ECONOMY

The price of gold futures on commodity markets has increased to one troy ounce (31.1 grams). “Elchi” reports, citing exchange data, that the price of April 2026 gold futures on the New York COMEX commodity exchange rose by 0.1% to $5,014.69 per troy ounce. The price of March 2026 silver futures on COMEX also increased […]

The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 2.03 US dollars or 2.95% to 70.95 US dollars. It should be noted that the previous price of Azerbaijani oil was 68.92 US dollars. It should […]

The level of dollarization of individuals’ deposits decreased by 2.8 percentage points during 2025 and amounted to 30.8%. According to “Elchi”, the Central Bank of Azerbaijan (CBA) reports this with reference to the “Monetary Policy Review”. According to the information, the dollarization level of household deposits, excluding deposits of non-resident individuals, decreased by 2.6 percentage […]

Azerbaijan Railways CJSC (ADY) has started selling a single ticket for daily trips on the Baku-Gabala-Baku route, including a transfer from Laki station, starting from February 17. “Elchi” reports with reference to ADY. Thus, when purchasing a ticket on this route from the ADY website or the “ADY Mobile” application, a single ticket with a […]

Last year, the High-Density Polyethylene (HDPE) Plant of “SOCAR Polymer” exported 76 thousand tons of products. “Elchi” reports with reference to “SOCAR Polymer” that 97 thousand tons of products were produced at the plant in 2025. The annual production capacity of the enterprise is 120 thousand tons. 22% of production is sold to local markets, […]

In 2025, 35,390 residential buildings with a total area of 4 million 629.5 thousand square meters were built and put into use in Azerbaijan. According to the calculations made by “Elchi” based on the report of the State Statistics Committee, the number of houses built increased by 75.6% or 15,241 units compared to the corresponding […]

In January of this year, the volume of trade operations between Azerbaijan and China amounted to 417.8 million US dollars. “Elchi” received information about this from the State Customs Committee. According to the information, this is 38.3 million US dollars or 10.1% more compared to the same period in 2025. During the reporting period, the […]

Anglo Asian Mining PLC (AAM), operating in Azerbaijan and engaged in the production of gold, copper, and silver, has announced its gold production forecasts for 2026. “Elchi” reports that AAM expects gold production to be between 28,000 and 33,000 ounces in 2026. This is an increase of approximately 30% compared to the 25,061 ounces recorded […]

Russia and Iran will begin construction of the Rasht-Astara railway project on April 1. “Elchi” reports that this was stated by Russian Energy Minister Sergei Tsivilev. He noted that the parties were able to resolve all controversial issues that delayed the start of the project. According to Tsivilev, Russia and Iran have resolved almost all […]

British company BP, together with its partners, has invested more than 89 billion dollars in projects implemented in Azerbaijan. According to “Elchi”, BP has spent more than 115 million US dollars on social investment projects in the country on behalf of itself and its partners in joint projects operated by it since it started operating […]