ECONOMY

Today, the selection process of apartments within the framework of the rent-to-own mechanism conducted by the Mortgage and Credit Guarantee Fund (MCGF) has been successfully completed. elchi reports that for the first time in Azerbaijan, during the mass selection of residential premises, the SİMA digital signature facial recognition technology was applied at the initiative of […]

The Board of the Ministry of Digital Development and Transport has approved the “Rules for the temporary operation of the railway safety zone”. “Elchi” reports, citing “Azerbaijan Railways” CJSC, that these Rules cover the temporary operation of the railway safety zone to ensure the implementation of projects for the improvement of the Baku – Khirdalan […]

The electric train assistant driver training program, implemented within the framework of cooperation between Azerbaijan Railways (ADY) and the Baku State Vocational Education Center for Railways and Metro, has been successfully completed. “Elchi” reports that ADY has released information regarding this. A group was formed based on selection among students studying for the driver profession […]

In the first half of this year, 2,259.94 thousand tons of gas condensate were produced in Azerbaijan, which is 9.1% less compared to the previous year. According to the information provided to “Elchi” by the State Statistical Committee, 2,253.07 thousand tons of the gas condensate produced in Azerbaijan during the reporting period accounted for marketable […]

In the first half of this year, 7,864.17 million cubic meters of associated gas were produced from Azerbaijan’s oil fields, which is 6.5% more compared to the previous year. According to the information provided to “Elchi” by the State Statistical Committee, 2,530.77 million cubic meters of the associated gas produced in Azerbaijan during the reporting […]

In June 2026, central banks bought 51 tons of gold. “Elchi” reports that this is stated in the data of the World Gold Council (WGC). The most active buyers in June were the Central Bank of Poland (+19 tons) and China (+15 tons). Uzbekistan (+9 tons), Kazakhstan (+7 tons), and Jordan (+3 tons) were also […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 5.14 dollars, or 5.05%, to 96.73 US dollars. It should be noted that the previous price of Azerbaijani oil was 101.87 US dollars. Let us recall that […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, the exchange rate of the US dollar remained unchanged at 1.7000 manats on August 4. In turn, the Turkish lira decreased to 0.0357 manats, 100 Russian rubles to 2.1156 manats, and the euro to 1.9566 manats. Currency Code Rate 1 US […]

The Azerbaijan Banks Association (ABA) and the Azerbaijan Fintech Association (AzFina) have reached an agreement on the application of a risk-based approach to deposit operations on payment instruments in order to minimize the risks of misuse of the services of banks and electronic money institutions. “Elchi” reports this with reference to the Azerbaijan Banks Association […]

“Dashli Bulaq” natural mineral table water, which has appeared on Azerbaijani market shelves since 2023, was launched by “Azersun Holding” with great claims. It is emphasized that this water is extracted from a mountain peak at an altitude of 2450 meters in Gadabay through 18 kilometers of special pipes and is bottled by “Dashli Bulaq […]