ECONOMY

“Today, we do not have financial mechanisms to finance startups.” Elchi.az reports that this was stated by the Minister of Digital Development and Transport Rashad Nabiyev during a meeting dedicated to the unified action plan “New Digital Architecture of Azerbaijan” chaired by President Ilham Aliyev. “This includes venture capital, crowdfunding, and so on. There is […]

The “Online Azerbaijan” project has been successfully completed. Elchi.az reports that these words were said by the Minister of Digital Development and Transport Rashad Nabiyev at a meeting dedicated to the unified action plan “Azerbaijan’s new digital architecture”. “When the project started, the average internet speed in the country was about 12 megabits per second, […]

Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), which is one of the AZCON Holding companies, visited the Turkmenbashi International Sea Port as part of his visit to Turkmenistan. According to the information provided to Elchi.az from ADY, the director of the port, Parahat Cumayev, gave the ADY delegation extensive information about the existing infrastructure, […]

During 2025, 17 billion 677.8 million cigarettes and cigars, and 1926.6 tons of tobacco were produced in Azerbaijan. Elchi.az reports with reference to the State Statistics Committee that cigarette and cigar production increased by 16.4% annually, while tobacco production decreased by 2.2 times. It should be noted that as of January 1, 2026, the stock […]

In January of this year, consumers in Azerbaijan spent 303 million manats on motor gasoline and diesel fuel alone in the retail trade network. This was reported by Elchi.az with reference to the State Statistics Committee. According to the information, the indicator recorded during the reporting period exceeded the indicator of the corresponding period of […]

In January 2026, the country produced 9 billion 78.7 million manats worth of gross domestic product, or 1.7 percent more than in January of the previous year. Elchi.az reports this with reference to the State Statistics Committee. According to the information, the added value in the oil and gas sector of the economy increased by […]

Additional train services have been scheduled on the Baku-Agstafa-Baku route on February 14 and 15 in order to meet the increasing passenger demand, CJSC “Azerbaijan Railways” (ADY) reported. Elchi.az reports with reference to ADY. “You can purchase tickets for these routes with a 10 percent discount at railway ticket offices, on the official website of […]

According to preliminary data for 2025, the average monthly nominal salary of employees working for wages in the country’s economy increased by 9.3 percent compared to the previous year and amounted to 1102.9 manats. This was reported by Elchi.az with reference to the State Statistics Committee. According to the information, the average monthly nominal salary […]

An action plan consisting of 110 items for 2026 has been prepared between Azerbaijan and Turkey. Elchi.az reports that the Turkish Ambassador to Azerbaijan, Birol Akgün, said this at the “Azerbaijan-Turkey Business Forum: Digital Transformation and Technology Bridge” forum organized by the Innovation and Digital Development Agency. “We have a political goal of reaching a […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of April 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 0.87% to 5,075.01 US dollars. The price of March 2026 […]