ECONOMY

“Rules for the implementation of regulatory pilot projects for the evaluation of the effectiveness of digital solutions applied by state bodies (institutions) in test mode, as well as for determining the feasibility of electronic services organized by state bodies (institutions) at the initial stage” have been approved. “Elchi” reports that President Ilham Aliyev has signed […]

In January-March 2026, the Marketing and Economic Operations Department of the State Oil Company (SOCAR) exported non-oil products worth 35.3 million US dollars. elchi reports that this was stated in the “Export Review” published by the Center for Analysis of Economic Reforms and Communication. This figure represents a 66.4% decrease compared to the same period […]

Grain and fertilizer will be dispatched to Armenia via transit through Azerbaijan. “Elchi” reports that today, grain and fertilizer will be sent to the Republic of Armenia via transit through the territory of the Republic of Azerbaijan.

As of March 31 of this year, the European Bank for Reconstruction and Development’s (EBRD) current loan portfolio in Azerbaijan reached 898 million euros. This represents an increase of 2.3% or 21 million euros in the last month. “Elchi” reports this with reference to the EBRD. According to the information, the number of active projects […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 6.43 US dollars, or 5.55%, reaching 122.32 US dollars. It should be noted that the previous price of Azerbaijani oil was 115.89 US dollars. We remind you […]

The price of “Azeri Light” (CIF) Azerbaijani oil has increased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has increased by 6.43 US dollars, or 5.55%, reaching 122.32 US dollars. It should be noted that the previous price of Azerbaijani oil was 115.89 US dollars. As a reminder, the […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.05% to 4,559.3 US dollars. The price of July 2026 silver futures per […]

During trading operations on the ICE London Intercontinental Exchange, the value of the June 2026 contract for the export of Brent crude oil increased by 6.92%, reaching 126.2 US dollars per barrel. According to elchi, the price of 1 barrel of WTI crude oil for export in June 2026 on the NYMEX commodity exchange in […]

The Chairman of the State Customs Committee, Shahin Baghirov, has explained the importance of transitioning to the implementation of a single electronic declaration in multimodal transport. “Elchi” reports that during the discussion of the draft law on amendments to the Customs Code at today’s meeting of the Milli Majlis Committee on Economic Policy, Industry and […]