ECONOMY

The average annual inflation in Azerbaijan will decrease to 4% by 2028. Elchi.az reports that this was stated in the forecast of the international rating agency “Moody’s”. According to the rating agency’s estimates, the average annual inflation in Azerbaijan will decrease to 4.8% in 2026 and to 4% in 2027.

At the “SOCAR Carbamide” plant, through the application of analytical solutions in 2023-2024, improvements in operational capacity and cost reduction have been achieved. Elchi.az reports with reference to Telegraf that Emil Alkhasli, General Director of “SOCAR Downstream Management” LLC, said this in a statement to journalists. He noted that during that period, the plant’s production […]

Baku Metro, which is taking important steps towards sustainable development with the application of innovative approaches, has prepared its first “Sustainability Report” covering 2024. Elchi.az reports that the Report, prepared in accordance with the Global Reporting Initiative (GRI) standards, covers the company’s activities aimed at a sustainable future, as well as demonstrates its commitment to […]

Armenia and Azerbaijan will be able to mutually use the possibilities of importing and exporting electricity within the framework of the TRIPP project. APA reports with reference to the Armenian media that this was stated by Prime Minister Nikol Pashinyan during the “government hour” held in the parliament. Pashinyan said that the energy systems of […]

Azerbaijani Minister of Economy Mikayil Jabbarov discussed prospects for economic partnership with Israeli Minister of Economy and Industry Nir Barkat. Elchi.az reports that Minister M. Jabbarov wrote about this on his official “X” page. “Within the framework of participation in the Davos Economic Forum under the leadership of President Ilham Aliyev, we met with the […]

Azerbaijan’s degree of compliance with international standards in the field of combating the legalization of criminally obtained property and the financing of terrorism (AML/CFT) has been increased. This was reported to Elchi.az by the Financial Monitoring Service. It was noted that the first progress report on Azerbaijan’s 5th round assessment in this area was approved […]

The price of gold in world commodity markets has renewed its historical record, exceeding $4800. Elchi.az reports that both futures and spot prices of gold have increased. According to the information, the February 2026 futures contract for gold on Comex increased by $96.8 or 2.03% during the day, reaching $4,862.6 per troy ounce. At the […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 21, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0393 manats. The Euro rose to 1.9821 manats, and 100 Russian rubles to 2.1870 manats.