ECONOMY

The opening ceremony of “IT SkillSprint”, an international-level intensive education program on digital skills in the country’s higher education institutions, has been held. This was reported to “Elchi” by the Innovation and Digital Development Agency (IRIA). The project is implemented in partnership with the Ministry of Digital Development and Transport, the Ministry of Science and […]

In 2025, 350 million 899 thousand cubic meters (in gaseous form) of natural gas worth 120.1 million US dollars were exported from Azerbaijan to the Syrian Arab Republic. This is reported by “Elchi” with reference to the State Statistics Committee. It should be noted that the export of Azerbaijani gas to Syria via Turkey started […]

Last month, a total of 7,591 cars worth 176 million 541 thousand US dollars were imported to Azerbaijan. This was reported to “Elchi” by the State Customs Committee. According to the information, this is 27% more and 0.94% less, respectively, compared to the same period of 2024. During the month, 712 hybrid cars worth 15 […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to “Elchi”, on February 16, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0389 manats. The Euro decreased to 2.0166 manats, while 100 Russian rubles increased to 2.2092 manats. 1 US dollar USD 1,7 1 Euro EUR […]

During trading operations on the ICE London Intercontinental Exchange, the value of April 2026 contract for Brent oil exports increased by 0.03% to $67.77 per barrel. According to “Elchi”, the price of 1 barrel of WTI oil for export in April 2026 on the New York Mercantile Exchange (NYMEX) also increased by 0.03% to $62.77.

“S&P Global Ratings” international rating agency has announced a decrease in industry risk for the banking sector in Azerbaijan due to the strengthening of regulatory and supervisory mechanisms. “Elchi” reports this with reference to the Agency. The Agency has reduced the industry risk indicator in Azerbaijan’s Banking Industry Country Risk Assessment (BICRA) from 8 to […]

Gold price exceeds $5,000 in world commodity markets. “Elchi” reports that on the Comex exchange (GC1), the price of gold futures increased by 1.98% to $5,046.3/ounce, with a price increase of $97.9. In the spot market (XAU/USD), the price of gold rose by 2.43% to $5,042.04/ounce. Silver on Comex rose by 3.02% to $77.96/ounce. Copper […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has slightly decreased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 0.46 US dollars or 0.66% to 69.57 US dollars. It should be noted that the previous price of Azerbaijani oil was 70.03 US dollars. It should […]

Oil prices have risen in global commodity markets. “Elchi” reports that the price of WTI crude oil on the Nymex exchange for the March contract of this year increased by 0.08% or $0.05 to $62.89/barrel. On the ICE exchange, the price of Brent crude oil for the April contract of this year increased by 0.34% […]