Azerbaijani Minister of Culture and Tourism Abulfas Garayev has said more than 200,000 people visited Baku Shopping Festival. “Very important work has been done to ensure proper marketing, coverage and popularization of the festival. It was covered by TV, radio, online media, social networks from 54 countries,” he told journalists ...

Baku Shopping Festival earns Azerbaijan more than AZN5m

24.05.2017 [16:20]
“Azerbaijan has made a profit of more than AZN5 million from Baku Shopping Festival,” Minister of Culture and Tourism Abulfas Garayev has told journalists. 98 per cent of visitors expressed their satisfaction with the shopping festival ...

Belarus to join Caspian oil and gas exhibition in Baku

23.05.2017 [21:32]
Five Belarusian petrochemical companies will take part in the International Oil and Gas Exhibition Caspian Oil & Gas 2017, scheduled for May 31 - June 3 in Baku. According to the Embassy of Belarus in Azerbaijan, the Belarusian booth will feature five ...

Korea to host 2nd AIIB Annual Meeting of Board of Governors

23.05.2017 [20:03]
The Korean government and the Asian Infrastructure Investment Bank (AIIB) will jointly host the 2nd AIIB Annual Meeting of the Board of Governors in Jeju, Republic of Korea, on June 16-18. ...

Rouhani: Azerbaijan, Iran, Russia forum to take place in Tehran

23.05.2017 [19:45]
Tehran will host a trilateral international forum involving Azerbaijan, Iran and Russia, President of Iran Hassan Rouhani has told a press conference. He said the forum will be devoted to the construction of a railway, which will connect Iran ...

Kuwait`s Jazeera Airways to launch direct flights to Baku

23.05.2017 [19:27]
Kuwait`s Jazeera Airways has said it is planning to launch direct flights to Baku from June 23. The flights will be carried out on Mondays and Fridays. Kuwaitis can get electronic visas to Azerbaijan through ASAN Visa system in three days. ...

One of topics at Risk Management Forum 2017 was Managing Risks via “Asan İmza” technology

23.05.2017 [17:31]
The Risk Management Forum 2017 to share knowledge in such important aspects as IT-risks management in financial sector was held on May 19 in Baku. Crisis, which aggravated the significance of the existing problems and tasks, challenges to the ...

TAP to finance 8 project in Italy’s Salento

23.05.2017 [16:33]
The consortium for construction of the Trans Adriatic Pipeline (TAP) will support eight projects in Italy’s Salento with €50,000 grants. TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union ...

Bakcell presents renewed website for its “Ulduzum” program

23.05.2017 [16:31]
Bakcell, being the first mobile operator and leading mobile internet provider of Azerbaijan has announced the launch of a new website, dedicated to its Ulduzum program. The new website has a modern and creative design and is even more functional than it used to be. Users will enjoy easy search and navigation features ...

Russia, Saudi Arabia keen to continue oil output cut

23.05.2017 [11:29]
“Brent prices will average $56.30 per barrel and reach $60 by the end of this year”, senior analyst at Thomson Reuters says. Russia and Saudi Arabia are keen to extend for another nine months the production capping agreement that OPEC and non-OPEC ...

Azeri Light crude sells for $54.72

23.05.2017 [10:57]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.40 to stand at $50.73. Price of the Brent ...

Baku hosts second meeting of Baku, Aktau and Samsun sister sea ports

22.05.2017 [17:20]
The Azerbaijani capital is hosting the second meeting of Baku, Aktau and Samsun sister sea ports of Cooperation Council of Turkic Speaking States (Turkic Council). Addressing the meeting, Azerbaijani Minister of Transport, Communications and High ...

Kulevi port receives 2100th tanker

22.05.2017 [12:38]
The Kulevi port received, loaded and dispatched its 2100th tanker so far. From that time, Kulevi Port advanced its general infrastructure to the level that can worthily respond to the needs of any company ...

China-led AIIB expects to have 85 members by end-2017

22.05.2017 [11:04]
China-backed Asian Infrastructure Investment Bank (AIIB) expects to have 85 members by the end of this year, its president Jin Liqun said on Sunday ...

"Brent" crude oil sells for $54

22.05.2017 [10:38]
Oil prices rose on the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.41 to stand at $50.74 ...

Azeri Light oil price increases on world markets

20.05.2017 [17:44]
Azeri Light crude oil price has risen on the world markets. The price of a barrel of Azeri Light crude oil increased $0.94 to stand at $54.25 ...

"Brent" crude oil sells for $53.61

20.05.2017 [11:45]
Oil prices rose on the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.98 to stand ...

Azerbaijan`s Minister of Energy to participate in OPEC meeting in Vienna

19.05.2017 [20:02]
Azerbaijan’s Energy Minister Natig Aliyev will participate in the 172nd meeting of the Council of Ministers of OPEC countries and non-cartel countries in Vienna. The meeting participants will hear a report on an analysis of the impact of oil output cut deal ...

SOCAR commissions 36th filling station in Romania

19.05.2017 [18:16]
Azerbaijan`s state oil firm SOCAR has opened its second filling station in Bucharest, Romania, increasing the number of its gas stations in the country to 36. The filling station will sell NANO 98, Nano 95, Nano Diesel, and Nano Super Diesel types of petrol. ...