ECONOMY

In January-February of this year, 633.5 tons of exotic fruits worth 1.17 million US dollars were imported to Azerbaijan from foreign countries. “Elchi” reports, citing the State Statistical Committee, that this figure increased by 20.7% in value terms and 2.8% in volume compared to the same period last year. During the reporting period, 407.7 tons […]

In the first quarter of this year, 13,919.9 tons of liquid vegetable oil and 5,918.9 tons of butter were produced in Azerbaijan. “Elchi” reports, citing the State Statistical Committee, that the production of liquid oils increased by 24.2% compared to the same period last year, while the production of butter, on the contrary, decreased by […]

I call on Russian business to pay attention to the initiatives put forward by the Azerbaijani government and to more actively use the opportunities presented by the government. elchi reports that Deputy Prime Minister of Russia Alexei Overchuk said this at the meeting of the Azerbaijan-Russia Business Council. “Of course, I cannot help but call […]

Since the commissioning of the Baku-Supsa pipeline until April 1, 2026, 738 million barrels of oil have been transported through it. This was reported to elchi citing SOCAR. According to the information, the pipeline holds an important place in Azerbaijan’s modern energy strategy, ensuring the access of Azerbaijani oil to the world market via the […]

According to operational data for the 1st quarter of 2026, electricity production in Azerbaijan amounted to 6,991 million kWh. This was reported to “Elchi” by the Ministry of Energy. According to the information, during this period, 6,066 million kWh was produced at TPPs, 510.5 million kWh at HPPs, and 414.5 million kWh from other sources, […]

In order to increase passenger satisfaction and ensure transport accessibility in the regions, the Kurdamir railway station will be opened for passenger use starting from April 18, 2026. According to the information provided to elchi by “Azerbaijan Railways” CJSC, trains operating on the Baku–Gazakh–Baku, Baku–Balakan–Baku, Baku–Agdam–Baku routes, as well as the Baku–Agstafa–Baku routes scheduled for […]

The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased again in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil increased by 2.54 US dollars, or 2.25%, reaching 115.55 US dollars. It should be noted that the previous price of Azerbaijani oil was 113.01 US dollars. Recall […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 17, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0379 manats, the euro to 2.0030 manats, and 100 Russian rubles to 2.2257 manats.

Oil has become cheaper in global energy markets. elchi reports that May futures for WTI crude oil on the New York Mercantile Exchange (NYMEX) fell by 1.26 US dollars (1.33%) to 93.43 dollars/barrel. The price of June futures for Brent crude oil on London’s ICE exchange decreased by 1.21 US dollars (1.22%) to 98.18 dollars/barrel. […]