ECONOMY

According to the latest information received by the Azerbaijan Insurers Association from local insurance market participants as of today, a total of 620 insurance claims have been submitted to 5 non-life insurance companies regarding insurance events that occurred between April 4-6, 2026. This was reported to elchi by the Association. It was stated that 417 […]

One of the houses that caused the collapse of the 1200 mm diameter sewage collector under the balance of the United Water Supply Service of Large Cities of the State Water Resources Agency of Azerbaijan has been demolished based on the commission’s decision. This was reported to “Elchi” by the United Water Supply Service of […]

The contract signed for the supply of Azerbaijani gas to Serbia via the Bulgaria–Serbia interconnector has been extended until the end of 2026. According to the information provided to elchi by the Ministry of Finance, this was stated by Sahil Babayev, Minister and co-chair of the Intergovernmental Commission on Trade and Economic Cooperation between Azerbaijan […]

The first stage of the construction of a tunnel nearly 200 meters long, which will connect the “Jafar Jabbarli–Nizami” section—one of the main goals of the Baku Metro line separation project—has been completed. “Elchi” reports that Mammad Rzayev, head of the construction project management department of “Baku Metropolitan” CJSC, stated this to journalists. He noted […]

Work is rapidly continuing towards connecting the Nakhchivan Autonomous Republic to the country’s main energy system and forming the Azerbaijan–Turkey–Europe energy corridor. Regarding this, “Elchi” reports, citing AzerEnergy OJSC. “Within this framework, a 330-kilovolt high-voltage transmission line with a load-carrying capacity of 1000 megawatts, consisting of two circuits, is being constructed starting from Jabrayil. In […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has decreased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 1 US dollar or 0.71%, reaching 140.68 US dollars. It should be noted that the previous price of Azerbaijani oil was 141.68 US dollars. Recall that in […]

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 2.06% to 4,829.7 US dollars. The price of May 2026 silver futures per […]

In January-February of this year, Azerbaijan exported forest hazelnuts worth 57.4 million US dollars. “Elchi” reports this, citing the Center for Analysis of Economic Reforms and Communication. During the period, the value of exported products doubled compared to January-February of last year. It should be noted that in the same period last year, forest hazelnuts […]