Economy
Dushanbe to host first investment forum
30.07.2014 [16:39]
The Organization of Islamic Cooperation (OIC) and the Tajik government will jointly organize the first investment forum in Dushanbe in October. According to the Azerbaijan Export and Investment Promotion Foundation, the two-day
 
Finnish Lamor Corporation ‘plans to open Baku office’
30.07.2014 [12:58]
Finnish Lamor Corporation has expressed plans to open its office in Baku as its head Fred Larsen met Director General of “Ekol Engineering Services of Azerbaijan`s State Oil Company (SOCAR) Ramil Aliyev in Baku. Larsen said Lamor Corporation, specializing in oil spill clean-up equipment, had strategically
 
Oil price changes in world markets
30.07.2014 [11:04]
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 fallen $1.1 to stand at $100.97. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) increased $0.65 to trade at $107.72. A barrel of Azeri Light crude oil...
 
AZAL to restore Baku-Astrakhan-Baku flights
30.07.2014 [00:12]
Azerbaijan Airlines (AZAL) will resume regular flights on the Baku-Astrakhan-Baku route from November 3. According to AZAL, the flight will be carried out on Mondays and Tuesdays
 
Azercell provides fastest data speed among mobile operators, Ookla Net Index says
29.07.2014 [09:50]
The most precise system for measuring the Data speed - Ookla Net Index once again ranked Azercell as the provider of the fastest speed of mobile Internet in the country. Thus, based on the Ookla research, currently Azercell provides 6,12MB/s of mobile Internet speed. This is the highest index among other mobile
 
Azerbaijani delegates make reports at “Economic Modeling: 2014” international conference in Indonesia
28.07.2014 [10:34]
Director of the Economic Reforms Research Institute under the Azerbaijani Ministry of Economy and Industry Vilayat Valiyev and employee Malik Mehdiyev have made reports at an international conference on “Economic Modeling
 
Some 4.9 mln tons of cargo transported via sea in Azerbaijan in January-June, 2014
26.07.2014 [17:28]
In January-June 2014, 4.9 mln tons of cargo transported via sea in Azerbaijan. The State Statistical Committee says 57.8% of cargo was oil cargo, 42.2% - dry cargo. All transportations were carried out on foreign connections. 6.1 mln tons of shipping and unshipping works carried out via sea ports. International transit cargos made
 
Dutch international agricultural website hails Azerbaijan’s successes
26.07.2014 [12:34]
The Dutch international agricultural website “Fresh Plaza” has mentioned Azerbaijan’s success in the area for the running year. The information says Azerbaijan has increased its revenues from agricultural products for
 
ITC hails economic achievements of Azerbaijan
26.07.2014 [11:37]
Arancha Gonzalez, Executive Director of the International Trade Centre (ITC) in his meeting with Ambassador Murad Najafbeyli, Permanent Representative of the Republic of Azerbaijan to the UN Office and other international organizations at Geneva hailed the economic achievements of Azerbaijan, expressed gratitude for development assistance and...
 
“FINCA Azerbaijan” holds events in its Gabala and Ismailli branches
25.07.2014 [19:28]
“FINCA Azerbaijan” Non-Bank Credit Organization held the opening ceremony of a new branch office in Gabala region on July 23. New modern office that meets all the requirements of FINCA standards along with providing comfortableness for clients will also ensure high quality service provision
 
New flight launched from Gabala to Moscow
25.07.2014 [12:33]
Russian Metrojet Air Company has started regular flights on Moscow-Gabala-Moscow route. The first plane from Moscow arrived in Gabala International Airport on July 24. The plane with 180 passengers departed from Domodedovo at 18:00 (Baku time) and landed in
 
Oil prices fall in world markets
25.07.2014 [11:32]
The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $1.05 to stand at $102.07. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has
 
Azerbaijan, Afghanistan discuss prospects for transport cooperation
24.07.2014 [22:23]
Azerbaijani deputy minister of transport Musa Panahov has met Director-General of Economic Cooperation department of the Afghanistan Ministry of Foreign Affairs Wahidullah Waissi to discuss prospects for transport cooperation between the two
 
Kapital Bank marks 140th anniversary
24.07.2014 [21:07]
Today Kapital Bank celebrates its 140th anniversary. As the legal successor of Azerbaijan Savings Bank, Kapital Bank’s first office was established on July 24, 1874. The first office was operated attached to Baku Branch of Russian State Bank. The executive head of the department was a person named Ivan Samsonovich
 
Azerbaijan’s gas export grew by 9.8% in January-June, 2014
24.07.2014 [18:50]
According to the State Statistical Committee of Azerbaijan, in January-June Azerbaijan exported 11 bn cubic meters of natural gas via main pipelines, which is 9.8% more in comparison with the same period of 2013.
 
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