Economy
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.
 
Oil prices rise in world markets
24.07.2014 [12:17]
The price of oil has increased in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $0.73 to stand at $103.12. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) grew $0.70 to trade at $108.03
 
President Ilham Aliyev signs Order on measures related to construction of Baku-Guba-Khizi-Shuraabad highway
23.07.2014 [21:45]
President of Azerbaijan Ilham Aliyev has today signed an Order on measures related to construction of the Baku-Guba-Khizi-Shuraabad highway
 
Azerbaijan exports over 23 mln tons of oil in January-June, 2014
23.07.2014 [19:57]
The State Customs Committee (SCC) informs that for January-June, 2014 the country’s oil export reached 23.3 million tons, which is 7.3 % mare in comparison with the same period of 2013. Some 17.6 million tons of this amount was exported via Baku Tbilisi-Ceyhan pipeline
 
President Ilham Aliyev signs Order to speed up socio-economic development of Khizi District
23.07.2014 [19:53]
President of Azerbaijan Ilham Aliyev signed an Order on extra measures to speed up socio-economic development of Khizi District. Under the presidential order, AZN 2 million were allocated from the President`s
 
SOCAR launches new filling station in Ukraine
23.07.2014 [17:02]
The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched a new filling station in the Cherkassy region, Ukraine. The new complex is located at the entrance to the city of Uman, opposite National Dendrologic Park "Sofievka". It has become the sixth SOCAR petrol station in Cherkassy region, providing
 
State-of-the-art production areas launched at Baku Steel Company after major overhaul VIDEO
23.07.2014 [15:02]
Baku Steel Company LLC has launched new state-of-the production areas after a major overhaul aimed at increasing the facility`s production capacity and export potential. A solemn ceremony was held to inaugurate the production areas, which now feature state-of-the-art equipment made in the USA, France, Italy and Turkey
 
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