Economy

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

11.06.2011 | Readed: 979

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: 873

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: 911

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: 913

{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: 923

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: 894

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: 916

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: 918

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: 872

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: 968

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: 887

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: 871

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: 877

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: 907

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: 884

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: 916

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.......

Business forum "Azerbaijan-leading economy of Caucasus. Azerbaijan`s investment potential" held in London

13.05.2011 | Readed: 929

A business forum "Azerbaijan-leading economy of Caucasus. Azerbaijan`s investment potential" with support of Azerbaijani embassy to UK, European-Azerbaijani Society and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) held in London. The event brought together officials......

Azeri top diplomat meets Serbian deputy FM

12.05.2011 | Readed: 919

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: 869

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: 902

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: 869

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: 890

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: 865

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: 883

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: 956

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: 851

"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: 896

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: 870

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: 890

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: 873

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: 897

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: 905

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: 941

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: 884

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: 906

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: 969

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: 882

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: 910

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: 865

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: 891

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: 866

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: 865

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......


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