ECONOMY

NEWS

Gold and silver prices have fallen in commodity markets

— ECONOMY
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 […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi‘s information states that on May 21, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0373 manats. The Euro increased to 1.9759 manats. 100 Russian rubles decreased to 2.3815 manats. Currency Code Rate 1 US […]
NEWS

World Bank’s financing of the Bilasuvar–Astara road rehabilitation discussed

— ECONOMY, NEWS FEED
Potential financing opportunities for the rehabilitation of the Bilasuvar–Astara section of the M3 highway between Azerbaijan and the World Bank have been reviewed, and the strategic role of regional transport corridors in strengthening economic integration has been emphasized. elchi reports this with reference to the Ministry of Finance. According to the information, today Minister Sahil […]
NEWS

Prospects for the development of economic cooperation between Azerbaijan and Oman discussed

— ECONOMY
The current state of economic relations between Azerbaijan and Oman and the prospects for the development of cooperation have been discussed. “Elchi” reports with reference to the Ministry of Economy that Minister of Economy Mikayil Jabbarov held a meeting with Khalfan Al-Shuaili, Minister of Housing and Urban Planning of the Sultanate of Oman, within the […]
NEWS

These materials have become MORE EXPENSIVE in the construction market

— ECONOMY
According to the data released by the Azerbaijan Appraisers Society (AAS) for April, the increase in costs in the construction sector has accelerated. elchi reports that in April 2026, construction costs rose by approximately 6.8% compared to December 2025, with the index reaching 106.8 points. The price increases were recorded primarily in metal products, concrete, […]
NEWS

Committee Chairman: Expanding access to housing cannot be considered separately from quality urban planning issues

— ECONOMY
Central and West Asia are increasingly becoming important driving forces for economic development, innovation, connectivity, and regional cooperation. “Elchi” reports that this was stated by Anar Guliyev, Chairman of the State Committee on Urban Planning and Architecture of the Republic of Azerbaijan and National Coordinator for WUF13, at the session titled “Special Forum on Cities: […]
NEWS

Professor: Transformation of informal settlements requires deep public participation

— ECONOMY
The transformation of informal settlements does not imply the destruction of the existing situation, but rather a gradual improvement with the active participation of the residents of those areas. elchi reports that this was stated by Professor Marie Huchzermeyer of the University of the Witwatersrand, South Africa, during her speech at the dialogue session titled […]
NEWS

Mikayil Jabbarov: The Great Return significantly reduces pressure on housing provision

— ECONOMY
The return of the population to the liberated territories of Azerbaijan makes a significant contribution to reducing the burden on housing provision in the country. elchi reports that this was stated by the Minister of Economy of Azerbaijan, Mikayil Jabbarov, during his speech at the dialogue session titled “Transforming Informal Settlements and Slums: Housing Provision […]
NEWS

Gold and silver prices have fallen in commodity markets

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 1.04% to 4,464.2 US dollars. The price of July 2026 silver futures per […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-according to the information, on May 20, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0373 manats. The Euro depreciated to 1.9717 manats. 100 Russian rubles appreciated to 2.3884 manats. Currency Code Rate 1 US Dollar USD […]