Nov CCA Highlights: Armenia lowers CPI target, Azerbaijan grows strongly in Oct, Georgia sells record-high FX to prop up lari, Uzbekistan delays meeting CPI target
We discuss briefly the key macro and political events in the Caucasus and Central Asia this Nov:
Armenia: GDP grows by 5.2% YoY in 3Q24
Armenia: Monthly economic indicator decelerates to 4.2% YoY in Oct
Armenia: CPI steady in Oct at 0.6% YoY
Armenia: CB to lower inflation target to 3% in 2025
Armenia: Central Bank cuts policy rate by 25bpts to 7.25%
Armenia: Government debt inches up to 48% of GDP in 3Q24
Armenia: Net remittances jump in Sep
Armenia: Constitutional Court cannot nullify Declaration of Independence
Armenia: Campaign for referendum on EU accession gathers speed
Armenia: Survey reveals high dissatisfaction with Armenian Prime Minister's performance
Armenia: Armenia and EU develop visa liberalization negotiations plan
Armenia: Armenia has no plans to apply for BRICS membership
Azerbaijan: GDP grows by 4.9% YoY over Jan-Oct
Azerbaijan: Inflation inches down to 3.4% YoY in Oct
Azerbaijan: Central Bank keeps policy rate unchanged at 7.25%
Azerbaijan: Budget surplus amounts to AZN 3.4bn during Jan-Oct
Azerbaijan: FX reserves edge down to US$11.37bn in Oct
Azerbaijan: Gas and oil production rise in Oct
Azerbaijan: Azerbaijan exports 20.7bcm of gas during Jan-Oct
Azerbaijan: Green energy production increases by 80% YoY over Jan-Oct
Azerbaijan: Baku denies plans to sell Russian gas to Europe
Azerbaijan: Azerbaijan is in the top 5 countries in the world for gold purchases during Jan-Sep
Azerbaijan: Azerbaijan files lawsuit against Armenia in the Hague
Georgia: Inflation moderates further to only 0.3% YoY in Oct
Georgia: Producer prices decline to 6.8% YoY in Oct
Georgia: FX reserves drop sharply in Oct
Georgia: NBG sold US$591.1mn in Oct
Georgia: Dollarization inches up in Oct
Georgia: NBG raises minimum amount of foreign currency loans for those with GEL incomes
Georgia: Income from foreign travel robust in 3Q24
Georgia: Statistical Office revises GDP data for 2023
Georgia: Government improves 2024 GDP growth to 9%
Georgia: New Parliament recognizes the authority of all 150 members
Georgia: Ivanishvili once again presents Irakli Kobakhidze for the post of PM
Georgia: Strong Georgia, UNM and Coalition for Change appeal to the CEC to revoke their party lists
Georgia: Georgian Dream names presidential candidate
Georgia: CC publishes lawsuit of the President regarding the elections
Georgia: EU Foreign Ministers fail to reach agreement on Georgia elections
Georgia: Georgia suspends EU accession talks until 2028
Uzbekistan: GDP grows by 6.6% YoY over Jan-Sep
Uzbekistan: Central Bank keeps policy rate unchanged at 13.5%
Uzbekistan: CBU moves goal of meeting 5% CPI target to second half of 2026
Uzbekistan: CPI edges down to 10.2% YoY in Oct
Uzbekistan: Inflation expectations tick down in Oct
Uzbekistan: FX reserves jump to US$43.1bn in Oct
Uzbekistan: Trade deficit widens to US$1150mn in Oct
Uzbekistan: Gas production declines by 4.8% YoY over Jan-Oct
Uzbekistan: President's Liberal Democratic Party wins Parliamentary Elections
Uzbekistan: President nominates Abdullah Aripov for the post of Prime Minister
Uzbekistan: Prime Minister presents government's program until 2030
Uzbekistan: Two more companies from Uzbekistan have been sanctioned by the United States
Uzbekistan: Uzbekistan completes bilateral negotiations with US on WTO accession
Uzbekistan: Negotiations on Uzbekistan's accession to the WTO may accelerate
Uzbekistan: The volume of money transfers to Uzbekistan may reach US$20bn by 2027
Uzbekistan: Uzbekistan plans to send 200,000 citizens to work in developed countries in 2025
Uzbekistan: Uzbekistan plans to produce 450,000 cars in 2025
Tajikistan: Inflation still contained at 3.6% YoY in Oct
Tajikistan: Central Bank keeps policy rate unchanged at 9.0%
Tajikistan: GDP growth strong at 8.4% YoY over Jan-Sep
Now read on...
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