ECONOMY

507 applications have been received from companies of 39 countries regarding the liberated territories. “Elchi” reports that this was reflected in the “Report on the Activities of the Cabinet of Ministers of the Republic of Azerbaijan in 2025”, which was discussed at today’s meeting of the Milli Majlis. It was noted that as of January […]

JW: Orban, in response to Kyiv’s provocations, uses the Hungarian diaspora in Ukraine. “Elchi” reports that in response to Volodymyr Zelensky’s provocations in energy infrastructure, Hungarian Prime Minister Viktor Orban will use thousands of members of the Hungarian diaspora in Ukraine. This was reported by the German publication Junge Welt (JW). The article states that […]

Relations between Azerbaijan and China are developing within the framework of strategic cooperation. “Elchi” reports that this was stated by Azerbaijan’s Minister of Economy Mikayil Jabbarov during a panel discussion titled “China and Global Governance Initiative” held within the framework of the XIII Baku Global Forum. “Our general policy is to create unity between the […]

Azerbaijani oil of “Azeri Light” (CIF) brand has risen in price in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 10.15 US dollars or 10.6%, reaching 105.58 US dollars. It should be noted that the previous price of Azerbaijani oil was 95.43 US dollars. It is worth recalling […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on March 13, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0385 manats. In turn, Russia’s 100 rubles depreciated to 2.1356 manats, and the Euro to 1.9556 manats.    

As of January 1 this year, the number of virtual cards in Azerbaijan was 2.3 million, which is 24.6% more than on January 1 last year. “Elchi” reports this with reference to the Central Bank of Azerbaijan (CBA). According to the information, as of the reporting date, virtual cards accounted for 10.7% of payment cards […]

In January-February 2026, the country produced a gross domestic product (GDP) of 18 billion 473.1 million manats. “Elchi” reports, citing the State Statistical Committee, that this is 0.3 percent more compared to the same period last year. The value added in the oil and gas sector of the economy decreased by 1.7 percent, while in […]

In January-February 2026, Azerbaijan’s non-oil sector exports increased by 19.7% compared to the corresponding period of 2025, reaching 580.7 million US dollars. “Elchi” reports this, citing the Center for Analysis of Economic Reforms and Communication. In January-February of the current year, exported sugar increased by 328.6% compared to the corresponding period of last year, cotton […]

More than 4 million citizens use the “Sima” biometric digital signature. Reliable digital identification and data protection mechanisms simultaneously form a key part of the healthy development of existing e-commerce. “Elchi” reports that Deputy Minister of Digital Development and Transport Samir Mammadov said this at a forum on “Consumers in the Modern Digital World: E-commerce, […]