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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Italy has suspended a long-standing defence cooperation agreement with Israel, marking a sharp shift in relations as tensions in the Middle East escalate.
There are cautious signs of progress towards peace, as negotiating teams from the U.S. and Iran consider returning to Islamabad later this week to resume talks aimed at ending the Gulf conflict.
A fresh international effort to safeguard the Caspian Sea has received a significant boost after the World Bank approved funding for a wide-ranging environmental programme aimed at reversing years of ecological damage.
Kazakhstan has reported a sharp fall in oil production, with both output and exports declining in the first quarter of the year, according to government officials. The drop is now affecting the structure of economic growth, even as the country records 3% GDP growth.
At a time of deepening global polarisation, rising conflict and shrinking space for dialogue, Pakistan is stepping into a historic role. Diplomatic engagements in Islamabad, bringing together regional powers amid the Iran crisis, signal both urgency and opportunity.
U.S. President Donald Trump warned that any Iranian ships approaching ports in the Strait of Hormuz would be "immediately eliminated" on Monday, as the U.S. started its blockade.
Afghanistan’s Foreign Ministry said on Sunday that talks with Pakistan had been positive, while Türkiye stressed the importance of stronger ties between Kabul and Islamabad.
The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threatened to retaliate against its Gulf neighbours' ports after talks in Islamabad on ending the war broke down at the weekend.
Centre-right Peter Magyar's Tisza Party has won a landslide in Hungary after a night of counting in the Hungarian election. Viktor Orbán has conceded defeat after 16 years in power. "We have done it. Tisza and Hungary have won this election", Magyar said to cheering supporters in Budapest.
There are cautious signs of progress towards peace, as negotiating teams from the U.S. and Iran consider returning to Islamabad later this week to resume talks aimed at ending the Gulf conflict.
A fresh international effort to safeguard the Caspian Sea has received a significant boost after the World Bank approved funding for a wide-ranging environmental programme aimed at reversing years of ecological damage.
Kazakhstan has reported a sharp fall in oil production, with both output and exports declining in the first quarter of the year, according to government officials. The drop is now affecting the structure of economic growth, even as the country records 3% GDP growth.
Economic cooperation could play a key role in advancing the Azerbaijan-Armenia peace process, but persistent trust deficits, political uncertainty in Armenia, and regional geopolitical tensions continue to challenge its long-term sustainability, an analyst said.
An Indian healthcare provider plans to invest $50 million in diagnostic and pharmaceutical projects in Uzbekistan’s Namangan region, aiming to expand access to advanced medical services between 2026 and 2028.
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