Economy
Oil price changes in world markets
18.04.2014 [11:38]
The price of oil has changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.54 to stand at $104.03. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has
 
Ambassador: Italy is interested in cooperation with Azerbaijan in ICT sector
17.04.2014 [20:46]
“Italy is interested in cooperation with Azerbaijan in the field of information and communication technologies,” said Italian Ambassador Giampaolo Cutillo at a meeting in Azerbaijan`s Ministry of Communications and High Technologies. Ambassador Cutillo accompanied an Italian delegation, which included executives of
 
Oil prices fall in world markets
17.04.2014 [13:28]
The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $0.01 to stand at $103.76. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has increased $0.24 to trade at $109.60
 
Azerbaijan Chamber of Auditors, Georgian Federation of Professional Accountants and Auditors sign MoU
17.04.2014 [12:09]
Azerbaijan Chamber of Auditors and the Georgian Federation of Professional Accountants and Auditors (GFPAA) have signed an agreement on Mutual Understanding. Speaking to the signing ceremony, which took place in Baku, Vahid Novruzov, chairman of
 
‘In the summer of this year, the first phase in the construction of a new international seaport should be completed’
16.04.2014 [22:43]
“In the summer of this year, the first phase in the construction of a new international seaport should be completed,” said President Ilham Aliyev in a meeting of the Cabinet of Ministers dedicated to the results of socio-economic
 
Panasonic, Fujitsu in broad agreement to form chip company: sources
16.04.2014 [22:06]
Panasonic Corp and Fujitsu Ltd have reached a basic agreement to form a company this autumn as part of their plan to combine their chip design and development operations, two sources familiar with the matter said on Tuesday. The new company will have be capitalized at 50 billion yen ($490.9 million), with Fujitsu
 
Azerbaijani President: “A new terminal of the Heydar Aliyev International Airport will be put into operation in the coming days”
16.04.2014 [19:17]
“A new terminal of the Heydar Aliyev International Airport will be put into operation in the coming days,” said President Ilham Aliyev in a meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in the first quarter of 2014 and objectives for the future
 
President Ilham Aliyev: Infrastructure projects are and should be implemented according to the program
16.04.2014 [19:00]
“Infrastructure projects are and should be implemented according to the program,” said President Ilham Aliyev in a meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in the first quarter of 2014 and objectives for the future
 
Azerbaijani delegation holds several meetings in Romania
16.04.2014 [18:19]
An Azerbaijani delegation led by Energy Minister Natig Aliyev and SOCAR President Rovnag Abdullayev has visited Bucharest, Romania. The delegation included Vice President of the SOCAR Elshad Nasirov, Adviser to the SOCAR President Murad Heydarov, Deputy Vice President Vitaly Beylerbayov, and
 
9.6 % of total GDP produced in construction sector in Azerbaijan
16.04.2014 [17:25]
Gross Domestic Products in Azerbaijan rose 2.5% to AZN 13.2 bln in January-March, 2014. The State Statistical Committee informs that 48.4% of GDP was formed in industrial spheres, 9.6% in construction companies, 9.1% in trade and paid services, 6.1% in transport, 1.8% in
 
Azerbaijan's industrial output reaches $8.2 bn
16.04.2014 [15:42]
The total volume of industrial production amounted to 8.2 billion manats in Azerbaijan in the first quarter of 2014, the country`s State Statistical Committee has announced. The production volume in the mining industry made 5.9 billion manats with the specific
 
Baku hosts Azerbaijan-Russia business forum
16.04.2014 [12:39]
Baku has hosted an Azerbaijan-Russia business forum. It was organized by Azerbaijan`s Ministry of Economy and Industry and Azerbaijan Export and Investment Promotion Foundation (AZPROMO). The forum was attended by officials and representatives of companies specializing in agriculture, industry, construction, consulting, and tourism
 
President Ilham Aliyev: Azerbaijan maintains CIS leadership for volume of direct foreign investment
15.04.2014 [21:58]
“In general, Azerbaijan has successfully addressed issues related to entrepreneurship. The investment climate in the country is very positive. Azerbaijan maintains CIS leadership for the volume of direct foreign investment,” said President Ilham Aliyev in a meeting of the Cabinet of Ministers dedicated to the results of
 
Oil and gas production increases in Azerbaijan
15.04.2014 [21:29]
Azerbaijan produced 10.56 million tons of oil in the first quarter of 2014 which is 255,000 tons more than the same period in 2013, said Azerbaijan`s Minister of Energy Natig Aliyev. "The country produced about 7.68 billion cubic meters of gas in January-March, which is
 
Azerbaijan sees 2.5% rise in GDP production
15.04.2014 [21:27]
Gross Domestic Products in Azerbaijan rose 2.5% to AZN 13.2 bln in January-March, 2014. The State Statistical Committee informs that 48.4% of GDP was formed in industrial spheres, 9.6% in construction companies, 9.1% in trade and paid services, 6.1% in transport, 1.8% in
 
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