ECONOMY

Currently, the supply of crude oil from Azerbaijan to Japan is of greater importance than ever before. elchi reports that President Ilham Aliyev stated this at the 4th Shusha Global Media Forum while answering a Japanese journalist’s question regarding Azerbaijan’s contribution to Japan’s energy security. “Yes, currently, the supply of crude oil from Azerbaijan to […]

During the trading operations held on the “ICE London” intercontinental exchange, the value of the August 2026 contract for the export of “Brent” oil decreased by 0.38% to 76.01 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” brand oil for export in August 2026 on the New York “NYMEX” […]

In January-April of this year, Azerbaijan exported 67,346 tons of cotton fiber worth 92.96 million US dollars. “Elchi” reports citing Report that, according to calculations based on data from the State Statistical Committee, this is 51% more in value terms and 64% more in quantity compared to the same period of 2025. During the reporting […]

Today, a meeting of the Economic Council was held under the chairmanship of Prime Minister Ali Asadov. This was reported to elchi by the Cabinet of Ministers. The first item on the meeting’s agenda was the draft of the “State Program for the Development of Tourism in the Republic of Azerbaijan for 2026-2030,” including the […]

“North West Construction” Limited Liability Company has been declared the winner of the investment competition announced for the sale of state-owned shares of “Garadagh Glass Factory” OJSC. “Elchi” reports, citing the State Service for Property Issues, that the competition concluded on May 19 of this year. Within the framework of the Investment Program, the winner […]

In January-June 2026, nearly 484 thousand tons of sulfur and related goods were transported by Azerbaijan Railways CJSC (ADY). According to the information provided to elchi by ADY, this is more than 31% higher compared to the same period last year. The volume of sulfur cargo transported in transit mode increased by more than 30%, […]

In January-June 2026, 475 rental agreements were formalized under the rent-to-own mechanism. This was reported to elchi by the Mortgage and Credit Guarantee Fund (MCGF). As of July 1, 2026, the housing conditions of 9,545 families have been improved through this mechanism. More than 60 percent of the citizens who have become homeowners are youth […]

The Ministry of Finance has resumed deposit auctions. “Elchi” reports, citing the Ministry of Finance, that in order to more efficiently manage state budget funds, a deposit auction was organized to place treasury account funds in national currency into deposits at local banks. Based on the auction results, a balance of 73 million manats from […]

As of July 1, 2026, Azerbaijan’s external public debt amounted to 4.62 billion US dollars. elchi reports that this was stated by the State Statistical Committee. It should be noted that this is 7.9% less compared to the same period last year. In June alone, the country’s external public debt decreased by 25.6 million US […]