ECONOMY

NEWS

Ukraine is interested in gas supplies from Mozambique

— ECONOMY, NEWS FEED, WORLD
Ukraine is interested in additional supplies of energy resources – particularly from Mozambique. According to “Elchi”, this was stated by Ukrainian President Volodymyr Zelensky at the end of his talks with Mozambican President Daniel Chapo. “We discussed gas supplies to Ukraine with Mozambican President Daniel Chapo and opportunities for action against security challenges. Ukraine is […]
NEWS

Fertilizer and buckwheat to be sent to Armenia by transiting through Azerbaijan

— ECONOMY
Fertilizer and buckwheat will be sent to Armenia by transiting through the territory of the Republic of Azerbaijan. “Elchi” reports that 4 wagons of fertilizer and 1 wagon of buckwheat will be dispatched to Armenia by transiting through the territory of Azerbaijan. It should be noted that grain, fertilizer, and other products are regularly sent […]
NEWS

Ferrous metal imports outstripped exports by 13 times

— ECONOMY
In January-February of this year, ferrous metals worth 6 million 602 thousand US dollars were exported from Azerbaijan to foreign markets. “Elchi” reports, citing the State Customs Committee, that this is 14.9% more compared to the same period last year. During the reporting period, ferrous metals worth 86 million 719 thousand US dollars were imported […]
NEWS

Natural Gas Price Rises on New York Exchange

— ECONOMY
The price of natural gas futures quotes on New York’s “NYMEX” commodity exchange has increased. “Elchi” reports that the price of natural gas futures with delivery in April 2026 increased by 0.19% per 1 million BTU (British thermal unit), reaching 3.10 US dollars.
NEWS

Gold price drops in commodity markets

— ECONOMY
The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 gold futures per troy ounce decreased by 5.51% to 4,355.70 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on March 16, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0385 manats. Meanwhile, Russia’s 100 rubles decreased to 2.1208 manats, and the Euro depreciated to 1.9453 manats.
NEWS

Azerbaijani oil price exceeded 109 dollars

— ECONOMY
Azerbaijani oil of “Azeri Light” brand has risen in price on the world market. “Elchi” reports that the price of 1 barrel of oil increased by 3.52 US dollars or 3.33% to 109.10 US dollars. It should be noted that the lowest price of “Azeri Light” oil was recorded on April 21, 2020 (15.81 US […]
NEWS

Natural gas price decreased

— ECONOMY
Futures quotes for natural gas have fallen on the New York “NYMEX” commodity exchange. “Elchi” reports that in commodity markets, natural gas futures, per 1 million BTU (British thermal unit), lost 3.16% of their value, amounting to 3.1310 US dollars. On the Netherlands’ “Title Transfer Facility” (TTF) platform, the price of gas per megawatt-hour decreased […]
NEWS

Prime Minister: One of the most important outcomes of the Washington Summit was the laying of the foundation for the Zangezur corridor

— ECONOMY
One of the most important outcomes of the Washington Summit was the laying of the foundation for the Zangezur corridor. “Elchi” reports that Prime Minister Ali Asadov stated this during the presentation of the “Report on the Activities of the Cabinet of Ministers of the Republic of Azerbaijan in 2025”. It was noted that the […]