ECONOMY

NEWS

Oil prices rise again in world markets

ECONOMY
During trading operations on the ICE London Intercontinental Exchange, the value of the April 2026 contract for Brent oil exports increased by 0.82% to $67.88 per barrel. According to Elchi.az, the price of 1 barrel of WTI oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also increased by 1.03% to […]
NEWS

Events dedicated to WUF13 held at UN Headquarters in New York

ECONOMY, WORLD
The Thirteenth Session of the World Urban Forum (WUF13), which will be held on May 17-22, 2026, on the theme “Housing for All: Safe and Sustainable Cities and Settlements,” has been presented at a number of high-level international events. Elchi.az reports that on January 29, the meeting of the Group of Friends on sustainable urbanization […]
NEWS

Online event dedicated to WUF13 held with the participation of 32 parliamentarians from 30 countries

ECONOMY, WORLD
An international online event dedicated to WUF13 on the topic “The Role of Parliaments in the Development of Sustainable Cities and the Promotion of Sustainable Urban Development” was held with the participation of 32 parliamentarians from 30 countries around the world. Elchi.az reports that the main goal of the event, held on January 30, was […]
NEWS

ADSEA: Call Center answered 832,961 applications last year

ECONOMY
The 955 Call Center of the Azerbaijan State Water Resources Agency (ADSEA) operates around the clock to promptly receive citizens’ complaints and appeals and take appropriate measures. Elchi.az was informed about this by ADSEA. According to the information, the Call Center operating under the unified system of the Agency receives applications live, via voice message […]
NEWS

Azerbaijan upgrades international backbone internet infrastructure

ECONOMY
“Aztelekom” LLC is strengthening its infrastructure base for the transmission of international internet traffic over the backbone fiber-optic network. This was reported to Elchi.az from the company. Thus, starting from the current month, the company is starting to expand its network (DWDM) based on the existing high-capacity fiber-optic transmission technology and update the relevant software. […]
NEWS

Official of “Fintrend” NBCO fined 2,000 manats

ECONOMY
The Central Bank of Azerbaijan (CBA) has fined an official of “Fintrend” NBCO LLC 2,000 manats. Elchi.az reports with reference to the CBA. According to the information, within the framework of ongoing control processes carried out by the CBA, the official of “Fintrend” Non-Bank Credit Organization Limited Liability Company was fined 2,000 manats by the […]
NEWS

Oil prices continue to fall in world markets

ECONOMY
During trading operations on the ICE London Intercontinental Exchange, the value of the April 2026 contract for Brent crude oil decreased by 0.5% to $65.97 per barrel. According to Elchi.az, the price of 1 barrel of WTI crude oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also decreased by 0.43% […]
NEWS

Gold and silver prices rise

ECONOMY
The price of gold and silver has increased on the New York Stock Exchange. Elchi.az reports that gold futures on the New York COMEX commodity exchange gained 3.93% to $4835. Silver futures on COMEX rose 8.42% to $83.49 per ounce.
NEWS

Today’s exchange rates

ECONOMY
The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on February 3, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0391 manats. The euro depreciated to 2.0076 manats, and 100 Russian rubles to 2.2193 manats. 1 US dollar USD 1,7 1 Euro […]
NEWS

Azerbaijan oil price drops below $70

ECONOMY
The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil decreased by 3.63 US dollars or 4.95% to 69.72 US dollars. It should be noted that the previous price of Azerbaijani oil was 73.35 US dollars. It should […]