ECONOMY

The drafts of the state budget and consolidated budget of the Republic of Azerbaijan for 2027, the consolidated budget indicators for the next three years, as well as the concept and forecast indicators of economic and social development of the Republic of Azerbaijan for 2027 and the next three years will be submitted to the […]

The intergovernmental agreement on the “Azerbaijan–Georgia–Turkey–Bulgaria Green Energy Corridor” is planned to be signed within the framework of COP31, which will be held in November of this year. “Elchi” reports that the Minister of Energy of the Republic of Azerbaijan, Parviz Shahbazov, stated this during his speech at the session titled “Regional energy connectivity and […]

The Second Azerbaijan International Investment Forum (“AIIF 2026”) has commenced in Baku under the patronage of the President of the Republic of Azerbaijan, Ilham Aliyev. “Elchi” reports that the Forum has brought together the world’s leading investors, representatives of state and international financial institutions, and business leaders. The Forum, held in strategic partnership with the […]

Within the framework of the Azerbaijan International Investment Forum (AIIF 2026) held in Baku, the signing of 12 documents in various fields is planned. “Elchi” reports that, according to the forum program, the documents cover investment, construction, renewable energy, industry, agriculture, pharmaceuticals, banking, digital technologies, and other areas. A document on cooperation in the field […]

Today, there will be temporary restrictions on electricity supply in some areas of Yasamal and Zira due to maintenance work. According to the information provided to elchi by “Azerishig”, maintenance work will be carried out on the power grid in some areas of the capital on September 25 in order to improve the quality of […]

10 investment projects with a total value of 389 million US dollars have been launched between Azerbaijan and Uzbekistan. elchi reports that this was stated in an interview with Report by Jasurbek Choriyev, Secretary General of the Permanent Secretariat of the TRACECA Intergovernmental Commission, who also held the position of Deputy Minister of Transport of […]

The price of Azerbaijani oil has increased in the world market. elchi reports that the price of a barrel of “Azeri Light” Azerbaijani oil increased by 0.91 US dollars, or 0.78%, to 117.74 US dollars. Previously, Azerbaijani oil was traded at 116.83 US dollars. It should be noted that the average price of a barrel […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on September 23, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0348 manats. In turn, 100 Russian rubles depreciated to 2.0166 manats, and the euro depreciated to 1.9425 manats. Currency Code Rate […]

The value of futures for one troy ounce (31.1 grams) of gold has increased in commodity markets. “Elchi” reports, citing exchange data, that the value of December 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 0.14% to 4,382.4 US dollars. The price of December 2026 silver futures per […]

Flights of airlines belonging to the Islamic Republic of Iran operating flights to Azerbaijan are being suspended. This was reported to “Elchi” by Azerbaijan Airlines. “Due to the new package of sanctions imposed by the USA against the Islamic Republic of Iran, especially sanctions against the aviation sector, a decision has been made to suspend […]