ECONOMY

NEWS

Trains will operate on a weekend schedule on March 7-9

— ECONOMY
The confirmation of non-working days due to March 8 – International Women’s Day has affected the train schedule. “Elchi” reports that due to March 8 falling on a Sunday, March 9, Monday, has been declared a non-working day. Therefore, on March 7, 8, and 9, trains on the Baku-Pirshagi-Sumgayit-Baku and Baku-Khirdalan-Baku routes will operate according […]
NEWS

Price of Azerbaijani oil exceeded 86 dollars

— ECONOMY
Azerbaijani oil of “Azeri Light” (CIF) brand has risen in price in world markets. “Elchi” reports that the price of Azerbaijani oil per barrel increased by 6.56 US dollars or 8.2%, reaching 86.16 US dollars. It should be noted that the previous price of Azerbaijani oil was 79.6 US dollars. It is worth recalling that […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to information from “Elchi”, on March 3, the exchange rate of the US dollar remained unchanged at 1.7000 manats. In turn, 100 Russian rubles depreciated to 2.1920 manats, the euro to 1.9706 manats, and the Turkish lira to 0.0386 manats.  
NEWS

Gold trades below $5,200 in commodity markets

— ECONOMY
The price of gold futures for one troy ounce (31.1 grams) has increased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 futures for one troy ounce of gold increased by 0.81%, reaching 5,165.34 US dollars. On COMEX, the price of May 2026 futures […]
NEWS

World Bank: Azerbaijan’s energy future will depend on grid and market reforms

— ECONOMY
Azerbaijan’s energy future will depend on decisions made regarding grid, energy storage systems, and market integration in the coming years. “Elchi” reports that Stefanie Stallmeister, World Bank Country Manager for Azerbaijan, stated this at the meeting of the Green Energy Advisory Council. Stefanie Stallmeister noted that there is a strong synergy between the Black Sea […]
NEWS

Revenues from information and communication sector in Karabakh and East Zangezur disclosed

— ECONOMY
Last year, the total value of information and communication services provided in the Karabakh and East Zangezur economic regions amounted to 7 million 281 thousand 800 manats. “Elchi” reports this, citing the State Statistical Committee. According to the information, this is 2.7% less compared to 2024. In 2025, services worth 6 million 945 thousand 900 […]
NEWS

Additional train services scheduled on Baku-Gazakh-Baku route – SCHEDULE

— ECONOMY
“Azerbaijan Railways” CJSC (ADY) has scheduled additional train services on the Baku-Gazakh-Baku route to meet passenger demand during the upcoming holiday season. According to information provided by ADY to “Elchi”, trips will be organized in both directions on March 20, 22, 29, and 30. “Tickets can be purchased from railway ticket offices, our website, or […]
NEWS

Gold prices rise, silver prices fall in commodity markets

— ECONOMY
In commodity markets, the price of gold futures per troy ounce (31.1 grams) has increased. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 gold futures per troy ounce increased by 0.5% to 5,336.94 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]
NEWS

Azerbaijani oil price approaches $80

— ECONOMY
The price of Azerbaijani oil brand “Azeri Light” (CIF) has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 6.85 US dollars or 9.4%, reaching 79.6 US dollars. It should be noted that the previous price of Azerbaijani oil was 72.75 US dollars. It is worth recalling […]
NEWS

Natural Gas Prices Rise on New York Exchange

— ECONOMY
The price of natural gas futures quotes on the New York Mercantile Exchange (NYMEX) has increased. “Elchi” reports that the price of natural gas futures for delivery in April 2026 increased by 2.33% to 3.03 US dollars per 1 million BTU (British thermal unit).