ECONOMY

NEWS

Azerbaijan and Moldova discussed cooperation in the energy sector

ECONOMY, NEWS FEED, POLITICS
Azerbaijan’s Minister of Energy Parviz Shahbazov and his Moldovan counterpart Dorin Jungietu discussed cooperation in natural gas production at a meeting held in Baku. “Elchi” Referring to the Ministry of Energy of Moldova, it is reported that Dorin Jungietu is participating in the 12th ministerial meeting of the Southern Gas Corridor Advisory Council in Baku. […]
NEWS

Mikayil Jabbarov meets with bp Vice President

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 […]
NEWS

Most used social networks in Azerbaijan announced

ECONOMY
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” […]
NEWS

“Qatar Energy” stopped LNG production

ECONOMY
“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 […]
NEWS

Consumer lending in Azerbaijan increased by about 12%

ECONOMY
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% […]
NEWS

Bakcell expands digitalization in customer services

ECONOMY
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 […]
NEWS

Today’s currency exchange rates

ECONOMY
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 […]
NEWS

Gold price in commodity markets surpassed 5,300 dollars

ECONOMY
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 […]
NEWS

AZAL: Flights to Nakhchivan are operated as scheduled

ECONOMY
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.
NEWS

AZAL Suspends Flights to Dubai, Doha, Jeddah, and Tel Aviv

ECONOMY
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 […]