Azercosmos OJSC taken out from subordination of Ministry of Transport, Communication and High Technologies

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More from Economy

Heydar Aliyev International Airport served over 3 million passengers over nine months of 2017

10.10.2017 00:19 GMT

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In January-September 2017, Heydar Aliyev International Airport served 3.1 million passengers.

Half of the capital's bus fleet will be renovated

09.10.2017 23:47 GMT

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"As a result of the conducted studies it was revealed that bus routes in Baku are duplicated," General Director of the Baku Transport Agency Vusal Karimli said this at a meeting of the Cabinet of Ministers devoted to the results of the socio-economic development of the first nine months of 2017, APA-Economics reports.

President Ilham Aliyev: Public and entrepreneurs support our policy

09.10.2017 21:58 GMT

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The public and entrepreneurs approve of and support our policy, Azerbaijan’s President Ilham Aliyev said today in his opening speech at a meeting of the Cabinet of Ministers, dedicated to results of socio-economic development in nine months of 2017 and objectives for the future.

President Ilham Aliyev: Next year’s budget to exceed current one

09.10.2017 20:16 GMT

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“Less than three months remain before the end of the year. During this time, all issues under the State Investment Programme should be resolved. This year, the State Investment Program is being provided at the proper level and sufficient funds will be provided. All the proposed issues should be solved by the end of the year.”

USD rate for tomorrow announced

09.10.2017 17:49 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for October 10.

Azerbaijani president allocates AZN 6.4M for road construction in Goychay district

06.10.2017 21:54 GMT

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Azerbaijani President Ilham Aliyev has signed an order on additional measures on construction of Bigir-Jirgurd-Sheker-Veyselli-Aliken-Mirti motor road Goychay district.

World Intellectual Property Organisation considers opening Azerbaijan office

06.10.2017 21:29 GMT

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The World Intellectual Property Organisation's Director General Francis Gurry has said the organization considers the opening of its office in Azerbaijan as he met with chairman of the country`s State Committee on Standardization, Metrology and Patents Ramiz Hasanov in Geneva, Switzerland.

Country Manager Albania leaves TAP

06.10.2017 20:08 GMT

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Trans Adriatic Pipeline (TAP) AG announced that Shkelqim Bozgo, Country Manager for TAP AG, following nearly four years at the helm of TAP’s Albania Country Office, has left the Company today, according to AzerTag.

Azerbaijani president issues order on continuation of state support to development of sericulture

06.10.2017 19:38 GMT

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Azerbaijani president has issued an order on continuation of state support to development of sericulture.

Gazprom agrees to open office in Azerbaijan

06.10.2017 12:26 GMT

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Gazprom Board of Directors agreed to open an office in Azerbaijan, AzVision.az reports citing Interfax.

Dollar rate for tomorrow

05.10.2017 17:47 GMT

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The Central Bank of Azerbaijan has announced the US dollar to manat rate for tomorrow.

President makes amendment in decree on SOFAZ budget for 2017

04.10.2017 20:05 GMT

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President Ilham Aliyev has issued an order on amendments in the decree #1186 of Azerbaijani president on the “Budget of the State Oil Fund of Azerbaijan Republic for 2017” dated January 10, 2017.

Azerbaijan’s economy will grow 1 percent - ADB

04.10.2017 17:47 GMT

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Azerbaijan’s economy will decline 1.3 percent in 2017, Nariman Mannapbekov, Azerbaijan Country Director for the Asian Development Bank (ADB), said in his interview to Reuters.

USD rate for tomorrow announced

04.10.2017 17:37 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for October 5.

Monetary base in Azerbaijan grows almost by AZN 2 bn

04.10.2017 16:53 GMT

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The Central Bank of Azerbaijan (CBA) has announced the amount of monetary base by 1 October 2017.

Azerbaijani banks get AZN 4M decline in loan portfolio

04.10.2017 14:49 GMT

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In August 2017 Azerbaijan-based banks declined the amount of loans given to customers.

Azerbaijani president allocates AZN 3M for renovation works in Gobustan

03.10.2017 22:00 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on additional measures for continuation of renovation works in the city of Gobustan.

Azerbaijan to buy over 5,600 agricultural machinery units in 2017

03.10.2017 20:46 GMT

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Azerbaijan will purchase over 5,600 units of agricultural machinery in 2017, according to the monitoring report on the implementation of measures reflected in the “Strategic Road Map for Manufacture and Processing of Agricultural Products.”

Baku will host International Petroleum Summit

03.10.2017 20:02 GMT

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Global energy and commodity price reporting agency Argus with support by the General Partner – The State Oil Company of Azerbaijan (SOCAR) will hold "Argus Azerbaijan International Petroleum Summit 2017". The summit will be held in Baku, October 12-13.

Ambassador: Azerbaijan one of five main economic partners of Germany

03.10.2017 19:27 GMT

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Azerbaijan is one of five main economic partners of Germany, Michael Kindsgrab, ambassador of Germany to Azerbaijan, said at a press conference in Baku Oct. 3.

Azerbaijan meets its obligation to cut oil production within OPEC/NOPEC deal

03.10.2017 15:55 GMT

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Azerbaijan fulfilled its obligations on reduction of oil production within the OPEC/NOPEC deal in September.

Oil slips below $56

03.10.2017 09:46 GMT

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Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that a global glut in crude may not be clearing as quickly as some had hoped.

President Ilham Aliyev viewed works done in Damirchi village in Shamakhi

03.10.2017 00:06 GMT

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President of the Republic of Azerbaijan Ilham Aliyev and first lady Mehriban Aliyeva have viewed works done in Damirchi village, Shamakhi district, APA reports.

Azerbaijani goods to be presented at int’l fair in Germany

02.10.2017 23:08 GMT

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Azerbaijan’s products will be demonstrated at the international Anuga Food Fair in Cologne, Germany, on Oct. 7-11, said Azerbaijan’s Economy Ministry in a message Oct. 2.

Azerbaijan allocates over 1B AZN to build agricultural parks

02.10.2017 19:50 GMT

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Thirty-eight agricultural parks with a total cost of 1.2 billion manats are being created in Azerbaijan, says a report on monitoring of implementation of measures reflected in the Strategic Roadmap for Production and Processing of Agricultural Products.

Southern Gas Corridor key energy project in Europe: Snam CEO

30.09.2017 23:08 GMT

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Southern Gas Corridor project, which envisages transportation of Azerbaijani gas to Europe, is a key energy project in Europe, said CEO of Italy's Snam company Marco Alvera.

Azerbaijan- Stavropol region annual trade makes up $130m

30.09.2017 14:06 GMT

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“Annual trade between Stavropol region and Azerbaijan makes up $ 130 million. I thank the Azerbaijani side for choosing Stavropol for holding the interregional forum,” governor of Russia`s Stavropol region Vladimir Vladimirov has told AzerTag`s correspondent.

EU hails Azerbaijan as enabler of Southern Gas Corridor

30.09.2017 09:17 GMT

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The European Union hails Azerbaijan as enabler of the Southern Gas Corridor project which envisages transportation of Azerbaijani gas to Europe.

Azerbaijan-based banks to operate on Saturday

29.09.2017 12:04 GMT

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The Central Bank of Azerbaijan has sent a letter to commercial banks.

$ 1 million allocated for Baku Shopping Festival

29.09.2017 09:59 GMT

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President Ilham Aliyev signed a decree on additional measures to organize Baku Shopping Festival in Baku from October 15 to November 15, 2017.

SOCAR to allow other companies use ACG infrastructure

29.09.2017 09:50 GMT

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The new agreement on development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields until 2050 envisages the use of the project’s spare infrastructure capacities for the needs of other projects, a source in Azerbaijan’s state oil company SOCAR told Trend.

Envoy: Azerbaijani, Russian presidents pay undiverted attention to interregional ties

28.09.2017 19:56 GMT

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Azerbaijani and Russian presidents are paying undiverted attention to development of relations between the two countries’ regions, Polad Bulbuloglu, Azerbaijani ambassador to Russia, said at the 7th Russia-Azerbaijan Interregional Forum held in Stavropol Sept. 28.

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