ECONOMY

Two more international digital service providers have been registered for tax purposes through the electronic registration portal of the State Tax Service under the Ministry of Economy. According to information provided by the State Tax Service to elchi, the newly registered companies are Sweden’s “Spotify AB” and Singapore’s “TikTok Pte. Ltd.”. The registration of both […]

A unified regional structure representing Central Asia and the Caucasus as a whole has not yet been formed. elchi reports that the Chairman of the Central Asia-Caucasus Institute, Frederick Starr, said this during his speech at the Central Asia–Mongolia–Caucasus–Afghanistan (CAMCA) Regional Forum held in Baku. He stated that cooperation formats between the countries of the […]

During trading operations on the ICE London intercontinental exchange, the value of the December 2026 contract for the export of “Brent” oil decreased by 1.16% to 96.89 US dollars per barrel. According to elchi, the price of a barrel of “WTI” crude oil for export in November 2026 on the New York “NYMEX” commodity exchange […]

Azerbaijani products are showcased at the “Made in Azerbaijan” unified country stand at the “INNOPROM.Belarus” international industrial exhibition held in Minsk. elchi reports this, citing information from the Azerbaijan Export and Investment Promotion Agency (AZPROMO), that with the support of the Ministry of Economy and the organization of AZPROMO, products from 8 Azerbaijani companies are […]

A new rule regarding electronic transfers that financial institutions in Azerbaijan must report to the Financial Monitoring Service comes into force. elchi reports that, according to the decision of the Financial Monitoring Service, the minimum threshold for electronic transfer of financial funds per calendar year has been set at 20,000 manats or its equivalent in […]

Main indices in global stock markets mostly recorded negative dynamics. elchi reports that in the US, the “Dow Jones” index decreased by 131.59 points or 0.26% to 51,349.92 points, the “S&P 500” index fell by 12.85 points or 0.17% to 7,670.84 points, and the “Nasdaq Composite” index dropped by 22.84 points or 0.09% to 26,797.54 […]

Gas supply will be temporarily interrupted in several streets of Nasimi district. elchi reports that the Production Association “Azəriqaz” has released information about this. According to the information, due to repair and installation work, there will be a gas supply interruption in A. Maharramov, January 20, M. Jafarov, and Javadkhan streets of the district on […]

The “Ufuq” Public Union for Youth Development will implement the “Young Entrepreneurs Development Program” project in Lankaran and Masalli districts in October. The main goal of the project is to increase the knowledge and skills of young people aged 18–35 living in the regions in the field of entrepreneurship, to develop their business ideas, and […]

A new production facility is planned to be established through cooperation between the Indian international packaging company “UFlex Limited” and the Azerbaijan Business Development Fund (ABDF). This was reported to “Elchi” by the Ministry of Economy. The project will be implemented through “Flex Middle East FZE,” the company that manages the international assets of “UFlex […]

In January-August of this year, Azerbaijan exported gold worth 271.2 million US dollars to foreign markets. “Elchi” reports, citing the Center for Analysis of Economic Reforms and Communication, that this figure is 28.7% higher compared to the same period in 2025. In August alone, 36.8 million dollars worth of gold was exported from Azerbaijan. This […]