ECONOMY

The next batch of oil products will be exported from Azerbaijan to Armenia. This was reported to “Elchi” by Azerbaijan Railways CJSC. According to the information, 8 wagons (479 tons) of diesel fuel will be sent to Armenia on May 9. It should be recalled that so far, more than 8,500 tons of diesel, 979 […]

A “Joint tactical-special exercise of electronic warfare units” was held in Baku with the participation of military personnel from the Azerbaijan Army and the Turkish Armed Forces. According to the information provided to elchi by the Ministry of Defense, the leadership of the Ministry of Defense and other officials observed the progress of the exercise […]

Tomorrow, 8 wagons of diesel fuel will be exported from Azerbaijan to Armenia. “Elchi” reports that tomorrow, at the same time, 6 wagons of fertilizer will be sent from Russia to Armenia via transit through Azerbaijan.

In the first quarter of this year, 4,995 fraud cases involving payment cards occurred within Azerbaijan, totaling 1,350,492 manats. “Elchi” reports this citing the Central Bank of Azerbaijan. During the reporting period, 21.4% of domestic fraud cases were related to account takeovers. Meanwhile, 60.2% of international fraud cases were carried out without the physical presence […]

A drinking water project has been implemented in Findiqan village of Khizi district, and an opening ceremony was held to mark the completion of the project. This was reported to “Elchi” by the State Water Resources Agency of Azerbaijan (ADSEA). The opening ceremony was attended by Ilgar Gulmammadov, Deputy Chairman of the State Water Resources […]

Today, a meeting of the Economic Council was held. According to the information provided to elchi by the press service of the Cabinet of Ministers, the current situation, problems, and development prospects in the tourism sector in Azerbaijan, the expansion of the tourism market, key priority measures for the development of tourism, and current economic […]

In the first quarter of 2026, the value of domestic payment card fraud transactions amounted to 1 million 350 thousand 492 manats. elchi reports, citing the Central Bank, that during the reporting period, a 3.13-fold increase was recorded in the value of domestic fraud transactions compared to the first quarter of 2025. The value of […]

“Azerbaijan Railways” CJSC (ADY), one of the AZCON Holding companies, continues large-scale reconstruction work on railway infrastructure to ensure traffic safety and reliable transportation of passengers and cargo. According to the information provided by “Azerbaijan Railways” CJSC to “ADY”, strategic projects implemented in the liberated territories, which fundamentally change the transport map of the region, […]

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 May 8. The Turkish lira depreciated to 0.0375 manats, and the euro depreciated to 1.9950 manats. The Russian 100 rubles appreciated to 2.2836 manats. Currency Code Rate 1 […]