• / ECONOMY

    ECONOMY

    • TEKNOFEST Azerbaijan gets underway in Baku
      TEKNOFEST Azerbaijan gets underway in Baku
      TEKNOFEST Azerbaijan Aerospace and Technology Festival has today kicked off in Baku. The event has been organized annually by the Turkish Technology Team (T3 Foundation) and the Ministry of Industry and Technology ...
    • AZAL launches flights from Nakhchivan to Ganja
      AZAL launches flights from Nakhchivan to Ganja
      Azerbaijan Airlines is launching flights from Nakhchivan to Ganja and back, AZAL told AZERTAC. Starting from May 6, flights in the Nakhchivan-Ganja-Nakhchivan direction will be performed twice a week - on Tuesdays and Fridays ...
    • Azercosmos, Swiss Signalhorn to deliver reliable satellite services to Africa
      Azercosmos, Swiss Signalhorn to deliver reliable satellite services to Africa
      Azercosmos and the Swiss Signalhorn have entered into a partnership agreement to provide uninterrupted, secure and high-quality satellite services throughout Africa via the C Band capacity on Azerspace-1 satellite. Using the latest iDirect technology, Azercosmos and Signalhorn will be able to contribute ...
    • AZAL launches flights from Baku to Prague
      AZAL launches flights from Baku to Prague
      “Azerbaijan Airlines” will start operating flights to the capital of the Czech Republic - Prague within the summer schedule of 2022. The air carrier will operate flights on the Baku-Prague-Baku route twice a week - on Mondays and Fridays. The first flight will be operated on June 17 ...
    • AZAL to resume flights between Baku and Berlin
      AZAL to resume flights between Baku and Berlin
      Azerbaijan Airlines resume flights between Baku and Berlin from May 29, press service of Azerbaijan Airlines CJSC told AZERTAC. Thus, special flights en route Baku-Berlin-Baku will be operated by the airline twice a week - on Tuesdays and Sundays. Flight tickets ...

    “KARAZHANBASMUNAI” PLANS TO TRANSPORT OVER 50% OF BTC OIL

    22.12.2003 [18:40]
    The “Karazhanbasmunai” SC plans to transport through Bku-Tbilisi-Ceyhan MEP over 50 percent of the oil produced at the Karazhanbas oil field, vice-president on marketing of this Company Patrick O’Mara said ...

    WB TO ALLOCATE CREDIT FOR AZERENERJY

    22.12.2003 [17:33]
    In the course of negotiations held with the delegation of World Bank, it was confirmed the readiness of this financial structure to continue its active cooperation with Azerbaijan in the ...

    IMF COMPLETES THIRD REVIEW UNDER POVERTY REDUCTION AND GROWTH FACILITY ARRANGEMENT WITH THE AZERBAIJAN REPUBLIC

    22.12.2003 [17:28]
    The Executive Board of the International Monetary Fund (IMF) has completed the third review of the Azerbaijan Republic's performance under a three-year, SDR 80.45 million (about US$119 million) Poverty Reduction ...

    ACG - SANGACHAL PIPELINE TO COST $13 MLN

    22.12.2003 [17:28]
    It will cost $13 million to build the 5- km pipeline that will carry associated gas produced at the Azeri-Chirag- Gunashli (ACG) offshore fields to the Azerigaz terminal at ...

    GOC TO INVEST $10 MLN IN SOUTHWEST GOBUSTAN IN 2004

    22.12.2003 [17:27]
    Gobustan Operating Company plans to invest about $10 million in the development of structures in Southwest Gobustan in 2004.
    SOCAR ( State Oil Company) plans to confirm the ...

    AZERCELL INTRODUCES NEW SERVICES

    22.12.2003 [17:13]
    Leading mobile communication carrier of Azerbaijan Azercell Telecom JV has introduced new system of contour’s loading for SimSim subscribers - 101CELL service.
    New system allows loading contours from SimSim-card more ...

    TENDERS AT BICEX

    20.12.2003 [15:51]
    Weighted average exchange prices made up 4922 manat for 1 US dollar in Baku Interbank Currency Exchange on December 19.
    In the morning, the volume of deals closed by two ...

    AZERBAIJAN AND BELARUS TO DEVELOP ECONOMIC CO-OP

    19.12.2003 [23:05]
    In February next year, it is planned the official visit of the Prime Minister of Azerbaijan Republic Artur Rasizadeh to the Republic of Belarus, in the course of which it ...

    BRITISH GOVERNMENT SUPPORTS ALLOCATION OF FUNDS FOR BTC PROJECT

    19.12.2003 [18:06]
    According to “Guardian” referring to the State Minister Mice O’Brien, the British government announced on December17 that it supported the allocation of 100 mln pound sterling to complete construction of ...

    TENDERS AT BICEX

    19.12.2003 [14:44]
    Weighted average exchange prices made up 4921, 56 manat for 1 US dollar in Baku Interbank Currency Exchange on December 18.
    In the morning, the volume of deals closed by ...

    TURKEY AND U.S. HAVE COMMON INTERESTS IN CASPIAN ENERGY POLICY

    19.12.2003 [13:48]
    How reports the Anadolu Agency, Steven Mann, the U.S. Department of State Senior Advisor for Caspian Basin Energy Diplomacy said on Thursday that the U.S. and Turkey had many common ...

    TENDERS AT BICEX

    18.12.2003 [14:54]
    Weighted average exchange prices made up 4921 manat for 1 US dollar in Baku Interbank Currency Exchange on December 16.
    In the morning, the volume of deals closed by two ...

    MINISTERS OF GB BACK Ј2.2BN PIPELINE

    18.12.2003 [14:50]
    According to the “Guardian” newspaper the government of Great Britain has announced financial backing yesterday for a controversial Ј2.2bn pipeline to carry oil from the Caspian Sea to the Mediterranean. ...

    BTC CO BOARD OF DIRECTORS HOLDING MEETING IN LONDON

    18.12.2003 [11:23]
    A session of the Board of Directors of BTC Co, the operator for the construction and exploitation of the Baku-Tbilisi-Ceyhan pipeline, is currently underway in London where the board will ...

    CONOCOPHILLIPS BOARD APPROVES 2004 CAPITAL BUDGET

    17.12.2003 [14:58]
    The board of directors of ConocoPhillips has approved a 2004 capital budget of approximately $6.9 billion. This total includes approximately $0.5 billion in capitalized interest and $0.4 billion in minority ...

    TENDERS AT BICEX

    17.12.2003 [14:44]
    Weighted average exchange prices made up 4921 manat for 1 US dollar in Baku Interbank Currency Exchange on December 16.
    In the morning, the volume of deals closed by two ...

    TOTALFINAELF TO BUY FIRST CONSIGNMENT OF AZERBAIJANI OIL IN 2004

    16.12.2003 [18:50]
    France's TotalFinaElf has won a tender to buy the first consignment of Azerbaijani oil exported through the Baku-Novorossiisk pipeline in 2004, a source in the marketing department of the State ...

    TENDERS AT BICEX

    16.12.2003 [16:23]
    Weighted average exchange prices made up 4922 manat for 1 US dollar in Baku Interbank Currency Exchange on December 12.
    In the morning, the volume of deals closed by two ...

    “THE DECREE OF THE PRESIDENT OF AZERBAIJAN – PLATFORM FOR FUTURE ECONOMIC DEVELOPMENT OF AZERBAIJAN” – SAID WB EXECUTIVE DIRECTOR

    13.12.2003 [14:24]
    The results of a 3-day visit of the group of World Bank /WB/ executive directors to Azerbaijan were discussed at the press conference taken place on December 12 in “Hyatt ...
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