ECONOMY

A report has been submitted to the International Civil Aviation Organization regarding the attack on Nakhchivan airport. This was reported to “Elchi” by the Ministry of Digital Development and Transport (MDDT). It was noted that on March 5, attacks by unmanned aerial vehicles were carried out from the territory of the Islamic Republic of Iran […]

Passenger transportation between Nakhchivan and Iğdır is carried out by special buses. This was reported to “Elchi” by the Azerbaijan Land Transport Agency (AYNA). As is known, flights at Nakhchivan International Airport have been temporarily suspended. To organize the trips of Azerbaijani citizens from the capital to Nakhchivan and in the opposite direction, flights are […]

The price of Azerbaijani oil of “Azeri Light” brand has increased in the world market. “Elchi” reports that the price of 1 barrel of oil increased by 5.61 US dollars or 6.82% to 87.90 US dollars. It should be noted that the lowest price of “Azeri Light” oil was recorded on April 21, 2020 (15.81 […]

In American stock markets, the Dow Jones index decreased by 1.61% to 47,954.74 points, the S&P 500 index by 0.56% to 6,830.71 points, and the Nasdaq index by 0.26% to 22,784.99 points. According to “Elchi”, in European stock markets, the FTSE 100 index decreased by 1.45% to 10,413.94 points, Germany’s DAX index by 1.61% to […]

In the cryptocurrency market, a decrease in the prices of major assets has been mainly recorded over the last 24 hours. elchi reports, citing “CoinMarketCap”, that Bitcoin’s price has decreased by 2.98% in the last 24 hours and is trading at 70,612 US dollars. The market’s second largest cryptocurrency, Ethereum, has fallen by 2.92% to […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi” reports that on March 6, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0386 manats. In turn, Russia’s 100 rubles depreciated to 2.1629 manats, while the Euro appreciated to 1.9741 manats.

During trading on the “ICE London” intercontinental exchange, the value of the May 2026 contract for the export of “Brent” oil decreased by 1.14% to 84.44 US dollars per barrel. According to “Elchi”, on New York’s “NYMEX” commodity exchange, the price of 1 barrel of “WTI” brand oil for export in April 2026 also decreased […]

The price of natural gas futures quotations on New York’s “NYMEX” commodity exchange has decreased. “Elchi” reports that the price of natural gas futures for delivery in April 2026 decreased by 0.73% to 2.974 US dollars per 1 million BTU (British thermal unit).

Approximately half of the increase in economic activity is related to the “formalization” effect of the economy. “Elchi” reports that this was stated by Orkhan Nazarli, Head of the State Tax Service, during his speech at the “Future Outlook in the Tax System: New Management Model and Data-Driven Decisions” Forum. He stated that the volume […]