ECONOMY

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 […]

The Charge d’Affaires of the US to Azerbaijan, Hugo Guevara, visited the Main Ground Control Station of the Azerbaijan Space Agency (Azercosmos). elchi reports this with reference to the US Embassy in Azerbaijan. According to the information, E. Karlon was briefed on Azerbaijan’s growing role in the global space sector. It was noted that the […]

Within the framework of the “State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025–2030”, the creation of pedestrian zones (corridors) in Baku continues. This was reported to “Elchi” by the Azerbaijan Land Transport Agency (AYNA). This time, the possibilities for optimally connecting two more large pedestrian zones in the […]

In the first quarter of the current year, Azerbaijani citizens purchased 174 real estate properties in Turkey. This figure decreased by 17.5% compared to the same period of 2025. elchi reports, citing the Turkish Statistical Institute (TÜİK), that in March of the current year, Azerbaijanis purchased 60 apartments in the neighboring country. Compared to the […]

In order to ensure the comfortable and safe movement of citizens, the State Agency of Azerbaijan Automobile Roads (AAYDA) will carry out repair work at 3 locations in the capital over the weekend. Information about this was provided to “Elchi” by AAYDA. According to the information, repair work will be carried out on Samad Vurgun […]

The price of “Azeri Light” (CIF) Azerbaijani oil has decreased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 1.09 USD or 1%, amounting to 112.02 USD. It should be noted that the previous price of Azerbaijani oil was 113.11 USD. Recall that in this year’s state budget […]

By the relevant decision of the Council of the European Union dated April 23, 2026, the sanctions imposed on the “Zaqatala” vessel belonging to the “Azerbaijan Caspian Shipping” CJSC (ASCO), as well as the “Shusha”, “Qarabagh”, “Khankendi”, and “Zangazur” vessels belonging to a joint venture of ASCO and SOCAR, have been lifted. According to the […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 24, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0378 manats. The Euro depreciated to 1.9855 manats, and 100 Russian rubles depreciated to 2.2439 manats.  

Wheat will be sent to Armenia via transit through Azerbaijan. “Elchi” reports that today, 5 wagons of wheat will be dispatched to the Republic of Armenia via transit through the territory of the Republic of Azerbaijan.

During the first quarter of 2026, global financial markets created a challenging environment for many asset classes against the backdrop of rising geopolitical tensions and ongoing uncertainty. “Elchi” reports that this was stated by the State Oil Fund of the Republic of Azerbaijan (SOFAZ). It was noted that the rising geopolitical tension and uncertainty in […]