ECONOMY

NEWS

The US has imposed sanctions on a conglomerate that controls approximately 40% of the Cuban economy

— ECONOMY, NEWS FEED
The Washington administration has imposed sanctions on a number of individuals and companies in Cuba due to their alleged involvement in repressions in the country and threats to the national security of the United States. “Elchi” reports that the US Department of State has released information regarding this matter. It was stated that the “Grupo […]
NEWS

Rashad Nabiyev and Anacláudia Rossbach discussed preparations for WUF13

— ECONOMY, NEWS FEED, SOCIETY
Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev and UN-Habitat Executive Director Anacláudia Rossbach discussed preparations for the 13th session of the World Urban Forum (WUF13). “Elchi” reports that Rossbach announced this on the “X” social network. “Had a meaningful discussion with Azerbaijani Minister Rashad Nabiyev on sustainable urban mobility, climate-resilient infrastructure, and the […]
NEWS

Rashad Nabiyev and Anaclaudia Rossbach discussed preparations for WUF13

— ECONOMY, NEWS FEED, SOCIETY
Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev and UN-Habitat Executive Director Anaclaudia Rossbach have discussed preparations for the 13th session of the World Urban Forum (WUF13). “Elchi” reports that Rossbach announced this on the “X” social network. “Had a productive discussion with Azerbaijani Minister Rashad Nabiyev on sustainable urban mobility, climate-resilient infrastructure, and […]
NEWS

Baku Metro: Integration with bus and taxi services to be further strengthened

— ECONOMY
In accordance with the Decree of the President of the Republic of Azerbaijan dated May 7, 2026, “Baku Metropoliten” CJSC is being reorganized through the merger of “BakuBus” LLC and “Baku Taxi Service” LLC into it. This was reported to elchi by the CJSC. It was noted that the adopted decision is aimed at organizing […]
NEWS

Baku Metro to organize tram passenger transport services in Baku

— ECONOMY
Baku Metro CJSC will organize passenger transport services using tram transport in Baku. “Elchi” reports that this issue is reflected in the Decree of President Ilham Aliyev on “Reorganization of Baku Metro Closed Joint-Stock Company and amendments to some decrees and orders of the President of the Republic of Azerbaijan in connection with this, and […]
NEWS

ITFC: We have provided $103 million in financing in Azerbaijan so far

— ECONOMY
The International Islamic Trade Finance Corporation (ITFC) has provided $103 million in financing in Azerbaijan to date. elchi reports that this was stated by Hojamurod Hojaev, General Manager of the Relationship Management and Trade Finance Department of the International Islamic Trade Finance Corporation (ITFC), during the presentation of the Islamic Development Bank Group on the […]
NEWS

Design of Azerbaijan’s Earth observation satellites completed

— ECONOMY
The design phase of the “Azersky-2A” and “Azersky-2B” satellites has been completed. elchi reports that this was stated by the Azerbaijan National Aerospace Agency (AZERCOSMOS) in response to an inquiry from “APA-Economics”. According to the information, the production process of the “Azersky-2A” satellite is currently underway: “The processes are taking place with the participation of […]
NEWS

Aluminum and grain sent to Armenia via transit through Azerbaijan

— ECONOMY
Another shipment from Russia to Armenia has been carried out via transit through Azerbaijan. “Elchi” reports that grain consisting of 10 wagons weighing 700 tons and aluminum consisting of 2 wagons weighing 133 tons (shipped for the first time) were sent from Bilajari station in the direction of Boyuk Kasik. It should be noted that […]
NEWS

Traffic to be completely restricted on a section of Rashid Behbudov Street in Baku

— ECONOMY
In order to ensure the comfortable and safe movement of citizens, repair work will be carried out on the section of Rashid Behbudov Street in Baku, from Sahib Zeynalov Street to Abbasgulu Agha Bakikhanov Street. “Elchi” reports that the State Agency of Azerbaijan Automobile Roads (AAYDA) has released information regarding this. According to the information, […]
NEWS

Gold and silver prices are rising in commodity markets

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold has increased in commodity markets. elchi reports, citing stock exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.25% to 4,706.1 US dollars.   The price of July 2026 silver […]