Economy

Azerbaijan, Hungary discuss prospects for customs cooperation

20.11.2011 | Readed: 837

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......

Baku White City Project wins MIPIM Asia Awards 2011 competition in Best future project of Central and Western Asia category

18.11.2011 | Readed: 872

MIPIM Asia, the world's property market in Asia Pacific, recently announces the winners for the sixth edition of its Awards competition, which honors outstanding real estate projects in the Asia Pacific region. Baku White City Project has won MIPIM Asia Awards 2011 (Hong Kong)......

Azerbaijan, WB signs new credit agreement to improve IDPs living conditions

17.11.2011 | Readed: 846

On November 16th Azerbaijan`s Deputy Prime Minister Ali Hasanov and World Bank (WB) Baku Office representative Saida Bagirli signed a credit agreement within Internally Displaced Persons (IDPs) Living Standards and Livelihoods Project which aims to support the Azerbaijani Government`s efforts to......

"US government supports Trans-Caspian Pipeline project," US special envoy for Eurasian Energy

16.11.2011 | Readed: 836

"The US government supports the Trans-Caspian Pipeline project. Now it is important that the European Union, Azerbaijan and Turkmenistan reach an agreement," Special Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar said at the press conference on the......

Baku hosts second meeting of Azerbaijan and Hungarian intergovernmental commissions on economic cooperation

12.11.2011 | Readed: 870

The second meeting of the Azerbaijan and Hungarian intergovernmental commissions on economic cooperation was held on Friday in Baku.  Hungarian side was represented by the delegation led by Rosa Nad, State Secretary of the Hungarian ministry of economy. Azerbaijan's Minister......

Balkan states-Azerbaijan business forum held in Belgrade

11.11.2011 | Readed: 866

Belgrade has hosted the first meeting of Azerbaijan-Serbia intergovernmental commission on trade and economic cooperation and Balkan states-Azerbaijan business forum.  The meeting of the intergovernmental commission focused on prospects for cooperation between the two countries in various......

KOICA and Azerbaijan Customs Committee cooperates

06.11.2011 | Readed: 877

Chairman of the Azerbaijan Customs Committee Aydin Aliyev met with resident representative of the Korea International Cooperation Agency (KOICA) Eun Suk Kim. The sides discussed successful development of Azerbaijan-Korean relations in the customs area.Aydin Aliyev emphasized that the......

Günther Oettinger: "Nabucco could still go ahead"

06.11.2011 | Readed: 915

Europe`s planned Nabucco gas pipeline project is expensive and needs to convince wary investors that they should stump up the cash for it, EU Energy Commissioner Guenther Oettinger told an energy conference in Vienna."Nabucco is not cheap, the cost factor is 10 billion euro or more,"......

Azerbaijan, Argentine sign MoU on scientific research and innovation spheres

03.11.2011 | Readed: 839

Azerbaijan`s Economic Development Ministry and Argentine`s Ministry of Science, Technology and Productive Innovation signed a memorandum of understanding on scientific, technological researches and innovation spheres. The document envisages realization of joint projects and organization seminars......

Baku hosts international conference to mark 10th jubilee of Chamber of Accounts

03.11.2011 | Readed: 836

On November 2nd, a two-day international conference dedicated to the 10th anniversary of the establishment of Chamber of Accounts of Azerbaijan kicked off here. Government officials, deputies of Milli Majlis (Azerbaijani parliament), representatives from Turkey, Russia, Ukraine, Moldova......

IMF says Azerbaijan`s nonoil sector to grow 9% in 2011

02.11.2011 | Readed: 787

Head of the International Monetary Fund`s mission on Azerbaijan Nadim Ilahi has the country`s non-oil sector will see a 9% growth this year.Speaking to a press conference, Ilahi said: "This year, the non-oil sector in Azerbaijan expects about 9% growth (compared to 7.5% in 2010). In 2012......

Azeri taxes minister meets Russian and Ukrainian tax officials

30.10.2011 | Readed: 876

Azerbaijan`s minister of taxes Fazil Mammadov met Russia`s deputy interior minister Igor Aleshin and deputy chairman of Ukraine`s State Tax Service Andrei Golovach. Mammadov highlighted tax reforms in Azerbaijan. He spoke of how the country`s tax authorities combat against law violations.......

Baku hosts 13th meeting of Coordination Council of Heads of CIS Tax Services

28.10.2011 | Readed: 878

On October 27th, the 13th meeting of the Coordination Council of Heads of CIS Tax Services started in Baku. The event brought together officials of tax and law-enforcement bodies from Azerbaijan, Belarus, Ukraine, Kazakhstan, Russia, Moldova, Kirgizstan, Tajikistan, Latvia and Lithuania.......

Baku hosts Azerbaijan-Switzerland forum

28.10.2011 | Readed: 836

On October 27th Azerbaijan-Switzerland business forum started in Baku as a part of the visit of Switzerland`s State Councilor in charge of the Department of Health and Economy Pierre-François Unger. The event brought together businessmen engaged in banking, industry, trade, health,......

Azerbaijan and IMF prepare adequate response to new global economic threats

25.10.2011 | Readed: 856

Chairman of the Central Bank of Azerbaijan Elman Rustamov received Head of IMF mission for Azerbaijan Nadeem Ilahi on Monday. The sides have discussed macro-economic situation in Azerbaijan, money and course policy for 2012, measures for strengthening macroeconomic stability. Also adequate......

1st summit of Turkic-speaking states` business council held

21.10.2011 | Readed: 881

On October 20th the Cooperation Council of Turkic-speaking States held its first ever business council meeting to discuss lifting barriers to trade. Attended by representatives of major organizations and companies in the Turkic-speaking states and delegations from the governments of......

Azerbaijani Parliament`s Speaker meets Ecuadorian Minister of Foreign Affairs, Trade and Integration

20.10.2011 | Readed: 846

Speaker of the Azerbaijani Parliament, Ogtay Asadov met Ecuadorian Minister of Foreign Affairs, Trade and Integration Ricardo Armando Patino Aroca on Wednesday. Asadov said such visits would contribute to development of bilateral relationship. According to him, Azerbaijan is among those......

Baku hosts second Azerbaijan-Germany business forum (October 19th, 2011)

20.10.2011 | Readed: 817

The second Azerbaijan-Germany business forum was held Wednesday in Baku as part of the visit of chief of Bavarian State Ministry of Economy, Infrastructure, Transport and Technology`s department on international trade. The forum was co-organized by the Azerbaijan Export & Investment......

Austrian president meets Premier of Azerbaijan

13.10.2011 | Readed: 841

On October 12th, visiting President of Austria Heinz Fischer met with the Prime Minister of Azerbaijan Artur Rasizade. The Austrian president expressed pleasure with his visit to Azerbaijan. Assessing the talks with President Ilham Aliyev as highly positive, Mr. Fischer said he is......

Austrian minister visits State Oil Company of Azerbaijan

13.10.2011 | Readed: 844

On October 12th chief of Azerbaijan`s State Oil Company (SOCAR) Rovnag Abdullayev met with Austrian minister for economy, family and youth Reynhold Mitterlenher. Mr. Abdullayev said a visit of Austrian President Heinz Fischer to Azerbaijan will give a new impetus to development of......

Azerbaijani, Austrian businessmen meet in Baku

13.10.2011 | Readed: 833

On October 12th more than 260 business people from Azerbaijan and Austria came together in Baku to explore ways of building cooperation in a variety of fields, including agriculture, food industry, construction, consulting, ICT, finance, alternative energy and healthcare. The forum, held......

Baku hosts international conference on "Building bridges over borders"

11.10.2011 | Readed: 843

On October 10th an international conference titled "Building bridges over borders" co-organized by GUAM Parliamentary Assembly and Baltic Assembly started in Azerbaijani Parliament. Opening the meeting, head of Azerbaijani delegation to GUAM PA Elton Mammadov spoke of the importance of......

Azerbaijan, France sign memorandum of understanding

08.10.2011 | Readed: 838

On October 7th the Ministry of Economic Development of Azerbaijan and French Development Agency signed a memorandum of understanding on FIA Group`s operation in Azerbaijan, as part of official visit of French President Nicholas Sarkozy to Azerbaijan. The document was signed by......

Azerbaijan`s Premier meets participants of Council Meeting of International Congress of Industrialists and Entrepreneurs

07.10.2011 | Readed: 852

On October 6th Prime Minister of Azerbaijan Artur Rasizade received a group of participants of the Council Meeting of the International Congress of Industrialists and Entrepreneurs. Rasizade said development of entrepreneurship in Azerbaijan and creation of favorable business climate was......

Azerbaijan attends 6th KAZENERGY Eurasian Forum in Kazakhstan

07.10.2011 | Readed: 838

A delegation led by President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev participated in the 6th Eurasian Forum "KAZERNERGY-2011" dedicated to the 20th anniversary of Kazakhstan`s independence in Astana. Abdullayev informed participants on cooperation of......

Investor`s Fair kicks off in Baku

05.10.2011 | Readed: 841

On October 4th An Investor`s Fair organized by the Azerbaijan Micro-finance Association (AMFA) started here. Representatives of micro-finance organizations and banks and the US ambassador to Azerbaijan Matthew Bryze are attending the fair. Issues of prevention of over-indebtedness......

Deputy PM: Azerbaijan attaches particular importance to developing cooperation with Russia

05.10.2011 | Readed: 861

Azerbaijan`s deputy prime minister Yagub Eyyubov has said his country attaches a particular importance to developing cooperation with Russia. "We place a special emphasis on developing our cooperation with the Russian Federation, including its federal districts," Eyyubov told a Russian......

Azerbaijan, Belgium discuss development of bilateral relations

05.10.2011 | Readed: 858

On October 4th Azerbaijan`s Minister of Foreign Affairs Elmar Mammadyarov met with the Director General of Bilateral Affairs at the Ministry of Foreign Affairs of Belgium Geert Muylle. The current state of bilateral relations was discussed in the meeting. The Belgian official was informed......

Statoil expresses intention to expand activity in Azerbaijan

05.10.2011 | Readed: 868

Norwegian energy company Statoil`s officials have expressed their intention to expand their activity in Azerbaijan. Statoil's executive vice president Peter Melbye, Vice Chairperson Torgeir Kydland and President of Statoil in Azerbaijan Lars Troen Sorensen met Azeri Minister of......

EU to increase financing of Eastern Partnership

05.10.2011 | Readed: 813

The European Union plans to issue an additional 150 million euros to finance the Eastern Partnership project until 2014, Polish Foreign Minister Radoslaw Sikorski said. About 2 billion euros will be spent on realization of the project and 1.2 billion euros will be provided for bilateral......

GUAM Secretary General: "Azerbaijan`s presidency at GUAM will give impetus to development of cooperation in energy sector"

01.10.2011 | Readed: 794

"Azerbaijan, Georgia, Ukraine and Moldova agreed in Warsaw on expansion of cooperation with the European Union and develop energy projects," the minister of foreign affairs and European integration of Moldova Yuri Leanca said at the meeting of heads of the foreign ministries of GUAM held in......

Baku hosts 37th meeting of PABSEC Cultural, Educational and Social Affairs Committee

29.09.2011 | Readed: 848

The 37th meeting of Parliamentary Assembly of Black Sea Economic Cooperation (PABSEC) Cultural, Educational and Social Affairs Committee has today started in Azerbaijan`s capital. Speaking in the meeting, member of Azerbaijani Parliament, deputy chairman of the PABSEC Committee Jale......

CEIBC members meet US Ambassador

29.09.2011 | Readed: 828

Members of the Caspian-European Integration Business Club (CEIBC) met with the US Ambassador to Azerbaijan Matthew Bryza. CEIBC president and chief executive director Telman Aliyev provided information on activity of the organization. He noted that CEIBC which was established in 2002......

Azeri minister addresses Summer Davos in China

16.09.2011 | Readed: 818

Azerbaijan`s minister of information and communication technologies Ali Abbasov has addressed the Annual Meeting of the New Champions, the "Summer Davos", in Dalian, China. The minister highlighted Azerbaijan`s ICT achievements. Abbasov said development of information technologies was......

Azerbaijan, Latvia discuss migration cooperation

14.09.2011 | Readed: 837

Chief of the Azerbaijan State Migration Service Arzu Rahimov was in Latvia from September 5 to 10 at the invitation of the Latvian Interior Ministry. During the trip, the Azeri Chief Migration Officer had a number of meetings in Latvia. Rahimov and head of the Latvian Interior......

International conference on custom electronic services kicks off in Baku

13.09.2011 | Readed: 841

The 3rd international scientific and practical conference on custom electronic services strated in Baku. The co-oganizers of the event are the State Customs Committee of Azerbaijan and the Russian Federal Customs Service. The conference brings together nearly 200 delegations from 25......

SOCAR holds press conference on discovery of gas deposit on Absheron block

13.09.2011 | Readed: 779

The State Oil Company of Azerbaijan Republic, SOCAR held press conference on discovery of new gas deposit on the Absheron block at the Azerbaijan sector of the Caspian Sea. Vice-president of SOCAR, academician Khoshbakht Yusifzade informed the media representatives on the deposit, answered......

Azerbaijan ranks 55th in Global Competitiveness Report

08.09.2011 | Readed: 831

Azerbaijan ranked 55th in the overall rankings in the Global Competitiveness Report. The Global Competitiveness Report 2011-2012, comes out amid multiple challenges to the global economy and a continuing shift in the balance of economic activity away from advanced economies and toward......

Azerbaijan to be represented at China-Eurasia exhibition

02.09.2011 | Readed: 819

Azerbaijan will be represented at the China-Eurasia exhibition from September1 to 5, due in Urumchi, Beijing. The aim of the event is expansion of economic cooperation between China and other countries in the Eurasian region, study investment opportunities, to exchange ideas related to......

Sangachal Terminal exports about 154.5 million barrels of oil

26.08.2011 | Readed: 911

Oil and gas from ACG and Shah Deniz continue to flow via subsea pipelines to the Sangachal terminal. The capacity of the terminal's overall processing systems is currently 1.2 million barrels of oil and 25.5 million cubic metres of Shah Deniz gas per day (about 39.5 million cubic......

Azerbaijan draws Korean consultants for preparation of Industrial Development Program

23.08.2011 | Readed: 811

The Korea International Cooperation Agency (KOICA) has started providing consulting assistance to Industry and Energy Ministry of Azerbaijan as part of the World Friendship Consulting programme for the development of non-oil sector of the Azerbaijan economy. The Ministry reports that......

Astrakhan-Azerbaijan trade grew 14-fold in first half of 2011

21.08.2011 | Readed: 833

Trade between Russia`s Astrakhan region and Azerbaijan saw a 14-fold increase in the first half of 2011 as compared to the same period last year, according to Astrakhan`s Ministry of International and Foreign Economic Relations. "The Astrakhan-Azerbaijan trade reached 8.3 million US......


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