Over AZN 5 mln allocated for road construction in Azerbaijan’s Aghsu

W1siziisijiwmtcvmdgvmtcvmtkvmtcvmjcvntg4otg2ndetngnkny00otc1lweyodatmdvkndu0ogjjzdrjlzc2ogzjztm0mze4zmm2nje0zdg0odexyje4ndnlzdgylmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=f1a4648184517ca6 W1siziisijiwmtcvmdgvmtcvmtkvmtyvmdavywfimmrkntetmzm4ni00yzhhlwi4zjmtymuwodcxm2m0mtk5l3noywhkzw5pel8yxza0mdcxn18wmy5qcgcixsxbinailcj0ahvtyiisijm1mhgynzajil1d?sha=22e6883486a9ccc9 W1siziisijiwmtcvmdgvmtcvmtuvmzevmtivytq1ote4m2ityjqzzs00yzlhltk5ntitnmezzgjlmdlhzjkzl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=39c3d0ed2cd85eda W1siziisijiwmtcvmdgvmtcvmtuvmjuvmzkvnme3njnjytktodk3yi00njq4lwezytgtmju3ntc3ndk1mgm5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=0b1817f23e682591 W1siziisijiwmtcvmdgvmtcvmtqvndevmjcvywfkyzrhztutyje0nc00mjjjlwfiy2etmjfhzte3zjviytdhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=20be153df666592b

More from Economy

Azar Aliyev heads board of directors of Association of Insurance Companies of Azerbaijan

16.10.2009 20:13 GMT

W1siziisijiwmtuvmtavmtgvmdivmzmvmjqvytzhzjdjzmetzwflms00odlmltg4ytgtytk4odq0mwnhnzhklzqwmi5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=d3cf91f41e7719f3
A regular general session of members of the Association of Insurance Companies of Azerbaijan (ASA) took place today.

Azerbaijani Railways raise $ 215 million from Czech Export-Import Bank

16.10.2009 19:39 GMT

W1siziisijiwmtuvmtavmtgvmdivmzmvmtyvnwq3zgeymdqtmtvkny00zje3lwjjodytmjdjyzmyzgnlnjrilzm5nc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=058287d6ae16e22d
Azerbaijani Railways (ADY) prepares for attracting next foreign loan.

AzSigorta gets new CEO

16.10.2009 19:05 GMT

W1siziisijiwmtuvmtavmtgvmdivmzmvmdkvymm0owuzotitmdgwys00njkylthjnjetmzvimziynddjogi5lzm4ni5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=9aef82c508ce867d
A staff reshuffle has taken place at Azerbaijani insurance company AzSigorta following a general meeting of shareholders.

Consumer protection service dishes out fines of over $1 million since May

16.10.2009 18:45 GMT

W1siziisijiwmtuvmtavmtgvmdivmzmvmdcvnmq3y2jjzgqtyzyxzc00mza1ltgwntutn2flmju3mjezy2u4lzm4nc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=1ed4e6c83b3bd491
Azerbaijan's State Service for Supervision of the Consumer Market has reported on its work since tough new sanctions came into force on 17 May 2009.

IBA-Moscow ready to cut loan rate

16.10.2009 18:07 GMT

W1siziisijiwmtuvmtavmtgvmdivmzmvmdyvnmjjywq4ntitztk3yi00zdvllwfjodgtyjgzztbimmzkndiwlzm4mi5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=80fc151d25f6c476
IBA-Moscow LLC, the International Bank of Azerbaijan's subsidiary in Russia, has said that is ready to cut loan rates from 2010.

Azerbaijan's Central Bank gets tough on credit unions

16.10.2009 18:05 GMT

W1siziisijiwmtuvmtavmtgvmdivmzmvmdevmjhjnmjhnmitytg2my00ztkxlwe4ndatyjjlntviyje5yji1lzm3ny5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=8ad9422371aa37ce
The Central Bank of Azerbaijan has withdrawn banking licences from four domestic credit unions.

Azerbaijan to reduce state investments by 24.8% in 2010

16.10.2009 16:42 GMT

W1siziisijiwmtuvmtavmtgvmdivmzivntevzwyymdk2odmtzjg5zi00nwm3lwflzdatowqyzdjhmjfhmtm3lzm2ns5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=e34c37e67f4eb0b8
The Bill on Azerbaijan State Budget 2010 introduced into country’s parliament (Milli Majlis) has been published.

Private sector to take on certification function in Azerbaijan

16.10.2009 14:09 GMT

W1siziisijiwmtuvmtavmtgvmdivmzivmzmvzwnknjvhoditmtjjmc00ndkzlwfhyjgtyza1ndrlmgfizje0lzm0ns5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=783e294df6ee07d7
Ramiz Hasanov, chairman of Azerbaijan's State Committee for Standardization, Metrology and Patents, has said that certification functions are gradually being transferred to the private sector.

Azerbaijan exports 5,000 ounces of gold expecting export of 40,000 ounces till end of year

15.10.2009 21:14 GMT

W1siziisijiwmtuvmtavmtgvmdivmzivmduvyje0zdixowmtoty4oc00mjbkltk5yjmtmzc5mgm1ntk5yzc0lzmxmy5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=641fe2e32a9073cf
Azerbaijan continues increasing volumes of gold export.

State Oil Fund of Azerbaijan supports governmental prognosis of oil prices

15.10.2009 20:47 GMT

W1siziisijiwmtuvmtavmtgvmdivmzevntivoguwzjfkzmqtmjjimy00ntgzltk0yzatnwiyyzy3mjg0n2e1lzi5oc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=ac2f91ad02f32b5e
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) supports conservative approach to forecasting of export oil price upon drawing up budget of the country for 2010.

Azeri Central Bank again urged to join CIS Intergovernmental Bank

15.10.2009 20:29 GMT

W1siziisijiwmtuvmtavmtgvmdivmzevndkvy2u5zmezowytzjexns00ywq1ltlmngqtnzgyytdlmwizogzmlzi5nc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=db2ae556c5982b9f
The second International Banking Conference of the Commonwealth of Independent States (CIS) has finished in Baku with a resolution calling on Azerbaijan's Central Bank to join the Intergovernmental Bank.

Azerbaijan and Cuba prepare signing of 10 papers on cooperation in various fields

15.10.2009 18:51 GMT

W1siziisijiwmtuvmtavmtgvmdivmzevmjevmzy5mtziotmtyzrlny00yti5lwiyymmtmtnmmdm4n2y5mzdklzi2my5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=fa2f8cc61988b116
Azerbaijan and Cuba started active expansion of mutual cooperation, having multilateral direction.

Extractive companies in Azerbaijan ready to sign a coordinated document

15.10.2009 18:28 GMT

W1siziisijiwmtuvmtavmtgvmdivmzevmtcvmzgwm2y3nzgtogflzs00mmm2ltg1mzgtngzlywmxodyxywrllzi1oc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=e046435c6a231124
Azerbaijan expects soon signing of a coordinating document on EITI (Extractive Industries Transparency Initiative).

Fitch rates Azeri State Oil Company BB+ with outlook Stable

15.10.2009 16:49 GMT

W1siziisijiwmtuvmtavmtgvmdivmzevmdavztrjmdm3zdytytm0ny00ogflltgwmgitntjkmznloda5m2i1lzizoc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=3a97230196cda9b6
Fitch Ratings on Wednesday awarded SOCAR (the State Oil Company of Azerbaijan)a long-term Issuer Default Rating of BB+ and a short-term Issuer Default Rating of B. The outlook for the long-term Issuer Default Rating is Stable, Fitch Ratings said.

Azerbaijan's anti-crisis "safety cushion" to exceed $20 bn by end of 2009

15.10.2009 16:19 GMT

W1siziisijiwmtuvmtavmtgvmdivmzavntmvmzdln2qyntitmwq2mc00nje4lwi0ywitzdizzteymgfjztdmlziyos5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=73a586ce5beb353a
The Central Bank of Azerbaijan has said that the country has adequate reserves to protect it against the financial crisis.

BP promises to increase Shah Deniz gas production, dropped to 17 million cu m, up to 22 million cu m

15.10.2009 16:01 GMT

W1siziisijiwmtuvmtavmtgvmdivmzavndgvmmrizmy1mmitogqwmi00njhiltkxnzetzjewndnmodeyn2fllziymy5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=8f45650fd9a001d3
Daily gas production at Shah Deniz field (Azerbaijan sector of the Caspian Sea) being developed by the partnership headed by BP declined much because of stoppage of producing well #3.

Agreement on Azeri gas supplies to Russia can cover Shah Deniz gas as well

15.10.2009 14:55 GMT

W1siziisijiwmtuvmtavmtgvmdivmzavndavzde0ywuwntutymy3zs00ndiwlthkytetmzy5zwi3ndbkzwyxlzixmy5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=65d4c205cf2aedab
The State Oil Company of Azerbaijan (SOCAR) does not rule out that the agreement on Azeri gas export to Russia in 2010-15 signed in Baku yesterday between SOCAR’s president Rovnag Abdullayev and Gaszprom’s chairman of board Alexey Miller can also spread on the gas produced by country’s other gas operators.

SOCAR and Gazprom signed an agreement on Azeri gas supplies to Russia for 2010-15

15.10.2009 14:47 GMT

W1siziisijiwmtuvmtavmtgvmdivmzavmzgvnjiynjy4ngytmtkwyy00yzg2ltg0otitndfimdy4otviytrklzixms5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=99c825498e9eeff8
State Oil Company of Azerbaijan’s president Rovnag Abdullayev and Russian gas monopoly Gaszprom’s chairman of board Alexey Miller signed an agreement on Azeri gas export to Russia in period of 2010-15.

Tourism complex Shahdagh in Azerbaijan to be repaid in 7-10 years

15.10.2009 14:32 GMT

W1siziisijiwmtuvmtavmtgvmdivmzavmzavymm5zdrmn2etngqzmc00zme4lwixzmutymfmmtg0ndy1nju3lziwms5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=4089878784afe833
Abulfaz Garayev, Azerbaijan’s culture & tourism minister, says that investments in this project mean development of the whole region as 5,000 jobs will be created only for service of the future tourism town.

Azeri banks raise $600 million abroad in first three quarters of 2009

15.10.2009 14:14 GMT

W1siziisijiwmtuvmtavmtgvmdivmjkvmzyvnmnhm2iymtatntzjzc00zgyxltk1ntetowrmntcwnddimmu3lze1ns5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=37b7461674c7003a
The Central Bank of Azerbaijan has reported an increasingly positive trend in raising external finance on the part of the country’s commercial banks.

“Shusha” tanker is ready to sail - PHOTOS

15.10.2009 02:00 GMT

W1siziisijiwmtuvmtavmtgvmdivmjkvmjivztvimda4zjgtotzins00njljlwewymutmjvizjq3ywniodrilzezny5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=92c22e5f33d13323
Ilham Aliyev at the commissioning ceremony for the “Shusha” tanker at the Baku Yacht Club.

EBRD lends €120 million to cement producer in Azerbaijan

14.10.2009 17:15 GMT

W1siziisijiwmtuvmtavmtgvmdivmjgvmzqvyjhlmzgynzmtzme4ns00mdizltg3ntetztiyogm2ntu2yjnllzg0lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=fbfe8c62a4fb931d
The EBRD is promoting further diversification of the Azeri economy through the largest foreign direct investment in Azerbaijan outside the oil and gas sector to date.

International Banking Conference starts in Azerbaijan

14.10.2009 16:49 GMT

W1siziisijiwmtuvmtavmtgvmdivmjgvmjkvmjq0nji0ndktmmyyyy00njczlwi2zjytotrlzmqwnjixnju3lzc4lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=88e2a0f39d9c0c7f
Baku is hosting the 2nd International Banking Conference on "Improving the Stability of Financial and Banking Systems in the CIS Member States”.

HP will continue investing in Azerbaijan

14.10.2009 16:44 GMT

W1siziisijiwmtuvmtavmtgvmdivmjgvmjcvzte5ztrjmwitnje5yy00odixltgwytutnzzkmme1mjbimwrklzc2lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=13b6e2d50f080c3e
The HP corporation has long-term plans in the Asiatic region, including in Azerbaijan.

First Islamic leasing company opens in Azerbaijan

13.10.2009 21:06 GMT

W1siziisijiwmtuvmtavmtgvmdivmjgvmtqvzmqyyjjmzgutzjqzms00otfilthmmtqtyjlkmtg0odu3nzzilzyxlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=fe0763c6c410014c
Leasing company Ansar Leasing, which has announced on start of activity, the founder of which is the Islamic Corporation for the Development of the Private Sector (ICD), completes consideration of primary package of claims on financing.

Top Read Articles

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook