ECONOMY

Within the framework of the “Shah Deniz 2” project, 17 billion cubic meters of gas are currently being produced annually. This was reported to “Elchi” by “BP Azerbaijan”. It was stated that the total production from “Shah Deniz”, including the first phase of the field’s development, currently amounts to 27 billion cubic meters of gas […]

It is expected that the stabilization of prices in the meat market in Azerbaijan will be ensured through increasing production and reducing production costs. elchi reports that Deputy Minister of Agriculture Zaur Aliyev stated this at a press conference. The Deputy Minister noted that the main goal is to increase meat production, improve productivity, and […]

104 km of water network is in operation in Khankendi. “Elchi” reports that Mushvig Adgozalov, head of the Karabakh Water Melioration Systems Operation Department, stated this to journalists during a media tour of the liberated territories organized by the State Water Resources Agency of Azerbaijan (ADSEA). He noted that residents in the city of Khankendi […]

To increase farmers’ access to information, apply advanced technology, and make necessary data more accessible to them, a modular electronic digital platform will be launched within the framework of the existing “Ektis” program. elchi reports that Deputy Minister of Agriculture Zaur Aliyev said this in response to journalists’ questions at a press conference dedicated to […]

The construction of a new collector system for rainwater collection is planned in Khankendi. elchi‘s correspondent sent to Khankendi reports that Mushfig Adigozalov, Chairman of the Karabakh Regional Water Melioration Systems Operation Department, stated this to journalists during a media tour organized to Karabakh. M. Adigozalov noted that design work for the project is currently […]

3 wagons of wheat, 2 wagons of barley, and 1 wagon of fertilizer will be sent from Russia to Armenia in transit through Azerbaijan. “Elchi” reports that the wagons will be dispatched from Bilajari station today.

Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 2.72 US dollars, or 2.68%, reaching 104.40 US dollars. It should be noted that the previous price of Azerbaijani oil was 101.68 US dollars. We remind […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-according to the information, on June 4, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0370 manats. The Euro decreased to 1.9737 manats, and 100 Russian rubles decreased to 2.3076 manats. Code Rate USD 1.7 EUR 1.9737 […]

The value of futures for one troy ounce (31.1 grams) of gold has increased in commodity markets. “Elchi” reports that data from decades of research shows, citing long-term stock exchange data, that the value of August 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 0.69% to […]