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Monthly Archives: June 2014

AZERBAIJAN&CENTRAL ASIA HEALTHCARE SUMMIT KICKS OFF IN BAKU

A two-day Azerbaijan and Central Asia Healthcare Summit 2014 started in Baku on June 23. The summit brings together key industry professionals from Azerbaijan and the Central Asia region with the aim to discuss the latest developments in the region’s healthcare market. The governments of Azerbaijan and Central Asia countries …

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RUSSIA INVITES AZERBAIJANI BANKS TO ITS MARKET

Russia invites Azerbaijani banks to operate on its territory, Deputy Chairman of the State Duma’s Financial Markets Committee Dmitry Saveliev said at a roundtable during the 5th Azerbaijani-Russian interregional forum held in Gabala on June 23-24. “We are ready to provide full support for Azerbaijani banks’ entering the Russian market,” …

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SOCAR COMMISSIONS NEW FILLING STATION IN UKRAINE

Azerbaijan’s state energy company SOCAR has commissioned a new filling station in Ukrainian Rivne region. This is the second premium class station in the Rivne region and the eleventh in the Western Ukraine, SOCAR reported on June 20. The petroleum products produced at the advanced refineries in Poland and Lithuania, …

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AZERBAIJAN KEEPS POSITION IN GEORGIA’S TRADE SECTOR

Azerbaijan remains the second largest foreign trade partner of Georgia, as the trade turnover between the two countries was $489 million in January-May, 2014, Georgia’s National Statistics Office reported. Azerbaijan is the largest export market for Georgia and accounts for 20.5 percent of Georgia’s total export volume. Georgia exported some …

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SOCAR OPENS NEW WELL IN CASPIAN SEA

Azerbaijan’s state energy company has commissioned a new well at the shallow-water part of the Guneshli field. The company reported that the well, located on the “Gunashli-13” platform was included in the operational fund with daily debit of 85 tonnes of oil. “Guneshli” plays an important role in the oil …

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PALMALI LAUNCHES NEW TANKER

The Palmali Group of Companies launched the Majid Aslanov tanker on June 19. The tanker of the RST22M project with a load-carrying capacity of 7,000 tons was launched in a shipyard in Turkish Tuzla city, Trend Agency reported. The tanker was named after the grandfather of Head of the Palmali …

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AZERBAIJAN GRANTS PREFERENTIAL LOANS TO IDP-ENTREPRENEURS

The National Fund for Entrepreneurship Support under Azerbaijan’s Economic Development Ministry has granted preferential loans worth 414,500 manats to 43 entrepreneurs from Jabrayil and Bilasuvar regions. A credit fair was held on June 19 during a business forum with the participation of about 100 entrepreneurs in the settlement No. 4 …

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EBRD, KYRGYZSTAN TO MULL BANK’S UPCOMING STRATEGY FOR COUNTRY

The European Bank for Reconstruction and Development (EBRD) and the Kyrgyz government will discuss the upcoming EBRD strategy for the country. The discussions will be held during First Vice President of the EBRD Phil Bennett’s visit Kyrgyz capital Bishkek on June 29. During his first visit to the country Phil …

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UKRAINE ASKS FOR ‘BIG GAS REVERSE’ FROM SLOVAKIA

Ukraine Energy Minister Yury Prodan says the EU has been asked to start pumping 30 billion cubic meters of gas using reverse flow from Slovakia. Russia has cut supplies to Ukraine until it pays its gas bill; meanwhile Kiev is seeing alternate supplies. “We have signed a memorandum which stipulates …

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US BUSINESS TO RUN ADS AGAINST RUSSIAN SANCTIONS

Two top US business lobbies plan to run newspaper adverts warning that more Russian sanctions risk harming US workers and businesses. The trade associations warn that economic sanctions will translate into huge damages from lost trade with Russia. The adverts will be published in the New York Times, Wall Street …

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AUSTRIA AND RUSSIA SIGN SOUTH STREAM GAS PIPELINE TREATY

Russia and Austria have agreed on a joint company to construct the Austrian arm of the $45 billion South Stream gas pipeline project, which is expected to deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine. At Tuesday’s meeting in Vienna, the creation of South Stream …

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