ECONOMY

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on May 7, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0376 manats. The Euro appreciated to 1.9977 manats, and 100 Russian rubles appreciated to 2.2717 manats. Currency Code Rate 1 US […]

During the trading operations on the “ICE London” Intercontinental Exchange, the value of the July 2026 contract for the export of “Brent” oil increased by 0.58% to 101.86 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in June 2026 on the New York “NYMEX” commodity […]

New allowances and privileges have been established for diplomats called up for military service. According to elchi, this is reflected in the new articles 13.14-1 and 13.14-2 proposed to the Law “On Diplomatic Service,” which were discussed at today’s meeting of the Milli Majlis Committee on International Relations and Interparliamentary Ties. According to the draft, […]

Currently, the speed limit set on the Baku-Quba-Russian Federation state border toll road is being intensively monitored via installed radar devices. This was reported to elchi by the Main State Traffic Police Department (MSTPD) of the Ministry of Internal Affairs. MSTPD once again called on all road users to comply with safety regulations.

Tomorrow, the next shipment will be carried out to Armenia in transit through Azerbaijan. elchi reports that a train loaded with 2 wagons of aluminum and 9 wagons of grain will be dispatched from the Bilajari station of “Azerbaijan Railways” CJSC.

A Technical Regulation on the safety of devices and equipment operating on gas fuel has been approved. “Elchi” reports that Prime Minister Ali Asadov has signed a decree regarding this. This Decree enters into force 6 months from the date of its publication. LIST of gas-powered devices and equipment to which the requirements of the […]

It is projected that the current account surplus in 2026 and 2027 will be around 5.5 and 4.4 billion US dollars, respectively. The main reason for this is the upward revision of the average annual price of 1 barrel of oil and 1000 cubic meters of gas by the Central Bank. elchi reports that Central […]

In accordance with the newly adopted regulations, reporting requirements have been introduced for banks to the Central Bank regarding measures taken in the direction of green loans and sustainable finance. elchi reports that this was stated by Toghrul Aliyev, Deputy Chairman of the Central Bank of Azerbaijan (CBA), during his speech at the “V Agribusiness […]

Currently, approximately 10–14% of irrigated lands in Azerbaijan are equipped with modern irrigation systems. This accounts for about 130,000 hectares of land. elchi reports that Minister of Agriculture Majnun Mammadov stated this during a panel discussion at the conference titled “Modern Agricultural Cooperation as a Foundation for Sustainable Development and a Guarantor of Food Security” […]

Another shipment from Russia to Armenia has been carried out in transit through Azerbaijan. “Elchi” reports that 271 tons of fertilizer in 4 wagons and 275 tons of grain in 4 wagons were sent from Bilajari station towards Boyuk Kesik. It should be noted that so far, more than 25,000 tons of grain, more than […]