ECONOMY

The price of Azerbaijani oil “Azeri Light” (CIF) has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 1.75 USD or 1.5%, reaching 118.16 USD. It should be noted that the previous price of Azerbaijani oil was 116.41 USD. Let us recall that in Azerbaijan’s state […]

In January-April, Great Britain’s share in Azerbaijan’s trade turnover rose to 20.45%. elchi reports, citing the State Customs Committee, that the volume of foreign trade with Great Britain amounted to 3,559,663.31 thousand dollars. Of this, 3,470,020.67 thousand dollars accounted for exports (29.21%). Thus, Great Britain ranked second after Italy in both Azerbaijan’s total trade turnover […]

In January-April of this year, products worth 9 million 646 thousand US dollars were exported from Azerbaijan to Armenia. elchi reports this with reference to the State Customs Committee. According to the information, this figure accounted for 0.08% of Azerbaijan’s total exports. It should be noted that in January-April of this year, Azerbaijan’s trade turnover […]

In January-April of this year, Azerbaijan’s foreign trade turnover amounted to 17 billion 403 million 345.14 thousand US dollars. “Elchi” reports this with reference to the State Customs Committee. During this period, the volume of exports amounted to 11 billion 878.58 million dollars, and the volume of imports was 5 billion 524.77 million dollars. In […]

The value of futures for one troy ounce (31.1 grams) of gold has decreased in commodity markets. “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 0.51% to 4,538.5 US dollars. The price of July 2026 silver futures per […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on May 18, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0373 manats. The Euro depreciated to 1.9757 manats, while 100 Russian rubles appreciated to 2.3291 manats. Currency Code Rate 1 US Dollar USD […]

More than 49 million 440 thousand 118 manats will be spent on the construction of a new recreational park in an area of 12 hectares from 28 May Street to “The Ritz-Carlton Baku” hotel in the Nasimi district of Baku. elchi reports that the client for the construction works is the “Baku City Capital Construction […]

Azerbaijan Airlines (AZAL) has resumed flights in the Baku–Dubai direction. elchi reports that AZAL has shared information about this. It was stated that the flights are being carried out again starting from today and will be operated every day of the week. With this, passengers will be able to travel to the city of Dubai […]

The Asian Development Bank (ADB) has allocated a total grant of 259.4 thousand US dollars for a regional technical assistance project titled “Trade Support and Inclusive Green Growth 2026–2028,” in which Azerbaijan also participates. “Elchi” reports that this was stated by the ADB.   According to the information, 112.5 thousand US dollars of the project’s […]