SOFAZ Supervisory Board holds next meeting
24.04.2014 [23:05]
A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on April 24. The meeting, chaired by Prime Minister of Azerbaijan and Chairman of the Supervisory Board Artur Rasizadeh, discussed the Fund's annual report and audited financial statements
Azerbaijan, Netherlands discuss economic relations
24.04.2014 [19:29]
Azerbaijani Minister of Economy and Industry Shahin Mustafayev has met a delegation led by Member of the Senate of the Kingdom of the Netherlands Rene van der Linden. Mustafayev said that bilateral political and economic ties between the two countries had
Netherlands to become net gas importer in 10 years
24.04.2014 [19:19]
Europe’s second largest gas producer, the Netherlands, could shift from exporter to importer within a decade, says the International Energy Agency (IEA). The study suggests seeking alternative energy sources in nuclear, unconventional
Baku Shipyard to build a subsea construction vessel for Stage 2
24.04.2014 [17:04]
BP on behalf of the Shah Deniz consortium has signed a contract with Baku Shipyard worth $378 million to design and build a Subsea Construction Vessel (SCV). On behalf of BP the contract was signed by Gordon Birrell, BP’s Regional President for Azerbaijan, Georgia and Turkey
Azerbaijan, Spain discuss prospects for cooperation
24.04.2014 [17:00]
Azerbaijani Minister of Economy and Industry has today met a delegation led by Minister of Foreign Affairs and Cooperation of the Kingdom of Spain Jose Manuel Garcia-Margallo to discuss prospects for cooperation between the two
Azerbaijani energy minister: Caspian region`s hydrocarbon reserves to double by 2035
24.04.2014 [13:24]
“Hydrocarbon reserves of the Caspian region will double by 2035 taking into account the new potential deposits, according to the forecasts,” Azerbaijani energy minister Natig Aliyev has said
International conference on development of women entrepreneurship starts in Baku
24.04.2014 [13:19]
An international conference on development of women entrepreneurship has kicked off in Baku. The conference is organized by the Azerbaijan State Committee for Family, Women and Children`s Problems under the United Nations Special Programme for the Economies of Central Asia
IBA, Berkeley Group launch new project
24.04.2014 [13:09]
The International Bank of Azerbaijan and the Berkeley Group Holdings have embarked on a new project that would allow VIP customers of the bank buy property in London. Alexandra Stack, Sales Manager at Berkeley International, said the IBA customers could purchase flats in London through both in-cash payments and mortgage loans
Oil prices down in world markets
24.04.2014 [12:25]
The price of oil has fallen in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.31 to stand at $101.44. Price of British Brent crude at the London ICE (InterContinental Exchange Futures) has
Azerbaijani, Spanish businessmen come together in Baku
24.04.2014 [12:17]
An Azerbaijani-Spanish business forum has started in Baku. Organized by the Azerbaijani export and investment promotion foundation, AZPROMO, the event brings together businessmen from a wide range of fields of economy. Speaking to the forum, economy and industry minister Shahin Mustafayev said Azerbaijan placed particular emphasis on the...
Japanese company to assist Azerbaijan in establishing steel production complex
24.04.2014 [12:00]
A Japanese company will provide consulting services to Azerbaijan to assist the country in establishing a steel production complex as the sides signed a relevant agreement. The deal was inked by Azerbaijan`s Ministry of Economy and Industry and Marubeni Corporation
Oil prices fall in world markets
23.04.2014 [22:50]
Oil prices have fallen in the world markets, with the US Light crude sinking to $101.75 a barrel and British Brent crude hitting $109.27. A barrel of Azeri Light crude oil decreased $0.32 to stand at $111.85, the Department of
Azerbaijan climbs 7 spots in WEF Global Information Technology Report, outclasses CIS countries
23.04.2014 [20:55]
The World Economic Forum has released the Global Information Technology Report 2014, in which Azerbaijan outclassed countries of the Commonwealth of Independent States
The Contract of the Century ‘introduced’ Azerbaijan to the world as a reliable partner
23.04.2014 [20:25]
“The Contract of the Century has introduced Azerbaijan to the world as a reliable partner,” said vice president of the country`s state oil firm, SOCAR, Khoshbakht Yusifzade. “Signed as a result of national leader Heydar Aliyev`s oil strategy in 1994, the Contract of
Infosys Europe revenue crosses $2 billion for first time
23.04.2014 [19:48]
Country's second largest IT firm Infosys has crossed the $ two billion revenue mark in Europe for the first time, driven by strong demand for consulting and system integration (CSI) services. The Bangalore-based firm, which reported revenues of $ 8.24 billion for the year ended
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