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Uzbekistan and Azerbaijan are deepening their economic and political ties, with joint ventures increasing fivefold and trade turnover tripling in just five years, signaling a new strategic phase in bilateral cooperation.
According to Uzbekistan’s ambassador to Azerbaijan, Bahrom Ashrafkhanov, the number of joint ventures between the two countries has grown fivefold, highlighting a rapid expansion in economic collaboration. Speaking at the second session of the Azerbaijan-Uzbek expert council, he noted that Uzbekistan now hosts 540 companies with Azerbaijani capital, while about 70 Uzbek enterprises operate in Azerbaijan. Key projects include automotive production, textile and silk-growing clusters, as well as gypsum board and jewelry manufacturing.
Trade turnover has reached $255 million—three times the volume of five years ago—with the aim to boost it to $1 billion. A 20-point cooperation program has been adopted, focusing on green energy exports to Europe via Azerbaijan and the development of strategic transport corridors.
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
Ukraine says it will seek almost $44 billion from Russia to cover the climate damage caused by wartime emissions, marking the first attempt by any nation to bill an aggressor for its carbon footprint during conflict.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
The cancellation of the long-anticipated Georgia–EU Human Rights Dialogue — just days before it was set to take place — has ignited a political storm that neither side seems prepared to extinguish.
At least 25 Palestinians have been killed in four Israeli airstrikes on Wednesday in a part of Gaza under Hamas control since a shaky ceasefire took effect in October, local health authorities said.
Armenian President Vahagn Khachaturian’s official visit to Georgia is testimony to a rapidly strengthening partnership between the two neighbouring state following the initialling of the Armenia–Azerbaijan peace agreement.
The governments of Uzbekistan and Turkmenistan have launched a new visa-free border trade zone at Shavat–Dashoguz that allows mutual visa-free movement for their citizens.
At the Kazakhstan - Estonia business forum, companies from both countries signed 11 commercial agreements totalling more than $517 million.
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