ECONOMY

A new personnel appointment has been made at the Central Bank of Azerbaijan (CBA). elchi reports that Azer Novruzov has been appointed as the Director of the Strategic and Operational Risk Management Department of the Central Bank. He began his duties in July. It should be noted that Azer Novruzov had been working as a […]

Iran aims to expand energy cooperation with Russia. The Tehran government plans to import electricity from Russia’s southern regions via Azerbaijani territory. elchi reports that the Iranian Ministry of Energy has released information regarding this matter. It was stated that the issue was discussed during a meeting between Iranian Energy Minister Abbas Aliabadi and his […]

Fishery facilities that meet the requirements of normative legal acts in the fields of fisheries, food safety, and pedigree livestock breeding can be included in trade circulation. elchi reports that this is reflected in the new draft law “On Fisheries,” which was discussed at today’s session of the Milli Majlis. According to the draft, fishery […]

Azerbaijani oil “Azeri Light” (CIF) has increased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 3.38 dollars or 4.34%, reaching 81.29 US dollars. It should be noted that the previous price of Azerbaijani oil was 77.91 US dollars. We remind you that in this […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the US dollar exchange rate remained unchanged at 1.7000 manats on July 14. In turn, the Turkish lira depreciated to 0.0361 manats, the euro decreased to 1.9365 manats, while the Russian 100 rubles appreciated to 2.2157 manats.

2.2 million manats have been allocated for the purchase of a new platform aimed at increasing the cybersecurity level of 15 institutions in Azerbaijan. elchi reports that the National Cybersecurity Center has announced an open tender regarding this matter. According to the information, the estimated price for the purchase of a platform for the evaluation […]

The number of passengers using the ‘SİMA Pay’ facial recognition payment system installed at Baku and Sumgayit railway stations, as well as the Koroglu stop, has exceeded 9 thousand. “Elchi” reports that Azerbaijan Railways CJSC (ADY) has released information regarding this. According to the information, the system, which has been in use for two months, […]

The relationship between the State Customs Committee (SCC) of the Republic of Azerbaijan and the World Customs Organization (WCO) has been strong for many years and continues at the same level today. elchi reports that this was stated by the Secretary General of the World Customs Organization, Ian Sanders, in his statement to journalists during […]

The foundation of Uzbekistan-Azerbaijan relations is based on friendship and brotherly ties. elchi reports that President Ilham Aliyev stated this at the 4th Shusha Global Media Forum. “The personal friendship between the President of Uzbekistan, Shavkat Miromonovich, and me has raised our relations to a higher level. The President of Uzbekistan was the first to […]

Currently, the supply of crude oil from Azerbaijan to Japan is of greater importance than ever before. elchi reports that President Ilham Aliyev stated this at the 4th Shusha Global Media Forum while answering a Japanese journalist’s question regarding Azerbaijan’s contribution to Japan’s energy security. “Yes, currently, the supply of crude oil from Azerbaijan to […]