New appointment to the management of the Petkim

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More from Economy

Azerbaijan declines to place State Oil Fund's assets in local banks

21.10.2009 15:49 GMT

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The State Oil Fund of Azerbaijan (SOFAZ) is not considering placing the country’s currency reserves in local banks.

Switzerland confident Azeri gas will reach Europe via Turkey

21.10.2009 15:14 GMT

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Swiss President Hans-Rudolf Merz has said that Azerbaijan could become an energy supplier to his country.

Caspian Oil & Gas Exchange to be officially launched in Baku on 26 October

21.10.2009 14:33 GMT

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The Caspian Oil & Gas Exchange will be an electronic trading area for the oil and gas sector.

In January to September 2009 Azerbaijan commissions 837,500 sq m of living space with drop by 17.2%

21.10.2009 13:19 GMT

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In September, housing commissioning rate of Azerbaijan increased considerably.

Rasim Musabeyov: Our plans of transporting gas to Europe are hampered by Turkey’s willingness to earn more from the transit

20.10.2009 21:40 GMT

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"Turkey does not take part in the “Southern stream” project. Ankara only agreed on Moscow’s laying a gas pipeline via the Black Sea shelf that is a part of its 200 miles economic area.

Azerbaijan ready to refuse from gas export through Turkey

20.10.2009 21:11 GMT

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Azerbaijan is trying to end the deadlock in which negotiations about gas transit through Turkey and supplies to this country are now.

Income of Azerbaijani tourist sector amount to AZN 8 million

20.10.2009 21:00 GMT

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Over the first six months of 2009, profits of Azerbaijani tourist sector increased by 1% as compared to relevant period of 2008.

International exhibition BakuBuild starts in Azerbaijan

20.10.2009 20:30 GMT

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Tomorrow, the largest 15th (jubilee) International Construction Exhibition of the Caspian region BakuBuild and 7th International Furniture, Interior and Design Exhibition will be launched in Baku.

Mortgages in amount of AZN 46.5 million granted in Azerbaijan

20.10.2009 20:12 GMT

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In Azerbaijan mortgage portfolio increases within the frames of loaning through the Azerbaijani Mortgage Fund (AMF) at the Central Bank of Azerbaijan (CBA).

Economic Research Center: Azerbaijan registered disinflation of 3.52% during this year

20.10.2009 19:28 GMT

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Results of statistic surveys held by Economic Research Center of Azerbaijan were present.

IFC: Azeri banks not to abandon mortgage market

20.10.2009 19:26 GMT

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The International Finance Corporation (IFC)is not unduly concerned that two of its partner banks in Azerbaijan are using its mortgage lending credit lines for other purposes.

Licensing of construction work to be launched in Azerbaijan till end of year

20.10.2009 19:02 GMT

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The State Agency on Control over Safety of Construction at the Ministry for Emergency Situations conducts work over preparation of new regulatory legal act on licensing of construction work.

Bank Nikoil repaid in time Iranian Central Bank’s loan of 100 million euro

20.10.2009 17:48 GMT

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Azerbaijan's Taxes Ministry denies targeting Turkish companies

20.10.2009 16:46 GMT

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"Recent information that the Ministry of Taxes in Azerbaijan has started mass inspections in Turkish companies operating in our country is a lie and a provocation," says the ministry's press service.

Inflation in Azerbaijan tops 2% to end third quarter 2009

20.10.2009 15:58 GMT

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Inflation in Azerbaijan in September 2009 was 0.4% compared to August.

Azerbaijan communications sector sales for Jan-Sept 2009 reached $881 million

20.10.2009 15:14 GMT

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Communication sector sales in Azerbaijan totaled $881 million for Jan-Sept 2009 in accord with average exchange rate for the reported period.

In September 2009 base CPI in Azerbaijan rose by 0.8% with this year’s rise of 2.5%

20.10.2009 15:08 GMT

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The State Statistics Committee of Azerbaijan has published next monthly data about base consumer price index (CPI) in Azerbaijan.

Oil hovers over $80

20.10.2009 14:55 GMT

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Oil rose to a one-year high above $80 a barrel in New York as the dollar slipped to a 14-month low against the euro, increasing commodities’ appeal as an alternative investment, Bloomberg reported.

Azerbaijan Central Bank: local banks’ ROE and ROA are 20% and 30% respectively

20.10.2009 14:44 GMT

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The Central Bank of Azerbaijan has reported of high profitability of domestic banks despite the global economic crisis.

Industrial production in Azerbaijan rose by 5% for Jan-Sept 2009

20.10.2009 14:32 GMT

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High growth rate in industrial production kept in Azerbaijan this September. Its decline in January of the year was 5.1%.

Unibank possesses excess liquidity in amount of AZN 50-60 million

20.10.2009 13:27 GMT

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One of Azerbaijani key credit institutions Unibank overcame financial difficulties by assistance of the Central Bank of Azerbaijan (CBA).

Charter capital of Caspian International Investment Company has grown 7-fold

19.10.2009 21:36 GMT

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Azerbaijan Investment Company (AIC) and Islamic Corporation of Development (ICD) increased charter capital of Caspian International Investment Company (CIIC) that established by them.

In 2010 EBRD expects 7.1% rise of real GDP in Azerbaijan

19.10.2009 21:28 GMT

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In 2010 Azerbaijan is going to remain in ranks of leaders on economic growth rate in the region of EBRD operations in accordance with forecast of the latter.

Azerbaijan reinvigorates non-Shah Deniz gas exports

19.10.2009 21:05 GMT

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Azerbaijan exported 13.815 million cubic metres of natural gas at $2.514 million in September, excluding exports from the Shah Deniz field. No gas was exported in August.

In January to September cargo transit through Azerbaijan reduces by 1.8%

19.10.2009 20:47 GMT

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In January to September, 2009, cargo transit through Azerbaijan totaled 4.796 million tons versus 6.595 million tons over 2008 and 5.99 million tons over 2007.

Individuals' deposit to be freed from taxes in Azerbaijan

19.10.2009 20:31 GMT

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World Bank managing director to begin Azerbaijan visit tomorrow

19.10.2009 19:27 GMT

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World Bank Managing Director Ngozi Okonjo-Iweala will arrive in Baku on 20 October as part of her regional tour, the World Bank’s office in Baku has reported.

Khalq Sigorta keeps leading position at Azerbaijani insurance market third month at a run

19.10.2009 19:17 GMT

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This September Top 5 of the Azerbaijani insurance market leaders observed some changes on activity indicators.

Azerbaijani citizens imported for themselves consumer goods for $163.6 million for Jan-Sept 2009

19.10.2009 19:03 GMT

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In September Azerbaijani citizens reduced increased of goods for personal use.

Azerbaijan exports over $1bn worth of oil products to end September 2009

19.10.2009 15:44 GMT

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Azerbaijan exported oil products worth $1.164 bn in January to September 2009.

Ilham Aliyev's remarks give everyone concerned food for thought - Azeri commentator

19.10.2009 15:32 GMT

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News.Az interviews Sabit Bagirov, a political scientist and former president of the State Oil Company of Azerbaijan.

138 million tons of cargo transported in Azerbaijan, Jan-Sep

19.10.2009 14:19 GMT

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138 million tons of cargo was transported in Azerbaijan during January-September, Minister of Transport Ziya Mammadov reported.

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