ECONOMY

In the last 24 hours, the decline in major assets in the cryptocurrency market has continued. elchi reports that on the “CoinMarketCap” platform, the price of Bitcoin has decreased by 3.56% over the last 24 hours, falling to 60,833 US dollars. The price of the world’s largest cryptocurrency has dropped by 17.21% over the past […]

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 3.1% to 4,365.3 US dollars. The price of July 2026 […]

To date, 113,935 new generation cash registers have been installed across the country. “Elchi” was informed about this by the State Tax Service under the Ministry of Economy. It is reported that the use of new generation cash registers has enabled more transparent settlements, prevented the illegal circulation of goods, and ensured control over turnover. […]

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 decreased by 3.62 US dollars, or 3.47%, to 100.78 US dollars. It should be noted that the previous price of Azerbaijani oil was 104.4 US dollars. Let us recall […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. 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 0.84% to 4,467 US dollars. The price of July 2026 silver futures per […]

In May of this year, more than 812 thousand tons of cargo were handled at the Port of Baku. “Elchi” reports, citing Azerbaijan Railways CJSC, that this figure exceeded the indicator for the same period last year by 11 percent. In January-May of this year, the volume of TEU container cargo handled at the port […]

Today, the next meeting of the “Council of Central (National) Banks of the member states of the Organization of Turkic States” is being held in Baku. “Elchi” reports that the Governor of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, shared a post about this on his “X” social media account. “We are very pleased […]

Within the framework of the “Shah Deniz 2” project, 17 billion cubic meters of gas are currently being produced annually. This was reported to “Elchi” by “BP Azerbaijan”. It was stated that the total production from “Shah Deniz”, including the first phase of the field’s development, currently amounts to 27 billion cubic meters of gas […]

It is expected that the stabilization of prices in the meat market in Azerbaijan will be ensured through increasing production and reducing production costs. elchi reports that Deputy Minister of Agriculture Zaur Aliyev stated this at a press conference. The Deputy Minister noted that the main goal is to increase meat production, improve productivity, and […]