ECONOMY

During trading operations on the “ICE London” intercontinental exchange, the value of the March 2026 contract for the export of “Brent” oil increased by 0.87% to 64.62 US dollars per barrel. According to Elchi.az, the price of 1 barrel of “WTI” oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also […]

According to the customs report, in 2025, the average price of 1000 cubic meters of gas exported by Azerbaijan was $350.23. The export price of gas in the state budget was projected at $242. Elchi.az reports that this was stated by expert Ilham Shaban. “In 2025, Azerbaijan’s revenue from crude oil exports amounted to $12.1 […]

The expansion of state-owned airports and/or airfields, or the construction of new airports and/or airfields, is included in the list of state needs that justify land acquisition. According to Elchi.az, this is reflected in the amendment proposed to the Law “On the Acquisition of Land for State Needs,” which was discussed at today’s meeting of […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 22, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0393 manats. The Euro depreciated to 1.9878, while 100 Russian rubles rose to 2.2139 manats. 1 ABŞ dolları USD 1,7 1 Avro EUR 1,9875 […]

The average annual inflation in Azerbaijan will decrease to 4% by 2028. Elchi.az reports that this was stated in the forecast of the international rating agency “Moody’s”. According to the rating agency’s estimates, the average annual inflation in Azerbaijan will decrease to 4.8% in 2026 and to 4% in 2027.

At the “SOCAR Carbamide” plant, through the application of analytical solutions in 2023-2024, improvements in operational capacity and cost reduction have been achieved. Elchi.az reports with reference to Telegraf that Emil Alkhasli, General Director of “SOCAR Downstream Management” LLC, said this in a statement to journalists. He noted that during that period, the plant’s production […]

Baku Metro, which is taking important steps towards sustainable development with the application of innovative approaches, has prepared its first “Sustainability Report” covering 2024. Elchi.az reports that the Report, prepared in accordance with the Global Reporting Initiative (GRI) standards, covers the company’s activities aimed at a sustainable future, as well as demonstrates its commitment to […]

Armenia and Azerbaijan will be able to mutually use the possibilities of importing and exporting electricity within the framework of the TRIPP project. APA reports with reference to the Armenian media that this was stated by Prime Minister Nikol Pashinyan during the “government hour” held in the parliament. Pashinyan said that the energy systems of […]