Azerbaijan’s economic, investment prospects presented in Australia

W1siziisijiwmtcvmduvmjyvmjmvmzuvmduvnmu2zgjhn2ytzmzhzi00mtg0ltkxotctm2rhntg3ogm1y2zhl2f2c3ryywxpyv9wcmvzzw50yxrpb25fmjywnte3xzaxlmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=a2f98151fc96e80f W1siziisijiwmtcvmduvmjyvmjavndyvmzavyjfjmznlm2itzmvlzs00ytm2ltkznjatmja1ntqyndrjnjvil2nvbxb1dgvyxza0mduxns5qcgcixsxbinailcj0ahvtyiisijm1mhgynzajil1d?sha=ec51e6e33655ad34 W1siziisijiwmtcvmduvmjyvmjavndavmzuvnmmxnddhmzytn2i1zs00ogy4lwfkzdatodywndi3oti3ytgxl3vubmftzwqucg5nil0swyjwiiwidgh1bwiilcizntb4mjcwiyjdxq?sha=620a9a1671a269a5 W1siziisijiwmtcvmduvmjyvmtgvntcvmdyvyzgzmdy1nmityteymi00zdeylwe3m2qtzwi3zthizdexodk0l2m5nzu3ytkzntgzndllntm3mdawmdlim2fimdkwotfklmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=2ba0b11beb5120ce W1siziisijiwmtcvmduvmjyvmdkvnduvmtuvotnlmdixzgytmtgwni00nwvllwe4odktzti0mgi1yzazmzljl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=3d0b27462e4df669

More from Economy

Overall assets of Azerbaijan’s non-bank credit organizations totaled AZN 180 mn

07.12.2009 16:33 GMT

W1siziisijiwmtuvmtavmtgvmdmvntkvndavzda3mdqzzdatnwyxni00njm3lwixywytyzm5nmvmngmyowu2lzuwodquanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=5a0dc7aa9aa8a85f
Active growth of financial indicators is observed in activities of non-bank credit organizations (NBCOs) of Azerbaijan this year.

Azerbaijan could help improve energy security in Europe

07.12.2009 16:07 GMT

W1siziisijiwmtuvmtavmtgvmdmvntkvmzcvmjuyytzkn2qtztdlmc00yzgylwfjmdetmtayytc2mmnkzdvllzuwodeuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=6297236f98eee327
News.Az interviews Boyko Nitzov, Dinu Patriciu Fellow for Transatlantic Energy Security, Head of Eurasia Energy Center at Atlantic Council of the U.S.

I think issue with Azerbaijani gas is already settled, Turkish PM

07.12.2009 15:30 GMT

W1siziisijiwmtuvmtavmtgvmdmvntkvmjavndq3nwnjmtctymeyos00mzk2ltliytetzgi3odbmzju2zje4lzuwnjmuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=577ef762fe239124
Turkish PM Recep Tayyip Erdogan said Azerbaijan and Turkey cannot have any tensions on gas negotiations.

Industrial production made $22.1bn in Azerbaijan

07.12.2009 14:17 GMT

W1siziisijiwmtuvmtavmtgvmdmvntkvmdqvzje1mgvjnjgtytcwzs00otjiltk2mtatymzhzwvhyjqwmtrmlzuwndguanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=a139a86e449ebe91
Industrial production made AZN 17.7 bn or nearly $22.1 bn in Azerbaijan in the first ten months of 2009.

New power distribution line between Azerbaijan and Iran under construction

07.12.2009 13:51 GMT

W1siziisijiwmtuvmtavmtgvmdmvntkvmtmvy2zjnzezyjitmwu5zi00mdu2lweyzgmtytzkodzlmwiznmrhlzuwntcuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=34d165d51fa330f3
Azerenerji reconstruction at the Imishli high-voltage power distribution line which is of great importance for the power supply in Azerbaijan’s southwest.

State Oil Company exports 2.3 million tons of crude oil from Novorossiysk Port

07.12.2009 13:11 GMT

W1siziisijiwmtuvmtavmtgvmdmvntkvmdyvmgu2zgfkzdutzwzlmi00ztmxlwjmymetzjnjn2q4nda3yja4lzuwntauanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=8b60441bf7838975
SOCAR exported 238 665 tonnes of crude oil from Russia’s Novorossiysk Port during November.

Azerbaijani oil sells for $77.52 per barrel in November

05.12.2009 16:50 GMT

W1siziisijiwmtuvmtavmtgvmdmvntgvmjkvywiwnmi0nzetotawos00mwy2lwjlmdmtzmi5m2i2yjiyzgm5lzuwmtmuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=39ecc635541fc9b8
A barrel of Azerbaijani oil sold for $77.52 from Ceyhan in November, an increase of $9.36, according to the State Oil Company of Azerbaijan (SOCAR).

US oil company supports construction of Transcaspian gas pipeline

05.12.2009 16:09 GMT

W1siziisijiwmtuvmtavmtgvmdmvntgvntuvmjezyzc4otqtzgrjyi00yzhhltg4otmtzmu0mwi3mthmmzk0lzuwmzguanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=cbc117946c1102d2
"Kazakhstan can be a controller of Central Asian gas supplies both to the West and the East.

Spot trading on Baku currency exchange still lags behind 2008 highs

05.12.2009 14:29 GMT

W1siziisijiwmtuvmtavmtgvmdmvntgvmtyvmji3mthlodytztjmzs00ngmwlwe1zgqtmgzjnwmwodrimjgylzuwmdauanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=485015f584e2d620
Spot trading on the US dollar on the Baku exchange has reached $1.848bn so far this year, compared to $2.46bn in 2008.

Azerbaijan Central Bank posts growth in its monetary reserves

05.12.2009 14:24 GMT

W1siziisijiwmtuvmtavmtgvmdmvntgvmjyvzwuyyji2mdgtnta1zc00zmy4ltkxntatztqzyjuxmjy0ota5lzuwmtauanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=4407e253c7ba4eae
The monetary reserves of the Central Bank of Azerbaijan made $5,181.1 mln as of 30 November 2009.

3 new stations of Baku underground to be built

05.12.2009 13:30 GMT

W1siziisijiwmtuvmtavmtgvmdmvntgvmtgvmtq5nmjjngqtyte1os00ntlkltg1zduty2nhn2zhztbmyzhjlzuwmdiuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=d9a99cfa7642f291
Preparations are held for construction of three new stations of the Baku metropolitan including Javadkhan, Avtovokzal and The sixth station (Mushvig).

Azerbaijani brewery increased 10 times beer export to Georgia

04.12.2009 21:08 GMT

W1siziisijiwmtuvmtavmtgvmdmvntcvnduvzdrkmmu5nzmtzjhlnc00zjc4lthkmwytnmuxzjzkndqzodfmlzq5njyuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=60caf10b3ce9662b
Baltika-Baku brewery has increased capacity to 10 million decalitres per annum and launched to export to neighboring countries.

Azerbaijan to permit foreigners to open nonbanking credit organizations

04.12.2009 21:07 GMT

W1siziisijiwmtuvmtavmtgvmdmvntcvndqvmda3oti2ndmtmzcwzc00zdkylthjytktzmzhytmxnwq2zwuwlzq5njuuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=929cbb0f4a287474
A bill on nonbanking credit organization was adopted in the second reading at the next plenary session of Milli Medjlis.

Central Bank to grant loan for local strategic enterprise

04.12.2009 19:31 GMT

W1siziisijiwmtuvmtavmtgvmdmvntyvntmvyte0mgy0mwqtyjdhzs00mde4lthlztytm2zlotzlztq0nmiwlzq5mtmuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=49f1bdf912a88e0a
The Central Bank of Azerbaijan is preparing to disburse a direct loan to a strategic enterprise of the country.

Turnover of Interbank Payment System totaled $77.393 bn for Jan-Nov 2009

04.12.2009 15:55 GMT

W1siziisijiwmtuvmtavmtgvmdmvntyvndavnjg1yti0nzktnte0ys00nzbmltkznwytmgu2mwfjmmmyyzm0lzq5mdauanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=bd0097c15e96ac7e
In November AZIPS turnover amounted to only $6.29 bn and $77.393 bn for Jan-Nov 2009.

Insurance sector premiums totaled AZN 138.4 mn for Jan-Oct 2009

04.12.2009 15:24 GMT

W1siziisijiwmtuvmtavmtgvmdmvntyvmjuvzduxnzrloduty2e1os00ztcylthmzdctntk2n2uxzgnim2y3lzq4odquanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=2d5b72f0525b342c
The Ministry of Finance (MoF) has published the summary data on overall insurance premiums received by Azerbaijan’s insurance companies.

Turnover in low-value settlements and clearing system totaled $5.7 bn this year

04.12.2009 13:11 GMT

W1siziisijiwmtuvmtavmtgvmdmvntyvmdyvytlhmwvjzgqtmjlkos00yzu4ltg0mmetotc4ymm5nzfmody3lzq4njquanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=69190e918e8b63fd
In January to November, 2009, turnover of Azerbaijan’s low-value settlements and clearing system totaled $5.717 bn.

Azerbaijan and World Bank sign agreements on rail mega project

03.12.2009 21:21 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvntmvztblzmrkztmtotljys00mju3lwi4m2ytode4zdiymzhkm2fjlzq4ntiuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=a6835ec1cf735af2
Azerbaijan and the World Bank have accomplished renewal of the draft agreement on Rail Trade and Transport Facilitation Project.

World Bank supports gas flaring reduction in Azerbaijan

03.12.2009 21:15 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvndyvyza3zjm0mzutndizny00nde2ltgzy2qtntiwogmwmjlkyziylzq4nduuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=c52ee63179f77017
A mission of the World Bank's Global Gas Flaring Reduction partnership is visiting Baku.

Baku ring road to open in summer 2010

03.12.2009 21:12 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvndcvn2ezzgflzwutnjfmny00nmqwlwe4ngytnju2zdy2zdflzmu2lzq4ndyuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=482d208aa4d2e924
Azerbaijan’s Ministry of Transport has postponed completion of the Baku ring road to 1 August 2010.

NGO may be freed from mandatory social insurance

03.12.2009 19:46 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvmzavzjdkntqxndatmmi2ni00ytayltk0mzgtyzdjnmyznzqwyjkylzq4mjcuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=5635983101fbce7a

New underground station to open in Baku

03.12.2009 19:44 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvmzqvnjg2zjgxzwqtowflny00mzm5lthiogitmdzmntu2mwu2yjywlzq4mzeuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=3fee410378985c4e
Azadlyg underground station will be commissioned on December 20.

Gas Plant gains independent status in Azerbaijan's State Oil Company

03.12.2009 19:27 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvmjcvnzm3yjrhytytnjbhys00m2flltlkndetmtk2ztyzntkwndbllzq4mjmuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=9b158585e347201f
The Azerbaijan Gas Processing Plant is now an independent unit within the State Oil Company, following abortive attempts at privatization.

Cash flow exceeds $37 billion in Azerbaijan

03.12.2009 19:00 GMT

W1siziisijiwmtuvmtavmtgvmdmvntuvmjmvyjvlmdy4ndgtzje2ys00mde1lthlnjityzrmzgzkytk5ndywlzq4mtkuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=a5dca102c295da07
In January to October, 2009, cash flow of bank system of Azerbaijan exceeded $37.02 bn.

Reserve money in Azerbaijan reduced by 15.1% since early 2009

03.12.2009 17:20 GMT

W1siziisijiwmtuvmtavmtgvmdmvntqvmtcvmjixymy4y2etnzq2ys00mtc5lwjlnzatmde0yzk4mguymjhjlzq3njeuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=9ff93cdb8081df63
Extended money basis was observed decline of 15.1% for Jan-Oct 2009 and fall of 1.2%.

Azerbaijan leads CIS on GDP and industrial output

03.12.2009 16:35 GMT

W1siziisijiwmtuvmtavmtgvmdmvntqvmdgvmmrhyzi3mwmtmjzhys00yti1lwfhmgutndrhodfizgnlnzyylzq3nteuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=6ba5448ab1e931ca
Azerbaijan recorded the highest GDP of the CIS countries in January to October this year, 8.2%.

BP pressing ahead with development at Azerbaijan's largest oilfield

03.12.2009 16:23 GMT

W1siziisijiwmtuvmtavmtgvmdmvntmvmzkvyjazmtnjzdqtndm2ni00mgfllwexogitmwq2mziwzthjmdjllzq3mtkuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=483201208c18946f
The Chirag Oil Project is expected to produce a further 183,000 bpd from Azerbaijan’s largest oilfield bloc.

Money mass in Azerbaijan reduced by 11.4% this year

03.12.2009 15:49 GMT

W1siziisijiwmtuvmtavmtgvmdmvntqvmdevymqzn2mwzdmtmtq3mi00yjfilwi4ymqtyjyzm2u1otuxzdnklzq3ndquanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=a5fcb123514aef2d
For Jan-Oct 2009 the CBA registered reduction of money mass (M2) by AZN 692.5 million (11.4%) with its year-on-year drop of AZN 55.3 million (1%).

Barak Obama has chosen Azerbaijan’s way of post-crisis development

03.12.2009 15:20 GMT

W1siziisijiwmtuvmtavmtgvmdmvntmvntcvmzi2yjg5mtmtztc2ny00y2vlltljzmqtoty3zwi3zmm4mdjjlzq3ndauanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=0e154b5759f7131a
United States has chosen the path of Azerbaijani government which arranged in Baku on 21 October a high-level forum.

Israel interested in pumping Azerbaijani oil via Ashkelon-Eilat pipeline

03.12.2009 14:25 GMT

W1siziisijiwmtuvmtavmtgvmdmvntmvndcvnjc5mdc0mdcty2i3my00mjnhlwiwzwutmtuxy2zingfmodm0lzq3mjguanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=5ab7b197f2df38f2
Israeli Ambassador transportation of Azerbaijani oil through the Ashkelon-Eilat pipeline ‘is economically profitable’.

International custom conference to take place in Baku

03.12.2009 13:21 GMT

W1siziisijiwmtuvmtavmtgvmdmvntmvmzivmjmxzgm0ztytotyyns00zmexlwe0ogetm2y2mmi3ytjkzgmxlzq3mteuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=c846b3f4501ddb57
Azerbaijan took part in work of 18th annual session of permanent committee on power industry.

State Oil Company's plant starts producing large-diameter ascending pipes

03.12.2009 13:17 GMT

W1siziisijiwmtuvmtavmtgvmdmvntmvmzavmgq1zwywzmitmtezns00n2ywlwjmytetzjqzmmvhzdzkzja0lzq3mdkuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=c262ea89b7937976
At the beginning of 2010, the installation will be mounted in the plant and will enable producing large-diameter ascending pipes,imported earlier.

Top Read Articles

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook