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  • Nabucco not at risk from Russia-Azerbaijan gas deal: Turkey
    BUCHAREST (AFP) Russian Gazprom's recent deal to buy natural gas from Azerbaijan will not endanger Europe's flagship pipeline project Nabucco, Turkey's Foreign Minister Ahmet Davutoglu said here Friday. 'One must not think that these projects will have
  • Polish President Plays Down Azerbaijani-Russian Gas Deal
    President Lech Kaczynski, commenting on the Russian-Azerbaijani gas deal signed a few days ago, said that in view of small quantities involved it is of a symbolic nature. President Kaczynski continued his visit to Azerbaijan today where he discussed,
  • Azercell signs another UK roaming deal
    Azerbaijan's leading cellular operator, Azercell, has put into operation GPRS/MMS roaming services with UK's Orange operator, the company said Tuesday. This is the fourth roaming deal with the United Kingdom. Currently, Azercell subscribers are
  • ? Europe names IBA most stable bank amid crisis
    Productive activity of the International Bank of Azerbaijan (IBA), the country's leading bank, positive dynamics in its financial performance and sustainable development in the conditions of economic stability achieved in the fast-growing South Caucasus
  • President Oversees Polish-Azerbeijani Oil Project
    President Lech Kaczy?ski is starting today a two-day visit to Baku, Azerbeijan, accompanied by representatives of the Polish fuel group Lotos. Lotos and the local oil company Socar will sign, in the presence of the Polish President, a letter of intent
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Azerbaijan - a nation of Turkic Muslims - has been an independent republic since the collapse of the Soviet Union in 1991. Despite a cease-fire, in place since 1994, Azerbaijan has yet to resolve its conflict with Armenia over the Azerbaijani Nagorno-Karabakh enclave (largely Armenian populated). Azerbaijan has lost almost 20% of its territory and must support some 750,000 refugees as a result of the conflict. Corruption is ubiquitous and the promise of wealth from Azerbaijan's undeveloped petroleum resources remains largely unfulfilled.

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