ECONOMY

During the trading operations held on the ICE London Intercontinental Exchange, the value of the October 2026 contract for the export of “Brent” oil decreased by 0.33% to 79.19 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” brand oil for export in September 2026 on the New York “NYMEX” […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on August 6, the exchange rate of the US dollar remained unchanged at 1.7000 manats, while the Turkish lira stood at 0.0357 manats. In turn, 100 Russian rubles depreciated to 2.1023 manats, and the euro appreciated to 1.9633 manats.   Currency […]

“The Baku Metro is facing rapid development plans in the coming period.” “Elchi” reports that this was stated by Bakhtiyar Mammadov, head of the press service of “Baku Metro” CJSC. According to him, measures have been initiated in various directions at the Baku Metro in connection with the construction of ten new stations: “These ten […]

The importance of the new projects for the Baku Metro lies in the fact that it will be possible to transport more passengers, ensure safer movement, and operate more efficiently. “Elchi” reports that this was stated by Bakhtiyar Mammadov, head of the press service of “Baku Metro” CJSC. He noted that the functional importance of […]

14 wagons of wheat will be sent from Russia to Armenia in transit through Azerbaijan. “Elchi” reports that the wagons loaded with wheat will be dispatched from Bilajari station tomorrow.

The construction of the marine section of the Trans-Caspian fiber-optic communication line (FOCL) laid along the bottom of the Caspian Sea in Kazakhstan has been successfully completed. elchi reports that the Ministry of Digital Development and Aerospace Industry of Kazakhstan has released information regarding this. According to the report, within the framework of the project […]

In international markets, a monthly decline in the prices of precious metals was recorded in July 2026. However, prices for both gold and silver remain at a high level compared to the same period last year. This is reported by “Elchi” with reference to the World Bank’s monthly report on commodity prices.   According to […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has increased. elchi reports, citing stock exchange data, that the value of December 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 1.02% to 4,195 US dollars. The price of September 2026 […]

Today, the selection process of apartments within the framework of the rent-to-own mechanism conducted by the Mortgage and Credit Guarantee Fund (MCGF) has been successfully completed. elchi reports that for the first time in Azerbaijan, during the mass selection of residential premises, the SİMA digital signature facial recognition technology was applied at the initiative of […]

The Board of the Ministry of Digital Development and Transport has approved the “Rules for the temporary operation of the railway safety zone”. “Elchi” reports, citing “Azerbaijan Railways” CJSC, that these Rules cover the temporary operation of the railway safety zone to ensure the implementation of projects for the improvement of the Baku – Khirdalan […]