ECONOMY

The International Islamic Trade Finance Corporation (ITFC) has provided $103 million in financing in Azerbaijan to date. elchi reports that this was stated by Hojamurod Hojaev, General Manager of the Relationship Management and Trade Finance Department of the International Islamic Trade Finance Corporation (ITFC), during the presentation of the Islamic Development Bank Group on the […]

The design phase of the “Azersky-2A” and “Azersky-2B” satellites has been completed. elchi reports that this was stated by the Azerbaijan National Aerospace Agency (AZERCOSMOS) in response to an inquiry from “APA-Economics”. According to the information, the production process of the “Azersky-2A” satellite is currently underway: “The processes are taking place with the participation of […]

Another shipment from Russia to Armenia has been carried out via transit through Azerbaijan. “Elchi” reports that grain consisting of 10 wagons weighing 700 tons and aluminum consisting of 2 wagons weighing 133 tons (shipped for the first time) were sent from Bilajari station in the direction of Boyuk Kasik. It should be noted that […]

In order to ensure the comfortable and safe movement of citizens, repair work will be carried out on the section of Rashid Behbudov Street in Baku, from Sahib Zeynalov Street to Abbasgulu Agha Bakikhanov Street. “Elchi” reports that the State Agency of Azerbaijan Automobile Roads (AAYDA) has released information regarding this. According to the information, […]

The value of futures for one troy ounce (31.1 grams) of gold has increased in commodity markets. elchi reports, citing stock exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.25% to 4,706.1 US dollars.   The price of July 2026 silver […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on May 7, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0376 manats. The Euro appreciated to 1.9977 manats, and 100 Russian rubles appreciated to 2.2717 manats. Currency Code Rate 1 US […]

During the trading operations on the “ICE London” Intercontinental Exchange, the value of the July 2026 contract for the export of “Brent” oil increased by 0.58% to 101.86 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” crude oil for export in June 2026 on the New York “NYMEX” commodity […]

New allowances and privileges have been established for diplomats called up for military service. According to elchi, this is reflected in the new articles 13.14-1 and 13.14-2 proposed to the Law “On Diplomatic Service,” which were discussed at today’s meeting of the Milli Majlis Committee on International Relations and Interparliamentary Ties. According to the draft, […]

Currently, the speed limit set on the Baku-Quba-Russian Federation state border toll road is being intensively monitored via installed radar devices. This was reported to elchi by the Main State Traffic Police Department (MSTPD) of the Ministry of Internal Affairs. MSTPD once again called on all road users to comply with safety regulations.

Tomorrow, the next shipment will be carried out to Armenia in transit through Azerbaijan. elchi reports that a train loaded with 2 wagons of aluminum and 9 wagons of grain will be dispatched from the Bilajari station of “Azerbaijan Railways” CJSC.