AZERENERGY ANNOUNCED RESULTS OF 8 MONTHS OF 2003

06.09.2003 [17:15]
For January through August 2003, production of electric power within the system of Azerenergy company’s enterprises exceeded 13,870 kwt/hr, press service of the company reports.
Thermal stations produced 11,980 billion ...

SMALL AND MEDIUM ENTERPRISES GET LOANS

06.09.2003 [17:15]
Some 531 loans for the total amount of €6,2 million have been given by the German-Azerbaijani Foundation (GAF). The foundation, showing attention to crediting of small and medium business in ...

BUSINESS PEOPLE OF SPAIN WILL PAY A VISIT TO AZERBAIJAN

06.09.2003 [16:32]
A 20-member delegation, consisting of Spanish business people is to be on visit to Baku between September 17 and 18. Spanish Embassy in Ankara and the Confederation of Entrepreneurs of ...

BAKU-AKTAU SYSTEM WILL BE MANAGED BY A SEPARATE COMPANY

06.09.2003 [16:29]
A special company will be founded to manage the Aktau-Baku system. Four companies, main investors of Kazakhstanian Kashagan field and members of the BTC Co with 15 percent of shares ...

“JANUB” TRAIN WAS PUT INTO OPERATION BY THE LINE BAKU-ASTARA

06.09.2003 [16:28]
A passenger express train Baku Astara was put into operation on September 5. This train named “Janub” consists of four carriages, for 43 seats in each, one business-class carriage for ...

ARCHAEOLOGISTS EMBARKED ON RESEARCHES

05.09.2003 [22:55]
Expedition of the Institute of Archaeology and Ethnography under National Academy of Sciences of Azerbaijan is implementing large-scale field researches.
As a result of rise of Kura river level, plenty ...

AZERBAIJANI GARDENERS TO GROW “GRAND SMIT” AND “FUJE”

05.09.2003 [22:53]
Two thousand young plants of “Grand Smit” и “Fuje” sots of apples have been delivered to Azerbaijan from France and planted in Guba Regional Scientific Plant-Growing Center.
The firm “Frazer” ...

TENDERS AT BICEX

05.09.2003 [22:51]
According to the results of tenders held in currency section of the Baku Inter-bank Currency Exchange (BICEX), the average weighted exchange rate of USD/AZM on September 4 valued 4912.48 manat ...

NEW COMPANY TO OPERATE AKTAU-BAKU SYSTEM

05.09.2003 [20:07]
A separate company will be founded to operate Aktau-Baku system; four companies: Eni, TotalFinaElf, ConocoPhilips and Inpex involved in development of Kazakh field ‘Kashagan’ with 15 percent share in BTC ...

EBRD PURCHASED 20 PERCENT OF SHARES OF AZERBAIJANI UNIBANK

05.09.2003 [18:53]
An agreement on purchase of 20 percent of shares of the Azerbaijani UNIBANK by the European Bank for Reconstruction and Development (EBRD) was signed on September 5 in Baku. Today, ...

CIS ECONOMIC COUNCIL SITTING TO BE HELD IN MOSCOW

05.09.2003 [18:52]
The 17th sitting of the CIS Economic Council with the participation of the Deputy Prime Ministers will be held in Moscow, on September 5.
The participants will discuss the proposals ...

7TH TURKISH EXPORT GOODS EXHIBITION TO BE HELD IN BAKU

05.09.2003 [18:52]
The 7th export goods exhibition on the initiative of theAzerbaijan National Confederation of Entrepreneurs Union and Turkish Forum Fuar enterprise will be held in the Europe hotel in Baku, on ...

AZERENERGY PRODUCED 1,4 BILLION KWT/HR OF ELECTRIC POWER IN AUGUST

05.09.2003 [15:41]
Enterprises of the joint stock company Azerenergy produced over 1,486 kwt/hr of electric power in August of 2003. This number was announced by the press-service of Azerenergy with the reference ...

DESPITE DECREASE OF DIRECT FOREIGN INVESTMENTS ALL OVER THE WORLD IN AZERBAIJAN IT INCREASES

05.09.2003 [14:05]
A United Nations Conference on Trade and Development Conference /UNCTAD/ has issued a report on direct foreign investments inflow in the world, UN Baku office reports. According to UNCTAD ...

GAS PRODUCTION INCREASED

05.09.2003 [14:05]
Since the beginning of 2003, 3,428 billion cubic meters of gas have been extracted in Azerbaijan, which is by 2,6% more than scheduled volume. Some 2,766 billion cubic meters out ...

IFC TO CONSIDER BAKU-TBILISI-CEYHAN FINANCING

05.09.2003 [10:46]
The European Bank for Reconstruction and Development and the International Finance Corporation plan to consider financing the Baku-Tbilisi-Ceyhan pipeline project in October.
EBRD Senior Banker Charlotte Philips said ...

EBRD TO MAKE A RESOLVE GRANTING FINANCING SHAH DENIZ IN 2004

05.09.2003 [10:45]
The European Bank for Reconstruction and Development is to make a resolve granting quota of the State Oil Company of the Azerbaijani Republic (SOCAR) a credit in 2004 to finance ...

TENDERS AT BICEX

04.09.2003 [17:26]
According to results of tenders held in currency section of the Baku Inter-bank Currency Exchange (BICEX), the average weighted exchange rate of USD/AZM on September 3 valued 4914 manat for ...

FOREIGN TRADE TURNOVER IN AZERBAIJAN COMES TO $2,7 BILLION

04.09.2003 [17:17]
Juridical persons and individuals of Azerbaijan have fulfilled foreign trade transactions with foreign partners from 111 countries for the total sum of $2,7 billion for 7 months of 2003. The ...