Moody's: Lasting peace between Baku, Yerevan to strengthen regional stability

The ongoing normalization of relations between Armenia and Azerbaijan is the most significant positive geopolitical event in Eastern Europe, Central Asia, and the South Caucasus, Report informs referring to the international rating agency Moody's.

A firmer normalization supports regional stability, improves connectivity, and creates new opportunities for trade and transport links across the Caucasus, Moody's added.

However, implementation risks remain, and the durability of recent progress has yet to be evaluated, the agency analysts emphasize.