ECONOMY

The share of defense and national security expenditures in the state budget will be reduced from 20.3% in 2027 to 18.6% by 2030. elchi reports that this was stated in the Medium-term budget framework for 2027-2030 prepared by the Ministry of Finance. According to the document, the share of expenditures on healthcare, social protection and […]

The medium-term budget framework for 2027-2030 has been announced in Azerbaijan. “Elchi” reports this with reference to the Ministry of Finance. It is noted that the medium-term budget framework was prepared in accordance with the “Rules for the preparation of the medium-term expenditure framework” approved by Decree No. 235 of the President of the Republic […]

In January-March of this year, 1,525.9 million manats were invested in Azerbaijan’s oil and gas sector. According to elchi, citing the State Statistical Committee, this information was reported. According to the data, the volume of investments directed to the oil and gas sector during the reporting period increased by 44.6% compared to the indicator of […]

In January-March of this year, 6,540.9 kWh of electricity was produced in Azerbaijan, which means a 3% decrease compared to the previous year. This was reported by “Elchi” with reference to the State Statistical Committee. According to the information, during the reporting period, 6,342.6 kWh of the electricity produced in the country accounted for commercial […]

Starting July 15, the Central Bank of Azerbaijan (CBA) will release updated 100-manat banknotes into circulation. According to information provided to elchi by the CBA, central banks periodically update the design and security systems of banknotes in line with international practice to strengthen the fight against counterfeiting, apply the latest technologies and innovations, and ensure […]

The price of Azerbaijani oil “Azeri Light” (CIF) has decreased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 7.27 USD or 5.78%, amounting to 118.56 USD. It should be noted that the previous price of Azerbaijani oil was 125.83 USD. As a reminder, the average price […]

The price of gold has decreased on the New York Stock Exchange. “Elchi” reports that the value of gold futures on the COMEX commodity exchange decreased by 0.02% to 4,849 US dollars. Meanwhile, silver futures per ounce on COMEX increased by 0.46%, reaching 79.90 US dollars.

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 15, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0380 manats. The euro increased to 2.0042 manats, and 100 Russian rubles increased to 2.2428 manats.    

“Bitcoin” and “Ethereum” have increased in price by 5-7% in the last trading session. “Elchi” reports that this is noted in the data from the “Binance” platform. According to the information, the price of “Bitcoin” has exceeded 75 thousand dollars, and “Ethereum” has risen to the level of 2361 dollars. The total value of the […]