ECONOMY

The development of cooperation between Azerbaijan and Germany across all key areas, including energy security, energy transition, oil and gas, renewable energy, and energy efficiency, has been discussed. “Elchi” reports that this was discussed during a meeting between Minister of Energy Parviz Shahbazov and the Ambassador Extraordinary and Plenipotentiary of Germany to Azerbaijan, Dirk Wölke. […]

The price of beef in Azerbaijan has increased again. “Elchi” reports, citing “Qaynarinfo”, that currently, bone-in meat is being offered to customers at 19 manats at retail outlets. Boneless beef is being sold for 21-22 manats. This represents an increase of 1-2 manats over the last month. Sellers cite the change of season as the […]

The Central Bank of Azerbaijan (CBA) has issued a mandatory order to “Rabitabank” OJSC. “Elchi” reports this citing the CBA. According to the information, the Bank did not comply with the requirements of clause 3.20 of the “Rules for conducting cash operations, storage and collection of cash and other valuables in credit institutions, payment institutions […]

The price of natural gas futures on the New York Mercantile Exchange (NYMEX) has increased. “Elchi” reports that the price of natural gas futures for delivery in October 2026 has increased by 0.28% to 2.84 USD per 1 million BTU (British thermal unit).

The value of futures for one troy ounce (31.1 grams) of gold has decreased in commodity markets. elchi reports, citing exchange data, that the value of December 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.6% to 4,357.7 US dollars. The price of December 2026 silver futures per […]

During trading operations on the “ICE London” Intercontinental Exchange, the value of the November 2026 contract for the export of “Brent” crude oil increased by 1.35% to 101.69 US dollars per barrel. According to elchi, the price of 1 barrel of “WTI” brand oil for export in October 2026 on the New York “NYMEX” commodity […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on September 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0348 manats. In turn, 100 Russian rubles rose to 2.0323 manats, and the euro rose to 1.9512 manats. Currency Code Rate […]

In the first eight months of this year, Azerbaijan exported 569.27 tons of tea to foreign markets, worth 5 million 2.93 thousand US dollars. “Elchi” reports that this was noted in the State Customs Committee’s report. Compared to the same period last year, tea exports increased by 12.10% in value and 15.80% in volume. In […]

At a time when the strategic importance of the country’s relations with Central Asia is further increasing, Azerbaijan Airlines (AZAL) has expanded its flight geography in Central Asia to 10 destinations in recent months by adding Shymkent, Atyrau, and Aktobe to its route network in the region. A total of 47 flights per week are […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on September 21, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0348 manats. In turn, 100 Russian rubles increased in value to 2.0170 manats, while the euro decreased to 1.9507 manats.