ECONOMY

According to operational data for the 1st quarter of 2026, electricity production in Azerbaijan amounted to 6,991 million kWh. This was reported to “Elchi” by the Ministry of Energy. According to the information, during this period, 6,066 million kWh was produced at TPPs, 510.5 million kWh at HPPs, and 414.5 million kWh from other sources, […]

In order to increase passenger satisfaction and ensure transport accessibility in the regions, the Kurdamir railway station will be opened for passenger use starting from April 18, 2026. According to the information provided to elchi by “Azerbaijan Railways” CJSC, trains operating on the Baku–Gazakh–Baku, Baku–Balakan–Baku, Baku–Agdam–Baku routes, as well as the Baku–Agstafa–Baku routes scheduled for […]

The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased again in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil increased by 2.54 US dollars, or 2.25%, reaching 115.55 US dollars. It should be noted that the previous price of Azerbaijani oil was 113.01 US dollars. Recall […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on April 17, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0379 manats, the euro to 2.0030 manats, and 100 Russian rubles to 2.2257 manats.

Oil has become cheaper in global energy markets. elchi reports that May futures for WTI crude oil on the New York Mercantile Exchange (NYMEX) fell by 1.26 US dollars (1.33%) to 93.43 dollars/barrel. The price of June futures for Brent crude oil on London’s ICE exchange decreased by 1.21 US dollars (1.22%) to 98.18 dollars/barrel. […]

The revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) may increase to 13.77 billion manats next year. “Elchi” reports that this was stated by the Ministry of Finance. According to the government’s expectations, the Fund’s revenues will amount to 13.17 billion manats in 2028, 13.39 billion manats in 2029, and 13.25 […]

Construction work has been completed on 30 road projects with a total length of 1,454.3 km in the territories liberated from occupation. According to the information provided to elchi by the State Agency of Azerbaijan Automobile Roads (AAYDA), construction work is currently underway on 38 projects with a total length of 2,432.8 km. According to […]

In the first quarter of this year, Azerbaijan exported products worth 5 million 757.48 thousand US dollars to Armenia. “Elchi” reports this with reference to the State Customs Committee. During the reporting period, the value of products imported from Armenia to Azerbaijan amounted to 960 US dollars. It should be noted that the shipment of […]

In January-March of this year, Azerbaijan exported 3,273,515.13 tons of oil worth 1,614,411.76 thousand US dollars to Italy. Thus, Italy has ranked first in Azerbaijan’s total oil exports. elchi According to the report of the State Customs Committee, the Czech Republic ranked second in Azerbaijan’s total oil exports (by value). During the reporting period, 355,470.34 […]