ECONOMY

From February 14, 00:00 to 07:00, traffic will be restricted from the overpass at the intersection of Heydar Aliyev Avenue and Zigh highway to the overpass near “Buta Palace”, and on February 15, in the opposite direction, from the overpass near “Buta Palace” to the airport. “Elchi” reports this with reference to the Azerbaijan Land […]

Zaur Mikayilov, Chairman of the Azerbaijan State Water Resources Agency, received citizens from Gabala, Oguz and other regions in the administrative building of the Gabala Water Reclamation Systems Operation Department on February 13, listened to their appeals, and reviewed their applications and complaints. This was reported to “Elchi” from the agency. It was reported that […]

Despite US President Donald Trump’s declaration of neutrality in the battle between media giants, behind-the-scenes details reveal a different reality. Paramount CEO David Ellison returned to the White House last week for a closed-door meeting with President Donald Trump. This meeting took place against the background of Paramount’s aggressive struggle to acquire CNN and Warner […]

The import of works of art, collection items and antiques into the country is exempt from value added tax (VAT). According to “Elchi”, this is reflected in the amendment to the Tax Code, which was discussed at today’s meeting of the Milli Majlis. According to the project, the import of works of art, collection items […]

Nakhchivan ranks first in our country in terms of the amount of sunlight per square meter of area. Nakhchivan also ranks first in both the installed capacity and production of green energy. “Elchi” reports that Cahid Mikayilov, head of the Energy Efficiency Department of the Ministry of Energy, said this at an event held in […]

The European Union (EU) supports Azerbaijani municipalities that have joined the Covenant of Mayors Initiative through training and methodological support, special technical assistance, best practices, as well as experience exchange, networking and awareness raising. “Elchi” reports that this was stated by the European Union (EU) Ambassador Mariyana Kuyundzhich at an event held in Nakhchivan regarding […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to “Elchi”, on February 13, the US dollar exchange rate remained unchanged at 1.7000 manats. The Turkish lira depreciated to 0.0389 manats, the Euro to 2.0167 manats, and 100 Russian rubles appreciated to 2.2015 manats.  

The downward trend continues in the cryptocurrency market. “Elchi” reports that Bitcoin (BTC), the market leader, has fallen by 1.30% in the last 24 hours, reaching $66,330. The value of Ethereum (ETH) has also decreased by 1.11% to $1,947. No significant changes were observed in stablecoins, with Tether (USDT) remaining at $0.9991 and USDC at […]