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.
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The UK is experiencing potentially record-breaking temperatures after forecasters confirmed some areas reached highs close to 34°C on Monday.
Farmers in Sudan say the war involving Iran is pushing up fuel and fertiliser prices, forcing many to cut back on planting and threatening food production in a country already struggling with widespread hunger.
The U.S. military has said it carried out defensive strikes in southern Iran after boats were seen laying mines in the Strait of Hormuz. Meanwhile, U.S. Secretary of State Marco Rubio said peace talks could drag out for several more days while the language of a deal is finalised.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 25th May, covering the latest developments you need to know.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
Azerbaijan Railways (ADY) resumed passenger services between Baku and Tbilisi on 25 May, with the first train departing Baku Railway Station at 23:10 local time after a six-year suspension caused by the COVID-19 pandemic.
For the first time in decades, Armenia has rail access to the EU. The Akhalkalaki–Kars corridor, running through Georgia into Türkiye, is now officially open for Armenian cargo - a quiet but consequential shift in the region’s economic geography.
The Kremlin warned on Monday that Armenia could lose the “very attractive” price it pays for Russian gas if it moved away from integration with Russia and deepened ties with the European Union.
Uzbekistan has unveiled its final squad for the 2026 FIFA World Cup, marking the country’s first appearance at football’s biggest tournament. The national team, led by Italian head coach Fabio Cannavaro, will compete at the tournament hosted by the U.S., Canada and Mexico.
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