ECONOMY

74.9 million manats have been allocated for clearing the liberated territories of Azerbaijan from mines and unexploded ordnance in 2026. Elchi.az reports that ANAMA has signed contracts with 5 companies to carry out the work. These companies are “Safe Point” LLC, “Qaya Safety Solutions”, “Delta Clearing Solutions”, “AlphaDemining”, and “Azerbaijan Demining Company” LLCs. The value […]

This year, 23.6 million manats will be subsidized from the 2026 state budget to “Temiz Shahar” Open Joint-Stock Company for the disposal of solid household waste. Elchi.az reports that measures for cleaning territories, collecting and treating waste water will cost 285.7 million manats. Other services in the field of environmental protection will amount to 71.6 […]

Last month, the most used social network in Azerbaijan was “Facebook”. Elchi.az reports this with reference to “StatCounter”. During this period, Facebook’s share in the social network market of Azerbaijan was 72.8%. This is 4.04 percentage points more than in November of the previous year, and 8.9 percentage points more year-on-year. The social network “X” […]

The average annual export price of 1 barrel of “Azeri Light” (CIF) oil in 2025 has been announced. According to the calculations of Elchi.az, the average price of Azerbaijani oil last year was 71.1 US dollars. It should be noted that the average price of oil decreased by 14% compared to the previous year. Thus, […]

The liquidation process of “Azer-Asiya Müştərək Sığorta Şirkəti” Open Joint Stock Company (OJSC) is being completed. Elchi.az reports that this was stated by the OJSC. According to the information, the fulfillment of the insurance company’s obligations has been fully completed. In this regard, an extraordinary general meeting of shareholders of “Azer-Asiya Müştərək Sığorta Şirkəti” will […]

“Azerbaijan Railways” CJSC (ADY), one of the companies of AZCON Holding, will launch a regular passenger transportation service on the Ganja–Gabala–Ganja route for the first time starting from January 12, 2026, in order to further increase passenger satisfaction. This was reported by Elchi.az with reference to ADY. “This, as ADY’s second regional passenger transportation route […]

The World Bank has announced key challenges related to foreign direct investment in Azerbaijan. Elchi.az reports that the World Bank has determined that the transfer effect of foreign direct investment (FDI) to other sectors of the economy in Azerbaijan is limited. According to the Bank’s report, in resource-rich countries of the Europe and Central Asia […]

The period for obtaining permission to build a solar power plant in the area of renewable energy sources in Garadagh has been extended. According to Elchi.az, the Cabinet of Ministers has made a decision on this matter. According to the decision, the period for obtaining permission to build a solar power plant on the land […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 5, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0395 manats, the Euro to 1.9859 manats, and 100 Russian rubles to 2.1157 manats. 1 ABŞ dolları USD 1,7 1 Avro EUR […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 2.02% to 4,417.05 US dollars. The price of March 2026 […]