Peace deal between Azerbaijan, Armenia could come as early as H124 - Fitch Solutions

Peace deal between Azerbaijan, Armenia could come as early as H124 - Fitch Solutions
# 02 February 2024 15:23 (UTC +04:00)

"We believe a peace deal between Azerbaijan and Armenia could come as early as H124," says a forecast Fitch Solutions regarding Azerbaijan, APA-Economics reports.

"We think it highly likely that a peace deal will include provisions for greater Azerbaijani control over the creation of the Zangazur Corridor to its enclave of Nakhchivan.

Following a successful military operation in Garabagh in September 2023, Azerbaijan has reasserted its dominance over the fractious breakaway region, bolstering its regional security in the short-to-medium term. The dissolution of the self-proclaimed Nagorno-Garabagh Republic in January 2024 underscores this dynamic," Fitch Solutions added.

"We expect incumbent President Ilham Aliyev to win the February 2024 presidential election comfortably. There are little to no signs suggesting that President Ilham Aliyev's political power will be challenged in a meaningful way," FS says.

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