff of FAO and embassies of Brazil and Switzerland in Azerbaijan visited Agdam region. The aim of the visit is to participate in the trade exhibition dedicated to completion of the......

Baku hosts Azerbaijan-Serbia business forum

17.05.2012 | Readed: 930

Azerbaijan-Serbia business forum organized by Azerbaijan`s Investments and Export Promotion Foundation (AzPROMO) held in Baku. The event brought together businessmen engaged in the fields of agriculture, construction, machine-building, metal-working, telecommunications, furniture, tourism......

ADA presents book "Azerbaijan as a regional hub in Central Eurasia"

16.05.2012 | Readed: 922

A presentation of Taleh Ziyadov`s book "Azerbaijan as a regional hub in Central Eurasia" took place in Azerbaijan Diplomatic Academy (ADA).  Rector of ADA Hafiz Pashayev hoped the studies carried out in the book would make contribution to development of the conception "Azerbaijan 2020:......

Azerbaijan Milli Majlis speaker meets chairperson of Bulgarian National Assembly

15.05.2012 | Readed: 927

On May 14th Speaker of Azerbaijan Milli Majlis Ogtay Asadov met chairperson of the National Assembly of Bulgaria, Tsetska Tsacheva.  First they met in private. Then, the meeting continued in presence of delegations. Asadov said Azerbaijan-Bulgaria relationship had old history. He......

Azerbaijani minister of finance participates in ADB`s annual meeting

08.05.2012 | Readed: 919

The Azerbaijani minister of finance Samir Sharifov participated in the 45th annual meeting of the ADB Board of Governors in Manila, the capital of Philippines.  Sharifov and ADB President Haruhiko Kuroda touched on social and economic development of Azerbaijan, simultaneous economic......

Azerbaijani Finance Minister received IMF mission

03.05.2012 | Readed: 922

Finance Minister Samir Sharifov of Azerbaijan received yesterday the International Monetary Fund mission headed by Nadeem Ilahi. According to the Ministry of Finance, in the meeting the sides discussed the latest economic trends and prospects, the outcome of State Budget implementation in......

Azerbaijan, Korea mull customs cooperation

02.05.2012 | Readed: 989

On May 1st head of the Azerbaijan`s State Customs Committee (SCC) Aydin Aliyev met Commissioner of the Korea Customs Service Joo Yung-sup. Aydin Aliyev updated his Korean counterpart on the SCC`s activity and progress achieved in the past 20 years. He also highlighted the Korean......

Alternative energy may become a new sphere of cooperation between and Azerbaijan`

01.05.2012 | Readed: 924

"Alternative energy may become a new sphere of cooperation between Netherlands and Azerbaijan," said ambassador of Netherlands to Azerbaijan Arjen Peter at the press-conference here.  The ambassador said the Dutch companies successfully cooperate in different fields of Azerbaijan`s......

Azerbaijan ranks first for GDP growth

29.04.2012 | Readed: 932

Experts of Russia`s RIA Novosti news agency has kept statistics of GDP growth around the world countries. Azerbaijan has reached the top of the list, according to the statistics. The GDP was 10202 USD in Azerbaijan in 2011. The statistical table was worked out on the basis of International......

Azerbaijan`s population reaches 9.265m

22.04.2012 | Readed: 952

The population of Azerbaijan grew 0.3 percent in the first quarter of this year to reach 9,264,000 people, the State Statistical Committee announced. According to the official figures, the population density reached 107 people per one square kilometer. Some 49.6 percent of the......

Azerbaijani minister of finance meets WB and IMF officials

22.04.2012 | Readed: 1048

Azerbaijani minister of finance Samir Sharifov met with officials of the World Bank and International Monetary Fund in Washington.  Mr. Sharifov met with WB Vice-President for Eastern Europe and Central Asia Philippe Le Houerou. Mr. Sharifov updated the vice-president on social and......

"Azerbaijan to be functioned as a donor country within FAO"

21.04.2012 | Readed: 1004

"Azerbaijan will be functioned as a donor country within the FAO," said Azeri minister of agriculture Ismat Abbasov during the press-conference dedicated to the 28th Regional Conference for Europe (ERC) of the Food and Agriculture Organization of the United Nations (FAO) in Baku. The......

US Department of State estimates Azerbaijan-US intergovernmental economic cooperation commission`s third session as strategic dialogue

21.04.2012 | Readed: 1026

US Department of State made a statement on results of Azerbaijan-US intergovernmental economic cooperation commission's third session. As earlier reported, Washington hosted the third session of Azerbaijan-US intergovernmental commission on economic cooperation. The session,......


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