SOFAZ considering properties in Europe and Southeast Asia for investment
24 July 2012 - 8:32pm
May 21 2013 - 16:51
The Georgian, Azerbaijani and Turkish finance ministers are going to meet in Gabala on May 25. The officials are expected to discuss economic cooperation between the three states.
May 18 2013 - 20:35
The Nabucco West consortium will soon sign an agreement with the Shah Deniz consortium.
May 17 2013 - 18:47
The Sumgait power station in Azerbaijan has been reconstructed, the press service of the Azerernergy company says.
May 17 2013 - 17:12
The Safe Life public corporation has improved the security system of the Mingachevir hydropower plant in Azerbaijan. The project has been conducted with the help of new technologies.
May 17 2013 - 14:08
President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev will propose reversing the Baku-Novorossiysk Pipeline. Transneft (Russia) said that oil transfer through the pipeline will continue, despite expiration of the deal on transit of Azerbaijani oil.
May 16 2013 - 16:14
Nabucco West has received strong interest from a variety of shippers following launch of the open season registration phase, Nabucco Gas Pipeline International GmbH reported on Thursday."A week after the launch of the registration phase of the Open Season, shipper interest in registration and capacity booking in the Nabucco West pipeline has already exceeded expectations," Trend quotes the report.According to the report, Nabucco has received interest from a variety of shippers, including potential shippers that are not part of Nabucco, the consortium of Azerbaijan's
May 16 2013 - 14:59
Turkey's flagship air carrier Turkish Airlines, which previously refused to pay commission to Azerbaijani travel companies, has decided on how it will cooperate with these companies.Turkish Airlines will apply a bonus system to Azerbaijani tourism companies, Trend quotes the head of the Tourism Association of Azerbaijan (AzTA) Nahid Baghirov.According to him, Turkish Airlines was paying commission to Azerbaijani tourism companies.
May 16 2013 - 12:31
The Azerbaijani Central Bank and Tax Ministry have prepared a package of proposals to stimulate cashless payments.Deputy Chairman of the board of the bank Alim Guliyev said that wages to staff should be paid using plastic cards. VAT will be scrapped for cashless payments. The goal is to minimize cash payments and boost electronic payment systems, improve access of business and society to electronic services. Foreign experience will be studied for the matter.