ECONOMY

In 2025, the Ministry of Energy’s expenses amounted to 25 million 831 thousand 628.42 manats. “Elchi” reports that this was noted in the Ministry’s financial activity report for 2025. In the reporting year, the ministry’s expenses decreased by 9.51% compared to 2024. The value of consumed materials increased by 15.4%, reaching 76 thousand 591.07 manats. […]

As of March 31, 2025, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has transferred a total of 173,622.9 million manats to the state budget. This was reported by “Elchi”, citing the State Oil Fund. It should be noted that in January-March of this year, within the framework of the execution of the […]

The reconstruction of the “Hazi Aslanov” station will be carried out during the construction period of the “Y-17” station, which will serve as a transfer point to the “Hazi Aslanov” station, in accordance with the State Program covering the years 2025–2030. “Elchi” reports that Baku Metro CJSC has released information regarding this matter. It was […]

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 June 2026 gold futures on the New York COMEX commodity exchange decreased by 0.08% to 4736.9 US dollars per troy ounce.   The price of May 2026 silver futures […]

During the trading operations on the ICE London Intercontinental Exchange, the price of the June 2026 futures contract for Brent crude oil increased by 1.35%, reaching $106.75 per barrel. According to elchi, the price of a barrel of WTI crude oil for June 2026 delivery on the NYMEX commodity exchange in New York rose by […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on April 27, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0378 manats. The Euro increased to 1.9935 manats, and 100 Russian rubles increased to 2.2576 manats. Currency Code Rate 1 US Dollar USD […]

Rovshan Rustamov, Chairman of the “Azerbaijan Railways” CJSC (ADY), one of the AZCON Holding companies, participated in the next meeting of the Board of the International Association “Trans-Caspian International Transport Route” (TITR IA) Legal Entities Union during his business trip to Kazakhstan. “Elchi” reports that the ADY press service has released information. It was noted […]

In January-March of this year, 71 buses were produced in Azerbaijan. “Elchi” reports, citing the State Statistical Committee, that this figure has increased 2.8 times compared to the same period last year. Furthermore, 191 trucks were produced during the reporting period, which is 6.8 percent more year-on-year. As of April 1, the stock of finished […]

In January–March of this year, 19 million 488 thousand passengers used taxi services. elchi reports, citing the State Statistical Committee, that this is 5.5% more compared to the same period last year. During the same period, an increase in passenger flow was also recorded in public transport. Thus, in the first quarter of the current […]

During the trading operations held on the “ICE London” intercontinental exchange, the value of the June 2026 contract for the export of “Brent” oil increased by 0.25% to 105.33 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” oil for export in June 2026 on the New York “NYMEX” commodity […]