ECONOMY

As part of the annual work program for the “Azeri-Chirag-Deepwater Gunashli” field, the planned preventive maintenance program on the Central Azeri platform, which began on August 19 and lasted for 11 days, has been fully implemented and successfully completed ahead of schedule. “Elchi” reports this with reference to bp. All work planned under the program […]

Azerbaijani oil of the “Azeri Light” brand has decreased in price by more than 3 dollars. “Elchi” reports that the last trading price of a barrel of Azerbaijani oil has fallen by 3.20 dollars, or 3.4%, to 91.93 US dollars. Previously, a barrel of “Azeri Light” was traded at 95.13 dollars. It should be noted […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-ın məlumatına görə, on August 26, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0353 manats. The Russian 100 rubles fell to 2.0265 manats, while the euro increased to 1.9825 manats.

During the period of January-July 2026, the consolidated budget revenues amounted to 28 billion 841.8 million manats. “Elchi” reports this with reference to the Ministry of Finance. During the period, the consolidated budget expenditures were executed in the amount of 23 billion 742.4 million manats.

A positive dynamic has been observed in the execution of the state budget in January-July of this year. According to the information provided to “Elchi” by the Ministry of Finance, during this period, the execution of requests related to treasury operations was ensured in accordance with legislative requirements, quickly and without errors, and more than […]

Azerbaijan is further strengthening its position as an international transport and logistics hub. As a result of the development of the East-West and North-South international transport corridors, as well as major infrastructure projects implemented in recent years, the volume of transit transportation in the first seven months of 2026 exceeded 9.1 million tons, rising to […]

In January-July of this year, the retail trade turnover in Azerbaijan amounted to 38 billion 358.5 million manats. elchi reports this with reference to the State Statistical Committee. According to the information, this figure increased by 3.8% compared to the corresponding period of last year.

In January-July of this year, 11 billion 111.9 million manats were invested in fixed capital. “Elchi” reports with reference to the State Statistical Committee that this figure is 10.7% higher compared to the corresponding period of the previous year. During the reporting period, the volume of investments directed to the non-oil and gas sector amounted […]

In January-July of this year, the nominal income of the Azerbaijani population reached 55 billion 631.8 million manats. “Elchi” reports this with reference to the State Statistical Committee. According to the information, this figure is 9.8% higher compared to the same period last year.

Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in price on world markets. “Elchi” reports that the price of one barrel of Azerbaijani oil has increased by 0.56 dollars, or 0.6%, reaching 93.93 US dollars. It should be noted that the previous price of Azerbaijani oil was 93.37 US dollars. We remind you […]