Azerbaijani president allocates AZN 6.8M for road construction in Barda

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More from Economy

Black Sea ring highway project to be discussed in Turkey

08.12.2009 15:10 GMT

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Black Sea ring highway to be discussed in Istanbul.

Azerbaijani air company to operate cargo flights to Iraq

08.12.2009 14:01 GMT

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Silk Way Airlines has obtained a right to freight cargo flights in Iraq.

Iran hopes to purchase Azerbaijani gas

08.12.2009 13:50 GMT

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Iran willing to buy Azerbaijan gas.

European Commission to begin two TRACECA complex projects

08.12.2009 13:43 GMT

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Since 2011 European Commission to begin two TRACECA complex projects of technical aid on aviation and logistics.

Micro Finance Association's loan portfolio tops $2 bn

08.12.2009 13:43 GMT

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The Azerbaijan Micro Finance Association (AMFA) has summed up results of its activity this October.

International seminar on copyright and digital environment kicks off

08.12.2009 13:24 GMT

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Two-day international seminar on the theme of “Copyright and digital environment: fight against piracy and other problems” opened in Baku.

Azerbaijan receives observer status at European Standardization Committee

07.12.2009 21:53 GMT

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Azerbaijan will get observer status at the European Standardization Committee on 1 January 2010.

Trade turnover between Georgia and Azerbaijan nears $460 mln

07.12.2009 21:51 GMT

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In Jan-Oct 2009 Azerbaijan has been the second bigger partner of Georgia in trade turnover.

Iran to start exploratory drilling in Caspian Sea

07.12.2009 20:52 GMT

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Iran is to start exploratory drilling in the Caspian Sea by the end of the current Iranian year, 21 March 2010.

Caspian Sea status agreed almost by 70%

07.12.2009 19:17 GMT

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The Iranian ambassador to Azerbaijan states that the status of the Caspian Sea has been agreed by almost 70%.

Asian Development Bank to expand energy co-operation with Azerbaijan

07.12.2009 17:43 GMT

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ADB regional department’s energy director to arrive in Azerbaijan first time.

Record in guarantees issue achieved by Azerbaijani banks

07.12.2009 17:31 GMT

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In October Azerbaijani commercial banks increased much factoring operations and guarantee granting but reduced L/C opening.

MPs to attend 1st Azerbaijan Investment Summit in London

07.12.2009 17:23 GMT

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The Azerbaijani Parliament could not ignore holding of the 1st International Azerbaijan Investment Summit to be held in London tomorrow.

Central Bank’s currency reserves not to exceed $6 bn this year

07.12.2009 16:40 GMT

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Following this year the Central Bank of Azerbaijan (CBA) will lose at least 2.3% of its currency reserves.

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

07.12.2009 16:33 GMT

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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

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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

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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

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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

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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

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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

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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

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"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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Azerbaijan and the World Bank have accomplished renewal of the draft agreement on Rail Trade and Transport Facilitation Project.

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