ECONOMY

NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-In məlumatına görə, on June 12, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0368 manats. In turn, the euro appreciated to 1.9673 manats, and 100 Russian rubles increased to 2.3573 manats.  
NEWS

The future of Azerbaijan-US relations discussed

— ECONOMY, POLITICS, SOCIETY
A productive meeting was held with the US Chargé d’Affaires in Azerbaijan, Emi Karlon, and her colleagues regarding the future of Azerbaijan-US relations, strategic cooperation, regional processes, parliamentary diplomacy, as well as economic and humanitarian partnerships. “Elchi” reports that Samad Seyidov, Chairman of the Milli Majlis Committee on International Relations and Interparliamentary Relations, wrote about […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, the exchange rate of the US dollar remained unchanged at 1.7000 manats on June 11. In turn, the Euro rose to 1.9632 manats, while the Turkish lira fell to 0.0368 manats and 100 Russian rubles fell to 2.3552 manats. 1 US […]
NEWS

Azerbaijani oil prices have increased

— ECONOMY
Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 1.09 US dollars, or 1.14%, reaching 96.36 US dollars. It should be noted that the previous price of Azerbaijani oil was 95.27 US dollars. Let us […]
NEWS

The Turkic world is becoming a new political reality and a cooperation platform in Eurasia

— ECONOMY, NEWS FEED
The Caspian Sea is a trade tool for Azerbaijan and connects the country with Central Asia. “Elchi” reports citing AZERTAC that these words were stated by Hikmat Hajiyev, Assistant to the President and Head of the Foreign Policy Affairs Department of the Presidential Administration, during his online speech at the Trans-Caspian Forum. He noted that […]
NEWS

The schedule of the Baku–Balakan train will change from July 1

— ECONOMY
Azerbaijan Railways CJSC is changing the schedule for the Baku-Balakan-Baku route in both directions starting from July 1. This was reported to elchi by ADY. According to the change, the train will depart from Baku at 23:30 (instead of 23:50) and from Balakan at 21:10 (instead of 22:00).
NEWS

The volume of funds allocated for remuneration in 2025 has been announced

— ECONOMY
In 2025, the specific weight of socially-oriented expenditures in the composition of state budget expenditures increased by 601.5 million manats or 4.1% compared to 2024, amounting to 15 billion 254.2 million manats (39.5%). “Elchi” reports that this was noted in the annual report on the execution of the 2025 state budget. Last year, 9 billion […]
NEWS

Allocation of budget funds for education in 2025 announced

— ECONOMY
Over the last four years, the share of funds allocated to education in the state budget expenditures has increased by 1 billion 527.3 million manats (49.4%). elchi reports that this was noted in the annual report on the execution of the 2025 state budget. Of the funds used for education expenses, 2 billion 306.9 million […]
NEWS

Additional carriage to be attached to the Baku-Tbilisi-Baku train due to high demand

— ECONOMY
Azerbaijan Railways (ADY) CJSC is expanding passenger transport capacity on the Baku-Tbilisi-Baku train to meet high passenger demand. According to the information provided to elchi by ADY, due to the increased demand for train travel during the summer season, which is a period of holidays and vacations, additional carriages will be attached to trains departing […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on June 10, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0369 manats. In turn, the Euro appreciated to 1.9628 manats, and 100 Russian rubles rose to 2.3656 manats. 1 US dollar USD […]