New appointment to the management of the Petkim

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More from Economy

Azerbaijani finance ministry to put up manat bonds for auction

02.02.2017 22:20 GMT

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An auction for placement of short-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) Feb. 3, the BSE said Feb. 2.

EIB interested in Absheron field’s development

02.02.2017 21:17 GMT

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The European Investment Bank (EIB) is interested in the project to develop the large Absheron field in the Caspian Sea, said Michael Borrell, senior vice-president for Continental Europe and Central Asia at Total SA.

Azerbaijan to establish new public legal entity

02.02.2017 20:03 GMT

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President of Azerbaijan has today signed a decree on establishment of the State Inspection for Civil Aviation Flight Safety public legal entity under the State Civil Aviation Administration.

Iran's airline to connect Azerbaijan with Far East

02.02.2017 19:16 GMT

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Iranian private airline Mahan Airlines plans to launch transit flights between Azerbaijan, Iran and the Far East.

Kazakhstan revives plans for oil route through Azerbaijan

02.02.2017 17:47 GMT

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Kazakh officials have recently restarted talks on Kazakh Caspian Transportation System (KCTS), online oil and gas “Nefte Compass” magazine has learned.

Azerbaijan ranks fourth among Georgia's foreign trade partners

02.02.2017 17:42 GMT

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Georgia's trade turnover with Azerbaijan totalled $153 million in 2016.

USD rate makes up AZN 1.9111 at today’s auction

02.02.2017 15:22 GMT

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A currency auction involving SOFAZ has been held at the Central Bank.

Azerbaijan intends to regain lost positions in viticulture

02.02.2017 11:56 GMT

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Viticulture sphere in Azerbaijan has great scope and potential, Elchin Madatov, head of the Wine Exporters’ and Producers’ Association of the country, told.

US Federal Reserve keeps interest rate at 0.5-0.75% range

02.02.2017 00:07 GMT

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The US Federal Reserve decided to the target range for the federal funds rate at 0.5-0.75 percent, the Federal Open Market Committee (FOMC) announced on Wednesday, APA reports quoting sputniknews.

Azerbaijan, Iran: railways to be connected in March

01.02.2017 22:47 GMT

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“Railways between Iran and Azerbaijan will be connected in March and Iranian goods will be exported to Europe via Russia by this itinerary.”

Over 1.4 million tons of Azerbaijani oil exported from Ceyhan port in January

01.02.2017 20:49 GMT

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SOCAR exported 79 thousand 935 tons of crude oil from the Novorossiysk Port, 176 thousand 109 tons of crude oil from the Supsa Port, and 1 million 398 thousand 440 tons of crude oil from the Ceyhan Port in January, 2017.

British American Tobacco opens office in Azerbaijan

01.02.2017 19:53 GMT

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British American Tobacco has opened a representative office in Azerbaijan, Vergiler newspaper of the Azerbaijani Taxes Ministry reported Feb. 1.

Azerbaijani president signs order on composition of board of Ministry of Taxes

01.02.2017 19:25 GMT

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Azerbaijani President Ilham Aliyev has signed an order on amendments to the decree dated 29 March 2001 on the approval of the composition of the board of the Ministry of Taxes".

USD rate for tomorrow announced

01.02.2017 17:42 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for February 2.

SOCAR announces sale price of crude oil for last month

01.02.2017 16:55 GMT

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The State Oil Company of Azerbaijan has announced sale price of crude oil in the world market in January 2017.

Azerbaijani Central Bank aims to raise 150M manats at auction

01.02.2017 14:39 GMT

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The Central Bank of Azerbaijan (CBA) will hold a deposit auction on Feb. 3 to raise funds, the CBA said in a message Feb. 1.

Azerbaijan becomes second in World Economic Forum ranking

01.02.2017 14:17 GMT

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Azerbaijan took the 2nd place in the ranking of developing countries in Inclusive Development Index (IDI).

Prices for imported gasoline rise in Azerbaijan

01.02.2017 09:08 GMT

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Prices for imported Premium and Super gasoline have risen in Azerbaijan, APA reports.

Oil prices rise on weak dollar, OPEC output cuts

31.01.2017 22:12 GMT

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Oil prices rose nearly 2 percent on Tuesday after news OPEC oil production has fallen sharply this month and the dollar sank, Reuters repored.

Azerbaijan inks co-op docs with Belarus, Namibia customs bodies

31.01.2017 20:42 GMT

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Azerbaijan’s State Customs Committee signed documents with the State Customs Committee of Belarus and the Directorate of Customs and Excise of Namibia’s Finance Ministry, Trend reports.

World Bank mission to pay visit to Azerbaijan

31.01.2017 20:39 GMT

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World Bank’s (WB) next monitoring mission for “Progressive justice services and modern judicial infrastructure project” will arrive in Azerbaijan on February 1.

Azerbaijan, Indonesia mull possibilities to boost co-op

31.01.2017 19:17 GMT

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Indonesian Ambassador to Azerbaijan Husnan Bey Fananie met with Chairman of the Caucasian Muslims Office Sheikhulislam Allahshukur Pashazade, the Indonesian Embassy in Baku told Trend.

Azerbaijan to open its first trade mission in Russia

31.01.2017 14:42 GMT

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Azerbaijan's first trade mission will be opened in Russia in the near future.

USD rate makes up AZN 1.92 at today’s auction

31.01.2017 14:22 GMT

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A bilateral currency auction involving SOFAZ was held at the Central Bank.

‘Made in Azerbaijan’ brand’s promotion starts on foreign markets

31.01.2017 11:35 GMT

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Azerbaijan has started the export of goods to new markets as part of promotion of the “Made in Azerbaijan” brand on foreign markets, said Azerbaijani Economy Minister Shahin Mustafayev.

Nine Azerbaijani companies join ‘green corridor’

30.01.2017 20:44 GMT

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Nine companies in Azerbaijan joined the ‘green corridor’ for transportation of goods and vehicles by late 2016, said Aydin Aliyev, chairman of Azerbaijan’s State Customs Committee.

Azerbaijani minister talks export of agricultural products in 2016

30.01.2017 19:33 GMT

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Azerbaijan exported agricultural products in the amount of $426 million in 2016, which is by $73 million or 20.7 percent more than in 2015, Azerbaijani Minister of Agriculture Heydar Asadov said.

Azerbaijan to put 75 state properties for privatization

30.01.2017 17:27 GMT

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The auction will take place in the Auctions Center of the State Property Issues Committee of Azerbaijan.

EBRD reveals 2017 priorities in Azerbaijan

30.01.2017 12:44 GMT

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Additional efforts will be made to improve the situation in the financial sector to boost confidence in lending.

Baku hosts conference on State Program on socioeconomic development of districts

30.01.2017 10:21 GMT

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The conference dedicated to the results of the third year of implementing the “State program on socio-economic development of Azerbaijani districts in 2014-2018” has kicked off in Baku, APA reports.

Baku-Ganja flight to be restored

29.01.2017 17:03 GMT

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Flights on Baku-Ganja-Baku route will be restored from February 5 upon the request of Ganja city executive authority.

Credit ratings of Turkey and Azerbaijan equalized

28.01.2017 11:57 GMT

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So, Turkey’s rating was downgraded from investment-grade to speculative-grade.

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