ECONOMY

NEWS

Daily trips by rail on the Baku-Gabala-Baku route are now possible

— ECONOMY
Azerbaijan Railways CJSC (ADY) has started selling a single ticket for daily trips on the Baku-Gabala-Baku route, including a transfer from Laki station, starting from February 17. “Elchi” reports with reference to ADY. Thus, when purchasing a ticket on this route from the ADY website or the “ADY Mobile” application, a single ticket with a […]
NEWS

“SOCAR Polymer” exported 76 thousand tons of products last year

— ECONOMY
Last year, the High-Density Polyethylene (HDPE) Plant of “SOCAR Polymer” exported 76 thousand tons of products. “Elchi” reports with reference to “SOCAR Polymer” that 97 thousand tons of products were produced at the plant in 2025. The annual production capacity of the enterprise is 120 thousand tons. 22% of production is sold to local markets, […]
NEWS

More than 35,000 houses were built in Azerbaijan last year

— ECONOMY
In 2025, 35,390 residential buildings with a total area of 4 million 629.5 thousand square meters were built and put into use in Azerbaijan. According to the calculations made by “Elchi” based on the report of the State Statistics Committee, the number of houses built increased by 75.6% or 15,241 units compared to the corresponding […]
NEWS

British company may increase gold production in Azerbaijan by 30% this year

— ECONOMY
Anglo Asian Mining PLC (AAM), operating in Azerbaijan and engaged in the production of gold, copper, and silver, has announced its gold production forecasts for 2026. “Elchi” reports that AAM expects gold production to be between 28,000 and 33,000 ounces in 2026. This is an increase of approximately 30% compared to the 25,061 ounces recorded […]
NEWS

Construction of Rasht-Astara Railway to Begin in April

— ECONOMY
Russia and Iran will begin construction of the Rasht-Astara railway project on April 1. “Elchi” reports that this was stated by Russian Energy Minister Sergei Tsivilev. He noted that the parties were able to resolve all controversial issues that delayed the start of the project. According to Tsivilev, Russia and Iran have resolved almost all […]
NEWS

BP Announces Volume of Investments in Energy Projects in Azerbaijan

— ECONOMY
British company BP, together with its partners, has invested more than 89 billion dollars in projects implemented in Azerbaijan. According to “Elchi”, BP has spent more than 115 million US dollars on social investment projects in the country on behalf of itself and its partners in joint projects operated by it since it started operating […]
NEWS

Gold and silver prices rise in commodity markets

— ECONOMY
The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. “Elchi” reports with reference to the exchange data that the price of April 2026 futures for one troy ounce of gold on the COMEX commodity exchange in New York increased by 0.90% to 4950 US dollars. The price of March […]
NEWS

Today’s exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s exchange rates. According to “Elchi”, on February 18, the exchange rate of the US dollar remained unchanged at 1.7000 manat, and the Turkish lira was 0.0389 manat. The Euro rose to 2.0132 manat, and 100 Russian rubles to 2.2246 manat. Ad – 00:13   1 US dollar USD […]
NEWS

Azerbaijan and Germany discuss cooperation in the field of climate security

— ECONOMY, NEWS FEED, SOCIETY
Mukhtar Babayev, the Representative of the President of Azerbaijan on Climate Issues, COP29 President, and Steffi Lemke, the Federal Minister for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection of Germany, discussed cooperation in the field of climate security in Munich. “Elchi” reports that Nasimi Aghayev, the Ambassador of Azerbaijan to Germany, announced this […]