ECONOMY

The foreign exchange reserves of the Central Bank of Azerbaijan reached 13 billion 157.6 million dollars as of July 1 of this year. elchi reports this citing the CBA. According to the information, the Central Bank’s foreign exchange reserves have increased by 3.5% in the last month and by 18% in the last year.

The Black Sea Trade and Development Bank (BSTDB) has maintained the region’s resilience. “Elchi” reports that this was stated by Sahil Babayev, Minister of Finance of the Republic of Azerbaijan and BSTDB Governor for Azerbaijan, during his speech at the opening ceremony of the 28th Annual Meeting of the BSTDB Board of Governors. He noted […]

In 2027, the chairmanship of the 29th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank (BSTDB) will pass to Bulgaria. elchi reports that this was announced at the Bank’s 28th Annual Meeting of the Board of Governors held in Baku. It should be noted that at the meeting […]

Azerbaijan has been elected to the leadership of the UN Economic Commission for Europe (UNECE) Committee on Innovation, Competitiveness and Public-Private Partnerships. This was reported to elchi by the Ministry of Economy. Within the framework of the 19th session of the UN Economic Commission for Europe (UNECE) Committee on Innovation, Competitiveness and Public-Private Partnerships (CICPPP) […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on July 1, the US dollar exchange rate remained unchanged at 1.7000 manats, while the Turkish lira stood at 0.0364 manats. In turn, the Russian 100 rubles depreciated to 2.1697 manats, and the euro appreciated to 1.9394 manats.   Currency Code […]

A legal basis is being established for the rules and procedures regarding whether a non-resident legal entity or individual, for whom it has been determined that the procuring organization cannot pay the performance and/or advance security, is exempted from the obligation to provide such performance and/or advance security. “Elchi” reports that the draft law providing […]

A legal basis is being formed regarding the rules and procedures for determining whether a non-resident legal entity or individual, for whom it has been determined that the procuring organization cannot pay the performance and/or advance payment guarantee, is exempted from the obligation to provide such performance and/or advance payment guarantee. elchi reports that this […]

The next coupon payment on the European Bank for Reconstruction and Development (EBRD) bonds will be made. This was reported to elchi by the National Depository Center (NDC). It was noted that on July 1, 2026, the next coupon payment will be made for the floating-rate bonds issued by the EBRD, which are indexed to […]

Since the date of its commissioning, a total of 99.6 billion cubic meters of Azerbaijani gas has been transported via the Trans-Anatolian Natural Gas Pipeline (TANAP). According to elchi, this was reported with reference to the Ministry of Energy.   According to the information, 39.6 billion cubic meters of the mentioned volume were exported to […]