ECONOMY

The International Monetary Fund (IMF) forecasts that global GDP will grow by 3% by the end of 2026 and by 3.4% in 2027. elchi reports that this is stated in the organization’s report on the development prospects of the world economy. According to the document, the forecast for global economic growth has been reduced by […]

Since the beginning of its operations in Azerbaijan, bp, on its own behalf and on behalf of its co-venturers in the joint ventures it operates, has spent a total of over 115 million US dollars on social investment projects in the country. According to elchi, this was reported with reference to BP. According to the […]

In January–June 2026, 5,464,009 passengers were transported by “Azerbaijan Railways” CJSC (ADY). According to elchi, this was reported with reference to ADY. According to the information, this figure is 18% higher compared to the same period last year. Thus, in January–June 2025, 4,648,441 passengers used railway transport. In June 2026 alone, 950,287 passengers were transported […]

The price of “Azeri Light” (CIF) Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 1.95 dollars, or 2.65%, reaching 75.66 US dollars. It should be noted that the previous price of Azerbaijani oil was 73.71 US dollars. As a reminder, the average […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on July 8, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0363 manats. In turn, 100 Russian rubles increased to 2.2222 manats, while the euro decreased to 1.9405 manats.

In January–June of this year, the total turnover of the “Baku Stock Exchange” (BSE) amounted to 23.8 billion manats. elchi reports, citing the BSE, that this figure has decreased by 34.9% compared to the same period last year. During the reporting period, the number of transactions concluded on the BSE was 35,442. The total volume […]

Azerbaijan Airlines (AZAL) has resumed its flights on the Baku–Nakhchivan route, and flights are currently being operated according to the schedule. This was reported by “Elchi” with reference to AZAL. It should be noted that after the stabilization of weather conditions in the region, the flights are continuing to operate in normal mode.

The Asian Development Bank (ADB) has approved a new technical assistance program aimed at strengthening public financial management and public procurement systems in the Asia-Pacific region, which includes Azerbaijan. “Elchi” reports that the total value of the regional project titled “Conducting Fiduciary Assessments and Strengthening Public Financial Management Systems in the Asia and Pacific Region” […]