ECONOMY

“Qatar Energy” announced that it has stopped the production of liquefied natural gas (LNG) and related products due to Iranian air attacks. “Elchi” reports that Qatari media has released information on this matter. It is reported that “Qatar Energy” has stopped the production of liquefied natural gas and related products due to a military attack […]

As of February 1 this year, the total volume of credit investments by banks and non-bank organizations to households in Azerbaijan amounted to 19 billion 115.1 million manats. Referring to the Central Bank, “Elchi” reports that this indicator is 11.5 percent or 1 billion 967.4 million manats higher compared to February 1, 2025, and 0.3% […]

Innovation leader Bakcell has implemented a biometric verification solution based on “SİMA” technology to ensure faster and more secure processes in its customer services. According to the new development, customer identification during operations such as number and device sales, transfer of a number from one name to another, and duplicate number service, carried out at […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on March 2, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish Lira was 0.0387 manats. In turn, 100 Russian rubles depreciated to 2.2071 manats, and the Euro to 2.0035 manats. 1 US dollar USD 1,7 1 […]

The price of gold futures per troy ounce (31.1 grams) in commodity markets 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 2.34% to 5,370.65 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

Scheduled flights to Nakhchivan are operated as normal. This was reported to “Elchi” by AZAL. It was noted that AZAL continues to closely monitor the current situation and takes all necessary measures to ensure flight safety. “Passengers will be promptly informed about possible changes,” it was stated.

Due to restrictions imposed on airspace in connection with recent events in the Middle East, Azerbaijan Airlines (AZAL) has suspended flights to Dubai, Doha, Jeddah, and Tel Aviv. This was reported to “Elchi” by AZAL. Passengers can refund or change their tickets for the aforementioned destinations without any penalty. It should be noted that flights […]

A new Baku-Lachin regular bus route is being organized by the Azerbaijan Land Transport Agency (AYNA) to provide quality transport services to citizens settling in the liberated territories within the framework of the “Great Return” program. “Elchi” was informed about this by AYNA. Buses on the Baku-Lachin route, which will start operating on February 25, […]

In January of this year, Azerbaijan imported 9.23 million US dollars worth of local products from Georgia. This was reported in the report of the National Statistics Office of Georgia. In annual comparison, Azerbaijan reduced the supply of products manufactured in the neighboring country by 8.3%. Last month, Azerbaijan ranked X in the top ten […]

SOCAR and Canada’s Gran Tierra Energy Inc. have signed an Exploration, Development and Production Sharing Agreement for a promising onshore area in the Guba-Caspian region of the Republic of Azerbaijan. According to “Elchi”, the document was signed by SOCAR President Rovshan Najaf and Gran Tierra Energy Inc. President and Chief Executive Officer Gary Guidry. Under […]