ECONOMY

A new draft law on “Seed Growing” has been prepared. elchi reports that the draft law was submitted for discussion at today’s meeting of the Milli Majlis. The draft law consists of 6 chapters and 27 articles. According to the project, an information system (Registry) of the body (institution) determined by the relevant executive authority […]

Propane and fertilizer will be sent from Russia to Armenia via transit through Azerbaijan. “Elchi” reports that 14 wagons of propane and 5 wagons of fertilizer will be dispatched from Bilajari station today.

Civil unmanned aerial vehicles (UAVs) will be controlled, and inspections will be carried out. “Elchi” reports that this is reflected in the proposed amendments to the Law “On Aviation,” which were discussed at today’s session of the Milli Majlis. According to the draft, the operation of UAVs will be carried out based on a registration […]

Requirements for the movement of autonomous vehicles are being set. “Elchi” reports that this is reflected in the proposed amendment to the Law “On Road Traffic”, which was discussed at today’s meeting of the Milli Majlis. According to the draft, an autonomous vehicle is a civil-purpose vehicle that moves through an automated driving system, moves […]

The 29th meeting of the Azerbaijan-Russia Joint Commission on the distribution of water resources of the transboundary Samur River, established in accordance with the Agreement between the Republic of Azerbaijan and the Russian Federation “On cooperation in the field of efficient use and protection of water resources of the transboundary Samur River”, was held on […]

In world markets, Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price by nearly 3 dollars in the last trading session. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 2.98 dollars, or 3.6%, to 79.09 US dollars. It should be noted that the previous price of […]

The International Monetary Fund (IMF) states that the countries of the Caucasus and Central Asia will continue to develop under the influence of favorable economic growth factors. elchi reports that this was noted in the IMF’s updated global economic forecast. According to the report, economic growth in the Middle East and Central Asia region will […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information indicates that on July 10, the US dollar exchange rate remained unchanged at 1.7000 manats. In turn, the Turkish lira fell to 0.0362 manats, while 100 Russian rubles rose to 2.2353 manats, and the euro increased to 1.9452 manats.  

In January-June 2026, 2,242 mortgage loans totaling 226.3 million manats were issued by authorized banks at the expense of the Mortgage and Credit Guarantee Fund. According to the information provided by the Fund to elchi, in addition to this, 1,418 ordinary mortgage loans worth 156.1 million manats and 824 concessional mortgage loans worth 70.2 million […]

In recent years, systematic reforms have been carried out in the field of digital development in Azerbaijan, and this process is being consistently continued under the supervision of the country’s leadership. elchi reports that Deputy Minister of Digital Development and Transport Rashad Hasanov stated this at a public hearing in the Milli Majlis on the […]