ECONOMY

NEWS

Last year, 280 million manats were paid to farmers

— ECONOMY
In 2025, more than 280 million manats in sowing subsidies were paid to farmers, and tens of thousands of producers were covered by state support. elchi reports with reference to Oxu.az that Minister of Agriculture Majnun Mammadov stated this during his speech at the Agribusiness Development Forum. He noted that at the same time, more […]
NEWS

Oil prices on the world market have fallen by nearly 2 dollars

— ECONOMY
Oil prices on the world market have fallen by nearly 2 dollars. elchi reports that June futures for WTI crude oil on the NYMEX exchange decreased by 1.85% or 1.89 dollars, amounting to 100.38 US dollars per barrel. On London’s ICE exchange, July futures for Brent crude oil fell by 1.68% or 1.85 dollars, reaching […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-ın məlumatına görə, on May 6, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0376 manats. The euro increased to 1.9951 manats, while 100 Russian rubles decreased to 2.2513 manats.
NEWS

More than 20 million passengers used the metro last month

— ECONOMY
More than 20 million trips were made in the metro in April. “Elchi” reports that “Baku Metro” CJSC has released information regarding this. It was stated that 20 million 510 thousand 29 passengers were served in the Baku metro last month, which is an increase of 0.11% compared to the same period last year. During […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on May 5, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0376 manats. The Euro decreased to 1.9850 manats, and 100 Russian rubles decreased to 2.2641 manats.  
NEWS

Temporary special traffic lanes to be created in Baku within the framework of WUF13

— ECONOMY
Within the framework of WUF13, temporary special traffic lanes will be organized on a number of streets and avenues in Baku. This was reported to “Elchi” by the Azerbaijan Land Transport Agency (AYNA). Temporary traffic lanes will be created on Heydar Aliyev Avenue – Airport Highway, Abbasgulu Agha Bakikhanov Street, Mehdi Abbasov Street, Mikayil Aliyev […]
NEWS

LSFI announces three steps for the development of capital markets in CAREC

— ECONOMY, WORLD
LSFI identifies three steps for the development of capital markets in CAREC Member countries of the Asian Development Bank’s (ADB) Central Asia Regional Economic Cooperation (CAREC) program must take three key steps to develop their capital markets. According to elchi, Nicoletta Centofanti, CEO of the Luxembourg Sustainable Finance Initiative (LSFI), stated this at a capital […]
NEWS

WP: The White House is losing leverage over fuel prices

— ECONOMY, NEWS FEED
Against the backdrop of rising fuel prices and growing tension in the global oil market, the White House administration has almost exhausted available mechanisms to curb gasoline prices without causing serious political and economic consequences. “Elchi” reports that “The Washington Post” (WP) newspaper provided this information, citing the results of sociological studies and analysts. The […]
NEWS

Weekly REVIEW of oil prices in Azerbaijan

— ECONOMY
This week, the average prices for Azeri Light CIF, Urals, Dated Brent, and Azeri Light FOB oil brands have increased. “Elchi” reports that the average price of Azeri Light CIF oil produced at the Azeri-Chirag-Gunashli field was 118.8 US dollars, an increase of 6.7 dollars or 6 percent compared to the previous week’s price. According […]