Azerbaijan Trade House to open in Belarus today

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More from Economy

Azerbaijan plans 53.3 million tons of oil production in 2010

03.11.2009 21:03 GMT

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Sevinj Hasanova, deputy minister for economic development, has said that in 2010 the forecast on country’s oil production is 53.3 million tons of oil.

Oil sector will bring mere AZN 1.53 bn of tax revenues to Azerbaijan’s budget

03.11.2009 20:36 GMT

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The bill on the state budget of Azerbaijan for 2010, recommended for discussion at the plenary session of the parliament, envisages moderate revenues from the oil sector.

Gas production from Azerbaijan's Oily Rocks to go up to one billion cubic metres per day

03.11.2009 20:12 GMT

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The State Oil Company's Oily Rocks (Neft dashlari) oil and gas production department is planning to raise gas extraction to one billion cubic metres per day by the end of 2009, according to the department's deputy chief, Madat Bagirov.

Azerbaijan's draft budget for 2010 recommended for adoption in parliament

03.11.2009 20:01 GMT

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A joint session of five parliamentary committees has considered the state budget for 2010 and recommended it for submission to a plenary session of Azerbaijan's parliament, the Milli Majlis.

Swiss-Azerbaijani cooperation developing rapidly - Swiss ambassador

03.11.2009 18:43 GMT

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President Ilham Aliyev's visit to Switzerland in October is evidence of the good relations between Baku and Bern, Switzerland's ambassador to Azerbaijan, Alain Guidetti, told a press conference today.

Ilham Aliyev attends ground-breaking ceremony of hard wastes disposal facility - PHOTOS

03.11.2009 18:08 GMT

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Azeri president attends ground-breaking ceremony of hard wastes disposal facility

03.11.2009 16:47 GMT

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On November 3 President of Azerbaijan attended a ground breaking ceremony of the hard wastes disposal facility.

IMF: Azerbaijan’s nominal GDP to reach record $51.9 bn in 2010

03.11.2009 15:19 GMT

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According to International Monetary Fund’s Regional Economic Outlook, Azerbaijan is to achieve a record in 2010 on nominal gross domestic product for entire history of its independence.

Baku stock exchange turnover tops AZN 3 bn

02.11.2009 21:54 GMT

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In January-October of 2009 the total turnover of exchange deals on all tools at the Baku stock exchange made AZN 3,045,349.

Azerbaijan’s 2010 state budget envisages no funding for the activities within the NATO Partnership for Peace and IPAP

02.11.2009 21:25 GMT

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Azerbaijan’s state budget for 2010 envisages AZN 24 945 644 for improvement in salary and pension benefits in the defense and security sector, and financing social measures.

IMF: money transfers from abroad make mere 3.4% of Azerbaijan’s GDP

02.11.2009 21:19 GMT

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The International Monetary Fund (IMF) has ascertained lack of Azerbaijani economy dependence on money transfers from abroad.

New global projects to be presented at BakuTel-2009

02.11.2009 21:05 GMT

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Several global projects will be presented at the 15th jubilee Azerbaijan International Exhibition and Conference “Telecommunications and Information Technologies” - BakuTel-2009.

Idea of primary real estate participants’ club was suggested in Azerbaijan

02.11.2009 20:37 GMT

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The Baku Realtors’ Association (BRA) has come forward today with a proposal to set up a special club for participants of primary real estate market.

Executive Credit Agency’s portfolio reached $80 million by October

02.11.2009 20:31 GMT

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ECA established by the alliance headed by Turkey’s G&G for spending ADCP-1 credit component was acquired by AKIA in 2005.

Azerbaijan and Czechia conclude agreement on economic cooperation and establish joint commission

02.11.2009 18:50 GMT

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Azerbaijani Minister of Economic Development of Shakhin Mustafayev and Czech Ambassador to the country Radek Matula signed an intergovernmental agreement on economic, scientific and technical and cultural cooperation.

HP general director for CIS links steady development in Azerbaijan comminacation technologies sphere

02.11.2009 17:18 GMT

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Stable growth of the market of information & communications technologies (ICT)in Azerbaijan is linked first of all with sustainability of country’s economy.

Azerbaijani parliament to discuss draft law on 2010 state budget for four days

02.11.2009 17:15 GMT

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Draft law on Azerbaijan’s state budget for 2010 will be discussed in the parliament for four days.

Azerbaijan bans privatization of lands with communication lines

02.11.2009 16:27 GMT

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Ilham Aliyev, the president of Azerbaijan, has signed a decree on additions to the Second State Privatization Programme endorsed on 10 August 2000.

Single Arab currency to appear already in 2010

02.11.2009 16:01 GMT

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The single currency agreement signed this June by the four member countries of the Cooperation Council for the Arab States of the (Persian) Gulf (CCASG) – Saudi Arabia, Bahrain, Kuwait, and Qatar – becomes reality.

Bodies responsible for special export schedule for Azerbaijan’s oil & gas sector specified

02.11.2009 16:00 GMT

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Azerbaijani President Ilham Aliyev has issued a decree on application of the Law on special economic schedule of oil and gas enterprises’ export activity.

Nabucco consortium postpones project start for 2011 and declines from Azeri gas in favor of Iranian one

02.11.2009 15:59 GMT

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Nabucco Gas Pipeline, a consortium for construction of the first gas pipeline from Asia to Europe by-passing Russia, is seeking new suppliers for the project implementation in time.

Ukrainian mass media: Azerbaijani oil supplies to Ukraine have started for the first time after 2001

02.11.2009 15:25 GMT

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Azerbaijani businessmen are considering opportunity of oil supplies and refining in Ukraine owing to close ties between Ukraine and Azerbaijan, Ukrainian Minprom reports.

By 2013 governments of inland Europe, UK, Japan and US to go bankrupt, Christof Bernard

02.11.2009 15:08 GMT

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Managing director of Swiss bank Union Bancaire Privee (UBP) Christof Bernard predicts approaching bankruptcy of leading countries of the world.

Iran welcomes creation of free economic area with participation of Turkey, Azerbaijan and Armenia

02.11.2009 15:08 GMT

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Iran is preparing for a large-scale privatization, Moshen Rezan, former presidential candidate in Iran and the current head of the privatization commission said in Turkey, told Hurriyet.

Number of insured depositors in Azerbaijan exceeds number of economically active population of country

02.11.2009 14:43 GMT

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The Azerbaijan Deposit Insurance Fund (ADIF) finished attraction of calendar payments from its 42 members for the third quarter of 2009.

Over 9 months of 2009 corporate securities market increases by 11.2% in Azerbaijan

02.11.2009 13:07 GMT

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An accounting meeting summarizing the results of 9 months of 2009 took place in the Azerbaijan State Securities Committee (SSC).

Taner Yildiz: Every country has alternative gas sources

31.10.2009 17:14 GMT

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“This can be attributed to our Azerbaijani brothers too”.

Azerbaijan produced 186,000 dal of strong drinks

30.10.2009 21:11 GMT

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The Azerbaijan Ministry of Agriculture is pleased with quality of alcoholic production in the country.

Land price falls 3.6% in Baku in September

30.10.2009 20:35 GMT

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Land sales and prices fell again in Baku in September.

Azerbaijan posts 3% growth in agricultural sector

30.10.2009 20:14 GMT

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Agricultural sector continues to grow dynamically in Azerbaijan.

Azerbaijan’s agriculture ministry says no alcohol import needed

30.10.2009 19:27 GMT

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The Azerbaijan’s Agricultural Ministry says the decline in production and import of alcohol drinks in Azerbaijan is caused by natural reasons.

Azerbaijan’s agricultural production export tops $204mln

30.10.2009 18:00 GMT

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Azerbaijan’s agricultural import made $449,681,700 in January-August of 2009.

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