Azerbaijan is one of the priority regions for the VTB Group, director of the department of subsidiaries of Bank VTB OJSC Mikhail Yakunin said on Friday at the opening ceremony of the new head office of VTB Bank (Azerbaijan) in Baku. Yakunin said opening the new office marks a new stage in the development of VTB Bank ...

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 $0.86 to trade at $ 95.16. Price of the British Brent oil at the London ICE (InterContinental Exchange Futures) has ...

Azerbaijani Methanol Company (AzMeCo) has postponed terms of the launch of a methanol plant to be the first in Azerbaijan and the South Caucasus for 2013 for this summer. The Company reports that AzMeCo plant start-up is expected in the coming months ...

The weighted average exchange prices made up 0.7836 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on May 16. The average-weighted dollar exchange rate was 0.7834 AZN at the morning session on US currency in the BEST (Bourse E-system of trades). Deals worth 1 410 780 AZN were ...

The Azerbaijan Ministry of Communications and Information Technologies has held a seminar called “TASIM- Project Trans-Eurasian Information Super Highway: new platforms for improving connectivity in Eurasia” as part of the World ...

Azerbaijan Airlines will implement direct flights on Baku-Yekaterinburg-Baku route. Flights will be operated by comfortable and modern aircrafts such as Airbus A-319 and Airbus A-320, twice a week, on Thursdays and Sundays ...

A delegation of Azerbaijan led by industry and energy minister Natig Aliyev has visited Norway. First the delegation visited the Troll A platform, which is a condeep offshore natural gas platform in the Troll gas field off the west coast of Norway ...

Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $104.22. On the New York Mercantile Exchange NYMEX, cost of the US Light crude oil increased 9 cents to stand at $94.30. ...

Trans Adriatic Pipeline external affairs director Michael Hoffman and government affairs advisor Tora Leifland Holmström have visited the Azerbaijan Ministry of Industry and Energy. Azerbaijani deputy industry and energy minister Natig Abbasov informed the TAP officials on ...

The weighted average exchange prices made up 0.7834 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on May 15. The average-weighted dollar exchange rate was 0.7834 AZN at the morning session on US currency in the BEST ...

A week after the launch of the registration phase of the Open Season, shipper interest in registration and capacity booking in the Nabucco West pipeline has already exceeded expectations ...

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met head of the EU delegation to Azerbaijan, Ambassador Roland Kobia. Abdullayev praised the ambassador`s activity in the country, noting the European Union`s ...

SOCAR (State Oil Company of Azerbaijan) will continue the transit of oil through the Baku-Novorossiysk pipeline if it is economically feasible, the head of SOCAR Rovnag Abdullayev told reporters ...

Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $105.42. On the New York Mercantile Exchange NYMEX, cost of the US Light crude oil has fallen $0.96 to stand at $94.21. ...

Azerbaijan`s accession to the Treaty on the Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and Other Celestial Bodies, will expand its international cooperation links. This intergovernmental agreement will help accelerate the growth of the country`s activities in outer space, from both an economic as well as a scientific point of view and ...

Ukraine will take one more step towards diversification of its gas import routes starting to test reverse supplies through Slovakia on Wednesday. Ukraine`s pipeline and gas storage facilities operator Ukrtransgaz proposed Slovakia to engage one of the four interstate gas pipelines linking the two countries. ...

President of the Iranian National Tax Administration, Ali Askari has visited the Taxes Ministry of Azerbaijan. Azerbaijan`s taxes minister Fazil Mammadov praised relationship between the two countries. The minister also briefed Askari on the tax reforms carried out in his country ...

The weighted average exchange prices made up 0.7834 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on May 14. The average-weighted dollar exchange rate was 0.7834 AZN at the morning session on US ...

The national regulators of Austria, Hungary, Romania and Bulgaria have confirmed via a draft decision the prolongation of the existing 50% exemption from EU legislation on third party access granted to Nabucco gas pipeline project, Nabucco Gas Pipeline International GmbH reported on Tuesday ...