ECONOMY

The revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) may increase to 13.77 billion manats next year. “Elchi” reports that this was stated by the Ministry of Finance. According to the government’s expectations, the Fund’s revenues will amount to 13.17 billion manats in 2028, 13.39 billion manats in 2029, and 13.25 […]

Construction work has been completed on 30 road projects with a total length of 1,454.3 km in the territories liberated from occupation. According to the information provided to elchi by the State Agency of Azerbaijan Automobile Roads (AAYDA), construction work is currently underway on 38 projects with a total length of 2,432.8 km. According to […]

In the first quarter of this year, Azerbaijan exported products worth 5 million 757.48 thousand US dollars to Armenia. “Elchi” reports this with reference to the State Customs Committee. During the reporting period, the value of products imported from Armenia to Azerbaijan amounted to 960 US dollars. It should be noted that the shipment of […]

In January-March of this year, Azerbaijan exported 3,273,515.13 tons of oil worth 1,614,411.76 thousand US dollars to Italy. Thus, Italy has ranked first in Azerbaijan’s total oil exports. elchi According to the report of the State Customs Committee, the Czech Republic ranked second in Azerbaijan’s total oil exports (by value). During the reporting period, 355,470.34 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 16, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0380 manats. The Euro increased to 2.0074 manats, while 100 Russian rubles decreased to 2.2372 manats.  

The value of futures for one troy ounce (31.1 grams) of gold has increased in commodity markets. “Elchi” reports, citing stock exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.67% to 4,855.86 US dollars. The price of May 2026 silver futures […]

The main directions of Azerbaijan’s revenue policy for 2027-2030 have been announced. elchi reports that this was noted in the Medium-term budget framework for 2027-2030 prepared by the Ministry of Finance. It was stated that the main directions of the revenue policy include the following: 1. Improvement of the business environment and promotion of investments: […]

The share of defense and national security expenditures in the state budget will be reduced from 20.3% in 2027 to 18.6% by 2030. elchi reports that this was stated in the Medium-term budget framework for 2027-2030 prepared by the Ministry of Finance. According to the document, the share of expenditures on healthcare, social protection and […]

The medium-term budget framework for 2027-2030 has been announced in Azerbaijan. “Elchi” reports this with reference to the Ministry of Finance. It is noted that the medium-term budget framework was prepared in accordance with the “Rules for the preparation of the medium-term expenditure framework” approved by Decree No. 235 of the President of the Republic […]