World Bank, Azerbaijan to cooperate in ICT sector

24.06.2013 [20:37]
A delegation led by Randeep Sudan, the Sector Manager for Information and Communication Technologies at the World Bank, has met with the staff of Azerbaijan’s ICT Ministry. The sides focused on the ICT projects being realized in Azerbaijan. Noting high development ...

Azeri Light crude sells for $102.87

24.06.2013 [20:07]
Oil prices have again jumped in the world markets, with a barrel of Azeri Light crude trading for $102.87. On the New York Merchantile Exchange NYMEX cost of the US Light crude oil decreased $4.79 to stand at $93.69. ...

Azerbaijan increases production of computers

24.06.2013 [15:41]
Production of computers and electronic, optic and electrical equipment saw an increase in Azerbaijan in the five months of the year. According to the State Statistical Committee, production of computers, electronic and optic ...

BSTDB, Azerbaijan`s Access Bank sign loan agreement

23.06.2013 [17:31]
The Black Sea Trade and Development Bank (BSTDB) has allocated a loan worth 15 million USD to Azerbaijani Access Bank. The relevant document was signed by BSTDB head Andrei Kondakov and Access Bank General Manager Michael Hoffmann. ...

Baku hosts 15th annual gathering of Governing Council of Black Sea Trade and Development Bank

23.06.2013 [15:35]
The 15th annual gathering of the Governing Council of Black Sea Trade and Development Bank has today been held in Baku. Opening the event chief of the Governing Council, finance minister of Azerbaijan Samir Sharifov said various events, including Azerbaijan Business Forum were held as part of ...

$144.4bn invested in Azerbaijan since 1995, minister

23.06.2013 [12:57]
Thanks to the determined socioeconomic policy implemented in Azerbaijan, the country’s GDP has grown 3.4-fold and per capita GDP threefold. Thanks to the determined socioeconomic policy implemented in Azerbaijan, the country’s GDP has grown 3.4-fold and per capita GDP threefold over the past decade ...

Azerbaijani banks state of readiness to finance energy efficiency

22.06.2013 [20:51]
The Azerbaijani banks are already applying the financing for improving energy efficiency, especially small and medium-sized businesses, which is practicing by the European Bank for Reconstruction and Development (EBRD) and the ...

Azerbaijan`s Minister of Agriculture holds several meetings in Italy

22.06.2013 [17:38]
Azerbaijan`s Minister of Agriculture Ismat Abasov has held a number of meetings in Italy on the sidelines of the 38th Session of the FAO`s Conference. Mr. Abasov met IFAD`s Country Programme Manager for Middle East, North Africa and ...

Japanese Government backs new project in Azerbaijan`s Zagatala region

22.06.2013 [17:32]
The Japanese Embassy in Azerbaijan has signed a grant contract on the Project for “Improvement of Drinkable Water Supply Facilities in Two Villages in Zagatala Region” to be implemented within the Framework of “Grassroots and Human Security Grant Assistance Programme” provided by the Government of Japan ...

Trades at BICEX

22.06.2013 [15:18]
The weighted average exchange prices made up 0.7835 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on June 21. The average-weighted dollar exchange rate was 0.7836 AZN at the morning session on US currency in the BEST (Bourse E-system of trades) ...

Black Sea Bank forms a business network for work with Azerbaijani business

21.06.2013 [17:47]
An Azerbaijani business forum has today opened as part of the 15th annual meeting of the Black Sea Trade and Development Bank (BSTDB)in Baku. BSTDB president Andrey Kondakov said the forum aims to solve two tasks based on the example of Azerbaijan ...

Azerbaijan’s SOCAR to buy Greek gas operator DESFA

21.06.2013 [17:30]
Greece is set to agree the sale of its natural gas grid operator DESFA to Azerbaijani state energy company SOCAR. SOCAR has improved its offer to buy a 66% stake in the company to €400 million, a price that Greece's privatization agency HRADF finds satisfying ...

Trades at BICEX

21.06.2013 [16:04]
The weighted average exchange prices made up 0.7836 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on June 20. The average-weighted dollar exchange rate was 0.7836 AZN at the morning session on US ...

Azeri Light crude sells for $105.33

21.06.2013 [15:52]
Oil prices have again jumped in the world markets, with a barrel of Azeri Light crude trading for $105.33. On the New York Merchantile Exchange NYMEX cost of the US ...

Azerbaijan`s SOCAR exports over 18m tons of oil in January-May

21.06.2013 [15:43]
Azerbaijan`s state oil company SOCAR exported 18.1 million tons of oil in January-May. According to the State Statistics Committee, 13.8 mln tons of the exported oil was ...

BSTDB to allocate large amount of credit to SOCAR

21.06.2013 [13:35]
The Black Sea Trade and Development Bank (BSTDB) is going to allocate a large amount of credit to the State Oil Company of Azerbaijan Republic (SOCAR), said the BSTDB President Andrey Kondakov at a press conference in Baku. "The Board of Directors of the bank will consider this issue on Saturday during a meeting ...

AZAL launches direct flight to one more Russian city

21.06.2013 [12:47]
Azerbaijan Airlines has started direct flights on Baku-Yekaterinburg-Baku route, the Heydar Aliyev International Airport reported. The flights will be operated by Airbus A-319 and Airbus A-320, twice a week – Thursday and Sundays at 15.25 and 20.00, respectively. In the opposite direction, the flights are realized ...

Azerbaijani delegation attends St. Petersburg International Economic Forum

21.06.2013 [12:28]
Azerbaijani delegation including Polad Bulbuloglu, Azerbaijani ambassador to Russia, SOCAR President Rovnag Abdullayev, the Chairman of OJSC International Bank of Azerbaijan Jahangir Hajiyev, as well as representatives of the ...

Pakistani Famatex Industries Ltd Company keen on cooperation with Azerbaijan

21.06.2013 [11:42]
Pakistani Famatex Industries Ltd Company is keen to cooperate with Azerbaijani counterparts. Azerbaijan Export and Investment Promotion Foundation (AZPROMO) informs that ...