Sep CCA Highlights: Armenia keeps easing, Azerbaijan reveals key assumptions of 2025 budget, Georgia grows by 9.0% over 1H, Uzbekistan leaves policy rates unchanged
We briefly comment on the key macro and political events in the CCA in Sep:
Armenia: Central Bank cuts policy rate by 25bpts to 7.50%
Armenia: CPI remains contained at 1.3% YoY in Aug
Armenia: Central Bank expects economy to grow by 5.8-6.5% in 2024
Armenia: Monthly economic indicator slows down to 5.6% YoY in Aug
Armenia: UN Tourism launches investment guidelines for Armenia
Armenia: Average salary amounts to US$711
Armenia: Net remittances jump in Jul
Armenia: PM Pashinyan says ready to sign agreed points of draft peace treaty
Armenia: Yerevan and Baku sign document on activities of border commissions
Armenia: Security Service reports disclosure of a coup d'état
Armenia: Archbishop Galstanyan announced resumption of active protest on Oct 2
Armenia: Armenia plans to build a new 400 to 600 MW nuclear power plant by 2036
Armenia: Armenia has no intention of breaking ties with Russia and EEU
Azerbaijan: GDP grows by 4.3% over Jan-Aug
Azerbaijan: Inflation picks up speed to 3.5% YoY in Aug
Azerbaijan: Budget surplus amounts to AZN 2.8bn during Jan-Aug
Azerbaijan: MinFin reveals key assumptions of 2025 budget
Azerbaijan: CBA keeps policy rate unchanged at 7.25%
Azerbaijan: Baku plans to raise share of renewable energy to 30%
Azerbaijan: Baku intends to install 7 GW of capacity in field of renewable energy sources
Azerbaijan: Azerbaijan ups forecast of 2024 gas exports
Azerbaijan: Azerbaijan exports 16.5bcm of gas during Jan-Aug
Azerbaijan: Oil and gas production fall in Aug
Azerbaijan: Aliyev's New Azerbaijan Party wins Sep 1 Parliamentary vote
Azerbaijan: Azerbaijan starts supplying natural gas to Croatia
Georgia: Monthly economic indicator grows by 13% YoY in Jul
Georgia: GDP grows by 9.6% YoY in 2Q
Georgia: Government improves 2024 GDP growth to 8%
Georgia: Inflation inches down to 1.1% YoY in Aug
Georgia: PPI rises by 8.8% YoY in Aug
Georgia: FDI inflows rise to US$574mn in Q22024
Georgia: FX reserves increase to US$4.84bn in Aug
Georgia: NBG keeps policy rate unchanged at 8.0%
Georgia: Business climate recovers strongly in 3Q24
Georgia: Visa-free travel to EU could be suspended
Georgia: New polls create hopes for opposition in run-up to Oct elections
Georgia: US sanctions not to apply to Georgian citizens unless confirmed by local courts
Georgia: Parliament approves Family Law amendments in third and final reading
Georgia: Most parties and coalitions announce their election programs
Uzbekistan: CPI broadly steady at 10.5% YoY in Aug
Uzbekistan: Inflation expectations tick up in Aug
Uzbekistan: CBU keeps policy rate unchanged at 13.5%
Uzbekistan: FX reserves rise to US$39.2bn in Aug
Uzbekistan: Industrial production expands by 6.9% YoY over Jan-Aug
Uzbekistan: Trade deficit moderates to US$1.1bn in Aug
Uzbekistan: Public debt exceeds US$37bn in 2Q
Uzbekistan: Uzbekistan buys gas for US$160 per thousand cm
Uzbekistan: Uzbekistan was the second-largest buyer of gold in the world in Jul
Uzbekistan: Uzatom and Rosatom sign protocol on start of work on low-power NPP
Uzbekistan: Consumer confidence improves in Aug
Uzbekistan: Uzbekistan’s President declares poverty reduction a nationwide task
Uzbekistan: A number of tax benefits will be abolished in Uzbekistan from 2025
Uzbekistan: Senators approve law on recognition of foreign citizens as undesirable
Tajikistan: Inflation still contained at 3.6% YoY in Aug
Tajikistan: GDP growth strong at 8.2% YoY in 1H
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