Jan CCA Highlights: Armenia, Azerbaijan and Georgia keep rates unchanged, Georgia's 2024 GDP soars to 9.5%, FX reserves reach record-high level in Uzbekistan
We discuss key macro and political events in the CCA during Jan:
Armenia: Armenia plans to issue new Eurobonds in 2025
Armenia: Monthly economic indicator rises by 4.7% YoY in Dec
Armenia: 2025 public debt payments to exceed US$2.4bn
Armenia: CPI increases to 1.5% YoY in Dec
Armenia: FX reserves rise to US$3.66bn in Dec
Armenia: CA deficit amounted to 3.7% of GDP in 3Q24
Armenia: Central Bank says new inflation target of 3% is realistic
Armenia: Fitch affirms Armenia at 'BB-'
Armenia: Parliament committee approves draft law on starting EU accession
Armenia: Armenia signs strategic partnership agreement with the US
Armenia: Russian troops withdraw from Armenia's border crossing with Iran from Jan 1st
Armenia: Peace treaty has no clause on Armenia's constitutional changes
Azerbaijan: GDP grew by 4.1% in 2024
Azerbaijan: CPI ends 2024 at 4.9% YoY
Azerbaijan: Central Bank keeps policy rate unchanged at 7.25%
Azerbaijan: Azerbaijan posted a comfortable CA surplus of 6.8 percent of GDP in 3Q24
Azerbaijan: FX reserves edge down to US$10.96bn in Dec
Azerbaijan: SOFAZ assets reach US$60bn in 2024
Azerbaijan: Fitch affirms Azerbaijan at BBB-
Azerbaijan: Moody's announces periodic review of Azerbaijan's ratings
Azerbaijan: Central Bank to activate countercyclical capital buffer for banks on March 1
Azerbaijan: SOCAR to issue green bonds
Azerbaijan: Iran-Azerbaijan joint economic commission meets for the first time in 3 years
Georgia: 3Q24 GDP grows by 11.0% YoY
Georgia: Monthly economic indicator expands by 6.7% y/y in Dec
Georgia: CA posts US$49.3mn surplus in Q3 2024
Georgia: Gross external debt at 77% of GDP in 3Q24
Georgia: CPI rises by 1.9% YoY in Dec
Georgia: PPI rises by 7.9% y in Dec
Georgia: 2024 trade deficit comes at US$10.3bn
Georgia: Central bank purchased US$28.6mn in Dec
Georgia: NBG keeps policy rate unchanged at 8.00%
Georgia: UN General Secretary congratulates PM and President on their new positions
Georgia: EMAAR Group to invest US$6bn in Tbilisi and Batumi
Georgia: Government sends 2025-2027 Economic Action Plan to European Commission
Georgia: Georgia receives record number of tourists in 2024
Georgia: EU suspends visa liberalization for diplomatic and official passports
Georgia: So-called "Georgian Nightmare" Act has been published
Georgia: GD to establish commission to investigate crimes of 2003-2012 regime
Georgia: Business Association of Georgia declines to take a stand on political events
Uzbekistan: CPI edges down to 9.8% YoY in Dec
Uzbekistan: Central Bank keeps policy rate unchanged at 13.5%
Uzbekistan: Inflation expectations accelerate in Dec
Uzbekistan: CA deficit moderates to 1.2% of GDP in 3Q24
Uzbekistan: Gross external debt increases to 61.9% of GDP in 3Q24
Uzbekistan: FX reserves increase by US$6.6bn in 2024 to US$41.2bn
Uzbekistan: GDP grows by 6.5% in 2024
Uzbekistan: Uzbekistan receives US$14.8bn in money transfers in 2024
Uzbekistan: Net FX sales by households amounts to US$6.7bn in 2024
Uzbekistan: Average monthly salary reached UZS 5.36mn (US$413) in 2024
Uzbekistan: Central Bank purchased gold from local producers for UZS 29.9trn in 4Q2024
Uzbekistan: President highlights key environmental goals for 2025
Uzbekistan: Uzbekistan produces 424.8 thousand cars in 2024
Uzbekistan: Over 1.3 million Uzbek citizens work abroad
Uzbekistan: President orders strengthened budgetary savings measures for 2025
Uzbekistan: Uzbekistan freezes VAT and corporate tax rates until 2028
Tajikistan: Inflation ends year at 3.6% YoY
Tajikistan: GDP growth strong at 8.4% YoY over Jan-Nov
Tajikistan: CA posts surplus of 6.2% of GDP in 3Q24
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