80% OF CREDITS ALLOCATED TO REGIONS

29.10.2004 [13:07]
Out of AZM 200 bln lax credit envisaged in the sate budget for implementation of the state program of socio-economic development of regions of Azerbaijan Republic, AZM 143 bln have ...

WINTER TIME SWITCH IN AZERBAIJAN - OCTOBER 31

29.10.2004 [11:45]
In accordance with the resolution of the Cabinet of Ministers, N 21, March 17, 1997, hour hand will be moved back by one hour, at 5.00 a.m. on the territory ...

“AZERDEMIRYOLBANK” GETS HIGH RATING

28.10.2004 [21:05]
International rating company “Fitch Ratings” awarded “Azerdemiryolbank” Joint Stock Bank with high rating “CCC + K/S-C, D/E and risk of support 5.
“Azerdemiryolbank” cooperates with such world-known clearing banks ...

TENDER FOR CONSTRUCTION OF COMBINED-CYCLE PLANT UNDERWAY

28.10.2004 [18:25]
Three foreign companies have been shortlisted as candidates to be a general contractor for construction of the state-of-the-art combined-cycle plant in Sumgait, Azerenergy press-service reported. The Russian “Siloviye Mashiny” ...

STATE PROGRAM SUBMITTED TO PRESIDENT FOR APPROVAL

28.10.2004 [18:25]
The final version of the state program “On Communications and Information Technologies Development in Azerbaijan Republic in accordance with Today’s Requirements” has been sent to the President for approval. ...

DEFENSE EXPENSES TO INCREASE IN NEXT YEAR BY 33 PERCENT

28.10.2004 [17:38]
Aiming at increase of defense might of the Country, in the state budget for 2005, it is stipulated to set aside over 1 trillion 200 billion manats, finance minister of ...

TENDERS AT BICEX

28.10.2004 [15:51]
The weighted average exchange prices made up 4904,80 manats for 1 US dollar in the Baku Interbank Currency Exchange on October 27.
The average-weighted dollar exchange rate was 4904 AZM/USD ...

PREPARATORY WORK IN PROGRESS IN SHAHDENIZ

28.10.2004 [14:12]
Production of the first gas from Shahdeniz field in the Azerbaijan sector of the Caspian Sea is expected for mid-2006, and preparatory work is continuing according to schedule, press-service of ...

ILO AND CEA HOLD CONCLUDING CONFERENCE

28.10.2004 [13:30]
In the framework of the “Assistance to Women’s Entrepreneurship Development in Georgia and Azerbaijan through Employers Organizations” project, the International Labor Organization /ILO/ in collaboration with the National Confederation of ...

GDP EXPECTED TO REACH AZM 40,3 TRILLION IN LATE 2004

28.10.2004 [12:59]
Azerbaijan's GDP made up 29 tln 689,1 bln manats in January - September 2004 that exceeds the last year's figure by 9,9%, the Milli Majlis Standing Commission On Economic Policy ...

INT’L ORGANIZATIONS TAKE ACTIVE PART IN DRAWING NEW BUDGET

28.10.2004 [12:25]
Representatives of the International Monetary Fund and World Bank take active part in drawing up state budget of Azerbaijan for 2005, standing commission on economic policy of Milli Majlis told ...

OIL EXPORT THROUGH BAKU-NOVOROSSIYSK PIPELINE NOT TO SUSPEND

28.10.2004 [12:11]
The information of some Russian media on alleged suspension of oil transportation through Novorossiysk route due to launch of the Baku-Tbilisi-Ceyhan oil pipeline has no grounds, press-service of the Azerbaijan ...

OIL CONSTITUTES 58,7 PERCENT OF CARGO TRANSPORTED THROUGH EURASIA CORRIDOR

28.10.2004 [12:10]
Oil and oil products made up 58,7 percent of the cargo transported by railways through Europe-Caucasus-Asia international transport corridor in January-September, 2004, while the building materials – 13,9 percent, 4,5 ...

IMF PLEASED WITH ECONOMIC REFORMS IN AZERBAIJAN

28.10.2004 [11:04]
IMF mission on Near East and Central Asia Mr. John Wakeman Linn has held in the Ministry of Finance press conference on results of the fortnight working visit to our ...

BANK OF BAKU ISSUING MASTERCARD CARDS

27.10.2004 [15:56]
The Bank of Baku continues its efforts to join the international payment systems. Azerbaijan is now experiencing a transitional period and entering the area of cashless settlements that, therefore, increases ...

TENDERS AT BICEX

27.10.2004 [14:57]
The weighted average exchange prices made up 4904 manats for 1 US dollar in the Baku Interbank Currency Exchange on October 26.
The average-weighted dollar exchange rate was 4904 ...

CONTRCATS ON PHASE-3 SIGNED

27.10.2004 [14:27]
BP, McDermott and Heydar Aliyev Deepwater Jackets Factory have signed a joint contract at amount of $140 mln for full-fledged development of Azeri, Guneshli and Chirag oil fields in the ...

INTERNATIONAL EXHIBITION “BAKUMEBEL-2004” OPENS IN BAKU

27.10.2004 [11:59]
The 2nd Azerbaijan international exhibition of furniture, woodworking, interiors and design “Bakumebel-2004” will be opened in Baku Sport-concert complex after Heydar Aliyev, on October 27, AzerTAj correspondent reports.
Popular companies ...

BINSA REGULAR SITTING HELD IN BAKU

27.10.2004 [11:55]
The regular (IX) sitting of Black Sea International Ship-owners Association / BINSA/ with the participation of representatives of 9 structures of 5 states was held in Baku, AzerTAj correspondent reports. ...