ECONOMY

An 81.3-kilometer section of the Ahmadbayli-Fuzuli-Shusha highway has been designated as a toll road. According to “Elchi”, the Cabinet of Ministers has made a decision on this matter. According to the decision, an 81.3-kilometer section of the 81.7-kilometer Ahmadbayli–Fuzuli–Shusha highway has been designated as a toll road. The start and end points of the toll […]

Changes to the “Rules in the field of compulsory insurance of civil liability of motor vehicle owners” have been approved. Regarding this, “Elchi” reports citing the Central Bank of Azerbaijan. According to the information, insurance premiums for compulsory motor insurance are determined by applying coefficients based on risk factors covering the likelihood of causing damage […]

Today, there will be a power outage in Jalilabad. According to information provided by “Azerishig” OJSC to “Elchi”, repair works will be carried out on the 35 kV “Goytapa” overhead power line originating from the 35/10 kV “Jalilabad” substation in the area of Jalilabad Electric Network (EN). In this regard, from 11:00 to 13:00, there […]

The price of Azerbaijani “Azeri Light” (CIF) crude oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 10.89 US dollars or 8.3%, reaching 141.68 US dollars. It should be noted that the previous price of Azerbaijani oil was 130.79 US dollars. It is worth recalling […]

The value of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the value of June 2026 gold futures per troy ounce decreased by 2.77% to 4,679.7 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on April 3, the US dollar exchange rate remained unchanged at 1.7000 manats. The Turkish Lira depreciated to 0.0381 manats, and the Euro’s price fell to 1.9608 manats. Meanwhile, 100 Russian Rubles appreciated to 2.1123 manats. Currency Code Rate 1 US […]

12 million 562 thousand 673 manats have been allocated for the construction of water supply, wastewater network, and facilities in Zar and Zallar villages of Kalbajar. “Elchi” reports that the Directorate of Objects Under Construction has announced two open tenders regarding this. The estimated cost of the tender for Zar village is 7 million 181 […]

Azerbaijan’s National Standard Time – UTC (AZ) is displayed in the ‘Clock Tower’ located in the Seaside National Park area. This was reported to “Elchi” by the State Agency for Antimonopoly and Consumer Market Control. In this regard, an informational stand has also been installed near the aforementioned tower to educate visitors. It should be […]

World central banks bought 19 tons of gold in February 2026. “Elchi” reports that the World Gold Council (WGC) released information on this. The organization’s report noted that central banks continued to increase their gold reserves in February. Although this dynamic indicates a revival after the stagnation in January, the indicator still remains below the […]

The money supply in Azerbaijan amounted to 23 billion 765 million manats as of April 1 this year. “Elchi” reports this citing the Central Bank of Azerbaijan. According to the data, the money supply increased by 4.2% in the last month. Year-on-year, the money supply increased by 10.5%.