ECONOMY

NEWS

Ministry: Nakhchivan ranks first in Azerbaijan in terms of green energy production

ECONOMY
Nakhchivan ranks first in our country in terms of the amount of sunlight per square meter of area. Nakhchivan also ranks first in both the installed capacity and production of green energy. “Elchi” reports that Cahid Mikayilov, head of the Energy Efficiency Department of the Ministry of Energy, said this at an event held in […]
NEWS

Ambassador: EU supports Azerbaijani municipalities that have joined the Covenant of Mayors Initiative

ECONOMY
The European Union (EU) supports Azerbaijani municipalities that have joined the Covenant of Mayors Initiative through training and methodological support, special technical assistance, best practices, as well as experience exchange, networking and awareness raising. “Elchi” reports that this was stated by the European Union (EU) Ambassador Mariyana Kuyundzhich at an event held in Nakhchivan regarding […]
NEWS

Today’s exchange rates

ECONOMY
The Central Bank of Azerbaijan has announced today’s exchange rates. According to “Elchi”, on February 13, the US dollar exchange rate remained unchanged at 1.7000 manats. The Turkish lira depreciated to 0.0389 manats, the Euro to 2.0167 manats, and 100 Russian rubles appreciated to 2.2015 manats.  
NEWS

Bitcoin Price Drops Below $67,000

ECONOMY
The downward trend continues in the cryptocurrency market. “Elchi” reports that Bitcoin (BTC), the market leader, has fallen by 1.30% in the last 24 hours, reaching $66,330. The value of Ethereum (ETH) has also decreased by 1.11% to $1,947. No significant changes were observed in stablecoins, with Tether (USDT) remaining at $0.9991 and USDC at […]
NEWS

US sells over $1 billion worth of Venezuelan oil

ECONOMY, ECONOMY HEADLINE
US sells over $1 billion worth of Venezuelan oil. Elchi.az reports that US Energy Minister Chris Wright said this in an interview with NBC News. “The US has already sold more than $1 billion worth of Venezuelan oil, and additional sales of approximately $5 billion are expected in the coming months,” he said.
NEWS

Azerbaijan oil price exceeds 72 dollars

ECONOMY
The price of Azerbaijani oil of the “Azeri Light” (CIF) grade has slightly increased in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil increased by 1.06 US dollars or 1.49% to 72.2 US dollars. It should be noted that the previous price of Azerbaijani oil was 71.14 US dollars. It […]
NEWS

Natural gas prices decline on New York Mercantile Exchange

ECONOMY
The price of natural gas futures quotations has decreased on the New York “NYMEX” commodity exchange. Elchi.az reports that the price of natural gas futures for delivery in March 2026 decreased by 0.22% to 3.226 US dollars per 1 million BTU (British thermal unit).
NEWS

“Bitcoin” Drops to $67,000

ECONOMY
The decline in major digital assets continues in the cryptocurrency market. Elchi.az reports that Bitcoin, the market leader, has fallen by 1.01% in the last 24 hours, reaching $67,006. Ethereum also decreased by 0.55% to $1,965. The price of XRP settled at $1.37, decreasing by 0.74% in the daily indicator. Solana fell by 2.37% in […]
NEWS

Bu günün valyuta məzənnələri

ECONOMY
Azərbaycan Mərkəzi Bankı bu günün valyuta məzənnələrini açıqlayıb. Elchi.az-ın məlumatına görə, fevralın 12-də ABŞ dollarının məzənnəsi dəyişməyərək 1,7000 manat, Türkiyə lirəsi 0,0390 manat təşkil edib. Avro 2,0165 manatadək, Rusiyanın 100 rublu isə 2,1985 manata kimi ucuzlaşıb. 1 ABŞ dolları USD 1,7 1 Avro EUR 2,0165 1 Avstraliya dolları AUD 1,2096 1 Belarus rublu BYN 0,5977 […]
NEWS

Rashad Nabiyev: All cybersecurity challenges will be implemented in the near future

ECONOMY
The Information Security and Cybersecurity Strategy has been adopted in Azerbaijan, and all our work is being implemented in accordance with this strategy. Elchi.az reports that this was said by the Minister of Digital Development and Transport Rashad Nabiyev during the meeting dedicated to the unified action plan “Azerbaijan’s new digital architecture” chaired by President […]