Bulgaria to allow Putin’s aircraft for potential Budapest summit with Trump
Bulgaria has confirmed its readiness to facilitate a potential summit between Russian President Vladimir Putin and U.S. President Donald Trump in Buda...
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.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
President of the Republic of Azerbaijan Ilham Aliyev has arrived in the Republic of Kazakhstan for a state visit on Monday 20th October.
Israeli Military has confirmed it opened fire on what it called "several approaching terrorists" who crossed the yellow line in the Shejaiya area in Gaza, sparking fears that the ceasefire will not hold.
Germany has recalled its ambassador to Georgia, Ernst Peter Fischer, for what it says are “consultations on how to proceed”.
A passenger plane operated by Azerbaijan Airlines (AZAL) was forced to return to St. Petersburg’s Pulkovo Airport on Monday while en route to Baku.
Turkish Foreign Minister Hakan Fidan warned that the collapse of the Gaza ceasefire would not trigger a conventional war but rather a renewed genocide, highlighting Türkiye’s leadership role and calling for accountability for damages.
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