ECONOMY

The first bilateral meeting in history in the field of international road transport was held in Baku between the Azerbaijan Land Transport Agency (AYNA) and the Department of Coordination of Road Transport Policy of the Ministry of Road and Transport Development of Mongolia. “Elchi” reports that representatives of the State Customs Committee, the Association of […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of August 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.1% to 4,347.3 US dollars. The price of July 2026 silver futures per […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the exchange rate of the US dollar remained unchanged at 1.7000 manats on June 16. The Turkish lira depreciated to 0.0367 manats, and 100 Russian rubles depreciated to 2.3446 manats. The Euro appreciated to 1.9685 manats. Code Rate USD 1.7 EUR […]

The Forum of Heads of Competition Authorities of the Organization of Turkic States (OTS) countries was held in Shusha, organized by the State Service for Antimonopoly and Consumer Market Control under the President of the Republic of Azerbaijan. “Elchi” reports citing APA’s Karabakh bureau that the event was attended by heads and high-ranking representatives of […]

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 6.35 US dollars, or 6.6%, to 90.5 US dollars. It should be noted that the previous price of Azerbaijani oil was 96.85 US dollars. We remind you […]

At today’s meeting of the extraordinary session of the Milli Majlis, the draft law “On the execution of the 2025 state budget” was adopted in the first reading. “Elchi” reports that last year, budget revenues amounted to 39 billion 184.6 million manats, which is 5.4% more than the previous year and 2.2% more than the […]

“Despite the large-scale measures implemented regarding the development of the agrarian sector, the President noted the stagnation observed in the country’s agrarian sector over the last few years during the meeting and openly stated that the current dynamics in the production of agricultural products do not satisfy him. Based on the instructions given by the […]

The World Bank has improved its economic growth forecasts for Azerbaijan for 2026 and 2027. elchi reports that this was stated in the Bank’s report on the global economy. According to the World Bank’s updated forecast, Azerbaijan’s real GDP will grow by 2 percent in 2026, and by 1.8 percent in 2027 and 2028. In […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 0.49 USD or 0.51%, reaching 96.85 USD. It should be noted that the previous price of Azerbaijani oil was 96.36 USD. Let us recall that in Azerbaijan’s […]