Economy

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

13.03.2014 | Readed: 2277

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: 2159

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: 2229

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: 2082

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: 2752

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: 2574

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: 2629

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: 2520

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: 1855

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: 1465

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: 1295

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: 1603

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......

New contract on Shah Deniz-2 project signed

29.12.2013 | Readed: 2008

The Shah Deniz partnership has awarded its next major contract for Stage 2 development of the Shah Deniz gas field in the Caspian Sea, BP reported. The contract for provision of detailed engineering, project management and procurement support services for the Shah Deniz......

US magazine “Foreign Affairs”: Gas politics after Ukraine. Azerbaijan, Shah Deniz, and Europe's newest energy partner

19.12.2013 | Readed: 2600

The US magazine “Foreign Affairs” has issued an article titled “Gas politics after Ukraine. Azerbaijan, Shah Deniz, and Europe's newest energy partner” by Professor Brenda Shaffer. The article says that this week, EU leaders signed a deal with......

“AtaBank” OJSС started “New Year, New Chance” competition on its’ facebook page

16.12.2013 | Readed: 2677

“AtaBank” OJSC is launching a new gift campaign “New Year, New Chance” on its’ Facebook page from......

Azerbaijani State Maritime Administration takes part in IMO meeting

06.12.2013 | Readed: 2759

A delegation of the Azerbaijani State Maritime Administration took part in the 28th meeting of the International Maritime Organization in London. The International Maritime Organization's (IMO) Maritime Safety Committee discussed ways to improve mandatory......

Istanbul hosts Caspian Forum

06.12.2013 | Readed: 2377

The 3rd Caspian Forum has started in Istanbul, Turkey bringing together senior officials, representatives of companies and leading experts from 35 countries. The Forum was organized by the Caspian Strategy Institute (HASEN) with the support of SOCAR, BP and......

Azerbaijan, China ink cooperation deal

06.12.2013 | Readed: 1777

On December 5th Azerbaijan and China signed an agreement on cooperation that will see the Chinese government allocate a $4.477.611mln grant to Azerbaijan with the aim of expanding friendly, and technical and economic bonds between the two countries. Under......

BakuTel 2013 exhibition kicks off in Azerbaijan`s capital

03.12.2013 | Readed: 2355

On December 2nd Bakutel 2013, the largest telecommunication and information technology exhibition in the Caucasus and Caspian region opened in Baku. The exhibition has become the most important platform for the display of achievements in the high technology......

“Global Cyber Security Cooperation: Challenges and Visions” conference kicks off in Baku

03.12.2013 | Readed: 1988

On December 2nd a conference titled “Global Cyber Security Cooperation: Challenges and Visions” started in Baku as part of BakuTel 2013, 19th Azerbaijan International Telecommunications and Information Technologies Exhibition. The conference, organized......

Titan the Robot in Azerbaijan for first time among CIS countries

03.12.2013 | Readed: 2146

Azerbaijan was the first country in the CIS to host Titan the Robot, an entertainment concept utilised by event management companies worldwide, when it was presented at the Bakutel 2013, the largest telecommunication and IT exhibition in the Caspian......

Azerbaijani, German governments ink financial cooperation agreement

29.11.2013 | Readed: 1503

The governments of Azerbaijani and Germany have signed an “Agreement on Financial Cooperation on the projects agreed in 2008-2012”, said the Azerbaijani Ministry of Finance. Under the agreement signed by Azerbaijani Finance Minister Samir Sharifov and......

21st Meeting of Council of Ministers of Economic Cooperation Organization held in Tehran

27.11.2013 | Readed: 1533

The 21st meeting of the Council of Ministers of the Economic Cooperation Organization (ECO) was held in Tehran on November 26th. Azerbaijani Minister of Foreign Affairs Elmar Mammadyarov noted in his opening remarks that the Presidency of the ECO Council of......

Regular meeting of Working Group on Qazvin – Resht – Astara (Iran) – Astara (Azerbaijan) project kicks off

19.11.2013 | Readed: 4899

The discussion on the railway project Qazvin–Resht– Astara (Iran)–Astara (Azerbaijan), the segment of the North-South transportation corridor, has become more active as the second working-group meeting started today in Iran’s city of Enzeli. At the......

Silk Road countries international customs forum kicks off in Gabala

15.11.2013 | Readed: 4309

The 6th International Forum on the Role of Customs Administrations in Promoting and Facilitating Trade among Silk Road Countries has kicked off in Gabala, Azerbaijan. The forum brings together customs officials from Azerbaijan, Turkey, Bulgaria, Kazakhstan,......

Round table “Current situation in usage of alternative and renewable energy sources: achievements, targets” held within Baku International Humanitarian Forum

02.11.2013 | Readed: 5772

A round table on “Current situation in usage of alternative and renewable energy sources: achievements, targets” has been held in the State Agency for Alternative and Renewable Energy Sources within Baku International Humanitarian Forum. Chairman of......

SOFAZ hosts conference “10 years of Azerbaijan in EITI. From history to new stage”

27.09.2013 | Readed: 3975

On September 26th The State Oil Fund of the Republic of Azerbaijan (SOFAZ) hosted an international conference titled “10 years of Azerbaijan in EITI. From history to new stage” devoted to the 10th anniversary of the Extractive Industries Transparency Initiative......

Second session of Caspian Forum focuses on European energy security

27.09.2013 | Readed: 3883

As informed earlier, on September 25, Caspian Forum, organized by the Caspian Strategy Institute (HASEN), was held at New York`s finest Hotel Waldorf Astoria. During the second session of the forum, energy security, current and future developments were......

Caspian Forum held in New York

27.09.2013 | Readed: 3742

On September 25, an Istanbul-based Caspian Strategy Institute (HASEN) held the Caspian Forum, dedicated to the Southern Corridor and energy security of Europe at a famous Waldorf Astoria Hotel in Manhattan, New York. Among the dignitaries attending the forum were......

BP’s new office in Baku opened

21.09.2013 | Readed: 3595

BP Azerbaijan today announced that it had moved to its new office in Baku called "BP Xazar Centre". It is located in Port Baku Development area along the Neftchilar Avenue. BP today hosted an event in Baku to officially inaugurate its new office. Gordon......

Azerbaijan advances 7 spots for global competitiveness index to rank 39th among 148 countries

05.09.2013 | Readed: 3318

Azerbaijan has climbed seven spots to rank 39th for global competitiveness index among 148 countries as the World Economic Forum has released its “Global Competitiveness Report 2013-2014”. Azerbaijan rose from 46th place to 39th in the Report, which put......

Shah Deniz consortium chooses TAP to carry Azeri gas to Europe

29.06.2013 | Readed: 3416

The consortium developing Azerbaijan`s Shah Deniz gas field has chosen the Trans Adriatic Pipeline (TAP) for natural gas deliveries to Europe, Gordon Birrell, BP Regional President for Azerbaijan, Georgia and Turkey said on Friday. Hailing the cooperation......

Baku hosts 15th annual gathering of Governing Council of Black Sea Trade and Development Bank

25.06.2013 | Readed: 3429

On June 23rd the 15th annual gathering of the Governing Council of Black Sea Trade and Development Bank was held in Baku. Opening the event chief of the Governing Council, finance minister of Azerbaijan Samir Sharifov said various events, including......

Azerbaijan’s SOCAR to buy Greek gas operator DESFA

22.06.2013 | Readed: 3459

Greece is set to agree the sale of its natural gas grid operator DESFA to Azerbaijani state energy company SOCAR. SOCAR has improved its offer to buy a 66% stake in the company to €400 million, a price that Greece's privatization agency HRADF finds......

Black Sea Bank forms a business network for work with Azerbaijani business

22.06.2013 | Readed: 3435

On June 21st an Azerbaijani business forum opened as part of the 15th annual meeting of the Black Sea Trade and Development Bank (BSTDB) in Baku. BSTDB president Andrey Kondakov said the forum aims to solve two tasks based on the example of......

4th Azerbaijan International Insurance Forum kicks off in Baku

21.06.2013 | Readed: 2015

On June 20th the 4th Azerbaijan International Insurance Forum commenced in Baku. Organized by the Azerbaijan Insurers Association, the event brings together more than 200 representatives from insurance and broker companies from over 20......

Azerbaijan-Kazakhstan business forum kicks off in Aktau

20.06.2013 | Readed: 1792

On June 19th an Azerbaijan-Kazakhstan business forum started in the Grand Nur Plaza Hotel, Aktau. Azerbaijan`s delegation at the event is led by Minister of Economic Development Shahin Mustafayev, while Minister of Economy and Budget Planning Yerbolat......

Azerbaijan, Korea sign agreement on economic cooperation

19.06.2013 | Readed: 1366

On June 18th Azerbaijani and Korean governments inked an agreement on economic cooperation, according to the Azerbaijan Ministry of Finance. The agreement was signed by Azerbaijan Minister of Finance Samir Sharifov and Korean ambassador to the country Choi......

Azerbaijan-Belgium-Netherlands business forum kicks off in Baku

14.06.2013 | Readed: 2019

On June 13th an Azerbaijan-Belgium-Netherlands business forum began in Baku as part of a visit by Belgium’s Lommel and the Dutch Bergeijk cities’ business delegations. Supported by Azerbaijan’s Ministry of Economic Development, the event is organized......

Baku hosts press conference on Caspian Oil & Gas Exhibition Incorporating Refining and Petrochemicals

04.06.2013 | Readed: 3246

A press conference titled Caspian Oil & Gas Exhibition Incorporating Refining and Petrochemicals has been held at the Baku Expo Centre. The press conference was attended by Chairman of the Board of ITE Group PLC Edward Strachan, Project manager of Iteca......

Baku forum on “Great steps for Azerbaijan`s future: Azerbaijan`s economy after oil” kicks of in Azerbaijan`s capital

04.06.2013 | Readed: 2704

On June 3rd Baku forum on “Great steps for Azerbaijan`s future: Azerbaijan`s economy after oil” started in Azerbaijan`s capital. Opening the event, Chief Executive Officer of Azerbaijan Future Studies Society Reyhan Huseynova stressed the importance of......

Azerbaijan, Canada discuss agrarian cooperation

29.05.2013 | Readed: 2999

Azerbaijan and Canada have explored ways of developing cooperation in agrarian area as the country`s Deputy Minister of Agriculture Aslan Aslanov met a delegation of Alberta Province of Canada. Mr. Aslanov briefed the delegation on development of......


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    Hər gün bir tarix, hər gün bir zəfər

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