AZAL becomes board member of Azerbaijan Tourism Association

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More from Economy

Azerbaijan to export gas to Iran

11.11.2009 21:01 GMT

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Azerbaijan will export gas to Iran beginning from 2010, SOCAR’s president Rovnaq Abdullayev told reporters Wednesday.

Azerbaijan and Turkey to increase trade turnover to $1.5 bn

11.11.2009 20:42 GMT

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The governments of Azerbaijan and Turkey intend to raise trade turnover to $1.5 bn in the coming years, Azerbaijan Vice Premier Abid Sharifov told reporters.

International oil investors transfered 300 mln AZN to Azerbaijan’s budget

11.11.2009 20:19 GMT

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The international oil companies of the country have sharply increased transfer of income taxes to the Azerbaijani budget in the third quarter of 2009.

Nabucco’s implementation delayed again

11.11.2009 20:13 GMT

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The implementation of the project for construction of the Nabucco gas pipeline that must supply gas to Europe bypassing Russia is again removed from the schedule.

IMF sees steep fall in remittances to Armenia

11.11.2009 18:55 GMT

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The International Monetary Fund is forecasting a 30% fall in private remittances to Armenia this year.

Azeri government conducting effective economic policy - MP

11.11.2009 17:47 GMT

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Azerbaijan's parliament, the Milli Majlis, is continuing discussion of the draft state budget for 2010.

Germany’s environment purification technology presented in Baku

11.11.2009 17:20 GMT

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A business forum on environment purification technologies from Germany has started in Baku today.

Azeri banks’ repayment of $1.5 bn of foreign liabilities did not lead to their bankruptcy

11.11.2009 16:13 GMT

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The Central Bank of Azerbaijan has claimed of local banks’ immunity to the global crisis.

Black Sea Trade and Development Bank to invest in Azerbaijan

11.11.2009 15:47 GMT

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The Black Sea Trade and Development Bank (BSTDB) is interested in financing private sector in Azerbaijan, said Heyraddin Kaplan, the bank`s chairman.

E.ON Ruhrgas interested in modernizing Azerbaijan's gas supply system

11.11.2009 15:24 GMT

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A delegation from German energy company E.ON Ruhrgas has outlined its interest in modernizing Azerbaijan's gas supply system.

30.5 million tons of Azeri oil transported via BTC in 2009

11.11.2009 15:02 GMT

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The State Oil Company of Azerbaijan Republic (SOCAR) has renewed statistical data on Azerbaijani oil export via the major pipeline Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev.

SOCAR, AIOC to transfer 1.530 bn AZN of taxes to state budget

11.11.2009 14:41 GMT

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SOCAR and the Azerbaijan International Operational Company (operator of the Azeri-Chirag-Guneshli fields development) will transfer 1.530 bn AZN to the state budget, said Finance Minister Samir Sharifov.

Azeri Central Bank sees growth in business confidence

11.11.2009 13:06 GMT

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Azerbaijan's Central Bank has reported a growth in business confidence over the past three months.

Azerbaijan's foreign debt tops $7bn

11.11.2009 13:03 GMT

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Azerbaijan's total foreign debt was $7.39 billion as of 1 October 2009, Finance Minister Samir Sharifov told.

Azeri cabinet amends rules for oil and gas industry

11.11.2009 12:56 GMT

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Azerbaijan's Cabinet of Ministers has approved legal documents on the application of a special economic regime to the export-oriented oil and gas industry.

Russia interested in getting share from second phase of Shahdeniz project

10.11.2009 21:58 GMT

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Azerbaijan increases the limit of this year’s internal debt up to AZN 2,25 bn

10.11.2009 21:35 GMT

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In the same package with the Bill on State Budget 2010 the Azerbaijani President also introduced into the country’s parliament the draft amendments to the Law on State Budget 2009.

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%).

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