ECONOMY

The current state and development prospects of bilateral economic cooperation between Azerbaijan and the United Kingdom were discussed. elchi reports that the Minister of Economy Mikayil Jabbarov shared this on his “X” account. “We met with Lord Anas Sarvar, Minister of State for Trade of the Ministry of Business, Innovation, Science and Trade of the […]

“Azərkosmos” participated in the “Oman Space Conference 2026” conference held in Muscat, which brought together representatives of the space sector. According to elchi, a panel discussion was held within the framework of the event on the topic “Space Policy and International Cooperation”. During the discussions, Azerbaijan’s approach to international cooperation in the space sector, expansion […]

Draft law on the agrarian sector prepared. elchi reports that the draft law will be discussed at tomorrow’s meeting of the Milli Majlis Agrarian Policy Committee.

Azerbaijan and Kazakhstan will complete the laying of the Trans-Caspian fiber-optic cable line along the bottom of the Caspian Sea in October. elchi reports that this was announced by the Deputy Prime Minister of Kazakhstan – Minister of Digital Development, Innovation and Aerospace Industry, Jaslan Madiyev, at a government meeting. According to him, 390 kilometers […]

The founding meeting of the Azerbaijan-Germany Business Council will be held in November. elchi reports that Deputy Minister of Economy Samad Bashirli said this during his speech at the “German-Azerbaijani Strategic Partnership and Connectivity Conference 2026” held in Baku. “President Ilham Aliyev’s official visit to Berlin in July was marked by high-level meetings and meaningful […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has become more expensive on world markets. elchi reports that the price of one barrel of Azerbaijani oil has increased by 0.6 dollars or 0.48% to 124.61 US dollars. It should be noted that the previous price of Azerbaijani oil was 124.01 US dollars. We would like […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on October 6, the exchange rate of the US dollar remained unchanged at 1.7000 manat, and the Turkish lira was 0.0346 manat. In turn, the euro appreciated to 1.9069 manat, while 100 Russian rubles depreciated to 2.0032 manat.

Due to repair work, there will be a temporary interruption in the supply of electricity in some areas of Yasamal district today According to information provided to elchi from “Azerishiq”, repair work will be carried out at the Transformer Substation (TS) in Yasamal district on October 6, in order to increase the quality indicators of […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on October 5, the exchange rate of the US dollar remained unchanged at 1.7000 manat, and the Turkish lira was 0.0346 manat. In turn, 100 Russian rubles rose to 2.0238 manat, while the euro fell to 1.9014 manat.

During trading operations on the ICE London intercontinental exchange, the value of the December 2026 contract for the export of “Brent” oil decreased by 0.06% to 102.25 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in November 2026 on the New York “NYMEX” commodity exchange […]