ECONOMY

In January-February of this year, ferrous metals worth 6 million 602 thousand US dollars were exported from Azerbaijan to foreign markets. “Elchi” reports, citing the State Customs Committee, that this is 14.9% more compared to the same period last year. During the reporting period, ferrous metals worth 86 million 719 thousand US dollars were imported […]

The price of natural gas futures quotes on New York’s “NYMEX” commodity exchange has increased. “Elchi” reports that the price of natural gas futures with delivery in April 2026 increased by 0.19% per 1 million BTU (British thermal unit), reaching 3.10 US dollars.

The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 gold futures per troy ounce decreased by 5.51% to 4,355.70 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on March 16, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0385 manats. Meanwhile, Russia’s 100 rubles decreased to 2.1208 manats, and the Euro depreciated to 1.9453 manats.

Azerbaijani oil of “Azeri Light” brand has risen in price on the world market. “Elchi” reports that the price of 1 barrel of oil increased by 3.52 US dollars or 3.33% to 109.10 US dollars. It should be noted that the lowest price of “Azeri Light” oil was recorded on April 21, 2020 (15.81 US […]

Futures quotes for natural gas have fallen on the New York “NYMEX” commodity exchange. “Elchi” reports that in commodity markets, natural gas futures, per 1 million BTU (British thermal unit), lost 3.16% of their value, amounting to 3.1310 US dollars. On the Netherlands’ “Title Transfer Facility” (TTF) platform, the price of gas per megawatt-hour decreased […]

One of the most important outcomes of the Washington Summit was the laying of the foundation for the Zangezur corridor. “Elchi” reports that Prime Minister Ali Asadov stated this during the presentation of the “Report on the Activities of the Cabinet of Ministers of the Republic of Azerbaijan in 2025”. It was noted that the […]

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 […]