ECONOMY

Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 0.06 USD or 0.05%, amounting to 122.26 USD. It should be noted that the previous price of Azerbaijani oil was 122.32 USD. We remind you that […]

The price of natural gas futures on the New York Mercantile Exchange (NYMEX) has increased. elchi reports that the price of futures for natural gas for delivery in June 2026 increased by 0.47% to 2.78 US dollars per 1 million BTU (British thermal unit).

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on May 1, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0376 manats. The euro increased to 1.9934 manats, while 100 Russian rubles decreased to 2.2660 manats.

It is expected that Azerbaijan’s current account surplus will increase in 2026 due to rising energy prices. elchi reports that this was noted in the International Monetary Fund’s (IMF) assessment. It was stated that against the backdrop of high oil prices, the State Oil Fund’s (SOFAZ) reserves will also continue to grow. According to the […]

“Rules for the implementation of regulatory pilot projects for the evaluation of the effectiveness of digital solutions applied by state bodies (institutions) in test mode, as well as for determining the feasibility of electronic services organized by state bodies (institutions) at the initial stage” have been approved. “Elchi” reports that President Ilham Aliyev has signed […]

In January-March 2026, the Marketing and Economic Operations Department of the State Oil Company (SOCAR) exported non-oil products worth 35.3 million US dollars. elchi reports that this was stated in the “Export Review” published by the Center for Analysis of Economic Reforms and Communication. This figure represents a 66.4% decrease compared to the same period […]

Grain and fertilizer will be dispatched to Armenia via transit through Azerbaijan. “Elchi” reports that today, grain and fertilizer will be sent to the Republic of Armenia via transit through the territory of the Republic of Azerbaijan.

As of March 31 of this year, the European Bank for Reconstruction and Development’s (EBRD) current loan portfolio in Azerbaijan reached 898 million euros. This represents an increase of 2.3% or 21 million euros in the last month. “Elchi” reports this with reference to the EBRD. According to the information, the number of active projects […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 6.43 US dollars, or 5.55%, reaching 122.32 US dollars. It should be noted that the previous price of Azerbaijani oil was 115.89 US dollars. We remind you […]

The price of “Azeri Light” (CIF) Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 6.43 US dollars, or 5.55%, reaching 122.32 US dollars. It should be noted that the previous price of Azerbaijani oil was 115.89 US dollars. As a reminder, the […]