The long-awaited Zangezur Corridor in Azerbaijan, is set to become a vital transit artery—integrating the Turkic world and revitalising the Middle Corridor trade route stretching from the Far East to Europe according to Türkiye's Trade Minister Omer Bolat.
He made the comment at the Azerbaijan–Türkiye Economic and Cultural Relations Bridge programme in Ankara on Wednesday, saying that Baku's role is an important key partner for Ankara's outreach to Asia.
"As of the first eight months of this year, our trade volume has been improving. Investments, in particular, are very important," explained Bolat.
"Türkiye's largest investment in the world, in terms of the number of businesspeople and companies, is in Azerbaijan. Our largest investment, worth 17 billion dollars, is also in Azerbaijan. Azerbaijan also has approximately 3,000 companies in Türkiye," he added.
Bolat said economic ties between the two countries have grown steadily during his tenure, with energy, infrastructure, and technology sectors leading the way.
The opening of the trade route is expected to transform regional connectivity, further solidify economic integration between Ankara and Baku, and expand trade flows along the East-West axis.
Marvel Studios used its return to San Diego Comic-Con to reveal several major projects, including a new Ghost Rider film starring Ryan Gosling and the...
Brazilian Senator Flavio Bolsonaro has formally launched his campaign to unseat President Luiz Inácio Lula da Silva in October's presidential electio...
Kazakhstan's President Kassym-Jomart Tokayev called on Saturday for Russia and Ukraine to freeze the conflict and return to peace talks, saying a nego...
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
The U.S. military said it completed a fresh wave of strikes on Iran late on Thursday, marking the 13th consecutive night of American attacks. The latest operation lasted more than two hours, according to U.S. Central Command.
Spain has declared a national emergency and evacuated more than 10,000 people after uncontrolled wildfires reached the outskirts of Madrid. Emergency crews have rescued residents as multiple blazes continue to spread across the region.
Powerr had been fully restored across Georgia following a nationwide blackout early on Friday, the country’s state-owned electricity operator, the Georgian State Electrosystem has confirmed.
Six candidates vying to become the next United Nations Secretary-General have called for restoring the organisation's credibility, strengthening multilateralism and reforming the UN, during the first public town hall debate ahead of a decisive Security Council vote next week.
A new state agency wants the world to take Georgian food as seriously as Georgians already do.
Kazakhstan and Uzbekistan have signed regional and commercial agreements worth more than 80 billion tenge ($146 million). The deals aim to expand cooperation between the two Central Asian neighbors in trade, transport, industry and cross-border development.
UN Secretary General António Guterres arrived in Damascus on Saturday for the first trip to Syria by a serving United Nations' chief since 2009, before the start of a civil war that killed hundreds of thousands and displaced millions.
More than 100 Afghan business representatives travelled to Uzbekistan this week for a business forum aimed at expanding trade and investment, as Uzbek investors also expressed interest in Afghanistan’s mining sector.
Kazakhstan's grain sector faces a difficult season as drought reduces harvest prospects while mounting security risks in the Black Sea threaten to redirect cheaper Russian grain into Central Asian markets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment