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. […]

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 […]

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% […]

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.

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 […]

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 […]

A state control mechanism is being created in Azerbaijan in the field of import, export, use, circulation, accounting and storage, including tracking of rough diamonds. According to Elchi.az, amendments to the Law “On Precious Metals and Precious Stones” were proposed at today’s meeting of the Milli Majlis. According to the additions, state control in the […]

The import of works of art, collection items and antiques into the country is exempt from value added tax (VAT). According to Elchi.az, this is reflected in the amendment to the Tax Code, which was discussed at today’s meeting of the Milli Majlis. According to the project, the import of works of art, collection items […]

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 Milli Majlis. According to the […]