ECONOMY

NEWS

Elchin Amirbayov and Jiri Brodsky discussed security in the South Caucasus

— ECONOMY, NEWS FEED
The President’s Representative at Large Elchin Amirbayov met with Czech Deputy Minister of Foreign Affairs Jiri Brodsky in Prague and discussed security issues in the South Caucasus. “Elchi” reports that J. Brodsky shared this information on his “X” social media account. “I am pleased to welcome the President’s Representative at Large of Azerbaijan, Elchin Amirbayov, […]
NEWS

Tourist arrivals from Iran to Azerbaijan decreased by 3%

— ECONOMY
In January-February of this year, 30,506 tourists arrived in Azerbaijan from Iran. This was reported to “Elchi” by the State Tourism Agency. According to the information, this is 2.9% less compared to the same period last year. Thus, in January-February of last year, this figure was 31,421 people.
NEWS

Tourist flow from Israel to Azerbaijan has more than doubled

— ECONOMY
In January-February of this year, 8,863 tourists from Israel visited Azerbaijan. This was reported to elchi by the State Tourism Agency. According to the information, this is 2.1 times more compared to the same period last year. Thus, in January-February of last year, this figure was 4,147 people.
NEWS

Dollarization is decreasing in Azerbaijan

— ECONOMY
Dedollarization trends in the market continue. During 2025, the dollarization of the loan portfolio in the banking sector decreased by 1.9 percentage points to 14.2% (a historical low). The dollarization of the deposit portfolio decreased by 1.9 percentage points compared to the end of 2024, amounting to 35.6%. “Elchi” reports this with reference to the […]
NEWS

Consumer loan portfolio in Azerbaijan has increased by nearly 11%

— ECONOMY
In 2025, compared to the beginning of the year, the consumer loan portfolio in Azerbaijan increased by 10.8% (909 million manats), reaching 9.4 billion manats. “Elchi” reports that this was noted in the Central Bank’s “Financial Stability Report”. It was stated that the annual growth rate of the consumer portfolio in 2025 was 10.8%, which […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 14, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0380 manats. The euro appreciated to 2.0004 manats, and 100 Russian rubles appreciated to 2.2320 manats.  
NEWS

The price of gold in commodity markets is approaching 4800 dollars

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has increased. “Elchi” reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.57% to 4,794.35 US dollars. The price of May 2026 silver futures per […]
NEWS

The price of Brent crude oil on world markets has fallen below $98

— ECONOMY
During trading operations on the ICE London Intercontinental Exchange, the value of the June 2026 contract for the export of Brent crude oil decreased by 1.46% to 97.91 US dollars per barrel. According to elchi, the price of 1 barrel of WTI crude oil for export in May 2026 on the New York NYMEX commodity […]
NEWS

US stock markets rose amid easing tensions in the Middle East

— ECONOMY
Growth has been observed in the main indices of the US stock markets. “Elchi” reports that the Dow Jones Industrial Average index in the US markets rose by 0.63% to 48,218.25 points. The S&P 500 increased by 1.02% to 6,886.24 points, and the Nasdaq Composite rose by 1.23% to 23,183.74 points. In European markets, a […]
NEWS

OPEC has updated its global oil demand forecast for 2026-2027

— ECONOMY
The Organization of the Petroleum Exporting Countries (OPEC) has released its forecast for average daily global oil demand for 2026-2027. According to “Elchi”, this was reported citing OPEC’s monthly report. According to the report, the average daily global oil demand next year will be 107.87 million barrels (the forecast remains unchanged), which is 1.34 million […]