ECONOMY

A hearing on agriculture will be held in the Milli Majlis in the coming days. “Elchi” reports that this was stated by the committee chairman Azer Amiraslanov during the discussion of the draft law “On the execution of the state budget of the Republic of Azerbaijan for 2025” at today’s meeting of the Milli Majlis […]

A legal basis is being created for the exchange of state-owned property (including state lands) with privately owned property, including land plots, based on mutual agreement. elchi reports that this is reflected in the draft law “On amendments to the Land Code of the Republic of Azerbaijan, the Civil Code of the Republic of Azerbaijan, […]

“Our strategic foreign exchange reserves have reached $88.4 billion”. elchi reports that Minister of Finance Sahil Babayev stated this during the discussion of the draft law “On the execution of the state budget of the Republic of Azerbaijan for 2025” at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. 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 0.61 USD or 0.61%, reaching 100.09 USD. It should be noted that the previous price of Azerbaijani oil was 99.48 USD. Let us recall that in Azerbaijan’s […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information states that on June 9, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0369 manats. In turn, the Euro increased to 1.9627 manats, and 100 Russian rubles increased to 2.3231 manats. 1 US dollar USD […]

The value of futures for one troy ounce (31.1 grams) of gold has decreased in commodity markets. elchi reports, citing stock exchange data, that the value of August 2026 futures for one troy ounce of gold on the New York COMEX exchange decreased by 0.3% to 4350.2 US dollars. The price of July 2026 futures […]

As of June 8, 2026, the Western Export Pipeline (WEP) and the Supsa terminal, which is an integral part of it, have passed to the operatorship of “SOCAR Midstream Operations” LLC. According to the information provided to elchi by “SOCAR Midstream Operations”, in accordance with the agreement reached between the Georgian Oil and Gas Corporation […]

In May, the Sugar Price Index averaged 95.1 points. This represents an increase of 6.6 points (7.5%) compared to April and is the highest level since October 2025. “Elchi” reports, citing the UN Food and Agriculture Organization (FAO), that despite this, the index is 14.3 points (13.1%) lower compared to the same period last year. […]

High results have been achieved in the execution of the state budget and the management of treasury operations in January–May 2026. This was reported to “Elchi” by the Ministry of Finance. It was stated that during this period, the processing of requests for treasury operations was ensured to be fast, error-free, and in compliance with […]

The value of futures for one troy ounce (31.1 grams) of gold has decreased in commodity markets. “Elchi” reports, citing exchange data, that the value of August 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.87% to 4,327.2 US dollars. The price of July 2026 silver futures per […]