ECONOMY

NEWS

Azerbaijani oil prices have decreased

ECONOMY
The price of Azerbaijani “Azeri Light” (CIF) crude oil has decreased again on world markets. elchi reports that the price of one barrel of Azerbaijani oil has fallen by 11.06 USD, or 9.57%, to 104.49 USD. It should be noted that the previous price of Azerbaijani oil was 115.55 USD. As a reminder, the average […]
NEWS

In the first quarter, share packages of 3 joint-stock companies and 298 vehicles were privatized

ECONOMY
The State Service for Property Issues ensured the payment of 93.6 million manats to the state budget from privatization and leasing during January-March 2026. According to the information provided to elchi by the Service, work in the field of privatization and leasing of state property continues. The State Service held 14 auctions during January-March 2026. […]
NEWS

Import of exotic fruits to Azerbaijan increased by nearly 21%

ECONOMY
In January-February of this year, 633.5 tons of exotic fruits worth 1.17 million US dollars were imported to Azerbaijan from foreign countries. “Elchi” reports, citing the State Statistical Committee, that this figure increased by 20.7% in value terms and 2.8% in volume compared to the same period last year. During the reporting period, 407.7 tons […]
NEWS

Overchuk calls on Russian business to take advantage of opportunities in Azerbaijan

ECONOMY
I call on Russian business to pay attention to the initiatives put forward by the Azerbaijani government and to more actively use the opportunities presented by the government. elchi reports that Deputy Prime Minister of Russia Alexei Overchuk said this at the meeting of the Azerbaijan-Russia Business Council. “Of course, I cannot help but call […]
NEWS

Volume of oil transported via Baku-Supsa pipeline to date announced

ECONOMY
Since the commissioning of the Baku-Supsa pipeline until April 1, 2026, 738 million barrels of oil have been transported through it. This was reported to elchi citing SOCAR. According to the information, the pipeline holds an important place in Azerbaijan’s modern energy strategy, ensuring the access of Azerbaijani oil to the world market via the […]
NEWS

Presentation of the book “Investment Absorption of the Azerbaijani Economy” was held

ECONOMY, NEWS FEED
Yesterday, a presentation ceremony for the book titled “Investment Absorption of the Azerbaijani Economy” by renowned economist-expert Eldaniz Amirov was held at the Azerbaijan State University of Economics. The event was attended by the rector of the University of Economics, members of parliament, heads of government agencies, economists and political experts, as well as representatives […]
NEWS

Kurdamir railway station to be opened for passengers starting tomorrow – PHOTO

ECONOMY
In order to increase passenger satisfaction and ensure transport accessibility in the regions, the Kurdamir railway station will be opened for passenger use starting from April 18, 2026. According to the information provided to elchi by “Azerbaijan Railways” CJSC, trains operating on the Baku–Gazakh–Baku, Baku–Balakan–Baku, Baku–Agdam–Baku routes, as well as the Baku–Agstafa–Baku routes scheduled for […]
NEWS

The price of Azerbaijani oil has exceeded 115 dollars again

ECONOMY
The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased again in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil increased by 2.54 US dollars, or 2.25%, reaching 115.55 US dollars. It should be noted that the previous price of Azerbaijani oil was 113.01 US dollars. Recall […]