ECONOMY

A meeting was held at Azerbaijan Railways (ADY) with a delegation from the Asian Infrastructure Investment Bank (AIIB). The meeting focused on the development of Azerbaijan’s transport infrastructure, the strengthening of regional connectivity, and the directions for developing cooperation. ADY Chairman Rovshan Rustamov emphasized and highly appreciated the active partnership of the AIIB in Azerbaijan […]

The scope of goods exempted from customs duties is expanding. According to elchi‘s report, this is reflected in the proposed amendment to the Law “On Customs Tariff” discussed at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. According to the draft, the import of machinery, technological equipment and devices, as […]

The connection of Azerbaijan with Nakhchivan and the recognition of this project as the Zangezur corridor, and internationally as TRIP (Transport Route for International Peace and Prosperity), is important not only for Azerbaijan’s exports but also for increasing the efficiency of the Middle Corridor and strengthening connectivity between Central Asian countries, China, Turkey, and Europe. […]

A new financing mechanism is being created in Azerbaijan. “Elchi” reports that in this regard, a new draft law “On Crowdfunding” was submitted for discussion at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. This Law, in accordance with clauses 10-13 and 15 of Part I of Article 94 of […]

Tax concessions will be provided for digital nomads. According to the news from “Elchi”, this is reflected in the proposed amendments to the Law “On Currency Regulation” and the Tax Code, which were discussed at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. A digital nomad is a foreigner or […]

The price of Azeri Light (CIF) brand Azerbaijani oil has decreased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has decreased by 3.94 US dollars, reaching 82.61 US dollars. It should be noted that the previous price of Azerbaijani oil was 86.55 US dollars. We remind you that in […]

The price of gold on the New York Stock Exchange has decreased. elchi reports that the value of gold futures on the COMEX commodity exchange decreased by 0.24% to 4.344 US dollars. Meanwhile, silver futures per ounce on COMEX increased by 0.16%, reaching 70.12 US dollars.