ECONOMY

NEWS

Gold and silver cheapen in commodity markets

ECONOMY
The price of gold futures per troy ounce (31.1 grams) has decreased 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 11.39% to 4,745.10 US dollars. The price of March 2026 […]
NEWS

Oil prices fall in world markets

ECONOMY
During trading operations on the ICE London Intercontinental Exchange, the value of April 2026 contract for Brent oil exports decreased by 0.39% to $69.32 per barrel. According to Elchi.az, the price of 1 barrel of WTI crude oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also decreased by 0.32% to […]
NEWS

Gold futures price falls below $4,850 per ounce

ECONOMY
The value of gold futures for delivery in April 2026 on the Comex exchange has fallen below $4,850 per troy ounce. Elchi.az reports that this is confirmed by the trading platform’s data. At 21:42 Baku time, the price of the precious metal decreased by 8.68% to 4,890 per troy ounce. By 21:47, the price of […]
NEWS

ING: Central Bank of Azerbaijan to keep the discount rate stable

ECONOMY
The Central Bank of Azerbaijan (CBA) will keep the discount rate unchanged at 6.75% at the meeting to be held on February 4. Elchi.az reports that this was stated by the largest financial group in the Netherlands, ING Group. ING noted that although certain prerequisites have been formed for easing monetary policy in Azerbaijan, the […]
NEWS

ADY Chairman meets with his Georgian counterpart

ECONOMY
Rovshan Rustamov, Chairman of “Azerbaijan Railways” CJSC (ADY), which is one of the AZCON Holding companies, met with Lasha Abashidze, General Director of “Georgian Railways” JSC. According to the information provided to Elchi.az from ADY, satisfaction was expressed at the level of cooperation in the railway sector between the two countries, and issues such as […]
NEWS

Key index indicators of world stock markets

ECONOMY
In the American stock markets, the Dow Jones index increased by 0.11% to 49,071.56 points, the S&P 500 index by 0.13% to 6,969.01 points, and the Nasdaq index decreased by 0.72% to 23,685.12 points. According to Elchi.az, in the European stock markets, the FTSE 100 index increased by 0.17% to 10,171.76 points, the German DAX […]
NEWS

Today’s exchange rates

ECONOMY
The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 30, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0391 manats, the euro decreased to 2.0272 manats, and 100 Russian rubles increased to 2.2385 manats. 1 US dollar USD 1,7 1 […]
NEWS

Train traffic on the subway has been restored according to schedule – UPDATED-1

ECONOMY
Train traffic has been restored on the Green and Red lines, with intervals maintained. This was reported by Baku Metro CJSC. It was noted that there are no delays. *** 17:50 Today, at around 17:03, a technical malfunction occurred in a train at the Narimanov station of the subway. With the involvement of an auxiliary […]
NEWS

Bakı–Tbilisi–Qars dəmir yolu üzrə müqavilələr imzalanıb

ECONOMY
Today in Tbilisi, relevant agreements were signed between “BTKI Railways” LLC, a joint venture of “Azerbaijan Railways” CJSC (ADY) and “Marabda-Kartsaxi Railway” LLC’s subsidiary companies, and “Georgian Railways” SC in order to ensure the full operation of the Baku-Tbilisi-Kars (BTK) railway line. According to the information provided to Elchi.az from ADY, one of the agreements […]
NEWS

The riskiest internet providers of the past year have been announced

ECONOMY
Based on applications made to the “E-Complaint” platform of the Information Communication Technologies Agency (IKTA), the riskiest internet providers for the past year have been announced. Elchi.az was informed about this by IKTA. According to the information, “Uplink” LLC, as well as “Flexnet” and “Sline” LLCs, which were included in the list in the IV […]