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.
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Premium AI-95 gasoline produced in Azerbaijan will soon be available for sale in Armenia at a significantly lower price compared to local market rates.
AnewZ and Pakistan TV have signed a memorandum of understanding aimed at strengthening cooperation in the media sector through staff training, content sharing and joint projects.
Prospects for Azerbaijan–Türkiye ties in 2026 will largely depend on regional peace efforts and the broader geopolitical environment in the South Caucasus according to a regional analyst.
Türkiye–Azerbaijan trade and investment talks at the 12th meeting of the Joint Intergovernmental Commission (JIC), held in Baku on 22–23 December, are being framed as a key moment in efforts to expand bilateral economic cooperation.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Israel’s government has approved the creation of 19 new Jewish settlements in the occupied West Bank, a move that analysts say further undermines the prospects for a viable Palestinian state.
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Premium AI-95 gasoline produced in Azerbaijan will soon be available for sale in Armenia at a significantly lower price compared to local market rates.
AnewZ and Pakistan TV have signed a memorandum of understanding aimed at strengthening cooperation in the media sector through staff training, content sharing and joint projects.
Uzbekistan and Japan have agreed a cooperation portfolio worth more than $12 billion in bid to advance economic, educational and regional ties.
In Russia, power has always determined who rises and who falls. Under Boris Yeltsin, oligarchs emerged as state property was carved up in the chaos of the 1990s. Wealth was fast, often crude, and frequently independent of the Kremlin itself.
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