ECONOMY

In the first half of last year, procurements carried out in Azerbaijan using the single-source procurement method amounted to 57.8% of total procurements in terms of value. “Elchi” reports this with reference to the Chamber of Accounts. According to the information, in the structure of procurements carried out using the single-source procurement method, the procurement […]

In 2023-2025, the registration of 23 internet providers in Azerbaijan was canceled for various reasons. The Information and Communication Technologies Agency (ICTA) told “Elchi” about this. According to the information, the main reasons for removing these companies from registration include non-compliance with the requirements of the legislation, suspension of activities, reorganization of the legal entity, […]

Another type of subsoil use is determined. According to “Elchi”, this is reflected in the amendment to the Law “On Subsoil” proposed for discussion at today’s meeting of the Milli Majlis Committee on Natural Resources, Energy and Ecology. The use of sediments (sand, gravel, clay) collected in reservoirs or water bodies, as well as rocks […]

The price of Azerbaijani oil of the Azeri Light (CIF) grade has slightly increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 0.79 US dollars or 1.14% to 70.36 US dollars. It should be noted that the previous price of Azerbaijani oil was 69.57 US dollars. It […]

The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that the price of April 2026 gold futures on the New York COMEX commodity exchange decreased by 0.94% to $4,967.35 per troy ounce. The price of March 2026 silver futures on COMEX also decreased by […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to “Elchi”, on February 17, the exchange rate of the US dollar remained unchanged at 1.7000 manat, and the Turkish lira was 0.0389 manat. The Euro depreciated to 2.0130 manat, while 100 Russian rubles rose to 2.2112 manat. 1 US dollar USD 1,7 1 […]

During trading operations on the ICE London Intercontinental Exchange, the value of the April 2026 contract for Brent oil exports decreased by 0.47% to $68.33 per barrel. According to “Elchi”, the price of 1 barrel of WTI oil for export in April 2026 on the New York Mercantile Exchange (NYMEX) also decreased by 0.35% to […]

The opening ceremony of “IT SkillSprint”, an international-level intensive education program on digital skills in the country’s higher education institutions, has been held. This was reported to “Elchi” by the Innovation and Digital Development Agency (IRIA). The project is implemented in partnership with the Ministry of Digital Development and Transport, the Ministry of Science and […]

In 2025, 350 million 899 thousand cubic meters (in gaseous form) of natural gas worth 120.1 million US dollars were exported from Azerbaijan to the Syrian Arab Republic. This is reported by “Elchi” with reference to the State Statistics Committee. It should be noted that the export of Azerbaijani gas to Syria via Turkey started […]

Last month, a total of 7,591 cars worth 176 million 541 thousand US dollars were imported to Azerbaijan. This was reported to “Elchi” by the State Customs Committee. According to the information, this is 27% more and 0.94% less, respectively, compared to the same period of 2024. During the month, 712 hybrid cars worth 15 […]