CCA Highlights: Armenia still in the throes of deflation, Azerbaijan to face early presidential elections, Georgia earns EU candidate status, Tajikistan names new cost of Rogun dam

CAUCASUS / CENTRAL ASIA - Report 18 Dec 2023 by Ivan Tchakarov

We comment on key macro-related events in the Caucasus and Central Asia:
Armenia: Central Bank of Armenia cuts policy rates by 25bpts to 9.25 percent
Armenia: Deflation returns in Nov
Armenia: Outflows to UAE reach record highs
Armenia: Authorities upbeat on 2024 growth prospects
Armenia: 2024 budget deficit to widen further on NK-related expenses
Armenia: Civil Contract Party leadership meets for a record 7th time in Dec
Azerbaijan: Inflation declines to 2.6 percent YoY in Nov
Azerbaijan: President Aliyev calls early presidential elections in Feb
Azerbaijan: Central Bank starts publishing data on the yield curve of government bonds
Azerbaijan: Horadiz-Aghbend railway, part of the Zangezur corridor, almost half ready
Georgia: Georgia earns EU candidate status
Georgia: Nika Melia to form a new political party
Georgia: Parliament adopts 2024 budget
Georgia: Remittances stabilize at a high level in Nov
Georgia: FDI posted at US$316mn in 3Q23
Uzbekistan: Central Bank of Uzbekistan offers no surprises, keeps policy rate unchanged at 14.0 percent
Uzbekistan: CPI inches down to 8.7 YoY percent in November
Uzbekistan: WTO entry to raise GDP growth by 0.4-0.5 percent
Tajikistan: Oct GDP growth still strong at 8.3 percent
Tajikistan: Tajikistan names new estimated cost of Rogun project
Tajikistan: Tajikistan to repay US$246mn in public foreign debt in 2024
Tajikistan: Tajikistan and Kyrgyzstan complete 90 percent of border delimitation

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