ECONOMY

The International Monetary Fund (IMF) states that the countries of the Caucasus and Central Asia will continue to develop under the influence of favorable economic growth factors. elchi reports that this was noted in the IMF’s updated global economic forecast. According to the report, economic growth in the Middle East and Central Asia region will […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information indicates that on July 10, the US dollar exchange rate remained unchanged at 1.7000 manats. In turn, the Turkish lira fell to 0.0362 manats, while 100 Russian rubles rose to 2.2353 manats, and the euro increased to 1.9452 manats.  

In January-June 2026, 2,242 mortgage loans totaling 226.3 million manats were issued by authorized banks at the expense of the Mortgage and Credit Guarantee Fund. According to the information provided by the Fund to elchi, in addition to this, 1,418 ordinary mortgage loans worth 156.1 million manats and 824 concessional mortgage loans worth 70.2 million […]

In recent years, systematic reforms have been carried out in the field of digital development in Azerbaijan, and this process is being consistently continued under the supervision of the country’s leadership. elchi reports that Deputy Minister of Digital Development and Transport Rashad Hasanov stated this at a public hearing in the Milli Majlis on the […]

In a number of supermarkets, cellophane (polyethylene) bags have become more expensive again. “Elchi” reports that currently, cellophane bags are sold for 7 and 9 qepiks depending on their size. It should be noted that since 2023, based on the decision of the Ministry of Ecology and Natural Resources and relevant institutions, these bags are […]

It is expected that economic growth in Azerbaijan will reach 2% in 2026. elchi reports, citing “APA-Economics”, that this was stated by Vael Mansour, World Bank Senior Economist for the South Caucasus, at the presentation of the “Azerbaijan Country Economic Update – Spring 2026” report in Baku. According to him, economic growth in 2026 will […]

Next year, a new direct air connection with China will be launched via “China Eastern Airlines”. “Elchi” reports that Florian Sengstschmid, Chief Executive Officer of the Azerbaijan Tourism Board, stated this during a panel discussion held within the framework of the presentation of the World Bank’s “Azerbaijan Country Economic Update – Spring 2026” report. According […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 6.41 dollars, or 8.5%, reaching 82.07 US dollars. It should be noted that the previous price of Azerbaijani oil was 75.66 US dollars. Recall that in this […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of August 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.49% to 4070.5 US dollars. The price of September 2026 silver futures per […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”– according to the information, on July 1, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0363 manats. In turn, 100 Russian rubles depreciated to 2.2145 manats, while the euro appreciated to 1.9426 manats.   […]