Azerbaijan, Arab States of the Gulf sign three MOUs

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More from Economy

Bridge over Baku bay to be built

18.12.2009 15:22 GMT

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A Protocol on the construction of a bridge via Baku bay signed.

Azerbaijan Mortgage Fund lends over $80m in 2009

18.12.2009 14:31 GMT

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The number of loans made through the Central Bank's Azerbaijan Mortgage Fund (AMF) is continuing to increase.

Azerbaijan's State Oil Company expands petrol station network in Georgia

18.12.2009 12:57 GMT

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Rovnag Abdullayev, president of the State Oil Company of Azerbaijan (SOCAR), has opened the company's 28th petrol station in Georgia.

Asian Bank allocates new loan to Azerbaijan

17.12.2009 21:44 GMT

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Asian Development Bank and the Azerbaijani government have signed a new loan agreement in Baku on 17 December.

Foreign investment in Azerbaijan declines more slowly

17.12.2009 21:03 GMT

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The rate of the decline in foreign investment in Azerbaijan has slowed in the second half of the year.

Secondary flats decline in prices in Baku

17.12.2009 21:00 GMT

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A 1.3% rise in the number of contracts has been observed on the secondary market of Baku in November as compared to October.

Technical fall in insurance companies' capitalization in Azerbaijan

17.12.2009 20:55 GMT

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The new law on insurance in Azerbaijan has had mixed results in terms of the capitalization of the domestic insurance sector.

Central Bank grants first tranche of loan to domestic enterprise

17.12.2009 19:50 GMT

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Azerbaijan Central Bank to grant first tranche in amount of AZN 141 million from 10-year loan to Azeraluminium.

Draft rules of auto insurance developed in Azerbaijan

17.12.2009 19:22 GMT

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The State Service of Insurance Control at Azerbaijan's Finance Ministry has developed draft general rules on auto insurance.

Azerbaijan to produce world's biggest calibre sniper rifles

17.12.2009 18:16 GMT

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APA interviews Yaver Jamalov, Azerbaijan’s defence industry minister.

Azerbaijan mines 277 kg of gold since July

17.12.2009 17:34 GMT

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In November alone, 73 kg of gold were extracted from the Gadabay field in the west of Azerbaijan.

Monthly average wage in Azerbaijan grows 11.7%

17.12.2009 16:25 GMT

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The monthly average wage in Azerbaijan made AZN 296 in November.

State Oil Company ensured technical credibility for gas export to Russia

17.12.2009 13:23 GMT

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The State Oil Company of Azerbaijan (SOCAR) has finished repairs in main gas pipeline Baku-Mozdok.

Azerbaijan communications sector sales topped $1 bn in 2009

17.12.2009 13:20 GMT

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Communication sector sales in Azerbaijan totaled $1.069 bn for Jan-Nov 2009 in accord with average exchange rate for the reported period.

Azerbaijan produced Information Communication Technology equipment for $1.1 bn

17.12.2009 13:16 GMT

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For Jan-Nov 2009 the Azerbaijani ICT enterprises produced goods and rendered services for $1.137 bn.

OPEC experts predicts growth in Azerbaijan's oil production in 2010

16.12.2009 20:16 GMT

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The world will need more oil in 2010, according to a monthly report of Oil Producing and Exporting Countries.

Azerbaijan raises oil production 13.5%, gas extraction 2.3% in Jan-Nov

16.12.2009 20:05 GMT

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Oil production in Azerbaijan made 46,355.4 mln tons in Jan-Nov 2009.

Investments in Azerbaijani economy top $8bn in year to November

16.12.2009 19:39 GMT

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Domestic investment in the Azerbaijani economy has increased slightly so far in 2009, while foreign investments have continued to fall.

In November consumer price index in Azerbaijan grew by 0.5%

16.12.2009 16:45 GMT

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In November 2009 base CPI in Azerbaijan grew by 0.5% with this year’s rise of 1.7%.

Turkish oil company to continue investing in Azerbaijan

16.12.2009 16:23 GMT

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Turkey's TPAO will continue investing in Azerbaijan, said Turkish Energy Minister Taner Yildiz, according to Hurriyet.

Italy supports all projects aimed at raising Caspian energy supplies, ambassador

16.12.2009 15:43 GMT

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"Mr.Berlusconi intends to visit Azerbaijan in response to two official visits paid by Azerbaijani President Ilham Aliyev to Italy in 2005 and in 2008.

Lithuanian company to excise duty stamp for Azerbaijan

16.12.2009 15:20 GMT

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Lithuania’s Qarsu Pasaulis has won Azerbaijani Finance Ministry’s excise duty stamp tender.

Azerbaijan's GDP tops $37bn in year to November

16.12.2009 15:14 GMT

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Azerbaijan's GDP in January to November grew 9% in comparison with the equivalent period in 2008.

Population incomes grow in Azerbaijan

16.12.2009 14:54 GMT

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The nominal incomes of the population of Azerbaijan made AZN 19,816.2 mln which is a 7.6% rise over the previous year.

SOCAR, National Iranian gas export company sign two documents

15.12.2009 21:57 GMT

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The delegation led by Azerbaijani Foreign Minister Elmar Mammadyarov paid an official visit to Iran, Foreign Ministry’s press service told.

Baku-Tbilisi-Kars railway project implemented on schedule, official

15.12.2009 21:52 GMT

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The construction of the Baku-Tbilisi-Kars (BTK) railway project has continued to progress on schedule.

Loan rates expected to drop in Azerbaijan

15.12.2009 21:22 GMT

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The Central Bank of Azerbaijan (CBA) has started work with domestic banks on loan rate cutting.

Grain imports will be replaced with local production in Azerbaijan

15.12.2009 21:18 GMT

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In the future farmers will produce quality products in the volume required by the Grain Fund.

Average prices for non-residential premises Baku decline by 10,6%

15.12.2009 20:05 GMT

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In November the average price of real estate used for commercial purposes and subject to sale or lease decreased by 0,2%.

Swiss economic secreteriat assisted to Azerbaijan for $60 million since 2001

15.12.2009 19:35 GMT

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State Secretariat for Economic Affairs of Switzerland (SECO) turned into the largest donor of technical assistance to Azerbaijani financial sector.

New chance on the old Silk Road for economic recovery of America

15.12.2009 18:55 GMT

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Washington Post published article on Ilham Aliyev's decision to invite American companies to construct 21st century highways in Azerbaijan.

Azerbaijan among leaders of economic growth

15.12.2009 18:51 GMT

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Azerbaijan is among top five countries leading in economic growth with one of the highest GDP growth rates in the world (9.5%).

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