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

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More from Economy

Azerbaijan Accounting Chamber appeals to support budget 2010

10.11.2009 21:31 GMT

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Azerbaijani parliament continues dispute on the Bill on State Budget 2010.

Ilham Shaban: Azerbaijan has always been for diversification of its energy sources to avoid problems

10.11.2009 21:28 GMT

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Investments in petrochemical complex of Azerbaijan estimated at $5.5 billion

10.11.2009 21:14 GMT

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Stability the watchword for Azerbaijan's 2010 budget

10.11.2009 20:42 GMT

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Azerbaijan's parliament, the Milli Majlis, on Tuesday discussed the draft state budget for 2010.

Surplus of Azerbaijan balance of payments to total $9-10 billion at the end of 2009

10.11.2009 20:27 GMT

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The Central Bank of Azerbaijan (CBA) expects serious growth of surplus of balance of payments of the country.

Gazprom may ask Turkmenistan and Azerbaijan to reduce prices on gas supplies

10.11.2009 20:16 GMT

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Gazprom has released a report on international standards for Q1 of 2009.

Azeri, Slovene presidents attend business forum

10.11.2009 19:17 GMT

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Presidents Ilham Aliyev of Azerbaijan and Danilo Turk of Slovenia attended the Azerbaijan-Slovenia business forum in Baku today.

2010 budget designed for social, investment and defense spheres - speaker

10.11.2009 17:42 GMT

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In the main, the expense part of the 2010 budget will be oriented in three directions: social, investment and defense, Parliamentarian Oqtay Asadov said.

Azerenerji expect to put the Canub station into operation in 2011

10.11.2009 17:31 GMT

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National electric power operator Azerenerji OJSC has postponed commissioning of electric power station Canub.

Azeri banks’ deposit base dropped by 2.2%

10.11.2009 16:47 GMT

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For Jan-Sept 2009 Azerbaijani banks’ deposit base decreased by 5.8% year-on-year against its growth by 7.4% in December 2008 and by 36.6% in 2007.

SOCAR transfers $150,804,000 to state in October

10.11.2009 14:08 GMT

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The State Oil Company of Azerbaijan paid $150,804,000 to the state in October of 2009 including $140,500,000 to the state budget and $10,260,000 to the State Fund of Social protection.

Azerbaijan, Slovenia set up strategic partnership

09.11.2009 21:00 GMT

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Azerbaijani President Ilham Aliyev and his Slovenian counterpart, Danilo Turk, have signed a joint statement on the establishment of a strategic partnership between the two republics.

Azerbaijan’s plastic cards turnover exceeded $4.86 bn

09.11.2009 16:52 GMT

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For Jan-Sept of the year turnover on plastic cards issued by Azerbaijan’s banks exceeded $4.86 bn that makes 91.39% of record turnover of the past year ($5.335 bn).

Reserve money in Azerbaijan fell by 15.8%

09.11.2009 14:47 GMT

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The Central Bank of Azerbaijan (CBA) reports that extended money basis was observed decline of 15.8% for Jan-Sept 2009 and fall of 6.1% against the 2008 same term and growth of 44.27% for 2008.

Money mass reduced by 14% for Jan-Sept 2009

09.11.2009 14:46 GMT

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For Jan-Sept 2009 the Central Bank of Azerbaijan (CBA) registered reduction of money mass (M2) by AZN 858.6 million (14.1%) with its year-on-year drop of AZN 290.4 million (5.3%).

Azerbaijan investment summit to take place in London

09.11.2009 13:33 GMT

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London-based Adam Smith Conferences will host the First International Azerbaijan Investment Summit on 8-9 December.

Azerbaijan's cash flow exceeded $32.9 bn

09.11.2009 13:24 GMT

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For Jan-Sept 2009 cash flow of bank system of Azerbaijan exceeded $32.966 bn .

Liquefied gas production increased by 4.3% in Azerbaijan

07.11.2009 16:11 GMT

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The State Oil Company of Azerbaijan Republic (SOCAR) increased liquefied gas extraction by 4.3% this October compared to September of the year and reached the best production per month.

Azerbaijan predicts 88% increase in average nominal wages by 2014

07.11.2009 15:34 GMT

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The Azerbaijani government predicts a 88% increase in the average monthly nominal wages up to 588.1 AZN in 2014 as compared to 2009, sources in the government say.

Oily Rocks recoverable reserves estimated at 182 m tons

06.11.2009 20:42 GMT

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The volume of recoverable hydrocarbon reserves at Oily Rocks is estimated at 182 m tons, said SOCAR president Rovnag Abdullayev, on Thursday.

Azerbaijan maintains strongest GDP growth in CIS

06.11.2009 16:43 GMT

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Azerbaijan`s Gross Domestic Product grew 6.1 percent in the nine months of 2009, putting the country ahead of other countries of the Commonwealth of Independent States (CIS).

GM decision to retain Opel not political - German foreign minister

06.11.2009 15:42 GMT

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General Motors' decision not to sell the carmaker Opel to a Canadian-Russian consortium was not political, German Foreign Minister Guido Westerwelle said after talks with US Secretary of State Hillary Clinton.

Azeri president: Azerbaijan uses its oil and gas potential skillfully and wisely

06.11.2009 14:07 GMT

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President of Azerbaijan has attended a jubilee ceremony on the 60th anniversary of the Oily Rocks field.

Ilham Aliyev on Oily Rocks - PHOTOS

06.11.2009 14:02 GMT

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IMF: Next year Azerbaijan will reduce ratio of its foreign state debt to country’s GDP

06.11.2009 13:15 GMT

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According to International Monetary Fund’s estimate, next year Azerbaijan will reduce ratio of its foreign state debt (governmental debt and debt guaranteed by the government) to country’s GDP.

IMF: Azerbaijan’s payment balance surplus to be 23.1% of GDP in 2010

05.11.2009 21:37 GMT

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According to International Monetary Fund’s estimate, next year Azerbaijan is going to become the leader in the region of Caucasus and Central Asia on net surplus of current account of balance of payments.

Slovenian foreign minister: We support EU-Azerbaijan energy dialogue

05.11.2009 20:24 GMT

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APA news agency interviews Slovenian Foreign Minister Samuel Zbogar, current chairman of the Council of Europe’s Committee of Ministers.

Azeri president celebrates 60th anniversary of Oily Rocks offshore production site

05.11.2009 18:52 GMT

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Azerbaijani President Ilham Aliyev today attended a ceremony to mark the 60th anniversary of Oily Rocks, the world's first ever offshore oil town.

Azeri Agriculture Ministry makes conservative forecasts for 2010

05.11.2009 18:13 GMT

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Azerbaijan's Ministry of Agriculture is forecasting growth of around 4-5% in domestic agriculture in 2010.

Azerbaijan, Kazakhstan, Russia and Turkmenistan “punished” for failing to diversify away from energy reliance

05.11.2009 15:37 GMT

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Commodity-rich nations including as Azerbaijan, Kazakhstan, Russia and Turkmenistan, were punished for failing to diversify away from energy reliance, the EBRD said in its annual Transition Report.

Gasoline price not to rise in Azerbaijan

05.11.2009 15:19 GMT

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The tariff council dismisses reports about possible rise in gasoline price, Olaylar reports.

Azerbaijan to profit from record gold price

05.11.2009 14:52 GMT

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The price of an ounce of gold has reached a record high, which is good news for Azerbaijan's Gadabay gold mine.

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