ECONOMY

In January-August of this year, Azercosmos provided telecommunication services worth a total of 17.4 million USD to nearly 95 companies from 36 countries around the world. “Elchi” reports this with reference to the Center for Analysis of Economic Reforms and Communication. Export operations accounted for 61 percent of the total revenue generated during this period. […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on September 29, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0347 manats. In turn, 100 Russian rubles depreciated to 2.0118 manats, and the euro to 1.9312 manats. Currency Code Rate 1 US Dollar […]

The price of Azerbaijani oil has decreased in the world market. elchi reports that, according to the results of the previous day, the price of a barrel of “Azeri Light” brand Azerbaijani oil decreased by 0.97 US dollars or 0.79%, amounting to 122.49 US dollars. Previously, Azerbaijani oil was traded at 123.46 US dollars. It […]

During the trading operations on the “ICE London” intercontinental exchange, the value of the November 2026 contract for the export of “Brent” crude oil increased by 1.96, reaching 107.34 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in November 2026 on the New York “NYMEX” […]

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 December 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.21% to 4,159.8 US dollars. The price of December 2026 silver futures per […]

The World Bank has announced the investment needs required in Azerbaijan to unlock the full potential of the Trans-Caspian International Transport Route (TITR), or the Middle Corridor. elchi reports that, according to the World Bank’s report, the priority investment need for the Middle Corridor in Azerbaijan is estimated at 1.16 billion USD by 2040. According […]

Realizing the full potential of the Trans-Caspian International Transport Route (TITR), or the Middle Corridor, could make an additional contribution to Azerbaijan’s economic growth. “Elchi” reports that according to the World Bank’s report titled “Integration: High-Level Trade Logistics along the Trans-Caspian Transport Route,” fully utilizing the opportunities of the Middle Corridor could provide an additional […]

Within the framework of the Second Azerbaijan International Investment Forum, organized under the patronage of the President of the Republic of Azerbaijan Ilham Aliyev, a number of documents were signed by SOCAR with various companies. “Elchi” reports that according to the “Production Sharing Agreement for the exploration, development and production of unconventional hydrocarbon resources in […]

The draft state budget and consolidated budget of the Republic of Azerbaijan for 2027, the consolidated budget indicators for the next three years, as well as the concept and forecast indicators of economic and social development of the Republic of Azerbaijan for 2027 and the next three years, will be submitted to the President of […]