ECONOMY

A meeting was held with the Vice President of bp company During the meeting with bp’s Executive Vice President for Production and Operations, cooperation issues on the agenda were discussed. Minister of Economy Mikayil Jabbarov met with Gordon Birrell, bp’s Executive Vice President for Production and Operations. “Elchi” reports that during the meeting, long-term effective cooperation […]

Last month, “Facebook” was the most used social network in Azerbaijan. “Elchi” reports this, citing “StatCounter”. During this period, “Facebook”‘s share in Azerbaijan’s social network market was 80.38%. This is 4.92 percentage points more compared to January, and 13.24 percentage points more compared to the previous year. According to the number of users, the “X” […]

“Qatar Energy” announced that it has stopped the production of liquefied natural gas (LNG) and related products due to Iranian air attacks. “Elchi” reports that Qatari media has released information on this matter. It is reported that “Qatar Energy” has stopped the production of liquefied natural gas and related products due to a military attack […]

As of February 1 this year, the total volume of credit investments by banks and non-bank organizations to households in Azerbaijan amounted to 19 billion 115.1 million manats. Referring to the Central Bank, “Elchi” reports that this indicator is 11.5 percent or 1 billion 967.4 million manats higher compared to February 1, 2025, and 0.3% […]

Innovation leader Bakcell has implemented a biometric verification solution based on “SİMA” technology to ensure faster and more secure processes in its customer services. According to the new development, customer identification during operations such as number and device sales, transfer of a number from one name to another, and duplicate number service, carried out at […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on March 2, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish Lira was 0.0387 manats. In turn, 100 Russian rubles depreciated to 2.2071 manats, and the Euro to 2.0035 manats. 1 US dollar USD 1,7 1 […]

The price of gold futures per troy ounce (31.1 grams) in commodity markets 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 2.34% to 5,370.65 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

Scheduled flights to Nakhchivan are operated as normal. This was reported to “Elchi” by AZAL. It was noted that AZAL continues to closely monitor the current situation and takes all necessary measures to ensure flight safety. “Passengers will be promptly informed about possible changes,” it was stated.

Due to restrictions imposed on airspace in connection with recent events in the Middle East, Azerbaijan Airlines (AZAL) has suspended flights to Dubai, Doha, Jeddah, and Tel Aviv. This was reported to “Elchi” by AZAL. Passengers can refund or change their tickets for the aforementioned destinations without any penalty. It should be noted that flights […]