ECONOMY

“Azerbaijan Railways” CJSC (ADY) has scheduled additional train services on the Baku-Gazakh-Baku route to meet passenger demand during the upcoming holiday season. According to information provided by ADY to “Elchi”, trips will be organized in both directions on March 20, 22, 29, and 30. “Tickets can be purchased from railway ticket offices, our website, or […]

In commodity markets, the price of gold futures per troy ounce (31.1 grams) has increased. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of April 2026 gold futures per troy ounce increased by 0.5% to 5,336.94 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

The price of Azerbaijani oil brand “Azeri Light” (CIF) has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 6.85 US dollars or 9.4%, reaching 79.6 US dollars. It should be noted that the previous price of Azerbaijani oil was 72.75 US dollars. It is worth recalling […]

The price of natural gas futures quotes on the New York Mercantile Exchange (NYMEX) has increased. “Elchi” reports that the price of natural gas futures for delivery in April 2026 increased by 2.33% to 3.03 US dollars per 1 million BTU (British thermal unit).

A meeting was held with the Vice President of bp company During the meeting with bp’s Executive Vice President for Production and Operations, cooperation issues on the agenda were discussed. Minister of Economy Mikayil Jabbarov met with Gordon Birrell, bp’s Executive Vice President for Production and Operations. “Elchi” reports that during the meeting, long-term effective cooperation […]

Last month, “Facebook” was the most used social network in Azerbaijan. “Elchi” reports this, citing “StatCounter”. During this period, “Facebook”‘s share in Azerbaijan’s social network market was 80.38%. This is 4.92 percentage points more compared to January, and 13.24 percentage points more compared to the previous year. According to the number of users, the “X” […]

“Qatar Energy” announced that it has stopped the production of liquefied natural gas (LNG) and related products due to Iranian air attacks. “Elchi” reports that Qatari media has released information on this matter. It is reported that “Qatar Energy” has stopped the production of liquefied natural gas and related products due to a military attack […]

As of February 1 this year, the total volume of credit investments by banks and non-bank organizations to households in Azerbaijan amounted to 19 billion 115.1 million manats. Referring to the Central Bank, “Elchi” reports that this indicator is 11.5 percent or 1 billion 967.4 million manats higher compared to February 1, 2025, and 0.3% […]

Innovation leader Bakcell has implemented a biometric verification solution based on “SİMA” technology to ensure faster and more secure processes in its customer services. According to the new development, customer identification during operations such as number and device sales, transfer of a number from one name to another, and duplicate number service, carried out at […]