ECONOMY

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on December 30, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0396 manats. The Euro rose to 1.2022 manats, while 100 Russian rubles fell to 2.1715 manats. 1 US dollar USD 1,7 1 […]

On January 5, the National Depository Center (NDC) will make the first coupon payment on floating rate bonds issued by the European Bank for Reconstruction and Development. Elchi.az was informed about this by the NDC. It was noted that the amount of the coupon payment per bond is 1,853.33 AZN. It should be noted that […]

In January-October 2025, the average monthly nominal salary of employees in Baku increased by 8.5 percent compared to the corresponding period of 2024, amounting to 1357.5 manats. This was reported to Elchi.az by the Baku City Statistics Department. It should be reminded that in January-October 2025, the average monthly nominal salary of employees in the […]

Expenditures of the Mandatory Health Insurance Fund’s 2026 budget have been approved in the amount of 2,621,460,000.00 manats. Elchi.az reports that this is reflected in President Ilham Aliyev’s Decree “On the budget of the Mandatory Health Insurance Fund for 2026”. According to the decree, the sources of financing for these expenses are as follows: – […]

Excise taxes on tobacco products will be increased from next year. Elchi.az reports that this is reflected in the amendment to the Tax Code approved by President Ilham Aliyev. The excise rate for products intended for inhalation without ignition, containing tobacco or reconstituted tobacco, is increased from 16 manats to 25.5 manats per thousand for […]

Income from the lease of residential areas owned by individuals (excluding accommodation facilities located in hotels and hotel-type facilities) to individuals will be taxed at a rate of 10 percent at the source of payment. Elchi.az reports that this is reflected in the amendment to the Tax Code approved by President Ilham Aliyev. Thus, while […]

Taking into account the expected increase in passenger flow and the high intensity of travel in the coming days, Heydar Aliyev International Airport will operate in an enhanced mode from December 29 to January 5 to ensure uninterrupted, safe and high-quality passenger services. According to the airport, all key service structures of the airport will […]

China’s foreign direct investment (FDI) portfolio in the South Caucasus region has increased 2.5 times in the last decade, reaching 690 million US dollars in the first half of 2025. Approximately 60% of these investments were directed to Azerbaijan, and 40% to Georgia. Elchi.az reports that this was stated by the Eurasian Development Bank (EDB). […]

The State Service for Antimonopoly and Control over the Consumer Market (only for services provided at the Baku SME House) and its regional divisions, as well as the Consumer Goods Expertise Center and its regional divisions operating under the Agency, will operate on a non-working day – January 3, 2026. This was reported to Elchi.az […]

Some branches and departments of banks and “Azerpost” LLC, as well as currency exchange points, will operate on non-working days from December 31, 2025 to January 4, 2026. Elchi.az reports with reference to the Central Bank of Azerbaijan. According to the information, in order to ensure continuous access to currency exchange services for tourists visiting […]