ECONOMY

NEWS

Gold trades below $5,200 in commodity markets

ECONOMY
The price of gold futures for one troy ounce (31.1 grams) has increased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 futures for one troy ounce of gold increased by 0.81%, reaching 5,165.34 US dollars. On COMEX, the price of May 2026 futures […]
NEWS

World Bank: Azerbaijan’s energy future will depend on grid and market reforms

ECONOMY
Azerbaijan’s energy future will depend on decisions made regarding grid, energy storage systems, and market integration in the coming years. “Elchi” reports that Stefanie Stallmeister, World Bank Country Manager for Azerbaijan, stated this at the meeting of the Green Energy Advisory Council. Stefanie Stallmeister noted that there is a strong synergy between the Black Sea […]
NEWS

Revenues from information and communication sector in Karabakh and East Zangezur disclosed

ECONOMY
Last year, the total value of information and communication services provided in the Karabakh and East Zangezur economic regions amounted to 7 million 281 thousand 800 manats. “Elchi” reports this, citing the State Statistical Committee. According to the information, this is 2.7% less compared to 2024. In 2025, services worth 6 million 945 thousand 900 […]
NEWS

Additional train services scheduled on Baku-Gazakh-Baku route – SCHEDULE

ECONOMY
“Azerbaijan Railways” CJSC (ADY) has scheduled additional train services on the Baku-Gazakh-Baku route to meet passenger demand during the upcoming holiday season. According to information provided by ADY to “Elchi”, trips will be organized in both directions on March 20, 22, 29, and 30. “Tickets can be purchased from railway ticket offices, our website, or […]
NEWS

Gold prices rise, silver prices fall in commodity markets

ECONOMY
In commodity markets, the price of gold futures per troy ounce (31.1 grams) has increased. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 gold futures per troy ounce increased by 0.5% to 5,336.94 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]
NEWS

Azerbaijani oil price approaches $80

ECONOMY
The price of Azerbaijani oil brand “Azeri Light” (CIF) has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 6.85 US dollars or 9.4%, reaching 79.6 US dollars. It should be noted that the previous price of Azerbaijani oil was 72.75 US dollars. It is worth recalling […]
NEWS

Natural Gas Prices Rise on New York Exchange

ECONOMY
The price of natural gas futures quotes on the New York Mercantile Exchange (NYMEX) has increased. “Elchi” reports that the price of natural gas futures for delivery in April 2026 increased by 2.33% to 3.03 US dollars per 1 million BTU (British thermal unit).
NEWS

Azerbaijan and Moldova discussed cooperation in the energy sector

ECONOMY, NEWS FEED, POLITICS
Azerbaijan’s Minister of Energy Parviz Shahbazov and his Moldovan counterpart Dorin Jungietu discussed cooperation in natural gas production at a meeting held in Baku. “Elchi” Referring to the Ministry of Energy of Moldova, it is reported that Dorin Jungietu is participating in the 12th ministerial meeting of the Southern Gas Corridor Advisory Council in Baku. […]
NEWS

Mikayil Jabbarov meets with bp Vice President

ECONOMY
A meeting was held with the Vice President of bp company During the meeting with bp’s Executive Vice President for Production and Operations, cooperation issues on the agenda were discussed. Minister of Economy Mikayil Jabbarov met with Gordon Birrell, bp’s Executive Vice President for Production and Operations. “Elchi” reports that during the meeting, long-term effective cooperation […]
NEWS

Most used social networks in Azerbaijan announced

ECONOMY
Last month, “Facebook” was the most used social network in Azerbaijan. “Elchi” reports this, citing “StatCounter”. During this period, “Facebook”‘s share in Azerbaijan’s social network market was 80.38%. This is 4.92 percentage points more compared to January, and 13.24 percentage points more compared to the previous year. According to the number of users, the “X” […]