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

04.09.2012 | Readed: 1182

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.




Azerbaijan, Korea sign agreement on economic cooperation

29.08.2012 | Readed: 1206

On August 28th an agreement on economic cooperation was signed between the Governments of Azerbaijan and South Korea.  The agreement was signed by Azerbaijan`s Economic Development Minister Shahin Mustafayev and Korean Ambassador to Azerbaijan Lee Ji Ha. The agreement envisages......

Belarus, Azerbaijan expanding industrial cooperation in machine building

28.08.2012 | Readed: 1201

Belarus and Azerbaijan are expanding industrial cooperation in machine building, First Deputy Premier of Belarus Vladimir Semashko and First Deputy Prime Minister of Azerbaijan Yaqub Eyyubov said following the session of the Belarus-Azerbaijan intergovernmental commission on trade and economic......

Germany`s Der Spiegel publishes article about Azerbaijan

23.08.2012 | Readed: 1228

The August issue of the Germany's weekly news magazine Der Spiegel published an article entitled "A country of economic miracles - Azerbaijan: a powerful model of modernization on the Caspian Sea."  The article covers socio-economic development of Azerbaijan, Azerbaijani-German......

Azerbaijani ambassador meets Tajik Transport Minister

18.08.2012 | Readed: 1086

On August 17th Azerbaijani ambassador to Tajikistan Abbasali Hasanov met the country's Minister of Transport Nizom Hakimov. Hasanov said that new Asia-Caucasus-Europe railway corridor will be launched after the exploitation of Tajikistan-Afghanistan-Turkmenistan......

Bud Fackrell: bp intends to purchase stake in TANAP

17.08.2012 | Readed: 1122

British bp intends to become a shareholder in the Trans-Anatolian pipeline project (TANAP), acquiring part of share of the State Oil Company of Azerbaijan (SOCAR) in the project, BP's representative in Turkey Bud Fackrell, who is also responsible for BP Turkey's activities in......

Great potential exists to increase trade turnover between Azerbaijan and Tajikistan

11.08.2012 | Readed: 1133

Azerbaijani ambassador to Tajikistan Abbasali Hasanov has met chairman of the country`s State Committee on Investments and State Property Management Davlatali Saidov.  They discussed how to implement the issues agreed during Tajik President Emomali Rahmon`s official visit to Azerbaijan on......

Azerbaijan`s Finance Minister meets new regional director of World Bank for South Caucasus

08.08.2012 | Readed: 1142

On August 7th Azerbaijan`s Finance Minister Samir Sharifov met new regional director of World Bank for South Caucasus Henry Kerali and his accompanying delegation. They discussed socio-economic development of Azerbaijan, its sustainable economic development, as well as current state of......

Azerbaijan`s top diplomat meets Peruvian minister of foreign trade and tourism

03.08.2012 | Readed: 1142

Azerbaijan`s minister of foreign affairs Elmar Mammadyarov met Peruvian minister of foreign trade and tourism Jose Luis Silva Martinot. The Peruvian minister briefed Mammadyarov on his country`s economy, investment climate and trade relations. He said Peru was interested in cooperation......

Azerbaijani FM meets chairman of Peruvian Congress

03.08.2012 | Readed: 1195

Foreign Minister of Azerbaijan Elmar Mammadyarov met chairman of Peruvian Congress Víctor Isla Rojas.  The chairman said Mammadyarov`s visit would contribute to development of relationship between Azerbaijan and Peru. Víctor Isla Rojas recalled a visit of Peruvian congressmen to......

Azerbaijani-Argentine business forum held in Buenos Ares

28.07.2012 | Readed: 1158

In the sideline of visit of the foreign minister of Azerbaijan Elmar Mammadyarov to Argentina, a business forum was held in Buenos Ares.  The Forum joined by over 250 businessmen, was addressed by Hector Marcos Timerman, minister for foreign affairs of Argentina, the minister of......

Azerbaijan, Argentina sign agreement on cooperation in field of economic-trade

28.07.2012 | Readed: 1086

Azerbaijani Minister of Foreign Affairs Elmar Mammadyarov met with Foreign Minister of Argentina Hector Marcos Timerman on the sidelines of his visit to this country. It was underlined at the meeting that the opening of embassies in the two countries, mutual visits over last periods,......

World famous UK "The Lawyer" journal publishes article on Azerbaijan

26.07.2012 | Readed: 1150

The world famous journal of UK "The Lawyer" has published article on Azerbaijan. Article by Danniel Maathews says that Azerbaijan has always been famed as an oil-rich territory. "There's no doubt, however, that hosting Eurovision earlier this year raised its profile and......

Training on return and readmission starts in Baku

25.07.2012 | Readed: 1140

On July 24th a training called "Return and Readmission" as part of the Migration EU expertise (MIEUX) kicked off in Azerbaijan`s capital. The event is arranged by Azerbaijan Coordinator of ICMPD Oleg Kiritsa and international expert from Hungary Vida Gabor. The event is initiated......

Tajikistan`s President visits Sumgait Technologies Park

13.07.2012 | Readed: 1238

President of Tajikistan Emomali Rahmon visited the Sumgait Technologies Park (STP) as part of his official trip to Azerbaijan. President of the Azerenerji OJSC Etibar Pirverdiyev informed the Tajik President that consisting of 17 plants STP manufactures high quality products, including......

Ukrainian President: We are interested in cooperation with Azerbaijan in oil and gas sector

13.07.2012 | Readed: 1181

Ukraine is interested in developing cooperation with Azerbaijan in gas and oil refining industries, Ukrainian President`s official website reported. President of Ukraine Viktor Yanukovych made this statement during an informal meeting with the Club of Chief Editors of CIS countries, Baltic......

Tajik President visits Azguntex solar panel factory

13.07.2012 | Readed: 1289

President of Tajikistan Emomali Rahmon visited the Azguntex solar panel factory built by the State Agency on Alternative and Renewable Energy Sources, SAARES, in Sumgait city. Director of SAARES Akim Badalov informed that two production lines - the solar module and LED lamps production......

Azerbaijan and Turkey boost labor migration cooperation

13.07.2012 | Readed: 1216

Chief of Azerbaijan State Migration Service Firudin Nabiyev met Turkish Minister of Labor and Social Protection Faruk Chelik. Nabiyev stressed close relations between the two countries in all fields and successful cooperation in migration system. Nabiyev said visit of the Turkish minister......

Fourth edition of "Azerbaijani export catalogue -2012" presented

07.07.2012 | Readed: 1160

Azerbaijan Marketing Society presented the fourth edition of the "Azerbaijani export catalogue -2012" with support of Foreign Affairs Ministry on Friday. Chairman of the board of directors of Azerbaijan Marketing Society Rahim Huseynov told of importance of the export catalogue for......

Azerbaijani finance minister holds several meetings in Belarus

07.07.2012 | Readed: 1105

Azerbaijani Finance Minister Samir Sharifov paid a working visit to Minsk on the invitation of Belarusian Finance Minister Andrey Kharkovts. According to the finance ministry, Azerbaijani minister was received by the Belarusian Prime Minister Mikhail Myasnikovitch. At the meeting Sharifov......

Azerbaijani delegation attends ECOSOC`s session

06.07.2012 | Readed: 1142

Azerbaijani delegation participates in the session of the UN Economic and Social Council (ECOSOC), which is to take place in the United Nations headquarters in New York, from July 2-9.  The high-level segment will be held on the topic "Promoting productive capacity and decent work to......

Akkord Corporation`s employees get highest presidential awards

06.07.2012 | Readed: 1257

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: 1076

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: 1153

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: 1149

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: 1155

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: 1055

"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: 1186

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: 1120

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: 1126

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: 1127

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: 1050

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: 1052

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: 1099

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: 1069

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: 1239

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: 1086

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: 1085

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: 1021

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: 1041

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: 993

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: 1093

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......

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