ECONOMY

NEWS

Fitch Solutions: Average annual economic growth in Azerbaijan will be 2.7% by 2035

ECONOMY
The average annual growth of the Azerbaijani economy will be 2.7% in 2025–2034. Elchi.az reports that this was stated in the forecast of Fitch Solutions, which is part of the Fitch Group. It was noted that Azerbaijan’s economic growth trajectory will be more stable in the period covering 2025–2034. According to the assessment, during this […]
NEWS

Norm Cement plant increases production capacity

ECONOMY
“Norm” OJSC has successfully completed the project to increase the clinker production capacity of the Norm Cement plant. Elchi.az reports that, thus, the plant’s clinker production capacity has been increased from 1.76 million tons to 2 million tons per year, providing an increase of approximately 14%, which means the possibility of producing an additional 240 […]
NEWS

Over 10 million manats of “tax free” returned to foreigners last year

ECONOMY
In 2025, the amount of VAT (“tax free”) returned from the state budget for goods purchased by foreign citizens for personal consumption in the territory of the republic amounted to 10 million 533.3 thousand manats. Elchi.az reports with reference to the State Tax Service under the Ministry of Economy. It should be noted that last […]
NEWS

Azerbaijani oil has become cheaper

ECONOMY
Azerbaijani oil of the “Azeri Light” (CIF) brand has become cheaper in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil decreased by 1.13 US dollars or 1.72% to 64.6 US dollars. It should be noted that the previous price of Azerbaijani oil was 65.73 US dollars. It should be reminded […]
NEWS

Gold and silver prices decrease in commodity markets

ECONOMY
The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.68% to 4,432.26 US dollars. The price of March 2026 […]
NEWS

COP29 Azerbaijan Operating Company liquidated

ECONOMY
COP29 Azerbaijan Operating Company was liquidated by Order No. 1167/ü dated December 30, 2025, of the Ministry of Ecology and Natural Resources of the Republic of Azerbaijan. Elchi.az reports that a liquidation commission has been established in this regard. Claims related to the creditor debts of the liquidated COP29 Azerbaijan Operating Company must be submitted […]
NEWS

Bu günün valyuta məzənnələri

ECONOMY
Azərbaycan Mərkəzi Bankı bu günün valyuta məzənnələrini açıqlayıb. Elchi.az-ın məlumatına görə, yanvarın 8-də ABŞ dollarının məzənnəsi dəyişməyərək 1,7000 manat, Türkiyə lirəsi 0,0395 manat təşkil edib. Avro 1,9857 manata kimi ucuzlaşıb, Rusiyanın 100 rublu isə 2,1172 manata kimi bahalaşıb. 1 ABŞ dolları USD 1,7 1 Avro EUR 1,9857 1 Avstraliya dolları AUD 1,14 1 Belarus rublu […]
NEWS

The structure of Nakhchivan’s expenses for this year has been announced

ECONOMY, SOCIETY
The main indicators of the 2026 budget of the Nakhchivan Autonomous Republic have been announced. Elchi.az reports that the Ministry of Finance of the Nakhchivan Autonomous Republic released information about this on social network accounts. Next year’s budget revenues and expenditures are projected at 483 million 178 thousand manats. In the structure of budget revenues, […]