ECONOMY

NEWS

ADY: Number of suburban train trips is being increased – SCHEDULE

— ECONOMY
In order to meet passenger demand, the number of suburban train trips is being increased once again. elchi reports this with reference to Azerbaijan Railways CJSC. According to the updated schedule, starting from September 17, the number of daily weekday trips will be increased from 96 to 100: New trips will be added to the […]
NEWS

605,081 passengers used the Baku Metro yesterday

— ECONOMY
On September 15, 605,081 passengers used the Baku Metro. “Elchi” reports that the Press Service of the Baku Metro has released information. For comparison, it should be noted that the highest figure for the previous month was 548,751 passengers. Thus, the figure recorded on the first day of the academic year is 9.3% higher than […]
NEWS

Armenia announces readiness to purchase gas from Azerbaijan

— ECONOMY
Armenia is ready to purchase gas from Azerbaijan, Iran, and other countries. elchi reports that this was stated by the Secretary of the Security Council of Armenia, Alen Simonyan. According to him, Yerevan does not intend to replace dependence on one country with another state: “We intend to purchase gas from everywhere possible. We are […]
NEWS

SOCAR has acquired a 10% stake in the ‘Baleine’ field in Côte d’Ivoire

— ECONOMY
The process of acquiring a 10% participating interest in the development project of the ‘Baleine’ oil and gas field located in the Republic of Côte d’Ivoire between SOCAR and the Italian company Eni S.p.A. has been completed. “Elchi” reports, citing SOCAR, that the transaction has been finalized with the receipt of all required approvals and […]
NEWS

Draft budgets for next year submitted to the government

— ECONOMY
The drafts of the state and consolidated budgets for 2027, as well as the indicators of the consolidated budget for the next 3 years, have been submitted to the Cabinet of Ministers. elchi reports that this information was provided to “Report” by the government. According to the information, this step was taken in accordance with […]
NEWS

The price of Azerbaijani oil has reached 128 dollars

— ECONOMY
The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 0.74 dollars, reaching 128.03 US dollars. It should be noted that the previous price of Azerbaijani oil was 120.02 US dollars. We remind you that in this […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the exchange rate of the US dollar remained unchanged at 1.7000 manats on September 16. In turn, the Turkish lira depreciated to 0.0349 manats. 100 Russian rubles appreciated to 2.0178 manats, and the euro rose to 1.9627 manats. Code Rate USD […]
NEWS

Swiss–Azerbaijani Business Forum held

— ECONOMY, NEWS FEED
Within the framework of the business visit of the Minister of Economy Mikayil Jabbarov to the Swiss Confederation, the Swiss–Azerbaijani Business Forum was held. “Elchi” reports with reference to the ministry that, in addition to government officials from both countries, representatives of companies representing energy, transport and logistics, construction, mechanical engineering, metallurgy, food, tourism, healthcare, […]
NEWS

Mikayil Jabbarov in Switzerland: 10th meeting held

— ECONOMY
Within the framework of the business visit of the delegation led by Minister of Economy Mikayil Jabbarov to the Swiss Confederation, a number of meetings were held, as well as the 10th meeting of the Joint Commission on Trade and Economic Cooperation. elchi reports with reference to the Ministry of Economy that the President of […]
NEWS

The 10th meeting of the Azerbaijan-Switzerland Joint Commission has been held

— ECONOMY
Within the framework of the business visit of the delegation led by Minister of Economy Mikayil Jabbarov to the Swiss Confederation, a number of meetings were held, as well as the 10th meeting of the Joint Commission on Trade and Economic Cooperation. “Elchi” reports with reference to the Ministry of Economy that the President of […]