ECONOMY

NEWS

The value of natural gas has increased

— ECONOMY
Natural gas futures quotes have risen on the New York Mercantile Exchange (NYMEX). Elchi.az reports that natural gas futures in commodity markets gained 4.56% to $5.2750 per 1 million BTU (British thermal unit). The value of a megawatt-hour of gas at the Dutch Title Transfer Facility (TTF) hub increased by 3.39% to 39.37 euros. reports […]
NEWS

Gold price exceeds $5,000

— ECONOMY
The price of gold in global commodity markets has exceeded its historical limit, surpassing the $5,000 level. Elchi.az reports that the price of one troy ounce of gold on COMEX (April 2026 contract) was $5,017, which is an increase of $67.6 or 1.37% per day. In the spot market, gold settled at $4,987, up 1.04%. […]
NEWS

Construction of Aghband-Kalale bridge planned to be completed by Novruz holiday

— ECONOMY
We plan to complete the construction of the Aghband-Kalale automobile bridge over the Araz River by the Novruz holiday. Elchi.az reports that this was stated by Vahid Jalalzadeh, Deputy Minister of Foreign Affairs of the Islamic Republic of Iran, who is on a visit to Azerbaijan, at a meeting with journalists. Speaking about the progress […]
NEWS

About 1.3 million tons of wheat were imported to Azerbaijan last year

— ECONOMY
In January-December 2025, Azerbaijan imported 1 million 267.3 thousand tons of wheat worth 275 million 626 thousand US dollars. Elchi.az reports with reference to the State Customs Committee that this indicator is 1.9% or 24.7 thousand tons less in terms of volume and 1.5% or 4.1 million US dollars less in terms of value compared […]
NEWS

The period of suspension of inspections in the field of entrepreneurship is extended for another 1 year

— ECONOMY
The period of suspension of inspections in the field of entrepreneurship in Azerbaijan is being extended. Elchi.az reports that this is reflected in the amendment proposed to the Law “On Suspension of Inspections in the Field of Entrepreneurship”, which was discussed in the first reading at today’s meeting of the Committee on Economic Policy, Industry […]
NEWS

S&P: Azerbaijani banks will maintain their stability in 2026

— ECONOMY
Banks operating in Azerbaijan, Georgia, Armenia, Kazakhstan, Kyrgyzstan, and Uzbekistan are expected to maintain their stability in 2026, as they have in the previous two years. Elchi.az reports that this was stated by the S&P Global Ratings rating agency. It was noted that the average lending growth in the region remaining in the range of […]
NEWS

Natural gas in Europe cheaper by more than 30% last month

— ECONOMY
In December of last year, the average spot market price of natural gas in Europe according to the TTF index (Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) was $9.48 per 1 million BTU (British thermal unit). Elchi.az reports this with reference to the report of the Gas Exporting Countries Forum (GECF). Thus, […]
NEWS

Silver price in commodity markets approaches $99

— ECONOMY
The price of silver futures per troy ounce (31.1 grams) in commodity markets has once again updated its historical maximum. Elchi.az reports with reference to stock exchange data that the price of March 2026 futures for one troy ounce of silver on the New York COMEX commodity exchange increased by 2.42% to $98.7. The price […]
NEWS

Oil prices rise in world markets

— ECONOMY
During trading operations on the “ICE London” intercontinental exchange, the value of the March 2026 contract for the export of “Brent” oil increased by 0.87% to 64.62 US dollars 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 […]
NEWS

Armenia’s Minister of Economy announces decrease in gasoline prices in the country

— ECONOMY, WORLD
Armenia’s Minister of Economy, Gevorg Papoyan, has announced a decrease in gasoline prices in the country. Elchi.az reports that Papoyan posted this information on his Facebook page. According to him, the decrease in gasoline prices is approximately 15%. “Gasoline price: at the beginning of December – 510 drams/l (approximately 2 manats 30 kopecks – ed.), […]