ECONOMY

In January-February of this year, 8,863 tourists from Israel visited Azerbaijan. This was reported to elchi by the State Tourism Agency. According to the information, this is 2.1 times more compared to the same period last year. Thus, in January-February of last year, this figure was 4,147 people.

Dedollarization trends in the market continue. During 2025, the dollarization of the loan portfolio in the banking sector decreased by 1.9 percentage points to 14.2% (a historical low). The dollarization of the deposit portfolio decreased by 1.9 percentage points compared to the end of 2024, amounting to 35.6%. “Elchi” reports this with reference to the […]

In 2025, compared to the beginning of the year, the consumer loan portfolio in Azerbaijan increased by 10.8% (909 million manats), reaching 9.4 billion manats. “Elchi” reports that this was noted in the Central Bank’s “Financial Stability Report”. It was stated that the annual growth rate of the consumer portfolio in 2025 was 10.8%, which […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 14, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0380 manats. The euro appreciated to 2.0004 manats, and 100 Russian rubles appreciated to 2.2320 manats.  

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has increased. “Elchi” reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.57% to 4,794.35 US dollars. The price of May 2026 silver futures per […]

During trading operations on the ICE London Intercontinental Exchange, the value of the June 2026 contract for the export of Brent crude oil decreased by 1.46% to 97.91 US dollars per barrel. According to elchi, the price of 1 barrel of WTI crude oil for export in May 2026 on the New York NYMEX commodity […]

Growth has been observed in the main indices of the US stock markets. “Elchi” reports that the Dow Jones Industrial Average index in the US markets rose by 0.63% to 48,218.25 points. The S&P 500 increased by 1.02% to 6,886.24 points, and the Nasdaq Composite rose by 1.23% to 23,183.74 points. In European markets, a […]

The Organization of the Petroleum Exporting Countries (OPEC) has released its forecast for average daily global oil demand for 2026-2027. According to “Elchi”, this was reported citing OPEC’s monthly report. According to the report, the average daily global oil demand next year will be 107.87 million barrels (the forecast remains unchanged), which is 1.34 million […]

In March of this year, the average daily crude oil production in Azerbaijan was at the level of 457 thousand barrels. According to information provided by elchi, citing the monthly report of the Organization of the Petroleum Exporting Countries (OPEC), the mentioned figure was at the level of 458 thousand barrels in February of the […]

In January-March 2026, the nominal income of the Azerbaijani population amounted to 22 billion 359.1 million. elchi reports that the mentioned indicator is seven percent higher compared to the corresponding period of the previous year. Furthermore, in January-February 2026, the average monthly nominal salary in the country was 1099.1 manats. This means a 5.3% increase […]