ECONOMY

Proposal for amnesty for undocumented houses. This proposal was made by MP Kamal Jafarov during the discussion of the draft law “On the execution of the state budget of the Republic of Azerbaijan for 2025” at today’s session of the Milli Majlis. The MP stated that there are currently more than 500,000 undocumented houses in […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has slightly decreased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 2.54 dollars to 80.06 US dollars. It should be noted that the previous price of Azerbaijani oil was 80.06 US dollars. Let us recall that […]

“According to the 2026 data of the IsDB Resilience Index, unfortunately, 32 of our 57 member countries are either in a vulnerable or risky situation.” elchi reports that this was stated by Rami Mahmoud Ahmad, Vice President for Operations of the Islamic Development Bank Group, at the “Islamic Development Bank Resilience Dialogue 2026: High-Level Panel […]

Following the liberation of Karabakh, the cooperation between the Islamic Development Bank Group and Azerbaijan has expanded. elchi reports that this was stated by the President of the Islamic Development Bank Group, Muhammad Al Jasser, while speaking about the cooperation between Azerbaijan and the group at an event organized within the framework of the IsDB […]

A meeting was held at Azerbaijan Railways (ADY) with a delegation from the Asian Infrastructure Investment Bank (AIIB). The meeting focused on the development of Azerbaijan’s transport infrastructure, the strengthening of regional connectivity, and the directions for developing cooperation. ADY Chairman Rovshan Rustamov emphasized and highly appreciated the active partnership of the AIIB in Azerbaijan […]

The scope of goods exempted from customs duties is expanding. According to elchi‘s report, this is reflected in the proposed amendment to the Law “On Customs Tariff” discussed at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. According to the draft, the import of machinery, technological equipment and devices, as […]

The connection of Azerbaijan with Nakhchivan and the recognition of this project as the Zangezur corridor, and internationally as TRIP (Transport Route for International Peace and Prosperity), is important not only for Azerbaijan’s exports but also for increasing the efficiency of the Middle Corridor and strengthening connectivity between Central Asian countries, China, Turkey, and Europe. […]