ECONOMY

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 6.43 US dollars, or 5.55%, reaching 122.32 US dollars. It should be noted that the previous price of Azerbaijani oil was 115.89 US dollars. As a reminder, the […]

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 June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.05% to 4,559.3 US dollars. The price of July 2026 silver futures per […]

During trading operations on the ICE London Intercontinental Exchange, the value of the June 2026 contract for the export of Brent crude oil increased by 6.92%, reaching 126.2 US dollars per barrel. According to elchi, the price of 1 barrel of WTI crude oil for export in June 2026 on the NYMEX commodity exchange in […]

The Chairman of the State Customs Committee, Shahin Baghirov, has explained the importance of transitioning to the implementation of a single electronic declaration in multimodal transport. “Elchi” reports that during the discussion of the draft law on amendments to the Customs Code at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and […]

At the initiative of Azerbaijan Airlines (AZAL), one of the AZCON Holding companies, a group of 36 graduates from the National Aviation Academy (NAA) was sent to Lleida, Spain, on April 25 and 29, 2026, to participate in a professional development training program. The goal of the program is to strengthen the professional training of […]

Pirated or counterfeit goods can be abandoned in favor of the state. “Elchi” reports that this is reflected in the proposed amendment to the Customs Code, which was discussed at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. According to the draft, when a decision is made that goods crossing […]

The World Bank (WB) has updated its forecast for the average price of Brent crude oil for 2026-2027. As reported by “Elchi”, citing the bank’s April forecast. According to the forecast, the average price of Brent crude oil will be 86 US dollars in 2026 (26 dollars more than the previous forecast) and 70 dollars […]

Participants of the event dedicated to “Entrepreneur’s Day” on the topic “Development of entrepreneurship is a strong economy” have addressed the President of Azerbaijan Ilham Aliyev. “Elchi” reports that the text of the appeal was read by Sevda Əlizadə, Executive Director of Malham International Hospital.

The World Bank has raised its gold price forecasts for 2026 and 2027. “Elchi” reports this with reference to the Bank. According to the forecast, the average price of gold is expected to be $4,700 per troy ounce in 2026. This represents a 37% increase compared to 2025. Compared to the World Bank’s previous forecast […]