Fitch Solutions (FS) forecasts Azerbaijan’s annual inflation to stay below 5% over the next decade.
The country's average inflation over the past ten years was 5.5%. While high food prices and the Russia-Ukraine war continue to exert pressure, inflation is expected to ease gradually.
FS projects inflation at 4% in 2025, rising to 4.7% by 2027, then slowing to 2.7% in 2029 and 0.1% by 2034. The exchange rate is expected to remain stable, supported by steady oil and gas revenues.
The Central Bank of Azerbaijan (CBA) targets inflation at 4±2% and relies on exchange rate control for price stability. Unlike the sharp devaluation in 2015, CBA is now in a stronger position, though high dollarization (48.4% of deposits in foreign currency) limits monetary policy effectiveness.
A four-year plan aims for inflation targeting by 2026, potentially increasing exchange rate flexibility.
The UN Human Rights Council's Working Group on Arbitrary Detention has dismissed Armenia’s claims regarding the detention of Ruben Vardanyan. The group confirmed that his detention by Azerbaijan is based on serious criminal charges, not political motives.
Azerbaijan and Armenia have finalized a historic peace agreement, marking a major step toward ending decades of conflict, with both sides agreeing on all remaining articles.
Hikmet Hajiyev states that Azerbaijan is the author of the peace treaty initiative with Armenia, while highlighting ongoing territorial disputes and the need for constitutional amendments to ensure lasting regional peace.
On March 12, Azerbaijani President Ilham Aliyev met with Vaira Vike-Freiberga and Ismail Serageldin, co-chairs of the Nizami Ganjavi International Center, along with former heads of state, government, and Board of Trustees members.
Azerbaijan's Foreign Affairs Minister Jeyhum Bayramov has been received today by Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtleu.
Armenian Prime Minister Nikol Pashinyan has briefed Russian President Vladimir Putin on a finalised draft peace agreement with Azerbaijan in a phone call with Vladimir Putin. Kremlin said on that Friday conversation was initiated by the Armenian side.
At least five people were killed and 27 injured when a concrete beam from an under-construction expressway bridge collapsed on Rama 2 Road in Thailand. Authorities are searching for missing individuals as investigations into the cause continue.
Germany's election-winning conservative CDU/CSU bloc, led by Friedrich Merz, and the Social Democrats (SPD) have reached an agreement in principle with the Greens on a significant increase in state borrowing ahead of next week’s parliamentary vote.
Frederic Arnault, one of the five children of LVMH, opens new tab chairman and CEO Bernard Arnault, will become chief executive of the group's high-end Italian cashmere label Loro Piana in June, the world's biggest luxury group said in a statement.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Armenian Prime Minister Nikol Pashinyan has briefed Russian President Vladimir Putin on a finalised draft peace agreement with Azerbaijan in a phone call with Vladimir Putin. Kremlin said on that Friday conversation was initiated by the Armenian side.
The United States has proposed a "bridge" plan to extend the ceasefire in Gaza through April, aiming to facilitate negotiations for a permanent halt to hostilities and ensure the release of U.S.-Israeli citizen Edan Alexander.
Hamas announced on Friday that it agreed to release an American-Israeli dual national, believed to be the last American hostage held in Gaza. The release follows a proposal from mediators to resume negotiations for the second phase of a ceasefire deal.
The European Union will convene its 9th international Conference in support of Syria on 17 March, in Brussels. For the first time, Syrian interim authorities have been invited, together with representatives of the United Nations, Syria's neighbouring states and other regional partners.
Armenian Prime Minister Nikol Pashinyan has briefed Russian President Vladimir Putin on a finalised draft peace agreement with Azerbaijan in a phone call with Vladimir Putin. Kremlin said on that Friday conversation was initiated by the Armenian side.
At least five people were killed and 27 injured when a concrete beam from an under-construction expressway bridge collapsed on Rama 2 Road in Thailand. Authorities are searching for missing individuals as investigations into the cause continue.
Germany's election-winning conservative CDU/CSU bloc, led by Friedrich Merz, and the Social Democrats (SPD) have reached an agreement in principle with the Greens on a significant increase in state borrowing ahead of next week’s parliamentary vote.
Frederic Arnault, one of the five children of LVMH, opens new tab chairman and CEO Bernard Arnault, will become chief executive of the group's high-end Italian cashmere label Loro Piana in June, the world's biggest luxury group said in a statement.
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