ECONOMY

The World Bank may provide credit and technical assistance for the reconstruction project of the Bilasuvar-Astara section of the M3 highway. elchi reports that this issue was discussed during a meeting between the First Deputy Minister of Finance, Anar Karimov, and a delegation led by the Regional Director of the World Bank for the South […]

New credit guarantee and capital financing mechanisms are being prepared to expand access of business entities to financial resources in Azerbaijan. elchi reports that this issue was discussed during a meeting between the First Deputy Minister of Finance Anar Karimov and a delegation led by the World Bank’s Regional Director for the South Caucasus, Roland […]

Annual inflation in the Eurozone reached 3.8% in September, which is 0.6 percentage points higher than in August. elchi reports that this was stated in the preliminary calculation by Eurostat, the statistical office of the European Union. Among the main components of inflation, the highest increase was recorded in energy prices. In September, energy prices […]

The volume of the money base in Azerbaijan amounted to 24 billion 817.9 million manats as of October 1. elchi reports this, citing the Central Bank of Azerbaijan (CBA). In September alone, the money base increased by 2.4%, and by 15.2% year-on-year.

Azerbaijani oil of “Azeri Light” (CIF) brand has become more expensive in world markets. elchi reports that the price of one barrel of Azerbaijani oil has increased by $5.5 or 4.6% to $124.76 US dollars. It should be noted that the previous price of Azerbaijani oil was $119.26 US dollars. We would like to remind […]

Rules for sending employees on business trips in Azerbaijan have been changed. elchi reports that the Collegium of the Ministry of Finance has made a decision in this regard. According to the change, from now on, employers who are individuals will also be able to officially send their employees on business trips. Thus, sending an […]

The value of gold futures per troy ounce (31.1 grams) has increased in commodity markets. elchi reports, citing exchange data, that on the New York “COMEX” commodity exchange, the value of December 2026 futures for gold per troy ounce increased by 0.38% to $4,218.2 US dollars. On “COMEX”, the price of December 2026 futures for […]

Deputy Foreign Minister of Azerbaijan Yalchın Rafiyev met with a delegation from the Working Party on Eastern Europe and Central Asia (COEST) of the Council of the European Union (EU) who are on a visit to our country. “Elchi” reports that the Ministry of Foreign Affairs (MFA) released information about this. During the meeting, the […]

The installation of new technology-based electronic scales on public roads continues with the aim of protecting road infrastructure, extending the service life of roads, and ensuring traffic safety. elchi reports that the Azerbaijan Surface Transport Agency announced this. 2 scales were installed on the M-2 Baku–Alat–Qazakh–State Border of the Republic of Georgia highway at the […]

A meeting at the level of heads of state with the participation of leaders of Central Asian countries and Azerbaijan will be held in the coming days. elchi reports that this was stated by the Minister of Economy Mikayil Jabbarov during his speech at the Central Asia–Mongolia–Caucasus–Afghanistan (CAMCA) Regional Forum held in Baku. The minister […]