ECONOMY

Changes have been made to the “Commodity nomenclature of foreign economic activity of the Republic of Azerbaijan, rates of import customs duties and rates of export customs duties.” According to Elchi.az, the Cabinet of Ministers has made a decision on this matter. Due to the expiration in 2025 of the current import customs duty rates […]

Temporary additional customs duties have been determined for iron reinforcing bars and glass sheets. Elchi.az reports that Prime Minister Ali Asadov has signed a resolution in this regard. According to the resolution, a customs duty of 150 manats will be applied for 1 ton of rods made of iron or non-alloy steel (iron reinforcing bars), […]

Deputy Minister of Digital Development and Transport Samaddin Asadov met with a delegation led by Karl Kressin, Regional Director of the US Trade and Development Agency, who is on a visit to our country. This was reported to Elchi.az from the Ministry. At the meeting, satisfaction was expressed with the strategic cooperation between Azerbaijan and […]

The 6th meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Azerbaijan and the Italian Republic will be held in Baku on January 13. According to the Ministry of Energy to Elchi.az, the co-chairman of the Commission from the Azerbaijani side is the Minister of Energy Parviz Shahbazov, and from the Italian […]

Opportunities for using water formed in Baku Metro stations will be investigated. Elchi.az reports that this is reflected in the “State Program for 2026−2035 on improving water supply, rain and waste water systems in Baku and the Absheron Peninsula”, approved by President Ilham Aliyev. According to the State Program, in 2026−2027, the Azerbaijan State Water […]

Despite the fact that dividends are not expected from the Southern Gas Corridor (SGC) project in 2025 and that SOCAR, the implementing organization of the projects, does not foresee dividend payments in 2026–2029, the Fund has projected revenues of 404.4 million manats for the SGC project in the 2026 budget project. Elchi.az reports that this […]

The 2026 budget of the State Oil Fund of Azerbaijan (SOFAZ) is projected with a surplus. Elchi.az reports that this was stated in the opinion of the Accounting Chamber on the SOFAZ budget for 2026. It was noted that despite the decrease in oil production volume, the sale price of crude oil being 5.0 US […]

Starting today, Azerbaijan Railways CJSC (ADY) has launched a regular passenger transportation service on the Ganja-Gabala-Ganja route for the first time. Elchi.az reports that this is ADY’s 2nd intra-regional passenger transportation route after the Ganja-Mingachevir-Ganja route, which will serve to ensure transport accessibility in the regions and expand inter-regional transport links and mobility. Passengers are […]

Two new services have been launched on the “mygov” platform to expand the scope of digital services provided to citizens. The Innovation and Digital Development Agency (IRDA) told Elchi.az about this. According to the information, users can now digitally submit applications for special permits for the circulation of civil unmanned aerial vehicles (UAVs) and for […]

During trading operations on the ICE London Intercontinental Exchange, the value of March 2026 contract for Brent oil exports increased by 0.08% to $63.39 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 0.37% to $59.16.