ECONOMY

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 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-according to the information, on June 29, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0365 manats. In turn, 100 Russian rubles depreciated to 2.1687 manats, while the euro appreciated to 1.9351 manats.   Currency Code Rate […]

The value of futures for one troy ounce (31.1 grams) of gold has decreased in commodity markets. Citing elchi exchange data, it is reported that the value of August 2026 gold futures per troy ounce on the New York COMEX exchange fell by 0.6% to 4071.9 US dollars. The price of September 2026 silver futures […]

During trading operations on the “ICE London” intercontinental exchange, the value of the August 2026 contract for the export of “Brent” crude oil increased by 0.71% to 72.5 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in August 2026 on the New York “NYMEX” commodity […]