Kazakhstan and Hungary are set to deepen their collaboration on the Trans-Caspian International Transport Route, a key trade corridor connecting Asia and Europe, Kazakh President Kassym-Jomart Tokayev announced during a joint press conference with Hungarian Prime Minister.
Kazakhstan and Hungary are set to deepen their collaboration on the Trans-Caspian International Transport Route, a key trade corridor connecting Asia and Europe, Kazakh President Kassym-Jomart Tokayev announced during a joint press conference with Hungarian Prime Minister Viktor Orbán in Budapest.
"New opportunities are emerging for infrastructure, logistics, and international trade development. Kazakhstan handles 85% of overland transit shipments between Asia and Europe, and we anticipate shipments along this route to reach 10 million tons in the near future," President Tokayev stated.
During the visit, a pivotal memorandum of cooperation was signed between KTZ Express (Kazakhstan), L.A.C. Holding (Hungary), and Xi'an Free Trade Port Construction and Operation (China).
"This agreement will enhance trade and transport connectivity between our nations and marks another step in strengthening economic ties across the region," added Tokayev.
The Trans-Caspian International Transport Route, also known as the Middle Corridor, serves as an alternative to the traditional Northern and Southern Corridors. Starting in China, the route passes through Central Asian countries such as Kazakhstan, Uzbekistan, and Turkmenistan, crosses the Caspian Sea, and continues through Azerbaijan, Georgia, and Türkiye before reaching Europe.
The Middle Corridor provides a direct land connection between East Asia and Europe, offering a faster alternative to lengthy maritime routes, thereby bolstering regional trade and cooperation.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was st...
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European ...
Armenian Prime Minister Nikol Pashinyan said Yerevan would not object if Russia decided to withdraw its 102nd Military Base from Gyumri, arguing th...
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end and that Tehran wanted to reach a deal, but Iran dismissed his comments as “mixed signals” as the conflict approaches its seventh month.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Armenian Prime Minister Nikol Pashinyan said Yerevan would not object if Russia decided to withdraw its 102nd Military Base from Gyumri, arguing that the facility no longer plays a vital role in Armenia’s security.
Azerbaijan is examining the use of digital technologies to document and protect historical and religious monuments, particularly sites in the liberated territories.
Pakistan and India have lodged protests against each other after their respective naval vessels collided in the North Arabian Sea.
Six months after the strikes that killed his father and left him seriously wounded, Iran’s Supreme Leader Mojtaba Khamenei has remained absent from public view, raising questions over his condition, his ability to govern and how power is being exercised behind the scenes.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment