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Last week review (Jan.19-23)

Analysis Materials 27 January 2015 10:57 (UTC +04:00)

Jan. 20

New gold deposits discovered in Azerbaijan

New gold deposits were discovered in Azerbaijan, the Ecology and Natural Resources Minister of Azerbaijan Huseyngulu Bagirov said.
He said that at present a corresponding work is underway for gold production at two fields.
"Aside from that, a few more gold deposits have been found. At present, calculations are underway with regard to these fields. Deposits were found mainly in the northwest of the Lesser Caucasus," the minister added.

Jan. 22

President Aliyev meets European Commission Vice-President for Energy Union in Davos

President of the Republic of Azerbaijan Ilham Aliyev has met European Commission Vice-President for Energy Union Maros Sefcovic in Davos.

The parties emphasized the successful cooperation between Azerbaijan and the European Union in various areas, including in the field of energy. The sides stressed the importance of the increasing role of Azerbaijan in ensuring the energy security of Europe and significance of the Southern Gas Corridor in this regard.

The parties discussed the issues related to the first meeting of the advisory council for the Southern Gas Corridor to be held in Baku, and exchanged views on the current state and prospects of cooperation.

Azerbaijani president meets with Sberbank CEO

President of the Republic of Azerbaijan Ilham Aliyev has met CEO of Sberbank of Russia Herman Gref in Davos.
Gref said development processes in Azerbaijan are watched with great interest, and added that the country enjoyed successful cooperation with relevant financial and banking institutions.
President Ilham Aliyev in turn highlighted the ongoing economic development processes in Azerbaijan, saying the country is carrying our important reforms in the banking, financial and energy systems, and pursuing successful policy in the field of investment. The parties discussed cooperation prospects.

Azerbaijani president meets with CEO of Airbus Group International in Davos

President of the Republic of Azerbaijan Ilham Aliyev has met CEO of the Airbus Group International Jean-Pierre Talamoni in Davos.

The parties exchanged views on the current state and prospects of cooperation between Azerbaijan and France in the field of space industry.

The sides also discussed the issues related to the expansion of cooperation between Azerbaijan Airlines CJSC and Airbus Group International.

President Aliyev meets chairman of Dutch Damen Shipyards Group

President of the Republic of Azerbaijan Ilham Aliyev has met Chairman of Dutch Damen Shipyards Group Kommer Damen in Davos.

It was noted that fruitful cooperation had already begun between Damen Shipyards Group and relevant bodies in Azerbaijan.

Kommer Damen expressed his company's interest in the production of military, civilian and service ships in Azerbaijan. The parties exchanged views on cooperation prospects.

President Ilham Aliyev met the BP Group Chief Executive

President of the Republic of Azerbaijan Ilham Aliyev has met BP Group Chief Executive Robert Dudley in Davos.

During the meeting, the importance of the Southern Gas Corridor in ensuring the European energy security and Azerbaijan`s role in this area were highly appreciated.

The parties expressed confidence that successful cooperation between BP and Azerbaijan would be continued.

President Ilham Aliyev meets Georgian PM

President of the Republic of Azerbaijan Ilham Aliyev met Georgian Prime Minister Irakli Garibashvili in Davos.

The parties expressed satisfaction with the successful development of the bilateral ties in various areas, including political, economic and energy spheres. The importance of global energy projects implemented by the two countries was emphasized.

The sides noted that there are good opportunities for expanding Azerbaijani-Georgian economic cooperation, and discussed the bilateral ties and other matters of mutual interest.

Jan. 23

IBA, Sberbank of Russia sign memorandum of understanding and cooperation agreement

At the World Economic Forum Annual Meeting in Davos, the International Bank of Azerbaijan (IBA) and Sberbank of Russia and have signed a memorandum of understanding and cooperation agreement.

The document was signed by Jahangir Hajiyev, Chairman of the Board of IBA and Herman Gref, Chief Executive Officer and Chairman of the Board of Sberbank of Russia.

The areas of cooperation specified in the memorandum include participation of the parties in the co-financing of investment projects; the organization of trade financing in the Republic of Azerbaijan and Russia, as well as in third countries, where subsidiaries and branches of the parties are located, and; cooperation in the financial markets.

President Ilham Aliyev met the CEO of Gaz de France Suez

President of the Republic of Azerbaijan Ilham Aliyev has met Chief Executive Officer of Gaz de France Suez Jean-Louis Chaussade.

The issues related to the future cooperation between Gaz de France Suez and relevant authorities of Azerbaijan were discussed at the meeting.

During the conversation, the parties also exchanged views over cooperation in the fields of providing people of Baku and other regions of the country with drinking pure water meeting standards of the World Health Organization, cleaning oil polluted territories in Absheron peninsula, extraction of gas from Shah Deniz field and other areas.

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