ECONOMY

The World Bank’s country manager for Azerbaijan has changed. elchi reports that, according to information obtained by APA from the bank, Stefanie Stallmeister has stepped down as the World Bank’s country manager for Azerbaijan effective July 1 of this year due to the expiration of her term. She was appointed to this position on July […]

In January-June of this year, Azerbaijan imported locally produced goods from Georgia with a total value of 76.9 million US dollars. elchi reports that this was stated in the report of the National Statistics Office of Georgia. Compared to the previous year, Azerbaijan has increased the supply of Georgian products by 10.7%. Azerbaijan ranked seventh […]

Passengers will be able to verify their identity on domestic flights via the “mygov” application without presenting physical documents. elchi reports that a new digital registration service has been launched for citizens of the Republic of Azerbaijan traveling on the Baku–Nakhchivan–Baku route. Thanks to this service, passengers can provide their identity information during registration via […]

The price of gold on the New York Stock Exchange has decreased. elchi reports that the value of gold futures on the COMEX commodity exchange decreased by 1.88% to 4.023 US dollars. Meanwhile, silver futures per ounce on COMEX increased by 1.50% to 57.17 US dollars.

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information states that on July 20, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.036 manats. In turn, 100 Russian rubles depreciated to 2.1745 manats, while the euro appreciated to 1.9456 manats.  

The price of Azerbaijani oil has increased on the world market. elchi reports that the price of a barrel of “Azeri Light” brand oil has increased by 2.68 dollars or 3.02%, reaching 91.50 dollars. It should be noted that the lowest price for “Azeri Light” oil was recorded on April 21, 2020 (15.81 US dollars), […]

On July 17, 2026, a delegation led by the Minister of Economy of the Republic of Azerbaijan, Mikayil Jabbarov, paid a business visit to Uzbekistan. “Elchi” reports that during the visit, Mikayil Jabbarov, together with the Minister of Investments, Industry and Trade of Uzbekistan, Laziz Kudratov, participated in the 15th meeting of the Joint Intergovernmental […]

“The restoration of a number of direct flights between Azerbaijan and Russia is planned.” “Elchi” reports that Azerbaijani Foreign Minister Jeyhun Bayramov said this during a joint press conference with Russian Foreign Minister Sergey Lavrov while visiting Moscow. “The restoration of direct flights is expected in a number of directions where restrictions were applied following […]

From the very first day, Azerbaijan has been one of the most active parties in the process of coordinating and developing the North-South route. elchi reports that Foreign Minister Jeyhun Bayramov said this at a joint press conference with Russian Foreign Minister Sergey Lavrov in Moscow. The minister stated that strengthening transport and logistics connections […]

In the first half of this year, gas exports from Azerbaijan abroad amounted to 12.7 billion cubic meters. This was reported by “Elchi” citing the Ministry of Energy. According to the information, 5.9 billion cubic meters of the exported gas went to Europe, 4.9 billion cubic meters to Turkey (including 3 billion cubic meters via […]