EBRD extends USD 42 million syndicated loan to Demirbank
01.09.2014 [18:23]
The European Bank for Reconstruction and Development (EBRD) has allocated a syndicated loan worth USD 42 million to Demirbank, one of the leading private banks in Azerbaijan, to support private sector development. Some USD 13 million of this amount was allocated by US, the rest by other banks. The loan
SOCAR, bp expand cooperation to improve local personnel
01.09.2014 [17:23]
The State Oil Company of Azerbaijan Republic and bp have signed two documents on improvement of the knowledge and skills of local engineering-design personnel and on expansion of cooperation in human resources field.
AmCham to hold conference on “Business environment created for communications sector and high technologies of Azerbaijan”
01.09.2014 [16:37]
With the view of contributing to the work of the Government of Azerbaijan in the field of high technologies, as well as the expansion of mutual business relations between private sector and government representatives, Azerbaijani-American Chamber of Commerce (AmCham) will hold another conference on ICT “Business environment created for...
Oil price rises in world markets
01.09.2014 [14:53]
The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil raised $1.41 to trade at $ 95.96.Price of the British Brent oil at the London ICE (InterContinental Exchange Futures) has increased $0.73 to stand at $103.19
Northern Iraq oil shipments reach 8.8 million barrels - Turkish minister
31.08.2014 [14:53]
Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, according to Reuters. The sales from Ceyhan via the autonomous regions new pipeline were more than 8 million barrels in 11 tankers
Azerbaijan`s national cargo carrier purchases two Boeing 747-8 Freighters
31.08.2014 [11:31]
Azerbaijan`s national cargo carrier, Silk Way West airlines, has purchased two Boeing 747-8 Freighters. The first airplane has already been delivered to Baku. It will carry out flights to Seoul, the Republic of Korea, beginning from next month
Airport World magazine: Azerbaijan's main hub has SITA technology installed
30.08.2014 [14:10]
Airport World magazine of Airports Council International has published an article highlighting state-of-the-art systems installed at Heydar Aliyev International Airport in Baku. “Heydar Aliyev International Airport’s new Terminal 1 has had IT infrastructure, passenger processing platform and airport operations systems
Azerbaijan, Lithuania discuss prospects of ICT cooperation
29.08.2014 [17:40]
Azerbaijani ambassador to Lithuania Hasan Mammadzade has met Lithuanian Minister of Transport and Communication Rimantas Sinkevičius.
Baku to host 11 international exhibitions in autumn
29.08.2014 [16:15]
International exhibition organiser Iteca Caspian will open the new exhibition season this September. All exhibition organised by the company have the official support of the state bodies of the Republic of Azerbaijan. Many of the projects
Oil price changes in world markets
29.08.2014 [11:19]
Oil prices have changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has raised $0.67 to stand at $94.55. Price of British Brent crude oil at the London
Moody's Interfax upgrades IBA-Moscow's national scale rating to
28.08.2014 [19:23]
Moody's Interfax Rating Agency has upgraded national scale rating (NSR) of IBA-Moscow to from, and Moody’s Investors Service changed the outlook rating of Bank IBA-Moscow on the international scale from B3 ‘Stable’ to B3 ‘Positive’.
SOCAR to open more filling stations in Romania
28.08.2014 [15:04]
Azerbaijan's State Oil Company (SOCAR) plans to increase the number of its filling stations in Romania, Head of SOCAR's Romanian office Hamza Karimov said in his interview with "". “Romania is among the top ten countries in terms of global energy security, expectations for investment growth and positive economic...
Cargo transportation via railway made 3.1 mln tons in Azerbaijan
27.08.2014 [15:45]
Cargo transportation via railway made 3.1 mln tons in January-July, 2014 in Azerbaijan. The State Statistical Committee (SSC) reported that average
Azerbaijan, Russia discuss prospects for developing ICT cooperation
27.08.2014 [14:33]
Azerbaijan`s Minister of Communications and High Technologies Ali Abbasov has met Deputy Minister of Communications and Mass Media of Russia Rashid Ismayilov to discuss prospects for developing ICT cooperation. Saying he was feeling proud of the fact that a cadre of Azerbaijani
Baku hosts 29th meeting of RCC Commission for International Cooperation Coordination
27.08.2014 [13:40]
The 29th meeting of the Regional Commonwealth in the field of Communications (RCC) Commission for International Cooperation Coordination has been held in Baku. The event was opened by Deputy Minister of Communications and Mass Media of Russia and Chairman of Commission for International Cooperation
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