Economy

Azerbaijan attends International Green Week 2012 fair in Berlin

25.01.2012 | Readed: 913

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: 952

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: 966

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: 910

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: 967

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: 915

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: 912

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: 909

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: 1087

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: 962

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: 923

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: 949

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: 1011

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: 919

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: 899

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: 910

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: 911

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: 953

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: 938

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: 923

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: 1048

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: 931

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: 894

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: 991

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: 908

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: 943

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: 918

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: 904

"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: 939

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: 946

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: 955

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: 999

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: 923

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: 914

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: 850

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: 949

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: 954

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: 903

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: 940

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: 944

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: 923

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: 882

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......


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