ECONOMY

The Ministry of Economy of Armenia has confirmed today that the next batch of oil products will be sent from Azerbaijan. APA reports that the press secretary of the Ministry of Economy of Armenia, Lilit Shaboyan, confirmed the information in response to Armenpress’s request. However, she did not disclose any further details. It should be […]

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 […]

“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 […]

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 […]

Based on the decisions of the Supervisory Board of the National Depository Center of the Republic of Azerbaijan (NDC) dated January 07, 2026, new appointments have been made to the NDC’s Supervisory Board. Elchi.az reports with reference to the NDC that, according to the decision, Ibragimova Umeyra Farhad gizi has been appointed as the Chairman […]

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 […]

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 […]

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 […]

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 […]