ECONOMY

In January–June of this year, the total turnover of the “Baku Stock Exchange” (BSE) amounted to 23.8 billion manats. elchi reports, citing the BSE, that this figure has decreased by 34.9% compared to the same period last year. During the reporting period, the number of transactions concluded on the BSE was 35,442. The total volume […]

Azerbaijan Airlines (AZAL) has resumed its flights on the Baku–Nakhchivan route, and flights are currently being operated according to the schedule. This was reported by “Elchi” with reference to AZAL. It should be noted that after the stabilization of weather conditions in the region, the flights are continuing to operate in normal mode.

The Asian Development Bank (ADB) has approved a new technical assistance program aimed at strengthening public financial management and public procurement systems in the Asia-Pacific region, which includes Azerbaijan. “Elchi” reports that the total value of the regional project titled “Conducting Fiduciary Assessments and Strengthening Public Financial Management Systems in the Asia and Pacific Region” […]

During trading operations on the “ICE London” intercontinental exchange, the value of the August 2026 contract for the export of “Brent” crude oil increased by 0.74% to 72.52 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in August 2026 on the New York “NYMEX” commodity […]

The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 0.78 dollars, or 1.1%, reaching 73.71 US dollars. It should be noted that the previous price of Azerbaijani oil was 72.93 US dollars. Recall that […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information indicates that on July 7, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0363 manats. In turn, 100 Russian rubles depreciated to 2.1954 manats, while the euro appreciated to 1.9442 manats.

Saudi Arabia has implemented the largest discount in the last 26 years on the official selling price of its “Arab Light” crude oil for the Asian market. elchi reports that the Saudi state oil company “Aramco” will reduce the price of a barrel of “Arab Light” crude oil by $11 for next month. This is […]

President Ilham Aliyev has signed a decree on the execution of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) budget for 2025. “Elchi” reports that last year, SOFAZ’s budget revenues amounted to 17 billion 160.4 million manats, while budget expenditures totaled 14 billion 627.2 million manats. During the year, the Fund generated 10 […]

“Balakhani Operating Company LTD” (BOC), which carries out production activities in the “Balakhani-Sabunchu-Ramana” field based on the “Production Sharing Agreement” with SOCAR, has finished the first half of 2026 with record figures. “Elchi” reports that the company has increased its average daily production to 1,000 tons. In addition, as a result of the application of […]