OPEC Secretary General thanks Azerbaijan

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More from Economy

Oil hovers over $80

20.10.2009 14:55 GMT

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Oil rose to a one-year high above $80 a barrel in New York as the dollar slipped to a 14-month low against the euro, increasing commodities’ appeal as an alternative investment, Bloomberg reported.

Azerbaijan Central Bank: local banks’ ROE and ROA are 20% and 30% respectively

20.10.2009 14:44 GMT

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The Central Bank of Azerbaijan has reported of high profitability of domestic banks despite the global economic crisis.

Industrial production in Azerbaijan rose by 5% for Jan-Sept 2009

20.10.2009 14:32 GMT

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High growth rate in industrial production kept in Azerbaijan this September. Its decline in January of the year was 5.1%.

Unibank possesses excess liquidity in amount of AZN 50-60 million

20.10.2009 13:27 GMT

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One of Azerbaijani key credit institutions Unibank overcame financial difficulties by assistance of the Central Bank of Azerbaijan (CBA).

Charter capital of Caspian International Investment Company has grown 7-fold

19.10.2009 21:36 GMT

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Azerbaijan Investment Company (AIC) and Islamic Corporation of Development (ICD) increased charter capital of Caspian International Investment Company (CIIC) that established by them.

In 2010 EBRD expects 7.1% rise of real GDP in Azerbaijan

19.10.2009 21:28 GMT

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In 2010 Azerbaijan is going to remain in ranks of leaders on economic growth rate in the region of EBRD operations in accordance with forecast of the latter.

Azerbaijan reinvigorates non-Shah Deniz gas exports

19.10.2009 21:05 GMT

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Azerbaijan exported 13.815 million cubic metres of natural gas at $2.514 million in September, excluding exports from the Shah Deniz field. No gas was exported in August.

In January to September cargo transit through Azerbaijan reduces by 1.8%

19.10.2009 20:47 GMT

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In January to September, 2009, cargo transit through Azerbaijan totaled 4.796 million tons versus 6.595 million tons over 2008 and 5.99 million tons over 2007.

Individuals' deposit to be freed from taxes in Azerbaijan

19.10.2009 20:31 GMT

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World Bank managing director to begin Azerbaijan visit tomorrow

19.10.2009 19:27 GMT

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World Bank Managing Director Ngozi Okonjo-Iweala will arrive in Baku on 20 October as part of her regional tour, the World Bank’s office in Baku has reported.

Khalq Sigorta keeps leading position at Azerbaijani insurance market third month at a run

19.10.2009 19:17 GMT

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This September Top 5 of the Azerbaijani insurance market leaders observed some changes on activity indicators.

Azerbaijani citizens imported for themselves consumer goods for $163.6 million for Jan-Sept 2009

19.10.2009 19:03 GMT

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In September Azerbaijani citizens reduced increased of goods for personal use.

Azerbaijan exports over $1bn worth of oil products to end September 2009

19.10.2009 15:44 GMT

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Azerbaijan exported oil products worth $1.164 bn in January to September 2009.

Ilham Aliyev's remarks give everyone concerned food for thought - Azeri commentator

19.10.2009 15:32 GMT

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News.Az interviews Sabit Bagirov, a political scientist and former president of the State Oil Company of Azerbaijan.

138 million tons of cargo transported in Azerbaijan, Jan-Sep

19.10.2009 14:19 GMT

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138 million tons of cargo was transported in Azerbaijan during January-September, Minister of Transport Ziya Mammadov reported.

In August SOCAR reduces total oil production by 2.6% and own production by 3%

19.10.2009 14:12 GMT

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In September, 2009, the State Oil Company of Azerbaijan (SOCAR) reduced total oil production by 2.6% as compared to August, 2009, with increase of its own production by 3% by the SOCAR oil and gas divisions (NGDUs).

In January to September 2009 Azerbaijan imports 47,879 cars in amount of $339.7 million with import decline of 41.8%

19.10.2009 13:33 GMT

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In January to September 2009 Azerbaijan imported 47,879 automobiles to the sum of $339.707 million with average cost of a car at $7,095.

Natural gas charge level makes up 67.2%, increases by 1.1% in Azerbaijan

19.10.2009 13:30 GMT

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Transfer of Azerbaijani state gas monopoly (former Azerigaz CJSC) to the State Oil Company of Azerbaijan (SOCAR), for the time being, resulted in some increase of charge for gas consumed by the population.

Retirement age will increase in Azerbaijan

18.10.2009 14:40 GMT

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The Azerbaijani Parliamentary Committee for Social Policy recommended to discuss the bill on amendments into the law On Labor Pension at the plenary meeting on Saturday.

Azerbaijan’s strategic currency reserves up $1 billion in January-September

17.10.2009 16:52 GMT

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Azerbaijan’s strategic currency reserves grew by $1 billion during January-September to $19.1 billion, said the country’s minister of economic development.

Azerbaijan pumps over 4 billion cubic metres of gas through South Caucasus pipeline

17.10.2009 16:00 GMT

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4.267 bln. cu. m. of gas was exported via South Caucasus Pipeline.

Ilham Aliyev: Azerbaijan is one of the countries least affected by the world crisis

17.10.2009 15:39 GMT

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The Azerbaijani president spoke about the economy at a meeting of the Cabinet of Ministers on Friday, News.Az reports. He highlighted a 6.1% growth in GDP to the end of the third quarter and a record grain harvest of 3 million tonnes.

SOCAR increases in succession gas export

17.10.2009 14:00 GMT

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SOCAR increased volumes of gas export from the country by 16.84%as compared to August.

Crisis did not have impact on Azel’s turnover

17.10.2009 13:50 GMT

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Azerbaijani company Azel (Azerbaycan Elektronikasi) has raised lately new clients in both corporate and private sectors.

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

16.10.2009 20:13 GMT

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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

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Azerbaijani Railways (ADY) prepares for attracting next foreign loan.

AzSigorta gets new CEO

16.10.2009 19:05 GMT

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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

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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

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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

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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

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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

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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.

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