top of page
Online Payment
Bets on for who will be next pope
14.02.2013 09:55
As soon as Pope Benedict XVI announced he was resigning at the end of February, British bookmakers were giving betting odds on his possible successor.

There are 118 eligible members of the College of Cardinals who can attend the Papal Conclave in March to choose the next Bishop of Rome from among their numbers.

And while some predictions have been accurate вЂ" Joseph Ratzinger was widely tipped by bookmakers in 2005 вЂ" no-one anticipated his predecessor Karol Wojtyla’s surprise election in 1978.

Dear User, please take into the consideration the fact that all news are posted to our portal automatically by the system and no human factor is used to estimate the content of information, therefore if you consider this article non-ethical, offensive, illegal or incorrect, we kindly ask you to inform us about this issue.
Important news
Popular news
  • Leyla Aliyeva attends opening of children's handicrafts exhibition
    26.11.2015 22:49
    Baku, Azerbaijan, Nov. 26Trend:The Heydar Aliyev Foundation has organized an exhibition of the talented children's handicrafts.Vice-president of the Heydar Aliyev Foundation Leyla Aliyeva has attended the opening of the exhibition.The exhibition displayed drawings and other works of the talented...
  • Turkmenistan, Germany to expand ties in high technologies
    27.11.2015 13:30
    Ashgabat, Turkmenistan, Nov. 27By Huseyn Hasanov- Trend:Ashgabat hosted the Turkmen-German Forum, organized by the Chamber of Commerce and Industry of Turkmenistan and the Delegation of German Economy in Central Asia.Heads and leading specialists of the ministries, departments, banking institutions ...
  • OSCE strongly condemns attacks on journalists in Bakuв's Nardaran
    27.11.2015 13:10
    OSCE Representative on Freedom of the Media Dunja Mijatović strongly condemned today's attacks on journalists during a police raid against members of a radical group in the village of Nardaran, on the outskirts of Baku, OSCE website reported.According to reports, unidentified assailants atta...
  • Foreign Ministry: Russian TV channel distorted information about Azerbaijan
    27.11.2015 12:28
    Baku, Azerbaijan, Nov. 27Trend:Azerbaijani Foreign Ministry's Spokesman Hikmet Hajiyev said a television program called "Turkish Grin: Why did the "Grey Wolves" Kill the Russian Pilot", aired Nov. 26 by Russia's state channel Russia24, mentioned Azerbaijan on the basis of incorrect and ficti...
  • Shootout in Iran; police officer killed
    27.11.2015 10:49
    Baku, Azerbaijan, Nov. 27By Temkin Jafarov - Trend:A shootout occurred in the Iranian city of Babolsar, resulting in death of a local police officer.Iranian news agency Fars reported Nov. 27 that the incident took place as the police were trying to inspect a suspicious car in the Bahanmir Square in ...
  • Azerbaijan urges Eastern Partnership countries to combat terrorism
    26.11.2015 18:26
    Baku, Azerbaijan, Nov. 26Trend:Azerbaijan has urged the Eastern Partnership countries to cooperate in combating all forms of terrorism.Azerbaijani Foreign Minister Elmar Mammadyarov made such a statement at a meeting of foreign ministers of the Eastern Partnership countries Nov. 26.Story still devel...
  • In the name of God, yes but which God?
    26.11.2015 16:39
    By Claude Salhani- Trend:Many of us saw the horrific video of a Russian military search and rescue helicopter being hit full force by a US-made TOW anti-tank missile fired by "moderate" Islamists affiliated with the plethora of Syrian opposition fighters. As the Russian craft exploded shouts of "God...
  • Armenian government oppresses village residents
    27.11.2015 15:31
    /By AzerNews/

    By Laman Sadigova

    Unbelievable and shocking case happened in Armenia when local banks decided to announce the bankruptcy of the whole village.

    The situation in the country is so catastrophic that the corrupted government is ready to resort to any measures only to clean up more money.

    The economic situation in the country forces population to run abroad with a hope on a better life. Now, extremely poor people still left in Armenia for various reasons, are "locked in the cage" with greedy and criminal government.

    The Armenian officials, despite the deplorable situation in the country, does nothing to improve it and to increase people's level of life. The country's population is starving while the corrupted authorities live in their big houses built on stolen money.

    Villagers in Armenia has no other source of income but only selling their harvest, in particular, grapes. Earlier, when situation was not as critic as now, the local people took credits that helped them to make business.

    The villagers mainly processed table grape, which is exported to Russia every year. Last year, the purchase price of grapes ranged from 300 to 350 drams. But this year, they were purchased for 120-130 AMD.

    But now, they simply cannot pay the bills back and the government instead of help destines them to even a worse fate.

    For the sake of small sums of money Armenian banks are ready to declare bankrupt the entire village and leave its every resident homeless.

    "90 percent of the residents have unpaid credits and nobody can pay them,'' the local residents say.

    People in poor villages have no money to buy bread and demand the banks to show understanding. But the bank representatives continue to assert that the credit should be returned, threatening that they will address the court to get their money back.

    Devastated and angry residents have decided to protest against the banks and organizations that provide loans after they promised people to leave them homeless.

    The residents of Arevik Pshatavan, Alashkert and other villages refuse to pay the loans referring to their insolvency.

    They believe that banks and credit organizations see only one way to return money -- to recognize the village a bankrupt via the court, depriving people of their homes.

    Some villagers claim that the courts have no rights to make such massive decisions. Moreover, they are convinced that the Compulsory Enforcement Service will not be able to find such human resources to expel the peasants out of their homes.

    Situation in Armenia is only heating up as the population shows no trust to the officials. Country is bursting from protests and words about change in the government are sounded more often.

    Locals are sure that the courtв's decision will be in favor of banks in corrupted Armenia and the court will confiscate their property via the auction.

    People cannot make ends meet as the crisis in Armenia breaks all the records.

    Armenian population massively leaves the country as they find no opportunity to work and live here. The countryв's greedy and corrupted government does nothing to improve situation and give people at least a chance for a better live. The corrupted authorities suppress every effort to establish honest business and to stabilize the situation in Armenia.

    Armenia has limited economic resources due to the aggressive policy towards its neighboring country, which left the country blocked and weak.

    While every third of the population live below the poverty line and now, the countryв's officials want to finally ''break'' its own population, pushing them headlong into debts.
  • EU to allocate 100M euro to Georgia
    27.11.2015 15:30
    Baku, Azerbaijan, Nov. 27

    By Anakhanum Khidayatova - Trend:

    The European Commission has adopted a new assistance package for Georgia totalling euro;100 million. The money will support reforms related to the EU-Georgia Association Agreement and agreements on mobility, the European Commission said Nov. 27.

    The new package will additionally support Georgia in meeting its reform objectives in the sectors of public administration, agriculture and rural development. It will help to promote an active civil society, assist key Georgian institutions in implementing the Association Agreement and advance Georgia's visa liberalisation process with the EU.

    The three main priorities of the current programming period (2014-2017) are: Public administration reform; agriculture and rural development; justice reform.

    In June 2014 the EU and Georgia signed an Association Agreement, which includes a Deep and Comprehensive Free Trade Area (AA/DCFTA). The Agreement significantly deepens political and economic ties with the EU in the framework of the Eastern Partnership.

    Additionally, respect for democratic principles, human rights and fundamental freedoms, constitute essential elements of this new generation Association Agreement. In addition, mobility of persons is high on the EU-Georgia agenda, particularly through implementation of the Visa Liberalisation Action Plan (VLAP) and Readmission Agreement.

    The Eastern Partnership is the EU project aimed at developing the integration relations of the EU with six former USSR countries - Azerbaijan, Armenia, Belarus, Georgia, Moldova and Ukraine.

    Follow us on Twitter @
  • Azerbaijan expects high FDI, expert says
    27.11.2015 15:21
    /By AzerNews/

    By Aynur Karimova

    The foreign direct investments in Azerbaijan's economy are expected to grow in the future, an expert believes.

    Nariman Agayev, the Chairman of the Center for Sustainable Development Research, explains it with political and economic stability in the country

    "Foreign countries are investing in Azerbaijan's non-oil sector, in particular, in the sectors such as information and communication technologies, production of construction materials, road infrastructure, Azerkosmos JSC and others," he told local media. "Major investors into the Azerbaijani economy are Asian countries, some European countries, in particular, the Czech Republic, Germany, as well as economic giants such as China and Japan."

    The expert believes that Azerbaijan remains attractive for investors from different countries as the country guarantees a high level of repayment on investment.

    Political and macroeconomic stability, the protection of investors' rights, a favorable geographical location, rich natural resources, and a highly skilled workforce have turned Azerbaijan, the largest nation of the South Caucasus, into one of the fastest developing countries in the world.

    Due to an attractive and stable investment climate and a unique macroeconomic situation in an otherwise tumultuous financial crisis for the rest of the world, foreign investors are flocking to various sectors of the Azerbaijani economy.

    At an early stage of the country's independence, foreign investments were mainly concentrated in the oil sector of the economy. But today the volume of foreign investments in the non-oil sector is increasing.

    The government takes necessary measures and improves business and investment climate in the country to draw foreign investments in its economy.

    The amount of foreign capital inflow into Azerbaijan in the form of direct investments totaled roughly $8 billion in 2014.

    The State Statistics Committee of Azerbaijan reported that the total volume of foreign investments in fixed assets of the country amounted to 5.6 billion manats in January-October 2015, increasing by 41.03 percent compared to the same period of 2014.

    Some 82.9 percent (4.65 billion manats) of investments made by foreign countries and international organizations in Azerbaijan's economy accounted for investors from Great Britain, Norway, Turkey, the U.S., Iran, Russia, Japan and Malaysia.
  • Iran outlines most important issue in settling Syrian crisis
    27.11.2015 15:08
    Baku, Azerbaijan, Nov. 27

    By Temkin Jafarov - Trend:

    Iranian Deputy Foreign Minister Hossein Amirabdollahian said the most important issue in the settlement of the Syrian crisis is to determine President Bashar Assad's political status.

    "The third round of talks on the settlement of the Syrian crisis will be held in two or three weeks," IRNA quoted him as saying Nov. 27. "The talks will be held in either in Vienna or Paris."

    Earlier on Nov. 15, about 20 countries gathered in Vienna, Austria to continue talks aimed at finding a political solution to the Syrian crisis.

    The attending sides were the US, the UK, Russia, Iran, Turkey, China, Egypt, Iraq, Saudi Arabia, UAE, Qatar, Oman, Lebanon, Jordan, France, Italy, Germany, as well as the European Union, and the United Nations.

    Amirabdollahian said his country continues to support the talks on the political solution of the crisis.

    "Some countries say Assad should step down, but we say the decision should be taken by the Syrian people, no one can decide for them," he stressed.

    Amirabdollahian went on to add that Iran is not going to allow other countries to decide on the Syrian people's future political fate.

    "We all have to work to create conditions for the Syrian people for them to successfully fight terrorism," he stressed.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • Heydar Aliyev Foundation VP attends Latvian artistsв' exhibition
    27.11.2015 15:08
    Baku, Azerbaijan, Nov.27


    The exhibition of Latvian artists, entitled "Different Sea. One World" that features the works of famous Latvian artists Alexei Naumov, Kristaps Zarins and Andris Vitolins opened at the Heydar Aliyev Center Nov.26.

    Vice-president of Heydar Aliyev Foundation Leyla Aliyeva visited the exhibition taking place within Latvia Days under the slogan "Feel Latvia".

    The opening ceremony was addressed by the first deputy director of the Heydar Aliyev Center Adil Karimli, Minister of Economy of Latvia Dana Reizniece-Ozola and Latvia's ambassador to Azerbaijan Juris Maklakovs.

    Naumov is a well-known master of landscape and an outstanding representative of modern Latvia plain air painting. He is currently the rector of the Art Academy of Latvia. He had more than 60 solo exhibitions and attended more than 40 joint exhibitions.

    Zarins is the vice rector and professor at the Art Academy of Latvia. He had several solo exhibitions in Latvia and other countries. His works are in various museums in Latvia and Russia and in private collections in Europe.

    Andris Vitolins is recognized as one of the representatives of industrial painting. So far, he has opened more than 10 solo exhibitions and attended more than 40 joint exhibitions.

    The exhibition will last till late February 2016.

    Follow us on Twitter @
  • Suspected of Paris terrorist attacks fled to Syria
    27.11.2015 15:08
    Baku, Azerbaijan, Nov. 26


    The main suspect in organizing the terrorist attacks in Paris Salah Abdeslam left the territory of Belgium and, perhaps, fled to Syria, RIA Novosti reported with reference to Het Laatste Nieuws newspaper.

    Earlier, the media reported that Abdeslam fled to Germany, but this information has not been officially confirmed.

    Abdeslam is considered the main suspect in organizing the terrorist attacks in Paris on November 13.

    Follow us on Twitter @
  • Fitch: Uzbekistan's banking sector stable, but external pressures increases
    27.11.2015 14:49
    Baku, Azerbaijan, Nov. 27

    By Aygun Badalova- Trend:

    Outlook for Uzbekistan's banking sector remains stable, supported by strong state-led investment and still high domestic consumption, Fitch Ratings said in a report on November 27.

    "However, lower commodity prices, most notably for oil and cotton, a slowdown in major CIS trading partners and a drop in remittances from Russia may put pressure on Uzbekistan's economy," Fitch said.

    Asset quality of the country's banks' is adequate with impaired loans averaging a moderate 4.7 percent of total loans and reserve coverage at a comfortable 90 percent at end-2014, according to the report.

    Fitch expects asset quality metrics at end-2015 to be broadly in line with end-2014, given the so far limited impact on Uzbekistan's operating environment of negative external trends.

    Capitalisation has been stable (with an equity/assets ratio of 10.1 percent and an equity/loans ratio of 15.4 percent at end-2014), due to regular capital injections from the state, the report said.

    According to Fitch estimates, the available capital buffer is sufficient to increase loan impairment reserves by nine percent on average, which in most cases would be sufficient to withstand a moderate stress. "However, this should be viewed against the sector's recent rapid loan growth and only modest internal capital generation (return on average equity of 12 percent in 2014). Banks' capital positions in 2015 have been supported by equity contributions from the government and reduced loan growth," Fitch stressed.

    The banking sector's liquidity risk is mitigated by a generally high share of liquid assets (above 20 percent at end-2014) and a comfortable loans-to-deposits (including state-dedicated funds) ratio of 94 percent at end-2014, according to the report.

    "Liquidity buffers have remained adequate in 2015, supported by the limited refinancing needs of the sector and sticky customer accounts," Fitch said.

  • Delay in implementation of BTK railway project is legal
    27.11.2015 14:40
    Baku, Azerbaijan, Nov. 27

    By Seba Aghayeva - Trend:

    The delay in the implementation of the Baku -Tbilisi- Kars railway project is legal in nature and connected to the problems faced by the company engaged in its construction, Turkish Foreign Minister Mevlut Cavusoglu said at a joint press conference with his Azerbaijani counterpart in Baku Nov. 27.

    "Tbilisi will host a meeting of foreign ministers of Azerbaijan, Turkey and Georgia in December," he said. "The foreign ministers will visit the construction site and review the situation."

    Baku-Tbilisi-Kars railway is being constructed on the basis of a Georgian-Azerbaijani-Turkish intergovernmental agreement.

    Azerbaijan allocated a loan of $775 million for the construction of the railway's Georgian section.

    The State Oil Fund of the Republic of Azerbaijan (SOFAZ) finances the project in accordance with the Azerbaijani president's decree 'On the implementation of the Baku-Tbilisi-Kars project activities', dated February 21, 2007.

    A new 105-kilometer branch of the railroad is being constructed as part of the Baku-Tbilisi-Kars project. In addition, the railway's Akhalkalaki-Marabda-Tbilisi section is under reconstruction in Georgia that will increase its capacity to 15 million metric tons of cargo per year. A depot is under construction in Akhalkalaki for the transition of trains from the existing tracks in Georgia to the European ones.

    The peak capacity of the corridor will be 17 million metric tons of cargo per year. At the initial stage, this figure will be equal to one million passengers and 6.5 million metric tons of cargo.

    Follow us on Twitter @
  • Turkmenistan, Malaysia expand trade-economic co-op
    27.11.2015 14:39
    Ashgabat, Turkmenistan, Nov. 27

    By Huseyn Hasanov- Trend:

    A business forum was held in Kuala Lumpur with the participation of the state and business circles of Turkmenistan and Malaysia, the Turkmen government said.

    The forum was designed to strengthen and expand the trade-economic cooperation between the two countries.

    The Malaysian National Chamber of Commerce and such large industrial companies of the country as Jimah Enerji Ventures Sdh Bhd, Petronas, Premium Vegetable Oils Sdn Bhd, Seri Makaya Travel attended the event.

    The most promising areas of the mutually beneficial cooperation were discussed. Among them are investing in high-tech spheres of economy (energy, communication, transportation and processing industry), as well as the processing of agricultural products and food industry.

    Among the relevant areas are also banking and city planning.

    "The cooperation with Petronas Charigali is an example of the effective implementation of the existing potential of partnership in the fuel and energy sector. Petronas Charigali actively participates in the joint projects in the Caspian Sea," said the government's message.

    "During the business forum, the participants discussed the possibilities of increasing the volume of trade turnover between the two countries," said the message.

    Diplomatic relations between Turkmenistan and Malaysia were established in 1992. Currently, 15 bilateral documents create the legal framework for cooperation between the two countries.

    Turkmenistan's interest in developing ties with Malaysia first of all is related to the operation of this country's Petronas Charigali company in the Turkmen sector of the Caspian Sea since 1996.

    This company started commercial production and export of oil in Turkmenistan in May 2006. The produced crude is transported through Azerbaijan. The natural gas production has also become possible in recent years.

    Edited by SI

    Follow us on Twitter @
  • Crisis hits airline in Armenia
    27.11.2015 14:27
    /By AzerNews/

    By Laman Sadigova

    Armenia's only airline company Air Armenia has been announced bankrupt after only two years of operation.

    No business lasts long in this poor and corrupted post-Soviet country with a scaring number of migration and growing inflation.

    The Yerevan court of administrative districts admitted Air Armenia joint stock company a bankrupt on the basis of the claim by HSBC Bank Armenia.

    Air Armenia has become second bankrupt airline after Armavia, former national carrier of post Soviet country, which ceased its activities in 2013 because of low profitability.

    The current tragic situation in the Armenian aviation sector is a well known reality. The country drove itself in a situation when it is blocked from every side due to its aggressive policy towards its neighboring country. In fact, it isolated itself from regional projects, economic growth and foreign investments. It can be said that it almost does not need an airport as nobody comes there.

    Also, due to the ill-conceived economic course of the government, the country is sinking in debts and lacks any opportunity to get rehabilitated.

    The member of the Subcommittee on Aviation of the Armenian Public Council Levon Kazaryan believes that the companyв's debts amounting to $16 million will not allow it to carry out flights.

    The company does not have enough money or property to ''survive''. As for the investor (Ukrainian Fund for East Prospect Fund owns a 49 percent stake of the airline), Ukraine faces crisis by itself and will hardly allow funding organizations in other countries when it is in such a difficult situation.

    This is not a single case in this poor post-Soviet country, where crisis touches almost every sphere. Several thousands of small and mid-scale business companies have been closed in Armenia over one year, but the government does nothing to change the desperate situation.

    High unemployment rates seems never ending problem for Armenia, pushing mass migration from the country. People seek for a better life abroad, and those who cannot leave, try to "survive" in the harsh Armenian realities but not all manage to do it.

    The official statistics say that there are about 70,000 SMEs in Armenia, including 58,000 micro and small businesses. Although they account for 43 percent of Armenia's GDP, and their contribution to overall tax revenues is about 5-6 percent.

    Also, foreign companies and investments estimate Armenia as unreliable partner and stop investing money in it. In the first half of this year, foreign investment in the Armenian economy decreased three-fold compared to the same period last year '" from $180 million to $65 million.

    Even Russia, Armeniaв's biggest ally, decreases its ''donations.'' While the volume of direct investment from Russia amounted to $88 million last year, it could hardly overcome a bar of $7 million this year.

    Much leaves to be desired in Armenia. The country needs first to get rid of the criminal oligarchy and to draft a normal economic model of state to improve the current deplorable situation the nation is in.
  • Azerbaijani movie awarded at cinema festival in India
    27.11.2015 14:10
    /By AzerNews/

    By Amina Nazarli

    ''Bloody January" film by Azerbaijani filmmaker Vahid Mustafayev has received an award at the 46th International Film Festival of Goa, India.

    The film tells the story of the events during the night of January 19 to 20, 1990, when the Soviet Army started hostilities against Azerbaijan, without declaring an emergency situation. As a result of the crime, 132 people were killed, 612 people injured and 841 people illegally arrested. Hundreds of buildings were destroyed; the state and citizens suffered huge material damage.

    This terrible page of the struggle of the Azerbaijani people for independence, seen through the eyes of two brothers: communist and KGB officer Najaf Narimanov and former officer of the Soviet army in Afghanistan Mehdi Narimanov converted into revolutionary democrat.

    The Festival is organized by the Directorate of Film Festivals (DFF), Information and Broadcasting Ministry, Government of India in collaboration with the State Government of Goa and the Indian Film Industry.

    The Festival aimed to provide a common platform for the cinematography of the world to project the excellence of the film art and promote friendship and co- operation among people of the world.

    Translated into English, Russian and other languages, the film has been presented at many international festivals.

    Recently, it was screened in the 39th Mostra International Film Festival held in Sao Paulo and was awarded in the 39th Montreal World Film Festival 2015.
  • Plane bumps into towing vehicle in Iran
    27.11.2015 14:09
    Baku, Azerbaijan, Nov. 27


    A plane, which was to fly to Iranian city of Najaf from Tehran, crashed into a towing vehicle at the Imam Khomeini Airport Nov. 27.

    Iranian news agency Mehr reported that the accident occurred when the towing vehicle was pulling an aircraft of the Huma Airline on the Tehran airport's runway.

    The plane's hull was damaged as a result, and the flight was delayed for 10 hours.

    No passenger was injured in the accident.

    Reportedly, it wasn't possible to repair the damage inflicted to the plane, therefore 300 passengers were delivered to Najaf on another aircraft.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • No obstacle for Azerbaijanв's agricultural products supply to Russia
    27.11.2015 14:02
    /By AzerNews/

    By Nigar Orujova

    The problem with supply of agricultural products from Azerbaijan to Russia, caused by the introduction of tolls on federal highways for trucks weighing over 12 tons, is completely eliminated, Deputy Minister of Economy and Industry, Sahib Mammadov toldВ TrendВ on November 27.

    ''More than 120 wagons, out of 180 wagons with agricultural products, which are on a cargo station Derbent, have already been unloaded,'' said Mammadov, who is currently in Derbent.

    The Azerbaijani delegation headed by the deputy minister went to Derbent to resolve problems with the supply of agricultural products from Azerbaijan.

    ''Work continues around the clock, and the remaining 60 cars will be unloaded until tomorrow. Most of the cargo consists of persimmon, and the rest are apples.''

    The deputy minister noted that a small part of the production has deteriorated due to downtime given that these agricultural products are perishable goods.

    ''Prime Minister of Dagestan Abdusamadov Gamidov assured that all measures are taken, and work is underway to prevent similar incidents in the future. The issue is being discussed not only at the government level of Dagestan, but also at the level of the Russian government,'' Mammadov noted.

    Azerbaijanв's agricultural exports, which are of great interest to Russia, faced obstacles on the border due to the introduction of fees on the federal highways of Russia for trucks weighing over 12 tons.

    Fees for trucks weighing more than 12 tons entered into the force in Russia from November 15. Protests of truckers across the country started from November 11. The situation returned to normal after a meeting of the Prime Minister of Dagestan with truckers, who went on strike.

    High quality Azerbaijani products have been in demand in neighboring countries for quite some time; however, the country did not previously have the capacity to export these products in large quantities.

    The share of Azerbaijani goods in Russiaв's total import is 0.26 percent, while the figure is 2.2 percent among the imports from the CIS countries.

    Today, based on the agreements reached in last summer, Azerbaijan has significantly increased the supply of agricultural products including fruits and vegetables to Russia.

    Azerbaijanв's opportunities to export to Russian market can also rise from the next year, as Russia will ban importing Ukrainian food products from January 2016.
  • Joining EEU not attractive for Iran
    27.11.2015 14:01
    /By AzerNews/

    By Aynur Karimova

    Iran will not join the Eurasian Economic Union of Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia as this organization is not attractive for Tehran, Behrooz Abdolvand believes.

    ''The Union is not attractive enough for a membership. The economy of Iran is very dynamic and needs more than a membership in a Union,'' the research director at Berlin Centre for Caspian Region Studies told Trend.

    Earlier, Mahmoud Vaezi, Iranв's Communications Minister and Co-chairman of the Russian-Iranian intergovernmental commission said that Iran is interested in joining the EEU and it can happen in 2-3 years.

    Also, Russian President Vladimir Putin said during his last visit to Tehran that the EEU will start considering the possibilities of establishing a free trade zone with Iran.

    Abdolvand noted that a membership in the EEU is not an advantage for the Iranian economy, but on the contrary would be devastating for Iran, as the sanctions against Russia will grow in the future.

    Meanwhile, Abdolvand did not exclude the possibility of a generous cooperation between Iran and the EEU.

    The EEU is an international organization for regional economic integration among Russia, Belarus Kazakhstan, Armenia and Kyrgyzstan. The Union provides free goods movement, capital, services and labor, pursues coordinated, harmonized and single policy in the sectors determined by the EEU Treaty and international agreements of the Union.

    With four members on board the Union is aimed to comprehensively upgrade, raise competitiveness and cooperation between the national economies, and promote stable developments in those countries.

    Kamran Dadkhah, economist and expert on Iran at the US Northeastern University, also claims that the EEU has nothing but loss to offer to the Iranian economy.

    He toldВ TrendВ that an economic union or free trade zone will benefit its members if it is between reasonably equal countries with common economic and perhaps political interests, however Iran has no common economic or political interests with the EEU members.

    The EEU unites five member states of the former Soviet Union with Russia dominating it economically and politically.

    The expert believes that if Iran joins the Union, the only beneficiary would be Russia.

    "The reasons for Iranian officials raising the possibility of joining the Union are purely political. It is a symbolic gesture toward Russia,'' he added.
  • Turkmen president approves state budget for 2016
    27.11.2015 13:47
    Ashgabat, Turkmenistan, Nov. 27

    By Huseyn Hasanov- Trend:

    The President of Turkmenistan Gurbanguly Berdimuhammadov has approved the state budget for 2016.

    Income in the amount of 102.478 billion Turkmen manats and expenditures in the amount of 104.878 billion Turkmen manats have been approved in the budget, as well as income in the amount of 18.205 billion Turkmen manats and expenditures in the amount of 20.605 billion Turkmen manats have been approved in the first level budget.

    The budget deficit ceiling of Turkmenistan for 2016 in the amount of 2.4 billion Turkmen manats has also been established.

    The source of budget deficit repayment is the remains of budgetary funds as of January 1, 2016, according to the document

    The official rate of the Turkmen manat to 1 US dollar remains at 3.50 Turkmen manats since January 2015.

    The law says that wages, pensions, state allowances and scholarships are the protected articles of expenditures of the state budget of Turkmenistan.

    Follow us on Twitter @
  • Turkmenistan, Germany to expand ties in high technologies
    27.11.2015 13:30
    Ashgabat, Turkmenistan, Nov. 27

    By Huseyn Hasanov- Trend:

    Ashgabat hosted the Turkmen-German Forum, organized by the Chamber of Commerce and Industry of Turkmenistan and the Delegation of German Economy in Central Asia.

    Heads and leading specialists of the ministries, departments, banking institutions of the two states, the Union of Industrialists and Entrepreneurs of Turkmenistan, as well as large German companies took part in the business forum.

    Forum participants expressed their positions representing mutual interest in the fields of energy, transport and logistics infrastructure development, chemical industry, engineering, agriculture, construction and production of construction materials, health care and pharmaceutical industries.

    Issues of building partnership in the area of '‹'‹high technology and electrical engineering became a separate topic of the meeting. Directions of further cooperation between the banks of the two states in the prospective were discussed at the plenary session devoted to the possibilities of the German financial system.

    Over 160 joint investment projects in different areas of the Turkmen economy have been implemented to date and are underway to be implemented. In addition, branches and representative offices of more than 60 businesses with German capital operate in Turkmenistan.

    Follow us on Twitter @
  • Azerbaijanis burying police officers killed by terrorists in Nardaran
    27.11.2015 13:29
    Baku, Azerbaijan, Nov. 27


    The police officers, killed by terrorists during a special operation in the township of Nardaran, are being buried today in the second Alley of Honor in Baku, Azerbaijan.

    Two police officers - Vugar Nasibov and Ismayil Tagiyev were killed Nov. 26 in the operation in Nardaran.

    Story still developing

    Follow us on Twitter @
  • Czech police arrest Interpol-wanted Turk linked to terrorists
    27.11.2015 13:24
    The Czech police detained, in a road check on Tuesday, a 30-year-old Turk who was Interpol-wanted because he is convicted of a crime with a terrorist subtext but shuns serving his jail sentence, the Police Presidiumв's spokeswoman Jana MacalГ­kovГЎ told the Czech News Agency today, according to Prague post.

    Czech Interior Minister Milan Chovanec said the arrest of the man shows the effectiveness of the security measures Prague has taken after the Paris terrorist attacks.

    According to unofficial information, there are no links between the man detained in the Czech Republic and the attacks in Paris.

    The officers from the emergency and escort department of the Hradec KrГЎlovГ© Regional Police Directorate detained the man on Tuesday morning.

    Regional police spokeswoman Ivana JeЕѕkovГЎ told ?TK that the man was arrested around 15:00 on Tuesday on a road in the regional center Hradec KrГЎlovГ©.

    ''While detained, he put up no resistance. The police operation was smooth, without any complications,'' JeЕѕkovГЎ said.

    /By AzerTac/
  • Azerbaijan, Turkey have very good relations at all levels, says FM
    27.11.2015 13:10
    Baku, Azerbaijan, Nov.27

    By Seba Aghayeva - Trend:

    Azerbaijan and Turkey have very good relations at all levels and it will continue this way, Turkish Foreign Minister Mevlut Cavusoglu said Nov.27.

    Cavusoglu made the remarks during the meeting with his Azerbaijani counterpart Elmar Mammadyarov.

    Turkish foreign minister also expressed his condolences regarding the events that took place in Baku Nov.26, as a result of which two policemen were killed.

    "We condemn all forms of terrorism," he added.


    Follow the author on Twitter: @Asebaa

    Story still developing

    Follow us on Twitter @
  • OSCE strongly condemns attacks on journalists in Bakuв's Nardaran
    27.11.2015 13:10
    OSCE Representative on Freedom of the Media Dunja Mijatović strongly condemned today's attacks on journalists during a police raid against members of a radical group in the village of Nardaran, on the outskirts of Baku, OSCE website reported.

    According to reports, unidentified assailants attacked a cameraman with the ITV public broadcaster during a police operation in Nardaran. The cameraman was beaten and his equipment damaged. A crew with the private ATV channel was also assaulted during the raid, with the crew's car having been attacked and its driver beaten.

    "These are unacceptable acts of violence against members of the media," Mijatović said. "Journalists must be able to report in a free and safe manner on events of public importance, and their safety must be ensured."

    "I trust that the authorities will do their utmost to investigate this assault thoroughly and bring the perpetrators to justice," Mijatović said.

    Follow us on Twitter @
  • Turkish company to finish building locomotive depot in Turkmenistan
    27.11.2015 13:09
    Ashgabat, Turkmenistan, Nov.27

    By Huseyn Hasanov- Trend:

    Turkmenistan's Railway Transport Ministry plans to sign a contract with Turkish Ozerli Construction Industry and Trade Ltd company for finishing the construction of a locomotive depot at Bereket station.

    The contract will also envisage the equipment and commissioning of the depot.

    The corresponding decree was signed by Turkmenistan's President Gurbanguly Berdimuhammadov.

    It is planned to start the construction work in December 2015 and commission the facility in March 2017, according to the document.

    The document has been signed in order to further develop the country's railway transport sphere and bring the Gyzylgaya-Bereket-Etrek railway into line with international standards.

    Turkmenistan has been strengthening its position as an important transit and transport hub of regional and continental importance in recent years.

    In this regard, commissioning of Uzen-Gyzylgaya-Bereket-Etrek-Gorgan (Kazakhstan-Turkmenistan-Iran) in early December 2014 is one of the important factors.

    Edited by SI

    Follow us on Twitter @
  • Boat carrying Syrian refugees sinks off Turkish coast
    27.11.2015 13:09
    Baku, Azerbaijan, Nov.27

    By Rufiz Hafizoglu - Trend:

    A boat carrying Syrian refugees sank off Turkey's Aegean Sea coast, Anadolu agency reported Nov.27.

    Reportedly, 55 people were aboard.

    Turkish Coast Guard has detected dead bodies of four children in the sea.

    Currently, a search is underway for the passengers and crew of the boat.


    Follow the author on Twitter: @rhafizoglu

    Follow us on Twitter @
  • Unresolved conflicts hinder cooperation in region, Azerbaijani FM
    27.11.2015 12:50
    /By AzerNews/

    By Sara Rajabova

    Azerbaijanв's Foreign Minister Elmar Mammadyarov has said unresolved conflicts seriously impede cooperation in the region.

    Mammadyarov addressed the 6th Eastern Partnership Informal Ministerial Dialogue held in Tbilisi on November 26, Azertac news agency reported.

    ''Conflict resolution is definitely the weakest brick in the wall of cooperation. We are working on the proposal put forth by the Russian side on behalf of the OSCE Minsk Group co-chairs,'' the minister said.

    He said the withdrawal of Armenian occupying forces from the occupied territories of Azerbaijan, return of IDPs, people-to-people contacts between Azerbaijani and Armenian communities of Nagorno-Karabakh region of Azerbaijan are all important elements that are needed to focus on.

    ''We all are united in the view that unresolved conflicts seriously impede cooperation in the region,'' Mammadyarov said.

    Armenia captured Nagorno-Karabakh and seven surrounding regions from Azerbaijan in a war that followed the Soviet breakup in 1991. More than 20,000 Azerbaijanis were killed and nearly 1 million were displaced as a result of the war.

    Large-scale hostilities ended with a Russia-brokered ceasefire in 1994 but Armenia continued the occupation in defiance of four UN Security Council resolutions calling for immediate and unconditional withdrawal. Peace talks mediated by Russia, France and the U.S. have produced no results so far.

    Furthermore, speaking about the recent developments happening in the world, the minister said many things changed since Riga Summit, such as tragic events in Paris, developments on the Syrian border.

    ''We must cooperate to fight terrorism in all its forms and manifestations. This is of utmost importance. We welcome the differentiation approach as has been announced in ENP review document,'' he said.

    Mammadyarov went on to say that there should also be a balance between addressing the challenge of migration and human rights issues, fundamental freedoms versus anti-radicalism and it is also important to curb the rise of Islamophobic tendencies in Europe.

    ''We, as EaP partners constantly hear criticism with regard to human rights issues in partner states. But how is about EU itself? The civil society forum should also highlight critical human rights issues in EU member states as well, if we are seriously considering mutual ownership,'' he said.

    Mammadyarov further highlighted the role of energy in modern world, noting it will be an important area of cooperation with EU.

    ''The work on the Southern Gas Corridor is proceeding smoothly. We expect the gas from Azerbaijan to reach Europe at the end of 2018 or early 2019. That said EU's overall support is important for the SGC to be realized in a timely manner,'' he said.

    Mammadyarov further noted that transport - another important area of cooperation.

    He said the Silk Road (Silk Wind) initiative by Azerbaijan, Turkey and Georgia is important not only for BAku, but also for EU that wishes to intensify cooperation with Central Asia. ''This transport corridor will link Europe to this region via Azerbaijan, Georgia and Turkey and even further eastwards to China.''
  • Russia made proposal on settling Karabakh conflict
    27.11.2015 12:50
    Baku, Azerbaijan, Nov. 27

    By Seba Aghayeva - Trend:

    Russia made proposals on settling the Nagorno-Karabakh conflict, said Azerbaijan's Foreign Minister Elmar Mammadyarov Nov. 27 at a press conference held after talks with his Turkish counterpart Mevlut Cavusoglu.

    He said the proposals were presented during Russian FM Sergey Lavrov's visit to Azerbaijan.

    "It was also proposed to hold a meeting between the presidents of Azerbaijan and Armenia, and we have agreed. We expect this meeting to happen soon," he said.

    Story still developing

    Follow us on Twitter @
  • US - obstacle for OPEC, non-OPEC states deal
    27.11.2015 12:39
    Baku, Azerbaijan, Nov. 27

    By Aygun Badalova - Trend:

    OPEC will reiterate its previous policy and may even keep oil production targets unchanged at the upcoming meeting on December 4, Charles Ellinas, oil market expert, Executive President, Cyprus National Hydrocarbons Company (CNHC) believes.

    "But that does not mean a lot as at present the target is 30 million barrels per (mb/d) day but they are actually producing about 32 mb/d," Ellinas told Trend.

    Twelve members are preparing to hold 168th Ordinary OPEC Meeting on Dec.4 in Vienna, Austria.

    According to the current quota, OPEC members have agreed on 30-mb/d ceiling level together, however, according to the Cartel's latest monthly report, OPEC's output at October stood at 31.383 mb/d, some 256,500 barrels less than September.

    However, according to OPEC's report, estimated demand for OPEC crude in 2015 remains at 29.6 mb/d, an increase of 0.6 mb/d over the previous year. In 2016, demand for OPEC crude is forecast at 30.8 mb/d, around 1.2 mb/d higher than in the current year.

    OPEC Secretary-General Abdullah al-Badri has recently said that non-OPEC members should shoulder the burden of balancing the market and cutting supply when prices are high.

    Ellinas however does not believe the cooperation between OPEC and non-OPEC countries could be real, and the US is the reason for that.

    "In the US shale oil production is commercially driven and not controlled by government. As soon as prices go up shale oil production will also go up, thus affecting oil prices," Ellinas.

    Russia has also made it clear that they will not reduce production, he added.

    OPEC oil basket price has decreased from $108 per barrel in 1H14 to below $40 currently.

    Follow us on Twitter @
  • Famous Russian designer to open Azerbaijan Fashion Week
    27.11.2015 12:30
    /By AzerNews/

    By Amina Nazarli

    For the first time the celebrity Russian designer, Igor Chapurin, will show his collection in Baku, in the framework of the Azerbaijan Fashion Week, held between November 30 and December 4.

    The Russian designer will open the first day of the fashion show, to be held at the Ballroom of Boulevard Hotel at 20:00.

    During the four-day show, the audience will have the opportunity to see the collections both of national and international brands such as Libas Couture, Leyla Ahmadova, Samidel, Alena Serebrova, Math Homme, Datuna, Ugly, Salle de Mode, Bernard Chandra.

    The second day of Azerbaijan Fashion Week will be highlighted by mono show of famous Spanish brand Rosa Clara.

    Art show by Leyla Akhmedova '' Heritage of Azerbaijan'' will be held at 19.00 on December 3.

    Azerbaijan Fashion Week runway shows will close the fashion show of famous French designer - Bernard Chandra.

    M.A.C Cosmetics will provide make up services. The famous companies make up artists have a wide backstage and fashion collaborations experience on the main Fashion Weeks all over the world.

    M.A.C has a wide geographical presence of its stores in Russia amp; CIS region, since 2013 the brand opened four stores in Azerbaijan.

    The stylists of the renowned French brand Ambassade dela Beaute, opened in Baku in 2010, will make the hairstyle of models at the Fashion Week.

    Ambassade de la Beaute which has the beauty centers in New York, Milano, Paris, and Hong Kong is an active participant of Fashion Weeks in Milano and Paris. In October 2015 Ambassade de la Beaute took over the backstage of Arab Fashion Week held in Dubai.

    For press enquiries please email or call 0099470 2434543. For more detailed information one can visit

    The first big international fashion project, featuring young local and international talents in the exclusive fashion shows is focused on creating the opportunities for the talented designers.

    Azerbaijan Fashion Week is held twice a year- May and November, and attended by influential fashion-industry experts.

    The main purpose of the Fashion Week is to highlight the growing fashion industry in Azerbaijan and create the opportunity for the talented designers to showcase their potential.

    Media partners are
  • Smugglers in Iran make $20B a year
    27.11.2015 12:29
    Baku, Azerbaijan, Nov. 27

    By Temkin Jafarov - Trend:

    Illegal actions of smugglers in Iran bring them over $20 billion a year, according to Habibollah Haqiqi, head of Campaign against Smuggling of Goods and Foreign Currency.

    "The smugglers' illegal actions also prevent to create about two million new jobs in the country," IRNA quoted Haqiqi as saying Nov. 26.

    "Experts say $1 billion make it possible to open up to 100,000 new jobs," he added.

    Haqiqi further said the smugglers illegally bring poor quality medicine and cosmetic products to Iran, thus creating certain threat to the population's health.

    Iranian authorities have previously said that fuel, currency, household accessories, clothing and mobile phones are most of all smuggled into Iran.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • PACE Committee urges Armenia to leave Azerbaijani lands
    27.11.2015 12:29
    Baku, Azerbaijan, Nov. 27

    By Elmira Tariverdiyeva - Trend:

    PACE Political Affairs Committee adopted a draft resolution based on a report prepared by parliamentarian Milica Markovic with regard to the Sarsang reservoir, located in Azerbaijani lands occupied by Armenia.

    A message posted on the PACE website Nov. 27 read that adopting the draft resolution, the parliamentarians said the lack of regular maintenance work for over 20 years on the Sarsang reservoir poses a danger to the whole border region.

    The parliamentarians emphasised that the state of disrepair of the Sarsang dam could result in a major disaster with great loss of human life and possibly a fresh humanitarian crisis.

    In view of this urgent humanitarian problem, the Committee requested the immediate withdrawal of Armenian armed forces from the region concerned, thus allowing access by independent engineers and hydrologists to carry out a detailed on-the-spot survey and international supervision of the irrigation canals, the state of the Sarsang and Madagiz dams, the schedule of water releases during the autumn and winter, and aquifer overexploitation.

    PACE added that the parliamentarians also requested the Armenian authorities to cease using water resources as tools of political influence or an instrument of pressure.

    The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.

    The two countries signed a ceasefire agreement in 1994. The co-chairs of the OSCE Minsk Group, Russia, France and the US are currently holding peace negotiations.

    Armenia has not yet implemented the UN Security Council's four resolutions on the liberation of the Nagorno-Karabakh and the surrounding regions.

    Follow us on Twitter @
  • Foreign Ministry: Russian TV channel distorted information about Azerbaijan
    27.11.2015 12:28
    Baku, Azerbaijan, Nov. 27


    Azerbaijani Foreign Ministry's Spokesman Hikmet Hajiyev said a television program called "Turkish Grin: Why did the "Grey Wolves" Kill the Russian Pilot", aired Nov. 26 by Russia's state channel Russia24, mentioned Azerbaijan on the basis of incorrect and fictitious information.

    "The program, on the basis of incorrect and fictitious information, mentions Azerbaijan, distorts information on Armenian aggression and occupation of Azerbaijani lands, the military criminal acts and crimes against humanity, committed on large scale by Armenia against Azerbaijani soldiers and civilians," said Hajiyev Nov. 27.

    He said those who prepared this program, which mentions Azerbaijan on the basis of absolutely erroneous and biased information, are aiming at harming relations between Azerbaijan and Russia, which are friendly and brotherly countries.

    Follow us on Twitter @
  • Azerbaijani, Latvian ministers mull cooperation opportunities
    27.11.2015 12:11
    /By AzerNews/

    By Amina Nazarli

    Azerbaijan`s Minister of Energy Natig Aliyev has met Minister of Economics of Latvia Dana Reizniece-Ozola in Baku, in the framework of the Latvian Days running in Azerbaijan from November 23 to December 12.

    The Azerbaijani minister highlighted the importance of economic cooperation.

    Aliyev also spoke of the contributions of energy field to economy of the country.

    He underlined the importance of regional and global projects realized with the country`s participation and stressed the role of Azerbaijan in ensuring the energy security of Europe.

    The energy minister also touched upon the Southern Gas Corridor project.

    Reizniece-Ozola, in turn, said her country was interested in benefiting from the energy resources of Azerbaijan.

    As part of the Latvian Days, the Azerbaijani-Latvian business forum was held on November 25, gathering about 20 Latvian companies, operating in ICT, food production, logistics, economy, medicine and pharmacy, tourism, education, design and architecture, and the production of organic fertilizers.

    In this framework, Bakuв's Heydar Aliyev Center is also hosting an exhibition, featuring the works of famous Latvian artists Alexei Naumov, Kristaps Zarins and Andris V?toli?ЕЎ entitled "Different Sea. One World," which will last until February 29.

    Moreover, Bakuв's Grandezza shopping center opened its doors for the fashion show by the Latvian designer on November 26, enabling the Azerbaijani fashion-mongers to acquire the best works of Latvian designers without leaving the country.
  • Azerbaijan, China to boost infrastructure projects co-op
    27.11.2015 12:10
    Baku, Azerbaijan, Nov.27

    By Maksim Tsurkov - Trend:

    Azerbaijan and China have agreed to strengthen the interstate cooperation in infrastructure projects, finance, communications, Xinhua news agency reported.

    The agreement was reached during the meeting between Azerbaijan's Prime Minister Abid Sharifov and China's Vice-Premier Wang Yang in Beijing, according to the report.

    The sides also expressed willingness to take the advantage of the opportunities provided by the lsquo;One Belt, One Road' project of the Chinese government. The project is aimed at supporting and promoting the implementation of promising and cost-effective international commercial and infrastructure projects in Asia, Europe and adjacent regions.

    Moreover, Beijing hosted the 5th meeting of Azerbaijan-China intergovernmental commission on trade and economic cooperation.

    The meeting was co-chaired by Abid Sharifov and China's Vice-Minister of Commerce Zhong Shan.

    During the meeting, the sides focused on the current economic relations and prospects for the further cooperation between the two countries in trade and economic sphere, including in the spheres of transport, energy and agriculture.

    Azerbaijan and China signed a protocol following the meeting.

    The trade turnover between the two countries stood at $462.24 million in Jan.-Oct. 2015 and $416.78 million of this volume accounted for the import to Azerbaijan, according to the State Customs Committee of Azerbaijan.

    Edited by SI


    Follow the author on Twitter: @MaksimTsurkov

    Follow us on Twitter @
  • Iranв's groundwater resources may disappear due to inefficient agricultural methods
    27.11.2015 11:59
    Baku, Azerbaijan, Nov. 25

    By Khalid Kazimov - Trend:

    The groundwater resources may disappear in Iran if the current level of consumption of water continues in the country, the deputy head of Iranian Department of Environment, Esmail Kahrom told Trend Nov. 25.

    Kahrom said the country wastes a considerable amount of water, by not using modern methods of irrigation. According to Iranian Ministry of Energy the country annually receives about 420 million meter cubic of water through different types of precipitation while agricultural sector consumes about 92-94 percent of the received water.

    Meanwhile only two percent is used for drinking and about four percent is used in industrial sectors, the official said.

    According to a report by World Resources Institute, the world's demand for water is likely to surge in the next few decades.

    Below is the latest data on the renewable water resources per capita in the world:

    According to the United Nations Educational, Scientific and Cultural Organization (UNESCO) Iran ranked fifth after India, China, USA and Pakistan on the list of the top groundwater-abstracting countries as of 2010.

    Criticizing the traditional methods of irrigation of lands which leads to the excessive consumption of water, Kahrom urged for applying the modernized methods of irrigation such as drip irrigation, sprinkler systems and other available methods which are widely used in the world.

    The official concluded that excessive water use for agriculture is leaving rivers, lakes and underground water sources dry in many irrigated areas.Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • Armenians violated ceasefire with Azerbaijan 105 times throughout the day
    27.11.2015 11:48
    The situation on the contact line between Azerbaijan and Armenia has remained tense as the Armenian Armed Forces shattered ceasefire a total of 105 times throughout the day, Azerbaijan`s Defense Ministry said.

    Armenian armed forces, located in Armenia's Voskevan, Dovekh, Barekamavan villages of Novemberyan region, Mosesgekh village of Berd region, nameless hills of Krasnoselsk region, subjected to fire the positions of Azerbaijani armed forces located in Gaymagli,Gushchu Ayrim, Kamarli villages of Gazakh region, Agdham, Alibeyli, Kokhanebi villages of Tovuz region.

    The ceasefire was also violated in Talish, Gulustan villages of Goranboy region, Chilaburt, Goyarch, Yarimcha,Chayli, Giziloba villages of Tartar region, Shikhlar, Kangarli, Novruzlu, Yusifjanli, Marzili, Shirvanli, Javahirli villages of Aghdam region, Kuropatkino village of Khojavand region, Garakhanbayli, Horadiz, Ashaghi Seyidahmadli, Ashagi Abdurrahmanli, Gorgan, Ashaghi Veysalli villages of Fuzuli region, Mehdili village of Jabrayil region, as well as in nameless hills of Khojavand, Fuzuli and Jabrayil regions.

    The enemy was silenced with a retaliatory fire.

    In view of the operational situation, Azerbaijani armed forces carried out 107 strikes on enemy positions.

    /By AzerTac/
  • Erdogan makes bold statement regarding resignation
    27.11.2015 11:47
    Baku, Azerbaijan, Nov.27

    By Rufiz Hafizoglu - Trend:

    Turkish President Recep Tayyip Erdogan said that if Russia proves that his country buys oil from the IS terrorist group (ISIL or ISIS), he will resign, Hurriyet newspaper reported Nov.27.

    Turkey primarily buys Russian oil and this country's authorities are aware of that, said Erdogan.

    "If Russia thinks Turkey buys oil from terrorists, it should prove that," said the president.

    Earlier, Russian authorities accused Ankara of purchasing oil from the IS.

    Moreover, Moscow has demanded an apology from Turkey for the incident with Russian SU-24 bomber. Commenting on this, Erdogan said that Turkey won't apologize to Russia for this incident.

    He added that Russia itself should ask for apology from Turkey. The Turkish Air Force shot down the Russian SU-24 bomber in its airspace Nov. 24. Both pilots managed to eject and the plane crashed on the territory of Syria.

    Relations between Russia and Turkey have deteriorated after the incident.

    Edited by SI


    Follow the author on Twitter: @rhafizoglu

    Follow us on Twitter @
  • Latvian designers present their masterpieces in Baku
    27.11.2015 10:50
    /By AzerNews/

    By Amina Nazarli

    Bakuв's Grandezza shopping center opened its doors for the fashion show by Latvian designers on November 26.

    Now Azerbaijani fashion-mongers have a chance to purchase best works of Latvian designers not leaving the country.

    Attending the event Latvian Ambassador to Azerbaijan Yuris Maklakovs, Latvian Minister of Economy Dana Reizniece-Ozola noted that the fashion industry like culture and economy brings the peoples closer.

    The guests enjoyed the women clothing collection by three known Latvian designers such as Coo Culte, Narciss and AnnaLed. YAYOI accessories, anamp;angel dishes and hand made candles by MunioCandela also aroused the interest of the participants.

    The collection of the designers was recently presented in the framework the Baku Fashion Week 2015.

    Anna Led is one of the elite brands in the Latvian fashion industry, which is characterized by the excellent quality and fit, clean shapes and refined style. The new collection of the brand contains intrigue and unusual decoration.

    Narciss brand also presented its new collection, which has been inspired by the fathomless depths of the Baltic Sea which is differing from its subtle femininity.

    Collection of European Coo Culte brand include cocktail and evening dresses, which are created in the corporate style -- feminine, luxurious, with a barely noticeable share of expression.

    Azerbaijan is hosting exciting Latvian Days under the slogan ''Discover Latvia! Feel Latvia!'' from November 23 to December 12.The event featuring Latvian culture and its national cuisine well incorporated with economic, cultural and artistic elements targets strengthening cooperation between the two states.

    In this framework, the Azerbaijani-Latvian business forum and a reception dedicated to the 97th anniversary of the proclamation of the Latvian Republic were held on November 25.

    Moreover, Bakuв's Heydar Aliyev Center is hosting an exhibition, featuring the works of famous Latvian artists Alexei Naumov, Kristaps Zarins and Andris V?toli?ЕЎ entitled "Different Sea. One World," which will last until February 29.
  • Shootout in Iran; police officer killed
    27.11.2015 10:49
    Baku, Azerbaijan, Nov. 27

    By Temkin Jafarov - Trend:

    A shootout occurred in the Iranian city of Babolsar, resulting in death of a local police officer.

    Iranian news agency Fars reported Nov. 27 that the incident took place as the police were trying to inspect a suspicious car in the Bahanmir Square in Babolsar.

    During the inspection, five people in the car opened fire at the police, severely wounding an officer, who later died of the injuries.

    Reportedly, the perpetrators managed to flee the scene, but they were all later apprehended.

    A criminal case has been launched into the incident.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • "Swan Lake" to be staged in Baku
    27.11.2015 10:41
    /By AzerNews/

    By Laman Sadigova

    The Azerbaijani State Academic Opera and Ballet Theatre in Baku will host the fifth edition of the "Swan Lake" play by Pyotr Tchaikovsky in December.

    The performance will be attended by the Prime of Belarusian Bolshoi Theatre, People's Artist, the winner of gold medals and first prizes in four international ballet competitions Olga Gayko and the winner of the Grand Prize of the Special Fund of the Belarusian, laureate of international ballet competitions Igor Onoshko.

    Olga Gayko and Igor Onoshko are among the most popular ballet dancers in Europe. They have performed in London, Paris, Amsterdam, Munich, Zurich, Tokyo, Berlin and many other cities of the world with the great success.

    In 2010, after the performance at the International Festival of Ballet Art in Tokyo the dancers were awarded a special prize for the best performance of the leading parties in the performance of the "Swan Lake".

    The "Swan Lake" is a romantic ballet in four acts. The story of the ballet is based on a German fairy tale. It is about a prince named Siegfried. He falls in love with the Swan princess, Odette. She is a swan by day, but a young woman at night. She is under a magic spell that can only be broken by a man who will make a promise to love her for all time. Siegfried makes the promise. He is tricked though by the magician who cast the spell. The ballet ends with the deaths of Siegfried and Odette.
  • Iran police recruit 30,000 women for border checks
    27.11.2015 10:39
    Baku, Azerbaijan, Nov. 27

    By Temkin Jafarov - Trend:

    Iranian police have recruited 30,000 women to ensure monitoring and check-ups at the country's border checkpoints.

    The recruitment of new women police officers comes with regard to the increasing number of pilgrims traveling from Iran to Iraq, IRNA quoted Lotfali Pakbaz, border guard commander in Iran's Ilam province, as saying Nov. 27.

    Pakbaz, saying most of the problems at border checkpoints have been solved, noted that some 100,000 people are expected to daily travel from Iran to Iraq for pilgrimage.

    Edited by SI

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • New strategy to make Azerbaijan tourist attractive year-round
    27.11.2015 10:29
    /By AzerNews/

    By Nigar Orujova

    Azerbaijan with a unique nature and picturesque landscape is keen to promote year-round tourism, and its new strategy may be helpful in this regard.

    Creating favorable investment environment and solving problem of seasonality remain the priorities for the tourism development in Azerbaijan.

    "Formation of a favorable investment environment and addressing seasonality through certain reforms are primary planned with a view to the development of tourism in the coming years," Deputy Minister of Culture and Tourism Nazim Samadov believes.

    Samadov noted that in this regard the ministry has undertaken a number of tasks, which imply expanding tourist relations with foreign countries, increasing the number of hotels and tourism companies, creating tourism infrastructure in accordance with international standards, as well as integrating the Azerbaijani tourism market in the world market.

    The ministry improves the tourism legislation regularly for the development of tourism in the country.

    The updated draft law ''On Tourism'' is now at the stage of consultation with the relevant agencies, he added.

    ''This document will provide for applying internationally applied mechanisms in a form adapted to Azerbaijan with an objective to study tourism opportunities of Azerbaijan in-depth, analyze the current situation and resolve existing problems in the sphere of tourism,'' said Samadov.

    He added that the draft Strategy of development of tourism in Azerbaijan for 2016-2025 is also under negotiation.

    This project reflects information about the current state of the tourism industry in Azerbaijan, the potential of its development, the role of government in the development of tourism, forms of potential cooperation between the concerned countries, methods of building successful cooperation and a number of other important issues.

    Azerbaijan is one of the most attractive countries in the region, due to its location and developing infrastructure. The country attracts mostly tourists from Russia, Turkey, Georgia, and Iran, who make up roughly 95 percent of Azerbaijanв's tourist base.

    Over 2 million tourists came to Azerbaijan last year, bringing about one billion manat (over $950,000 million) in revenue from tourism.

    In the near future, the country is expected to increase its tourist flow up to 5 million a year. This target seems quite attainable, as the country has turned into a center for international events, including popular competitions like Formula 1 and Euro 2020.
  • OPEC must decrease output to 28 mb/d- Iran MP
    27.11.2015 10:26
    Baku, Azerbaijan, Nov. 26

    By Temkin Jafarov - Trend:

    A member of Energy Commission of Iran Parliament says OPEC must decrease oil production by at least 3.5 million barrels per day to support oil price.

    Jalil Jafari Boneh told Trend Nov.26 that OPEC should shrink the output to 28 million barrels per day (mb/d) to push oil price high.

    12 members are preparing to hold 168th Ordinary OPEC Meeting on Dec.4 in Vienna, Austria.

    According to the current quota, OPEC members have agreed on 30-mbm/d ceiling level together, however, according to the Cartel's latest monthly report, OPEC's output at October stood at 31.383 mb/d, some 256,500 barrels less than September.

    However, according to OPEC's report, estimated demand for OPEC crude in 2015 remains at 29.6 mb/d, an increase of 0.6 mb/d over the previous year. In 2016, demand for OPEC crude is forecast at 30.8 mb/d, around 1.2 mb/d higher than in the current year.

    Jafari Boneh said that the main problem is lacking of binding production quota, specifically for each member of OPEC. "The overall ceiling level has been set at 30 mb/d, but it is not defined that how much is the quota of each member," he said.

    Iranian MP added that Saudi Arabia persists on defending its share in market, but it seems that Riyadh's decision is political rather than economical motivated.

    Saudi Arabia produced 10.125 mb/d in October, 442,000 barrels per day more than 2014 average.

    Jafari Boneh added that currently, OPEC members loses due to low oil price.

    OPEC oil basket price has decreased from $108 per barrel in 1H14 to below $40 currently.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • Turkmenistan, Belarus mull construction of large mining plant
    27.11.2015 09:59
    Ashgabat, Turkmenistan, Nov.27

    By Huseyn Hasanov- Trend:

    Turkmenistan's President Gurbanguly Berdimuhammadov has received the chairman of the Belarus National Assembly Mikhail Myasnikovich in Ashgabat, said the message from Turkmen government.

    The sides discussed the implementation of the large joint infrastructure project - construction of Garlyk mining and processing plant for producing potash fertilizer in Koytendag district of Turkmenistan's Lebap province which is known with its richest potash deposits.

    During the meeting, Myasnikovich said that Belarusian partners will make every effort to ensure high quality work in this important industrial facility, which is a symbol of mutually beneficial interstate cooperation.

    Belarusian Belgorkhimprom open joint-stock company has been constructing the Garlyk enterprise since August 2009. Its capacity will be 1.4 million tons of fertilizers per year.

    Follow us on Twitter @
  • Euro drops in Azerbaijan
    27.11.2015 09:45
    Baku, Azerbaijan, Nov.27


    The official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.0511 manats and 1.1152 manats, respectively as of Nov.27.

    Below is the exchange rate of Azerbaijani manat compared to these currencies on Nov.27, according to the Central Bank of Azerbaijan.


    Nov.26, 2015

    Nov.27, 2015

    1 US dollar

    1 USD



    1 euro

    1 EUR



    Story still developing

    Follow us on Twitter @
  • Iran to launch 3 petrochemical units by March 2016
    27.11.2015 08:15
    Baku, Azerbaijan, Nov. 28

    By Fatih Karimov- Trend:

    The construction of three petrochemical projects in Iran is almost completed and the projects will come on stream in coming months, the Islamic Republic's oil ministry's official SNANA news agency reported Nov. 25.

    The projects including the phase 2 of Kavian Petrochemical plant, Takht-e Jamshid Petrochemical complex as well as development project of Lorestan Petrochemical's linear, low and high density polyethylene plant are fully completed.

    The three plants will come on stream in the current Iranian fiscal year(to be end March 21, 2016) in case of providing feedstock.

    Kavian Petrochemical plant is the world's largest ethylene producing unit, according to Iranian officials. Once phase 2 of this massive complex comes into production, the total production capacity of the complex will exceed 2 million tons per year.

    The first phase of the power plant of Damavand Petrochemical Company as well as mono ethylene glycol (MEG) unit of Morvarid Petrochemical plant are completed by almost 99 percent.

    Construction of several other petrochemical units is underway in the country, according to the report.

    Karoon Petrochemical Plant's second phase construction has made 98 percent physical progress and the project is developing as planned.

    Marvdasht Petrochemical Plant and heavy and light polyethylene units of Mahabad Petrochemical Plant are also completed by 97 percent.

    Iran's petrochemical output hit 44.4 million tons in the past Iranian fiscal year (ended on March 20), 10 percent more year-on-year.

    The country's actual production capacity is around 60 million tons, but the shortage of natural gas as feedstock, old production units, and the problem of sanctions, which has dropped exports, have caused petrochemical complexes to work at lower capacities.

    Iranian petrochemical plants use 37 million cubic meters of natural gas per day, while Iran could deliver only 2.8 million tons of ethane to plants during last year totally. The country planned to increase this volume to 4.2 million tons in current fiscal year.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • Iran's new oil and gas fiscal terms: what to watch for
    27.11.2015 08:05
    By Wood Mackenzie

    The expected lifting of most international sanctions against Iran in H1 2016 marks the start of a new era and Iran's possible re-entry onto the global stage. The country crucially needs to attract foreign investment and new technologies to develop and maintain production from its vast resource base. Tehran has recognized the need to replace the unpopular buy-back contract system with fiscal terms that will attract the investment they need.

    A new fiscal regime, the Iran Petroleum Contract (IPC), will be unveiled on 28-29 November in Tehran and 70 oil and gas projects, including around 20 exploration blocks, are expected to be offered for international investment in a mix of bid rounds and direct negotiations from March 2016. The release of the IPC and project opportunities is the most eagerly awaited licensing event in the Middle East since the Iraq licensing rounds in 2009.

    The IPC is expected to be up to 25 years in duration, include a floating remuneration fee which will provide exposure to oil and gas prices and the capex(capital expenditure) ceiling is expected to be removed - all improvements on the buy-back contracts and which should be more attractive to potential investors. Ultimately, however, key to the success of the contracts will be the clarity, predictability and transparency of how the IPC behave in different scenarios. At the same time, these improvements need to be balanced against the requirement to appease the Iranian hardliners who are against opening up the country's national resources for foreign investment.

    Like the Iraq rounds, the Iran terms and opportunities will be offered against the backdrop of low oil prices. We do not expect foreign investors to accept terms as harsh as the Iraq Technical Service Contracts (TSC) this time round for several reasons. Among them, Iran has to compete with other investment opportunities globally for constrained company capital budgets. Companies will have learned lessons from the Iraq experience, including the risks associated with greenfield developments and committing to overly ambitious production targets. These issues, combined with the low oil price, have led to contract renegotiations in Iraq which is in neither the contractors' nor the Government's interest. In Iran, there is also the risk that sanctions are snapped back.

    However, with 260 billion barrels of oil equivalent (boe) remaining reserves, the size of the prize in Iran is huge and it may be that to gain access to some of the very large reserves, we see some IOCs willing to leave some value on the table.

    The unveiling of the IPC marks the beginning of clarification of the new Iranian fiscal terms which will be key to attracting inward investment by IOCs and internationalizing NOCs. Whether the new terms will be regarded as attractive or not will depend on the devil of the detail and that may not be forthcoming at the weekend. Wood Mackenzie will analyze the fiscal prospects including benchmarking with other regimes as the details emerge in the coming months.

    Key considerations:

    Key considerations for the government:

    bull; Harsh terms may encourage renegotiation in the future if low oil prices continue;

    bull; Even on favorable terms for the government, low oil prices may restrict revenues and hence their ability to invest in necessary infrastructure to maximize field value;

    bull; Tight IOC capex budgets may encourage search for better terms elsewhere; and

    bull; Not all foreign players will have the same strategic imperative to invest in Iran with some not prepared to pay excessive signature bonuses.

    Key considerations for IOCs:

    bull; Access to existing infrastructure is key;

    bull; Brownfield sites provide best returns in a low margin contract;

    bull; In a low fee per barrel world, only the largest fields make economic sense;

    bull; Cost recovery structure could lead to detailed scrutiny of project plans by the Ministry of Oil and potential delays; and

    bull; Continued low oil prices and/or delays in construction could lead to postponed payments from the government, which may need to be factored in to project economics.

    None of the information contained in this note has come from any contact with the National Iranian Oil Company (NIOC) or the Iranian Government while sanctions preventing this have been in place.

    Follow us on Twitter @
  • US deploys dozens of ground troops to Syria
    27.11.2015 07:24
    The United States has deployed dozens of ground troops to Syria claiming they will assist Kurdish forces in their battle against Daesh (ISIL) terrorists, sources say, Press TV reported.

    The so-called Syrian Observatory for Human Rights said on Thursday that 30 US soldiers arrived in the northern city of Kobani over the past two days, AFP reported.

    The troops will allegedly help plan attacks against the Takfiris in the two Syrian cities of Jarablus and Raqqah.

    Kurdish sources also announced that some 20 US soldiers arrived in Hasakeh province in eastern Syria.

    On October 30, senior Obama administration officials said that Washington would send some 50 special forces to Syria to "train, advise and assist" militants fighting against the Daesh, in an apparent breach of Obama's promise not to put US "boots on the ground" there.

    A top official told the BBC that this does not indicate a change in US strategy, but an "intensification" of the military campaign.

    The presence of US troops on the ground in Syria lacks any mandate from the Syrian government. Damascus says it is a violation of its sovereignty.

    The US is escalating its involvement in Syria amid Russia's intensifying campaign in the country to assist President Bashar al-Assad in fighting against ISIL terrorists. The US forces will remain in Syria for the foreseeable future.

    On September 30, Russia began its military campaign against Daesh terrorists and militants fighting against the Syrian government. Moscow has carried out scores of airstrikes, killing hundreds of terrorists.

    US officials have told The Associated Press that Russia has directed parts of its military campaign against US-backed militants and other extremist groups in an effort to weaken them.

    They say the CIA-trained militants are under Russian strikes with little prospect of rescue by their American supporters.

    Syria has been gripped by foreign-backed militancy since March 2011. The crisis has claimed the lives of more than 250,000 people so far and displaced millions of others.

    Follow us on Twitter @
  • 26 Turkish businessmen held in Russia
    27.11.2015 04:59
    At least 26 Turkish businessmen were taken into police custody in Russia's Black Sea city of Krasnodar late Wednesday, said Turkish diplomatic sources, Anadolu reported.

    The group was in Krasnodar to attend the International Agricultural Exhibition YugAgro.

    They were taken from their pavilions by plain-clothed police officers in the fair area to the police station for "passport control".

    The businessmen were held at the police station until early Thursday. They then appeared before a court.

    The Turkish businessmen are expected to remain under police custody for ten days before they will be deported by Russian authorities.

    The incident comes just days after two Turkish F-16 fighter jets on an aerial patrol intercepted a Russian warplane within engagement rules when it intruded into Turkish airspace close to the Syrian border. The intruding aircraft was warned about the violation 10 times within five minutes before it was shot down.

    Turkish embassy in Moscow issued an advisory on its official social media accounts for Turkish citizens in Russia, requesting them to carry their passports on their persons and other documents and ensure their visas and permits are valid.

    The embassy also reiterated that they should "meticulously obey the rules in Russia and warnings of Russian authorities."

    It further warned Turkish citizens who travel to Russia to check whether the travel documents they filled in upon entering the country conform with their purpose of travel.

    Follow us on Twitter @
  • Iran, Turkey confer $30b trade target
    27.11.2015 02:59
    Turkish Development Minister Cevdet YД±lmaz and Iranian Minister of Economic Affairs and Finance Ali Tayebnia discussed ways of raising bilateral trade to 30 billion dollars, IRNA reported.

    Speaking to IRNA on the sidelines of the ministerial meeting of the Organization of Islamic Cooperation in Istanbul, Yilmaz said that the meeting with his Iranian counterpart was useful and that the two neighboring countries are ready to increase their trade and economic ties.

    'Current annual bilateral trade is at 14 billion dollars and which set the target of 30 billion dollars,' he added.

    The Turkish official said removal of sanctions against Iran will prepare the ground for expansion of cooperation.

    Tayebnia told IRNA that he was hopeful about expansion of relations between Iran and Turkey as political and economic relations have increased in recent years.

    'With lifting of sanctions and limitations imposed from abroad,' he added, 'the ground will be set for further development of bilateral ties.'

    Tayebnia said he reviewed with the Turkish minister the steps to raise the trade to 30 billion dollars in a faster and more effective way.

    Stay up to date with latest Iran news on our specialized Facebook page

    Follow us on Twitter @
  • Putin: Russia to cooperate with US-led coalition
    27.11.2015 01:39
    Russian President Vladimir Putin says Russia is ready to cooperate with the U.S.-led coalition fighting the Islamic State group, Reuters reported.

    Putin said after talks with French President Francois Hollande that Russia is open to closer cooperation with both France and the U.S.-led coalition on selecting IS targets.

    At the same time, he lashed out at the U.S. over the downing of a Russian warplane by Turkey, saying the U.S. should have prevented its coalition ally Turkey from making such a move.

    He said that Russia will hold "serious consultations" with the U.S. over the incident.

    Follow us on Twitter @
  • Russian ambassador in Ankara summoned to Foreign Ministry
    26.11.2015 23:59
    Russian Ambassador in Ankara Andrey Karlov has been summoned to the Turkish Foreign Ministry late Thursday, according to a statement from the Turkish ministry, Anadolu reported.

    The statement said that Turkish diplomatic offices in Russia and the premises of Turkish companies operating in the country have come under a number of physical attacks in the aftermath of the downing of the Russian warplane that violated Turkish airspace Tuesday.

    "We sadly see that our representation offices in Russia and Turkish companies in the country have been targeted in recent days," the Turkish ministry statement said.

    The statement also said the Russian ambassador was told to convey Turkey's expectation from Moscow officials to take additional security measures to protect Turkish diplomatic offices and premises of Turkish companies in the country.

    "In line with international law, the host country is responsible for the safety of foreign missions [on its territory] under all circumstances. Our concerns over this unacceptable situation has been brought to the attention of the Russian Ambassador," the Turkish Foreign Ministry said in the statement.

    Turkey's embassy in Moscow was hit by stones, eggs and paint hurled by a group on Nov. 25.

    An angry crowd demonstrating against Turkey's recent downing of a Russian warplane, which violated the Turkish airspace, attacked the building Wednesday, Anadolu Agency's correspondent in the Russian capital reported.

    Windows in the second and third floors of the building were smashed.

    Photographs on Twitter showed the street outside the embassy on Rostovskiy Pereulok covered in debris.

    On Nov. 25, Russian Defense Ministry confirmed that its Russian SU-24 fighter jet had been shot down, which crashed in the Syrian region of Bayirbucak close to Yayladagi district of southern Hatay province.

    This was not the first time Russian fighter jets had violated Turkish airspace.

    In early October, Russian warplanes breached Turkish airspace for which Russian officials apologized and pledged that no such incident would be repeated.

    Turkey had also renewed its warning to implement engagement rules, including a military response to violations of Turkish airspace.

    Follow us on Twitter @
  • Leyla Aliyeva attends opening of children's handicrafts exhibition
    26.11.2015 22:49
    Baku, Azerbaijan, Nov. 26


    The Heydar Aliyev Foundation has organized an exhibition of the talented children's handicrafts.

    Vice-president of the Heydar Aliyev Foundation Leyla Aliyeva has attended the opening of the exhibition.

    The exhibition displayed drawings and other works of the talented children from the Rehabilitation Center of Persons with Down Syndrome, the "Origami" Public Association, the Children's Rehabilitation Center "Gaygi", and also various orphanages and kindergartens of Baku and regions. About 400 works were presented at the Exhibition.

    An auction has been arranged here. The means obtained at the auction will go to the charitable purposes for the orphan children and children needing special care. The exhibition also featured demonstration of video dedicated to the children. The children also performed the dances, which aroused keen interest among the participants.

    The purpose of the event held at the initiative of Foundation, consists of support of creativity of the talented children, development of their abilities, representation to the public of the works created by them.

    Follow us on Twitter @
  • France's Hollande tells Putin time for grand coalition against Islamic State
    26.11.2015 21:54
    French President Francois Hollande told Russia's Vladimir Putin on Thursday world powers must build a "grand coalition" to combat Islamic State militants who control swathes of territory in Syria and Iraq, Reuters reported.

    "Our enemy is Daesh, Islamic State, it has territory, an army and resources, so we must create this large coalition to hit these terrorists," Hollande said in televised remarks at the start of bilateral talks with the Russian leader in the Kremlin.

    "I'm in Moscow with you to see how we can act together and coordinate so that we can strike this terrorist group, but also reach a solution for peace," Hollande said.

    Follow us on Twitter @
  • Azerbaijan, Georgia solving problems in use of Kurв's water resources
    26.11.2015 21:31
    Baku, Azerbaijan, Nov. 26

    By Huseyn Valiyev - Trend:

    Azerbaijan and Georgia will soon sign a document settling the issue of the use of water resources of the Kur River, said Adishirin Alakbarov, deputy director of Azersu's lsquo;Su Kanali' Research and Design Institute.

    The Kur River starts in northeastern Turkey, flowing through the country to Georgia, then to Azerbaijan, where it receives the Araz River as a right tributary, and enters the Caspian Sea. The river's total length is 1,515 kilometers.

    Alakbarov, addressing a press conference in Baku Nov. 26, said Azerbaijan is the only country in the region to ratify the Convention on the Protection and Use of Transboundary Watercourses and International Lakes, known as the Water Convention.

    "We are very concerned over contamination of Kur and Araz," he said. "The reason behind other countries' not ratifying the Convention is that they would be obliged to not allow contamination of these rivers if they do ratify it."

    He also said that certain progress has been recently achieved with Georgia on this matter, adding that the country is ready to join the Water Convention.

    "Aside from that, Azerbaijan and Georgia have prepared a bilateral document on the use [of water resources] of the Kur River, which is to be singed soon," he said.

    Alakbarov added that the issue of the contamination of Araz River still remains open.

    "Armenia continues to contaminate Araz with household and industrial wastes, and Azerbaijani citizens in the Central Aran have to use this river's water," he added. "Ecology and Natural Resources Ministry regularly reveals the facts of pollution of the Araz River."

    He also said this issue has been repeatedly raised at many international organizations.

    "The World Water Council is another platform where the issue will be raised again," Alakbarov noted


    Follow the author on Twitter: @h_veliyev

    Follow us on Twitter @
  • Caucasian Muslims Office rejects attempts to link Nardaran incident with religion
    26.11.2015 20:50
    Baku, Azerbaijan, Nov. 26


    The Caucasian Muslims Office (CMO) said it strongly rejects the attempts to link the developments that took place in Baku's township of Nardaran with religion.

    "We regard these developments as an attempt to sow division in society and violently seize power, organized by external and internal forces with certain political goals," the CMO said in a statement Nov. 26.

    Story still developing

    Follow us on Twitter @
  • Kremlin does not exclude Turkeyв's terrorist threat
    26.11.2015 20:49
    Baku, Azerbaijan, Nov. 26


    The Kremlin does not exclude Turkey's terrorist threat, Dmitry Peskov, the spokesman for the Russian president, said Nov. 26, RIA Novosti reported.

    The control over the supply of agricultural products from Turkey was strengthened.

    "This is connected with various factors," he said.

    "Of course, the role of a terrorist threat can not be excluded," he said.

    He said that Moscow is still waiting for Ankara's explanations.

    "Of course, it is difficult to correct such a devastating damage caused to bilateral relations," he said.

    "This is a very serious accident with inevitable consequences," he said. "Of course, we appreciated our bilateral relations, partnership relations, mutually beneficial relations, the promising relations."

    Follow us on Twitter @
  • Azerbaijan, Pakistan to co-op in energy sector
    26.11.2015 20:39
    Baku, Azerbaijan, Nov. 26

    By Maksim Tsurkov - Trend:

    Azerbaijan and Pakistan intend to sign a memorandum for energy sector cooperation.

    Azerbaijan's Energy Ministry noted in a message issued Nov. 26 that the two countries' cooperation was discussed at a meeting between Azerbaijan's Energy Minister Natig Aliyev and the Pakistan State Oil Company's CEO and Managing Director Sheikh Imran ul Haque.

    "Talks on signing of a memorandum [for energy sector cooperation] are underway between governments of Azerbaijan and Pakistan at the level of working groups," said the ministry. "Azerbaijan is ready to support the development of energy sector cooperation with Pakistan."

    "Azerbaijan has reinforced ties with the energy systems of neighboring countries, which, in the long run, makes it possible to transmit electricity to Pakistan," the message quoted Minister Aliyev as saying.

    According to the ministry, the meeting also discussed the prospects for creation of an infrastructure to transport oil products and liquefied natural gas to Pakistan.


    Follow the author on Twitter: @MaksimTsurkov

    Follow us on Twitter @
  • Kazakh economy seriously affected by low oil price '" expert
    26.11.2015 20:10
    Baku, Azerbaijan, Nov. 26

    By Elena Kosolapova - Trend:

    Situation in Kazakhstan's economy has turned out to be worse than forecasted early this year, according to Dosym Satpayev, director of the Kazakh Risk Assessment Group.

    "Since late last year, the Kazakh government has been trying to prevent increase in unemployment," Satpayev, who is also a well-known political analyst in Kazakhstan, told Trend Nov. 26.

    "Memorandums have been signed with major Kazakh enterprises for them to guarantee to preserve jobs, or in case of dismissal of an employee, to look for another job for that person," he added.

    This week, Kazakhstan's Energy Minister Vladimir Shkolnik suggested that if oil price remains at a low level in 2016, the country's oil and gas sector may lay off over 40,000 people, the wages being cut by a third.

    Meanwhile, major international financial institutions expect that the next year the average price of Brent oil will be $55-$58 per barrel.

    "The statement made by Vladimir Shkolnik shows that the situation turned out to be worse than the government had expected," said Satpayev. "Most likely, the government expected the economic situation to slightly recover by mid-year. But it turned out that the situation got worse - the price of oil fell below $50. It is clear that it made our officials to be more pessimistic than they were at the beginning of the year."

    At the same time, the analyst said that unemployment grows not only in the oil and gas sector, but almost in all sectors of the economy of Kazakhstan.

    This year, an unfavorable economic environment for Kazakh businessmen has formed due to the fact that the markets of the country began to receive cheaper Russian and Belarusian goods, which made Kazakh producers uncompetitive.

    "So the problem is much more serious," said Satpayev.

    The foreign specialists are less interested in Kazakhstan's labor market. The reason is that the salary in dollar equivalent does not correspond to their requirements following the recent great depreciation of the tenge rate.

    During three months the rate dropped from 186 tenge per $1 in July to 307 as of November 25.

    The tenge exchange rate began falling after the National Bank abolished the currency corridor and switched to the inflation targeting regime to implement the new monetary policy August 20.

    As a result, the tenge rate sharply decreased in value by about 30 percent.

    The National Bank stopped passing to a free floating exchange rate and began selling the currency on the market in September and October.

    Over the past two years, the tenge rate decreased in value by over twofold.

    The tenge exchange rate reached 154.06 per $1 in early 2014.

    At the same time, the expert does not think that a decrease in jobs in Kazakhstan will lead to labor migration from the country. The reason is that a similar deterioration in the economic situation is observed in the post-Soviet area and foreign countries.

    The expert believes that in order to prevent the unemployment in Kazakhstan, the country needs to support the small and medium-sized entrepreneurship which could enable to create new jobs.

    "State policy for concessional lending is needed for this," he added.

    Satpayev expressed hope that amid the low oil prices, Kazakh officials will have to revise their attitude to economy and deeply think over developing the non-oil sector.

    "The practice shows that high oil prices will not help improve the competitiveness of our economy," said the expert. "Unfortunately, over these 20 years, we did not create an alternative sector of economy, which could offset the current crisis in the mining sector."


    Follow the author on Twitter: @E_Kosolapova

    Follow us on Twitter @
  • Azerbaijan, Kazakhstan, Russia to conduct military exercises in Caspian Sea
    26.11.2015 20:00
    Baku, Azerbaijan, Nov. 26


    Russia's Caspian Flotilla will hold 20 exercises in 2016, including the international naval exercises with Kazakhstan and Azerbaijan, the Southern Military District said Nov. 26, RIA Novosti reported.

    "The participation in the trilateral international naval Kazakh-Azerbaijani-Russian exercises headed by the Commander-in-Chief of the Russian Navy will be the priority for the seamen of the Caspian flotilla in 2016," he said.

    Follow us on Twitter @
  • Iran ready to share experience in education with Azerbaijan
    26.11.2015 19:46
    Baku, Azerbaijan, Nov. 26

    By Elchin Mehdiyev - Trend:

    Iran is ready to share experience with Azerbaijan in the field of education, Ali Asghar Fani, the Iranian Education Minister, told Trend Nov. 26.

    Fani is on a visit to Azerbaijan.

    The minister recalled that he has recently met with Azerbaijani Education Minister Mikayil Jabbarov in Paris. The sides exchanged views on cooperation in the field of education.

    "Iran and Azerbaijan share a common culture," he said. "We are ready to share our experience in the field of education with fraternal and friendly Azerbaijan."

    Follow us on Twitter @
  • Russia took unfriendly military action against NATO
    26.11.2015 19:45
    Baku, Azerbaijan, Nov. 26

    By Anakhanum Khidayatova - Trend:

    Russia violated International Law and took unfriendly military action against NATO's territory, Matthew Bryza, former US assistant secretary for South Caucasus and former US ambassador to Azerbaijan, told Trend Nov. 26.

    Bryza, who is also the director of the Tallinn-based International Centre for Defense Studies, was commenting on the tension in Turkey-Russia relations following the incident with the Russian Su-24 warplane, shot down by the Turkish Air Force.

    "Imagine if the situation was reversed and Turkish airplanes were bombing ethnic Russians, let's say, in Syria or somewhere very close to Russia's border with one of its neighbors," he said. "Russian would be extremely angry and would take serious measures."

    "After all, Russian aircraft have violated Turkish space many times and received many warnings, but were not shot down," he said. "In this instance, the Turkish leadership had two choices: to allow another violation as Russian aircraft were bombing and killing ethnic Turks (or Turkomen) in Northern Syria or to take a step to show that Russia should stop these provocative actions."

    Bryza said that on top of that, Russia has been playing this game of poking and trying to intimidate NATO countries in their airspace for over a year.

    "These NATO countries that Russian airplane have been harassing include the United States, Canada, the United Kingdom, Norway, and the Baltic States," he said. " So, it was only a matter of time before some Russian violation of air space would lead to the downing of a Russian airplane. I hope this incident will send a message to Russia that it needs to stop it dangerous provocations and harassment of NATO air space."

    Bryza said that the economic measures the Russian Government is threatening to take are not radical.

    "Russian GAZPROM needs the Turkish market and is fighting to maintain its hold in the Turkish market, as competition grows, especially with liquid natural gas that is going to be available from the United States, Australia, and East Africa," he said. "So, there will be no slow down in Russian natural gas export to Turkey."

    "For example, there are calls by some top Russian officials to cut Turkish food imports, which had been compensating for the food imports from the European Union that the Russian Government cut off in response to EU sanctions regarding Ukraine," Bryza said.

    "These Russian economic measures will hurt some Turkish exporters of food, or tourism operators," he said. "Some Turkish construction companies might lose some major contracts. But, at the same time, Russian citizens will suffer. And, it will not be difficult for Turkey to find other markets, to export its food."

    Bryza believes that Russia and Turkey want to get pass this issue.

    Russia-Turkey relations deteriorated after the incident with the Russian Su-24 warplane, shot down by the Turkish Air Force.

    The armed conflict has been observed in Syria since March 2011. According to the UN, more than 220,000 people were killed. The governmental troops confront with the militants belonging to various armed groups. The fighters of Islamic State and Jabhat al-Nusra extremist groups are most active.


    Follow the author on Twitter: @Anahanum

    Follow us on Twitter @
  • Erdogan: Turkey not to ask forgiveness from Russia
    26.11.2015 19:45
    Baku, Azerbaijan, Nov. 26

    By Rufiz Hafizoglu - Trend:

    Turkey will not ask forgiveness from Russia with regard to the incident involving the Su-24 warplane, said President Recep Tayyip Erdogan.

    The local news channel TRT Haber quoted Erdogan as saying Nov. 26 that Russia itself should ask forgiveness from Turkey.

    Erdogan's comments come in the wake of downing of a Russian Su-24 warplane by Turkish Air Force Nov. 24.

    Previously, Erdogan also said that Moscow's aggressive statements against Turkey, after the Su-24 incident, saddened Ankara.

    He said Ankara and Moscow are strategic partners, but this doesn't mean that Russia can disrespect the principles of inviolability of Turkey's borders.


    Follow the author on Twitter: @rhafizoglu

    Follow us on Twitter @
Exchange Rates of Central Bank