ECONOMY

“S&P Global Ratings” international rating agency has announced a decrease in industry risk for the banking sector in Azerbaijan due to the strengthening of regulatory and supervisory mechanisms. “Elchi” reports this with reference to the Agency. The Agency has reduced the industry risk indicator in Azerbaijan’s Banking Industry Country Risk Assessment (BICRA) from 8 to […]

Gold price exceeds $5,000 in world commodity markets. “Elchi” reports that on the Comex exchange (GC1), the price of gold futures increased by 1.98% to $5,046.3/ounce, with a price increase of $97.9. In the spot market (XAU/USD), the price of gold rose by 2.43% to $5,042.04/ounce. Silver on Comex rose by 3.02% to $77.96/ounce. Copper […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has slightly decreased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 0.46 US dollars or 0.66% to 69.57 US dollars. It should be noted that the previous price of Azerbaijani oil was 70.03 US dollars. It should […]

Oil prices have risen in global commodity markets. “Elchi” reports that the price of WTI crude oil on the Nymex exchange for the March contract of this year increased by 0.08% or $0.05 to $62.89/barrel. On the ICE exchange, the price of Brent crude oil for the April contract of this year increased by 0.34% […]

From February 14, 00:00 to 07:00, traffic will be restricted from the overpass at the intersection of Heydar Aliyev Avenue and Zigh highway to the overpass near “Buta Palace”, and on February 15, in the opposite direction, from the overpass near “Buta Palace” to the airport. “Elchi” reports this with reference to the Azerbaijan Land […]

Zaur Mikayilov, Chairman of the Azerbaijan State Water Resources Agency, received citizens from Gabala, Oguz and other regions in the administrative building of the Gabala Water Reclamation Systems Operation Department on February 13, listened to their appeals, and reviewed their applications and complaints. This was reported to “Elchi” from the agency. It was reported that […]

Despite US President Donald Trump’s declaration of neutrality in the battle between media giants, behind-the-scenes details reveal a different reality. Paramount CEO David Ellison returned to the White House last week for a closed-door meeting with President Donald Trump. This meeting took place against the background of Paramount’s aggressive struggle to acquire CNN and Warner […]

The import of works of art, collection items and antiques into the country is exempt from value added tax (VAT). According to “Elchi”, this is reflected in the amendment to the Tax Code, which was discussed at today’s meeting of the Milli Majlis. According to the project, the import of works of art, collection items […]