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The EU plans to mobilise up to €12 billion ($13.8 billion) in public and private investment to strengthen the Middle Corridor, a key trade route connecting Central Asia and the South Caucasus with European markets.
European Commission President Ursula von der Leyen recently announced the initiative as part of the EU’s push to strengthen international transport links. The project is being developed under the Global Gateway initiative and aims to diversify trade routes between Europe and Asia while strengthening connections across the Caspian region.
The investment is expected to support infrastructure along the route, with the EU aiming to triple trade flows by 2030 and significantly cut transport times for goods moving between the regions.
The European Commission also plans to hold a regional summit on transport connectivity with Bulgarian Prime Minister Rumen Radev.
The Middle Corridor, also known as the Trans-Caspian International Transport Route, runs from China to Europe viaKazakhstan, the Caspian Sea, Azerbaijan, Georgia and Türkiye, bypassing Russian territory.
Kazakhstan is a crucial link along the route, connecting Central Asian markets with the Caspian Sea and onward transport routes to Europe.
The corridor combines rail, road and maritime transport. It is used mainly for containerised and general cargo, including industrial equipment, electronics, consumer goods, agricultural products and metals.
Oil and petroleum products are also transported along the route, including Kazakh exports shipped across the Caspian Sea to Azerbaijan and onwards.
The different branches of the corridor stretch for around 6,000 kilometres, including approximately 700-800 kilometres across the Caspian Sea.
After reaching Baku, the route splits in two main directions. One continues through Georgia and Türkiye by rail, while the other passes through the Georgian ports of Poti and Batumi before continuing by sea to Europe.
The European Commission has previously said developing the route could create a modern transport link between Europe and Asia, with cargo delivery times of up to 15 days.
Under Global Gateway, investment is expected to cover not only railways, roads, ports and logistics centres, but also digitalisation, trade facilitation and greater compatibility between transport systems.
For the European Union, the project is part of a broader effort to diversify transport links with Asia. For countries along the route, particularly Kazakhstan, it could strengthen their position in the expanding Eurasian transport network and boost trade connections between Central Asia and European markets.
Evacuations and the provision of humanitarian aid in the Russian-occupied southern Ukrainian town of Oleshky have begun, a senior Ukrainian official said on Friday. In a statement on Telegram, David Arakhamia said a six-day ceasefire was holding, and that more details would follow.
Qatari mediators returned to Tehran on Friday as part of efforts to reach a deal between the U.S. and Iran, according to an official briefed on the talks.
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Hackers have pulled off a staggering $6.3 billion cryptocurrency heist targeting Binance, shaking confidence in one of the world's biggest digital asset exchanges and sending crypto prices tumbling. U.S. analysts suspect North Korea was behind the attack.
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
Opium poppy cultivation in Afghanistan surged by 330 per cent in 2026 despite a four-year ban, the United Nations said on Thursday. Afghan authorities disputed the findings, while Japan urged continued support for farmers seeking alternative livelihoods.
Central Asia could gain up to $640 million a year from closer energy cooperation, but strained electricity grids threaten to limit those gains, with Kazakhstan particularly exposed to regional power shortages and growing pressure on its network.
Georgia and Azerbaijan are stepping up efforts to boost trade, strengthen transport links between Asia and Europe and resolve a longstanding border dispute, as both countries seek to deepen their strategic partnership.
People travelling between Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Azerbaijan could soon be able to pay for purchases using their usual banking apps. Central banks from the five countries are working on linking their national payment systems.
You can download the AnewZ application from Play Store and the App Store.
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