ECONOMY

A legal basis is being formed regarding the rules and procedures for determining whether a non-resident legal entity or individual, for whom it has been determined that the procuring organization cannot pay the performance and/or advance payment guarantee, is exempted from the obligation to provide such performance and/or advance payment guarantee. elchi reports that this […]

The next coupon payment on the European Bank for Reconstruction and Development (EBRD) bonds will be made. This was reported to elchi by the National Depository Center (NDC). It was noted that on July 1, 2026, the next coupon payment will be made for the floating-rate bonds issued by the EBRD, which are indexed to […]

Since the date of its commissioning, a total of 99.6 billion cubic meters of Azerbaijani gas has been transported via the Trans-Anatolian Natural Gas Pipeline (TANAP). According to elchi, this was reported with reference to the Ministry of Energy.   According to the information, 39.6 billion cubic meters of the mentioned volume were exported to […]

At today’s session of the Milli Majlis, the draft law “On the execution of the state budget of the Republic of Azerbaijan for 2025” was submitted for discussion. According to “Elchi”, according to the draft, in 2025, the revenues of Azerbaijan’s state budget exceeded the approved forecast by 2.2%, reaching 39 billion 184.6 million manats. […]

Azerbaijani oil “Azeri Light” (CIF) has increased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 1.24 dollars, or 1.67%, reaching 75.60 US dollars. It should be noted that the previous price of Azerbaijani oil was 74.36 US dollars. Recall that the average price of […]

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 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 1.03% to 3,997.1 US dollars. The price of September 2026 futures […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the exchange rate of the US dollar remained unchanged at 1.7000 manats on June 30. The Turkish lira has depreciated to 0.0364 manats, while 100 Russian rubles have appreciated to 2.2078 manats, and the euro has risen to 1.9362 manats.

The next board meeting of the Chamber of Accounts of the Republic of Azerbaijan has been held. elchi reports that this was announced at the meeting held under the chairmanship of Vugar Gulmammadov, Chairman of the Chamber of Accounts. The meeting was also attended by Azer Amiraslanov, Chairman of the Committee on Economic Policy, Industry […]

“Methodology for crypto-assets has been developed in Azerbaijan”. elchi reports that this was stated by Rasim Hammadov, a member of the Azerbaijan Banks Association (ABA), at the “Azerbaijan’s Digital Finance Agenda” event held in Baku. Methodology for crypto-assets has been developed in Azerbaijan According to him, it is not correct to view crypto-assets solely as […]