ECONOMY

The price of Azerbaijani oil has increased in the world market. “Elchi” reports that the price of a barrel of “Azeri Light” Azerbaijani oil has increased by 1.29 US dollars, or 1.07%, reaching 122.37 US dollars. Previously, Azerbaijani oil was traded at 121.08 US dollars. It should be noted that the average price of a […]

A sharp rise has been recorded in the cryptocurrency market over the last 24 hours. “Elchi” reports that on the “CoinMarketCap” platform, Bitcoin has increased by 4.97% over the last 24 hours, rising to $81,045.75. Ethereum rose by 6.15% to $2,619.97, BNB increased by 1.84% to $763.59, and Zcash rose by 3.37% to $1,534.36. A […]

Azerbaijan Airlines (AZAL), one of the AZCON Holding companies, has been named the “Best Regional Airline in Central Asia and the CIS” at the 2026 World Airline Awards. The ceremony, organized by the international air transport rating organization Skytrax, was held on September 18, 2026, at The Langham hotel in London. According to information provided […]

A total of 20 million 313 thousand 491.14 manats has been allocated for the construction of 3 secondary schools in Azerbaijan. elchi reports that in this regard, the Department of Economic-Accountable Capital Construction and Supply of the Ministry of Education has announced three open tenders. The estimated price for the tender for the construction of […]

“Every security has an obligation, and the obligation stipulated therein exists. When that obligation is fulfilled, the obligation under the security also ends.” elchi reports that Deputy Minister of Agriculture Ilhama Gadimova stated this at a meeting of the Agrarian Policy Committee of the Milli Majlis. She emphasized that product certificates are issued to farmers […]

Oil prices on the world market have fallen below $104. elchi reports that the price of November futures for Brent crude oil decreased by $0.95, or 0.91%, to $103.87 per barrel. The price of October futures for WTI crude oil fell by $0.79, or 0.78%, to $101.12. The decline in oil prices is influenced by […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the US dollar exchange rate remained unchanged at 1.7000 manats on September 18. The Turkish lira depreciated to 0.0348 manats, the Russian 100 rubles depreciated to 2.0132 manats, while the euro appreciated to 1.9528 manats.

In the period of January-August of this year, more than 5.5 million tons of cargo were handled at the Baku Port of “Azerbaijan Railways” CJSC. elchi reports, citing ADY, that this is approximately 3 percent more compared to the same period last year. During the same period, more than 85 thousand TEU containers were handled, […]