ECONOMY

In July, Kazakhstan redirected a portion of its oil exports to alternative routes due to disruptions in the operations of the Caspian Pipeline Consortium (CPC). elchi reports that the Ministry of Energy of Kazakhstan has provided information regarding this matter. According to the ministry’s statement to the Interfax-Kazakhstan agency, work is underway to redistribute export […]

The value of futures for one troy ounce (31.1 grams) of gold on commodity markets has increased. “Elchi” reports, citing exchange data, that the value of December 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.05% to 4,401.7 US dollars. On COMEX, the price of September 2026 silver […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, the exchange rate of the US dollar remained unchanged at 1.7000 manats on August 10, while the Turkish lira stood at 0.0356 manats. In turn, 100 Russian rubles depreciated to 2.0646 manats, and the euro appreciated to 1.9638 manats. Currency Code […]

During trading operations on the ICE London Intercontinental Exchange, the value of the October 2026 contract for the export of Brent crude oil increased by 0.39% to 83.88 US dollars per barrel. According to “Elchi”, the price of 1 barrel of WTI crude oil for export in September 2026 on the New York NYMEX commodity […]

During the trading operations held on the ICE London Intercontinental Exchange, the value of the October 2026 contract for the export of “Brent” crude oil increased by 1.29% to 83.55 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in September 2026 on the New York […]

Although Kazakhstan currently sees no economic or volume-based alternative to the Caspian Pipeline Consortium (CPC), it is working on the development of new export routes. According to Interfax, this was stated by Askhat Khasenov, Chairman of the Management Board of KazMunayGas, at a meeting of the Samruk-Kazyna Public Council. According to him, within the framework […]

The State Oil Fund (SOFAZ) has allocated 86.9 million manats in 2025 for the financing of the state program for the education of youth in prestigious foreign universities. elchi reports that this is stated in the report of the Chamber of Accounts on the results of the audit of the formation and use of the […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on August 7, the exchange rate of the US dollar remained unchanged at 1.7000 manats. In turn, the Turkish lira depreciated to 0.0356 manats, the Russian 100 rubles to 2.0816 manats, and the euro to 1.9591 manats. Currency Code Rate 1 […]

In 2025, the total volume of Azerbaijani corporate bonds decreased by $290.2 million compared to the beginning of the year, falling from $1,683.8 million to $1,393.6 million. elchi reports that this is stated in the Chamber of Accounts’ report on the results of the audit of the formation and use of the State Oil Fund’s […]

In January–July of this year, 11 billion 474.1 million manats in tax revenue were collected for the state budget through the State Tax Service. “Elchi” reports, citing the State Tax Service, that this figure is 848.1 million manats higher than the forecast. Compared to the corresponding period of 2025, tax revenues have increased by 913.3 […]