Economy

First test container train arrives in Baku on Shikhezi-Dostik-Aktau-Alat route

04.08.2015 | Readed: 3827

The first test container train "Nomand express" has today arrived at Baku International Sea Port from China on Shikhezi (China)-Dostik-Aktau-Alat route. The ceremony to welcome the train was attended by First Deputy Premier......

Standard & Poors approves credit rating for Azerbaijan

01.08.2015 | Readed: 3824

Standard & Poors credit rating for Azerbaijan stood at BBB-. Fitchs credit rating for Azerbaijan is BBB-. "The Euro decreased to 1.10 US dollars in July from 1.11 in June of 2015.......

SOCAR President meets Georgian Premier

28.07.2015 | Readed: 3817

President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met Georgian Prime Minister Irakli Garibashvili as part of his visit to the country. They discussed economic relations, investment, joint projects......

Iran to host 5th International Conference on Management of Technology

28.07.2015 | Readed: 3817

The 5th International Conference on Management of Technology (IRAMOT 2015) will be held in Iran on December 16-17. The conference topics include Strategy Technology Planning, Management of Technology Transfer and Learning,......

UN chief: Major step forward with Addis Ababa Action Agenda

21.07.2015 | Readed: 3741

A major step forward in building a world of prosperity and dignity for all has been achieved, said the UN Secretary-General Ban Ki-moon, according to the United Nations Radio. Ban Ki-moon was commenting on the outcome of the......

Two new contracts signed on "Shah Deniz Stage 2” project

24.06.2015 | Readed: 4255

Two new contracts worth $363 million have been signed on "Shah Deniz Stage-2" project. According to bp-Azerbaijan, Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects continue to move forward at pace with significant progress already achieved......

Oil price on world markets

24.06.2015 | Readed: 4166

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 $0.41 to stand at $60.38. Price of British......

TAIEX workshop on managing flow of passengers and cargo during major sport events launched in Baku

22.05.2015 | Readed: 2049

  The European Union (EU)......

Azerbaijani ICT Minister meets President of TeliaSonera

06.05.2015 | Readed: 2013

Azerbaijan`s Minister of Communications and High Technologies Ali Abbasov has met a delegation led by President and CEO of group of companies TeliaSonera Johan......

Samir Sharifov: Azerbaijan for the short period transformed from a low-income to a middle-income country

05.05.2015 | Readed: 1997

  Azerbaijan for the short......

Baku hosts ADB Governors’ 48th Annual Meeting

04.05.2015 | Readed: 1904

  On May 2nd, the 48th......

Belgian companies keen in expansion of energy cooperation with Azerbaijan

30.04.2015 | Readed: 1920

  On April 29th President......

Azerbaijani delegation attends 7th World Water Forum

16.04.2015 | Readed: 2055

Azerbaijani delegation is attending the 7th World Water Forum held in Korean Daegu and Gyeongju......

Azvirt to be hired on more infrastructure projects in Serbia

16.04.2015 | Readed: 1854

Serbia invites Azerbaijani companies to build a ring road around Belgrade, Prime Minister of Serbia Aleksandar Vucic said during the Azerbaijani-Serbian business......

18th Eurasian Economic Summit kicks off in Turkey

09.04.2015 | Readed: 1820

On April 8th, the 18th Eurasian Economic Summit started in......

Fluor Selected as Project Management Contractor for OGPC Project of SOCAR

31.03.2015 | Readed: 1964

The State Oil Company of Azerbaijan Republic (SOCAR), as a result of the bidding process, awarded Fluor Limited a contract to provide project management contractor......

Fitch Affirms Azerbaijan at 'BBB-'; Outlook Stable

14.03.2015 | Readed: 1932

Fitch Ratings has affirmed Azerbaijan's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'. The Outlooks are Stable. The issue ratings on......

Azerbaijan, US discuss how to expand bilateral cooperation

06.03.2015 | Readed: 1955

On March 5th, Azerbaijan`s Minister of Finance, co-chair of the Azerbaijan-US Intergovernmental Commission on economic cooperation Samir Sharifov met newly appointed U.S. Ambassador to the country Robert......

Baku hosts Azerbaijan-Czech business forum

04.03.2015 | Readed: 1790

Azerbaijan-Czech business forum kicked off in Baku within the framework of visit of the Czech delegation led by Minister of Industry and Trade Jan Mladek. The event brought together more than 150 businessmen from both sides operating in the fields of......

Silk Way Group to purchase three Boeing 747-8 Freighters

02.03.2015 | Readed: 1896

Azerbaijan`s Silk Way Group will purchase three 747-8 Freighter airplanes as the company signed an agreement with Boeing. The agreement was signed by President of Silk Way Group Zaur Akhundov and Vice-president of Boeing Commercial Airplanes Marty Bentrott.......

Number and average monthly salary of employees engaged in transport, information and communication enterprises in 2014

21.02.2015 | Readed: 1841

In 2014 average number of employees engaged in transport enterprises formed 73.5thousand in 2014, 71.6% of them worked in state enterprises, 28.4% in private sector. 50.9 % of employees worked in surface and pipeline, 11.7 % in water, 16.4% in air transport and......

“Azerbaijani tax system: Realities and Prospects” Forum kicks off in Baku

10.02.2015 | Readed: 1841

The Tax Forum themed “Azerbaijani tax system: Realities and Prospects” dedicated to the 15th anniversary of the establishment of the Taxes Ministry in Azerbaijan today kicked off in Baku. The forum also gathered representatives of the Cabinet of......

Azerbaijani, Kazakh customs committees ink engagement plan

10.02.2015 | Readed: 1801

The international trade development between Azerbaijan and Kazakhstan is envisaged in the bilateral engagement plan for 2015-2016s signed in Baku. As was noted, the two countries intend to expand the foreign trade operations, which do not reflect the......

Azerbaijan and Russian Customs Services sign documents

05.02.2015 | Readed: 1834

On February 4th, a delegation led by the Russian Federal Customs Service Director Andrei Belyaninov who is on two days official visit to Azerbaijan met the Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev to sign documents on this......

Standard & Poors credit rating for Azerbaijan stands at BBB

31.01.2015 | Readed: 1761

Standard & Poors credit rating for Azerbaijan stood at BBB-. Moodys rating for the country`s sovereign debt is Baa3. Fitchs credit rating for Azerbaijan is BBB-. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness......

Azerbaijan, Gabon discuss customs cooperation

27.01.2015 | Readed: 1700

Chairman of the State Customs Committee of Azerbaijan Aydin Aliyev has met a Gabonese delegation led by Deputy Minister of Economy, Investment Promotion and Planning Marie Julie Bilogo Bi-Nzendong to discuss cooperation in the customs field. Highlighting......

Prices for local petrol and diesel fuel returned to previous level on Azerbaijani President’s instructions

15.01.2015 | Readed: 1610

In accordance with the instructions of the President of Azerbaijan Ilham Aliyev the Tariff (Price) Council cancelled the increase of prices for petrol AI-92 and diesel oil of local production. According to the Tariff Council, today, on behalf of the......

Oil price on world markets

09.01.2015 | Readed: 1627

Oil prices have changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $0.62 to trade at $49.08, as well price of British Brent crude oil at the London ICE......

Turkish stretch of TANAP to be laid in the first quarter of coming year

09.12.2014 | Readed: 2882

Works on the Trans-Anatolian Natural Gas Pipeline (TANAP) project are in success. The project has completed tenders for the supply of pipe lines. The announcement of the construction tenders is nearly completed, President of the State Oil Company of Azerbaijan......

Baku hosts conference of Heads of National Training Centers for WCO Europe Region

09.12.2014 | Readed: 2897

The World Customs Organization today held the Conference of Heads of National Training Centers on strengthening the capacity of the European region in the capital of Azerbaijan. The meeting dedicated to the WCO Regional Office for Capacity Building in......

Azerbaijan, China sign grant agreement

09.12.2014 | Readed: 2839

A grant agreement between the Government of the People’s Republic of China and the Government of the Republic of Azerbaijan was signed. Under the signed document, the Chinese government will allocate a grant in the amount of 30 mln Chinese yuan ($4,5......

BSEC customs officials convene in Baku

27.11.2014 | Readed: 3008

A meeting of the heads of customs administrations of member states of the Organization of Black Sea Economic Cooperation (BSEC) has kicked off in Baku. The two-day meeting is attended by delegates from Azerbaijan, Bulgaria, Romania, Ukraine, Greece,......

International industry conference kicks off in Baku

27.11.2014 | Readed: 1888

An international conference on entitled " Industrialization in the 21st century: main trends of industrial policy, a modern approach and practices" has started in Baku. Opening the event,......

Milli Majlis discusses 2015 state budget package

19.11.2014 | Readed: 2246

Milli Majlis of the Republic of Azerbaijan started discussions on state budget package of Azerbaijan for 2015. 3-day discussions of budget package will include draft laws on “Azerbaijan’s state budget for 2014”, “The budget of the State Social......

"Baku Steel Company" LLC awarded the prize of "Metallurgical Company of the Year"

18.11.2014 | Readed: 2308

A flagship of the modern metallurgy of Azerbaijan Republic - Baku Steel Company LLC is the first up-to-date steelworks in the Caucasus region. The president of Georgia Giorgi Margvelashvili presented “Caspian Energy Award” on nomination......

Baku hosts 7th International Banking Conference

15.11.2014 | Readed: 2032

On November 14th, the 7th International Banking Conference kicked off in Baku under the support of CIS Financial and Banking Council, International Bank of Azerbaijan (IBA) and CIS Executive Committee. Opening the conference, Chairman of the CIS......

Iranian Minister: Hassan Rouhani`s visit will contribute significantly to the deepening of our relations with Azerbaijan

11.11.2014 | Readed: 1926

The Iranian Minister of Communications and Information Technology has expressed confidence that the forthcoming visit of President Hassan Rouhani to Azerbaijan will be an important step towards developing relations between the two countries. “The visit of......

Azerbaijan, Poland discuss cooperation in agrarian field

05.11.2014 | Readed: 1977

Azerbaijan and Poland have explored ways of developing cooperation in agrarian field as the country`s Minister of Economy and Industry Shahin Mustafayev met Polish Minister of Agriculture and Rural Development Marek Sawicki. They exchanged views on the......

Hungarian delegation visits SOFAZ

04.11.2014 | Readed: 1878

Executive director of the State Oil Fund of the Azerbaijan Republic (SOFAZ) Shahmar Movsumov has today met a delegation led by Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto. The sides discussed the current state and prospects of economic......

Baku hosts conference on “Baku-Tbilisi-Kars railway line - new opportunities for the development of the historical Great Silk Road”

17.10.2014 | Readed: 2806

An international conference titled “Baku-Tbilisi-Kars railway line – new opportunities for the development of the historical Great Silk Road” has been held in Baku. The event brought together representatives of European and Asian countries,......

Azerbaijani, Uzbek customs committees sign cooperation plan

15.10.2014 | Readed: 2619

Azerbaijan and Uzbekistan have signed a plan of cooperation in the fields of customs for 2015-216 and a protocol on the initial exchange of information between the two countries’ customs services about goods and vehicles passing the state border. The......

Azerbaijan, Iran discuss ICT cooperation

11.10.2014 | Readed: 2296

Azerbaijani Minister of Communications and High Technologies Ali Abbasov has today met Chairman of the Islamic Republic of Iran Broadcasting (IRIB) Ezzatollah Zarghami. During the meeting, they discussed cooperation prospects between the two countries in......


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