Azerbaijani Minister of Industry and Energy Natig Aliyev attends a round table meeting on contribution of Azerbaijan and Turkey to energy markets started today in London ...

Azerbaijan-Lithuania intergovernmental meeting on economic cooperation will be held here in the first quarter of the current year, first secretary of the Lithuanian embassy to the country Vilijus Samuil said ...

The Baku office of the European Bank for Reconstruction and Development held a presentation of its Transition Report 2009 on Tuesday to assess the past year’s developments in CIS and Eastern European countries and analyses their macroeconomic performance ...

Shahmar Movsumov, Executive Director of Azerbaijan`s State Oil Fund (SOFAZ) gave a press-conference on January 26 dealt with results of 2009. Budget revenues of the State Oil Fund reached 8 176.7 million manats, while budget expenditures ...

SOCAR Georgia has ranked first as the Georgia`s largest tax payer with 162,000,000 lari (1 US dollar=1.70 lari) paid in 2009. SOCAR Georgia representative Faig Guliyev said the company has taken the first place for the third time in a row. According to him, SOCAR is ...

The coordination council for the Baku-Tbilisi-Kars railway project will meet in Tbilisi Thursday. The meeting will highlight achievements since last gathering in Baku, and feature a report by Georgia on how it uses an Azeri ...

Revenues of Azerbaijan`s State Oil Fund exceeded 10 billion dollars in 2009, executive director Shahmar Movsumov told a press conference. According to Movsumov, the fund`s spending made $6.6 billion ...

Azerbaijan-UK business forum organized by Middle East Association will take place in London, on March 8. Officials from Great Britain and Azerbaijan will deliver reports here ...

The Ministry of Communication and Information Technology is planning to privatize state-owned communication enterprises. According to Minister Ali Abbasov, privatization of joint companies except for some small ones has been completed in the ICT sector ...

The fourth meeting of Azerbaijan-Switzerland Intergovernmental Commission for Trade and Economy held in the Swiss capital, Berne. Azerbaijan is represented by Co-chair of the Commission, Minister of Economic Development Shahin Mustafayev ...

Azerbaijan`s economy saw a 9.3% growth in 2009, said chief of the country`s State Statistical Committee. Speaking to a press conference, Arif Veliyev said the Gross Domestic Product reached 34.6 billion manats or nearly $42.5 billion in the country last ...

Officials of Asian Development Bank (ADB) Martin Endelman and Roland Pladet have arrived in Azerbaijan to conduct talks relating to construction of a thermal power plant in the country ...

On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US light crude oil has fallen $0.67 to stand at $77.43. Price on the North Sea petroleum mix of mark Brent Crude oil at London exchange ICE (InterContinental Exchange Futures) on the ...

Director of Urban Services of Asian Development Bank (ADB) Matthew Westfall will arrive tomorrow in the capital of Azerbaijan. Westfall will inspect implementation of the bank`s projects aimed at improving the country`s water supply and sewerage systems ...

The average economic output per person in Azerbaijan jumped 7.9% to reach 4,874 US dollars in 2009, according to the minister of finance. Samir Shafiyev said the average monthly average saw a 6.8% increase last year to make nearly ...

CIS Economic Council announced winners for production and service achievements in 2009. Azerbaijan`s 4 enterprises are among the winners in the said nomination. The Economic Council`s decision once again proves dynamics of entrepreneurship ...

Chairman of Nakhchivan Supreme assembly Vasif Talibov met country director of International Organization for Migration (IOM) Vasili Yujanin, outgoing chief of IOM`s Nakhchivan office Lucie Dupertuis and her successor Martin Lenk. Talibov praised cooperation between ...

Domestic investment in Azerbaijan made 7.3 billion dollars last year, said President Ilham Aliyev. Speaking to a Cabinet meeting on the 2009`s socio-economic achievements, the President said “domestic investment enjoyed a lion`s share ...

President of Azerbaijan Ilham Aliyev said 840,000 jobs had been created in the country over the past six years. Speaking to a Cabinet meeting on socio-economic achievements in 2009, the President said “the last year alone saw creation ...