ECONOMY

In a number of supermarkets, cellophane (polyethylene) bags have become more expensive again. “Elchi” reports that currently, cellophane bags are sold for 7 and 9 qepiks depending on their size. It should be noted that since 2023, based on the decision of the Ministry of Ecology and Natural Resources and relevant institutions, these bags are […]

It is expected that economic growth in Azerbaijan will reach 2% in 2026. elchi reports, citing “APA-Economics”, that this was stated by Vael Mansour, World Bank Senior Economist for the South Caucasus, at the presentation of the “Azerbaijan Country Economic Update – Spring 2026” report in Baku. According to him, economic growth in 2026 will […]

Next year, a new direct air connection with China will be launched via “China Eastern Airlines”. “Elchi” reports that Florian Sengstschmid, Chief Executive Officer of the Azerbaijan Tourism Board, stated this during a panel discussion held within the framework of the presentation of the World Bank’s “Azerbaijan Country Economic Update – Spring 2026” report. According […]

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 6.41 dollars, or 8.5%, reaching 82.07 US dollars. It should be noted that the previous price of Azerbaijani oil was 75.66 US dollars. Recall that in this […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of August 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.49% to 4070.5 US dollars. The price of September 2026 silver futures per […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”– according to the information, on July 1, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0363 manats. In turn, 100 Russian rubles depreciated to 2.2145 manats, while the euro appreciated to 1.9426 manats.   […]

The International Monetary Fund (IMF) forecasts that global GDP will grow by 3% by the end of 2026 and by 3.4% in 2027. elchi reports that this is stated in the organization’s report on the development prospects of the world economy. According to the document, the forecast for global economic growth has been reduced by […]

Since the beginning of its operations in Azerbaijan, bp, on its own behalf and on behalf of its co-venturers in the joint ventures it operates, has spent a total of over 115 million US dollars on social investment projects in the country. According to elchi, this was reported with reference to BP. According to the […]

In January–June 2026, 5,464,009 passengers were transported by “Azerbaijan Railways” CJSC (ADY). According to elchi, this was reported with reference to ADY. According to the information, this figure is 18% higher compared to the same period last year. Thus, in January–June 2025, 4,648,441 passengers used railway transport. In June 2026 alone, 950,287 passengers were transported […]

The price of “Azeri Light” (CIF) Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 1.95 dollars, or 2.65%, reaching 75.66 US dollars. It should be noted that the previous price of Azerbaijani oil was 73.71 US dollars. As a reminder, the average […]