Economy

AzVirt to build highway in Serbia

10.04.2012 | Readed: 2962

Director of the Koridori Srbije Company Mihajlo Misic inked Saturday evening with representatives of the Azerbaijani company AzVirt an agreement on construction of a E-763 highway section through Serbia. AzVirt Director Kamil Aliyev said after the signing ceremony that he expects great......

ICT Ministry hosts board meeting on Eurovision-2012

10.04.2012 | Readed: 827

Azerbaijan`s Information Technology and Communication Ministry has held its board meeting presided over by Minister Ali Abbasov on the progress achieved to ensure the sustainable operations of TV and radio broadcasting and other communication services during the Eurovision-2012 song......

Azerbaijan`s Premier meets Ukrainian counterpart

05.04.2012 | Readed: 822

Azerbaijan's Prime Minister Artur Rasizade met with the visiting Ukrainian Premier Mykola Azarov.  Premier Rasizade noted that there is good potential for wider cooperation between the two countries and highly estimated current visit of the Ukrainian delegation to Azerbaijan. ......

Azerbaijan joins Floriade-2012 exhibition

05.04.2012 | Readed: 856

A Floriade world horticultural expo 2012 opened in Venlo, The Netherlands on Wednesday. According to the Azerbaijan Republic Chamber of Commerce and Industry, about 50 countries and international organizations participated in the event. Azerbaijan showcased its potential in 700 sq.......

Azerbaijani Premier meets Lithuanian delegation

03.04.2012 | Readed: 836

On April 2nd Prime Minister of Azerbaijan Artur Rasizade met the Lithuanian delegation led by Foreign Minister Audronius Ažubalis. During the conversation Rasizade pointed out relations between the two countries develop steadily, expressing assurance such visits would contribute to......

Azerbaijan plays important role in energy security of Europe

03.04.2012 | Readed: 922

Azerbaijan plays an important role in energy security of Europe, and is distinguished from other countries by its political and democratic development, co-president of the Euronest PA Christian Vigen said at a meeting with speaker of Azerbaijan Milli Majlis Ogtay Asadov. Vigen added the European......

Turkey`s "Zaman" newspaper publishes article on energy policy in Caspian-Black Sea basin by Azerbaijani professor

28.03.2012 | Readed: 894

Turkey`s "Zaman" newspaper published an article on energy policy in the Caspian-Black Sea basin by the Azerbaijani professor Ali Hasanov.  The article features information on creation of new geopolitical and geo-economic conditions in the light of export of rich energy resources from......

Tajik President receives Azerbaijan`s Minister of Economic Development

06.03.2012 | Readed: 951

On March 5th President of Tajikistan Emomali Rahmon received Azerbaijan`s Minister of Economic Development Shahin Mustafayev on the sidelines of the first meeting of the Azerbaijani-Tajik intergovernmental commission on trade and economic cooperation here. According to the Tajik......

Azerbaijan, Tatarstan: reciprocal visits promote development of relations

06.03.2012 | Readed: 890

On March 5th Azerbaijan`s Prime Minister Artur Rasizade met the delegation led by the Premier of the Republic of Tatarstan of the Russian Federation Ildar Khalikov.  Development of the two countries` bilateral relations, as well as the business ties were in focus. Rasizade......

Dushanbe hosts 1st meeting of Azerbaijan-Tajikistan Intergovernmental Commission on trade and economic cooperation

06.03.2012 | Readed: 938

The first meeting of Azerbaijan-Tajikistan Intergovernmental Commission on trade and economic cooperation was held Monday in Dushanbe. Azerbaijan`s delegation at the event was headed by co-chair of the Commission, Economic Development Minister Shahin Mustafayev. Addressing the......

Azerbaijan`s Ministry of Economic Development and Belarus Economy Ministry sign cooperation agreement

23.02.2012 | Readed: 894

On February 22nd Azerbaijan`s Ministry of Economic Development and Belarus Economy Ministry signed an agreement of cooperation. The document was signed by Azerbaijani Economic Development Minister Shahin Mustafayev and Belarus Economy Minister Nikolai Snopkov. The document envisages......

Azerbaijan`s essential role in future EU energy security highlighted in the House of Lords

19.02.2012 | Readed: 801

Standing room only was available in Committee Room G in the House of Lords on 16 February when energy expert Professor Alan Riley, City University, delivered an inspiring lecture, hosted by Lord Laird, on Post-Nabucco? The Options for the Southern Gas Corridor. The lecture, organized by the......

Saakashvili: "Azerbaijan`s President Ilham Aliyev is an historical person for Georgia"

18.02.2012 | Readed: 881

"Azerbaijan`s President Ilham Aliyev is an historical person for Georgia," said President of Georgia Mikheil Saakashvili. The Georgian leader received Azerbaijan`s Economic Development Minister Shahin Mustafayev and Turkish Economy Minister Zafer Çağlayan who attended trilateral......

State Oil Fund of Azerbaijan starts investing in gold

17.02.2012 | Readed: 866

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has begun investing in gold. The investment aims to branch out the investment portfolio and increase income. According to the press service of SOFAZ, investment portfolio of SOFAZ can be invested in gold. SOFAZ has begun......

New Japanese grant contract signed

17.02.2012 | Readed: 854

Signing ceremony of grant contract on the project for "Diversification and Improvement of the VTC-Farm of Terter Vocational Training Center" to be implemented within the Framework of "Grassroots and Human Security Grant Assistance Program" provided by the Government of Japan, was held in......

Azerbaijan, Albania sign two intergovernmental documents

10.02.2012 | Readed: 835

Azerbaijan and Albania have signed two intergovernmental documents in Baku. The agreement between the Government of the Republic of Azerbaijan and the Council of Ministers of Albania for the promotion and reciprocal protection of investments" and "The Memorandum of Understanding between......

Presentation titled "SOCAR-Energy of Azerbaijan" held in Davos

28.01.2012 | Readed: 859

A presentation titled "SOCAR-Energy of Azerbaijan" by the Azerbaijan State Oil Company (SOCAR) was held here on Thursday on the sidelines of the World Economic Forum. SOCAR President Rovnag Abdullayev briefed the participants on progress made in energy sphere of Azerbaijan. ......

Azerbaijan attends International Green Week 2012 fair in Berlin

25.01.2012 | Readed: 837

More than 20 Azerbaijani companies are attending International Green Week 2012 fair in Berlin which started on January 22. Azerbaijan`s stand in the event features over 300 kinds of agricultural and food products. Speaking to the fair, Azerbaijan`s Agriculture Minister Ismat Abbasov......

Premier of Azerbaijan meets Moldovan counterpart

19.01.2012 | Readed: 876

Prime Minister of Azerbaijan Artur Rasizade met with Premier of the Republic of Moldova Vladimir Filat. Earlier the two met in private that followed with a meeting of participation of delegations.  Rasizade said Azerbaijan and Moldova enjoyed warm relations and earlier. It is also felt in......

"Conference on "Modernization policy: new economic and social challenges" is very important for discussion of works being realized in Azerbaijan and over the world"

22.12.2011 | Readed: 899

A conference on "Modernization policy: new economic and social challenges" initiated by the New Azerbaijan Party (YAP) is very important for discussion of works being realized in Azerbaijan and thought the world, said chief of socio-political department of Azerbaijan`s Presidential......

Azerbaijan to increase gas export to Russia

17.12.2011 | Readed: 840

Chairman of the Management Committee (CEO) of Russian energy company Gazprom Alexey Miller has met President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev in Moscow. According to the agreement reached at the meeting, Gazprom will raise the volume of gas that it purchases......

First vice-president of SOCAR meets members of European Parliament

11.12.2011 | Readed: 900

The first vice-president of Azerbaijan State Oil Company (SOCAR), academician Khoshbakht Yusifzade met members of the European Parliament. Mr. Yusifzade said the relations between Azerbaijan and the European Union were rapidly developing. The academician updated the guests on history of......

ADB approves Operations Business Plan for Azerbaijan

10.12.2011 | Readed: 843

Asian Development Bank (ADB) approved the Operations Business Plan for Azerbaijan, 2011-2013. ADB representative for Azerbaijan Olly Norojono said the Bank will loan one million dollars to Azerbaijan. ADB will also approve the country`s strategy for the next five years in the mid of......

"Ten young Muslims who can change the world" awards presented in Istanbul Entrepreneurship Summit

08.12.2011 | Readed: 845

The Second Entrepreneurship Summit titled "Entrepreneurship, Values, and Development" was held in Istanbul, Turkey on December 3-6.  The Summit is the follow-up of the US President Barack Obama`s initiative which began in 2009 and the First "Entrepreneurship Summit" hosted by the US......

Baku hosts 5th meeting Azerbaijan-Pakistan intergovernmental commission

07.12.2011 | Readed: 829

The 5th meeting of Azerbaijan-Pakistan intergovernmental commission was held here.
Relations in economic, energy, trade, agriculture, justice, customs, transport and other spheres were discussed in the meeting.

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Baku Steel Company, Siemens VAI ink contract

01.12.2011 | Readed: 992

The Baku Steel Company LLC and German Siemens VAI Company have signed a 15 million euro contract. According to the press service of the BSC, Siemens VAI will replace the BSS melting furnace for a more modern 50-ton one. As a result of reconstruction, at primary stage it is expected to......

First meeting of economic committee for build-up to Nakhchivan meeting of foreign ministers of Turkey, Azerbaijan and Iran kicks off in Tehran

30.11.2011 | Readed: 883

The first meeting of the trilateral economic committee for the build-up to the Nakhchivan meeting of foreign ministers of Turkey, Azerbaijan and Iran kicked off in Tehran on Tuesday.  The meeting focused on the agenda and date of the upcoming Nakhchivan meeting. Delegation led by the......

Baku hosts seminar on Japan-Azerbaijan economic relations

30.11.2011 | Readed: 853

A seminar called "Japan economy. Development and strategic directions in Japan-Azerbaijan economic relations" was held in the US-Azerbaijan Education Center on Monday. According to the US-Azerbaijan Education Center, the seminar organized by Sakura Azerbaijan-Japanese Public Union was......

Baku hosts Azerbaijan-Turkey business forum

29.11.2011 | Readed: 880

On November 28th The Azerbaijan-Turkey business forum organized by the Azerbaijan Export and Investment Promotion Foundation (AzPromo) and Turkish Embassy started here.  The event has brought together representatives of 80 companies from Aegean Region Chamber of Industry. Attending......

Nakhchivan Autonomous Republic and Islamic Development Bank sign agreement

29.11.2011 | Readed: 944

The Prime minister of the Nakhchivan Autonomous Republic Alovsat Bakhshiyev and chief of the regional office of the Islamic Development Bank (IDB) Hisham Taleb signed a loan agreement of the project on measures against torrents, modernization and extension of the irrigated territories in the......

Azerbaijan`s ICT Minister meets member of US House of Representatives

27.11.2011 | Readed: 843

Azerbaijan`s Minister of Communication and Information Technologies Ali Abbasov has met with the member of US House of Representatives Rida Cabanilla. The sides discussed Azerbaijan`s achievements in ICT sector, e-government Program, "Regional Innovation Zone" project, creation of space......

Russia-Azerbaijan business forum held in Makhachkala

27.11.2011 | Readed: 828

The Russia-Azerbaijan business forum was held in Makhachkala with participation of representatives of both countries` agriculture, construction, industry, insurance, logistics companies. Attending the Forum, Azerbaijan`s Economic Development Minister Shahin Mustafayev pointed out......

Conference on knowledge based development and innovative ownership kicks off in Baku

25.11.2011 | Readed: 837

A conference called "Knowledge Based Development and Innovative Ownership" organized by the European Economic Commission (UNECE) of the UN and the Ministry of Communications and Information Technologies started in Azerbaijan`s capital. The event is held within the framework of the 17th......

Baku hosts CAREC`s 10th Ministerial Conference

24.11.2011 | Readed: 833

On November 23rd the 10th Ministerial Conference of the Central Asian Economic Cooperation Programme (CAREC) started in Baku. Azerbaijan`s minister for economic development Shahin Mustafayev read out a congratulatory letter of President Ilham Aliyev to the conference participants.......

International ICT exhibition opens in Baku

24.11.2011 | Readed: 883

The largest event in ICT field in the Caspian basin and the Caucasus, BakuTel 2011, kicked off in Azerbaijan`s capital on November 23rd. Over the past 17 years, the exhibition has become a key event and essential part the country`s telecommunications market. The exhibition is......

Azerbaijan`s PM meets vice-president of Japan International Cooperation Agency

24.11.2011 | Readed: 873

On November 23rd Prime Minister of Azerbaijan Artur Rasizade met with the vice-president of Japan International Cooperation Agency (JICA) Kiyoshi Kodera. Speaking in the meeting, Kodera noted he witnessed great development in Azerbaijan during his first visit. The sides underlined......

Azeri FM meets Iraqi Minister of municipalities and public works

24.11.2011 | Readed: 849

On November 23th Azerbaijan's minister of foreign affairs Elmar Mammadyarov met Iraq`s minister of municipalities and public works Adil Muheydar Razi Al-Maliki. The Iraqi Minister congratulated Mammadyarov on Azerbaijan's election as a non-permanent member of the UN Security......

Azerbaijan, Japan discuss economic and trade relations

23.11.2011 | Readed: 979

On November 22nd Azerbaijan and Japan discussed prospects for boosting economic and trade relations. Baku hosted a meeting of an Azerbaijan-Japan intergovernmental economic cooperation commission and 7th session of a Joint Economic Committee. Head of Azerbaijan`s delegation, deputy prime......

Azerbaijan`s Justice Ministry inks new loan agreement with WB

23.11.2011 | Readed: 854

On November 22nd Azerbaijan`s Justice Ministry and the World Bank signed a new loan agreement on additional financial resources for a project aimed at modernizing the country`s justice system.  The agreement was signed by Justice Minister Fikrat Mammadov and World Bank acting manager on......

Baku hosts CAREC top-ranking officials` meeting

23.11.2011 | Readed: 829

On November 22nd, a meeting of the top-ranking officials of the Central Asian Economic Cooperation Programme (CAREC) held in Baku within the 10th jubilee of the CAREC`s Ministerial Conference. Head of the Ministry of Economic Development Administration, CAREC coordinator for Azerbaijan......

Chairman of Azerbaijan`s State Customs Committee meets WCO`s experts

20.11.2011 | Readed: 913

Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev has met with experts of the World Customs Organization (WCO) Mrs. Bistra Teodosieva and Alexey Shcheglov. Aliyev said the State Customs Committee of Azerbaijan successfully cooperates with international organizations, in......

Azerbaijan, Hungary discuss prospects for customs cooperation

20.11.2011 | Readed: 836

Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev met vice-president of customs and finance guards of the Hungarian Ministry of Finance Mihai Arnold. Aliyev praised customs cooperation between Azerbaijan and Hungary. The Azeri customs chief spoke of prospects for......


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