News.Az - Latest news from Azerbaijan

Fitch confirms BBB- rate for SOCAR Eurobonds

09.02.2012 14:57 GMT

Fitch Ratings has assigned a final senior unsecured rating of "BBB-" to to Azerbaijani State Oil Company's debut USD notes (Eurobonds).

Frostbite kills two in Baku with snow forecast for Saturday

09.02.2012 13:50 GMT

Two people have died of frostbite in Baku as the current cold snap continues.

Retail sale of consumer goods tops AZN1bn

09.02.2012 12:59 GMT

In January 2012, the retail trade network sold consumer products worth AZN1.4bn or 9.4% more to citizens compared to January 2011.

Top rate of income tax may fall

09.02.2012 11:33 GMT

The top rate of income tax for individuals in Azerbaijan, which is currently 30%, may be reviewed, the tax minister has said.

SOFAZ assets reach $30 bn

09.02.2012 08:44 GMT

The State Oil Fund of Azerbaijan (SOFAZ) had assets of $29.8bn as of 1 January 2012, 30.9 % up on 1 January 2011, when they were $22,766.8m.

Dates set for Azerbaijan's WTO, EU visa talks

09.02.2012 08:04 GMT

Azerbaijan's talks on easing the visa regime with the EU will be held on 1-2 March, while talks on WTO accession will be held on 20-24 February.

Gas flow from Azerbaijan to Turkey to resume

09.02.2012 06:22 GMT

Technical failure fixed, gas flow from Azerbaijan to resume.

Frost 'good for agriculture'

09.02.2012 06:20 GMT

Azerbaijan's Minister of Agriculture Ismet Abbasov believes that frosty weather conditions have a positive impact on agriculture, especially on grain crops.

SOCAR`s Kulevi named terminal with best infrastructure

09.02.2012 05:54 GMT

Kulevi oil terminal has received award.

Fitch affirms Kapital Bank at 'B+'

08.02.2012 06:54 GMT

Global rating agency, Fitch Ratings, has affirmed the Long-term foreign currency Issuer Default Rating (IDR) of Kapital Bank at 'B+' with a Stable Outlook.

Technical hitch caused flow of natural gas from Azerbaijan to Turkey to stop

08.02.2012 06:46 GMT