ECONOMY

As of June 8, 2026, the Western Export Pipeline (WEP) and the Supsa terminal, which is an integral part of it, have passed to the operatorship of “SOCAR Midstream Operations” LLC. According to the information provided to elchi by “SOCAR Midstream Operations”, in accordance with the agreement reached between the Georgian Oil and Gas Corporation […]

In May, the Sugar Price Index averaged 95.1 points. This represents an increase of 6.6 points (7.5%) compared to April and is the highest level since October 2025. “Elchi” reports, citing the UN Food and Agriculture Organization (FAO), that despite this, the index is 14.3 points (13.1%) lower compared to the same period last year. […]

High results have been achieved in the execution of the state budget and the management of treasury operations in January–May 2026. This was reported to “Elchi” by the Ministry of Finance. It was stated that during this period, the processing of requests for treasury operations was ensured to be fast, error-free, and in compliance with […]

The value of futures for one troy ounce (31.1 grams) of gold has decreased in commodity markets. “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 0.87% to 4,327.2 US dollars. The price of July 2026 silver futures per […]

In the last 24 hours, the decline in major assets in the cryptocurrency market has continued. elchi reports that on the “CoinMarketCap” platform, the price of Bitcoin has decreased by 3.56% over the last 24 hours, falling to 60,833 US dollars. The price of the world’s largest cryptocurrency has dropped by 17.21% over the past […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing stock exchange data, that the value of June 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 3.1% to 4,365.3 US dollars. The price of July 2026 […]

To date, 113,935 new generation cash registers have been installed across the country. “Elchi” was informed about this by the State Tax Service under the Ministry of Economy. It is reported that the use of new generation cash registers has enabled more transparent settlements, prevented the illegal circulation of goods, and ensured control over turnover. […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil decreased by 3.62 US dollars, or 3.47%, to 100.78 US dollars. It should be noted that the previous price of Azerbaijani oil was 104.4 US dollars. Let us recall […]

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 0.84% to 4,467 US dollars. The price of July 2026 silver futures per […]