ECONOMY

On London’s ICE exchange, Brent crude oil futures were priced at $91.12. elchi reports that the price of Brent crude oil has decreased by 1.70%. The price of WTI crude oil futures also fell by 1.73%, reaching $87.36 per barrel.

It is planned to promote the formation of a vegetable oil production cluster in Azerbaijan in 2026-2030. elchi reports that this issue is reflected in the “State Program for the Development of Production and Processing of Agricultural, Fishery and Aquaculture Products in the Republic of Azerbaijan for 2026-2030”. According to the document, it is planned […]

In the last five years, a decrease in the number of animals has been observed in the country. elchi reports that Minister of Agriculture Majnun Mammadov stated this at a meeting dedicated to agricultural issues chaired by President Ilham Aliyev. He noted that, nevertheless, there is an increase in meat production and per capita meat […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-ın məlumatına görə, on May 25, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0372 manats. The euro increased to 1.9792 manats, while 100 Russian rubles decreased to 2.3845 manats.

Azerbaijani oil of the “Azeri Light” brand has become cheaper in the world market. elchi reports that the price of 1 barrel of oil decreased by 4.09 US dollars or 3.58%, amounting to 110.05 US dollars. It should be noted that the lowest price for “Azeri Light” oil was recorded on April 21, 2020 (15.81 […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing stock exchange data, that the value of August 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.44% to 4,556.4 US dollars. The price of July 2026 silver futures […]

Azerbaijan Airlines (AZAL) has resumed the Baku-Nakhchivan-Baku flights that were postponed due to unfavorable weather conditions. According to the information provided by AZAL to elchi, although there are currently unstable weather conditions in the region, flights on the mentioned route continue to be operated as they do not pose a threat to flight safety.   […]

Mine clearance is not only a humanitarian activity that saves human lives, but also the main foundation for restoration and reconstruction. elchi reports that ANAMA Chairman Vugar Suleymanov stated this at the event titled “Post-Conflict Urban Reconstruction: The Crucial Role of Humanitarian Mine Action” held within the framework of WUF13. ANAMA Chairman stated that this […]

In the American stock markets, the Dow Jones index increased by 0.55% to 50,285.66 points, the S&P 500 index by 0.17% to 7,445.72 points, and the Nasdaq index by 0.09% to 26,293.1 points. According to elchi, the FTSE 100 index in European stock markets rose by 0.11% to 110,443.47 points. Germany’s DAX index decreased by […]

“The Baku-Tbilisi-Kars railway line will increase the value of the Middle Corridor as another important transport hub.” “Elchi” reports that this was stated by the Georgian Minister of Economy and Sustainable Development, Mariam Kvrivishvili, in an interview with the “Imedi” TV channel. She noted that both the Georgian and Azerbaijani sides were interested in implementing […]