ECONOMY

3.6 million manats have been allocated for the installation of new bus stop pavilions for passengers waiting for buses on streets and avenues in Baku and regions. Elchi.az reports that the Azerbaijan Land Transport Agency has announced an open tender for this. The company that wins the competition will be paid a total of 3,654,073.57 […]

“Shell” reduced its liquefied natural gas (LNG) production by 2% in 2025 compared to the previous year, to approximately 28.4 million tons. Elchi.az reports that this was noted in the company’s report. According to the information, “Shell” produced 6.6 million tons in the first quarter, 6.7 million tons in the second quarter, 7.3 million tons […]

The Asian Development Bank (ADB) has approved the provision of technical assistance worth US$2 million for the implementation of the project “Supporting the Development and Application of the Private Capital Mobilization Indicator.” Elchi.az reports this with reference to the Bank. According to the information, Azerbaijan is also among the developing countries in the project. The […]

The price of gold futures per troy ounce (31.1 grams) has decreased 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 1.39% to 4,882.1 US dollars. The price of March 2026 […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on February 5, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0390 manats, the Euro decreased to 2.0039 manats, and 100 Russian rubles increased to 2.2215 manats. Valyuta Kod Kurs 1 ABŞ dolları […]

Today, a new grain shipment will be sent from Russia to Armenia via transit through Azerbaijan. Elchi.az reports that this shipment consists of 8 wagons with a total of 560 tons. It should be noted that so far, 20,660 tons of grain (including today’s 560 tons) have been sent from Russia to Armenia via transit […]

The direct impact of the increase in gasoline and diesel fuel prices at the end of last year on annual inflation is estimated at 0.31%, and the indirect impact is estimated at 0.33%. Elchi.az reports that this was stated by Taleh Kazimov, Chairman of the Central Bank of Azerbaijan, at a press conference today. Thus, […]

As of January 1, 2026, the external public debt amounted to 4,813.5 million US dollars, or 6.3 percent of the actual GDP in the amount of 129,094.0 million manats (75,937.6 million US dollars) for 2025. This is reported by Elchi.az with reference to the Ministry of Finance. According to the information, the external public debt […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 3.35% to $5,100.46. The price of March 2026 futures for one […]