OJSC "International Insurance Company”, one of the biggest insurance companies in Azerbaijan, has been named the winner of International Finance Magazine (IFM) Financial Awards for Azerbaijan 2013 in “The Best Insurance Company 2013” nomination ...

The national postal operator of Azerbaijan Azerpoct Ltd will launch money transfer with Tajikistan and Kyrgyzstan via Secured Transfer of Electronic ...

Baku will host the Caspian Construction Week at the Baku Expo Center on October 23-26. The Caspian Construction Week comprises three simultaneous exhibitions: BakuBuild, Aqua-Therm Baku and CIPS Caspian. According to the Iteca Caspian LLC, the Caspian Construction Week will bring together ...

Azerbaijani companies owned by “Global Energy Azerbaijan” Group, which is the largest foreign onshore oil producer in Azerbaijan, have participated in the 21st "KIOGE-2013" Kazakhstan International Oil & Gas Exhibition and Conference in Almaty ...

The Bulgaria-Greece gas grid interconnection is to be completed in 2016, after which Bulgaria will be able to receive gas supplies from the Caspian region through the Trans-Adriatic Pipeline (TAP), according to Kiril Temelkov, CEO of state-owned gas transmission operator Bulgartransgaz ...

President of Azerbaijan Ilham Aliyev has today signed an Order on extra measures to speed up socio-economic development of Fuzuli District. The Order allocates AZN 3 million for construction of the Garabagh-Boyuk Bahmanlı-Arıyatlı ...

This autumn Azerbaijan will host the first international conference Baku HR Experience, dedicated to the issue of human resources. OJSC PASHA Bank informs that the Bank will sponsor the event as The Best Employer. Baku HR Experience conference will bring together HR experts from Gazprom, companies ...

The 5th International Economic Summit of the Russian Federation and member countries of the Organization of Islamic Cooperation (OIC) has been held in Kazan, Tatarstan. Director of the Institute for Scientific Research and Economic Reforms under Azerbaijan`s ...

As of October 1, 2013, the total volume of currency reserves of the Azerbaijani Central Bank hit $13,262,700,000, according to a CBA report published on Friday. According to the report, from early 2013, the currency reserves of the Central Bank ...

Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $111.73. On the New York Mercantile Exchange NYMEX, cost of the US Light crude oil decreased $0.79 to stand at $103.31 ...

President of Azerbaijan Ilham Aliyev has today signed an Order on extra measures to speed up socio-economic development of the city of Sumgayit. Under the presidential order, 3 million manats were allocated from the 2013 Reserve Fund of the President to the Sumgayit Executive Authorities ...

Open Door day of the Stockholm School of Economics will be held in Baku on October 22, The event will mark the presentation of "SSE Executive MBA General Management” business programs ...

Azerbaijan and Norway have agreed to organize a joint energy forum in Baku late October as Industry and Energy Minister Natig Aliyev met Norwegian ambassador Erling Shensberg. The forum will be part of a series of events to be hosted in Baku under the Days of Norway ...

The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX, cost of the US Light crude oil raised $2.06 to trade at $ 104.10. Price of the British Brent oil at the London ICE (InterContinental Exchange Futures) has ...

International Finance Magazine announced the winners of Financial Awards 2013. According to the Magazine, 6 organizations from Azerbaijan including 3 banks, 1 insurance company and 1 non-banking credit organization received the Awards. According to the Magazine, the “Baku Stock Exchange” received Financial Awards 2013 for ...

The Central Bank of Azerbaijan and the World Bank have explored ways of developing their cooperation as the Central Bank`s chairman Elman Rustamov met WB Manager for Micro, Small, and Medium Enterprise unit Aurora Ferrari. They discussed the course of implementation of WB`s programs on financial and private ...