Economy

AZAL warns passengers traveling with Samsung Galaxy Note 7 smartphone

16.09.2016 | Readed: 688

In accordance with the recommendations of the European Aviation Safety Agency (EASA), Azerbaijan Airlines asks passengers not to use Samsung Galaxy Note 7 smartphone or charge it......

Asan Imza presented at Russian PKI Forum 2016

15.09.2016 | Readed: 768

The 14th international conference on public key infrastructure (PKI) and e-signature - “PKI-Forum Russia 2016” has today started in Saint Petersburg under the organization of......

Ukraine, Georgia agreed on organization of direct international railway-ferry service

14.09.2016 | Readed: 671

On Tuesday, September 13, at the International Maritime forum held in Batumi, an Agreement was signed between the governments of Ukraine and Georgia on the organization of direct international railway traffic through the ports of Ukraine and Georgia, according to......

Azeri Light oil price is more than $50 on world markets

09.09.2016 | Readed: 682

The price of a barrel of Azeri Light crude oil increased $2.46 to stand at $50.51 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil fell $0.38 to stand at $46.06. Price of the Brent crude oil at the London ICE (InterContinental Exchange......

Azerbaijan Railways can attract foreign loans

08.09.2016 | Readed: 669

Chairman of Azerbaijan Railways Javid Qurbanov has said the company could attract foreign loans. "If we manage to attract low interest loans for a 20 or 25 year term, it will be spent for financing projects carried out by Azerbaijan Railways,” he......

Baku-Ganja speed train to be launched by the end of 2017

08.09.2016 | Readed: 762

Baku-Ganja speed train is expected to be commissioned by the end of 2017, chairman of Azerbaijan Railways Javid Gurbanov told journalists. He said trains would go with a speed of 100-140 kilometres per hour on this......

Azerbaijan, Iran mull over use of storage facilities

06.09.2016 | Readed: 709

Azerbaijan`s state oil company SOCAR can provide Iran with its gas storage tanks, President of SOCAR Rovnag Abdullayev has told reporters. He said that the matter rests in small amounts of 1-2 billion cubic meters of......

SOCAR ‘not in talks’ to buy Gazprom gas

06.09.2016 | Readed: 646

President of Azerbaijan`s state oil firm (SOCAR) Rovnag Abdullayev has said the company is not conducting any talks with Russian giant Gazprom on gas purchases. "We needed technical gas to inject into reservoirs. We will buy......

Azeri Light oil price increases on world markets

05.09.2016 | Readed: 688

The price of a barrel of Azeri Light crude oil increased $0.70 to stand at $47.11 on the world markets.

AZERTAC

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Azerbaijan Airlines announces recruitment of female flight attendants

02.09.2016 | Readed: 633

CJSC Azerbaijan Airlines (AZAL) announces admission of documents from females for a flight attendant position. The documents will be received from 10:00 to 12:00, from September 1 to October 1. The candidates will be......

Azerbaijan Airlines announces 20% discount within new autumn campaign

01.09.2016 | Readed: 735

Azerbaijan Airlines (AZAL) announced the launch of a new autumn campaign, timed to Gurban holiday. A 20% discount will be applied when buying round-trip air tickets in the period from September 5 to 30, 2016 to/from Baku to......

First gas from Absheron field expected in 2019

31.08.2016 | Readed: 619

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Azerbaijan produces 82-88 million cubic meters of natural gas and 115000-120000 tons of oil daily

30.08.2016 | Readed: 656

"Azerbaijan produces 82-88 billion cubic meters of natural gas and 115-120 thousand tons of oil daily," Azerbaijan’s Deputy Energy Minister Natig Abbasov stated at the first Eurasia Conference on “Emerging energy economies in the Caspian regions: Changes and......

1st IAEE Eurasian Conference kicks off in Baku

29.08.2016 | Readed: 711

The First Eurasian Conference organized by the International Association for Energy Economics (IAEE) to focus on the energy economics emerging from the Caspian region has kicked......

Baku to host congress of Association of Turkish Consulting Engineers and Architects

26.08.2016 | Readed: 638

  Baku will host the next congress of the Association of Turkish Consulting Engineers and Architects called “mega-projects in the energy and transport”, on......

Azeri Light oil price increases on world markets

24.08.2016 | Readed: 640

Oil prices have risen in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0,69 to stand at $48.10. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $0,80 to trade......

Another meeting of Azerbaijan-China Intergovernmental Commission on trade and economic cooperation held in Baku

20.08.2016 | Readed: 748

The sixth meeting of the Azerbaijan-China Intergovernmental Commission on trade and economic cooperation took place in Baku. Deputy Prime Minister and Co-chair of the Commission, Abid......

Cooperation between Iran, Azerbaijan in the field of standardization is ‘important’

15.08.2016 | Readed: 636

Chairperson of the Iranian National Standards Organization Nire Purizbakht has hailed the importance of Iranian-Azerbaijani cooperation in the field of standardization. "The Iranian National Standards Organization is ready for cooperation with the State Committee......

Loan portfolio of banks and non-bank credit institutions totals nearly 18.5bn m

15.08.2016 | Readed: 681

According to Azerbaijan`s Central Bank, the total loan portfolio of banks and non-bank credit institutions in the country amounted to 18,434,200,000 manats as of July 1. Official figures show that of this amount 14,374,900,000 manats were allocated in long-term loans. The Central......

People`s savings in banks increase by 2.1 per cent, Azerbaijan`s Cental Bank

13.08.2016 | Readed: 678

The amount of the people`s savings in banks made 7,815,600,000 manats as of July 1 to see a 2.1 per cent growth, according to the Central Bank of Azerbaijan (CBA). CBA said 80.6 per cent of savings are kept in foreign and 19.4 per cent in national currency. 77.6 per cent of savings......

Erdogan: SOCAR`s projects significantly contribute to economic development of two brotherly countries

04.08.2016 | Readed: 636

President of Turkey Recep Tayyip Erdogan has hailed the role of Azerbaijan`s state oil firm, SOCAR, in developing his country`s economy. “SOCAR`s projects significantly contribute to economic development of our two......

15 million tons of Azerbaijani oil transported via BTC in 2016

13.07.2016 | Readed: 799

2 million 489 thousand 988 tons of Azerbaijani oil was transported via Baku-Tbilisi-Ceyhan-BTC main export pipeline in June 2016. According to the press service of SOCAR, 14 mln 930 thousand 790 tons of oil was exported from......

Oil price on world markets

13.07.2016 | Readed: 775

The price of oil rose again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $1.48 to stand at $46.31. Price of the Brent crude oil at the......

Ukrainian flour producer interested in cooperation with Azerbaijani entrepreneurs

12.07.2016 | Readed: 729

Ukrainian company “Stolichnaya Melnitsa” has expressed its interest in cooperating with Azerbaijani entrepreneurs, according to Azerbaijan Export and Investment Promotion Foundation. Based in Kiev, the company is one of......

Seoul hosts first meeting of Azerbaijan-Korea Joint Commission on Economic Cooperation

16.06.2016 | Readed: 902

The first meeting of the Joint Commission on Economic Cooperation between the Government of the Republic of Azerbaijan and the Government of the Republic of Korea has kicked off in Seoul. Prior to the meeting, co-chaiman of......

Spain hosts second meeting of International Network for UNESCO Silk Road Online Platform

11.06.2016 | Readed: 841

The second meeting of the International Network for the UNESCO Silk Road Online Platform is taking place in Valencia, Spain. Turkish Embassy to Spain has hosted cultural event within the second......

Seoul to host first meeting of Azerbaijan-Korea Joint Commission on Economic Cooperation

11.06.2016 | Readed: 965

The first meeting of the Joint Commission on Economic Cooperation between the Government of the Republic of Azerbaijan and the Government of the Republic of Korea will be held in Seoul on June 14. The Joint Commission on......

Two freight trains from China to travel to Georgia crossing Azerbaijan’s territory

11.06.2016 | Readed: 1035

The first freight train from India to Russia passing through the territory of Azerbaijan will be launched in late August 2016 as part of the North-South Project, Javid Gurbanov, head of the Azerbaijan Railways CJSC......

Trans Adriatic Pipeline holds ceremony to mark start of construction

18.05.2016 | Readed: 952

Under the auspices of Alexis Tsipras, Prime Minister of the Hellenic Republic, the Trans Adriatic Pipeline (TAP) marked the start of construction of the pipeline project. The significance of TAP as a strategic piece of the......

Azerbaijani Ambassador in Rome presents letter of credence to FAO Director-General

20.04.2016 | Readed: 1011

Azerbaijan`s Ambassador to Italy Mammad Ahmadzade has presented a letter of credence to Director-General of the UN Food and Agriculture Organization (FAO) Jose Graziano da Silva as he was appointed the permanent representative of the country to the UN agencies in......

Azerbaijan joins international TransRussia exhibition

20.04.2016 | Readed: 1049

A delegation of the Azerbaijani Railways has participated in the international TransRussia exhibition. The exhibition is the largest business event for transport and logistics services, technologies and......

Natig Aliyev: Contradictions within OPEC prevented success at Doha talks

20.04.2016 | Readed: 977

The internal contradictions in the OPEC (Organization of the Petroleum Exporting Countries) hampered to achieve success during the talks of oil-producing countries in Doha, said Natig Aliyev, Azerbaijani energy minister. The......

First TAP pipes arrive in Albania

20.04.2016 | Readed: 1304

The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in the Main Marshalling Yard of TAP, in the vicinity of......

Rosselkhoznadzor`s delegation to visit Azerbaijan

14.03.2016 | Readed: 1255

A delegation of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) will visit Azerbaijan on March 14-18. Rosselkhoznadzor experts will inspect the certification system of foods and......

Baku to host Caspian – Black Sea Agrarian Congress

12.03.2016 | Readed: 1227

One of the most significant events of the agricultural sector, Caspian and Black Sea Agrarian Congress will take place in Baku, on April 12-13. The all-Ukrainian public organization Ukrainian Grain Association and the......

Azeri Light sells for 41,06

12.03.2016 | Readed: 1436

Oil prices have again changed on the world markets, with a barrel of Azeri Light crude trading at $41,06.

AZERTAC

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Azerbaijan, Georgia sign four documents on natural gas supply

05.03.2016 | Readed: 1202

President of Azerbaijan`s State Oil Company (SOCAR) Rovnag Abdullayev and Georgian Deputy Prime Minister and Minister of Energy Kakha Kaladze have signed four documents on natural gas supply from Azerbaijan to Georgia. The......

Azerbaijan`s Economy Minister meets IMF delegation

01.02.2016 | Readed: 2426

Azerbaijan`s Minister of Economy Shahin Mustafayev has met a delegation of the International Monetary Fund (IMF). They discussed how to expand cooperation between Azerbaijan and the IMF, unstable situation on the world......

Azerbaijan is working to establish ECO research center, Minister

01.02.2016 | Readed: 2291

“The Institute for Scientific Research on Economic Reforms (ISRER) is currently working to establish a research center of the Economic Cooperation Organization (ECO),” said Azerbaijani Minister of Economy Shahin Mustafayev during his meeting with ECO’s......

European Union wants to see Azerbaijan's products on its market

29.01.2016 | Readed: 2274

European Union has a large market, it wants to see Azerbaijani agricultural products on its market, said Malena Mard, head of EU Delegation in Azerbaijan, in her interview with journalists. She noted that EU market is very......

President Ilham Aliyev: The future of Azerbaijan's economy

22.01.2016 | Readed: 2122

The official website of the World Economic Forum has published an article by President of the Republic of Azerbaijan Ilham Aliyev headlined “The future of Azerbaijan's economy”. AZERTAC presents the......

Oil price on world markets

15.12.2015 | Readed: 3562

The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $2.03 to stand at $37.47. Price of the Brent crude oil at the London ICE......


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