ECONOMY

In the first five months of this year, the volume of premiums collected by insurance companies in Azerbaijan amounted to 719.3 million manats. elchi reports, citing the Central Bank of Azerbaijan, that this is 1.8% more compared to the same period last year. During the reporting period, the amount of payments made by insurance companies […]

In terms of its geographical location, Azerbaijan is one of the countries of significant importance for Airbus. elchi reports that this was stated by Airbus representative Malhar Pens during a briefing held as part of the presentation of the first “Airbus A321neo” aircraft for Azerbaijan Airlines (AZAL). He noted that Azerbaijan’s location at the crossroads […]

A tourism company or any intermediary cannot purchase and hold multiple tickets without knowing who they will sell them to in the future. “Elchi” reports, citing Azerbaijan Railways CJSC (ADY), that this was stated by Azer Farajov, Head of the Passenger Transportation Department at ADY, while clarifying claims on social media regarding the bulk purchase […]

The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 0.83% or $0.67, amounting to $79.76. It should be noted that the previous price of Azerbaijani oil was $80.43. As a reminder, the average price […]

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 June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 1.65% to 4,080.8 US dollars. The price of July 2026 silver futures per […]

During the trading operations on the “ICE London” Intercontinental Exchange, the value of the July 2026 contract for the export of “Brent” oil decreased by 0.79% to 76.47 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” brand oil for export in June 2026 on the New York “NYMEX” commodity […]

The European Bank for Reconstruction and Development (EBRD) is allocating 230 million euros for the development of the Trans-Caspian corridor. “Elchi” reports, citing the bank, that the EBRD will provide a loan of up to 230 million euros for a strategic road project in Kazakhstan to support the development of freight and passenger transport along […]

Wheat will be sent from Russia to Armenia via transit through Azerbaijan. “Elchi” reports that today, 10 wagons of wheat are being sent from Russia to Armenia via transit through Azerbaijan.

Another shipment from Russia to Armenia has been carried out via transit through Azerbaijan. “Elchi” reports that 6 wagons containing 408 tons of fertilizer were sent from Bilajari station towards Boyuk Kasik on June 23. It should be noted that so far, more than 33,000 tons of grain, over 7,000 tons of fertilizer, 133 tons […]

The price of “Azeri Light” Azerbaijani oil has decreased in the world market. elchi reports that the price of 1 barrel of oil has decreased by 2.52 USD, or 3.04%, to 80.43 USD. It should be noted that the lowest price for “Azeri Light” oil was recorded on April 21, 2020 (15.81 USD), and the […]