ADIF pays over AZN 732M in compensation to eleven closed banks’ customers

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More from Economy

Azerbaijan’s low-value settlements and clearing system registers $5.1 bn payments for Jan-Oct 2009

13.11.2009 15:47 GMT

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For Jan-Oct of the year turnover of XOHKS (Azerbaijan’s low-value settlements and clearing system) totaled $5.13 bn by early November (exchange rate: AZN 0.8032 to the US dollar) against $6.7 bn for 2008.

Azerbaijan may raise oil supplies to Ukraine

13.11.2009 15:00 GMT

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Turnover of Azerbaijan Interbank Payment System made $71.023 bn over January-October 2009

13.11.2009 13:30 GMT

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In October, turnover of Azerbaijan Interbank Payment System (AZIPS) made $7.17 bn (exchange rate: AZN 0.8032 to the US dollar) versus this year’s record monthly turnover registered in March ($8.636 bn).

Azeri parliament completes main discussions on 2010 budget

13.11.2009 13:04 GMT

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Azerbaijan's parliament, the Milli Majlis, has finished three days of discussions on the draft budget for 2010.

Budget 2010 does not have enough resources for Government support Fund for Mass Media: Azeri MP

12.11.2009 21:48 GMT

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Milli Majlis (Azerbaijani Parliament) continued discussion over the state budget of Azerbaijan for 2010 and heard proposals of lawmakers.

OPEC predicts growth in Azerbaijan's oil production in 2010

12.11.2009 20:38 GMT

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OPEC predicts growth in oil production in Azerbaijan next year.

Belarusian president keen to boost trade with Azerbaijan

12.11.2009 20:16 GMT

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Belarusian President Alexander Lukashenko welcomed his Azerbaijani counterpart, Ilham Aliyev, to the Presidential Palace in Minsk on Thursday.

Culture and Tourism Ministry says cancellation of visa regime by Iran not to affect local tourism

12.11.2009 19:58 GMT

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The Azerbaijani citizens visited Iran even before the visa regime was cancelled.

World Customs Organization's regional office on strengthening potential to open in Baku

12.11.2009 19:47 GMT

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Azeri State Customs Committee and the World Customs Organization have signed a memo of understanding about creation of WCO’s regional office on strengthening the potential of the organization in Baku.

Licensing of activity on use of alternate and renewable energy introduces in Azerbaijan

12.11.2009 16:08 GMT

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By his next decree the Azerbaijani President has endorsed the Statute on the State Agency for Alternate & Renewable Energy Sources under the Ministry of Industry & Energy of Azerbaijan.

Deutsche Bank allocates $80 mln to SOCAR

12.11.2009 16:02 GMT

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Deutsche Bank has allocated $80 mln credit to SOCAR.

Ilham Aliyev signs order to improve power supply in capital

12.11.2009 15:31 GMT

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President of Azerbaijan Ilham Aliyev signed an executive order on some measures to improve power supply in Baku.

Great Silk Road countries custom services representatives arrived in Baku

12.11.2009 13:18 GMT

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The Second international forum on the role of customs offices in promotion and simplification of trade among the Great Silk Road countries commenced in Baku.

Car imports to Azerbaijan fall

11.11.2009 21:50 GMT

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The import of cars to Azerbaijan has fallen 36% in 10 months of 2009, State Customs Committee chief Aydin Aliyev told journalists on Wednesday.

Azerbaijan’s Vice Premier: The world financial crisis has not affected construction of Baku-Tbilisi-Kars railroad

11.11.2009 21:12 GMT

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The world financial crisis has not affected the construction of the Baku-Tbilisi-Kars railroad, Azerbaijan’s Vice Premier Abid Sharifov told reporters.

Azerbaijan to export gas to Iran

11.11.2009 21:01 GMT

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Azerbaijan will export gas to Iran beginning from 2010, SOCAR’s president Rovnaq Abdullayev told reporters Wednesday.

Azerbaijan and Turkey to increase trade turnover to $1.5 bn

11.11.2009 20:42 GMT

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The governments of Azerbaijan and Turkey intend to raise trade turnover to $1.5 bn in the coming years, Azerbaijan Vice Premier Abid Sharifov told reporters.

International oil investors transfered 300 mln AZN to Azerbaijan’s budget

11.11.2009 20:19 GMT

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The international oil companies of the country have sharply increased transfer of income taxes to the Azerbaijani budget in the third quarter of 2009.

Nabucco’s implementation delayed again

11.11.2009 20:13 GMT

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The implementation of the project for construction of the Nabucco gas pipeline that must supply gas to Europe bypassing Russia is again removed from the schedule.

IMF sees steep fall in remittances to Armenia

11.11.2009 18:55 GMT

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The International Monetary Fund is forecasting a 30% fall in private remittances to Armenia this year.

Azeri government conducting effective economic policy - MP

11.11.2009 17:47 GMT

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Azerbaijan's parliament, the Milli Majlis, is continuing discussion of the draft state budget for 2010.

Germany’s environment purification technology presented in Baku

11.11.2009 17:20 GMT

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A business forum on environment purification technologies from Germany has started in Baku today.

Azeri banks’ repayment of $1.5 bn of foreign liabilities did not lead to their bankruptcy

11.11.2009 16:13 GMT

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The Central Bank of Azerbaijan has claimed of local banks’ immunity to the global crisis.

Black Sea Trade and Development Bank to invest in Azerbaijan

11.11.2009 15:47 GMT

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The Black Sea Trade and Development Bank (BSTDB) is interested in financing private sector in Azerbaijan, said Heyraddin Kaplan, the bank`s chairman.

E.ON Ruhrgas interested in modernizing Azerbaijan's gas supply system

11.11.2009 15:24 GMT

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A delegation from German energy company E.ON Ruhrgas has outlined its interest in modernizing Azerbaijan's gas supply system.

30.5 million tons of Azeri oil transported via BTC in 2009

11.11.2009 15:02 GMT

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The State Oil Company of Azerbaijan Republic (SOCAR) has renewed statistical data on Azerbaijani oil export via the major pipeline Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev.

SOCAR, AIOC to transfer 1.530 bn AZN of taxes to state budget

11.11.2009 14:41 GMT

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SOCAR and the Azerbaijan International Operational Company (operator of the Azeri-Chirag-Guneshli fields development) will transfer 1.530 bn AZN to the state budget, said Finance Minister Samir Sharifov.

Azeri Central Bank sees growth in business confidence

11.11.2009 13:06 GMT

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Azerbaijan's Central Bank has reported a growth in business confidence over the past three months.

Azerbaijan's foreign debt tops $7bn

11.11.2009 13:03 GMT

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Azerbaijan's total foreign debt was $7.39 billion as of 1 October 2009, Finance Minister Samir Sharifov told.

Azeri cabinet amends rules for oil and gas industry

11.11.2009 12:56 GMT

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Azerbaijan's Cabinet of Ministers has approved legal documents on the application of a special economic regime to the export-oriented oil and gas industry.

Russia interested in getting share from second phase of Shahdeniz project

10.11.2009 21:58 GMT

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Azerbaijan increases the limit of this year’s internal debt up to AZN 2,25 bn

10.11.2009 21:35 GMT

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In the same package with the Bill on State Budget 2010 the Azerbaijani President also introduced into the country’s parliament the draft amendments to the Law on State Budget 2009.

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