ECONOMY

NEWS

About 1.3 million tons of wheat were imported to Azerbaijan last year

— ECONOMY
In January-December 2025, Azerbaijan imported 1 million 267.3 thousand tons of wheat worth 275 million 626 thousand US dollars. Elchi.az reports with reference to the State Customs Committee that this indicator is 1.9% or 24.7 thousand tons less in terms of volume and 1.5% or 4.1 million US dollars less in terms of value compared […]
NEWS

The period of suspension of inspections in the field of entrepreneurship is extended for another 1 year

— ECONOMY
The period of suspension of inspections in the field of entrepreneurship in Azerbaijan is being extended. Elchi.az reports that this is reflected in the amendment proposed to the Law “On Suspension of Inspections in the Field of Entrepreneurship”, which was discussed in the first reading at today’s meeting of the Committee on Economic Policy, Industry […]
NEWS

S&P: Azerbaijani banks will maintain their stability in 2026

— ECONOMY
Banks operating in Azerbaijan, Georgia, Armenia, Kazakhstan, Kyrgyzstan, and Uzbekistan are expected to maintain their stability in 2026, as they have in the previous two years. Elchi.az reports that this was stated by the S&P Global Ratings rating agency. It was noted that the average lending growth in the region remaining in the range of […]
NEWS

Natural gas in Europe cheaper by more than 30% last month

— ECONOMY
In December of last year, the average spot market price of natural gas in Europe according to the TTF index (Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) was $9.48 per 1 million BTU (British thermal unit). Elchi.az reports this with reference to the report of the Gas Exporting Countries Forum (GECF). Thus, […]
NEWS

Silver price in commodity markets approaches $99

— ECONOMY
The price of silver futures per troy ounce (31.1 grams) in commodity markets has once again updated its historical maximum. Elchi.az reports with reference to stock exchange data that the price of March 2026 futures for one troy ounce of silver on the New York COMEX commodity exchange increased by 2.42% to $98.7. The price […]
NEWS

Oil prices rise in world markets

— ECONOMY
During trading operations on the “ICE London” intercontinental exchange, the value of the March 2026 contract for the export of “Brent” oil increased by 0.87% to 64.62 US dollars per barrel. According to Elchi.az, the price of 1 barrel of “WTI” oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also […]
NEWS

Armenia’s Minister of Economy announces decrease in gasoline prices in the country

— ECONOMY, WORLD
Armenia’s Minister of Economy, Gevorg Papoyan, has announced a decrease in gasoline prices in the country. Elchi.az reports that Papoyan posted this information on his Facebook page. According to him, the decrease in gasoline prices is approximately 15%. “Gasoline price: at the beginning of December – 510 drams/l (approximately 2 manats 30 kopecks – ed.), […]
NEWS

Mikayıl Cabbarov İsveçrədə “Coca-Cola” şirkətinin rəsmisi ilə görüşüb

— ECONOMY, SOCIETY
Azerbaijan’s Minister of Economy Mikayıl Cabbarov met with Michael Goltzman, Vice President for Global Policy and Sustainability of Coca-Cola, within the framework of the World Economic Forum 2026 (WEF 2026) held in Switzerland. Elchi.az reports that Minister M.Cabbarov wrote about this on his social network account. “We discussed the company’s projects implemented in Azerbaijan, investment […]
NEWS

Baku’s gas revenues increased sharply: approaching oil

— ECONOMY
According to the customs report, in 2025, the average price of 1000 cubic meters of gas exported by Azerbaijan was $350.23. The export price of gas in the state budget was projected at $242. Elchi.az reports that this was stated by expert Ilham Shaban. “In 2025, Azerbaijan’s revenue from crude oil exports amounted to $12.1 […]
NEWS

Land acquisition for airport construction will be considered a state need

— ECONOMY
The expansion of state-owned airports and/or airfields, or the construction of new airports and/or airfields, is included in the list of state needs that justify land acquisition. According to Elchi.az, this is reflected in the amendment proposed to the Law “On the Acquisition of Land for State Needs,” which was discussed at today’s meeting of […]