Economics - 2012
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Asian Development Bank (ADB) is providing $ 200 million for the construction of a 39-kilometer stretch of the highway Masalli-Astara (southern Azerbaijan), according to a press release from the Baku...
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Preparing for a program of medium-and long-term development of alternative energy in Azerbaijan is almost complete.According to the head of state company on alternative and renewable energy Akim Bada...
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The Investment Corporation Accord Senaye Tikinti largely serves the needs of Azerbaijan in cement.This became known during the meeting of its representatives with the leadership of the Turkish indust...
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Azerbaijan Deposit Insurance Fund (ADIF) plans within 14 days to completethe payment of compensation to depositors of bankrupt RoyalBank. This was announced at a press conference, Foundation Executi...
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The prices at the world oil markets are in favor of plans of State Oil Company of Azerbaijan (SOCAR). During five months in 2012 average oil price was slightly higher than $118 per barrel. This is a...
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World economy has not stabilized yet and cannot reach growth. There are many pre-crisis expectations. Reduction of oil prices in the past months did not cause total and sharp reduction of exchange ra...
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Azerigas, gas transportation and distribution company of SOCAR, confirmed that it has signed a contract with Global Services LLC.A source from the company told Turan that results of the tender were s...
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In September 2012 State Oil Fund of Azerbaijan Republic (SOFAR) plans to start buying shares of various foreign companies, which part part of Morgan Staneley Capital International World (MSCI) Worl...
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Gerhard Roys, head of the Austrian concern OMV, expects gas suppliers of the Nabucco-West to buy a share in the project, Dow Jones Newswires said on July 27 referring to Der Standard newspaper."I exp...
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The State Supervision Service of Technical Regulation and Standardization has banned the production and sale of the Muasir Gencler beer (Modern Youth), named in honor of the eponymous company with li...
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Ministry of Economic Development has fined a company ABC-Telecom", is engaged in the sale of mobile phones. The amount of financial sanctions against the offending entity is 3.7 thousand manats.As th...
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Baku administrative decision of the Economic Court No. 1 of "Birlik Bank" is declared bankrupt and started the process of bankruptcy.Appointed liquidator of the bank is PR VAM International Audit Con...
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This year 100 students will start studying at the Baku Oil School, which belongs to SOCAR. Eltar Gasymov, Oil School rector, said that they will major in oil and gas engineering and chemical engineer...
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Nobody will be able to answer this question today. But on December 29, 2009 at the ceremony of the tenth jubilee of the State Oil Fund at Heydar Aliyev avenue foundation of the new office of the Fund...
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During 6 months, 2012 Azerbaijan exported a total of 726,408,027 tons of oil products.According to the Azerbaijan State Customs Committee, during this period the country's incomes from oil products e...
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The Ministry of Labor and Social Protection of Azerbaijan has successfully applied the centralized system for granting targeted social assistance (TSA) by means of plastic cards in the six pilot area...















