Azerbaijan, Arab States of the Gulf sign three MOUs

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More from Economy

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.

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.

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.

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.

Azerbaijan Mortgage Fund got 77% of state financing for 2005-9

21.10.2009 16:17 GMT

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The Azerbaijan Mortgage Fund under the Central Bank has not received all the budget finances designed for it.

Central Bank: Azerbaijan's inflation to be 2-2.5% in 2009

21.10.2009 16:01 GMT

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The Central bank of Azerbaijan predicts "a stable and low inflation rate" for 2010.

Work over single database of Azerbaijan real estate started

21.10.2009 15:51 GMT

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Public union Baku Realtors’ Association (BRA) has launched the first stage of project of single database of Azerbaijan real estate.

Azerbaijan declines to place State Oil Fund's assets in local banks

21.10.2009 15:49 GMT

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The State Oil Fund of Azerbaijan (SOFAZ) is not considering placing the country’s currency reserves in local banks.

Switzerland confident Azeri gas will reach Europe via Turkey

21.10.2009 15:14 GMT

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Swiss President Hans-Rudolf Merz has said that Azerbaijan could become an energy supplier to his country.

Caspian Oil & Gas Exchange to be officially launched in Baku on 26 October

21.10.2009 14:33 GMT

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The Caspian Oil & Gas Exchange will be an electronic trading area for the oil and gas sector.

In January to September 2009 Azerbaijan commissions 837,500 sq m of living space with drop by 17.2%

21.10.2009 13:19 GMT

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In September, housing commissioning rate of Azerbaijan increased considerably.

Rasim Musabeyov: Our plans of transporting gas to Europe are hampered by Turkey’s willingness to earn more from the transit

20.10.2009 21:40 GMT

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"Turkey does not take part in the “Southern stream” project. Ankara only agreed on Moscow’s laying a gas pipeline via the Black Sea shelf that is a part of its 200 miles economic area.

Azerbaijan ready to refuse from gas export through Turkey

20.10.2009 21:11 GMT

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Azerbaijan is trying to end the deadlock in which negotiations about gas transit through Turkey and supplies to this country are now.

Income of Azerbaijani tourist sector amount to AZN 8 million

20.10.2009 21:00 GMT

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Over the first six months of 2009, profits of Azerbaijani tourist sector increased by 1% as compared to relevant period of 2008.

International exhibition BakuBuild starts in Azerbaijan

20.10.2009 20:30 GMT

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Tomorrow, the largest 15th (jubilee) International Construction Exhibition of the Caspian region BakuBuild and 7th International Furniture, Interior and Design Exhibition will be launched in Baku.

Mortgages in amount of AZN 46.5 million granted in Azerbaijan

20.10.2009 20:12 GMT

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In Azerbaijan mortgage portfolio increases within the frames of loaning through the Azerbaijani Mortgage Fund (AMF) at the Central Bank of Azerbaijan (CBA).

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