ECONOMY

“The Baku-Tbilisi-Kars railway line will increase the value of the Middle Corridor as another important transport hub.” “Elchi” reports that this was stated by the Georgian Minister of Economy and Sustainable Development, Mariam Kvrivishvili, in an interview with the “Imedi” TV channel. She noted that both the Georgian and Azerbaijani sides were interested in implementing […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on May 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira depreciated to 0.0372 manats, and the euro depreciated to 1.9746 manats. The Russian 100 rubles appreciated to 2.3867 manats.   Code Rate USD […]

Within the framework of the World Urban Forum (WUF13), a meeting was held between First Deputy Minister of Economy Elnur Aliyev and UN Deputy Secretary-General Amina Mohammed. elchi reports, citing the Ministry of Economy, that the current state and future development prospects of cooperation between Azerbaijan and the UN were discussed during the meeting. The […]

Cooperation between Azerbaijan and the World Bank on public financial management and results-based budgeting mechanisms has been discussed elchi reports, citing the Ministry of Finance, that today the First Deputy Minister of Finance Anar Karimov met with a delegation led by Ms. Fabienne Mroczka, Senior Public Sector Specialist at the World Bank. During the meeting, […]

“The assets of the housing finance fund in Azerbaijan have exceeded 2 billion dollars.” elchi reports that this was stated by Anar Karimov, First Deputy Minister of Finance of Azerbaijan, during the “A New Deal for Housing Finance” session held within the framework of WUF13.   He stated that Azerbaijan’s housing finance model combines state […]

In the American stock markets, the Dow Jones index increased by 1.31% to 50,009.35 points, the S&P 500 index by 1.08% to 7,432.97 points, and the Nasdaq index by 1.54% to 26,270.36 points. According to “Elchi”, in the European stock markets, the FTSE 100 index rose by 0.99% to 10,432.34 points, Germany’s DAX index by […]

Within the framework of the World Urban Forum (WUF13) held in Baku, a dialogue on “A New Deal for Housing Finance” was organized. elchi reports that the event is attended by Anar Karimov, First Deputy Minister of Finance of Azerbaijan, officials from UN-Habitat and the Asian Development Bank (ADB), as well as representatives from India, […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. Citing “Elchi” exchange data, it is reported that the value of gold futures for June 2026 per troy ounce on the New York COMEX commodity exchange decreased by 0.08% to 4,531.9 US dollars. The price of silver futures […]