Azerbaijan joins international tourism exhibition in Italy
An Azerbaijani delegation is participating in the International Travel Fair in Milano, Italy. The Fair known as Bit (Borsa Internazionale del Turismo) is an event that brings together trade operators from all over the world, a large ...
Azerbaijan, Hungary discuss cooperation in agricultural field

Azerbaijan, Hungary discuss cooperation in agricultural field

11.02.2016 [19:38]
Azerbaijan`s Minister of Agriculture Heydar Asadov has met Deputy State Secretary of the Hungarian Ministry of Foreign Affairs Jolt Chutora. They discussed cooperation opportunities between Azerbaijan State Agrarian University, and University of Kaposvar of Hungary ...
Working Group on Baku-Tbilisi-Kars railway meets in Tbilisi

Working Group on Baku-Tbilisi-Kars railway meets in Tbilisi

11.02.2016 [19:27]
The Georgian capital of Tbilisi has hosted a meeting of the Working Group of the trilateral Coordination Council on Baku-Tbilisi-Kars railway project. The meeting discussed progress of construction of the railway, current problems, railway ...
SOCAR signs agreement on oil refinery reconstruction

SOCAR signs agreement on oil refinery reconstruction

11.02.2016 [18:25]
SOCAR and KT-Kinetics Technology S.p.A of Italy signed an agreement on reconstruction of Heydar Aliyev Baku Oil Refinery. SOCAR President Rovnag Abdullayev, Chairman of KT-Kinetics Technology S.p.A and Vice President of Maire Technimont Group Gianni ...
Bakcell’s network recognized as Best Mobile Network of 2015

Bakcell’s network recognized as Best Mobile Network of 2015

11.02.2016 [18:21]
Bakcell has been recognized as the provider of “The Best Mobile Network” in 2015. Bakcell has received the Azeri Business Award, the National Prize established by the Business Time Magazine. According to the results of independent network quality benchmarking surveys of the mobile operators’ ...
Second freight train to arrive from Ukraine in Azerbaijan today

Second freight train to arrive from Ukraine in Azerbaijan today

11.02.2016 [16:06]
The second freight train will arrive from Ukraine in Azerbaijan today, spokesman for the Azerbaijan Railways Nadir Azmammadov said. According to him, the train, which departed from Ilichivsk on February 8 and arrived in Georgia on February 10, is now approaching ...
Oil price on world markets

Oil price on world markets

11.02.2016 [15:39]
The price of oil continue falling on the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil decreased $1.55 to stand at $26.98. Price of the Brent crude oil at ...
London hosts meeting of Azerbaijan-UK Intergovernmental Commission working group

London hosts meeting of Azerbaijan-UK Intergovernmental Commission working group

11.02.2016 [14:40]
A meeting of the joint working groups of Trade and Investment, Financial and Professional Services which operate within the framework of the Joint Intergovernmental Commission on Economic Cooperation between the Government of the Republic of Azerbaijan and the ...
Over 4,600 young entrepreneurs received AZN 308 m in low-interest loans so far in Azerbaijan

Over 4,600 young entrepreneurs received AZN 308 m in low-interest loans so far in Azerbaijan

11.02.2016 [12:47]
The National Fund for Entrepreneurship Support under Azerbaijan`s Ministry of Economy has granted a total of AZN 307.9 million in low-interest loans to more than 4,600 young entrepreneurs so far in the country, Sahib Mammadov, deputy Minister of Economy told ...
Heads of Azerbaijani, Georgian and Turkish railways to gather in Tbilisi

Heads of Azerbaijani, Georgian and Turkish railways to gather in Tbilisi

10.02.2016 [18:35]
The next meeting of heads of Azerbaijani, Georgian and Turkish railways will be held in Tbilisi on February 12, Georgian minister of economy and sustainable development Dimitry Kumsishvili told AZERTAC`s special correspondent. ...
OPEC sees steeper drop in rivals' supply as price curbs spending

OPEC sees steeper drop in rivals' supply as price curbs spending

10.02.2016 [18:24]
OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated, according to Bloomberg. Production outside the Organization of Petroleum Exporting Countries will fall by 700,000 barrels a day in 2016, or 40,000 a day more than ...
EIA slides oil price forecast lower

EIA slides oil price forecast lower

10.02.2016 [15:26]
The U.S. Energy Information Administration (EIA) lowered its forecast on oil prices in a new forecast. The government agency expects WTI prices to average $37.59/bbl this year vs. $38.54/bbl prior forecast. The EIA sees Brent crude ...
Oil demand growth set to ‘ease back considerably’: IEA

Oil demand growth set to ‘ease back considerably’: IEA

10.02.2016 [15:15]
There is little chance of a respite for oil in the next few months as global demand growth will "ease back considerably" in 2016, according to the latest forecasts from the International Energy Agency (IEA), according to CNBC. ...
Oil price on world markets

Oil price on world markets

10.02.2016 [11:28]
The price of oil continue falling in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.44 to stand at ...
Goldman Sees Risk of Oil Below $20

Goldman Sees Risk of Oil Below $20

09.02.2016 [19:36]
Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted, according to Bloomberg. ...
Hungarian companies interested in cooperation with Azerbaijani businessmen

Hungarian companies interested in cooperation with Azerbaijani businessmen

09.02.2016 [19:32]
Hungarian companies are interested in cooperation with Azerbaijani businessmen, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said. ...
AZAL reduces price for Moscow-Baku flight tickets

AZAL reduces price for Moscow-Baku flight tickets

09.02.2016 [19:06]
Azerbaijan Airlines (AZAL) has announced discounts on the price for Moscow-Baku flight tickets. From February 9 until March 1, “Budget” tariff tickets will cost 69 euros for Moscow-Baku flight, while Moscow-Baku-Moscow tickets will be available for 158 euros ...
Georgian PM: Azerbaijan is main supplier of natural gas to Georgia

Georgian PM: Azerbaijan is main supplier of natural gas to Georgia

09.02.2016 [16:20]
“Azerbaijan is the main supplier of natural gas to Georgia. We successfully cooperate with Azerbaijan in all spheres, including energy,” Prime Minister of Georgia Giorgi Kvirikashvili said in an interview with local media. Kvirikashvili dismissed allegations that Georgia plans to buy natural gas from Gazprom ...
Oil price on world markets

Oil price on world markets

09.02.2016 [10:50]
The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.20 to stand at ...