ECONOMY

Minister of Energy Parviz Shahbazov met with Charles Cormier, World Bank Regional Director for Infrastructure in Europe and Central Asia, as well as Roland Price, Regional Director for the South Caucasus. According to the information provided to Elchi.az from the Ministry, the current projects implemented in the energy sector of Azerbaijan, new cooperation opportunities, including […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 27, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0392 manats. The Euro rose to 2.0185 manats, while 100 Russian rubles fell to 2.2222 manats. 1 US dollar USD 1,7 1 […]

130 commercial institutions operate in Azerbaijan with Israeli investments. Elchi.az reports that this was stated by the Minister of Economy of Azerbaijan, Mikayil Jabbarov, at the Azerbaijan-Israel business forum. He stated that the total volume of investments between the two countries is approximately 600 million US dollars: “Our countries have built a strong and pragmatic […]

In 2025, Azerbaijan exported products worth 788.8 thousand US dollars to Armenia. Elchi.az reports this with reference to the State Customs Committee. In 2025, there were no exports from Armenia to Azerbaijan. It should be noted that the dispatch of petroleum products from Azerbaijan to Armenia started last year.

The Asian Development Bank (ADB) is considering the possibility of allocating a loan for a regional project to modernize border crossing points in several countries, including Azerbaijan. Elchi.az reports that the project, called “Modernization of Border Points for Integration, Logistics and Development,” covers Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, China, Tajikistan, Turkmenistan and Uzbekistan. It […]

During trading operations on the ICE London Intercontinental Exchange, the value of the April 2026 contract for Brent oil exports increased by 0.05% to $65.1 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 increased by 0.07% to […]

The price of gold futures per troy ounce (31.1 grams) in commodity markets has updated its historical maximum. Elchi.az reports with reference to the stock exchange data that the price of April 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 1.65% to 5,100.21 US dollars. The […]

In 2025, the volume of trade operations between Azerbaijan and Russia amounted to 4.920 billion US dollars. Elchi.az received information about this from the State Customs Committee. According to the information, this is 120.4 million US dollars or 2.5% more compared to the indicator in 2024. During the reporting period, trade turnover with Russia amounted […]

Oil has become more expensive in global commodity markets. Elchi.az reports that the price of WTI crude oil on the NYMEX exchange in New York for the March contract of the current year increased by US$1.71 or 2.88% to US$61.07 per barrel. The price of Brent crude oil on the ICE London exchange for the […]