ECONOMY

NEWS

Gold Rises Again in Commodity Markets

ECONOMY
The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports, citing stock exchange data, that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 0.26% to $4,472.26. The price of March 2026 futures for one ounce […]
NEWS

Today’s exchange rates

ECONOMY
The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 9, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0394 manats, the Euro decreased to 1.9811 manats, and the Russian 100 rubles increased to 2.1212 manats. 1 US dollar USD 1,7 […]
NEWS

This factory in Baku has been privatized

ECONOMY, NEWS FEED
The investment competition for the sale of state-owned shares of “Zabrat Machine-Building Plant” OJSC in Sabunchu district of Baku has been concluded. Elchi.az reports about this with reference to the State Service for Property Issues under the Ministry of Economy. According to the information, “ZMZ Metal” LLC, which offered more favorable conditions, was declared the […]
NEWS

“Zabrat Machine-Building Plant” has been privatized

ECONOMY
The investment competition announced on November 14, 2025, in connection with the sale of state-owned shares of “Zabrat Machine-Building Plant” OJSC, located at N. Zeynalova Street, 196, Zabrat 1 settlement, Sabunchu district, Baku, has been concluded. The State Service for Property Issues told Elchi.az about this. Thus, on December 16 of last year, the proposals […]
NEWS

A new stage in Azerbaijan’s green energy policy: What will the “Khizi-Absheron” WPP change? – ANALYSIS

ECONOMY, HEADLINE
The commissioning of the 240 MW “Khizi-Absheron” Wind Power Plant on January 8, 2026, signifies not only the addition of new generation capacity in Azerbaijan’s green energy policy but also the transition to a structural transformation of the entire energy system. The project being implemented by Saudi Arabia’s ACWA Power company and the participation of […]
NEWS

Ranking of investment companies by turnover volume – 2025

ECONOMY
The volume of domestic stock exchange turnover of investment companies operating in Azerbaijan for 2025 has been announced. Elchi.az presents the ranking of investment companies by turnover volume, referring to the Baku Stock Exchange: Rank Name Turnover (in manats) Number of transactions 1 “PAŞA Kapital İnvestisiya Şirkəti” QSC 44719984119 8722 2 “ABB İnvest İnvestisiya Şirkəti” […]
NEWS

Over 1 ton 824 kilograms of narcotics were withdrawn from illegal circulation last year

ECONOMY
Last year, customs authorities in Azerbaijan revealed 97 facts related to the illegal circulation of narcotic drugs, psychotropic substances and their precursors. This was reported to Elchi.az by the State Customs Committee. According to the information, a total of 1 ton 824 kg 453 grams of narcotic drugs, psychotropic substances and their precursors were withdrawn […]
NEWS

Ambassador: Azerbaijan has chosen Chinese companies as strategic partners

ECONOMY
We are also cooperating at a very high level in the “One Belt, One Road” project. In particular, the works on the China-Europe railway connection and the Trans-Caspian corridor are proceeding rapidly, and Azerbaijan’s role is strengthening here. Elchi.az reports that these words were said by Ms. Lu Mei, Ambassador of the People’s Republic of […]
NEWS

Fitch Solutions: Average annual economic growth in Azerbaijan will be 2.7% by 2035

ECONOMY
The average annual growth of the Azerbaijani economy will be 2.7% in 2025–2034. Elchi.az reports that this was stated in the forecast of Fitch Solutions, which is part of the Fitch Group. It was noted that Azerbaijan’s economic growth trajectory will be more stable in the period covering 2025–2034. According to the assessment, during this […]