ECONOMY

In January-June 2026, nearly 484 thousand tons of sulfur and related goods were transported by Azerbaijan Railways CJSC (ADY). According to the information provided to elchi by ADY, this is more than 31% higher compared to the same period last year. The volume of sulfur cargo transported in transit mode increased by more than 30%, […]

In January-June 2026, 475 rental agreements were formalized under the rent-to-own mechanism. This was reported to elchi by the Mortgage and Credit Guarantee Fund (MCGF). As of July 1, 2026, the housing conditions of 9,545 families have been improved through this mechanism. More than 60 percent of the citizens who have become homeowners are youth […]

The Ministry of Finance has resumed deposit auctions. “Elchi” reports, citing the Ministry of Finance, that in order to more efficiently manage state budget funds, a deposit auction was organized to place treasury account funds in national currency into deposits at local banks. Based on the auction results, a balance of 73 million manats from […]

As of July 1, 2026, Azerbaijan’s external public debt amounted to 4.62 billion US dollars. elchi reports that this was stated by the State Statistical Committee. It should be noted that this is 7.9% less compared to the same period last year. In June alone, the country’s external public debt decreased by 25.6 million US […]

A new draft law on “Seed Growing” has been prepared. elchi reports that the draft law was submitted for discussion at today’s meeting of the Milli Majlis. The draft law consists of 6 chapters and 27 articles. According to the project, an information system (Registry) of the body (institution) determined by the relevant executive authority […]

Propane and fertilizer will be sent from Russia to Armenia via transit through Azerbaijan. “Elchi” reports that 14 wagons of propane and 5 wagons of fertilizer will be dispatched from Bilajari station today.

Civil unmanned aerial vehicles (UAVs) will be controlled, and inspections will be carried out. “Elchi” reports that this is reflected in the proposed amendments to the Law “On Aviation,” which were discussed at today’s session of the Milli Majlis. According to the draft, the operation of UAVs will be carried out based on a registration […]

Requirements for the movement of autonomous vehicles are being set. “Elchi” reports that this is reflected in the proposed amendment to the Law “On Road Traffic”, which was discussed at today’s meeting of the Milli Majlis. According to the draft, an autonomous vehicle is a civil-purpose vehicle that moves through an automated driving system, moves […]

The 29th meeting of the Azerbaijan-Russia Joint Commission on the distribution of water resources of the transboundary Samur River, established in accordance with the Agreement between the Republic of Azerbaijan and the Russian Federation “On cooperation in the field of efficient use and protection of water resources of the transboundary Samur River”, was held on […]

In world markets, Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price by nearly 3 dollars in the last trading session. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 2.98 dollars, or 3.6%, to 79.09 US dollars. It should be noted that the previous price of […]