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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A call has been made to parliaments worldwide in connection with the 13th session of the World Urban Forum (WUF13), urging stronger legislative engagement in advancing resilient cities and sustainable urban development.
Azerbaijan’s President Ilham Aliyev spoke by phone with Iranian President Masoud Pezeshkian on 31 January, as both sides exchanged views on regional tensions and the future of their cooperation.
Azerbaijan’s Milli Majlis hosted a meeting with members of the majority staff of the U.S. House of Representatives Committee on Foreign Affairs, Azertag reported, on 31 January.
If Fars News Agency is to be believed, Iran's neighbours should be on alert. The agency, which reportedly mirrors the views of Iran's Islamic Revolutionary Guard Corps, warned Azerbaijan and Türkiye that if the U.S. and Israel attack Iran, they will become "legitimate targets for Tehran."
Catherine O’Hara, the celebrated Canadian actress and comedy legend, has died at the age of 71, her publicist confirmed on Friday. She passed away at her home in Los Angeles following a brief illness.
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The United Nations faces the risk of “imminent financial collapse” because of unpaid contributions, including substantial arrears from the United States, Secretary-General Antonio Guterres has warned.
Vladimir Putin said Russia earned more than $15 billion from defence exports in 2025 and fulfilled all military-technical contracts despite what he described as growing pressure from Western countries.
Explosions shook parts of southern Lebanon on Friday night as Israeli strikes rippled across the Zahrani district, with the blasts travelling toward the coastal city of Sidon.
Iran will treat the armies of European Union member states as “terrorist groups” in retaliation for the EU’s decision to list Iran’s Islamic Revolutionary Guard Corps as a terrorist organisation, parliament speaker Mohammad Baqer Qalibaf said on Sunday.
A call has been made to parliaments worldwide in connection with the 13th session of the World Urban Forum (WUF13), urging stronger legislative engagement in advancing resilient cities and sustainable urban development.
A 5.2-magnitude earthquake struck the city of Asaluyeh in southern Iran on Sunday morning, according to state media.
Azerbaijan’s President Ilham Aliyev spoke by phone with Iranian President Masoud Pezeshkian on 31 January, as both sides exchanged views on regional tensions and the future of their cooperation.
Four people were killed in a gas explosion on Saturday in the southwestern Iranian city of Ahvaz near the Iraqi border, while a separate blast in the port city of Bandar Abbas left one person dead and at least 14 others injured, Iranian media reported.
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