Categories
South Caucasus

Rent spikes in Georgia and Armenia as Russians flee fearing mobilisation



Categories
South Caucasus

Key indicators of world commodity, stock, and currency markets (13.10.2026)


Current price

Compared to the previous day’s close

Compared to the beginning of the year

Commodity

Brent (USD/barrel)

105.41

1.24

44.56

WTI (USD/barrel)

92.57

1.17

35.15

Gold (USD/ounce)

4,216.60

26.00

– 124.50

Indices

Dow-Jones

51,850.55

195.60

3,787.26

S&P 500

7,807.24

– 4.30

961.74

Nasdaq

27,245.90

– 120.27

4,003.91

Nikkei

69,030.92

0.00

18,691.44

Dax

25,277.68

190.41

787.27

FTSE 100

10,656.28

104.23

724.90

CAC 40 INDEX

7,832.88

29.55

– 316.62

Shanghai Composite

3,797.24

– 16.55

– 171.60

Bist 100

12,150.67

– 115.31

889.15

RTS

896.86

5.72

– 217.27

Currency

USD/EUR

1.1171

0.0000

– 0.0574

USD/GBP

1.3217

0.0000

– 0.0256

JPY/USD

158.2700

– 0.3400

1.8200

RUB/USD

83.9083

– 0.1000

5.1583

TRY/USD

49.3645

0.0700

6.4083

CNY/USD

6.6968

0.0000

– 0.2922


Categories
South Caucasus News

Vallourec secures major pipe supply contract for Azerbaijan’s Absheron gas field


French tubular solutions manufacturer Vallourec has secured a contract with TotalEnergies to supply more than 16,000 tonnes of pipes for the development of Azerbaijan’s Absheron gas-condensate field in the Caspian Sea.

Categories
South Caucasus

Трамп заявил, что Путин заинтересован в сделке по Украине больше Зеленского


Президент США Дональд Трамп считает, что Владимир Путин более заинтересован в урегулировании конфликта в Украине, чем Владимир Зеленский. По его словам, оба президента поддерживают идею…

Categories
South Caucasus

6.4-magnitude earthquake jolts Panama


A 6.4-magnitude earthquake has struck Panama, approximately 32 kilometers southwest of the city of Soná.

According to Report, citing the Institute of Geosciences of the University of Panama, the earthquake’s hypocenter was located at a depth of 5 kilometers.

The epicenter was situated in Panama’s Pacific coastal region, near the provinces of Veraguas and Chiriquí.

The latest earthquake occurred just three days after another powerful seismic event recorded on October 9. On that occasion, a 7.2-magnitude earthquake struck 39 kilometers northwest of Tonosí at a depth of 4 kilometers.


Categories
South Caucasus

IMF Cuts Azerbaijan’s 2026 Growth Forecast to 1.7%


Economy IMF Cuts Azerbaijan’s 2026 Growth Forecast to 1.7%AZE.US – October 13, 2026

Categories
South Caucasus

ADB Approves $302.38 Million Loan for Baku Metro Digital Upgrade


Economy ADB Approves $302.38 Million Loan for Baku Metro Digital UpgradeAZE.US – October 13, 2026

Categories
South Caucasus News

Azerbaijan looks to Southeast Asia to turn its transit routes into trade


Cambodia’s visit to Baku reveals an unusual diplomatic opening. Azerbaijan wants to turn political goodwill into trade, investment and a place in Asia’s wider networks.

Categories
South Caucasus

Ukrainian President Volodymyr Zelenskyy says Russia launched a strike on a power plant in Kharkiv shortly after U.S. President Donald Trump announced an immediate energy ceasefire between Russia and Ukraine. Zelenskyy said the attack showed that Russia was not observing the ceasefire announcement and called for continued U.S. pressure on Moscow to support the agreement.


Ukrainian President Volodymyr Zelenskyy says Russia launched a strike on a power plant in Kharkiv shortly after U.S. President Donald Trump announced an immediate energy ceasefire between Russia and Ukraine.

Zelenskyy said the attack showed that Russia was not observing the ceasefire announcement and called for continued U.S. pressure on Moscow to support the agreement.
Video
 


Categories
South Caucasus

IMF expects Azerbaijan’s economy to grow 2% on average in 2026-2027


The International Monetary Fund (IMF) projects that Azerbaijan’s GDP will grow by 1.7% in 2026 and 2.3% in 2027.

According to Report, citing the IMF’s October outlook, the Fund has lowered its GDP growth forecasts for Azerbaijan by 0.5 percentage points for 2026 and 0.2 percentage points for 2027 compared with its May projections.

Based on the updated estimates, Azerbaijan’s economy is expected to grow by an average of 2% annually over the next two years.

The IMF now forecasts average annual inflation in Azerbaijan at 5.8% in 2026 and 5.6% in 2027. By comparison, its spring projections had put inflation at 6% in 2026 and 4.2% in 2027.

The Fund’s experts also assessed labor market trends, projecting that Azerbaijan’s unemployment rate will remain at 5.3% in 2026, unchanged from 2025, before easing to 5.2% in 2027.

Azerbaijan’s Ministry of Economy expects GDP growth of 1.7% this year and 2.7% next year. Meanwhile, the Central Bank of Azerbaijan (CBA) forecasts economic growth of 0.5% in 2026 and 2.6% in 2027.

According to the Ministry of Economy, average annual inflation will stand at 5.7% in 2026 and 5.3% in 2027. The CBA’s July forecast, meanwhile, projected inflation of 6.1% in 2026 and 5.8% in 2027.