ECONOMY

Iranian Foreign Minister Abbas Araghchi stated that significant progress has been made towards ending the war in Lebanon following the conclusion of the first round of talks between Iran and the US, mediated by Qatar and Pakistan. elchi reports that in a statement on the social media platform X, based in the US, Araghchi commented […]

With the signing of the agreement and the start of new negotiations, the US war with Iran has, at least for now, stopped. President Donald Trump says Americans have won. But what about the costs? elchi reports that in a social media post on Thursday, Trump used the phrase “Welcome!” and listed the benefits of […]

Following the memorandum of understanding signed between the USA and Iran on June 18, all attention turned to the meeting in Switzerland. Tehran announced that an agreement had been reached on the creation of a mechanism for the safe passage of ships in the Strait of Hormuz. Pakistan and Qatar also stated that the talks […]

Azerbaijan Airlines (AZAL), one of the AZCON Holding companies, has strengthened its fleet with another modern Airbus A320neo aircraft. According to information provided to elchi by AZAL, the commissioning of the new aircraft serves to provide passengers with more comfortable and modern travel opportunities. The “Airspace” cabin enhances passenger comfort with a wider interior, special […]

Today, there will be restrictions on the power supply in some areas of Yasamal and Nizami districts. According to the information provided to elchi by “Azerishig”, repair work will be carried out at the Transformer Station (TS) in the territory of the Yasamal District Energy Supply and Sales Department (RETSİ) on June 22. In this […]

The next shipment from Russia to Armenia will be carried out via transit through Azerbaijan. “Elchi” reports that today, 7 wagons loaded with Russian-origin wheat with a total weight of 490 tons will be sent to Armenia via transit through Azerbaijan. It should be noted that so far, more than 29 thousand tons of grain, […]

Oil prices have risen on world stock exchanges. elchi reports that the price of a barrel of Brent crude oil on London’s ICE (“InterContinental Exchange Futures”) exchange increased by $0.72 to $80.57. The price of a barrel of Light crude oil on the New York NYMEX (“New York Mercantile Exchange”) exchange increased by $0.94 to […]

Since Azerbaijan became a member of the Islamic Development Bank in 1992, within the framework of cooperation spanning over 30 years, the Islamic Development Bank Group has provided approximately 1.8 billion US dollars in financing for key sectors of our country’s economy, including agriculture, energy, water resources, transport, and financial services. elchi reports that Minister […]

Global climate change, the limitation of water resources, and the intensification of competition in international markets necessitate more agile and far-sighted steps. This was stated by Ilham Bayramov, Deputy Chairman of the State Water Resources Agency of Azerbaijan (ADSEA), at a regional meeting in Shamkir regarding the discussion of the “State Program for the Development […]

Livestock farming is one of the main directions of the State Program. In particular, increasing milk and beef production in the cattle breeding sector, increasing the share of purebred animals in the herd, reducing dependence on imports, and increasing the level of self-sufficiency have been identified as key targets. This was stated by Deputy Minister […]