Azerbaijan

Hawkish Iran helped stop larger Azerbaijani attacks says Armenia

bne IntelIiNews February 1, 2023

As heavily armed Baku turns screw on Yerevan in ongoing confrontation, Tehran’s position is described as “music to Armenia’s ears”.

Gunman storms Azerbaijan’s Tehran embassy, kills head of security

Baku correspondent Cavid Aga January 27, 2023

Video shows attacker breaking into guard post armed with Kalashnikov assault rifle. Baku not happy with Tehran's explanation of events.

EU authorises another monitoring mission to Armenia-Azerbaijan border

bne IntelliNews January 24, 2023

Civilian mission marks a new phase in the EU's engagement in the South Caucasus.

OUTLOOK 2023: South Caucasus

Robert Anderson in Prague, Cavid Aga in Baku, Mack Tubridy in Tbilisi January 19, 2023

There is a high risk of a renewed outbreak of fighting between Azerbaijan and Armenia, and only a slight chance of a peace deal that settles the status of the ethnic Armenian enclave of Nagorno-Karabakh within Azerbaijan.

EBRD invests record €13.1bn into its region in 2022

bne IntelliNews January 15, 2023

The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.

Mutual FDI in Eurasia has been dominated by Russia, but war and sanctions make the outlook uncertain

Ben Aris in Berlin January 6, 2023

Mutual FDI stock in the Commonwealth of Independent States (CIS) countries grew fast until Russia went into recession in 2012, when its GDP growth sank to zero. However, it soon started to recover, with Russia playing the leading role in the region.

Kazakhstan moves uranium exports through Middle Corridor

Joanna Lillis for Eurasianet January 4, 2023

Kazatomprom said it was avoiding routes across Russia due to sanctions on the country.

PANNIER: How Putin may have leant on Turkmenistan to spike gas-for-Europe plan

Bruce Pannier December 19, 2022

President Berdimuhamedov may have put Turkish counterpart Erdogan’s nose out of joint by shelving pipeline interconnector proposal.

Nagorno-Karabakh faces a bleak midwinter as Azerbaijan maintains blockades

Ani Mejlumyan in Yerevan December 16, 2022

Self-proclaimed environmental demonstrators from Azerbaijan have blocked the road in Lachin, which is the only overland link between Armenia and Nagorno-Karabakh.

Start of a new super cycle – fat and flat for 2023?

Ben Aris in Berlin December 15, 2022

The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.

IMF: Global food prices to remain elevated amid war, costly energy, La Niña.

Ervin Prifti . December 14, 2022

Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,

Analysts say Turkmenistan told US diplomats ‘it’s not interested’ in Caspian gas-to-Europe connector project, wants major pipeline

Will Conroy in Prague December 13, 2022

Ashgabat said to be signalling that “it won’t get out of bed for anything less”.

IMF: Riding the global debt rollercoaster

Vitor Gaspar Paulo Medas and Roberto Perrelli for the IMF December 13, 2022

Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.

Democracy 18: Azerbaijan's rising left-wing political movement

Cavid Aga in Baku December 9, 2022

Ahmad Mammadli thinks post-war Azerbaijan is fertile ground for new, radical political movements. However, he also fears his arrest might be a harbinger of a new wave of political repression.

Azerbaijan's State Oil Fund reports over $5bn in losses from asset management and FX in first nine months

Cavid Aga in Baku November 29, 2022

SOFAZ reported losses from asset management of $2.659bn, or 5.7% of its value, as well as extra-budgetary expenses amounting to $2.46bn, largely due to exchange rate appreciation.

Pashinyan refuses to sign CSTO declaration after bloc's failure to help Armenia

Ani Mejlumyan in Yerevan November 25, 2022

Getting the CSTO to send military assistance to Armenia and to condemn Azerbaijan's attacks were two of Yerevan's fundamental demands going into the summit.

Relaunch of Russian gas supplies to Azerbaijan raises questions about Baku-Brussels deal

bne IntelliNews November 22, 2022

Russia’s Gazprom announced on November 18 it would deliver up to 1bn cubic metres of natural gas to Azerbaijan between now and March under a new contract with the latter country’s state-owned oil firm SOCAR.

EBRD warns of risk of 'zombification'

Robert Anderson in London November 22, 2022

Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.

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