ECONOMY

The Asian Development Bank (ADB) is considering the possibility of allocating a loan for a regional project to modernize border crossing points in several countries, including Azerbaijan. Elchi.az reports that the project, called “Modernization of Border Points for Integration, Logistics and Development,” covers Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, China, Tajikistan, Turkmenistan and Uzbekistan. It […]

During trading operations on the ICE London Intercontinental Exchange, the value of the April 2026 contract for Brent oil exports increased by 0.05% to $65.1 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 0.07% to […]

The price of gold futures per troy ounce (31.1 grams) in commodity markets has updated its historical maximum. Elchi.az reports with reference to the stock exchange data that the price of April 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 1.65% to 5,100.21 US dollars. The […]

In 2025, the volume of trade operations between Azerbaijan and Russia amounted to 4.920 billion US dollars. Elchi.az received information about this from the State Customs Committee. According to the information, this is 120.4 million US dollars or 2.5% more compared to the indicator in 2024. During the reporting period, trade turnover with Russia amounted […]

Oil has become more expensive in global commodity markets. Elchi.az reports that the price of WTI crude oil on the NYMEX exchange in New York for the March contract of the current year increased by US$1.71 or 2.88% to US$61.07 per barrel. The price of Brent crude oil on the ICE London exchange for the […]

Natural gas futures quotes have risen on the New York Mercantile Exchange (NYMEX). Elchi.az reports that natural gas futures in commodity markets gained 4.56% to $5.2750 per 1 million BTU (British thermal unit). The value of a megawatt-hour of gas at the Dutch Title Transfer Facility (TTF) hub increased by 3.39% to 39.37 euros. reports […]

The price of gold in global commodity markets has exceeded its historical limit, surpassing the $5,000 level. Elchi.az reports that the price of one troy ounce of gold on COMEX (April 2026 contract) was $5,017, which is an increase of $67.6 or 1.37% per day. In the spot market, gold settled at $4,987, up 1.04%. […]

We plan to complete the construction of the Aghband-Kalale automobile bridge over the Araz River by the Novruz holiday. Elchi.az reports that this was stated by Vahid Jalalzadeh, Deputy Minister of Foreign Affairs of the Islamic Republic of Iran, who is on a visit to Azerbaijan, at a meeting with journalists. Speaking about the progress […]

In January-December 2025, Azerbaijan imported 1 million 267.3 thousand tons of wheat worth 275 million 626 thousand US dollars. Elchi.az reports with reference to the State Customs Committee that this indicator is 1.9% or 24.7 thousand tons less in terms of volume and 1.5% or 4.1 million US dollars less in terms of value compared […]

The period of suspension of inspections in the field of entrepreneurship in Azerbaijan is being extended. Elchi.az reports that this is reflected in the amendment proposed to the Law “On Suspension of Inspections in the Field of Entrepreneurship”, which was discussed in the first reading at today’s meeting of the Committee on Economic Policy, Industry […]