Baku-Batumi bus service may become daily

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More from Economy

Azeri agricultural production falls slightly in September

24.10.2009 13:24 GMT

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Agricultural output in Azerbaijan in September continued August's decline after the record figures for July 2009, the State Statistics Committee reports.

Azeri ministry weighs environmental impact of proposed waste incinerator

24.10.2009 12:54 GMT

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The Ministry of Ecology and Natural Resources of Azerbaijan will complete by the end of the month its response to the environmental impact assessment report on a waste incinerator to be built in Baku.

IDB allocated $200 million instead of $130 million for Canub station project

23.10.2009 21:13 GMT

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IDB Board of Directors considered and approved a $200 million loan for station’s construction within the framework of co-operation with Azerbaijan for period until 2012.

Azeri agricultural leasing company receives over 200 m manats in state support

23.10.2009 20:43 GMT

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Azerbaijan's Aqrolizing company has been allocated AZN 221.26 million ($275.5 million) by the government since 2005.

Azerbaijan's trade surplus tops $5bn in year to September

23.10.2009 19:41 GMT

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Azerbaijan's oil-driven economy posted a positive balance of trade in January to September.

Lower end of housing market levels out in Azerbaijan

23.10.2009 18:45 GMT

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Nusret Ibrahimov, one of the founders of the Baku Realtors' Association, says that the lower end of the housing market is stabilizing.

Turkish energy minister confident of gas deal with Azerbaijan

23.10.2009 18:05 GMT

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Turkish Energy Minister Taner Yildiz has told reporters he is not worried about the negotiations with Azerbaijan on terms for the import and transit of gas.

Baku Steel Company has normalized output manufacture and scrap metal collection

23.10.2009 13:19 GMT

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Baku Steel Company, Azerbaijan’s key producer of building bars, has normalized its activity.

Azerbaijan's Oil Fund CEO: Stable, long-term approach needed to spending oil revenues

22.10.2009 21:00 GMT

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News.Az interviews Shahmar Movsumov, chief executive of Azerbaijan’s State Oil Fund, SOFAZ.

Minister tells child welfare conference of progress in tackling poverty in Azerbaijan

22.10.2009 18:36 GMT

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Labour and Social Protection Minister Fizuli Alakbarov has addressed the National Conference on Child Welfare Reform in Azerbaijan.

By this October Azerbaijan’s oil stocks double up to 187,600 tons

22.10.2009 18:01 GMT

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Azerbaijan’s crude oil stock increased 2.04 fold by 1st October 2009 versus early 2009 (92,100 tons) and by 26.6% against the August index.

Fines for environmental offences approach 1.5 million dollars in Azerbaijan in year to September

22.10.2009 16:27 GMT

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Azerbaijan's Ministry of the Environment and Natural Resources recorded 2,502 breaches of environmental legislation by legal entities and individuals in January to September 2009.

Foreign minister: Azerbaijan interested in Black Sea cooperation potential for oil and gas transit

22.10.2009 16:09 GMT

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Azerbaijan's foreign minister, Elmar Mammadyarov, has made the opening speech at the Black Sea Economic Cooperation pact's Council of Foreign Ministers, which is meeting in Baku.

EBRD endorsed $120 million for Azerbaijani methanol company

22.10.2009 15:42 GMT

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The European Bank for Reconstruction and Development (EBRD) has approved new investments in the real sector of Azerbaijani economy.

Women ensured again rundown in Azerbaijan’s official jobless rate this September

22.10.2009 15:32 GMT

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As of 1st October 2009 three registered unemployed persons claimed per vacancy in Azerbaijan.

Ceiling of ‘fair’ oil price has descended

22.10.2009 14:47 GMT

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World oil prices have broken the next psychological barrier – the ceiling of “fair” price accorded by G8 of key leading industrial countries of the world (up to $75 per barrel) has decreased.

Ziyad Samedzade: “2010 on-budget expenditures will be lowered”

22.10.2009 14:20 GMT

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Ziyad Samedzade, chairman of the parliament's economic policy committee has said Azerbaijan’s government fulfilled all the socioeconomic tasks set for 2009.

Cargo transportation growth in Azerbaijan reached 2.4% for Jan-Sept 2009

22.10.2009 14:16 GMT

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This September cargo carriages in Azerbaijan by all transport means totaled 15.7 million tons.

Nabucco is ‘Confident’ of getting gas from Shah Deniz

22.10.2009 13:09 GMT

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Nabucco Gas Pipeline International GmbH, the partnership that’s planning a 7.9 billion-euro ($11 billion) pipeline to Europe, is “confident” of getting enough fuel, including gas from the Azeri Shah Deniz field.

Azeri construction company to complete three major housing estates by end of 2009

21.10.2009 21:58 GMT

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Akkord, one of Azerbaijan's major construction companies, is planning to begin construction of a new housing estate next year.

BakuBuild exhibition opens

21.10.2009 21:23 GMT

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The Caspian region's largest international construction exhibition, BakuBuild, has opened in Azerbaijan with a record number of Turkish exhibitors.

Over 1.5 m tonnes of Kazakh oil pumped through BTC pipeline to date

21.10.2009 19:29 GMT

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A total of 1.585 million tonnes of Kazakh oil have now been pumped via the Baku-Tbilisi-Ceyhan pipeline since the beginning of shipments in October 2008.

World Bank holds high-level Economic Policy Forum in Azerbaijan

21.10.2009 19:00 GMT

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Economic Policy Forum exploring the long-term economic development of Azerbaijan has been held in Baku.

Gas production falls 0.6% in Azerbaijan in year to September

21.10.2009 18:11 GMT

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Azerbajan produced 17.3 bn cubic metres of natural gas in January to September 2009.

Oil production in Azerbaijan rises 8.5% in year to September

21.10.2009 18:10 GMT

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Crude oil production by all producers in Azerbaijan exceeded 282.473 million barrels in January to September 2009, compared to 332.07 million for the whole of 2008.

Black Sea Trade & Development Bank loans some $60 million to Azerbaijan

21.10.2009 18:09 GMT

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The Black Sea Trade & Development Bank’s portfolio of current loans for Azerbaijan has reached $60 million.

Azerbaijan will soon export gas to Russia and Iran

21.10.2009 18:09 GMT

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Azerbaijan and Turkey have failed to decide a selling price for gas despite long negotiations over 18 months, SOCAR President Rovnag Abdullayev has said.

UK remains major investor in Azerbaijan

21.10.2009 18:00 GMT

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The United Kingdom has kept its position as the key foreign investor in Azerbaijan's economy in January to September 2009.

Central Bank says upsurge in gold prices positive for Azerbaijan

21.10.2009 17:45 GMT

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The Central Bank of Azerbaijan says a decline in the US currency rate has not had any significant impact on Azerbaijan.

Black Sea Trade & Development Bank makes first loan to Azer-Turk Bank

21.10.2009 17:29 GMT

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The agreement on the loan of four million US dollars was signed in Baku today.

Average monthly wage fell 0.5% in September in Azerbaijan

21.10.2009 16:51 GMT

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The average monthly wage in Azerbaijan fell 0.5% in September, compared with June to August. Wages, nevertheless, remain 10.67% higher than in December 2008.

Direct investments in Azerbaijani oil sector reached $1.68 bn for Jan-Sept 2009

21.10.2009 16:40 GMT

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For Jan-Sept 2009 investments in Azerbaijani oil sector totaled only 25.9% of all capital investments in country’s economy against 51.5% for January 2009.

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