ECONOMY

Azerbaijani oil of “Azeri Light” (CIF) brand has risen in price in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 10.15 US dollars or 10.6%, reaching 105.58 US dollars. It should be noted that the previous price of Azerbaijani oil was 95.43 US dollars. It is worth recalling […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on March 13, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0385 manats. In turn, Russia’s 100 rubles depreciated to 2.1356 manats, and the Euro to 1.9556 manats.    

As of January 1 this year, the number of virtual cards in Azerbaijan was 2.3 million, which is 24.6% more than on January 1 last year. “Elchi” reports this with reference to the Central Bank of Azerbaijan (CBA). According to the information, as of the reporting date, virtual cards accounted for 10.7% of payment cards […]

In January-February 2026, the country produced a gross domestic product (GDP) of 18 billion 473.1 million manats. “Elchi” reports, citing the State Statistical Committee, that this is 0.3 percent more compared to the same period last year. The value added in the oil and gas sector of the economy decreased by 1.7 percent, while in […]

In January-February 2026, Azerbaijan’s non-oil sector exports increased by 19.7% compared to the corresponding period of 2025, reaching 580.7 million US dollars. “Elchi” reports this, citing the Center for Analysis of Economic Reforms and Communication. In January-February of the current year, exported sugar increased by 328.6% compared to the corresponding period of last year, cotton […]

More than 4 million citizens use the “Sima” biometric digital signature. Reliable digital identification and data protection mechanisms simultaneously form a key part of the healthy development of existing e-commerce. “Elchi” reports that Deputy Minister of Digital Development and Transport Samir Mammadov said this at a forum on “Consumers in the Modern Digital World: E-commerce, […]

In the cryptocurrency market, a decrease in the prices of major assets has been observed mainly over the last 24 hours. “Elchi” reports, citing the CoinMarketCap platform, that the market capitalization decreased by 0.77% in the last 24 hours, reaching 2.36 trillion dollars. The price of Bitcoin, the leading cryptocurrency, decreased by 0.06% in the […]

Azerbaijani “Azeri Light” (CIF) crude oil has become more expensive in world markets. “Elchi” reports that the price of Azerbaijani oil per barrel increased by 5.09 US dollars or 5.6% to 95.43 US dollars. It should be noted that the previous price of Azerbaijani oil was 90.34 US dollars. Recall that in this year’s state […]

In US stock markets, the Dow Jones index decreased by 0.61% to 47,417.27 points, and the S&P 500 index decreased by 0.08% to 6,775.8 points. The Nasdaq index, however, increased by 0.08% to 22,716.13 points. According to “Elchi”, in European stock markets, the FTSE 100 index fell by 0.56% to 10,353.77 points, Germany’s DAX index […]