Minister Bonino welcomes TAP selection

29.06.2013 [18:57]
Italian Foreign Minister Emma Bonino has welcomed the announcement that the Trans-Adriatic Pipeline (TAP) project has been selected to build the European section of the Southern Gas Corridor. The pipeline will carry growing ...

Azerbaijan-Lithuania Intergovernmental Commission holds 3rd session

29.06.2013 [12:34]
The Azerbaijan-Lithuania Intergovernmental Commission has held its 3rd session in Vilnius. The meeting was co-chaired by Lithuanian Foreign Affairs Minister Linas Linkevicius and Azerbaijan’s Minister of Taxes Fazil Mammadov ...

Trades at BICEX

29.06.2013 [11:37]
The weighted average exchange prices made up 0.7835 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on June 28. The average-weighted dollar exchange rate was 0.7835 AZN at the morning session on US currency in the BEST (Bourse E-system of trades) ...

Azerbaijan, Hungary discuss prospects for building cooperation on securities market

29.06.2013 [11:18]
Azerbaijan and Hungary have explored ways of building cooperation between securities institutions as Hungarian Deputy State Secretary for Governmental IT at the Ministry of National Development Vilmos Valyi-Nagy met leadership ...

Azerbaijani delegation attends WCO 121st/122nd Sessions of the Customs Co-operation Council

28.06.2013 [21:55]
A delegation led by Chairman of Azerbaijan State Customs Committee Aydin Aliyev has attended the World Customs Organization` s 121st/122nd Sessions of the Customs Co-operation Council in Brussels, Belgium. On the sidelines of the event, the Azerbaijani delegation held a bilateral meeting with a ...

BP Vice President: TAP and Nabucco West have great commercial difference

28.06.2013 [19:16]
“TAP and Nabucco West projects have a great commercial difference,” BP Vice President for Shah Deniz field development Al Cook has today told journalists. Stressing that more than 10 options have been considered while choosing a route over last four years, Cook said the decision was made on the basis of eight criteria ...

Shah Deniz consortium chooses TAP to carry Azeri gas to Europe

28.06.2013 [18:35]
The consortium developing Azerbaijan`s Shah Deniz gas field has chosen the Trans Adriatic Pipeline (TAP) for natural gas deliveries to Europe, Gordon Birrell, BP Regional President for Azerbaijan, Georgia and Turkey said on Friday. Hailing the cooperation memorandum signed as part of a visit of President of the ...

One Quarter of World`s Energy to be Renewable by 2018, IEA Reports

28.06.2013 [17:36]
One quarter of all the world`s energy generation will be renewable by 2018, the International Energy Agency (IEA) announced on Wednesday. The news comes just days after President Obama unveiled a National Climate Action Plan for the United States that signals a remarkable shift towards a cleaner energy future ...

Azerbaijan’s internet market quadruples during past 5 years

28.06.2013 [13:20]
Azerbaijan’s internet market quadrupled, IT production sphere – tripled over past 5 years, the Ministry of Communication and Information Technologies ...

Trades at BICEX

28.06.2013 [12:29]
The weighted average exchange prices made up 0.7835 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on June 27. The average-weighted dollar exchange rate was 0.7835 AZN at the morning session on US ...

Azeri Light crude sells for $105.73

28.06.2013 [12:27]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $105.73. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US ...

Georgia interested in fast construction of BTK, Georgian PM

28.06.2013 [12:03]
Prime Minister of Georgia Bidzina Ivanishvili expressed his country`s interest in fast construction of the Baku-Tbilisi-Kars railway. “We are speeding up the completion of construction of the Baku-Tbilisi-Kars railway to ...

E-gov program for 2013-2015 in Azerbaijan to be approved shortly

28.06.2013 [10:52]
As earlier informed, the Ministry of Communications and Information Technologies of Azerbaijan has developed a draft State program for the development of “E-government" 2013-2015s” the Ministry said. The project was submitted to the government, and works on the implementation of all ...

Azerkimya`s delegation attends CIS Petrochemical conference 2013

28.06.2013 [10:15]
SOCAR`s Azerkimya Production Association’s delegation led by general director Mukhtar Babayev has attended the two day CIS Petrochemical conference 2013 in Moscow, Russia ...

Baku hosts Azerbaijan-Hungary business forum

27.06.2013 [22:35]
An Azerbaijan-Hungary business forum has today been held in Baku as part of a visit of Hungarian Deputy State Secretary for Governmental IT at the Ministry of National Development Vilmos Valyi-Nagy ...

Government of Greece and TAP sign host government agreement

27.06.2013 [22:14]
The Greek Government (the Ministry of Energy, Environment and Climate Change - MEECC) and the Trans Adriatic Pipeline (TAP) project have today signed the Host Government Agreement (HGA) in Athens, agreed in principle last week. The HGA sets out the framework by which the project will be realized and operated on ...

6th ministerial meeting of Baku-Tbilisi-Kars Railway Project kicks off in Kars

27.06.2013 [20:23]
The 6th ministerial meeting of Baku-Tbilisi-Kars Railway Project has started in the Turkish city of Kars. Azerbaijan is represented at the event by Transport Minister Ziya Mammadov. The meeting will see the ministers discuss the progress on the Baku-Tbilisi-Kars railway ...

Baku hosts presentation on export of Azerbaijan-made products to USA

27.06.2013 [13:01]
AZPROMO has held a workshop aimed at presenting opportunities of exporting Azerbaijan-made production to the USA. The workshop provided an insight into the US market ...

AccessBank receives $60 m from Dutch bank

27.06.2013 [11:51]
Azerbaijan`s AccessBank has attracted a $60 million syndicated loan from FMO, the Development Bank of the Netherlands. The transaction is the largest refinancing package AccessBank has received from an ...