ECONOMY

The European Union (EU) supports Azerbaijani municipalities that have joined the Covenant of Mayors Initiative through training and methodological support, special technical assistance, best practices, as well as experience exchange, networking and awareness raising. “Elchi” reports that this was stated by the European Union (EU) Ambassador Mariyana Kuyundzhich at an event held in Nakhchivan regarding […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to “Elchi”, on February 13, the US dollar exchange rate remained unchanged at 1.7000 manats. The Turkish lira depreciated to 0.0389 manats, the Euro to 2.0167 manats, and 100 Russian rubles appreciated to 2.2015 manats.  

The downward trend continues in the cryptocurrency market. “Elchi” reports that Bitcoin (BTC), the market leader, has fallen by 1.30% in the last 24 hours, reaching $66,330. The value of Ethereum (ETH) has also decreased by 1.11% to $1,947. No significant changes were observed in stablecoins, with Tether (USDT) remaining at $0.9991 and USDC at […]

The price of Azerbaijani oil of the “Azeri Light” (CIF) grade has slightly increased in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil increased by 1.06 US dollars or 1.49% to 72.2 US dollars. It should be noted that the previous price of Azerbaijani oil was 71.14 US dollars. It […]

The price of natural gas futures quotations has decreased on the New York “NYMEX” commodity exchange. Elchi.az reports that the price of natural gas futures for delivery in March 2026 decreased by 0.22% to 3.226 US dollars per 1 million BTU (British thermal unit).

The decline in major digital assets continues in the cryptocurrency market. Elchi.az reports that Bitcoin, the market leader, has fallen by 1.01% in the last 24 hours, reaching $67,006. Ethereum also decreased by 0.55% to $1,965. The price of XRP settled at $1.37, decreasing by 0.74% in the daily indicator. Solana fell by 2.37% in […]

Azərbaycan Mərkəzi Bankı bu günün valyuta məzənnələrini açıqlayıb. Elchi.az-ın məlumatına görə, fevralın 12-də ABŞ dollarının məzənnəsi dəyişməyərək 1,7000 manat, Türkiyə lirəsi 0,0390 manat təşkil edib. Avro 2,0165 manatadək, Rusiyanın 100 rublu isə 2,1985 manata kimi ucuzlaşıb. 1 ABŞ dolları USD 1,7 1 Avro EUR 2,0165 1 Avstraliya dolları AUD 1,2096 1 Belarus rublu BYN 0,5977 […]

The Information Security and Cybersecurity Strategy has been adopted in Azerbaijan, and all our work is being implemented in accordance with this strategy. Elchi.az reports that this was said by the Minister of Digital Development and Transport Rashad Nabiyev during the meeting dedicated to the unified action plan “Azerbaijan’s new digital architecture” chaired by President […]

“Today, we do not have financial mechanisms to finance startups.” Elchi.az reports that this was stated by the Minister of Digital Development and Transport Rashad Nabiyev during a meeting dedicated to the unified action plan “New Digital Architecture of Azerbaijan” chaired by President Ilham Aliyev. “This includes venture capital, crowdfunding, and so on. There is […]