ECONOMY

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 […]

In the period from January to 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 posed a serious risk to the safety of passengers and train crew. “Individuals who commit such illegal acts […]

The management of mineral resources and water resources between Azerbaijan and China has been discussed. “Elchi” reports that Minister of Economy Mikayil Jabbarov stated this on his “X” social network account. “In our meeting with Yang Tianfu, President of PowerChina Resources Ltd., we emphasized the priority directions of Azerbaijan-China green energy cooperation and the prospects […]

As of July 1 of this year, the investment portfolio of the State Oil Fund (SOFAZ) amounted to 72,595.1 million US dollars. “Elchi” reports, citing the Fund’s data, that this figure has increased by 9.1% or 6,079.9 million US dollars compared to the same period last year. Bonds and money market instruments account for 33.8% […]

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has stopped gold sales in the second quarter of this year. elchi reports, citing SOFAZ, that the Fund’s gold reserves amounted to 178.1 tons. It should be noted that as of July 1 of this year, the share of gold in SOFAZ’s investment portfolio was […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 1.83 dollars or 1.85%, reaching 100.56 US dollars. It should be noted that the previous price of Azerbaijani oil was 98.73 US dollars. We remind you […]

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 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.61% to 4126.4 US dollars.   The price of July 2026 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on July 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0360 manats. In turn, 100 Russian rubles increased to 2.1726 manats, and the Euro increased to 1.9436 manats. USD 1.7 […]