ECONOMY

Income from the lease of residential areas owned by individuals (excluding accommodation facilities located in hotels and hotel-type facilities) to individuals will be taxed at a rate of 10 percent at the source of payment. Elchi.az reports that this is reflected in the amendment to the Tax Code approved by President Ilham Aliyev. Thus, while […]

Taking into account the expected increase in passenger flow and the high intensity of travel in the coming days, Heydar Aliyev International Airport will operate in an enhanced mode from December 29 to January 5 to ensure uninterrupted, safe and high-quality passenger services. According to the airport, all key service structures of the airport will […]

China’s foreign direct investment (FDI) portfolio in the South Caucasus region has increased 2.5 times in the last decade, reaching 690 million US dollars in the first half of 2025. Approximately 60% of these investments were directed to Azerbaijan, and 40% to Georgia. Elchi.az reports that this was stated by the Eurasian Development Bank (EDB). […]

The State Service for Antimonopoly and Control over the Consumer Market (only for services provided at the Baku SME House) and its regional divisions, as well as the Consumer Goods Expertise Center and its regional divisions operating under the Agency, will operate on a non-working day – January 3, 2026. This was reported to Elchi.az […]

Some branches and departments of banks and “Azerpost” LLC, as well as currency exchange points, will operate on non-working days from December 31, 2025 to January 4, 2026. Elchi.az reports with reference to the Central Bank of Azerbaijan. According to the information, in order to ensure continuous access to currency exchange services for tourists visiting […]

During trading operations on the “ICE London” intercontinental exchange, the February 2026 contract for the export of “Brent” oil increased by 1.03% to 60.86 US dollars per barrel. Elchi.az-ın məlumatına görə, Nyu-Yorkun “NYMEX” əmtəə birjasında 2026-cı ilin fevral ayında ixrac etməklə “WTI” markalı neftin 1 barelinin qiyməti də 1,08% artaraq 57,35 ABŞ dollarına bərabər olub.

The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. Elchi.az reports, citing exchange data, that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.41% to $4,534. The price of March 2026 futures for one ounce of […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on December 29, the exchange rate of the US dollar remained unchanged at 1.7000 manats. The Turkish lira decreased to 0.0396 manats, the euro decreased to 1.9999 manats, and 100 Russian rubles increased to 2.1972 manats. 1 ABŞ dolları USD 1,7 1 […]

It is very profitable for Armenian citizens to buy Azerbaijani gasoline, I have learned that there are also queues. Elchi.az  reports that the Minister of Foreign Affairs of Armenia Ararat Mirzoyan said this on Public Television. “Peace has been established, there are attempts at cooperation, but this does not mean that we have completed the […]

We are working very intensively with the American side, and construction will begin in the second half of 2026. Elchi.az reports that this was stated by Armenian Foreign Minister Ararat Mirzoyan on Public Television while talking about TRIPP – Trump Development and Prosperity Path. “I hope that in the coming weeks we will have our […]