ECONOMY

NEWS

Cooperation between Azerbaijan and the World Bank on public financial management discussed

— ECONOMY
Cooperation between Azerbaijan and the World Bank on public financial management and results-based budgeting mechanisms has been discussed elchi reports, citing the Ministry of Finance, that today the First Deputy Minister of Finance Anar Karimov met with a delegation led by Ms. Fabienne Mroczka, Senior Public Sector Specialist at the World Bank. During the meeting, […]
NEWS

Ministry of Finance: Assets of the housing finance fund in Azerbaijan have exceeded 2 billion dollars

— ECONOMY
“The assets of the housing finance fund in Azerbaijan have exceeded 2 billion dollars.” elchi reports that this was stated by Anar Karimov, First Deputy Minister of Finance of Azerbaijan, during the “A New Deal for Housing Finance” session held within the framework of WUF13.   He stated that Azerbaijan’s housing finance model combines state […]
NEWS

Deputy Minister: 58 thousand families in Azerbaijan have become homeowners through the mortgage mechanism

— CURRENT EVENTS, ECONOMY
58 thousand families in Azerbaijan have become homeowners through the mortgage mechanism. “Elchi” reports that this was stated by Anar Karimov, First Deputy Minister of Finance of Azerbaijan, at the “A New Deal for Housing Finance” session held within the framework of WUF13. He stated that housing policy is not only about buildings, but also […]
NEWS

Key index indicators of world stock markets

— ECONOMY
In the American stock markets, the Dow Jones index increased by 1.31% to 50,009.35 points, the S&P 500 index by 1.08% to 7,432.97 points, and the Nasdaq index by 1.54% to 26,270.36 points. According to “Elchi”, in the European stock markets, the FTSE 100 index rose by 0.99% to 10,432.34 points, Germany’s DAX index by […]
NEWS

New approaches to housing finance discussed at WUF13

— ECONOMY
Within the framework of the World Urban Forum (WUF13) held in Baku, a dialogue on “A New Deal for Housing Finance” was organized. elchi reports that the event is attended by Anar Karimov, First Deputy Minister of Finance of Azerbaijan, officials from UN-Habitat and the Asian Development Bank (ADB), as well as representatives from India, […]
NEWS

Gold and silver prices have fallen in commodity markets

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. Citing “Elchi” exchange data, it is reported that the value of gold futures for June 2026 per troy ounce on the New York COMEX commodity exchange decreased by 0.08% to 4,531.9 US dollars. The price of silver futures […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information states that on May 21, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0373 manats. The Euro increased to 1.9759 manats. 100 Russian rubles decreased to 2.3815 manats. Currency Code Rate 1 US […]
NEWS

World Bank’s financing of the Bilasuvar–Astara road rehabilitation discussed

— ECONOMY, NEWS FEED
Potential financing opportunities for the rehabilitation of the Bilasuvar–Astara section of the M3 highway between Azerbaijan and the World Bank have been reviewed, and the strategic role of regional transport corridors in strengthening economic integration has been emphasized. elchi reports this with reference to the Ministry of Finance. According to the information, today Minister Sahil […]
NEWS

Prospects for the development of economic cooperation between Azerbaijan and Oman discussed

— ECONOMY
The current state of economic relations between Azerbaijan and Oman and the prospects for the development of cooperation have been discussed. “Elchi” reports with reference to the Ministry of Economy that Minister of Economy Mikayil Jabbarov held a meeting with Khalfan Al-Shuaili, Minister of Housing and Urban Planning of the Sultanate of Oman, within the […]
NEWS

These materials have become MORE EXPENSIVE in the construction market

— ECONOMY
According to the data released by the Azerbaijan Appraisers Society (AAS) for April, the increase in costs in the construction sector has accelerated. elchi reports that in April 2026, construction costs rose by approximately 6.8% compared to December 2025, with the index reaching 106.8 points. The price increases were recorded primarily in metal products, concrete, […]