ECONOMY

It has been determined that changes in the prices of imported food products in Azerbaijan precede food inflation in the domestic market by approximately 2 months. “Elchi” reports that this result is reflected in the research paper titled “Construction and Forecasting of the Imported Food Price Index in Azerbaijan,” prepared by Central Bank of Azerbaijan […]

The next delivery from Azerbaijan to Armenia has been carried out. “Elchi” reports that 17 tank wagons containing 989 tons of diesel fuel were sent from Bilajari station in the direction of Boyuk Kasik. It should be noted that so far, more than 55,000 tons of grain, nearly 9,000 tons of fertilizer, 1,414 tons of […]

The price of Azerbaijani oil in the world market has approached $102. elchi reports that the price of a barrel of “Azeri Light” Azerbaijani oil has increased by 4.35 US dollars, or 4.46%, rising to 101.96 US dollars. Previously, Azerbaijani oil was traded at 97.61 US dollars. It should be noted that in Azerbaijan’s 2026 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın məlumatına görə, on September 2, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira exchange rate remained unchanged at 0.0352 manats. In turn, 100 Russian rubles decreased to 1.9506 manats, while the euro increased to 1.9712 manats.

Starting from September 4, a new bus station service will be organized in Kurdamir and Imishli districts by “Azerbaijan Ground Services” LLC. “Elchi” reports with reference to the Baku International Bus Terminal Complex that the goal is to ensure regular and lawful activities in the field of passenger transportation from these districts to the capital […]

The price of Azerbaijani oil has increased in the world market. elchi reports that the price of Azerbaijani “Azeri Light” oil has increased by 4.72 US dollars or 5.08% compared to the previous indicator, reaching 97.61 US dollars per barrel. It should be noted that the lowest price of “Azeri Light” oil was recorded on […]

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 September 2. The exchange rate of the Turkish lira remained unchanged at 0.0352 manats. In turn, Russia’s 100 rubles decreased to 1.9551 manats, and the euro decreased to […]

A decline in major assets has been observed in the cryptocurrency market over the last 24 hours. “Elchi” reports that according to the “CoinMarketCap” platform, Bitcoin has decreased by 1.59% over the last 24 hours, falling to $77,459.47. Ethereum fell by 2.50% to $2,411.26, and BNB dropped by 0.90% to $687.23. Zcash retreated by 2.32% […]

Oil prices continue to rise in the global market. elchi reports that the price of November futures for Brent crude oil increased by $0.75, or 0.79%, reaching $95.40 per barrel. The price of October futures for WTI crude oil rose by $0.45, or 0.50%, reaching $90.67. The rise in oil prices is attributed to concerns […]