Economy

2nd Baku Forum of Economic Think-Tanks of ECO member states kicks off

02.10.2014 | Readed: 2748

The 2nd “Forum of the ECO Economic Think Tank Centers” and the 2nd “International Conference on Energy, Regional Integration and Socio-economic Development” kicked off in Baku. The Meetings is hosted by the Institute for Scientific Research on Economic......

Tallinn hosts 2nd meeting of intergovernmental commission on trade and economic cooperation between Azerbaijan and Estonia

02.10.2014 | Readed: 1824

The 2nd meeting of the intergovernmental commission on trade and economic cooperation between Azerbaijan and Estonia has been held in Tallinn. An Azerbaijani delegation led by Minister of Communications and High Technologies Ali Abbasov attended the......

Baku hosts next meeting of Azerbaijan-Russia Intergovernmental Commission

16.09.2014 | Readed: 2554

Baku has hosted the 14th meeting of Azerbaijan-Russia Intergovernmental Commission on economic cooperation. First Deputy Prime Minister of Azerbaijan Yagub Eyyubov praised the holding of the meeting of the intergovernmental Commission after a long......

bp-Azerbaijan holds career forum for Azerbaijan students and alumni

09.09.2014 | Readed: 2600

Bp-Azerbaijan hosted a career forum for Azerbaijani national overseas students and graduates specializing in the oil and gas industry related disciplines. The event is part of BP’s and its co-ventures’ commitment to supporting the country’s efforts in......

Azerbaijan, Germany mull economic ties

03.09.2014 | Readed: 2510

On September 2nd Azerbaijan`s Minister of Economy and Industry Shahin Mustafayev met with a German delegation comprising Hanns-Eberhard Schleyer, chairman of the Board of the German-Azerbaijani Forum, former Secretary General of......

State-of-the-art production areas launched at Baku Steel Company after major overhaul

23.07.2014 | Readed: 2560

Baku Steel Company LLC has launched new state-of-the production areas after a major overhaul aimed at increasing the facility`s production capacity and export potential. A solemn ceremony was held to inaugurate the production......

Azerbaijan, EU discuss cooperation prospects

18.07.2014 | Readed: 2506

Azerbaijan and the European Union have held discussions under the EU`s regional energy co-operation programme (INOGATE). Co-organized by Azerbaijan`s Ministry of Energy and INOGATE Technical Secretariat, the event discussed a......

Baku hosts Azerbaijani-Russian business forum

16.07.2014 | Readed: 2650

An Azerbaijani-Russian business forum has kicked off in Baku bringing together representatives of a total of about 60 companies from both countries specializing in a variety of fields, including agriculture,......

Ankara hosts 7th meeting of Azerbaijan-Turkey Intergovernmental Joint Economic Commission

12.07.2014 | Readed: 2622

The 7th meeting of the Azerbaijan-Turkey Intergovernmental Joint Economic Commission has been held in Ankara. An Azerbaijani delegation led by Deputy Prime Minister, co-chair of the commission Abid Sharifov met with Turkish......

SOFAZ Executive Director attends EITI Board Meeting in Mexico

03.07.2014 | Readed: 2183

An Azerbaijani delegation led by Executive Director of the State Oil Fund Shahmar Movsumov is participating in the 27th Extractive Industries Transparency Initiative (EITI) Board Meeting in Mexico. EITI is a special......

Azerbaijani Minister of Economy and Industry meets Russian Minister of Regional Development

24.06.2014 | Readed: 2166

Azerbaijani Minister of Economy and Industry Shahin Mustafayev has met Russian Minister of Regional Development Igor Slyunyayev on the sidelines of the 5th Azerbaijan-Russia Interregional Forum in Gabala. Mr. Mustafayev hailed......

5th Azerbaijan International Insurance Forum kicks off in Baku

20.06.2014 | Readed: 2314

The 5th Azerbaijan International Insurance Forum has started in Baku, brining together representatives of more than 250 local and foreign companies, experts from the UK, Germany, Belgium, France, Germany, Turkey and Russia. The......

Pasha Life Insurance wins award at FIAR 2014

04.06.2014 | Readed: 2884

The “Pasha Life Insurance” company has won a special award for success in life insurance market. The company won the award on the sidelines of the International Insurance and Re-insurance......

Azerbaijan-Vietnam business forum held in Hanoi

20.05.2014 | Readed: 2924

On May 19th an Azerbaijan-Vietnam business forum took place in Hanoi as part of a state visit by Azerbaijani President Ilham Aliyev. Speaking to the forum, Vietnamese Deputy Minister of Industry and Trade Nguyen Cam......

Azerbaijan, Brazil discuss relations in customs sphere

20.05.2014 | Readed: 2836

On May 19th Chairman of Azerbaijan`s State Customs Committee Aydin Aliyev met Undersecretary of Customs and International Relations at the Secretariat of the Federal Revenue of......

SOCAR, RWE Dea to study hydrocarbon prospectivity in Caspian Sea

07.05.2014 | Readed: 2878

The State Oil Company of the Azerbaijan Republic (SOCAR) and German RWE Dea have signed a Joint Study Agreement that will see the two companies evaluate the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea in close......

Azerbaijani government, ADB sign agreement on 4th tranche of Road MFF 2007

06.05.2014 | Readed: 2487

On May 5th Azerbaijan and the Asian Development Bank (ADB) signed a loan agreement on the 4th tranche of Multi-Tranche Financing Facility (MFF) of Road Network Development Program. The deal was inked by finance minister of......

SOCAR Vice-President: We are committed to supplying gas to EU

03.05.2014 | Readed: 2041

Vice-President of Azerbaijan`s State Oil Company (SOCAR) Elshad Nasirov has expressed the country`s commitment to boost the European Union`s gas supply as he was interviewed by CNN. He touched upon the Southern Gas Corridor......

Azerbaijani, Spanish businessmen come together in Baku

25.04.2014 | Readed: 2246

On April 24th an Azerbaijani-Spanish business forum started in Baku. Organized by the Azerbaijani export and investment promotion foundation, AZPROMO, the event brings together businessmen from a wide range of fields of......

Azerbaijan, Spain discuss prospects for cooperation

25.04.2014 | Readed: 1731

On April 24th Azerbaijani Minister of Economy and Industry met a delegation led by Minister of Foreign Affairs and Cooperation of the Kingdom of Spain Jose Manuel Garcia-Margallo to discuss prospects for cooperation between the two......

SOFAZ Supervisory Board holds next meeting

25.04.2014 | Readed: 1585

A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on April 24. The meeting, chaired by Prime Minister of Azerbaijan and Chairman of the Supervisory Board Artur Rasizadeh,......

1st International Caspian Energy Forum–2014 starts in Baku

24.04.2014 | Readed: 1617

On April 23rd, the 1st International Caspian Energy Forum–2014 kicked off in Baku. Organized by the Caspian Energy International Media Group, the forum brings together 300 delegates from 50 countries. The forum is......

Azerbaijan-Cambodia business forum held in Baku

23.04.2014 | Readed: 1371

An Azerbaijan-Cambodia business forum has been held in Baku. Organized by Azerbaijan`s Economy and Industry Ministry in partnership with AZPROMO, the forum brought together......

Azerbaijan Chamber of Auditors, Georgian Federation of Professional Accountants and Auditors sign MoU

17.04.2014 | Readed: 1547

On April 16th Azerbaijan Chamber of Auditors and the Georgian Federation of Professional Accountants and Auditors (GFPAA) signed an agreement on Mutual Understanding. Speaking to the signing ceremony, which took place in Baku,......

Azerbaijan presents audit service development concept

12.04.2014 | Readed: 1733

On April 11th Azerbaijan presented its Concept of Development of the Audit Service for the years 2012-2020. The concept was developed in accordance with 2012-2015 National Anti-Corruption Action......

New major contracts signed as part of Shah Deniz project

11.04.2014 | Readed: 1716

The consortium for the development of the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea has signed a contract with the consortium consisting of BOS......

Baku hosts Azerbaijan-Montenegro business meeting

07.04.2014 | Readed: 1897

Supported by Azerbaijan`s Ministry of Economy and Industry, an Azerbaijan-Montenegro business meeting has been held in Baku. The event, organized by the Azerbaijan Export & Investment Promotion Foundation (AZPROMO), brought......

Azerbaijan-Russia business forum kicks off in Baku

04.04.2014 | Readed: 1835

On April 3rd an Azerbaijan-Russia business forum kicked off in Baku as part of a visit by Deputy Chairman of the Government of Stavropol Region Andrey Murga. Organized by Azerbaijan Export and Investment Promotion......

Azerbaijan, Germany eye economic cooperation

31.03.2014 | Readed: 1812

Head of Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov has met Chairman of the German-Azerbaijani Forum Hans Eberhard Schleyer and his accompanying delegation. They discussed how to boost......

Baku hosts Azerbaijan-Russia business forum

14.03.2014 | Readed: 2503

On March 13th Azerbaijani and Russian businessmen came together in Baku for a business forum. Organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), the forum......

“2020 & Beyond: Accelerating Economic Development” Azerbaijan Investment Summit kicks off

13.03.2014 | Readed: 2210

On March 12th an Azerbaijani Investment Summit themed “2020 & Beyond: Accelerating Economic Development” commenced in capital Baku. The summit has assembled an international audience......

Changes will be made to SOFAZ budget, Executive Director

13.03.2014 | Readed: 2088

Some changes will be made to the budget of the State Oil Fund of the Azerbaijan Republic (SOFAZ), its Executive Director Shahmar Movsumov has told journalists. “A total of $51m will be spent to......

Round table on “Shahdeniz-2” and “Southern Gas Corridor” held in Washington

06.03.2014 | Readed: 2163

On March 4th a round table titled “Shahdeniz-2” and “Southern Gas Corridor” was held at the Center for Strategic and International Studies (CSIS), in Washington, the U.S. The event was moderated by senior......

Baku-Tbilisi-Kars Railway Project Coordination Council convenes in Baku

25.02.2014 | Readed: 2005

The 18th meeting of the Baku-Tbilisi-Kars Railway Project Coordination Council has started in Baku. The meeting was co-chaired by Azerbaijani Transport Minister Ziya Mammadov and Georgian Vice-Prime......

“Tax system of Azerbaijan: realities and prospects” forum starts in Baku

07.02.2014 | Readed: 2691

On February 6th, the 3rd tax forum kicked off in Baku. Titled “Tax system of Azerbaijan: realities and prospects”, the 2-day event brings together representatives of international organizations and NGOs, as well as banks employees, businessmen and......

Azerbaijan, EU discuss energy cooperation

01.02.2014 | Readed: 2492

Azerbaijan`s Minister of Energy Natig Aliyev has met head of the European Union Delegation to the country Malena Mard to discuss energy cooperation. They commended the progress of relations between Azerbaijan and the European......

SOFAZ Revenue and Expenditure Statement for January-December 2013

29.01.2014 | Readed: 2552

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-December, 2013 reached 13 600.5 million manats, while budget expenditures constituted 12 302.7 million manats. Revenue of 13......

Azerbaijan-Hungary business forum kicks off in Baku

28.01.2014 | Readed: 2459

On January 27th an Azerbaijani-Hungarian business forum has started in Baku as part of a visit of Hungarian State Secretary for Foreign Affairs and External Economic Relations Peter Szijjarto. The event, co-organized by the......

Davos hosts Night of Azerbaijan under motto “SOCAR - Energy of Azerbaijan”

24.01.2014 | Readed: 1787

On January 22th the Night of Azerbaijan under the motto “SOCAR - Energy of Azerbaijan” was held in Davos. The Night of Azerbaijan was organized in Davos for the third time. The goal of the event is to promote......

WCO regional conference kicks off in Baku

23.01.2014 | Readed: 1402

On January 22nd the 1st regional conference of the European Heads of National Training Centers of the World Customs Organization (WCO) kicked off in Baku. Addressing the event, chairman of Azerbaijan State Customs Committee,......

Azerbaijani Minister of Agriculture attends 6th Berlin Agriculture Ministers' Summit

22.01.2014 | Readed: 1224

Azerbaijan`s Minister of Agriculture Heydar Asadov attended the 6th Berlin Agriculture Ministers' Summit. With over 1.500 participants, among them 72 Ministers from around the world this year, the GFFA is a unique political......

TAP and Interconnector Greece-Bulgaria Sign Memorandum of Understanding on Technical Cooperation

09.01.2014 | Readed: 1542

The Trans Adriatic Pipeline AG (TAP) and Interconnector Greece-Bulgaria (ICGB), the company in charge of the development, financing and construction of the Interconnector Greece-Bulgaria (IGB), have signed a memorandum of understanding......


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