Economy

Baku hosts Azerbaijan-Serbia business forum

27.11.2012 | Readed: 1070

On November 26th Baku hosted an Azerbaijan-Serbia business forum organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO).  The forum brought together officials, as well as the two countries` businessmen from the fields of construction, food industry, agriculture,......

Azerbaijani Finance Minister meets Secretary General of Black Sea Trade and Development Bank

27.11.2012 | Readed: 1126

On November 26th Azerbaijan`s Finance Minister Samir Sharifov met Secretary General of Black Sea Trade and Development Bank (BSTDB) Orsalia Kalantzopoulos. They expressed satisfaction on the fruitful development of the relations between Azerbaijan and the BSTDB, adding this cooperation had......

3rd Black Sea trade and investment forum held in Baku

27.11.2012 | Readed: 1102

Within the Parliamentary Assembly of the Black Sea Economic Cooperation summit, the III Black Sea Trade and Investment Forum is underway in Baku. The forum is attended by representatives of the business circles of the 12-member organization. The ceremony on the occasion of the Forum was......

"Azerbaijan is a rapidly developing country in the region"

27.11.2012 | Readed: 1032

Azerbaijan is a rapidly developing country in the region, Speaker of Grand National Assembly of Turkey Cemil Cicek said Monday at a meeting with Speaker of Azerbaijan National Assembly Ogtay Asadov.  Cicek underscored the role of legislative bodies of the two countries in boosting......

PABSEC General Assembly`s 40th plenary session kicks off in Baku

27.11.2012 | Readed: 1064

The 40th Plenary Session of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) started in Baku.  Opening the session, President of PABSEC and Speaker of the Azerbaijani Parliament Ogtay Asadov noted that such meetings foster development of multilateral relations......

Azerbaijan, Serbia: trade turnover rose by 15 times in Jan-Sept

27.11.2012 | Readed: 1027

"Trade turnover between Azerbaijan and Serbia has increased by 15 times in the first nine months of this year, compared with the same period of last year", Azerbaijani Minister for Economic Development Shahin Mustafayev said during Azerbaijan-Serbia business forum held in Baku. The......

Socar President Rovnag Abdullayev gives interview to Azerbaijani service of BBC and Dow Jones

24.11.2012 | Readed: 1080

President of the State Oil Company of Azerbaijan Republic (Socar) Rovnag Abdullayev on Thursday gave interview to the Azerbaijani service of BBC and Dow Jones, one of the world's most trusted publishers of accurate financial news and business.  In an interview Abdullayev described......

Azerbaijan`s IT minister meets Speaker of the Illinois House of Representatives

20.11.2012 | Readed: 1032

On November 19th minister of communication and information technology of Azerbaijan Ali Abbasov met with the visiting Speaker of the Illinois House of Representatives Michael J. Madigan. Abbasov updated the American guest on the works done in the field of information technology in the......

Baku hosts 5th CIS International Banking Conference

16.11.2012 | Readed: 1040

On November 15th the 5th CIS International Banking Conference entitled "The financial markets of CIS: new opportunities and global risks" kicked off in Baku. Head of Azerbaijan`s Presidential Administration, academician Ramiz Mehdiyev, also attended the conference, organized by CIS......

Azerbaijan`s Minister of Finance meets Director of IMF`s Middle East and Central Asia Department

16.11.2012 | Readed: 980

On November 15th Azerbaijan`s Minister of Finance Samir Sharifov met a delegation led by Director of the International Monetary Fund`s Middle East and Central Asia Department Masood Ahmed. They discussed Azerbaijan`s economic prospects, priorities of the country`s economic policy,......

Ambassador: Great Britain is proud of being largest foreign investor in Azerbaijan

16.11.2012 | Readed: 1077

British Ambassador in Baku Peter Bateman has said his country is proud of being the largest foreign investor in Azerbaijan. "Great Britain is proud of its status of the largest foreign investor in Azerbaijan. This relationship serves to the benefit of both countries` people," he said.......

Baku hosts Azerbaijan-UAE business forum

15.11.2012 | Readed: 1093

An Azerbaijan-United Arab Emirates business forum was took place here. The forum was supported by country`s Ministry of Economic Development and organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Dubai Chamber of Commerce and Industry. The event......

Azerbaijan attaches great importance to cooperation with IMF

09.11.2012 | Readed: 1043

On November 8th Azerbaijani Minister of Finance Samir Sharifov met with a delegation led by Raja Almarzoqi, International Monetary Fund`s new Mission Chief to the country.  During the meeting, they discussed a wide range of issues, including the macroeconomic trends and prospects, the......

Baku hosts Azerbaijan-US ICT forum

08.11.2012 | Readed: 1071

Baku hosts Azerbaijan-US information-communication technology forum organized by Azerbaijan Communication and Information Technologies Ministry and US Embassy to Azerbaijan. The forum is attended by the employees of the Communication and Information Technologies Ministry, statesmen and......

Azerbaijan`s Oil Fund to finance TANAP

08.11.2012 | Readed: 1187

Azerbaijan`s State Oil Fund (SOFAZ) has said it will finance the building of Trans-Anatolian Gas Pipeline (TANAP).  Speaking at a joint meeting of parliamentary commissions, SOFAZ Executive Director Shahmar Movsumov said the Fund would allocate the money from its 2013 budget for the......

Internet Governance Forum gets underway in Azerbaijan

07.11.2012 | Readed: 1108

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: 1079

"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: 1043

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: 2464

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: 1036

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: 1120

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: 1018

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: 1086

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: 1070

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: 1078

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: 1090

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: 1074

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: 1054

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: 1096

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: 1070

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: 1089

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: 981

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: 1026

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: 1031

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: 1028

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: 1036

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: 1063

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: 1050

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: 989

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: 1041

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: 1040

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: 1137

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......


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