European Investment Bank pledges 1 billion euros for TANAP
The European Investment Bank (EIB) has pledged one billion euros in a loan for the construction of Trans-Anatolian gas pipeline project (TANAP). EIB Vice-President Pim van Ballekom said their aim was to support the project through Botas company. He said the World Bank ...
Andrey Pivovarsky: New Silk Road to start functioning on regular basis in March

Andrey Pivovarsky: New Silk Road to start functioning on regular basis in March

05.02.2016 [19:01]
A freight train on Ukraine-Georgia-Azerbaijan-Kazakhstan-China route will start running on a regular basis in March 2016, Ukrainian Minister of Infrastructure Andrey Pivovarsky was quoted by Ukrinform as saying. ...
YanAir to operate Ganja-Kiev flight

YanAir to operate Ganja-Kiev flight

05.02.2016 [17:49]
Ukraine's YanAir airlines plans to start Kiev-Ganja-Kiev flights from March 1, 2016, AZERTAC reports quoting the Ukrainian media. The flight will be operated four times a week, terminating on October 24, 2019. ...
AccessBank partners with ADB on Institutional Development

AccessBank partners with ADB on Institutional Development

05.02.2016 [17:42]
AccessBank signed a framework agreement with Asian Development Bank (ADB), which supports the bank in institutional development and capacity building until the end of 2018. Within the framework of this cooperation, ADB will provide technical assistance to AccessBank ...
Azerbaijan is a transport bridge connecting Europe with Asia

Azerbaijan is a transport bridge connecting Europe with Asia

05.02.2016 [16:35]
Azerbaijan, which plays the role of a bridge between Europe and Asia, has huge transit opportunities. The fact that routes from the East to the West and from the North to the South pass through Azerbaijan, makes the country an important logistics hub and a junction of ...
Azerbaijani companies invited to IFE China exhibition

Azerbaijani companies invited to IFE China exhibition

05.02.2016 [13:31]
The 16th China International Food Exhibition and Guangzhou Import Food Exhibition 2016 (IFE2016) will be held on June 29, 2016. According to Azerbaijan export and import foundation, Azerbaijani companies and businessmen are invited to attend the exhibition ...
SOCAR, Maire Tecnimont sign contract to build polyethylene plant

SOCAR, Maire Tecnimont sign contract to build polyethylene plant

05.02.2016 [13:28]
The State Oil Company of Azerbaijan (SOCAR) and Italian Maire Tecnimont have signed a contract on the construction of a polyethylene plant. The document was signed by SOCAR President Rovnag Abdullayev and Maire Tecnimont ...
2.8 million tons of oil delivered from Ceyhan Port to world market in January 2016

2.8 million tons of oil delivered from Ceyhan Port to world market in January 2016

05.02.2016 [11:42]
2 million 848 thousand 91 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in January 2016. According to the press service of SOCAR, 1 million 510 thousand 914 tons of this volume was the oil of the State Oil Fund of Azerbaijan Republic ...
Oil price on world markets

Oil price on world markets

05.02.2016 [11:07]
The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.11 to stand at $31.72. Price of the Brent crude oil at the London ICE ...
BP to do seismic research in shallow waters of Absheron Peninsula

BP to do seismic research in shallow waters of Absheron Peninsula

05.02.2016 [10:43]
BP Azerbaijan will start three-dimensional seismic studies on the potentially prospective structures located in the shallow waters of the country’s Absheron Peninsula from March 1, BP Azerbaijan said. It was stated at the public hearings on the Environmental Impact Assessment (EIA) report, which took ...
Azerbaijan, Georgia discuss gas supply problems

Azerbaijan, Georgia discuss gas supply problems

04.02.2016 [22:00]
President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has today met with Georgian Deputy Premier, Minister of Energy Kakha Kaladze to discuss how to solve problems related to the supply of Azerbaijani gas to Georgia. According to SOCAR, they discussed bilateral ...
Ambassador Bouchez: French companies may make new investments in Azerbaijan

Ambassador Bouchez: French companies may make new investments in Azerbaijan

04.02.2016 [21:05]
Ambassador Aurelia Bouchez has said French companies may make new investments in Azerbaijan as she visited the country`s Quba district. She noted that French firms are interested in increasing the size of investments in the country. ...
Azerbaijan`s Minister of Economy meets Swiss Ambassador

Azerbaijan`s Minister of Economy meets Swiss Ambassador

04.02.2016 [18:48]
Azerbaijan`s Minister of Economy Shahin Mustafayev has met Ambassador of Swiss Confederation to the country Philipp Stalder. The Minister highlighted the fruitful activity of the Azerbaijani-Swiss Joint Commission on economic and trade cooperation, saying this played an important role in boosting ties between the two countries ...
Turkish Airlines cancels 39 flights due to stormy weather conditions

Turkish Airlines cancels 39 flights due to stormy weather conditions

04.02.2016 [16:07]
Turkish Airlines has announced it canceled 39 flights due to stormy weather forecasts in Istanbul on February 4. Istanbul-Baku-Istanbul flight is among those cancelled by the Turkish carrier ...
Astana to host International Conference Tank Farms and Oil Terminals of Caspian Region

Astana to host International Conference Tank Farms and Oil Terminals of Caspian Region

04.02.2016 [13:00]
The 2nd International Conference Tank Farms and Oil Terminals of Caspian Region will take place in Astana, Kazakhstan on 16-17th May 2016. AZERTAC is a media partner of the conference. More than 150 delegates will represent leading oil transportation and storage companies, national operators, regulators, experts and ...
Oil price on world markets

Oil price on world markets

04.02.2016 [11:23]
The price of oil rose on the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil increased $2.17 to stand at $31.83. Price of the Brent crude oil at ...
IMF staff team concludes Azerbaijan visit

IMF staff team concludes Azerbaijan visit

03.02.2016 [22:35]
A staff team from the International Monetary Fund (IMF) led by Mohammed El Qorchi visited Baku from January 28-February 3, 2016, on a fact-finding mission to discuss areas of technical assistance cooperation. At the conclusion of the visit, Mr. El Qorchi made a following statement. “Azerbaijan’s economy ...
Azerbaijan`s Minister of Energy meets Greek FM

Azerbaijan`s Minister of Energy meets Greek FM

03.02.2016 [20:46]
Azerbaijan`s Minister of Energy Natig Aliyev has met Minister of Foreign Affairs of Greece Nikos Kotzias. Mr. Aliyev highlighted successfully developing economic relations between Azerbaijan and Greece, saying friendship and mutual respect ...

Financial Market Control Chamber set up in Azerbaijan

03.02.2016 [19:15]
President of Azerbaijan Ilham Aliyev has signed a decree establishing Financial Market Control Chamber public legal entity. Under the presidential decree, the Chamber is empowered to regulate, license and control the securities market, investment funds ...