ECONOMY

The liquidation process of “Azer-Asiya Müştərək Sığorta Şirkəti” Open Joint Stock Company (OJSC) is being completed. Elchi.az reports that this was stated by the OJSC. According to the information, the fulfillment of the insurance company’s obligations has been fully completed. In this regard, an extraordinary general meeting of shareholders of “Azer-Asiya Müştərək Sığorta Şirkəti” will […]

“Azerbaijan Railways” CJSC (ADY), one of the companies of AZCON Holding, will launch a regular passenger transportation service on the Ganja–Gabala–Ganja route for the first time starting from January 12, 2026, in order to further increase passenger satisfaction. This was reported by Elchi.az with reference to ADY. “This, as ADY’s second regional passenger transportation route […]

The World Bank has announced key challenges related to foreign direct investment in Azerbaijan. Elchi.az reports that the World Bank has determined that the transfer effect of foreign direct investment (FDI) to other sectors of the economy in Azerbaijan is limited. According to the Bank’s report, in resource-rich countries of the Europe and Central Asia […]

The period for obtaining permission to build a solar power plant in the area of renewable energy sources in Garadagh has been extended. According to Elchi.az, the Cabinet of Ministers has made a decision on this matter. According to the decision, the period for obtaining permission to build a solar power plant on the land […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 5, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0395 manats, the Euro to 1.9859 manats, and 100 Russian rubles to 2.1157 manats. 1 ABŞ dolları USD 1,7 1 Avro EUR […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 2.02% to 4,417.05 US dollars. The price of March 2026 […]

Oil prices have fallen on world exchanges. Elchi.az reports that the price of Brent crude oil on London’s ICE (“InterContinental Exchange Futures”) exchange fell by 1.32 percent to $60 per barrel for the first time since the US operation in Venezuela – December 19, 2025. The price of West Texas Intermediate (WTI) crude oil fell […]

Gold futures prices are declining in global commodity markets. Elchi.az reports that the price of February futures for one troy ounce of gold on the COMEX exchange decreased by 0.26% to $4,329.6. At the same time, the spot price of gold (XAU/USD) increased by 0.30% to $4,332.29. Silver futures for March on COMEX rose by […]

The total capitalization of the global cryptocurrency market has increased by 2.35% in the last 24 hours, reaching 3.08 trillion dollars. Elchi.az reports this with reference to the “CoinMarketCap” platform. According to the information, the CMC20 index, which reflects the overall dynamics of the market, increased by 2.55% and amounted to 191.32 points. Activity in […]