Economy

Internet Governance Forum gets underway in Azerbaijan

07.11.2012 | Readed: 1053

The 7th Internet Governance Forum kicked off in Azerbaijan's capital Baku on November 6. The United Nations Under-Secretary-General for Economic and Social Affairs Wu Hongbo in his opening address expressed gratitude to the Azerbaijani President Ilham Aliyev for the high-level......

Minister Ali Abbasov: "Azerbaijan is actively involved in Internet development"

06.11.2012 | Readed: 1032

"Azerbaijan is actively involved in the development of Internet and a number of Facebook users in Azerbaijan grows approaching one million," Minister of Communications and Information Technologies Ali Abbasov said at the ministerial meeting as part of the Internet Governance Forum (IGF) in......

Azerbaijan, Bulgaria sign memorandums of understanding on cooperation

06.11.2012 | Readed: 986

On November 5th Azerbaijan`s "Azvirt" and Bulgarian "Trace Group", "Dynamic" construction companies, as well as Azerbaijan`s "Caspian Service" and Bulgarian "Dynamic Group", "Biad Company" signed memorandums of understanding on cooperation on the sidelines of an Azerbaijan-Bulgaria......

PASHA Bank attends SIBOS forum - 2012

31.10.2012 | Readed: 2369

PASHA Bank, a leading corporate bank in Azerbaijan, participates in the largest international financial forum SIBOS opened on Monday in Osaka city of Japan. "This is the third international forum SIBOS, that we actively participate in. Such events support development of new business......

Azerbaijan, Belarus discuss development of cooperation

31.10.2012 | Readed: 989

On October 30th Prime Minister of Azerbaijan Artur Rasizade met a Belarusian delegation led by First Deputy Prime Minister Vladimir Semashko.  They discussed issues related to development of cooperation between the two countries. They said reciprocal visits by the two countries`......

Azerbaijan 67th in WB`s Doing Business-2013

24.10.2012 | Readed: 1060

Doing Business 2013, an annual World Bank and International Financial Corporation (IFC) report on freedom of enterprise, has been published ranking Azerbaijan 67th among 185 countries. According to the Ministry of Economic Development, Azerbaijan was 18th for "creation of institution"......

Baku hosts 6th International Caspian Oil and Gas Trade and Transport Conference

16.10.2012 | Readed: 973

On October 15th Baku is hosting the 6th International Caspian Oil and Trade and Transport conference. 
The conference is aimed at providing an insight into latest news in oil and gas industry, and exploring prospects for energy projects in the Caspian Sea.

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Uzbekistan and Azerbaijan interested in expansion of mutual relations

12.10.2012 | Readed: 1029

On October 11th Baku hosted an Azerbaijan-Uzbekistan business forum within the visit of Uzbek delegation headed by Uzbek PM Deputy Ulugbek Rozukulov. The entrepreneurs from Uzbekistan operating in the fields of agriculture, heavy industry, textiles, building materials, agricultural machinery......

Azerbaijan`s Premier meets co-chairman of Uzbekistan`s intergovernmental commission

10.10.2012 | Readed: 1010

On October 9th Azerbaijan's Prime Minister Artur Rasizade met co-chairman of Uzbekistan`s intergovernmental commission Ulugbek Rozigulov.  They noted that the historical friendship relations between Azerbaijan and Uzbekistan were in high level and stressed that the current relations......

Baku hosts Hungary-Azerbaijan business forum

10.10.2012 | Readed: 1027

Azerbaijani and Hungarian businessmen have come together in Baku to discuss prospects for building cooperation in a variety of areas. Some 130 businessmen from the fields of agriculture, textile, construction and food industries took part in the event organized by Azerbaijan Export &......

Azeri Premier meets head of Uruguayan Customs Service

02.10.2012 | Readed: 1029

On October 1st Azerbaijan`s Prime Minister Artur Rasizade met head of Uruguayan Customs Service Enrique Gilberto Canon Pedragosa. Pedragosa said he was happy with his visit to Azerbaijan. The head of Uruguayan Customs Service noted he had eye-witnessed big construction work in......

Azerbaijan, Uruguay: Customs officials meet

02.10.2012 | Readed: 1022

On October 1st chairman of the State Customs Committee, customs service Lieutenant General Aydin Aliyev met Head of Customs Service of Uruguay Enrique Canon Pedragosa. Mr. Aliyev briefed Enrique Canon Pedragosa on development way of Azerbaijan`s customs service. The Azeri Chairman......

SOFAZ announces lack of investments in securities and other financial tools in Hungary

04.09.2012 | Readed: 996

The State Oil Fund of Azerbaijan (SOFAZ) has issued an official statement on the occasion of rumors on its investments in Hungary.
According to SOFAZ\'s statement, State Oil Fund has no investments in securities and other financial instruments in Hungary.

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Azerbaijan, Korea sign agreement on economic cooperation

29.08.2012 | Readed: 1043

On August 28th an agreement on economic cooperation was signed between the Governments of Azerbaijan and South Korea.  The agreement was signed by Azerbaijan`s Economic Development Minister Shahin Mustafayev and Korean Ambassador to Azerbaijan Lee Ji Ha. The agreement envisages......

Belarus, Azerbaijan expanding industrial cooperation in machine building

28.08.2012 | Readed: 1009

Belarus and Azerbaijan are expanding industrial cooperation in machine building, First Deputy Premier of Belarus Vladimir Semashko and First Deputy Prime Minister of Azerbaijan Yaqub Eyyubov said following the session of the Belarus-Azerbaijan intergovernmental commission on trade and economic......

Germany`s Der Spiegel publishes article about Azerbaijan

23.08.2012 | Readed: 1024

The August issue of the Germany's weekly news magazine Der Spiegel published an article entitled "A country of economic miracles - Azerbaijan: a powerful model of modernization on the Caspian Sea."  The article covers socio-economic development of Azerbaijan, Azerbaijani-German......

Azerbaijani ambassador meets Tajik Transport Minister

18.08.2012 | Readed: 935

On August 17th Azerbaijani ambassador to Tajikistan Abbasali Hasanov met the country's Minister of Transport Nizom Hakimov. Hasanov said that new Asia-Caucasus-Europe railway corridor will be launched after the exploitation of Tajikistan-Afghanistan-Turkmenistan......

Bud Fackrell: bp intends to purchase stake in TANAP

17.08.2012 | Readed: 974

British bp intends to become a shareholder in the Trans-Anatolian pipeline project (TANAP), acquiring part of share of the State Oil Company of Azerbaijan (SOCAR) in the project, BP's representative in Turkey Bud Fackrell, who is also responsible for BP Turkey's activities in......

Great potential exists to increase trade turnover between Azerbaijan and Tajikistan

11.08.2012 | Readed: 982

Azerbaijani ambassador to Tajikistan Abbasali Hasanov has met chairman of the country`s State Committee on Investments and State Property Management Davlatali Saidov.  They discussed how to implement the issues agreed during Tajik President Emomali Rahmon`s official visit to Azerbaijan on......

Azerbaijan`s Finance Minister meets new regional director of World Bank for South Caucasus

08.08.2012 | Readed: 975

On August 7th Azerbaijan`s Finance Minister Samir Sharifov met new regional director of World Bank for South Caucasus Henry Kerali and his accompanying delegation. They discussed socio-economic development of Azerbaijan, its sustainable economic development, as well as current state of......

Azerbaijan`s top diplomat meets Peruvian minister of foreign trade and tourism

03.08.2012 | Readed: 988

Azerbaijan`s minister of foreign affairs Elmar Mammadyarov met Peruvian minister of foreign trade and tourism Jose Luis Silva Martinot. The Peruvian minister briefed Mammadyarov on his country`s economy, investment climate and trade relations. He said Peru was interested in cooperation......

Azerbaijani FM meets chairman of Peruvian Congress

03.08.2012 | Readed: 1004

Foreign Minister of Azerbaijan Elmar Mammadyarov met chairman of Peruvian Congress Víctor Isla Rojas.  The chairman said Mammadyarov`s visit would contribute to development of relationship between Azerbaijan and Peru. Víctor Isla Rojas recalled a visit of Peruvian congressmen to......

Azerbaijani-Argentine business forum held in Buenos Ares

28.07.2012 | Readed: 1000

In the sideline of visit of the foreign minister of Azerbaijan Elmar Mammadyarov to Argentina, a business forum was held in Buenos Ares.  The Forum joined by over 250 businessmen, was addressed by Hector Marcos Timerman, minister for foreign affairs of Argentina, the minister of......

Azerbaijan, Argentina sign agreement on cooperation in field of economic-trade

28.07.2012 | Readed: 941

Azerbaijani Minister of Foreign Affairs Elmar Mammadyarov met with Foreign Minister of Argentina Hector Marcos Timerman on the sidelines of his visit to this country. It was underlined at the meeting that the opening of embassies in the two countries, mutual visits over last periods,......

World famous UK "The Lawyer" journal publishes article on Azerbaijan

26.07.2012 | Readed: 990

The world famous journal of UK "The Lawyer" has published article on Azerbaijan. Article by Danniel Maathews says that Azerbaijan has always been famed as an oil-rich territory. "There's no doubt, however, that hosting Eurovision earlier this year raised its profile and......

Training on return and readmission starts in Baku

25.07.2012 | Readed: 983

On July 24th a training called "Return and Readmission" as part of the Migration EU expertise (MIEUX) kicked off in Azerbaijan`s capital. The event is arranged by Azerbaijan Coordinator of ICMPD Oleg Kiritsa and international expert from Hungary Vida Gabor. The event is initiated......

Tajikistan`s President visits Sumgait Technologies Park

13.07.2012 | Readed: 1084

President of Tajikistan Emomali Rahmon visited the Sumgait Technologies Park (STP) as part of his official trip to Azerbaijan. President of the Azerenerji OJSC Etibar Pirverdiyev informed the Tajik President that consisting of 17 plants STP manufactures high quality products, including......

Ukrainian President: We are interested in cooperation with Azerbaijan in oil and gas sector

13.07.2012 | Readed: 993

Ukraine is interested in developing cooperation with Azerbaijan in gas and oil refining industries, Ukrainian President`s official website reported. President of Ukraine Viktor Yanukovych made this statement during an informal meeting with the Club of Chief Editors of CIS countries, Baltic......

Tajik President visits Azguntex solar panel factory

13.07.2012 | Readed: 1132

President of Tajikistan Emomali Rahmon visited the Azguntex solar panel factory built by the State Agency on Alternative and Renewable Energy Sources, SAARES, in Sumgait city. Director of SAARES Akim Badalov informed that two production lines - the solar module and LED lamps production......

Azerbaijan and Turkey boost labor migration cooperation

13.07.2012 | Readed: 1023

Chief of Azerbaijan State Migration Service Firudin Nabiyev met Turkish Minister of Labor and Social Protection Faruk Chelik. Nabiyev stressed close relations between the two countries in all fields and successful cooperation in migration system. Nabiyev said visit of the Turkish minister......

Fourth edition of "Azerbaijani export catalogue -2012" presented

07.07.2012 | Readed: 1003

Azerbaijan Marketing Society presented the fourth edition of the "Azerbaijani export catalogue -2012" with support of Foreign Affairs Ministry on Friday. Chairman of the board of directors of Azerbaijan Marketing Society Rahim Huseynov told of importance of the export catalogue for......

Azerbaijani finance minister holds several meetings in Belarus

07.07.2012 | Readed: 957

Azerbaijani Finance Minister Samir Sharifov paid a working visit to Minsk on the invitation of Belarusian Finance Minister Andrey Kharkovts. According to the finance ministry, Azerbaijani minister was received by the Belarusian Prime Minister Mikhail Myasnikovitch. At the meeting Sharifov......

Azerbaijani delegation attends ECOSOC`s session

06.07.2012 | Readed: 987

Azerbaijani delegation participates in the session of the UN Economic and Social Council (ECOSOC), which is to take place in the United Nations headquarters in New York, from July 2-9.  The high-level segment will be held on the topic "Promoting productive capacity and decent work to......

Akkord Corporation`s employees get highest presidential awards

06.07.2012 | Readed: 1064

A meeting with constructors who were given awards in accordance with President Ilham Aliyev`s order №2151 signed on April 10, 2012 on the occasion of "Constructors' Day" was held in the Cabinet of Ministers of the Republic of Azerbaijan on July 3.{nl}Participating in the meeting......

Azerbaijani Premier meets Hungarian counterpart

01.07.2012 | Readed: 911

On June 30th Azerbaijan`s Prime Minister Artur Rasizade met visiting Hungarian counterpart Viktor Orban.{nl}Rasizade said Azerbaijan and Hungary have good potential to develop economic relations.{nl}The Azerbaijani Premier noted Orban`s visit would open a new stage in development......

Azerbaijan, Turkey discuss prospects of cooperation in agrarian sector

30.06.2012 | Readed: 985

On June 29th Azerbaijan's Prime Minister Artur Rasizade met visiting delegation led by the Turkish Food, Agriculture and Livestock Minister Mehmet Mehdi Eker. During the meeting, the sides touched upon the existing business relations between the agrarian sectors of the two brotherly......

"Vesti" TV Channel airs report on "Russian-Azerbaijani dialogue-2012" forum

30.06.2012 | Readed: 997

The Russian TV Channel "Vesti" prepared a report on the 3rd Russian-Azerbaijan interregional forum held in Baku.  The channel accentuated on final declaration of the forum, where necessity of signing of long-term program on economic cooperation between the two states was stressed.......

Azerbaijan and Russia sign documents

29.06.2012 | Readed: 998

A number of documents were signed here within the 3rd Russian-Azerbaijani interregional forum. Rectors, Shamsaddin Hajiyev of Azerbaijan State Economics University and Igor Maksimtsev of Saint-Petersburg State University of Economics and Finance signed an agreement on cooperation.......

Ramiz Mehdiyev: "Russian community is binding link between Azerbaijan and Russia"

29.06.2012 | Readed: 904

"At present, Azerbaijan is home to the largest Russian community in the South Caucasus. The Russian community is a real link between Azerbaijan and Russia." The statement came on Thursday from the Head of Azerbaijan's Presidential Administration, academician Ramiz Mehdiyev at the Third......

Sergei Subbotin: "Azerbaijan is strategic partner of North Caucasus"

29.06.2012 | Readed: 1011

Azerbaijan is a strategic partner of the North Caucasus. The statement came from Sergey Subbotin, Deputy Plenipotentiary Representative of Russian President in the North Caucasus Federal District, who was speaking Thursday at the Third Russian-Azerbaijani Inter-Regional Forum......

Azerbaijan`s Premier meets former and incumbent Country Directors of World Bank`s regional office in South Caucasus

20.06.2012 | Readed: 963

On June 19th Azerbaijan`s Prime Minister Artur Rasizade met with Asad Alam, former Country Director of the World Bank`s regional office in South Caucasus. Asad Alam expressed his gratitude to Artur Rasizade on his attention for development of relations between Azerbaijani government and......

Baku hosts Azerbaijan-Russia business forum

20.06.2012 | Readed: 971

On June 19th an Azerbaijan-Russia business forum was held here.{nl}The event was organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO) with support of the Economic Development Ministry.{nl}The forum was held as part of the visit of Russian delegation led by......


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