ECONOMY

The Russian payment system “Zolotaya Korona” has suspended money transfers to Azerbaijan, Georgia, Armenia, and several other countries following the European Union’s 21st package of sanctions against Russia. “Elchi” reports that the list of countries where online money transfers from Russia are possible on the system’s official website now includes only Uzbekistan, Turkey, and Kyrgyzstan. […]

The price of Azerbaijani oil in the world market has decreased. elchi reports that the price of a barrel of “Azeri Light” brand oil has decreased by 6.37 dollars or 5.84%, reaching 102.73 dollars. It should be noted that the lowest price for “Azeri Light” oil was recorded on April 21, 2020 (15.81 US dollars), […]

In January-June 2026, 1316.5 kilograms of gold were produced in Azerbaijan. elchi reports, citing the State Statistical Committee, that this is 17.8% less compared to the same period of the previous year. In addition, 1808.2 kilograms of silver were produced during the reporting period. Compared to January-June 2025, silver production decreased by 6.9%. As of […]

In January-June of this year, 437.20 tons of tea worth 8 million 801.35 thousand US dollars were exported from Azerbaijan to foreign markets. “Elchi” reports that this was noted in the State Customs Committee’s report. Compared to the same period last year, tea exports increased by 23.8% in volume and 19.35% in value. In the […]

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 8.54 dollars, or 8.5%, reaching 109.10 US dollars. It should be noted that the previous price of Azerbaijani oil was 100.56 US dollars. We remind you that […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing stock exchange data, that the value of June 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.52% to 4029.1 US dollars. The price of July 2026 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the exchange rate of the US dollar remained unchanged at 1.7000 manats on July 24. The Turkish lira depreciated to 0.0359 manats, the Russian 100 rubles to 2.1711 manats, and the Euro to 1.9345 manats. Currency Code Rate 1 US Dollar […]

The price of natural gas futures quotes on the New York Mercantile Exchange (NYMEX) has increased. elchi reports that the price of natural gas futures for delivery in August 2026 increased by 0.38% to 2.93 US dollars per 1 million BTU (British thermal unit).

In January-June of this year, passenger trains of Azerbaijan Railways were pelted with stones 21 times while in motion. “Elchi” reports, citing ADY, that these incidents caused damage to the trains and put the safety of passengers and train crew at serious risk. “Individuals who commit such illegal acts are identified by law enforcement agencies […]

Within the framework of the “State Program for the Improvement of Water Supply, Rainwater, and Wastewater Systems in Baku and the Absheron Peninsula for 2026–2035,” approved by the decree of the President of the Republic of Azerbaijan, the Directorate of Projects Under Construction of the State Water Resources Agency of Azerbaijan has launched projects for […]