ECONOMY

NEWS

Today’s currency exchange rates

— ECONOMY
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 decreased to 2.1670 manats, and the euro also decreased to 1.9394 manats. Code […]
NEWS

Oil prices on world markets exceed $92

— ECONOMY
Oil prices on world commodity markets have risen again. elchi reports that September futures for WTI crude oil on the NYMEX exchange increased by 1.04 US dollars, or 1.23%, to 85.38 US dollars per barrel. On the ICE exchange, the price of September futures for Brent crude oil rose by 1.27 US dollars, or 1.40%, […]
NEWS

NASA to allocate $2.1 billion to create and send a nuclear-powered spacecraft to Mars

— ECONOMY, WORLD
The U.S. National Aeronautics and Space Administration (NASA) will spend approximately $2.1 billion on the development and Mars mission of the “Space Reactor 1” spacecraft equipped with a nuclear power unit. “Elchi” reports that this was written by the “Politico” newspaper, citing NASA representatives. The implementation of the project is planned for the beginning of […]
NEWS

Trump prepares to impose 10-12.5% tariffs on goods from 60 countries

— ECONOMY, NEWS FEED, WORLD
US President Donald Trump is preparing to impose new tariffs ranging from 10% to 12.5% on goods from approximately 60 countries. “Elchi” reports that this was stated by “Kommersant,” citing “The Financial Times” (FT). The US President could implement the new tariffs after the current ones expire this week. Trump’s advisors have prepared several options […]
NEWS

Average monthly salary in Azerbaijan has increased

— ECONOMY
The average monthly nominal salary in Azerbaijan has increased. This was reported to elchi by the State Statistical Committee. According to the information, in January-May 2026, the average monthly nominal salary of hired employees in the country increased by 7.3% compared to the corresponding period of the previous year, amounting to 1,175 manats. It was […]
NEWS

AZAL has added its fourth aircraft to its fleet this year

— ECONOMY
Azerbaijan Airlines, one of the AZCON Holding companies, has added another “Airbus A320neo” aircraft to its fleet. This was reported to elchi by AZAL. It was stated that this is the fourth aircraft the airline has added to its fleet this year. With the addition of the new aircraft to the fleet, the total number […]
NEWS

The price of Azerbaijani oil approaches $94

— ECONOMY
The price of Azerbaijani oil has increased in the world market. elchi reports that the price of a barrel of “Azeri Light” oil has increased by $2.41 or 2.63%, reaching $93.91. It should be noted that the lowest price for “Azeri Light” oil was recorded on April 21, 2020 ($15.81), and the maximum price was […]
NEWS

Gold and silver prices have increased

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has increased. elchi reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.86% to 4050.4 US dollars. The price of July 2026 silver futures per […]
NEWS

Georgia and Azerbaijan have switched to a digital permit system for international freight transport

— ECONOMY, ECONOMY HEADLINE
Georgia and Azerbaijan have started the process of issuing and exchanging electronic permits for international road freight transport. According to “Elchi”, the Ministry of Economy and Sustainable Development of Georgia has announced this. It was stated that Georgian carriers engaged in international freight transport will now use electronic permits in Azerbaijan, just as they do […]
NEWS

Additional customs duties established for iron and steel bars and non-reinforced glass

— ECONOMY
The Cabinet of Ministers has amended the “Amounts of customs duties”. According to elchi, based on the decision, in addition to the established customs duties, customs duties in the relevant amounts will be charged for placing the following goods under the customs procedure for release for free circulation: Except for imports as raw materials for […]