Baku Declaration has been adopted on the outcomes of the 12th Summit of the Economic Cooperation Organization (ECO), APA reports. ECO awards were presented following the adoption of the document.
ECO awards for scientific studies were presented to 24 persons from 8 countries.
According to the agreement, the next summit of the Economic Cooperation Organization will be held in Pakistan in 2013. Addressing the closing ceremony of the summit, President Ilham Aliyev expressed his confidence that ECO would further develop.

“Our organization deals with economic issues, but economic issues should not be separated from the geostrategic issues. Our common efforts will lead to common achievements. We cannot be independent without strong economy,” he said.
President said Azerbaijan would make its contributions to improving the organization in the coming years.
The 12th Summit of the Economic Cooperation Organization has ended.

President of Azerbaijan Ilham Aliyev met with President of Iran Mahmoud Ahmadinejad, APA reports. The sides underlined the importance of the 12th summit of the Economic Cooperation Organization, expressed their confidence that the event would contribute to enhancing the cooperation. The heads of state expressed their satisfaction with the development of political, economic, cultural relations between Azerbaijan and Iran, underlined that there was good potential to enhance relations in economy, trade, energy, transport and other spheres. Davamı →

The EU sanction against gas export from Iran will not influence the world market much. This information was featured in the report by EIA, APA reports quoting Fars News Agency. Davamı →

The meeting of the Cabinet of Ministers on the outcomes of socio-economic development over the past 9 months of 2012 and forthcoming tasks was held under the chairmanship of President Ilham Aliyev, APA reports quoting AzTV. While speaking on the outcomes of socio-economic development, President said the economy of Azerbaijan had increased by 1.1%, non-oil sector- by 10.3 %. $16 bln. was invested in the economy of the country over the past 9 months. 70 % of those investments are domestic. Since the beginning of the current year the strategic currency stocks have risen by $5 bln and reached $45 bln. Davamı →

“More than 200 buildings were constructed in Baku without following the norms”

“Anti-seismic measures had not been taken, nor seismic resistance had been taken into consideration in the buildings constructed in Azerbaijan before 1967”, Deputy Prime Minister Abid Sharifov told journalists, APA reports. Davamı →