Azerbaijani President, Armenian PM to hold peace talks in Abu Dhabi on 10th July
Azerbaijani President Ilham Aliyev will meet with Armenian Prime Minister Nikol Pashinyan as part of the ongoing peace process between the two countri...
During President of Uzbekistan Shavkat Mirziyoyev’s visit to Budapest, Uzbekistan and Hungary agreed on over €1.5 billion in new joint projects and outlined further cooperation in trade, finance, and culture.
President of Uzbekistan Shavkat Mirziyoyev and Hungarian Prime Minister Viktor Orbán held high-level talks in Budapest, focusing on deepening strategic partnership and expanding economic cooperation.
Both leaders confirmed the preparation of new joint initiatives and investment projects worth more than €1.5 billion. These will build on the current portfolio of over $500 million and cover sectors such as finance, infrastructure, agriculture, and manufacturing.
They discussed the growing trade turnover and set a short-term target of €500 million, supported by import substitution mechanisms and EU GSP+ trade preferences. Agreements include the accreditation of Uzbek laboratories to EU standards and the launch of pre-certification programs for exports.
Hungary’s OTP Bank was highlighted as a key partner in entering Uzbekistan’s market, with plans to establish a joint venture for auto loans and SME support. A major poultry cluster is also under development in Syrdarya region.
Further cooperation includes the planned creation of a Hungarian-managed industrial zone in Uzbekistan for European manufacturers and the adoption of an Investment Partnership Program at the upcoming Intergovernmental Commission meeting in July.
Cultural and educational exchange is also expanding, with plans to declare 2026 the Year of Uzbek and Hungarian Culture, stage the ballet Lazgi in Hungary, and exhibit Uzbek heritage in Budapest. Cooperation in higher education will continue under the Stipendium Hungaricum program, alongside potential joint degrees and university branches in Uzbekistan.
To ensure implementation, a bilateral roadmap will be developed by relevant ministries. At the close of the meeting, President Mirziyoyev invited Prime Minister Orbán to pay an official return visit to Uzbekistan.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Azerbaijani President Ilham Aliyev will meet with Armenian Prime Minister Nikol Pashinyan as part of the ongoing peace process between the two countries, the President’s press service announced. Pashinyan’s spokesperson confirmed that the PM will travel to the United Arab Emirates on Wednesday.
Energy integration between Azerbaijan and Europe, along with opportunities to increase gas supplies was discussed during Energy Minister Parviz Shahbazov’s visit to Slovenia, at the invitation of Minister of Environment, Climate and Energy Bojan Kumer.
Türkiye’s foreign and defence ministers will travel to Pakistan on Wednesday to meet Prime Minister Shehbaz Sharif for talks on bilateral relations and defence cooperation, a Turkish diplomatic source said.
Kazakhstan will seek to protect its national interests in talks with the United States after receiving notice of new import tariffs due to take effect from 1 August, its trade ministry said on Tuesday.
Another Russian Transport Ministry official has died on Monday. Andrey Korneichuk, 42, who worked for the Federal Agency for Rail Transport, passed away amid news about the alleged suicide of former Russian Transport Minister Roman Starovoit.
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