ECONOMY

In 2025, credit unions in Azerbaijan suffered a loss of 0.3 million manats. Elchi.az reports with reference to the Central Bank of Azerbaijan that in 2024, credit unions earned a net profit of 0.08 million manats. During the reporting period, the net interest income of credit unions amounted to 2 million manats (11.1% more year-on-year), […]

“In some cases, people, including elderly people and people with limited mobility, are forced to cross from the sidewalk to the roadway.” Elchi.az reports that Rahman Hummatov, Deputy Minister of Digital Development and Transport, said this during a round table in Baku on the implementation of the 2025-2030 State Program on improving transport infrastructure in […]

The European Union (EU) has assessed the possibilities of supporting Azerbaijan’s regional transport and connectivity initiatives. Elchi.az reports that this was stated by the Minister of Economy Mikayil Jabbarov on his social network account. The Minister stated that during the meeting with Gert Jan Koopman, Director-General for Neighbourhood and Enlargement Negotiations of the European Commission, […]

By 2030, an additional 25 stops and stations will be put into operation on the railways in the Baku suburbs. Elchi.az reports that Anar Rzayev, chairman of the board of the Azerbaijan Land Transport Agency (AYNA), said this during his speech at a round table dedicated to the implementation of the State Program for 2025–2030 […]

On January 30, the State Program on improving transport infrastructure in Baku and surrounding areas was adopted. Over the past year, extensive work has been done to implement this program. Elchi.az informs that Rahman Humbatov, Deputy Minister of Digital Development and Transport, said this during his speech at the round table dedicated to the implementation […]

Azərbaycan Mərkəzi Bankı bu günün valyuta məzənnələrini açıqlayıb. Elchi.az-ın məlumatına görə, yanvarın 28-də ABŞ dollarının məzənnəsi dəyişməyərək 1,7000 manat, Türkiyə lirəsi 0,0392 manat təşkil edib. Avro 2, 0401 manatadək, Rusiyanın 100 rublu isə 2,2295 manata kimi bahalaşıb. 1 ABŞ dolları USD 1,7 1 Avro EUR 2,0401 1 Avstraliya dolları AUD 1,1891 1 Belarus rublu BYN […]

Futures prices for gold and silver on commodity markets have updated their historical highs per troy ounce (31.1 grams). Elchi.az reports with reference to stock exchange data that the price of April 2026 futures for gold per troy ounce on the New York COMEX commodity exchange increased by 2.96% to $5,272.11. The price of March […]

President of the Republic of Azerbaijan Ilham Aliyev participated in the opening and foundation laying ceremonies of a number of production facilities in Sumgayit Industrial Park on January 27. Industrial parks are becoming one of the new drivers of economic development in Azerbaijan. On the one hand, industrial parks contribute to meeting local demand, and […]

An Agreement Memorandum has been signed between “Azerbaijan Railways” CJSC (ADY), which is one of the AZCON Holding companies, and the Turkish State Railways (TCDD). According to the information provided to Elchi.az from ADY, the purpose of the memorandum signed by ADY Chairman Rovshan Rustamov and TCDD Chairman of the Board and General Director Veysi […]