AGP Executive Report
Last update: an hour agoCentral Bank Watch: Azerbaijan’s Central Bank kept its key interest rate corridor unchanged at 6.5% (5.5%–7.5%), citing inflation dynamics and excess FX supply; it also revised inflation forecasts for 2026–2027 upward amid external price pressures. FX Market: The CBA sold $757m at currency auctions in H1 2026, while purchase-oriented interventions boosted FX reserves by about $2.2bn to roughly $13.8bn, with de-dollarization continuing. Regional Deal-Making: Azerbaijan and Kyrgyzstan signed an alliance agreement after Ilham Aliyev’s visit, including amendments to the Azerbaijan-Kyrgyz Development Fund (capital up to $200m), plus road transport, cargo/shipping, petroleum supplies, energy cooperation and city twinning. Trade Facilitation: Azerbaijan and Iran discussed synchronized vehicle clearance and electronic customs data exchange to speed up border procedures and transit, signing a cooperation protocol. Energy & Infrastructure: Romania floated a plan to revive Caspian gas exports to Europe via Constanța, pointing to Turkmen supply routed through Azerbaijan/Georgia infrastructure. Business Signals: An Azeri hazelnut exporter (Agrarco) boosted H1 export revenues 3.3x on higher global prices despite lower volumes.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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