European Commission grants legislation exemptions for TAP and Nabucco West

European Commission grants legislation exemptions for TAP and Nabucco West The European Commission adopted a formal decision granting the exemptions from the European Union (EU) legislation for the Trans Adriatic Pipeline (TAP) and the Nabucco West projects, the EU Delegation to Azerbaijan said on Friday. This decision appears as an extension of the existing exemption on the third party access and tariff regulation earlier granted. Nabucco West is a short-cut version of the Nabucco... Read More

EBRD Annual Meeting to Start in İstanbul

EBRD Annual Meeting to Start in İstanbul CESD Chairman will attend the EBRD Meeting European Bank for Reconstruction and Development (EBRD) will organize its next annual meeting on May 09-12, 2013 in Istanbul, Turkey. Vugar Bayramov, Chairman ofCESD, will attend the annual meeting in Istanbul. The vitality and industriousness of the city are the perfect backdrop for the EBRD Business Forum – a platform for exchanging views and, no less importantly, an opportunity to forge business,... Read More

Issue of credit cards in Azerbaijan reached its absolute peak

Issue of credit cards in Azerbaijan reached its absolute peak Credit cards become the main driver for the development of the Azerbaijani market of payment cards: in the 1st quarter alone the number of active credit cards increased by 28.7% compared to the overall growth of the market over the same period of 2012 by 3.3%. According to statistics, issue of credit cards has been growing by faster pace since 2012. If following 2012 there were 408,000 active cards, in January their... Read More