ECONOMY

As of August 1, 2026, the number of wage earners in Azerbaijan was 1,781.1 thousand, of which 836.9 thousand worked in the public sector and 944.2 thousand in the non-public sector. According to the information provided to elchi by the State Statistical Committee, 18.9 percent of wage earners were employed in trade and repair of […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 5.14 dollars, or 4.75%, reaching 113.32 US dollars. It should be noted that the previous price of Azerbaijani oil was 108.18 US dollars. Recall that in this […]

The price of futures quotes for natural gas on the New York “NYMEX” commodity exchange has decreased. “Elchi” reports that the price of futures for natural gas with delivery in October 2026 decreased by 1.13% to 2.79 US dollars per 1 million BTU (British thermal unit).

Traffic congestion is observed on some roads in Baku. elchi reports that the Intelligent Transport Management Center (ITMC) has released information regarding this. Current traffic situation: 1. Ziya Bunyadov Avenue, from in front of Baku Olympic Stadium to the intersection with Ahmad Rajabli Street; 2. Ziya Bunyadov Avenue, from the intersection with Abdulvahab Salamzade Street […]

Sacha Backes has been appointed as the head of the unified country representation of the World Bank Group (WB) in Azerbaijan. “Elchi” reports that Sacha Backes has been appointed as the new head within the framework of the World Bank Group’s transition to a unified country representation model in Azerbaijan. Although it was initially reported […]

In January-August 2026, the gross domestic product (GDP) of Azerbaijan amounted to 87 billion 709.5 million manats. “Elchi” reports, citing the State Statistical Committee, that this is 1.2% more in real terms compared to the same period last year. During the reporting period, value added in the oil and gas sector decreased by 0.8%, while […]

In January-August 2026, the consumer price index in Azerbaijan increased by 5.7% compared to the same period last year. “Elchi” reports, citing the State Statistical Committee, that the average annual inflation in the country stood at 5.7%. It should be noted that the average annual inflation was also 5.7% in January-July 2026.

As of September 1 of this year, Azerbaijan’s external public debt amounted to 4 billion 559.5 million US dollars. elchi reports, citing the State Statistical Committee, that this figure is 7.8 percent lower compared to the corresponding period of last year. Thus, a decrease in Azerbaijan’s external public debt has been recorded in annual terms.

The opening ceremony of the Fourth Climate Week (CW4) of the UN Framework Convention on Climate Change is being held in Baku, hosted by the Republic of Azerbaijan and organized by the Ministry of Foreign Affairs. elchi reports that the practical implementation of climate decisions, international cooperation, and the strengthening of climate action ahead of […]

As of September 1, 2026, Azerbaijan’s strategic foreign exchange reserves amounted to $90 billion 769.7 million. “Elchi” reports, citing the State Statistical Committee, that strategic foreign exchange reserves have increased by 15.7% year-on-year. For comparison, as of August 1, 2026, Azerbaijan’s strategic foreign exchange reserves amounted to $86 billion 814.9 million. Thus, within one month, […]