ECONOMY

Customs representation is being institutionalized again, the concept of “customs broker” is being replaced by “indirect customs representation”, a registry will be created, direct customs representation will be introduced, and the license requirement for this field will be abolished. elchi reports that this is reflected in the proposed amendment to the Customs Code, which will […]

The customs value of goods will be declared in national currency. elchi reports that this is reflected in the new Article 220.3 proposed to the Customs Code, which will be discussed at the Milli Majlis meeting to be held on May 1. According to the draft, the customs value of goods will be declared in […]

As of April 1, eurobonds accounted for 1 billion 387.3 million dollars of Azerbaijan’s external public debt. “Elchi” reports, citing the Ministry of Finance, that this is equal to 29.5% of the external public debt. It should be noted that the maturity date for 310.7 million dollars of the eurobonds in circulation is 2029, and […]

“The increase in oil and gas prices will have a positive impact on Azerbaijan’s external and public finances and could contribute to an acceleration of economic growth in 2026.” elchi reports that this was stated in a report by the international rating agency “Fitch Ratings”. The report notes that the rise in hydrocarbon prices against […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 0.12 US dollars, or 0.1%, to 113.85 US dollars. It should be noted that the previous price of Azerbaijani oil was 113.97 US dollars. Let us […]

In order to ensure comfortable and safe movement, traffic will be restricted from 00:00 on April 28 in the section from Muzaffar Narimanov Street to Araz Street (“Ulduz” metro station). According to the information provided to elchi by the State Agency of Azerbaijan Automobile Roads, the restriction will remain in effect until the repair work […]

In March of this year, the average spot market price for natural gas in Europe according to the TTF (the Netherlands’ “Title Transfer Facility”, Europe’s most liquid virtual trading hub) index was 17.84 US dollars per 1 million BTU (British thermal unit). This was reported by “Elchi” citing a report from the Gas Exporting Countries […]

In 2025, the Ministry of Energy’s expenses amounted to 25 million 831 thousand 628.42 manats. “Elchi” reports that this was noted in the Ministry’s financial activity report for 2025. In the reporting year, the ministry’s expenses decreased by 9.51% compared to 2024. The value of consumed materials increased by 15.4%, reaching 76 thousand 591.07 manats. […]

As of March 31, 2025, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has transferred a total of 173,622.9 million manats to the state budget. This was reported by “Elchi”, citing the State Oil Fund. It should be noted that in January-March of this year, within the framework of the execution of the […]

The reconstruction of the “Hazi Aslanov” station will be carried out during the construction period of the “Y-17” station, which will serve as a transfer point to the “Hazi Aslanov” station, in accordance with the State Program covering the years 2025–2030. “Elchi” reports that Baku Metro CJSC has released information regarding this matter. It was […]