ECONOMY

In the first half of the current year, 547 vehicles powered by electric motors worth 14 million 442.23 thousand US dollars were imported to Azerbaijan. elchi reports, citing the State Customs Committee, that this figure is 41.12% lower in quantity and 54.3% lower in value. In the corresponding period of last year, 929 electric vehicles […]

In the first six months of this year, products worth 17 million 128.64 thousand US dollars were exported from Azerbaijan to Armenia. elchi reports this citing the State Customs Committee. According to the information, this figure accounted for 0.10% of Azerbaijan’s total exports. In the first six months of this year, Azerbaijan’s foreign trade turnover […]

An Azerbaijan-Slovakia business forum was held in Baku today. elchi reports that Minister of Economy Mikayil Jabbarov and Deputy Prime Minister and Minister of Economy of Slovakia Denisa Sakova attended the forum. Within the framework of the forum, a Memorandum of Cooperation was signed between the “Azerbaijan Tourism Board” and “Slovakia Travel”. *** 11:11 The […]

It is particularly gratifying that Slovak companies are showing great interest in contributing to the restoration of our liberated territories. elchi reports that Minister of Economy Mikayil Jabbarov stated this during his speech at the Azerbaijan-Slovakia business forum held in Baku. “The reconstruction of the Bash Garvand village in the Aghdam district in accordance with […]

Azerbaijan is an important partner for Slovakia and one of the key bridges connecting Europe with the South Caucasus and Central Asia. “Elchi” reports that Deputy Prime Minister and Minister of Economy of Slovakia Denisa Sakova stated this during her speech at the Azerbaijan-Slovakia business forum held in Baku.   According to her, in the […]

Today, the Azerbaijan-Slovakia business forum has started its work in Baku. elchi reports that Minister of Economy Mikayil Jabbarov and Deputy Prime Minister and Minister of Economy of Slovakia Denisa Sakova are participating in the forum. Within the framework of the forum, the signing of a Memorandum of Cooperation between the “Azerbaijan Tourism Board” and […]

In the modern era, influence in the energy sector is not measured solely by production volume. elchi reports that Energy Minister Parviz Shahbazov stated this during the first meeting of the Technical Committee of the “OPEC+” Charter of Cooperation (CoC) held in Baku.   According to him, this influence is determined by secure and diversified […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. “Elchi” reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.73% to 4,039.9 US dollars. The price of July 2026 silver futures per […]

The price of “Azeri Light” (CIF) Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 5.22 dollars, or 6.42%, reaching 86.51 US dollars. It should be noted that the previous price of Azerbaijani oil was 81.29 US dollars. Recall that in this year’s […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on July 14, the exchange rate of the US dollar remained unchanged at 1.7000 manats.   100 Russian rubles depreciated to 2.1949 manats, while the Euro appreciated to 1.9443 manats. The exchange rate of the Turkish lira also remained unchanged at […]