British Airways plane that made emergency landing in Baku ready for take-off

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More from Economy

Almost half of Azerbaijani population do not use any financial services

07.01.2010 21:12 GMT

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The Azerbaijan Microfinance Association (AMFA) carried out poll among the country’s population to determine citizens’ financial literacy.

Number of plastic card deals in Azerbaijan rises in 2009

07.01.2010 18:12 GMT

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Last year quantity of Azerbaijan’s deals with plastic cards topped previous year’s index.

Association of Credit Unions of Azerbaijan forms Anti-Loss Fund

07.01.2010 18:09 GMT

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The Azerbaijan Credit Union Association (ACUA) has formed Anti-Loss Fund at the level of $160,000 (AZN 130,781).

SOCAR exported over 29.865 mln tons of oil in 2009

07.01.2010 16:46 GMT

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For 2009 the State Oil Company of Azerbaijan (SOCAR) exported 29.865 million tons of oil via various routes.

Number of ATMs and POS-terminals grows in Azerbaijan

07.01.2010 16:31 GMT

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Azerbaijan accounted for about 1673 ATM as of 1 December 2009.

Oil export by Baku-Supsa pipeline raised

07.01.2010 16:07 GMT

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The State Oil Company of Azerbaijan has declared volumes of oil export by the western route.

Only 20.8% of Azerbaijanis records monthly income and expenses

07.01.2010 16:03 GMT

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The Azerbaijan Microfinancing Association (AMFA) has organized a poll among the country’s population to define financial literacy of citizens.

AZN 2.5 bn to be allocated for infrastructural projects in Azerbaijan

07.01.2010 15:40 GMT

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AZN 2.5 bn to be allocated for infrastructural projects in Azerbaijan.

SOCAR reduced drilling works in 2009

07.01.2010 15:28 GMT

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In December 2009, the SOCAR increased drilling by 0.2% versus November when it grew by 15% against October of the same year.

SOCAR raises oil export by BTC pipeline in 2009

07.01.2010 14:54 GMT

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The State Oil Company of Azerbaijan continues exporting oil by the main export pipeline Baku-Tbilisi-Ceyhan named after Heydar Aliyev.

SOCAR's transfers to Azerbaijan's state budget top AZN 1.4 bn in 2009

07.01.2010 13:22 GMT

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In December 2009 the State Oil Company of Azerbaijan transferred AZN 532, 562,000 to the state budget of the country.

Azerbaijan to increase number of wind power stations

07.01.2010 13:21 GMT

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The number of wind power stations will increase in Azerbaijan, according to sources in Azerenerji stock company.

SOCAR & Turcas Refining to ready its refinery project

07.01.2010 13:14 GMT

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The refinery is expected to process around 10 million tons of crude oil annually.

SOCAR refined over 6 mln tons of oil in 2009

06.01.2010 19:22 GMT

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In December of 2009 the State Oil Company of Azerbaijan refined 528,430 tons of oil against 476,000 tons in November.

Electronic tax invoices applied in Azerbaijan

06.01.2010 18:32 GMT

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Works to prepare the system of application of electronic tax invoices have completed in Azerbaijan.

Azerbaijan defines routes of its energy sources supplies, expert

06.01.2010 17:52 GMT

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Azerbaijan has already defined routes of its energy sources supplies.

Azerbaijan’s economy is 96th freest in the 2009 Index of Economic Freedom

06.01.2010 16:15 GMT

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Azerbaijan’s economic freedom score is 58.8 in the 2009 Index of Economic Freedom published by The Wall Street Journal and The Heritage Foundation.

Azerbaijani banking assets reached phenomenal level

06.01.2010 15:41 GMT

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Central Bank of Azerbaijan has announced new record level of domestic commercial banks’ assets - $13.905 bn.

Azerbaijani banks raise economic financing

06.01.2010 15:39 GMT

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As of 1 December 2009 the Azerbaijani banks allocated loans at AZN 7,887,500,000.

Central Bank posts growth in individual deposits in Azerbaijani banks

06.01.2010 15:19 GMT

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As of 1 December 2009 the volume of individual deposits in the Azerbaijani banks made AZN 2,251,700,000.

Prices for Azerbaijani oil products dropped in 2009

06.01.2010 15:12 GMT

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SOCAR registered decrease of price for all petroleum products exported in December 2009.

Capital of Azerbaijani banks grows by AZN 233.5 mln

06.01.2010 15:07 GMT

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On 1 December 2009 the overall capital of the banking system of Azerbaijan made AZN 1,725,200,000.

Growth in Azerbaijan's banking assets recorded

06.01.2010 15:01 GMT

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As of 1 December 2009 the overall assets of the banking sector of Azerbaijan made AZN 11,159,000,000.

New trade union organizations created in foreign companies in Azerbaijan

06.01.2010 14:20 GMT

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Trade unions are turning into an organized power protecting social interests of the citizens in Azerbaijan, Sattar Mehbaliyev.

Baku stock exchange's turnover tops AZN 3.3 bn in 2009

06.01.2010 14:11 GMT

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The overall turnover of exchange transactions on all tools at the Baku stock exchange made AZN 3,323,315 in January-December 2009.

Some 4000 Azerbaijani families receive mortgage loans

06.01.2010 14:08 GMT

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The Azerbaijani mortgage fund functioning under the Central Bank of Azerbaijan records intensifying process of mortgage loans issuance to citizens.

State Oil Company of Azerbaijan boosts aircraft fuel exports

06.01.2010 13:07 GMT

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SOCAR said in total 227 184 tonnes of gasoline, 1 434 962 tonnes of diesel fuel, and 271 727 tonnes of aircraft fuel were exported during 2009.

Oil export by Baku-Novorossiysk doubled

05.01.2010 21:56 GMT

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SOCAR has doubled its oil export by the Baku-Novorossiysk pipeline for 2009.

Azerbaijan - Georgian commission on economic cooperation to hold meeting

05.01.2010 19:41 GMT

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Georgia offers to hold meeting of Azerbaijan-Georgian Commission in February.

Azerbaijan plans to produce some 1,5 thousand tractors

05.01.2010 19:40 GMT

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The Ganja Automobile Plant plans to produce about 1.5 thousand tractors in 2010, according to sources in the plant.

Azerbaijan exports 70% of canned fruits and vegetables

05.01.2010 18:54 GMT

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Azerbaijan fully meets the domestic needs in canned fruits and vegetables and exports 70% of production to CIS countries and Europe.

Azerbaijan’s Central Bank to take measures for banks consolidation

05.01.2010 16:04 GMT

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Azerbaijani Central Bank intends to strengthen measures to preserve financial stability in 2010.

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