ECONOMY

NEWS

New lease agreements signed for lands in liberated territories

— ECONOMY
Lease agreements have been signed with residents of Zabukh village in Lachin district, Hasanriz village in Aghdara district, and Girmizi Bazar settlement in Khojavand district for the use of land for agricultural purposes. This was reported to elchi by the Ministry of Agriculture. According to the information, 8 cooperatives were formed by 62 people in […]
NEWS

Some limestone and sand-gravel deposits have been transferred to the use of “AzerGold”

— ECONOMY
In order to increase efficiency in the field of exploitation of non-metallic mineral deposits and to meet market demand, the “Garadagh I and II” limestone deposits located in the Garadagh district of Baku, the “Guzdak muldasi” limestone deposits located in the territories of the Garadagh district of Baku and the Absheron district, the “Katexchay I […]
NEWS

Azerbaijan’s trade turnover with China has increased by more than 7%

— ECONOMY
In the first quarter of this year, trade operations worth 1 billion 103 million 631 thousand US dollars were carried out between Azerbaijan and China. This was reported to “Elchi” by the State Customs Committee (SCC). According to the information, this is 7.3% more compared to the same period last year. During the period, trade […]
NEWS

Iraq to increase daily oil exports via Ceyhan to 500,000 barrels

— ECONOMY
Iraq will soon increase the volume of oil transported from Kirkuk to the port of Ceyhan to 500,000 barrels per day. elchi reports that the Iraqi Ministry of Oil has released information regarding this matter. In mid-March, Iraq increased the daily transport volume along the Kirkuk-Ceyhan route to 250,000 barrels. On April 6, the country […]
NEWS

US dollar exchange rate rises to weekly maximum

— ECONOMY
The US dollar exchange rate has risen to a weekly maximum against major currencies. However, it later partially retreated against the backdrop of rising tensions between the US and Iran, as well as fading hopes for a peaceful resolution to the conflict in the Middle East. “Elchi” reports that this has prompted investors to turn […]
NEWS

Cigarette production in Azerbaijan has increased by more than 23%

— ECONOMY
In January-March of this year, 3 billion 816 million cigarettes were produced in Azerbaijan. “Elchi” reports, citing the State Statistical Committee, that this figure is 23.3% higher compared to the same period last year.   As of April 1, the stock of finished products in the warehouses of industrial enterprises amounted to 1 billion 15 […]
NEWS

Muxtar Babayev met with the President of COP31

— ECONOMY, NEWS FEED
The representative of the President of Azerbaijan for climate issues, Muxtar Babayev, met with Turkey’s Minister of Environment, Urbanization and Climate Change and President of COP31, Murat Kurum, in Antalya. “Elchi” reports that M. Babayev wrote about this on his “X” social media account. During the meeting held within the framework of the Antalya Diplomacy […]
NEWS

“Brent” crude oil has fallen in price by more than 9%

— ECONOMY
During the trading operations on the “ICE London” intercontinental exchange, the value of the June 2026 contract for the export of “Brent” crude oil decreased by 9.07% to 90.38 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in May 2026 on the New York “NYMEX” […]
NEWS

Azerbaijani oil prices have decreased

— ECONOMY
The price of Azerbaijani “Azeri Light” (CIF) crude oil has decreased again on world markets. elchi reports that the price of one barrel of Azerbaijani oil has fallen by 11.06 USD, or 9.57%, to 104.49 USD. It should be noted that the previous price of Azerbaijani oil was 115.55 USD. As a reminder, the average […]
NEWS

In the first quarter, share packages of 3 joint-stock companies and 298 vehicles were privatized

— ECONOMY
The State Service for Property Issues ensured the payment of 93.6 million manats to the state budget from privatization and leasing during January-March 2026. According to the information provided to elchi by the Service, work in the field of privatization and leasing of state property continues. The State Service held 14 auctions during January-March 2026. […]