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.
The third stage of the Tour de France will be closed to spectators on Monday (6 July) after a fast-moving wildfire in southwestern France prompted exc...
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the secon...
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the rac...
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Ba...
Humanoid robots stumbled, collided and recovered as they battled for the RoboCup 2026 football title on Sunday (5 July), showcasing the latest advance...
The third stage of the Tour de France will be closed to spectators on Monday (6 July) after a fast-moving wildfire in southwestern France prompted exceptional safety measures, organisers and local authorities announced.
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the race at Silverstone Circuit.
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank was held alongside a Business Forum. The event brought together government officials, business leaders and experts from across the region.
Humanoid robots stumbled, collided and recovered as they battled for the RoboCup 2026 football title on Sunday (5 July), showcasing the latest advances in robotics and artificial intelligence at the world's largest competition of its kind.
Russia's Defence Ministry has said its forces are clearing the town of Lyman in Donetsk of Ukrainian forces, Moscow's state news agency Tass reported. Meanwhile, Russian attacks killed at least six people across three Ukrainian regions on Friday, regional officials said.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank was held alongside a Business Forum. The event brought together government officials, business leaders and experts from across the region.
Uzbekistan is seeking to expand export and import cargo transportation through Georgia’s Black Sea port of Poti as part of efforts to diversify trade routes and strengthen regional connectivity, the Ministry of Transport said.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Armenia's Constitutional Court on Saturday dismissed legal challenges from opposition parties seeking to annul last month's parliamentary election results, paving the way for Prime Minister Nikol Pashinyan to continue in office.
Kyrgyzstan’s ex-second in command, Kamchybek Tashiev, has been convicted of plotting to overthrow the country’s President Sadyr Japarov. Tashiev and Japarov had ruled the Central Asian nation in tandem since 2020, until the former was unexpectedly ousted in February.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment