More than 50 million tons of cargo growth is expected along the Middle Corridor, and for this purpose, Azerbaijan is making additional investments, Hikmat Hajiyev, Assistant to the President of Azerbaijan said at the 6th Caspian Business Forum held in New York.
Hajiyev mentioned at the 6th Caspian Business Forum, dedicated to the theme 'Connectivity, Finance, and Energy along the Middle Corridor,' that with a cargo capacity of 25 million tons per year, the Port of Baku is expanding its capabilities.
He said the railway project, which extends from Baku to Zangilan and the Armenian border, has been underway since 2020.
“It's expected to be completed in mid-2026. Work is also underway on the 42km Zangezur section located in Armenia, and our partners from the United States are participating here. The third segment covers Nakhchivan," Hajiyev said.
"Additional investments are being made in this area, and we are inviting other international partners, including European countries, to collaborate. To turn the South Caucasus into a space for cooperation is the main goal," Hikmat Hajiyev said.
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The Azerbaijan University of Languages (AUL) hosted the screening of a documentary by AnewZ dedicated to the Belt and Road Initiative and the rising importance of the Middle Corridor in the global economy.
Construction of the Zangezur Corridor in Azerbaijan is set to be completed next year, marking a major step in enhancing regional transport and trade flows, officials said.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Iran’s nuclear ambitions continue to shape regional tensions in the Middle East, particularly among key powers such as Israel and Türkiye, according to political analyst Dr Zaur Gasimov.
Dmitry Medvedev, said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
Iran’s Supreme Leader Ayatollah Ali Khamenei has warned that any U.S. military attack on Iran would spark a wider regional conflict, Iranian semi-official Tasnim news agency reported on Sunday.
Iran's leadership warned of a regional conflict on Sunday (2 February) if the U.S. were to attack it, stoking the tension between Washington and Tehran, and it designated EU armies as "terrorist groups" in a retaliatory move.
Tensions flared on X this week after German MEP Michael Gahler called leaders of Georgia’s ruling Georgian Dream party “Moscow creatures”, criticising recent legislation he says threatens the country’s democratic path.
Repeated violations of international law are casting doubts over the effectiveness of the first phase of the Gaza ceasefire, one political analyst told AnewZ.
The European Union’s decision to approve a new 20 million euro military assistance package for Armenia has raised concerns among regional experts, who warn the move could undermine peace efforts between Armenia and Azerbaijan.
Gaza's Rafah border crossing with Egypt has reopened for the first time in nearly a year, an Israeli security official said on Monday. It will allow limited movement of medical patients and returning residents under the supervision of European monitoring teams who have arrived at the crossing.
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