ECONOMY

In January-March of this year, the revenues of the State Social Protection Fund, which is a component of the consolidated budget, amounted to 2 billion 131.8 million manats, and its expenditures amounted to 2 billion 52.9 million manats. elchi reports that this is stated in the Ministry of Finance’s (operational) information on the execution of […]

Passenger congestion has been observed in the Baku Metro since the morning hours. Currently, there is congestion on platforms and in passageways at several metro stations. According to information provided to elchi by “Baku Metropolitan” CJSC, the congestion is due to the 2.5-minute interval between trains and the fact that train operations are organized according […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased again in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 0.38 US dollars, or 0.34%, reaching 110.89 US dollars. It should be noted that the previous price of Azerbaijani oil was 110.51 US dollars. Recall that […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın information, on April 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Euro depreciated to 1.9957 manats, and the Turkish Lira to 0.0378 manats. In turn, 100 Russian rubles appreciated to 2.2716 manats. Currency Code Rate 1 US […]

Azerbaijan’s economy will grow by 2.2% in 2026. This is a higher figure compared to the 1.4% growth in 2025. “Elchi” reports that this was stated in the forecast of the “Fitch Ratings” agency. The agency attributes the growth to the stabilization of gas production against the backdrop of declining oil production and states that […]

“Azerbaijan Railways” CJSC (ADY) has scheduled additional train trips on the Baku-Aghstafa-Baku route for April 25 and 26 to meet passenger demand. This was reported by elchi, citing “Azerbaijan Railways”. “You can purchase tickets for these trips with a 10 percent discount at railway ticket offices, on the official ADY website, or via the ‘ADY […]

Diesel will be sent from Azerbaijan to Armenia. “Elchi” reports that 16 wagons of diesel fuel will be exported from Azerbaijan to Armenia today.

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-according to the information, on April 21, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0379 manats. The Euro rose to 2.0018 manats, and 100 Russian rubles rose to 2.2680 manats. Currency Code Rate 1 US Dollar […]

During the trading operations on the “ICE London” Intercontinental Exchange, the value of the June 2026 contract for the export of “Brent” oil decreased by 0.67% to 94.84 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” oil for export in June 2026 on the New York “NYMEX” commodity exchange […]