Economics - 2010
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The August monitoring of the building material market proved that several of these materials became more expensive against the previous month. The surplus was +12% for wood, +5.5% for wooden shee...
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SOCAR Petroleum will set up three gas stations under the SOCAR brand in Azerbaijan on these days. They will be located, respectively, on the Baku-Airport, Baku-Sumgayit and Baku-Salyan highways....
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SOCAR exported 1,475,976 tons of oil via Russia (through the Baku-Novorossiysk pipeline) in January-August 2010. This was 239,332 tons less than in the same period of 2009. The decrease resulted...
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The State Oil Fund (SOFAZ) has selected Ernst & Young as an external auditor for the financial activity in 2010-2012. The bidding also included PricewaterhouseCoopers and Deloitte as competitors....
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A mandate letter was signed yesterday by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), IFC - a member of the World Bank Group -, the shareholder...
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Russian experts believe the increase in acquiring Azerbaijani gas by Gazprom will create serious competition with alternative ways of its export. The General Director of Russia"s National En...
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The International Bank of Azerbaijan (IBA) and Sberbank from Russia have agreed to co-finance the trade relations between Azerbaijan and Russia and various production projects. The memorandum on...
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The EBRD and the Japanese Bank for International Cooperation (JBIC) will make joint efforts for the economic and social development in Central and Eastern Europe, Russia, and the Caucasus. Energy...
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Ekol JSC (SOCAR"s ecological enterprise) has begun to clean the oil-polluted areas of Siyazanneft Oil/Gas Extraction Department 100 km to the north of Baku. They treat the wastes and conduct the...
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AZN 750 million (almost $1 billion) will be spent to supply Baku with water from the Oguz district"s mountainous sources. The pipeline"s rate will come to 5 m3 per second. The project has become...
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Several areas in Baku will be restored soon. Schemes and concepts will be worked out for this. A group of Azerbaijani young architects headed by the British specialist, Zeki Giyasi, from McBains...
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`SOCAR will install smart-card gas meters at some of its customers in 2010. The meters will require advance payment,` SOCAR"s President, Rovnag Abdullayev, stated. SOCAR has 1.2 million of g...
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The prices of foods rose by 4% on average last month. The surplus was +8.3% for beef, +5% for flour, +9% for butter, +10% for corn oil, +9% for rice, +60% for persimmons, +8% for raisins, and +15...
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An extra agreement on the export/import of Azerbaijani gas will be signed during the working visit of Russia"s President, Dmitry Medvedev, to Azerbaijan today. The Russian President"s assistant,...
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Respublika Invest headed the ranking list of the state securities market"s brokers (except REPO transactions) in August 2010. It served one customer at AZN 13.94 million. BOB Broker Ltd was N2, s...
