ECONOMY

NEWS

Ranking of investment companies by turnover volume – 2025

ECONOMY
The volume of domestic stock exchange turnover of investment companies operating in Azerbaijan for 2025 has been announced. Elchi.az presents the ranking of investment companies by turnover volume, referring to the Baku Stock Exchange: Rank Name Turnover (in manats) Number of transactions 1 “PAŞA Kapital İnvestisiya Şirkəti” QSC 44719984119 8722 2 “ABB İnvest İnvestisiya Şirkəti” […]
NEWS

Over 1 ton 824 kilograms of narcotics were withdrawn from illegal circulation last year

ECONOMY
Last year, customs authorities in Azerbaijan revealed 97 facts related to the illegal circulation of narcotic drugs, psychotropic substances and their precursors. This was reported to Elchi.az by the State Customs Committee. According to the information, a total of 1 ton 824 kg 453 grams of narcotic drugs, psychotropic substances and their precursors were withdrawn […]
NEWS

Ambassador: Azerbaijan has chosen Chinese companies as strategic partners

ECONOMY
We are also cooperating at a very high level in the “One Belt, One Road” project. In particular, the works on the China-Europe railway connection and the Trans-Caspian corridor are proceeding rapidly, and Azerbaijan’s role is strengthening here. Elchi.az reports that these words were said by Ms. Lu Mei, Ambassador of the People’s Republic of […]
NEWS

Fitch Solutions: Average annual economic growth in Azerbaijan will be 2.7% by 2035

ECONOMY
The average annual growth of the Azerbaijani economy will be 2.7% in 2025–2034. Elchi.az reports that this was stated in the forecast of Fitch Solutions, which is part of the Fitch Group. It was noted that Azerbaijan’s economic growth trajectory will be more stable in the period covering 2025–2034. According to the assessment, during this […]
NEWS

Norm Cement plant increases production capacity

ECONOMY
“Norm” OJSC has successfully completed the project to increase the clinker production capacity of the Norm Cement plant. Elchi.az reports that, thus, the plant’s clinker production capacity has been increased from 1.76 million tons to 2 million tons per year, providing an increase of approximately 14%, which means the possibility of producing an additional 240 […]
NEWS

Over 10 million manats of “tax free” returned to foreigners last year

ECONOMY
In 2025, the amount of VAT (“tax free”) returned from the state budget for goods purchased by foreign citizens for personal consumption in the territory of the republic amounted to 10 million 533.3 thousand manats. Elchi.az reports with reference to the State Tax Service under the Ministry of Economy. It should be noted that last […]
NEWS

Azerbaijani oil has become cheaper

ECONOMY
Azerbaijani oil of the “Azeri Light” (CIF) brand has become cheaper in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil decreased by 1.13 US dollars or 1.72% to 64.6 US dollars. It should be noted that the previous price of Azerbaijani oil was 65.73 US dollars. It should be reminded […]
NEWS

Gold and silver prices decrease in commodity markets

ECONOMY
The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.68% to 4,432.26 US dollars. The price of March 2026 […]