ECONOMY

Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), one of the AZCON Holding companies, visited CRRC Zhuzhou Locomotive Co., Ltd. in the People’s Republic of China during his visit to the country and met with the company’s head, Wang Qiaolin. According to information provided to “Elchi” by ADY, the meeting focused on the development of […]

Individuals and legal entities of foreign countries can use fish and other aquatic bioresources in the water basins of the Republic of Azerbaijan. elchi reports that this is reflected in the new draft law “On Fisheries”, which was discussed at today’s meeting of the Agrarian Policy Committee of the Milli Majlis. According to the draft, […]

Azerbaijani oil brand “Azeri Light” (CIF) has decreased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has decreased by 3.38% or $4.24, reaching $76.38. It should be noted that the previous price of Azerbaijani oil was $79.76. Recall that in this year’s state budget of Azerbaijan, the […]

The price of gold and silver has decreased on the New York Stock Exchange. “Elchi” reports that the value of gold futures on the COMEX commodity exchange decreased by 0.04% to 4.007 US dollars. Meanwhile, silver futures per ounce on COMEX fell by 1.21% to 57.38 US dollars.

The Central Bank of Azerbaijan has announced the currency exchange rates for today. “Elchi”-ın reports that on June 25, the exchange rate of the US dollar remained unchanged at 1.7000 manats. In turn, the Turkish lira depreciated to 0.0365 manats, the Russian 100 rubles depreciated to 2.2735 manats, while the euro appreciated to 1.9324 manats. […]

“Azerbaijan Railways” CJSC, one of the AZCON Holding companies, is participating with a special stand in the international exhibition for “Logistics, Mobility, IT and Supply Chain Management” (“Transport Logistic China 2026”), held in Shanghai, People’s Republic of China, from June 24 to 26, 2026. “Elchi” reports that ADY representatives are presenting Azerbaijan’s international transport and […]

In the first five months of this year, the volume of premiums collected by insurance companies in Azerbaijan amounted to 719.3 million manats. elchi reports, citing the Central Bank of Azerbaijan, that this is 1.8% more compared to the same period last year. During the reporting period, the amount of payments made by insurance companies […]

In terms of its geographical location, Azerbaijan is one of the countries of significant importance for Airbus. elchi reports that this was stated by Airbus representative Malhar Pens during a briefing held as part of the presentation of the first “Airbus A321neo” aircraft for Azerbaijan Airlines (AZAL). He noted that Azerbaijan’s location at the crossroads […]

A tourism company or any intermediary cannot purchase and hold multiple tickets without knowing who they will sell them to in the future. “Elchi” reports, citing Azerbaijan Railways CJSC (ADY), that this was stated by Azer Farajov, Head of the Passenger Transportation Department at ADY, while clarifying claims on social media regarding the bulk purchase […]

The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 0.83% or $0.67, amounting to $79.76. It should be noted that the previous price of Azerbaijani oil was $80.43. As a reminder, the average price […]