ECONOMY

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 […]

During the trading operations held on the “ICE London” intercontinental exchange, the value of the August 2026 contract for the export of “Brent” oil decreased by 0.38% to 76.01 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” brand oil for export in August 2026 on the New York “NYMEX” […]

In January-April of this year, Azerbaijan exported 67,346 tons of cotton fiber worth 92.96 million US dollars. “Elchi” reports citing Report that, according to calculations based on data from the State Statistical Committee, this is 51% more in value terms and 64% more in quantity compared to the same period of 2025. During the reporting […]

Today, a meeting of the Economic Council was held under the chairmanship of Prime Minister Ali Asadov. This was reported to elchi by the Cabinet of Ministers. The first item on the meeting’s agenda was the draft of the “State Program for the Development of Tourism in the Republic of Azerbaijan for 2026-2030,” including the […]

“North West Construction” Limited Liability Company has been declared the winner of the investment competition announced for the sale of state-owned shares of “Garadagh Glass Factory” OJSC. “Elchi” reports, citing the State Service for Property Issues, that the competition concluded on May 19 of this year. Within the framework of the Investment Program, the winner […]