Economy

"Azerbaijan is one of the strongest performing economies in the post-Soviet space", The Guardian

19.08.2011 | Readed: 871

The Guardian, a British national daily newspaper has published an article titled "End of the USSR: visualizing how the former Soviet countries are doing, 20 years on". The article focuses on key data concerning the economic situation in former USSR republics two decades since the Soviet Union......

Caspian states sign protocol to prevent oil spills

14.08.2011 | Readed: 845

Official representatives of Caspian states (Azerbaijan, Russia, Kazakhstan, Turkmenistan and Iran) in Aktau, Kazakhstan, have signed protocol on regional readiness, response and cooperation in case of incidents causing oil pollution. The protocol was signed as part of the third session of......

Azerbaijan and US boost customs cooperation

14.08.2011 | Readed: 879

Chairman of Azerbaijan`s State Customs Comittee, lieutenant-general Aydin Aliyev met US ambassador Mattew Bryza. Mr. Aliyev said the relations between Azerbaijan and US were rapidly deloping in all spheres. He briefed on activity of the state customs service, which is to turn 20 next year.......

Azerbaijan, Dominica discuss bilateral relations

11.08.2011 | Readed: 803

On August 10th Azerbaijan`s Premier Artur Rasizade met with Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica. Skerrit expressed assurance the current visit would give a push to future development of bilateral relations, adding there is enormous potential for development......

SOFAZ`s assets to reach over 100 billion dollars

09.08.2011 | Readed: 787

Budget revenues of Azerbaijan`s State Oil Fund (SOFAZ) for the period of January-June, 2011 reached 7827.2 million manats, while budget expenditures constituted 2593.1 mln manats. Revenue of 7692.2 mln manats for the period of January-June, 2011 was received from implementation of oil and......

US magazine publishes article on Azerbaijan`s importance in Nabucco pipeline project

03.08.2011 | Readed: 856

The United State`s magazine "Wall Street Journal" has published an article on Azerbaijan`s role in Nabucco pipeline. The article says: "Two decades after Azerbaijan emerged from the Soviet Union and began striking oil deals with Western companies, it faces vital decisions on its plans......

"The Business Year" journal`s special edition on Azerbaijan presented

30.07.2011 | Readed: 826

A special edition of "The Business Year" journal dedicated to the 20th anniversary of Azerbaijan`s independence was presented yesterday. Head of the Azerbaijan President Administration`s socio-political department Ali Hasanov linked the edition to the fact that Azerbaijan has been the......

New business aviation terminal opened for use in Azerbaijan

29.07.2011 | Readed: 862

A region`s new second-to-none business aviation terminal has opened its doors today in Azerbaijan. The first flight was organized to Italy. Silk Way Business Aviation Company is an owner of the terminal. The terminal houses large hall, family rooms and business center, rooms for......

Azeri top diplomat meets GUAM Secretary General

23.07.2011 | Readed: 760

Foreign Minister of Azerbaijan Elmar Mammadyarov met GUAM Secretary General Valeri Chechelashvili. The talks focused on the current state of relations, prospects for cooperation in economic, humanitarian, tourism, transport and other spheres, as well as GUAM`s relationship with......

Azerbaijan, Germany discuss cooperation at the Cabinet of Ministers of the Azerbaijan

22.07.2011 | Readed: 816

A meeting with German delegation was held at the Cabinet of Ministers of the Azerbaijan. The meeting co-chaired by Azerbaijan deputy Prime Minister Abid Sharifov and chief of division of German Federal Ministry of Economic Cooperation and Development Friedel Eggelmeyer discussed......

Azerbaijan, China mull trade and economic cooperation in Baku

19.07.2011 | Readed: 837

The 4th meeting of Azerbaijan-China commission on trade and economic cooperation started here. The meeting co-chaired by Azerbaijan deputy Prime Minister Abid Sharifov and Chinese vice-Minister of Commerce Zhong Shan will discuss economic cooperation and expansion of relations between the......

ITGI fully meets Azerbaijan's strategic interests

16.07.2011 | Readed: 802

The Interconnector Turkey-Greece-Italy (ITGI) gas pipeline creates the most real opportunity for export of Azerbaijani gas to Europe. The statement came from president of Greek Depa Harris Sachinis, visiting Baku. He said ‘ITGI fully meets the strategic interests of......

First trade and economic meeting between Azerbaijan and China held in Baku

12.07.2011 | Readed: 808

The First meeting of the working group on trade and economy between Azerbaijan and the Xinjiang Uygur Autonomous Region, People`s Republic of China (PRC) was held in Azerbaijan`s capital. Speaking in the meeting, Azeri Deputy Minister of Economic Development Niyazi Safarov briefed the......

Belarusian Prime Minister embarks on official Azerbaijan visit

08.07.2011 | Readed: 775

Prime Minister of Belarus Mikhail Myasnikovich has kicked off an official visit to Azerbaijan. Belarusian Prime Minister was welcomed at the Ganja International Airport. Myasnikovich started his visit by laying flowers at the monument to national leader Heydar Aliyev in the city......

Second Azerbaijan International Insurance Forum kicks off in Baku

08.07.2011 | Readed: 788

The second Azerbaijan International Insurance Forum (AIIF 2011) started here on July 7th. The two-day Forum, organized by Azerbaijan Insurers Association (ASA) and Ministry of Finance, has brought together representatives of insurance companies of Europe and CIS member states.......

Rome hosts 2nd meeting of Azerbaijan-Italian intergovernmental commission

07.07.2011 | Readed: 824

The second meeting of Azerbaijan-Italian intergovernmental commission for economic cooperation has been held in Rome, Italy. The meeting was co-chaired by Azerbaijan`s Industry and Energy Minister Natig Aliyev and Italian Deputy Foreign Minister Alfredo Mantica. The event focused on......

Azeri Premier meets director general of customs service of Argentina

01.07.2011 | Readed: 888

On June 30th Prime Minister of Azerbaijan Artur Rasizade met Mrs. Maria Siomara Ayeran, director general of customs service of Argentina. Mrs. Maria Siomara Ayeran said she was honored to be in Azerbaijan which is the most developed country in the region. She praised the level of......

Azerbaijan Diplomatic Academy to organize summer energy school

01.07.2011 | Readed: 834

The 5th Baku Summer Energy School will be co-organized by Azerbaijan Diplomatic Academy (ADA) and State Oil Company of Azerbaijan Republic (SOCAR) on July 2 -16. SOCAR, the Ministry of Environment and Natural Resources, the Ministry of Industry and Energy, as well as representatives of......

Azerbaijani Akkord, French Bouyges companies sign MOU

30.06.2011 | Readed: 979

The Azerbaijani Akkord and French Bouygues Travaux Publics companies have signed a Memorandum of Understanding, which involves cooperation between the parties in the infrastructural projects in Azerbaijan, including the laying of new lines and Baku metro stations. The memorandum was signed......

Azerbaijan, Argentina discuss customs cooperation

29.06.2011 | Readed: 823

Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev met Maria Siomara Ayeran, general director of customs service of Argentina. Aliyev expressed satisfaction with strengthening of customs relations between the two countries. He recalled that Azerbaijan and Argentina signed......

Azerbaijan`s oil reserves make 2bn tons

21.06.2011 | Readed: 824

Azerbaijan`s confirmed oil reserves are estimated at 2 billion tons, said first vice president of the country`s state oil firm, SOCAR, Khoshbaxt Yusifzade. He said the country`s confirmed gas reserves are estimated at 3.8 trillion cubic meters. "So far more than 36 billion US......

Azerbaijan`s customs chief participates in CIS meeting

19.06.2011 | Readed: 835

The Azerbaijani delegation led by chairman of the Azerbaijan`s State Customs Committee Aydin Aliyev attended the 53rd meeting of the Council of Heads of Customs Services of CIS member states in the Russian city of Irkutsk. The event featured the information about the follow-up to the......

Shahdaniz-2 to help increase gas production to 25bn cm, SOCAR

19.06.2011 | Readed: 839

First vice-president of Azerbaijan`s state oil firm, SOCAR, Khoshbakht Yusifzade has said the implementation of the Shahdaniz-2 project will help to increase the country`s gas production to 25 billion cubic meters per year. "Currently the Shahdaniz field produces 9 billion cubic meters of......

World Bank, Azerbaijan`s State Customs Committee discuss cooperation prospects

19.06.2011 | Readed: 824

Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev has met with World Bank`s (WB) Country Manager Joseph M. Owen to discuss prospects for relevant cooperation. Aliyev described "The State Program of the Customs System of Azerbaijan Republic for 2007-2011" as an important stage......

Azeri FM in Spain for official visit

17.06.2011 | Readed: 781

Azerbaijan`s Foreign Minister Elmar Mammadyarov is in Spain for an official visit. The Azeri minister gave interview to Spain`s El Mundo newspaper as part of his visit to Spain. He spoke of relations between two countries and development of prospects of these relations. Mammadyarov......

Abu Dhabi Fund for Development finances power station construction in Azerbaijan

15.06.2011 | Readed: 819

Finance Minister of Azerbaijan Samir Sharifov, on behalf of the government of Azerbaijan, and Director General of the Abu Dhabi Fund for Development Mohammed Saif Al Suwaidi signed a loan agreement here on Wednesday to finance the Cenub project. The Abu Dhabi Fund will set aside $60 mln to build......

United States highly value achievements of Azerbaijan and development of Shakhdeniz, ambassador of United States Matthew Bryza

11.06.2011 | Readed: 909

The United States highly value progress achieved by Azerbaijan last year and achievements of a consortium developing Shakhdeniz field in partnership with foreign companies, ambassador of United States Matthew Bryza said. The ambassador said that debates over gas sale rates are approaching......

18th Caspian Oil & Gas Conference Incorporating Refining & Petrochemicals kicks off in Baku

09.06.2011 | Readed: 803

18th Caspian Oil & Gas Conference Incorporating Refining & Petrochemicals kicked off in Azerbaijan`s capital bringing together 500 representatives from different countries. The first session was dedicated to ensuring energy security and market integration. It heard a report by......

Norway`s Crown Prince: Azerbaijan rationally uses its oil reserves

09.06.2011 | Readed: 838

Haakon, Crown Prince of Norway, has said Azerbaijan rationally uses it oil reserves. Speaking to a pres conference on the outcomes of his two-day visit to Baku, he noted: "A sharp fall in the poverty level in Azerbaijan in the last 10 years proves that the country`s oil reserves are......

Southern Corridor project becoming a reality, U.S. Ambassador Matthew Bryza

09.06.2011 | Readed: 847

{nl}"Today`s discussions prove that Southern corridor project is becoming a reality thanks to both sides` efforts", ambassador of the United States Matthew Bryza stated at the evening reception organized by the embassies of the United States and UK in Azerbaijan prior to the 18th......

Late current year Azerbaijan to release Hi-tech and power saving products

09.06.2011 | Readed: 845

Being in Baku on a visit the delegation led by the vice-president of Presidium of National Academy of Sciences of Belarus Sergey Rakhmanov has visited National Aviation Academy of Azerbaijan. Director of the State Enterprise Center of light-emitting diode and optoelectronic technologies of......

Azerbaijani ICT minister meets Secretary General of International Telecommunication Union

09.06.2011 | Readed: 825

Azerbaijan`s minister of communications and information technologies Ali Abbasov has met Secretary General of the International Telecommunication Union Hamadoun Toure as part of the 3rd meeting of Broadband Commission for Digital Development in France. They discussed preparatory issues......

Azeri ICT Minister meets UNESCO chief

08.06.2011 | Readed: 836

Azerbaijani Minister of Communications and Information Technologies Ali Abbasov has met UNESCO Director-General Irina Bokova. The meeting took place as part of the 3rd meeting of the Broadband Commission for Digital Development in France. They exchanged views on an international conference......

UK has 52% of investment in Azerbaijan, ambassador

08.06.2011 | Readed: 853

The United Kingdom has 52% of investment in Azerbaijan, said Ambassador Carolyn Browne.
The ambassador said no other country has so large volume of investment in the country.
She added Azerbaijan and the United Kingdom had strong and successful relationship.

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Azerbaijan ‘plays important role' in ensuring European Union`s energy security

07.06.2011 | Readed: 815

European Union`s commissioner for energy has praised Azerbaijan`s role in ensuring Europe`s energy security. Gunther Oettinger met Azerbaijan`s foreign minister Elmar Mammadyarov in Baku. "Azerbaijan plays an important role in ensuring European Union`s energy security," he told......

Richard Morningstar to arrive in Azerbaijan

05.06.2011 | Readed: 883

Special Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar will arrive in Azerbaijan. Morningstar will head the US delegation to participate in the 18th International Caspian Oil & Gas Exhibition & Conference Incorporating Refining and......

Baku hosts conference on business opportunities for America and Azerbaijan

04.06.2011 | Readed: 810

The business and investment conference "Business opportunities for Azerbaijan and America" has started in Baku. The conference organized by the US-Azerbaijan Chamber of Commerce (USACC) aims at creating new business ties and trade relations between America and Azerbaijan.......

7th annual Eurasian seminar of tax experts kicks off in Baku

03.06.2011 | Readed: 804

On June 2, the 7th annual Eurasian seminar of fiscal experts of the International Tax and Investment Center (ITIC) commenced in Baku. The goal of the seminar is to gather the persons who are engaged in tax policy and tax administration internationally, representatives of the state and......

Azerbaijani and Dutch businessmen boost cooperation

25.05.2011 | Readed: 811

A meeting of Azerbaijani and Dutch businessmen with support of the Ministry of Economic Development and Azerbaijan Export and Investments Promotion Foundation ( AzPROMo) held in Baku. Chief of AzPROMO Adil Mammadov briefed on business and investment opportunities of the country. He said......

Azerbaijan and Russian products on display in Astrakhan

20.05.2011 | Readed: 844

An exhibition showcasing production manufactured by private and state companies of Azerbaijan and Russia has opened in Astrakhan as part of the forum "Russia and Azerbaijan: towards new horizons of interregional cooperation". The exhibition features over 200 stands and dozens of......

Czech President visiting Sangachal oil terminal

19.05.2011 | Readed: 814

On May 18th President of the Czech Republic Václav Klaus and his spouse Mrs. Livia Klausová visited Sangachal oil terminal. The tour began from the Caspian Energy Center which was established to increase youth interest in oil-gas sector. First Vice-President of the State Oil......

Czech President meets businessmen

19.05.2011 | Readed: 844

On May 18th President of the Czech Republic Václav Klaus met with his country`s businessmen in Baku. The fact that not only a political delegation but also a group of Czech businessmen arrived in Baku testifies that Azerbaijan arouses a great interest for us, said Mr. Klaus. Mr.......


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