ECONOMY

As of August 1, 2026, Azerbaijan’s external public debt amounted to 4 billion 590.8 million US dollars. elchi reports that this was stated by the State Statistical Committee. It should be noted that this is 7.5% less compared to the same period last year.

In January-July 2026, the gross domestic product (GDP) of Azerbaijan amounted to 76 billion 817.7 million manats. “Elchi” reports, citing the State Statistical Committee, that this is 1.4% more compared to the same period of the previous year. Over the past year, the value of the country’s oil and gas GDP decreased by 0.6% to […]

During the period of January – July of this year, the volume of VAT refunded to consumers by authorized banks for goods purchased from persons engaged in retail trade and public catering activities within the country (excluding oil and gas products, automobiles, alcoholic beverages, and tobacco products), services in the fields of theater performances, film […]

In July, Kazakhstan redirected a portion of its oil exports to alternative routes due to disruptions in the operations of the Caspian Pipeline Consortium (CPC). elchi reports that the Ministry of Energy of Kazakhstan has provided information regarding this matter. According to the ministry’s statement to the Interfax-Kazakhstan agency, work is underway to redistribute export […]

The value of futures for one troy ounce (31.1 grams) of gold on commodity markets has increased. “Elchi” reports, citing exchange data, that the value of December 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.05% to 4,401.7 US dollars. On COMEX, the price of September 2026 silver […]

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 August 10, while the Turkish lira stood at 0.0356 manats. In turn, 100 Russian rubles depreciated to 2.0646 manats, and the euro appreciated to 1.9638 manats. Currency Code […]

During trading operations on the ICE London Intercontinental Exchange, the value of the October 2026 contract for the export of Brent crude oil increased by 0.39% to 83.88 US dollars per barrel. According to “Elchi”, the price of 1 barrel of WTI crude oil for export in September 2026 on the New York NYMEX commodity […]

During the trading operations held on the ICE London Intercontinental Exchange, the value of the October 2026 contract for the export of “Brent” crude oil increased by 1.29% to 83.55 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in September 2026 on the New York […]

Although Kazakhstan currently sees no economic or volume-based alternative to the Caspian Pipeline Consortium (CPC), it is working on the development of new export routes. According to Interfax, this was stated by Askhat Khasenov, Chairman of the Management Board of KazMunayGas, at a meeting of the Samruk-Kazyna Public Council. According to him, within the framework […]

The State Oil Fund (SOFAZ) has allocated 86.9 million manats in 2025 for the financing of the state program for the education of youth in prestigious foreign universities. elchi reports that this is stated in the report of the Chamber of Accounts on the results of the audit of the formation and use of the […]