ECONOMY

The “Global Shapers Annual Summit” was held in Geneva within the framework of the World Economic Forum. elchi reports that more than 500 young leaders from 140 countries participated in the event. During the event, discussions were held on topics such as artificial intelligence, leadership, sustainable development, digital transformation, and the future of communities. Rahim […]

In order to ensure accessibility to public catering facilities, recreation areas, and parking points located in areas where vehicle traffic is restricted in the capital, free shuttles have been put into operation. This was reported to “Elchi” by the Azerbaijan Land Transport Agency (AYNA). It was stated that one of the new shuttles – minibus […]

“AzerGold” CJSC has presented a commemorative coin collection designed specifically to mark the 10th anniversary of its operations. “Elchi” reports that the collection reflects the contributions made by “AzerGold” CJSC to the development of the country’s mining industry over the past decade. The obverse of the gold and silver coins features elements symbolizing the corporate […]

Oil has become relatively cheaper on world markets. elchi reports that August futures for WTI crude oil on the New York NYMEX commodity exchange fell by 0.02 USD or 0.03%, reaching 68.67 USD per barrel. On the ICE London exchange, the price of September futures for Brent crude oil decreased by 0.17 USD or 0.24%, […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-ın məlumatına görə, on July 6, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0363 manats. In turn, 100 Russian rubles increased to 2.2041 manats, while the euro decreased to 1.9436 manats.  

Digital transformation has already become one of the main directions of economic development, public administration, and public services in all countries of the world. Almost all areas, from banking operations to the tax system, from healthcare to education, and from e-government services to daily shopping, are rapidly digitizing. While this process makes citizens’ lives easier, […]

An article has been published in “The National Interest” regarding how an Iran war is leading to an increased role for the Middle Corridor. According to a report by elchi, the article highlights as a key point that the outbreak of war between Iran, the US, and Israel in February 2026, followed by the crisis […]

In June, more than 18 million passengers were transported by metro. This was reported to elchi by Baku Metropolitan CJSC. It was stated that compared to June of last year, the number of passengers transported increased by 6.9%. In terms of the number of trips, the leader of the month was the “Koroglu” station with […]

A delegation led by Rovshan Rustamov, Chairman of “Azerbaijan Railways” CJSC (ADY), which is one of the AZCON Holding companies, held bilateral meetings with the leadership of Russian Railways (RJD) and trilateral meetings with the participation of the heads of the Russian and Iranian railway administrations during a business visit to the Russian Federation. elchi […]