Baku: Azerbaijan and Armenia reportedly agreed on a draft peace agreement in March 2025, although the contents and timescale for signing a treaty are unclear, APA-Economics reports. This development marks a significant step towards resolving longstanding tensions between the two nations.
According to Azeri-Press News Agency, Fitch's assessment suggests that a return to military conflict between Azerbaijan and Armenia is unlikely. This outlook provides a hopeful prospect for sustained peace in the region. Additionally, relations with Russia, a key player in regional geopolitics, are currently stable, further contributing to the positive geopolitical climate.