ECONOMY

In world markets, the price of Azerbaijani “Azeri Light” (CIF) crude oil has fallen. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 1.56 US dollars or 1.17%, reaching 130.79 US dollars. It should be noted that the previous price of Azerbaijani oil was 132.35 US dollars. It is worth recalling […]

The value of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the value of June 2026 gold futures per troy ounce decreased by 2.38%, reaching 4,698.50 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

During the holidays (March 20-30), various types of insurance incidents were recorded in many regions of our republic, including Baku, both during holiday festivities and vacation travels, and as a result of above-normal rainfall recorded across the republic. “Elchi” reports that this was stated by the Azerbaijan Insurers Association. It was noted that, according to […]

New stops have been designated for night trains along the Baku–Balakan–Baku route. According to information provided by ‘Azerbaijan Railways’ CJSC to “Elchi”, starting from April 1st, trains also stop at Ujar and Laki stations. This innovation allows more passengers to use the night train comfortably and accessibly. After the introduction of new stops, the timetable […]

Azerbaijan is one of the countries that has relatively benefited from the recent tensions in the Middle East, but this advantage is mainly due to prices, not volume. “Elchi” reports that the Netherlands’ largest financial group, ING Group, has released information on this matter. It was stated that as an exporting country, every $10/barrel increase […]

Azerbaijani oil of “Azeri Light” (CIF) brand has risen in price in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 4.3 US dollars or 3.36%, reaching 132.35 US dollars. It should be noted that the previous price of Azerbaijani oil was 128.05 US dollars. It is worth recalling […]

The price of gold futures for one troy ounce (31.1 grams) has increased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of June 2026 futures for one troy ounce of gold increased by 0.69%, reaching 4,710.92 US dollars. On COMEX, however, the price of May 2026 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on April 1, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0382 manats. The price of the Euro increased to 1.9661 manats, and 100 Russian rubles increased to 2.0902 manats. Currency Code […]

Three leasing companies have announced their liquidation in Azerbaijan. “Elchi” reports that creditors of “GM Lizinq” LLC, “Universal Lizinq” LLC, and “NM Lizinq” LLC can submit their claims within two months to the address: Baku city, Narimanov district, Garabagh street, house 8 (AZ1069). It should be noted that all three companies were state-registered in 2021, […]