ECONOMY

NEWS

Azerbaijan’s export value to Armenia last year announced

ECONOMY
In 2025, Azerbaijan exported products worth 788.8 thousand US dollars to Armenia. Elchi.az reports this with reference to the State Customs Committee. In 2025, there were no exports from Armenia to Azerbaijan. It should be noted that the dispatch of petroleum products from Azerbaijan to Armenia started last year.
NEWS

ADB plans to allocate a $50 million loan to regional countries, including Azerbaijan

ECONOMY
The Asian Development Bank (ADB) is considering the possibility of allocating a loan for a regional project to modernize border crossing points in several countries, including Azerbaijan. Elchi.az reports that the project, called “Modernization of Border Points for Integration, Logistics and Development,” covers Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, China, Tajikistan, Turkmenistan and Uzbekistan. It […]
NEWS

Oil prices slightly increased in world markets

ECONOMY
During trading operations on the ICE London Intercontinental Exchange, the value of the April 2026 contract for Brent oil exports increased by 0.05% to $65.1 per barrel. According to Elchi.az, the price of 1 barrel of WTI oil for export in March 2026 on the New York Mercantile Exchange (NYMEX) also increased by 0.07% to […]
NEWS

Gold price exceeds $5,100 in commodity markets – NEW RECORD

ECONOMY
The price of gold futures per troy ounce (31.1 grams) in commodity markets has updated its historical maximum. Elchi.az reports with reference to the stock exchange data that the price of April 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 1.65% to 5,100.21 US dollars. The […]
NEWS

Trade turnover between Azerbaijan and Russia increased

ECONOMY
In 2025, the volume of trade operations between Azerbaijan and Russia amounted to 4.920 billion US dollars. Elchi.az received information about this from the State Customs Committee. According to the information, this is 120.4 million US dollars or 2.5% more compared to the indicator in 2024. During the reporting period, trade turnover with Russia amounted […]
NEWS

Oil price approaches $66

ECONOMY
Oil has become more expensive in global commodity markets. Elchi.az reports that the price of WTI crude oil on the NYMEX exchange in New York for the March contract of the current year increased by US$1.71 or 2.88% to US$61.07 per barrel. The price of Brent crude oil on the ICE London exchange for the […]
NEWS

The value of natural gas has increased

ECONOMY
Natural gas futures quotes have risen on the New York Mercantile Exchange (NYMEX). Elchi.az reports that natural gas futures in commodity markets gained 4.56% to $5.2750 per 1 million BTU (British thermal unit). The value of a megawatt-hour of gas at the Dutch Title Transfer Facility (TTF) hub increased by 3.39% to 39.37 euros. reports […]
NEWS

Gold price exceeds $5,000

ECONOMY
The price of gold in global commodity markets has exceeded its historical limit, surpassing the $5,000 level. Elchi.az reports that the price of one troy ounce of gold on COMEX (April 2026 contract) was $5,017, which is an increase of $67.6 or 1.37% per day. In the spot market, gold settled at $4,987, up 1.04%. […]
NEWS

Construction of Aghband-Kalale bridge planned to be completed by Novruz holiday

ECONOMY
We plan to complete the construction of the Aghband-Kalale automobile bridge over the Araz River by the Novruz holiday. Elchi.az reports that this was stated by Vahid Jalalzadeh, Deputy Minister of Foreign Affairs of the Islamic Republic of Iran, who is on a visit to Azerbaijan, at a meeting with journalists. Speaking about the progress […]
NEWS

About 1.3 million tons of wheat were imported to Azerbaijan last year

ECONOMY
In January-December 2025, Azerbaijan imported 1 million 267.3 thousand tons of wheat worth 275 million 626 thousand US dollars. Elchi.az reports with reference to the State Customs Committee that this indicator is 1.9% or 24.7 thousand tons less in terms of volume and 1.5% or 4.1 million US dollars less in terms of value compared […]