ECONOMY

NEWS

US Secretary of State Praises Azerbaijan’s Fuel Supply to Armenia

— ECONOMY, POLITICS, SELECTED NEWS
US Secretary of State Marco Rubio and Azerbaijani Foreign Minister Jeyhun Bayramov highly appreciated the positive changes in relations between the two countries during a phone conversation. Elchi.az reports that this was stated in the State Department’s statement. The parties also touched upon other measures that strengthen confidence for further advancement of peace and prosperity […]
NEWS

First Trans-Caspian freight train from China’s Tianjin departs for Azerbaijan

— ECONOMY, NEWS FEED
The first Trans-Caspian freight train from the northern Chinese city of Tianjin has departed for Baku today. Elchi.az reports that “Xinhua” reported this. The train, owned by China Railway Beijing Group, will pass through Kazakhstan and then be shipped across the Caspian Sea to Azerbaijan. It is loaded with stainless steel pipes, household appliances and […]
NEWS

Azerbaijani oil slightly cheaper

— ECONOMY
Azerbaijani oil of the “Azeri Light” (CIF) brand has slightly decreased in price on world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil decreased by 0.04 US dollars or 0.06% to 71.71 US dollars. It should be noted that the previous price of Azerbaijani oil was 71.75 US dollars. It should […]
NEWS

Gold and silver prices decrease in commodity markets

— ECONOMY
The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 1.06% to 4,586.60 US dollars. The price of March 2026 […]
NEWS

Key indicators of global stock markets

— ECONOMY
In the American stock markets, the Dow Jones index decreased by 0.09% to 49,149.63 points, the S&P 500 index by 0.53% to 6,926.60 points, and the Nasdaq index by 1% to 23,471.75 points. According to Elchi.az, in the European stock markets, the FTSE 100 index increased by 0.46% to 10,184.35 points, Germany’s DAX index by […]
NEWS

Bu günün valyuta məzənnələri

— ECONOMY
The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 15, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0394 manats. The euro depreciated to 1.9778 manats, while 100 Russian rubles appreciated to 2.1676 manats. 1 ABŞ dolları USD 1,7 1 […]
NEWS

Zelensky: Ukraine declares state of emergency in energy sector

— ECONOMY, WORLD
A state of emergency will be declared in the energy sector of Ukraine. According to Elchi.az, Ukrainian President Volodymyr Zelensky wrote about this on his Telegram channel after the meeting. He also announced the creation of a 24-hour headquarters to coordinate the situation in Kyiv. “Special attention is paid to the situation in Kyiv. The […]
NEWS

OPEC Announces Global Oil Demand Forecast for 2027

— ECONOMY
The Organization of the Petroleum Exporting Countries (OPEC) has announced its forecast for average daily global oil demand for 2027. Elchi.az reports this with reference to OPEC’s monthly report. According to the report, the average daily global oil demand next year will be 107.86 million barrels, which is 1.34 million barrels more than the forecast […]
NEWS

Air navigation service in Azerbaijan exceeds 10% growth

— ECONOMY
The provision of services to more than 342,000 flights in the airspace of Azerbaijan last year, with an increase of 10.5% compared to 2024, clearly demonstrates the reliability of the aviation infrastructure and the strengthening of its position as a regional transport hub. According to the information provided to Elchi.az from Heydar Aliyev International Airport, […]
NEWS

Inflation in Azerbaijan was close to 6% last year

— ECONOMY
In December 2025, the consumer price index was 105.2 percent compared to the same period last year. Elchi.az reports this with reference to the State Statistics Committee. According to the information, inflation for food products, alcoholic beverages and tobacco products in December was 6.4 percent, for non-food products 2.5 percent, and for paid services provided […]