Economy

Azeri top diplomat meets Serbian deputy FM

12.05.2011 | Readed: 841

Azerbaijan`s Foreign Minister Elmar Mammadyarov met visiting Deputy Foreign Minister of Serbia Zoran Vujić. Mammadyarov recalled his recent visit to Serbia. The Minister praised the relationship between Azerbaijan and Serbia. He said there was great potential to expand this cooperation.......

Azeri finance minister attends ADB`s annual meeting

07.05.2011 | Readed: 804

A delegation led by the Finance Minister of Azerbaijan Samir Sharifov visited Vietnam to attend 44th annual meeting of the board of governors of Asian Development Bank (ADB). The participants discuss organization`s annual report for 2010, financial statements, management's report on......

Azerbaijan, Lithuania ink tax cooperation agreement

06.05.2011 | Readed: 831

Tax Ministry of the Azerbaijan Republic and the State Tax Inspectorate under the Finance Ministry of Lithuania signed an agreement on technical cooperation. The Agreement was signed by tax minister Fazil Mammadov (Azerbaijan) and head of the Tax Inspectorate under the Finance Ministry of......

Azerbaijan, Montenegro discuss economic ties

06.05.2011 | Readed: 800

As a part of his official visit to Montenegro, Azerbaijani Foreign Minister Elmar Mammadyarov met with President Filip Vujanović, Prime Minister Igor Lukšić, Parliament Speaker Ranko Krivokapic and Mayor of Bar city Žarko Pavićević. They discussed ways of further developing bilateral......

Azerbaijan, Pakistan discuss migration cooperation

05.05.2011 | Readed: 824

Chief of Azerbaijan State Migration Service Arzu Rahimov met Pakistani ambassador to the country Abdul Hamid. During the meeting, they discussed prospects for migration cooperation between the two countries. The parties also exchanged views on other relevant issues of mutual......

Azerbaijan-Georgia trade cooperation should be developed

26.04.2011 | Readed: 799

Azerbaijan-Georgia trade cooperation should be developed in order to strengthen the existing cooperation between the two countries, Georgian Minister of Economy and Sustainable Development Vera Kobalia has told journalists. Kobalia noted she would have several meetings in Baku during which......

Baku hosts ninth meeting of Azerbaijan-Ukraine Intergovernmental Commission on Economic Cooperation

22.04.2011 | Readed: 812

A ninth meeting of the Azerbaijan-Ukraine Intergovernmental Commission on Economic Cooperation took place in Baku on Thursday. Co-chairs of the Commission First Deputy Prime Minister of Azerbaijan Yagub Eyyubov and his Ukrainian colleague, First Deputy Prime Minister and minister of......

Azerbaijan State Oil Fund`s revenues and expenditures for January-March 2011

20.04.2011 | Readed: 873

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2011 reached 3 259.6 million manats, while budget expenditures constituted 1 399.6 mln. manats. Revenue of 3 197.6 mln. manats for the period of January-March, 2011 was received......

Asian Development Bank expects improvements in Azerbaijan`s agricultural sector and tourism

20.04.2011 | Readed: 783

"Growth in oil economy including natural gas production is estimated to have slowed to 1.8%. Non-oil economy has also grown, as it coped with the challenges of a global recession. Strong growth in non-oil sector was driven mainly by public investment and infrastructure projects, which brought......

Turkey-Azerbaijan business forum held in Ankara

16.04.2011 | Readed: 827

On April 15th Turkey-Azerbaijan business forum was held in Ankara. The forum brought together Azerbaijan`s Economic Development Minister Shahin Mustafayev, Turkish Foreign Trade Minister Zafer Caglayan, Ambassador of Azerbaijan to Turkey Faig Bagirov and businessmen from the two......

Second meeting of Azerbaijan-Jordan Intergovernmental Commission held in Baku

13.04.2011 | Readed: 799

The second meeting of Azerbaijan-Jordan Intergovernmental Commission on trade, economy and techniques held in Baku. The both countries` businessmen discussed prospects of cooperation in various spheres. The event was organized by Azerbaijan`s Ministry of Economic Development,......

Regional customs seminar kicks off in Baku

12.04.2011 | Readed: 824

Regional seminar on „Harmonic system-2012: application and tariff management" started in the WCO (World Customs Organization) Regional Training Centre here. Chairman of Azerbaijan`s State Customs Committee, lieutenant-general Aydin Aliyev and international expert Alvaro Fernandez and......

Istanbul to host 14th Eurasian Economic Summit

12.04.2011 | Readed: 799

The Marmara Group Strategic and Social Research Foundation will be organizing the 14th Eurasian Economic Summit in Istanbul on April 13-15. Head of the Foundation Akkan Suver told journalists as every year Azerbaijan`s delegation would be actively participating at the event. The......

Baku hosts Azerbaijan-India interactive business workshop

31.03.2011 | Readed: 825

An interactive business session among Azerbaijani and Indian businessmen was held in Baku on Wednesday. The event was organized by Indian Embassy to Azerbaijan, Federation of Indian Chambers of Commerce and Industry (FICCI) and National Confederation of Entrepreneurs (Employers')......

Azerbaijan, Mexico discuss prospects for cooperation

30.03.2011 | Readed: 835

Azerbaijan`s Foreign Minister Elmar Mammadyarov has met with Mexican counterpart Mrs. Patricia Espinosa, as part of his official visit to the country. Mrs. Espinosa said "Mexico attaches great importance to the relations with Azerbaijan". She noted the necessity of developing......

Azerbaijan, Russia: 13th session of the intergovernmental commission on economic cooperation held in Moscow

19.03.2011 | Readed: 864

Thirteenth session of the intergovernmental commission on economic cooperation between the Azerbaijan Republic and the Russian Federation has taken place in Moscow. Opening the session, chairman of the Russian part of the commission, the vice-president of the Government of the Russian......

Azerbaijan mulls cooperation with World Bank and IMF

18.03.2011 | Readed: 811

Elman Rustamov, Chairman of the Azerbaijan Central Bank met here with Michel Mordasini, Executive Directof of the World Bank and Rene Weber, Executive Director of the Internatioanl Monetary Fund to discuss cooperation and economic situation in Azerbaijan. Rustamov pointed out Azerbaijan is......

Albania ‘interested' in expanding economic and trade relations with Azerbaijan

11.03.2011 | Readed: 834

Albania`s deputy prime minister and foreign minister Edmond Hakhinasto said his country was interested in expanding the economic and trade relations with Azerbaijan. Hakhinasto met with Azeri parliament speaker Ogtay Asadov in Baku. He praised Azerbaijan`s economic achievements.......

EITI conference underway in Paris

04.03.2011 | Readed: 899

The 5th Extractive Industries Transparency Initiative (EITI) Global Conference is now underway in Paris. The conference will focus on how the EITI is making a difference to the nearly half a billion people in 24 countries around the world who now have access to reliable revenue figures from the......

Azerbaijan`s chief customs officer meets Argentina's officials

01.03.2011 | Readed: 812

Chairman of the Azerbaijan State Customs Committee Aydin Aliyev held a number of meetings as part of his visit to Argentine. According to Azerbaijan`s Foreign Ministry, Mr. Aliyev met with Argentina's Industry minister Debora Giorgi. The sides exchanged views on current state of......

Azerbaijan, Argentine signed agreement on cooperation in customs sphere

26.02.2011 | Readed: 829

Chairman of Azerbaijan State Customs Committee Aydin Aliyev met with the Head of the Federal Administration of Public Revenues of Argentine, Ricardo Echegaray, within the framework of his visit to Argentine. The sides exchanged views on the activities of the customs services of both......

Azerbaijani ambassador to Poland attends 18th International Economic Forum

17.02.2011 | Readed: 798

Azerbaijan`s ambassador to Poland Hasan Hasanov has attended the 18th International Economic Forum held in the city of Torun. Hasanov addressed the conference entitled "The future of Eastern Partnership" that took place as part of the Forum. The diplomat said Azerbaijan was closely......

EU to assist Azerbaijan in effective use of renewable energy

16.02.2011 | Readed: 826

The European Union and Azerbaijan are currently going through an important stage in the energy sector. Agreements on political matters were reached during recent visit of President of the European Commission Jose Manuel Barroso to Azerbaijan, said Head of the European Union Delegation to......

AGRI project`s feasibility studies agreed

16.02.2011 | Readed: 789

Azerbaijan, Georgia, Romania and Hungary have agreed to prepare the technical-economic feasibility studies of the AGRI project by April 1, 2012. The AGRI (Azerbaijan-Georgia-Romania Interconnector) project envisages the supply of natural gas from Azerbaijan via Georgia to Romania and......

Azerbaijan-Lithuania Business Forum kicks off in Baku

10.02.2011 | Readed: 797

The Azerbaijan-Lithuania business forum supported by the Economic Development Ministry and organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has today commenced here with attendance of visiting speaker of the Litnuania`s Seimas Irena Degutiene. The event......

Azeri PM meets speaker of Lithuanian Seimas

09.02.2011 | Readed: 862

On February 8th Azerbaijan`s Prime Minister Artur Rasizade met with the Lithuanian delegation led by Speaker of the Seimas Irena Degutiene. The PM expressed satisfaction with development of relations between the two countries. Mr. Rasizade praised the interaction in the political......

Azerbaijan and Hungarian Chambers of Auditors sign MoU

09.02.2011 | Readed: 785

The Azerbaijan`s Chamber of Auditors and the Chamber of Hungarian Auditors have signed a memorandum of understanding for cooperation. The document provides for development of cooperation in the field of audit, experience exchange in auditing services and joint activities in this field.......

Azerbaijan and France boost parliamentary cooperation

08.02.2011 | Readed: 798

Speaker of Milli Majlis Ogtay Asadov met with members of France-Azerbaijan working group. Mr. Asadov said relations between Azerbaijan and France were rapidly developing. He said the first foreign visit of President Ilham Aliyev to France as the head of state is a vivid evidence of......

Azerbaijan Central Bank to issue gold memorial coin devoted to 20th anniversary of country`s independence

05.02.2011 | Readed: 859

The Central Bank of Azerbaijan will issue gold memorial coin devoted to the 20th anniversary of Azerbaijan`s independence. The issuance of the coin will be implemented in accordance with the President`s order on the 20th anniversary of restoration of state independence of the Azerbaijan......

Azerbaijan is the only country in CIS not underwent economic crisis, Sergey Lebedev

03.02.2011 | Readed: 838

"Azerbaijan is the only country in CIS not underwent economic crisis. The country could have GDP growth despite of world economic crisis", Sergey Lebedev, the CIS Executive Secretary said, according to the Russian "Rossiyskaya Qazeta". Noting the crisis have mainly impacted the......

Baku hosts Azerbaijan-Greece intergovernmental commission`s third meeting

03.02.2011 | Readed: 795

The third meeting of Azerbaijan-Greece intergovernmental commission on cooperation in economic, industry and technological spheres has been held today here. Addressing the event, co-chair of Azerbaijan-Greece intergovernmental commission, Industry and Energy Minister Natig Aliyev said the......

Azerbaijan and Austria boost cooperation

29.01.2011 | Readed: 776

Azerbaijan`s FM Elmar Mammadyarov met chairman of the Federation of Austrian Industries Veit Sorger to discuss issues of the bilateral cooperation, the ministry said. Mr. Sorger hailed dynamic development of Azerbaijan`s economy and opportunities to make investments in this field. Mr.......

Azerbaijani ambassador in Canada makes presentation about his country in Ottawa

28.01.2011 | Readed: 853

Azerbaijan`s ambassador in Canada Farid Shafiyev made a presentation about "Energy Security and pipeline politics: Azerbaijani perspectives" in an event organized by Society for International Development, Ottawa Gatineau Chapter, in Ottawa. In his presentation, the diplomat gave general......

SOFAZ receives 12 932.6 mln. manats from implementation of oil and gas agreements

28.01.2011 | Readed: 821

According to Executive Director of the State Oil Fund of Azerbaijan Shahmar Movsumov, the Fund`s revenue of 12 932.6 mln. manats was received from implementation of oil and gas agreements, including 12 761.1 mln. manats from the sale of profit oil and gas, 158.7 mln. manats from......

Poland-Azerbaijan audit symposium kicks off in Baku

28.01.2011 | Readed: 812

A Poland-Azerbaijan scientific and practical symposium called "Major problems of audit in contemporary world" has started in Baku. The symposium is co-organized by the Azerbaijani Economists Union, Chamber of Auditors, Azerbaijan University and the Polish National Chamber of Statutory......

Der Spiegel: EU highly values contribution of Azerbaijan to Nabucco project

27.01.2011 | Readed: 832

The European Commission has expressed support for the Nabucco European pipeline project. An article about the prospects of the project was published in Der Spiegel magazine (Germany). The article says that, according to Energy Commissioner Günther Oettinger, the construction of the......

Tbilisi hosts meeting on Baku-Tbilisi-Kars railway project

26.01.2011 | Readed: 744

Members of the coordinating council for the Baku-Tbilisi-Kars railway project came together here Tuesday. The Azerbaijan delegation is led by Transport Minister Ziya Mammadov and Georgian one by Georgian Minister of Development and Infrastructure Ramaz Nikolaishvili. The meeting of both......

Baku to host Poland-Azerbaijan audit symposium

25.01.2011 | Readed: 822

A Poland-Azerbaijan scientific and practical symposium called "Major problems of audit in contemporary world" will be held on January 27-28 in Baku. The symposium will be co-organized by the Azerbaijani Economists Union, Chamber of Auditors, Azerbaijan University and Polish National......

Azeri Industry and Energy Minister, EU Energy Commissioner sign protocol of intent

15.01.2011 | Readed: 788

A protocol of intent was signed between Azerbaijan`s Industry and Energy Minister Natig Aliyev and EU Energy Commissioner Gunther Oettinger. Prior to the signing ceremony, Natig Aliyev and Gunther Oettinger had conversation during which the Azeri Minister briefed Commissioner on the......

Euronews officials tour Sangachal terminal

14.01.2011 | Readed: 862

Chairman of the Supervisory Board of Euronews TV channel Pier Luigi Malesani and Chief Executive Officer Philippe Cayla have visited the Sangachal Terminal, one of the world's largest integrated oil and gas processing terminals, as part of their Azerbaijan trip. Located 45km south of......

Azerbaijan, Iran: relations high level

13.01.2011 | Readed: 755

On January 12th Azerbaijan`s Foreign Minister Elmar Mammadyarov met Iranian minister of petroleum Seyed Masoud Mir Kazemi. Mammadyarov congratulated the Iranian minister on his country`s assuming Presidency of OPEC in 2011, and wished him successes in this period. Seyed Masoud Mir......

Canadian magazine highlights Azerbaijan`s economic accomplishments

13.01.2011 | Readed: 799

The "Diplomat and International Canada" magazine has published an article "Azerbaijan, Georgia, Armenia: East confronts West" by Fen Osler Hampson, Director of the Norman Paterson School of International Affairs, Carleton University, Ottawa. According to the Azerbaijani embassy to......


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