ECONOMY

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on June 29, the exchange rate of the US dollar remained unchanged at 1.7000 manats. In turn, the Turkish lira decreased to 0.036 manats, 100 Russian rubles to 2.1767 manats, and the euro to 1.9442 manats.   Currency Code Rate 1 […]

The price of natural gas futures on the New York Mercantile Exchange (NYMEX) has increased. “Elchi” reports that the price of natural gas futures for delivery in August 2026 has increased by 0.38% to 2.87 USD per 1 million BTU (British thermal unit).

A Protocol of Intent and Cooperation has been signed between the Agrarian Services Agency (ASA) and the Seed Producers Sub-Union (TYAB) of Turkey. According to the information provided to elchi by the Ministry of Agriculture, the protocol was signed by the Chairman of the Agrarian Services Agency, Sardar Hajiyev, and the head of the Seed […]

In the first half of this year, consumers in the retail trade network in Azerbaijan spent 2,038 million manats on gasoline and diesel fuel alone. Regarding this, “Elchi” reports, citing the State Statistical Committee. According to the information, the indicator recorded during the reporting period exceeded the figure for the corresponding period of 2025 by […]

In January-June of this year, electricity production from renewable energy sources, including hydroelectric power plants, in Azerbaijan increased by 463.1 million kWh, amounting to 2,793.7 million kWh. This was reported by “Elchi” with reference to the operational data of the Ministry of Energy. “During the 6 months, compared to the corresponding period of 2025, electricity […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 0.32 dollars, or 0.37%, reaching 86.83 US dollars. It should be noted that the previous price of Azerbaijani oil was 86.51 US dollars. We remind you that […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of August 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.42% to 4,034.8 US dollars. The price of September 2026 silver futures per […]

On July 16, there will be interruptions in the power supply due to maintenance and inspection work to be carried out in a number of areas of the capital and Lankaran. According to the information provided to elchi by “Azerishig”, power supply will be temporarily suspended from 02:00 to 04:00 in Buzovna settlement, on Mammad […]

In the first half of the current year, 547 vehicles powered by electric motors worth 14 million 442.23 thousand US dollars were imported to Azerbaijan. elchi reports, citing the State Customs Committee, that this figure is 41.12% lower in quantity and 54.3% lower in value. In the corresponding period of last year, 929 electric vehicles […]