Second round of visa negotiations between EU and Azerbaijan Taken Place in Brussels

Second round of visa negotiations between EU and Azerbaijan Taken Place in Brussels Second round of visa negotiations between EU and Azerbaijan has been holding in Geneva, Belgium on May 31st-June 1st, 2012.  The visa facilitation and readmission negotiations follow the political commitment taken at the Prague Eastern Partnership Summit in May 2009 regarding the improvement of people-to-people contacts. The Visa Facilitation and Readmission Agreements Negotiations were conducted... Read More

Azerbaijan revises oil prices forecast in 2012-state budget

Azerbaijan revises oil prices forecast in 2012-state budget Rising oil prices on world markets contributes to increase in the income of the State Oil Fund of Azerbaijan (SOFAZ) additionally by 3.625 billion manat, which will increase incomes of the consolidated budget for 2012 by 19.9 percent, Azerbaijani Finance Minister Samir Sharifov said on Saturday at the meeting of the Parliamentary Committee on economic policy during the debate of the bill on amendments to the state budget... Read More

Oil keeps dominant position in Azeri export as 92% of total export

Oil keeps dominant position in Azeri export as 92% of total export Oil and oil products made 92,0 % of Azerbaijan’s export by results of January-April, 2012.According to sources in the State Customs Committee, in the reporting period, crude oil made 86,29 % of Azerbaijan’s export and oil products made 5,0 %. According to the State Committee reports, oil and oil products made 92,0 % of Azerbaijan’s export in 2011, too. “Only 8 % of export is non-oil products”- CESD stated.... Read More

Nabucco consortium to make final decision on Shah Deniz project this summer

Nabucco consortium to make final decision on Shah Deniz project this summer Nabucco consortium spread information on the current situation connected with the transportation of Azeri gas to Europe. Nabucco consortium presented proposal for the basic version of the pipeline to Shah Deniz-II consortium in September, 2011. And an updated version on Nabucco West has been submitted in May, 2012, APAreports. Shareholders of Nabucco and Shah Deniz participants are currently negotiating... Read More

Azerbaijan’s key oil producer cuts daily oil output

Azerbaijan’s key oil producer cuts daily oil output In the 1st quarter of 2012 the BP–led consortium Azerbaijan International Operation Company (AIOC) decreased oil production from contract field block Azeri-Chirag-Gunashli in the Azerbaijani sector of the Caspian Sea by 0.8% compared to the 2011 average level. BP Azerbaijan informs that over the past quarter of 2012 the block produced on average 711,800 bpd against 717,600 bpd on average for 2011. For the 1st half of 2011... Read More

Remittance from Russian to Azerbaijan Increased

Remittance from Russian to Azerbaijan Increased CESD: Amount of remittance was about $ 2 billion in 2011 The volume of individual money transfers from Russia and Azerbaijan made $955m in 2011. According to the Central Bank of Russia reports that the volume of individual transfers from Russia to CIS countries in 2011 reached $16.7bn which is 24% more than in 2010 ($13.5bn). Uzbekistan with $4.9bn (28% growth) has become a leader for the volume of transfers of funds from Russia... Read More

State Budget Ammended in Azerbaijan

State Budget Ammended in Azerbaijan Finance Ministry told APA that incomes and expenses of state budget will be increased by AZN 600m, incomes will be raised up to AZN 17,038m, expenses – AZN 17,672m. Extra revenues to the state budget are expected to provide by means of additional tax revenues on oil and non-oil sector of economy. An appropriate draft law related to amendments in the state budget-2012 of Azerbaijan has been submitted by the President Ilham Aliyev to the Parliament. Main... Read More

“Effective Ways to Tackle Corruption: What Makes a Difference?”

“Effective Ways to Tackle Corruption: What Makes a Difference?” “Effective Ways to Tackle Corruption: What Makes a Difference?” workshop held by Partnership for Transparency on May 21st-24th, in Berlin, Germany. The workshop focuses on effective ways on fighting with corruption in Central and Eastern Europe. The theme of the workshop will be on cross-border lessons learned in the field of procurement and education. Vugar Bayramov, chairman of CESD, presented how effectively... Read More

Oil Output fell by 7,0 % in Azerbaijan

Oil Output fell by 7,0 % in Azerbaijan Azerbaijan Produced 14,8 million ton oil and 6,0 billion cubic meters gas in the first four months of 2012. According to the State Statistical Committee 15,9 million ton and 8,4 billion cubic meters gas produce in the same period of 2011. Oil output decreased 7,0 % in the first month of 2012, meanwhile the production in mining sphere of industry in January-April decreased by 5.3% compared to the same period of the last year. Oil production... Read More

Effective Ways to Tackle Corruption: What Makes a Difference?

Effective Ways to Tackle Corruption: What Makes a Difference? Partnership for Transparency is holding “Effective Ways to Tackle Corruption: What Makes a Difference?” workshop on May 21st-23rd, in Berlin, Germany. The workshop focuses on effective ways on fighting with corruption in Central and Eastern Europe. The theme of the workshop will be on cross-border lessons learned in the field of procurement and education. Vugar Bayramov, chairman of CESD, attends the workshop as... Read More