Economy

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

26.08.2016 | Readed: 722

  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: 732

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: 839

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: 721

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: 778

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: 771

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: 723

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: 870

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: 853

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: 815

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: 992

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: 947

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: 1053

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: 1131

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: 1047

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: 1081

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: 1130

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: 1044

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: 1391

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: 1332

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: 1295

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: 1514

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: 1279

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: 2510

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: 2369

“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: 2376

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: 2194

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: 3654

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......

MONEYVAL approves voluntary report on progress submitted by Azerbaijani government

15.12.2015 | Readed: 3739

As earlier reported, the 49th plenary session of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) was held on December 8-11 in Strasbourg. At the plenary......

Kenan Yavuz: Azerbaijan will completely use throughput capacity of TANAP

15.12.2015 | Readed: 3625

“Azerbaijan will completely use throughput capacity of Trans-Anatolian gas pipeline - TANAP”, Head of SOCAR Turkey Energy Kenan Yavuz told Turkish BloombergHT TV channel. Yavuz said that, TANAP has a balanced throughput......

Azerbaijani diplomat on development of bilateral relations

15.12.2015 | Readed: 3607

Italy’s influential newspaper “La Reppublica” has published the interview with the Azerbaijani diplomat Vugar Hajiyev, counsellor of Azerbaijani Embassy in this country. Touching upon the numerous aspects of bilateral......

Azerbaijan’s First Lady attends Business 20-Women 20 joint panel at G20 Summit in Antalya

17.11.2015 | Readed: 3349

Business 20 - Women 20 joint panel has been held at the G20 Summit in Antalya. Azerbaijan’s First Lady, President of the Heydar Aliyev Foundation Mehriban Aliyeva and Vice-President of the Foundation Leyla Aliyeva attended......

Southern Gas Corridor to be discussed at Energy Summit in Turkey

14.11.2015 | Readed: 3434

The Southern Gas Corridor will be discussed as part of Atlantic Council Energy and Economic Summit, in Istanbul, Turkey. The Summit brings together an influential constituency to foster and strengthen transatlantic......

ICAO Council President visits Azerbaijan

23.10.2015 | Readed: 3387

President of the International Civil Aviation Organization (ICAO) Council Olumuyiwa Benard Aliu is visiting Azerbaijan. He had a meeting with president of Azerbaijan Airlines Jahangir......

Draft law on Azerbaijan`s 2016 State Budget adopted

21.10.2015 | Readed: 3369

A draft law on “State budget of the Republic of Azerbaijan for 2016” has been adopted at a plenary session of the Milli Majlis. Prior to the voting, Azerbaijan`s Minister of Finance Samir Sharifov highlighted some issues......

Azerbaijani Deputy Premier attends Silk Road Forum

16.10.2015 | Readed: 3509

An Azerbaijani delegation led by Deputy Prime Minister Abid Sharifov is attending the Silk Road Forum which kicked off today in Tbilisi. The Forum is an initiative launched by the Georgian government and is supported by the......

Georgy Poltavchenko: A trip to Azerbaijan was productive

05.10.2015 | Readed: 3510

A trip to Azerbaijan was productive, with specific agreements. The statement came from Governor of St. Petersburg Georgy Poltavchenko, AZERTAC said quoting the Nevskie novosti. Summing up the visit of the official delegation of St. Petersburg to Baku, the governor......

Representatives of industrial tourism of Azerbaijan and Saint Petersburg meet in Baku

02.10.2015 | Readed: 3406

An event co-organized by the Ministry of Culture and Tourism of Azerbaijan and St. Petersburg Committee on Tourism Development has been held in Baku as part of the visit of Governor of Saint Petersburg, the Russian Federation, Georgy......

Yekaterinburg hosts 6th Russian-Azerbaijani Interregional Forum

01.10.2015 | Readed: 3397

The 6th Russian-Azerbaijani interregional forum has kicked off at the International Exhibition Center in Yekaterinburg. A large Azerbaijani delegation is attending the forum, including representatives of the Presidential......

Oil price on world markets

19.09.2015 | Readed: 3534

The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.63 to stand at $46.38. Price of the Brent crude oil at the......

Deputy Minister Mehdi Karbasian: Iran interested in developing industrial relations with Azerbaijan

19.09.2015 | Readed: 3467

"Iran is interested in improving industrial relations with Azerbaijan," Mehdi Karbasian, Deputy Minister of Industry, Mine and Trade, Chairman of Mines and Mining Industries Development and Renovation Organization of Iran (IMIDRO) has told journalists as he......

SOCAR joins Romania Downstream 2015 conference

19.09.2015 | Readed: 3472

Romania Representation of State Oil Company of Azerbaijan has attended "Romania Downstream 2015: Refine your strategy – turn crude oil into value" conference The event, organized by the country's influential Petroleum......


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