ECONOMY

The connection of Azerbaijan with Nakhchivan and the recognition of this project as the Zangezur corridor, and internationally as TRIP (Transport Route for International Peace and Prosperity), is important not only for Azerbaijan’s exports but also for increasing the efficiency of the Middle Corridor and strengthening connectivity between Central Asian countries, China, Turkey, and Europe. […]

A new financing mechanism is being created in Azerbaijan. “Elchi” reports that in this regard, a new draft law “On Crowdfunding” was submitted for discussion at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. This Law, in accordance with clauses 10-13 and 15 of Part I of Article 94 of […]

Tax concessions will be provided for digital nomads. According to the news from “Elchi”, this is reflected in the proposed amendments to the Law “On Currency Regulation” and the Tax Code, which were discussed at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship. A digital nomad is a foreigner or […]

The price of Azeri Light (CIF) brand Azerbaijani oil has decreased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has decreased by 3.94 US dollars, reaching 82.61 US dollars. It should be noted that the previous price of Azerbaijani oil was 86.55 US dollars. We remind you that in […]

The price of gold on the New York Stock Exchange has decreased. elchi reports that the value of gold futures on the COMEX commodity exchange decreased by 0.24% to 4.344 US dollars. Meanwhile, silver futures per ounce on COMEX increased by 0.16%, reaching 70.12 US dollars.

Futures for Brent crude oil on the London ICE exchange were $78.74. “Elchi” reports that the price of Brent crude oil has decreased by 0.28%. The price of WTI crude oil futures decreased by 0.44% to $75.71 per barrel.  

“The expansion of modern irrigation, increasing the efficiency of water use, and raising productivity have been identified as key targets in the State Program.” elchi reports that Deputy Minister of Agriculture Seymur Safarli stated this at a regional meeting in Guba regarding the discussion of the “State Program for the Development of Production and Processing […]

Over the last 5 years, approximately 2 billion US dollars have been allocated for the education of youth in the country. “Elchi” reports that this was stated by the First Deputy Minister of Finance, Anar Karimov, during a session titled “Youth Without Borders: The Driving Force of Shared Regional Prosperity” held within the framework of […]