ECONOMY

The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.18% to $4,606.56. The price of March 2026 futures for […]

The value of the March 2026 contract for Brent oil exports increased by 0.36% to $64.1 per barrel during trading operations on the ICE London Intercontinental Exchange. According to Elchi.az, the price of 1 barrel of WTI oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also increased by 0.72% to […]

There are great prospects for the development of cooperation between Azerbaijan and the USA in economic-trade, energy, investment, transport-transit, industry and other fields. Elchi.az reports that this was stated at the meeting between the First Deputy Minister of Economy of Azerbaijan, Elnur Aliyev, and the Regional Director of the US Trade and Development Agency (USTDA), […]

Customs duties on the export and import of leather (cattle and lambskins, hides of equidae animals) have been reduced by 2 times. According to Elchi.az, the Cabinet of Ministers has made changes in this regard to the “Commodity nomenclature of foreign economic activity of the Republic of Azerbaijan, rates of import customs duties and rates […]

Changes have been made to the “Commodity nomenclature of foreign economic activity of the Republic of Azerbaijan, rates of import customs duties and rates of export customs duties.” According to Elchi.az, the Cabinet of Ministers has made a decision on this matter. Due to the expiration in 2025 of the current import customs duty rates […]

Temporary additional customs duties have been determined for iron reinforcing bars and glass sheets. Elchi.az reports that Prime Minister Ali Asadov has signed a resolution in this regard. According to the resolution, a customs duty of 150 manats will be applied for 1 ton of rods made of iron or non-alloy steel (iron reinforcing bars), […]

Deputy Minister of Digital Development and Transport Samaddin Asadov met with a delegation led by Karl Kressin, Regional Director of the US Trade and Development Agency, who is on a visit to our country. This was reported to Elchi.az from the Ministry. At the meeting, satisfaction was expressed with the strategic cooperation between Azerbaijan and […]

The 6th meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Azerbaijan and the Italian Republic will be held in Baku on January 13. According to the Ministry of Energy to Elchi.az, the co-chairman of the Commission from the Azerbaijani side is the Minister of Energy Parviz Shahbazov, and from the Italian […]

Opportunities for using water formed in Baku Metro stations will be investigated. Elchi.az reports that this is reflected in the “State Program for 2026−2035 on improving water supply, rain and waste water systems in Baku and the Absheron Peninsula”, approved by President Ilham Aliyev. According to the State Program, in 2026−2027, the Azerbaijan State Water […]

Despite the fact that dividends are not expected from the Southern Gas Corridor (SGC) project in 2025 and that SOCAR, the implementing organization of the projects, does not foresee dividend payments in 2026–2029, the Fund has projected revenues of 404.4 million manats for the SGC project in the 2026 budget project. Elchi.az reports that this […]