Economy

Oil price on world markets

09.01.2015 | Readed: 1674

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: 2924

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: 2947

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: 2890

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: 3064

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: 1932

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: 2291

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: 2360

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: 2089

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: 1970

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: 2022

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: 1928

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: 2852

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: 2681

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: 2338

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......

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

02.10.2014 | Readed: 2804

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: 1879

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: 2603

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: 2652

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: 2563

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: 2609

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: 2556

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: 2699

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: 2672

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: 2229

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: 2216

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: 2365

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: 2936

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: 2979

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: 2885

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: 2931

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: 2565

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: 2090

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: 2294

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: 1789

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: 1639

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: 1666

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: 1424

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: 1602

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: 1782

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: 1770

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: 1946

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......


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