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Bets on for who will be next pope
14.02.2013 09:55
A A
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.

/HurriyetDailynews/
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  • Long-term extension of Iran-P5 1 nuclear talks improbable, gaps remain
    30.06.2015 11:40
    Baku, Azerbaijan, June 29By Dalga Khatinoglu - Trend:Despite the remaining gaps between Iran and the six world powers, long-term extension of nuclear talks is improbable, the U.S. State Department's Persian Language Spokesperson Alan Eyre who is a member of the U.S. nuclear negotiator team said....
  • Turkish General Staffв's ex-head warns on creation of safety zones in Syria
    30.06.2015 11:00
    Baku, Azerbaijan, June 30By Rufiz Hafizoglu - Trend:The units of the armed forces of Turkey can enter Syria to create safety zones there, but they won't be able to leave that country's territory, Kanal7 TV channel quoted the former head of the Turkish General Staff, Ilker Basbug as saying Ju...
  • Armenia violates ceasefire with Azerbaijan 73 times
    30.06.2015 10:06
    Armenian armed forces violated ceasefire 73 times a day in a single day in different directions along the front line.Oxu.az reports with reference to the Defense Ministry that the Armenian armed units fired on the positions of Azerbaijani armed forces in nameless uplands and Gizilhajili village of G...
  • Iran says able to overhaul latest aircraft engines
    30.06.2015 09:44
    Tehran, Iran, June 29By Mehdi Sepahvand - Trend:The Iran Aircraft Manufacturing Industrial Company is able to prepare the basics for overhauling the latest airplane engines in three to four months and then to carry out the overhaul, the company's CEO Amir Izadi said.By making small changes to th...
  • Iran, P5 1 resume work on drafting text of final nuclear deal
    30.06.2015 09:44
    Senior representatives of Iran and the P5 1 group of countries have held talks on drafting the text of a possible final agreement over Tehranв's nuclear program.According to Press TV, the Iranian deputy foreign ministers, Abbas Araqchi and Majid Takht-e Ravanchi, held a three-hour meeting with ...
  • Zarif, Lavrov to meet Tuesday in Vienna
    30.06.2015 04:15
    Foreign minister of Iran Mohammad Javad Zarif will hold a bilateral meeting with his Russian counterpart Sergei Lavrov on Tuesday in Vienna, Iran's Deputy Foreign Minister Abbas Araghchi told Sputnik."Zarif and Lavrov will have bilateral [meeting] tomorrow. Time is not decided yet," Araghchi sai...
  • Strong and weak candidates for speaker of Turkish parliament
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    Baku, Azerbaijan, June 29By Rufiz Hafizoglu - Trend:All political parties in Turkey, entitled to be represented in the country's parliament, have already nominated the candidates for the post of speaker. The speaker of the Turkish parliament will be elected this week.The ruling Justice and Devel...
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  • Obama sends nuclear message to Iranian leaders
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  • SOCAR produces 2.8 billion cubic meters of gas in Jan-May
    29.06.2015 13:25
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  • Igor Yermilin: Russia must be in step with Azerbaijan
    30.06.2015 12:38
    http:// www.news.az/photos/page-photo/141471.jpg
    http:// www.news.az/photos/page-photo/141471.jpg
    "Azerbaijan is already building a strategy for the creation of the "Formula 1" team".

    President of the Russian Automobile Federation Igor Yermilin cited the example of Azerbaijan, which, according to him, ready to create its team in the "Formula 1".

    "In today's situation, I see no problem to form the Russian team, which has the potential to get into the top five of the best racing teams in the world - Oxu.Az quoting Yermilin's words, published in "Izvestia". - With our technology, especially in the field of space and military aircraft, with smart and talented people, with the presence of large Russian companies that can provide financing, we can show the world our achievements.

    It is insulting, that Azerbaijan, which will host the Grand Prix next year, is already building a strategy to build its national team and Russia - does not. The Government of Azerbaijan believes that in order to adequately represent their country, they need to have their own racing team and its pilot.

    I think this is real with those goals and tasks which the country assigns to itself. And Russia must be in step with Azerbaijan. I am ready to pick up and make the Russian team.

    We have to think about the race not only as entertainment and a way to attract tourists, we must show the world that Russia is a technically advanced power ".

    It should be noted that the European Grand Prix, "Formula 1" will be held in Azerbaijan in autumn next year.
    6
  • Second week of first European Games in photos
    30.06.2015 11:41
    http://cdn.trend.az/pictures/2015/06/30/trend_eurogames_photos_300615_01.jpg
    http://cdn.trend.az/pictures/2015/06/30/trend_eurogames_photos_300615_01.jpg
    Baku, Azerbaijan, June 30

    Trend:

    The second week of the first European Games in Baku has remained in people's memory by interesting competitions.

    The fans witnessed the bitter competition of basketball players, football players, swimmers, judokas, volleyball players and other athletes.

    Trend news agency presents its readers the highlights of the second week of the European Games in photos.

    The European Games kicked off in Baku June 12 and ended June 28. There was a total of 20 sports at Baku 2015: 16 Olympic sports and four non-Olympic sports.

    More than 6,000 athletes from across Europe represented their nations over 17 days of competition.

    Follow us on Twitter @
    11
  • Long-term extension of Iran-P5 1 nuclear talks improbable, gaps remain
    30.06.2015 11:40
    http://cdn.trend.az/pictures/2013/10/23/alan_eyre.jpg
    http://cdn.trend.az/pictures/2013/10/23/alan_eyre.jpg
    Baku, Azerbaijan, June 29

    By Dalga Khatinoglu - Trend:

    Despite the remaining gaps between Iran and the six world powers, long-term extension of nuclear talks is improbable, the U.S. State Department's Persian Language Spokesperson Alan Eyre who is a member of the U.S. nuclear negotiator team said.

    Iran and the group P5 1 (the US, UK, France, Russia, China, and Germany) are holding the intense talks to hammer out a comprehensive nuclear deal by the end of June. The sides reached a framework nuclear deal in the Swiss city of Lausanne on April 2.

    All parties are committed to reach an inclusive and sustainable agreement, Eyre told Trend June 28.

    "This is a good opportunity which should not be lost. The negotiators have been pursuing intense and non-stop talks for two weeks to resolve remaining differences," he added.

    However the senior diplomat underlined that some main differences and gaps are still in place.

    "Although technical solutions are available for these problems, but some tough political decisions should be taken over the next few days to reach a favorable agreement, i.e. an agreement within the Lausanne agreement," he underlined.

    Eyre also said that some foreign ministers from the P5 1, plus the high representative of the European Union for foreign affairs, Federica Mogherini, will join the talks in coming days to assess the general progress and to consult and confer, as well.

    The direct and continuous contacts between negotiators and their heads of governments are necessary in this stage, he said.

    Eyre further said that the period of the diplomats' staying in Vienna is unclear, adding perhaps they will move between Vienna and their capitals in the coming days.

    While responding to a question about possible extension of the talks, Eyre said that the parties still seek to reach the intended deal before June 30.

    "It is likely that some extra days may be required as it was in Lausanne, but there is no need to have a plan on a long extension and there is no mention of it," the senior diplomat added.

    Adequacy-seeking rather than excessive demands

    The US diplomat also touched upon Iranian officials' comments which say "Western excessive demands" are the problem preventing a deal.

    I have frequently heard this phrase "excessive demands" about the P5 1 demands, but the reality is that the better phrase is "adequacy-seeking," he stressed.

    The global community greatly worried about the peacefulness of Iran's nuclear program because of the country's lack of commitment to nuclear obligations and a lack of transparency over its nuclear program, Eyre said.

    "The Islamic Republic claims that it has not, does not, and will not seek nuclear weapons. We are asking that Iran works sufficiently to establish that claim, that is, it should conduct enough cooperation and create enough transparency to prove that," the US diplomat said.

    While commenting on the recent comments of Ayatollah Ali Khamenei, Iran's supreme leader, who outlined Iran's red lines for talks, the US diplomat said that the negotiation teams focused on their work in the negotiation room.

    Khamenei on June 23 ruled out freezing of sensitive nuclear work in the country for a long time and said that sanctions imposed on it should be lifted as soon it reaches a final deal with the P5 1. He said that the period of implementation of nuclear agreement shouldn't be 10-12 years, but much shorter.

    "All countries have their red lines, outlined by their governments to pursue their national interests and expediency. As the saying goes, the matter is on the knees of the gods," Eyre noted.

    "But our solid contention is that there is a consensual approach within the Lausanne framework. What is needed to reach that is to make difficult political decisions."

    The senior diplomat also expressed hope that in the few days ahead, all efforts of reaching a deal in Vienna will bear fruit.

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

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    3
  • MG mulling new meeting between Azerbaijani, Armenian presidents
    30.06.2015 11:06
    http://www.today.az/pictures/pic141802.jpg
    http://www.today.az/pictures/pic141802.jpg
    /By AzerNews/

    By Sara Rajabova

    The OSCE Minsk Group is working on organizing a meeting between Azerbaijani and Armenian presidents.

    James Warlick, Minsk Groupв's U.S. co-chair, has said mediating a new meeting between Azerbaijani President Ilham Aliyev and Armenian President Serzh Sargsyan is the main point in the OSCE Minsk Groupв's call.

    ''We have agreed to intensify the dialogue between the parties,'' Warlick said in an interview with local media.

    The latest meeting between President Ilham Aliyev and President Serzh Sargsyan took place in Paris, France back in October of last year through the French president's initiative.

    Warlick expressed hope that the next meeting between the two presidents occurs this year.

    He also voiced disagreement with opinion that the negotiations have reached a deadlock.

    ''Ilham Aliyev and Serzh Sargsyan do not want war. Though there was an opportunity for a peaceful settlement of the conflict in the negotiations that took place until now, it has not been used effectively,'' Warlick said.

    He noted that now there is a new opportunity for this, and it needs to be utilized effectively.

    The Armenian and Azerbaijani presidents periodically meet to discuss the settlement of the Nagorno-Karabakh conflict on the margins of negotiations. However, the talks have so far failed to produce any genuine results, given the Armenian side's inclination to remain belligerent rather than engage in peace-making.

    The Nagorno-Karabakh conflict emerged in 1988 when Armenia made territorial claims against Azerbaijan. Since then,a lengthy war in the early 1990s displaced over one million Azerbaijanis and led Armenian armed forces to occupy over 20 percent of Azerbaijan's internationally recognized territory, including Nagorno-Karabakh and seven adjacent regions.

    Peace talks, mediated by Russia, France and the U.S. through the OSCE Minsk Group, are underway based on a peace outline proposed by the Minsk Group co-chairs dubbed the Madrid Principles. The negotiations have been largely fruitless so far.

    The UN Security Council's four resolutions on Armenian withdrawal have not been enforced to this day.
    8
  • Caspian Sea environment requires measures, expert says
    30.06.2015 11:05
    http://www.today.az/pictures/pic141801.jpg
    http://www.today.az/pictures/pic141801.jpg
    /By AzerNews/

    By Vusala Abbasova

    The water level in the Caspian Sea has decreased considerably over the past ten years, extending the coastal area.

    The change in the water level on the Caspian Sea enacts significant changes to the landscape of the shore and has created a greater area for the fabulous Baku seashore boulevard.

    The Caspian Sea level has decreased by 28 meters over the past 10 years due to climatic changes, said Ramiz Mammadov, the director of the Geography Institute at the Azerbaijani National Academy of Sciences.

    "The level of the Caspian Sea, which is located below the world ocean level, is minus 28 meters," he told AzerNews.

    The Caspian is considered the largest closed lake on the planet, with an area of 371,000 square kilometers, brackish water, and features similar to those of a sea, since it has a maximum depth of 1,025 meters.

    Measurements of the water level in the Caspian Sea have shown that in the first century, the sea level had remained roughly unchanged from 1837 to 1930, ranging between minus 25 and minus 26 meters, according to Window to Baku portal.

    A sharp drop of nearly two meters, from minus 25.88 to minus 27.84 meters, could be seen in the period from 1929 to 1941, and the water level was recorded at minus 29.01 meters in 1977.

    Then, the water level in the sea dropped to the level of minus 26.66 meters by 1995 and reached minus 27.17 meters in 2001.

    The water level in the Caspian Sea has decreased by 0.56 meters, reaching 27.43 meters in 2014, according to the Baltic system of heights.

    Natural changes effect significant fluctuations in the Caspian Sea, washing the coasts of Azerbaijan, Russia, Kazakhstan, Turkmenistan and the Islamic Republic of Iran.

    Changes in height of sea level are connected to the climate fluctuations in the Caspianв's tributaries'"the Volga, Urals, Samur, Kura, Terek and Sefidrud river basins'"constituting about 80 percent of the Caspian Sea water balance.

    Each beach has its own water balance, which includes rivers flowing into it, precipitation and evaporation from the surface, said Mammadov.

    "Any change in the water balance brings alternations into the sea level," he noted.

    The Volga River, with a capacity of 200 cubic kilometers remains a major source of water for the Caspian. River capacity can be seen declining when compared to its previous capacity of 300 cubic kilometers.

    With regards to the Caspian Sea environment, which is on the countriesв' sustainability agenda, Mammadov stressed that the conditions for sea pollution date back to the Soviet Union.

    "Today's stressful ecological state of the Caspian Sea is connected with extensive development of the economy of the Caspian region's industry," Mammadov said.

    In his opinion, the rivers and sea pollution are related to the Caspianв's uncertain international legal status, maritime traffic, and coastal industrial facilities. The new sources of pollution are being created as a result of the changing sea level, which floods coastal areas. Pesticides, used in agriculture since Soviet times, wash into the Caspianв's tributaries (rivers) and flow into the sea, affecting its ecological state.

    Mammadov sees a solution to the ecological problem in the large-scale program, which would integrate all coastal countries.

    The program can be based on the Regional International Tehran Convention on the Caspian Seaв's recommendations on marine environment protection from pollution, including the protection, conservation, restoration and sustainable and rational use of the biological resources signed in 2003among the five littoral countries.

    If the existing Convention includes the program, where the main condition would be zero discharge into the Caspian Sea, then the sea ecology problem would be resolved in the near future, Mammadov said.

    The zero discharge quota includes a ban on dumping oil and gas products into the Caspian Sea, and regulates maritime traffic pollution and the pollution from the coastal area facilities.

    The full program should be implemented in compliance with a modern tracking system for the Caspian Sea.

    The professor noted that special attention should be given to the monitoring, which would be carried out by different facilities, including remote monitoring by satellites, and observation mechanisms on the ground.

    "Such program will naturally create rapid information transfer on the state of the marine environment. It is a great work with big spending and lots of agreements," said Mammadov.

    In his view, the program enacted by Baltic Sea countries can serve as a model.

    The EU endorsed the EU Strategy for the Baltic Sea Region in October 2009, under which EU Member States, EU regions, trans-Baltic organizations, financing institutions, and non-governmental organizations agreed to promote a more balanced development of the region.

    The Caspianв's lingering unsettled status is an impediment to tackling the environmental problems of the sea.

    The international legal status of the Caspian Sea became one of the most controversial issues facing the coastal countries of the region since the collapse of the Soviet Union. The discovery of a large number of oil and gas deposits under the seabed has increased need to resolve the issue.

    The environment is the air we breathe, the water we drink, and the land on which our food grows. In answering questions such as "what does the environment mean for our lives and why we should protect it?" we do not always notice how we relate to the land and to each other.
    3
  • Turkish General Staffв's ex-head warns on creation of safety zones in Syria
    30.06.2015 11:00
    http://cdn.trend.az/pictures/2015/06/30/ilker_bashbug_300615.jpg
    http://cdn.trend.az/pictures/2015/06/30/ilker_bashbug_300615.jpg
    Baku, Azerbaijan, June 30

    By Rufiz Hafizoglu - Trend:

    The units of the armed forces of Turkey can enter Syria to create safety zones there, but they won't be able to leave that country's territory, Kanal7 TV channel quoted the former head of the Turkish General Staff, Ilker Basbug as saying June 30.

    He said it is needed to take into account that Syria is not Iraq, and various groups, including Al Qaeda and "Islamic State", are fighting there.

    Earlier it was reported that the former head of the General Staff urged Ankara to support the Syrian government.

    Basbug said that currently Syria is in a critical situation, and both pro-Iranian and pro-Western forces are active on its territory.

    "I believe that to achieve peace in Syria and to prevent the widening of the conflict, Turkey and other countries should support the Syrian government," he said.

    Previously, it was also reported that Turkey is considering the creation of safe zones in Syria between the cities of Aleppo, Idlib and the Turkish border, with the inclusion of the border towns of Ayn al-Arab (Kobani), Jarabulus and others.

    Turkey's Prime Minister Ahmet Davutoglu earlier urged the UN to make a decision regarding the creation of safety zones in Syria.

    Turkey's authorities have been actively promoting the issue of establishing the safety zone in the north of Syria.

    The Syrian authorities have repeatedly condemned the intention of the Turkish government and said that Damascus strongly rejects the creation of buffer zones, no matter where they are located.

    Edited by SI

    ---

    Follow the author on Twitter: @rhafizoglu

    Follow us on Twitter @
    4
  • Lovers' Day celebrated in Azerbaijan
    30.06.2015 10:59
    http:// www.news.az/photos/page-photo/141470.jpg
    http:// www.news.az/photos/page-photo/141470.jpg
    Lovers' Day is celebrated in Azerbaijan on 30 June.

    It has been already a few years that this date symbolizes the wedding of Ilham Allahverdiyev, who died in January events of 1990. After his death, his wife Fariza committed suicide. In honor of this true love, the date of their wedding became Lovers' Day.

    The couple married in 1989.
    5
  • Oil still stuck in the $60 box but possible Iran deal would take it down
    30.06.2015 10:19
    http://cdn.trend.az/pictures/2014/12/04/oil_price_041214.jpg
    http://cdn.trend.az/pictures/2014/12/04/oil_price_041214.jpg
    Ole Hansen, Head of Commodity Strategy / Saxo Bank

    Following one of the biggest crude oil selloffs in recent memory the prices of both WTI crude and Brent crude have now remained range-bound for two months. While other financial markets have been preoccupied with the future of Greece and its potential impact on markets, an eerie calm has descended upon the oil market. Since recovering from a $42 low back in March, WTI crude oil has since established a tight range around $60/bbl. The average price during the past 41 trading days has been $59.65 and this level has been traded on all but 13 days during this period. A sideways trading pattern like this has been seen before but coming after a long period of extreme price moves, it has surprised many observers.

    The upside potential seems limited to around $65 given the potential for a return or pick-up in US shale production at this level, the downside seems equally limited.

    A breakthrough in the Iran nuclear negotiations currently approaching their June 30 deadline should lead to increased exports from this important Opec member. Speculation that 50 million barrels from floating storage could be unleashed on the market could initially have quite a negative impact on oil prices. Iran, however, is desperately short of investments to improve its production ability and this will take time to implement.

    Over the coming months and into next year Opec is hoping that US production will continue to slow and that a continued rise in global demand eventually will allow the price to move higher as the risk of oversupply will fade despite the above mentioned pick-up in US production.

    A continued bumpy ride for oil can therefore be expected and with the risk of rising supply, as refinery demand slows, towards the end of the current quarter the upside potential seems limited, thereby skewing the short-term risk to the downside.

    During the coming quarter we see Brent crude trade predominantly within a $55 to $70 range and WTI crude within $50 to $65 range with the downside risk most likely to be seen towards the end of this period unless an agreement with Iran is reached within the next couple of weeks.

    Follow us on Twitter @
    13
  • Armenia violates ceasefire with Azerbaijan 73 times
    30.06.2015 10:06
    http:// www.news.az/photos/page-photo/141469.jpg
    http:// www.news.az/photos/page-photo/141469.jpg
    Armenian armed forces violated ceasefire 73 times a day in a single day in different directions along the front line.

    Oxu.az reports with reference to the Defense Ministry that the Armenian armed units fired on the positions of Azerbaijani armed forces in nameless uplands and Gizilhajili village of Gazakh district from their posts in Vazashen and Berkaber villages of Armenia's Ijevan district, positions in Gaymagli and Ashaghi Eskipara villages of Gazakh district from the posts in Barekamavan and Voskepar villages of Noyemberyan district, positions in Alibeyli, Aghdam, Kokhanebi and Aghbulag villages of Tovuz district from the posts in Aygepar, Mosesgekh and Chinari villages of Berd district and positions in nameless uplands of Gadabay district from the posts in nameless uplands of Krasnoselsk district.

    Azerbaijani positions also underwent fire from the positions located near Tapgaragoyunlu village of Goranboy, Aghdam, Chilaburt, Yarimja and Goyarkh villages of Terter, Shuraabad, Kengerli, Shiklar, Garagashli and Yusifjanli villages of Aghdam, Garakhanbeyli, Horadiz, Ashaghi Seyidahmedli villages of Fuzuli, Mehdili village of Jabrayil district and nameless uplands of Goygol, Goranboy, Khojavand, Jabrayil and Fuzuli districts.

    The enemy was silenced by retaliatory fire.
    6
  • Iran says able to overhaul latest aircraft engines
    30.06.2015 09:44
    http://cdn.trend.az/pictures/2013/07/22/iran_plane_220713_7.jpg
    http://cdn.trend.az/pictures/2013/07/22/iran_plane_220713_7.jpg
    Tehran, Iran, June 29

    By Mehdi Sepahvand - Trend:

    The Iran Aircraft Manufacturing Industrial Company is able to prepare the basics for overhauling the latest airplane engines in three to four months and then to carry out the overhaul, the company's CEO Amir Izadi said.

    By making small changes to the production line, the firm is able to repair any sort of engine, he stressed, Fars news agency reported June 29.

    He said despite international pressure, the company has become able to repair and overhaul various military and civil aircraft by relying on domestic knowhow.

    The US-led sanctions on aircraft and spare parts exports to Iran have left the Iranian airlines saddled with not only some of the oldest fleet in the Middle East, but in the world.

    Last year, Ali Reza Jahangirian, head of Iran's Civil Aviation Organization said the country's airliners would need to order 400 aircraft over the next 10 years to replace its depleting and ageing fleet.

    Out of Iran's 250 commercial planes, about 150 were flying while the rest are "not functional" due to a lack of spare parts, the Iranian official said at the time.

    Iran's four largest carriers - Iran Air, Aseman Airlines, Mahan Air and Iran Air Tours - all have average fleet age above 22 years, according to the Iranian media outlets.

    Edited by CN

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

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    10
  • Iran, P5 1 resume work on drafting text of final nuclear deal
    30.06.2015 09:44
    http:// www.news.az/photos/page-photo/141467.jpg
    http:// www.news.az/photos/page-photo/141467.jpg
    Senior representatives of Iran and the P5 1 group of countries have held talks on drafting the text of a possible final agreement over Tehranв's nuclear program.

    According to Press TV, the Iranian deputy foreign ministers, Abbas Araqchi and Majid Takht-e Ravanchi, held a three-hour meeting with European Union deputy foreign policy chief Helga Schmid in the Austrian capital, Vienna, on Monday.

    The members of Iran's negotiating team also held discussions with US Under Secretary of State for Political Affairs Wendy Sherman on the draft of the final deal.

    Meanwhile, experts from Iran, led by director general for political and international security affairs at Iran's Foreign Ministry, Hamid Baeidinejad, and the six world powers held simultaneous talks.

    Iran and the five permanent members of the UN Security Council - the United States, France, Britain, China and Russia - plus Germany are holding talks to finalize the text of a possible deal over Iran's nuclear program by the end of June.

    The two sides reached a mutual understanding on the key parameters of the potential deal in the Swiss city of Lausanne on April 2.

    Foreign ministers returning to Vienna

    Iran's Foreign Minister Mohammad Javad Zarif, who returned to Tehran from Vienna early Monday, is scheduled to rejoin the nuclear talks on Tuesday.

    Director of the Atomic Energy Organization of Iran Ali Akbar Salehi and Hossein Fereydoun, Iranian President Hassan Rouhani's special aide, are also set to join the negotiating team.

    French and German foreign ministers Laurent Fabius and Frank-Walter Steinmeier as well as British Foreign Secretary Philip Hammond are set to return to the Austrian capital for sensitive nuclear talks as a self-imposed June-end deadline arrives Tuesday.

    Speaking to reporters on Monday, the French foreign minister said he plans to return to Vienna as Iran and the world powers work to finalize a landmark deal on Iran's nuclear program.

    "I will be back in Vienna this week," Fabius said.

    "We have made some progress, but still it is not the end of the process," he added.

    Russia's Foreign Minister Sergei Lavrov also said he would head to Vienna on Tuesday.

    US Secretary of State John Kerry said on Monday that it is still too soon to tell if a comprehensive nuclear deal with Iran is within reach.

    "We're just working and it's too early to make any judgments," Kerry told reporters in Vienna.

    The top US diplomat sat with International Atomic Energy Agency (IAEA) Director General Yukiya Amano in Vienna on Monday.

    On Sunday, the Iranian foreign minister held separate intensive talks with Kerry, European Union foreign policy chief Federica Mogherini, Hammond, and Steinmeier in Vienna. Zarif also met with Chinese Deputy Foreign Minister Li Baodong.
    6
  • Junior Azerbaijani wrestlers win 15 medals in Istanbul
    30.06.2015 09:29
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    http:// www.news.az/photos/page-photo/141465.jpg
    According to AzerTag, Azerbaijani wrestlers have claimed a clutch of 15 medals, including 5 golds in the Junior European Championships in Istanbul, Turkey.

    The gold medals came from Said Hamidov, Sebire Aliyeva, Nofel Babayev, Islam Abbasov and Orkhan Nuriyev.

    Azerbaijan ranked fourth in the overall medal table behind Georgia, Turkey and Russia.
    10
  • Sit-in stopped in Yerevanв's Liberty Square
    30.06.2015 09:29
    http:// www.news.az/photos/page-photo/141466.jpg
    http:// www.news.az/photos/page-photo/141466.jpg
    For technical reasons, the ''No to Plunder'' initiative has for one day postponed the open-ended sit-in in Yerevanв's Liberty Square, despite yesterdayв's announcement.

    The initiative member Maxim Sargsyan told Armenian News - NEWS.am that they postpone the sit-in today for technical reasons. According to him, "The No to Plunder" initiative will hold a press conference on June 30, during which they will present their further action plan. Certain changes may also take place in the managing staff of the initiative.

    Maxim Sargsyan said part of the initiative members will be in Baghramyan Avenue, but the "No to Plunder" will no longer coordinate the protest actions in the Avenue.
    6
  • Canada introduces additional economic sanctions against Russia
    30.06.2015 09:26
    http:// www.news.az/photos/page-photo/141464.jpg
    http:// www.news.az/photos/page-photo/141464.jpg
    Canada introduced additional economic sanctions against 14 Russian legal entities and three individuals. Such information is contained in the statement of Canadian prime minister Stephen Harper posted on the internet page of the Canadian government on Monday, TASS reports.

    Furthermore, Canada imposed a ban on import and export of goods from the territory of Crimea.

    Names of companies and Russian citizens in the lsquo;black list' will be published in the nearest future.
    7
  • Georgian PM reiterates support for constitutional ban of same-sex Marriage
    30.06.2015 09:26
    http:// www.news.az/photos/page-photo/141463.jpg
    http:// www.news.az/photos/page-photo/141463.jpg
    PM Irakli Garibashvili reiterated that he will ''always'' be in favor of introducing a constitutional clause that would define marriage as union of a man and a woman.

    He first voiced the proposal last year, when the government tabled anti-discrimination bill, which was approved by the Parliament in May, 2014, Civil.ge reports.

    Article 36 of the Georgian constitution currently reads: "Marriage shall be based upon equality of rights and free will of spouses."

    But same-sex marriage is already banned by Georgia's civil code, which defines marriage as "voluntary union of a man and a woman.

    Asked in an interview with the Georgian newspaper Asaval-Dasavali if he still supports constitutional ban of same-sex marriage, the PM responded: "I have not changed my opinion; I still maintain the same opinion and always will."

    "What our state is based on? - On our religious belief, which has brought us to these days, and on institution of family, which modern strong Georgia should be based on. Family is called a second temple and I believe, that the family is a source of all good," he said in the newspaper interview published on June 29.

    "Therefore, as Prime Minister and as a citizen of Georgia, I will do everything in order to make a clause in the constitution that will define marriage as union of a man and a woman. Today every country in the world decides this issue on its own. We think, that's how this issue should be addressed in Georgia," Garibashvili said.'
    7
  • Turkey ready for 'any contingency' in border security: PM
    30.06.2015 09:17
    http:// www.news.az/photos/page-photo/141462.jpg
    http:// www.news.az/photos/page-photo/141462.jpg
    Turkish Prime Minister Ahmet Davutoglu has said Turkey was ready to respond to "any contingency" in terms of its border security along the frontiers with Syria and Iraq.

    "If we ever reach to a conclusion that Turkey's borders are under any threat, our country is ready for any contingency and it has done everything necessary for that readiness," Davutoglu told an opening ceremony of an exhibition in Istanbul, Anadolu agency reports.

    In the past few weeks, Turkey has been witnessing another massive inflow of Syrian refugees from Tal Abyad and nearby areas as they flee clashes between Daesh and YPG fighters.

    The Syrian border city was captured on June 15 by the YPG with the help of U.S.-led coalition airstrikes in northeastern Syria to push back Daesh forces.

    YPG, or the Syrian-Kurdish People's Defense Units, is the armed wing of the pro-Kurdish Syrian Democratic Union Party, or PYD, which Turkey has designated as a terror organization.

    By capturing Tel Abyad, Kurdish forces connected the two pieces of land they have controlled in northern Syria along the Turkish border, which Kurdish rebels call Jazirah and Kobani "cantons".

    The lining up of the forces of the Kurdish armed groups in northern Syria has prompted concerns that these groups aim to found a Kurdish state or a full autonomous region.

    "[...] it should be known that the Turkish Armed Forces, our nation and our security forces as a whole are vigilant to maintain the peaceful environment in our country and there will be no room for any neglect in this matter," Davutoglu said.
    13
  • Mehriban Aliyeva: We are the soldiers of our land
    30.06.2015 09:04
    http:// www.news.az/photos/page-photo/141459.jpg
    http:// www.news.az/photos/page-photo/141459.jpg
    "It is the biggest honor to serve Azerbaijan".

    We have proved to the world once again that no vicious forces can indimidate us, and justice, good intentions and unity will always win.

    According to Oxu.Az, the statement came from the first lady of Azerbaijan, chairman of the European Games Operating Committee Mehriban Aliyev speaking at the awarding ceremony following the European Games.

    Addressing Ilham Aliyev, the first lady said:

    "We are grateful to you for the pleasant moments that we have lived within those 17 days. Using the sporting terms, I can say that throughout those 17 days the people of Azerbaijan were a team and you were an honored captain of this team.

    And in this case, it is certainly impossible not to win. It is the biggest honor to serve our homeland, our native Azerbaijan. It is the biggest happiness to live, seeing the results of our service.

    Mr.President, each of us is a soldier of our land and we are ready to serve further for the future of Azerbaijan.

    Thank you for raising Azerbaijan to such heights. May God save you and Azerbaijan", the first lady said.
    9
  • Minister: There were attempts to hack European Games website
    30.06.2015 09:03
    http:// www.news.az/photos/page-photo/141460.jpg
    http:// www.news.az/photos/page-photo/141460.jpg
    Azerbaijan has done everything to resist provocations.

    Minister of Youth and Sports Azad Rahimov has shared his thoughts about the negative publications regarding Azerbaijan and European Games in a number of foreign media.

    "Before European Games and during their conduction, we have seen numerous attempts of various forces to overshadow the preparations held in Azerbaijan for the European Games and the negative comments about the Games via media", the minister said, "On the first days of the Games, there was more negative information in media and social networks, but gradually the number of positive comments went growing. Azerbaijan has done everything possible to resist provocations".
    7
  • Protest action held in Mingechevir
    30.06.2015 08:49
    http:// www.news.az/photos/page-photo/141458.jpg
    http:// www.news.az/photos/page-photo/141458.jpg
    The displaced persons held a protest in Mingechevir.

    The statement came from board member of the Parent Association of Mingechevir Yegana Nabiyeva.

    According to Oxu.Az, she said the protesters blocked the traffic on the bridge via Kur river. Their only demand was to allocate them apartments.

    "After completion of the European Games, the refugees expected that they will be allocated apartments in the Athletes Village in Mingechevir. But there are more refugees than apartments. Therefore, those who wanted to settle in the Athletes Village blocked the traffic on the bridge. The protest was dispersed by the police", Nabiyeva said.

    The city police office of Mingechevir confirmed the information about the protest action.

    "A group of refugee women held an action. They demanded to allocate them apartments. We have communicated their demands to the executive power of the city. We explained them that the apartments are allocated not by the police but the respective committee for refugees. The women accepted our explanations and ended the action", the police office said.
    9
  • Iran after buying flight inspection aircraft
    30.06.2015 08:21
    http://cdn.trend.az/pictures/2014/06/19/iran_flag_190614.jpg
    http://cdn.trend.az/pictures/2014/06/19/iran_flag_190614.jpg
    Tehran, Iran, June 29

    By Mehdi Sepahvand - Trend:

    Iran is going to buy a specialized aircraft for flight inspection.

    The Islamic Republic's Supreme National Security Council has issued permission for buying a flight inspection aircraft, Iranian Airports Co. board of directors member Ahmad Momeni Rokh said.

    He said the Iranian Civil Aviation Organization is now following the purchase of a flight inspection aircraft, Tasnim news agency reported June 29.

    The official added that right now Iran has under lease a Falcon 2000 aircraft that it uses for flight inspection.

    "However, we need an aircraft with specialized panel for doing the flight inspection," Momeni Rokh noted.

    He said that despite sanctions, Iran is able to purchase the inspection aircraft it needs.

    Edited by CN

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    10
  • Tsipras pledges to resign if Greeks accept ultimatum in referendum
    30.06.2015 04:55
    http://cdn.trend.az/pictures/2015/01/26/alexis_tsipras_260115.jpg
    http://cdn.trend.az/pictures/2015/01/26/alexis_tsipras_260115.jpg
    Greek government is ready to resign if the country's population supports the creditor's ultimatum demanding to continue the austerity policy in the country in the upcoming referendum, Prime Minister Alexis Tsipras said, Sputnik reported.

    On Saturday, Tsipras announced that a snap referendum on whether to accept a bailout proposal by Greece's creditors in exchange for unpopular austerity measures would take place on July 5.

    "If the nation wants poverty, which will not allow us to raise the head, we will respect the choice, but will not execute it," the prime minister said in an interview with Greek ERT television on Monday.

    He added that if Greek people want "insulted and humiliated" prime minister, they will have to elect someone else.

    Tsipras backs a 'No' vote in next Sunday's referendum and argues that a rejection of international creditors' proposal by the public would better arm Athens in future possible talks to unlock the next bailout package.

    In return for the financial aid, the creditors mdash; the International Monetary Fund (IMF), the European Union and the European Central Bank (ECB) mdash; stipulated that Greece should fulfil certain demands, including austerity measures and cuts in social benefits, continuous monitoring of the Greek economy by the lenders and unpopular economic reforms.

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    39
  • Zarif, Lavrov to meet Tuesday in Vienna
    30.06.2015 04:15
    http://cdn.trend.az/pictures/2014/12/17/mohammad-javad-zarif.jpg
    http://cdn.trend.az/pictures/2014/12/17/mohammad-javad-zarif.jpg
    Foreign minister of Iran Mohammad Javad Zarif will hold a bilateral meeting with his Russian counterpart Sergei Lavrov on Tuesday in Vienna, Iran's Deputy Foreign Minister Abbas Araghchi told Sputnik.

    "Zarif and Lavrov will have bilateral [meeting] tomorrow. Time is not decided yet," Araghchi said.

    Negotiators from Russia, China, France, Germany, the United Kingdom, the United States and Iran convened in Vienna last week to iron out the remaining differences and reach a final agreement to guarantee the peaceful nature of the Tehran's nuclear program, putting an end to a decade-long standoff.

    Tuesday, June 30, is the final day before the deadline expires for Iran and the P5 1 to reach a final consensus on the Iranian nuclear program.

    The work is still under way, and the deal is expected to be signed a few days after the deadline.

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

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    13
  • Iran is an ideal choice for foreign investment, minister says
    30.06.2015 02:15
    http://cdn.trend.az/pictures/2014/07/31/ali_tayyebnia_310714.jpg
    http://cdn.trend.az/pictures/2014/07/31/ali_tayyebnia_310714.jpg
    IRI Minister of Economy and Finance Ali Tayebnia said in Beijing on Monday that Iran is an ideal choice for foreign investment.

    Tayebnia, who is in Beijing to attend a meeting to sign articles of agreement (AOA) of the Asian Infrastructure Investment Bank (AIIB), which outlines the legal framework and management structure of the institution, told IRNA before leaving the country that there are considerable opportunities for investment in Iran which make the country distinctive worldwide.

    He said abundant natural resources, educated and well-experienced workforce, and easy access to the neighboring states as well as cheap energy sources are among the advantages of Iran for foreign investment.

    He added that foreign investment law in Iran provides necessary support for foreign investors.

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

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    23
  • Fereydoun, Salehi to join Iranian negotiators
    30.06.2015 00:49
    http://cdn.trend.az/pictures/2013/02/13/Salehi_130213.jpg
    http://cdn.trend.az/pictures/2013/02/13/Salehi_130213.jpg
    President's special aide, Hossein Fereydoun, and Head of the Atomic Energy Organization of Iran (AEOI), Ali-Akbar Salehi, will join the Iranian nuclear negotiation team here.

    Salehi and Fereydoun will join Foreign Minister Mohammad-Javad Zarif in his visit to Vienna on Tuesday. Zarif had returned to Tehran on Monday on a pre-planned schedule.

    Salehi and Fereydoun were also present in the previous talks.

    Zarif held bilateral and intensive talks with the US State Secretary John Kerry, the European Union's Foreign Policy Coordinator, Federica Mogherini, German Foreign Minister, Frank-Walter Steinmeier, French Foreign Minister, Laurent Fabius, and Chinese Vice Foreign Minister Li Baodong, on Sunday evening after talks with the UK Foreign Secretary Philip Hammond.

    Informed observers in Vienna believe that there is possibility of a deal in case of the West's flexibility and refusal to push for excessive demand

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

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    21
  • Anti-Iran sanctions issue remains unresolved at nuclear talks
    29.06.2015 23:35
    http://cdn.trend.az/pictures/2013/10/17/p5 1_171013.jpg
    http://cdn.trend.az/pictures/2013/10/17/p5 1_171013.jpg
    Russia, China, France, the UK, the US, Germany and Iran are facing a June 30 deadline in talks on comprehensive nuclear deal. "It is not settled yet," the source said on condition of anonymity.

    The talks on the Iranian nuclear program between P5 1 and Tehran will continue for at least a week, the source said.

    "Another week," the source said when asked how long the diplomats plan to stay in Vienna for the reaching a comprehensive deal on Iran.

    On Sunday, EU foreign policy chief Federica Mogherini said there would be no long-term extension to the talks.

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

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    23
  • Strong and weak candidates for speaker of Turkish parliament
    29.06.2015 22:05
    http://cdn.trend.az/pictures/2015/03/20/turkey_parliament_200315.jpg
    http://cdn.trend.az/pictures/2015/03/20/turkey_parliament_200315.jpg
    Baku, Azerbaijan, June 29

    By Rufiz Hafizoglu - Trend:

    All political parties in Turkey, entitled to be represented in the country's parliament, have already nominated the candidates for the post of speaker. The speaker of the Turkish parliament will be elected this week.

    The ruling Justice and Development Party of Turkey has nominated Defense Minister Ismet Yilmaz, Nationalist Movement Party - former head of the Organization of Islamic Cooperation (OIC) Ekmeleddin Ihsanoglu for the post of speaker. The Republican People's Party has nominated former party leader Deniz Baykal.

    At present, Baykal temporarily heads the Turkish parliament.

    The Peoples' Democratic Party nominated Dengir Mir Mehmet FД±rat, the former deputy chairman of the Justice and Development Party. Later he joined the Peoples' Democratic Party.

    Each party is confident that its candidate will be elected speaker of the parliament. Meanwhile, taking into account the past activity of the candidates, it is clear that there are both strong and weak political figures having no chance to hold this post.

    Despite all his charisma and political experience, Deniz Baykal, who is temporarily heading Turkey's parliament, has no great chances to become the permanent speaker.

    Baykal resigned from the post of the head of Republican People's Party in 2010 due to the scandalous video about his personal life. Interestingly, that time he accused Fethullah Gulen, but not the country's government of what happened. This incident became a serious blow for Baykal and he didn't show any political activity for almost five years.

    Previously, the former head of the Organization of Islamic Cooperation (OIC) Ekmeleddin Ihsanoglu was a single candidate in the presidential election from the Republican People's Party and Nationalist Movement Party. Despite Recep Tayyip Erdogan's victory, Ihsanoglu gathered the major part of votes in the voting held at Turkey's embassies abroad.

    Despite that CHP and MHP will unlikely vote this time for a single candidate, such a possibility should not be totally ruled out. This gives Ihsanoglu some advantages as compared to the other parliamentary speaker candidates.

    A little is known about the other parliamentary speaker candidate, Dengir Mir Mehmet Firat. But it should be noted that Firat is the co-author of the democratic settlement of the Kurdish problem, which kicked off in 2009, after which a part of the PKK militants left Turkey and moved to the neighboring Iraq.

    In 2000, Firat was running to the president's post from the pro-Islamic Fazilet Party (Virtue Party).

    However, all this doesn't give him any advantage.

    Turkey's defense minister, Ismet Yilmaz, the parliamentary speaker candidate from the country's ruling Justice and Development Party, unlike the other two candidates, has more stable political views.

    So, one can assert that the main race for the position of the parliament's speaker will be between Ismet Yilmaz and Ekmeleddin Ihsanoglu.

    However, Ismet Yilmaz is the strongest candidate for that position.

    Edited by CN

    ---

    Rufiz Hafizoglu is the head of Trend Agency's Arabic news service, follow him on Twitter: @rhafizoglu

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    24
  • EBRD allocates major energy loan to Turkey
    29.06.2015 21:08
    http://cdn.trend.az/pictures/2012/05/17/EBRD_logo_Album_170512.jpg
    http://cdn.trend.az/pictures/2012/05/17/EBRD_logo_Album_170512.jpg
    Baku, Azerbaijan, June 29

    By Anvar Mammadov - Trend:

    The European Bank for Reconstruction and Development (EBRD) allocated a long-term financial package to a project for creation of the Efeler largest geothermal power plant in Turkey, said the EBRD in a message June 29.

    The EBRD allocated a $200 million loan for a period of 15 years in addition to the loans granted to the Turkiye Д°s Bankasi ($325 million), Turkiye Sinai Kalkinma Bankasi ($130 million) and the Black Sea Trade and Development Bank ($65 million).

    The Efeler power plant is being built by the subsidiary of the Gurish Holding, one of the leaders in the renewable energy sources in Turkey.

    Turkey's overall geothermal electricity production potential stands at four gigawatts, while the existing capacity reaches 427 megawatts.

    The EBRD also said that by 2023, Turkey's capacity for hydropower production would rise by 34 gigawatts, the wind power production - by 20 gigawatts, the solar energy production - by 5 gigawatts, the energy production from biomass - by one gigawatt and the geothermal energy production - by one gigawatt.

    The EBRD started to invest in Turkey in 2009. Over the past six years, the EBRD has invested over $5.5 billion in Turkey to finance more than 150 projects.

    Edited by CN

    ---

    Follow the author on Twitter: @Anvar_Mammadov

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    16
  • Shootout on border of Kyrgyzstan, Uzbekistan
    29.06.2015 20:58
    http://cdn.trend.az/pictures/2013/07/31/border_soldiers_310713.jpg
    http://cdn.trend.az/pictures/2013/07/31/border_soldiers_310713.jpg
    Baku, Azerbaijan, June 29

    By Elena Kosolapova - Trend:

    A shootout took place on the state border of Kyrgyzstan and Uzbekistan June 29 between the two countries' border detachments, the Kyrgyz border service said.

    The border service said in a message that the Kyrgyz border detachment rebuked the Uzbek border guards who were at the time on the state border.

    "In response to the Kyrgyz servicemen's demands not to violate the state border and carry out patrol at a certain distance from the state border, the Uzbek border detachment opened fire on the Kyrgyz servicemen," said the message.

    The exchange of fire between the two countries' border detachments took place at an undocumented site of their border.

    There are no casualties on the Kyrgyz side.

    An investigation was launched into the incident.

    Edited by CN

    ---

    Follow the author on Twitter: @E_Kosolapova

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    9
  • Protestors intend to hold march in Yerevanв's center tonight
    29.06.2015 20:42
    http://cdn.trend.az/pictures/2015/06/29/armenia_protest_290615.jpg
    http://cdn.trend.az/pictures/2015/06/29/armenia_protest_290615.jpg
    Baku, Azerbaijan, June 29

    Trend:

    The participants of the protest action against the increase of electricity tariffs in Armenia, intend to hold a march on Yerevan's central streets and then return to the Marshal Baghramyan Avenue and stay there "until gaining a victory", the organizers of the protest action said.

    "We have only one demand - to suspend the fulfillment of the decision on increasing the tariffs for electricity," the organizers of the protest action added, RIA Novosti reported.

    Yerevan's central avenue, where the buildings of the presidential administration, parliament, the Constitutional Court and several embassies are located, have been blocked by the protestors for more than a week.

    On June 23, the Armenian police broke up a rally in the center of the country's capital. The rally was held in protest against the increased electricity tariffs. The protests in the streets resulted in use of water cannons against people. Over 230 people got arrested as a result of violent crackdown, including journalists of Gala TV, the Radio Liberty's Armenian office, the Haykakan Zhamanak newspaper, the Hetq, News.am, Panarmenian.net news agencies.

    On June 17, Armenia's Public Services Regulatory Commission, considering a request from the distribution company, Electric Networks of Armenia, which is a subsidiary of the Inter RAO UES, raised the electricity tariffs by 6.93 Armenian drams (about $0.015). This caused discontent among the population that believes the rise in the cost of electricity will lead to higher prices for essential goods and many services.

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    13
  • Accession to EU '" Turkey в's strategic choice, says former minister
    29.06.2015 20:24
    http://cdn.trend.az/pictures/2015/06/28/trend_egemen_bakish_180909_2.jpg
    http://cdn.trend.az/pictures/2015/06/28/trend_egemen_bakish_180909_2.jpg
    Baku, Azerbaijan, June 29

    By Rufiz Hafizoglu - Trend:

    Accession to the EU is a strategic choice of Turkey, Egemen Bagis, Turkey 's former minister for EU affairs told Trend.

    He said that the EU is a center of the democratic values and the supremacy of human rights for Turkey.

    " Turkey 's EU membership doesn't mean that it will refuse from or change its policy in the region," Bagis said.

    The official negotiations on Turkey 's accession to the EU were resumed in 2005.

    Turkish Deputy Prime Minister Bulent Arinc earlier said that if previously 75 percent of Turkey 's population supported the country's accession to the EU, currently, this figure has dropped to 20 percent.

    Turkey has fulfilled 65 percent of its commitments to the EU for accession to this organization.

    'ЁEarlier, the country's Minister for EU Affairs Volkan Bozkir said the negotiations between Turkey and EU can't continue in the format required by the organization. He said at the time that democracy in Turkey is at a higher level than in some European countries.

    Edited by CN

    ---

    Follow the author on Twitter: @rhafizoglu

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    15
  • Turkmenistan, Georgia to ink several bilateral documents
    29.06.2015 20:24
    http://cdn.trend.az/pictures/2014/01/28/handshake_280114.jpg
    http://cdn.trend.az/pictures/2014/01/28/handshake_280114.jpg
    Ashgabat, Turkmenistan, June 29

    By Huseyn Hasanov - Trend:

    Turkmenistan's President Gurbanguly Berdimuhamedov plans to make a trip to Georgia on July 2-3.

    The government of Turkmenistan said in a message on June 29 that after holding the next high-level meeting between the two countries, it is planned to sign a number of bilateral documents.

    The visit, according to the message, is meant to become "the next important step on the path to further strengthening of the traditionally friendly interstate relations, to contribute to the optimal realization of the current potential of the cooperation established on an equal, mutually beneficial and long-term basis."

    Turkmenistan and Georgia see the trade and economic area, the transportation and communication sector, and the power industry among the priority areas of their partnership.

    Tbilisi has earlier drawn attention to that Georgia is an important part of the South Caucasus transport and energy corridor, expressing its readiness to provide a reliable and secure transit of energy resources through its territory from the Caspian and Central Asian countries.

    Edited by CN

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    10
  • Amount spent on European Games made public
    29.06.2015 20:23
    http:// www.news.az/photos/page-photo/141456.jpg
    http:// www.news.az/photos/page-photo/141456.jpg
    Azad Rahimov spoke about profits.

    AZN 916 mln have been spent on the organization of the first European Games Baku-2015.

    According to Oxu.Az, the statement came from the Minister of Youth and Sports Azad Rahimov speaking at today's press conference.

    "This amount includes salaries, ceremonies, information technologies, temporary infrastructure. Despite the devaluation of the manat, we met the initial budget, although it was possible to expect an increase in the budget by 30%-40%.

    AZN 100 mln were scheduled to spent on opening and closing ceremonies. Exact calculation will be made in the next few days, and this amount is likely to be less.

    As for the payoff of the Games, we received at the moment AZN 15-17 mln from the sale of tickets, sponsors and broadcasting rights."
    13
  • A glance at Iran's power sector in last quarter
    29.06.2015 20:22
    http://cdn.trend.az/pictures/2015/02/11/trend_dalga_khatinoglu.jpg
    http://cdn.trend.az/pictures/2015/02/11/trend_dalga_khatinoglu.jpg
    Baku, Azerbaijan, June 29

    By Dalga Khatinoglu

    Although Iran's power generation capacity remained unchanged, the delivered fuel to power plants increased by 2.43 percent to about 17 billion cubic meters of gas equivalent during first three months of Iran's fiscal year, started on March 21.

    According to the latest weekly report, published by Iran's Energy Ministry covering a period from March 21 to June 20 (spring), Iranian power plants consumed 15.585 billion cubic meters (bcm) of gas ( 18.7 percent), 441 million liters of gas-oil (-71.9 percent) as well as 940 million liters of fuel oil (- 49.7 percent) during spring.

    In total, the fuel usage in power sector increased by 2.45 bcm, while the power generation capacity increased 8 megawatt (MW, a unit for measuring power) to 73,157 MW during the mentioned period.

    However, during spring the actual power production capacity reached 46,824 MW, while this figure was 45,426 MW during the same period in the last year.

    During last fiscal year, ended on March 21, Iran added 2.87 GW to its power generation capacity while for the current year growth in production of some 2.5 GW power is planned.

    Besides wasting electricity in the network, the other major problem in Iran's power sector is the low efficiency of the country's power plants, which stands at 37 percent.

    Among 10 thermal power plants, whichare planned to become operational during the current year, only two power plants are combined cycle power plants with about 45 percent efficiency.

    Iran has aimed to change all of gas thermal power plants with 31 percent efficiency into combined power plants (CCPP). CCPPs share currently about 25.28 percent of the country's total power generation capacity.

    During the last fiscal year, Iran decreased electricity export by 14 percent to a 9.95 billion kWh (a unit for measuring energy), while its electricity import increased by 2 percent to 3.769 billion kWh.

    The new statistics indicate that Iran decreased electricity power export decreased by 27 percent to 2.21 billion kWh and imports increased by 15 percent to 1.2 billion kWh during spring.

    Edited by CN

    Dalga Khatinoglu is an expert on Iran's energy sector, head of Trend Agency's Iran news service

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    12
  • Wimbledon 2015: Novak Djokovic denies 'cheating' claims
    29.06.2015 20:12
    http://www.today.az/pictures/pic141794.jpg
    http://www.today.az/pictures/pic141794.jpg
    World number one Novak Djokovic has denied claims of receiving illegal coaching during his matches but admitted Sunday that players do find a way to bend the rules to their advantage.

    On the eve ofВ his Wimbledon title defense, Djokovic was questioned over reported comments made by his coach Boris Becker, who suggested that he and the other backroom staff "have our ways" of signaling to the Serbian "to tell him it's good or it's bad."

    ATP rules specifically forbid communication "of any kind, audible or visible, between a player and a coach" but Djokovic was quick to defend himself against allegations of cheating.

    "I don't think that's how you can call it," he told gathered reporters.

    "I mean, there are special ways of, I would say, communication. The way you look at each other, the way you 'feel' your box, and box 'feels' what you're going through on the court. I think that's something that just gives you that reassurance, gives you that confidence.

    Djokovic, who opens on Centre Court Monday against Philipp Kohlschreiber, ridiculed the notion that Becker or any of his team could make overt signals to him.

    /By CNN/
    9
  • Kazakhstanв's Oil Insurance Company to maintain current competitive position in 2015 - SP
    29.06.2015 20:09
    http://cdn.trend.az/pictures/2011/12/23/Standard_Poor_231211.jpg
    http://cdn.trend.az/pictures/2011/12/23/Standard_Poor_231211.jpg
    Baku, Azerbaijan, June 29

    Trend:

    Standard amp; Poor's Ratings Services had lowered its long-term insurer financial strength and counterparty credit ratings on Kazakhstan-based JSC Oil Insurance Co. (NSK) to 'B' from 'B '.

    The outlook is stable. At the same time, we lowered the Kazakhstan national scale rating to 'kzBB ' from 'kzBBB'.

    The downgrade reflects our view that the company's capital adequacy, liquidity, and financial flexibility have significantly weakened following a large claim recognized in May 2015. We note that the company currently plans to restore its financial standing by generating sufficient net income. We don't factor in any capital support provided by shareholders, because we have no clear view on their willingness to provide it or of the possible timing, the statement said.

    Following a court decision in May 2015, NSK fully paid the claim on the aviation liability insurance in compensation for the death of the passengers in the amount Kazakhstan's tenge (KZT) 1.1 billion (about $5.5 million). Following this payment, the company's capital adequacy deteriorated dramatically, both based on Kazakhstan regulatory requirements and on our internal capital model. We therefore have revised our capital and earnings assessment to "less than adequate" from "lower adequate."

    The company's operations are pressured by the regulatory solvency margin and liquidity ratio, which are both significantly below the required ratio of 1x. The company has provided a list of measures to the regulator that it intends to take in order to restore key figures. The list includes expected release of reserves, better control over acquisitions, and lowering administrative expenses. The company expects that it will be able to restore its solvency and liquidity ratios by the end of this year.

    "Our base-case scenario is that the company will show a loss based on 2015 results," Samp;P said. "There is a possibility that the company's bottom-line results could be positive if, by the end of 2015, NSK is able to receive back the amount of the claim as a subrogation or win the appeal against the earlier court decision regarding the large claim. However, we understand that this process could be quite a lengthy one and can materialize at the earliest in 2016. We have therefore not factored such recovery into our expectations."

    "We could lower the ratings if the company is unable to maintain its competitive position at the current level or is unable to generate marginally profitable business," Samp;P said. "If we consider that liquidity poses a severe risk to NSK's operations and its activity as a going concern, we will likely cap the rating at 'B-'."

    A positive rating action is remote at this stage, unless the company is able to sustainably restore its capital via internal capital generation or as a result of winning the appeal. Receipt of an additional capital injection from its shareholders may support our assessments of capital and earnings and financial flexibility.

    ---

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    8
  • European Games have great success ahead of them - Simon Clegg
    29.06.2015 20:06
    http://cdn.trend.az/pictures/2015/06/27/trend_saymon_cleg_080514_.jpg
    http://cdn.trend.az/pictures/2015/06/27/trend_saymon_cleg_080514_.jpg
    Baku, Azerbaijan, June 29

    Aygun Badalova - Trend:

    The European Games have great success ahead of them, and in that regard Baku has played a very important role in establishing this event, Chief Operating Officer of the first European Games Baku 2015 Simon Clegg said June 29 at the final press conference in Baku, dedicated to the European Games.

    Clegg said that the Games were important both for Azerbaijan and the whole European sports.

    He further said that it is not up to him to say what the future of the European Games will be.

    "Most important is to hear what the athletes have to say," Clegg said. "And the athletes left Azerbaijan not only with fantastic experience of this country but also had a very high-level competition."

    "If the athletes want to come back for the next European Games, and if we are going to have the best athletes, then I am sure the broadcasters will attend it, and the sponsors will follow."

    Simon Clegg thanked the amazing team of BEGOC, some 2,500 Azerbaijanis and expatriates who worked on the European Games for the last 30 months.

    He also thanked the sponsors, broadcasters and the media outlets.

    "Thank you for believing in this project," Clegg said, adding that this event had no history before.

    "We came to you with a blank piece of paper and you believed in us and in this project. As a result of your support and commitment, the European Games not only became a reality, but it also has an amazing future ahead of it in 2019 and 2013," Clegg said.

    Clegg didn't forget to mention the volunteers and the flame keepers as well.

    "They have been the people that the athletes, officials and spectators have related to," Clegg said. "And they showed up day after day with smile on their faces, trying to do their best for Azerbaijan. Without their support, it would've been impossible to organize this event. The opening ceremony was a stunning success."

    "We can look back with pride, in terms of contribution that we've made to this event," Clegg said.

    The European Games kicked off in Baku June 12 and wrapped up on June 28. Baku 2015 First European Games hosted 20 sports - 16 Olympic and four non-Olympic sports.

    More than 6,000 athletes from across Europe came to Baku to represent their nations over 17 days of competition. Baku was awarded the games by the European Olympic Committees (EOC) in December 2012.

    ---

    Aygun Badalova is Trend Agency's staff journalist, follow her on Twitter: @AygunBadalova

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    8
  • Smugglers kill Iranian border guard
    29.06.2015 20:06
    http://cdn.trend.az/pictures/2013/08/11/gaza_border_110813.jpg
    http://cdn.trend.az/pictures/2013/08/11/gaza_border_110813.jpg
    Baku, Azerbaijan, June 29

    By Umid Niayesh - Trend:

    An Iranian border guard was killed during an armed confrontation with drug smugglers in the country's southeastern province of Sistan and Baluchestan.

    The incident took place early morning on June 29 in the Iran-Pakistan border near the city of Saravan when the armed smugglers were crossing the border, Rohambakhsh Habibi, commander of the province's border guards said, Iran 's Fars news agency reported.

    The smugglers left their drug consignment and escaped inside Pakistan after the police operation, the commander said, adding some 1.67 metric tons of drugs were seized from the smugglers.

    The Iranian commander also accused Pakistan of neglecting the security issue of the joint border with Iran.

    Habibi said that Iran has protested to Pakistan officially and the foreign ministry is pursuing the issue.

    Iran is situated on a major drug route between Afghanistan and Europe, as well as the Gulf States. The Islamic Republic shares about 900 kilometers of common border with Afghanistan, over which 74 percent of opium is smuggled.

    It was reported that some 490 metric tons of drugs were seized in the country during the last fiscal year (ended on March 20).

    The fight against drugs annually costs Iran about $1 billion, according to the official estimates.

    The statistics also say there are about two million drug users in Iran.

    Last February, Rouzbeh Kardouni, the head of Social Vulnerabilities Office at the Iranian Ministry of Cooperatives, Labor and Social Welfare said that annually about 450 metric tons of opium is used in Iran, which is equal to 42 percent of total opium consumption in the world.

    Edited by CN

    Follow the author on Twitter: @UmidNiayesh

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

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    9
  • Iran cuts two menв's hand fingers for stealing
    29.06.2015 20:01
    http://cdn.trend.az/pictures/2008/06/10/Prison-170707.jpg
    http://cdn.trend.az/pictures/2008/06/10/Prison-170707.jpg
    Baku, Azerbaijan, June 29

    By Umid Niayesh - Trend:

    Iran has amputated the fingers of the hand of two convicted thieves in a prison in northeastern city of Mashhad.

    The punishment was carried out on June 28, Iran 's Khorasan newspaper reported.

    One of the convicts whose fingers ware cut off had committed ten robberies. Another convict, a 26-years-old man was committed also several robberies.

    The defendants earlier appealed against the ruling, however the local appeal court confirmed the primary verdict.

    Cutting off the hands of thieves is allowed under the Islamic Republic laws, however it has been rare in recent years.

    Edited by CN

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    9
  • Azerbaijani president awards Kemaleddin Heydarov and Azad Rahimov
    29.06.2015 19:58
    http:// www.news.az/photos/page-photo/141454.jpg
    http:// www.news.az/photos/page-photo/141454.jpg
    Azerbaijani President Ilham Aliyev has signed an order on awarding winners of the first European Games and people who have contributed to the development of Azerbaijani sports.

    Minister of Emergency Situations Kemaleddin Heydarov and Minister of Youth and Sports Azad Rahimov are among the awardees.

    Kemaleddin Heydarov was awarded with the 2nd degree order "Merits for the Motherland" and Azad Rahimov with Shohrat (Glory) order.
    9
  • Kazakhstan's energy consumption to double by 2035
    29.06.2015 19:47
    http://www.today.az/pictures/pic141793.jpg
    http://www.today.az/pictures/pic141793.jpg
    /By AzerNews/

    By Aynur Karimova

    The International Energy Agency forecasts the energy consumption of Kazakhstan to double by 2035, Tomasz Telma, Regional Director of the International Finance Corporation for Europe and Central Asia, said at a seminar on the application of best international practices to the development of renewable energy projects in Kazakhstan last week.

    Kazakhstan is among 10 countries with the highest level of energy intensity of the economy, and this trend is not declining. Therefore, according to Telma, the modernization of the Kazakh economy will be connected to a serious reduction in energy intensity so that the economy would be less dependent on the consumption of energy.

    Clean energy is a very important issue for Kazakhstan and Central Asia as whole, where it is of particular relevance.

    IFC focuses its activity on reducing carbon emissions and increasing the efficient use of water and land resources.

    Kazakhstan has real chances to improve energy efficiency

    Telma believes that Kazakhstan enjoys real opportunities to improve energy efficiency in all sectors of the economy. The country is also taking important steps in the development of renewable energy sources and increasing the number of environmental measures.

    Kazakhstan is an important player in the development of clean energy. The country plans to implement 106 projects on renewable energy by 2020'"in particular, 34 wind farm, 41 hydropower plant, 28 solar plant and three biogas plant projects.

    Energy-rich Kazakhstan is currently looking for ways to use renewable energy sources. In late January, an action plan was adopted on the development of renewable energy sources for a period from 2013 to 2020.

    This week a new 50 MW solar project is planned to be inaugurated in Zhambyl region. Kazakhstan also expects the production of energy from Yereimentau Wind Park in the second half of 2015.

    The Energy Ministry is interested in involving renewable energy sources as a part of the country's energy balance, reducing emissions into the environment, and bringing these standards to the European level by 2030.

    Astana Solar LLP, a company involved in the production of solar cells, said earlier that the share of renewable energy sources in Kazakhstan's power grid will reach 3 percent by 2020.

    Experts believe that Kazakhstan must turn to alternative energy sources by 2030, as traditional sources are being exhausted and their prices are rising. They claim that about 20-30 percent of energy consumption can be saved by using alternative energy resources.

    According to a recently adopted concept for the transition to a 'green economy,' in case of high domestic prices for natural gas, the energy basket of the country will comprise of 11 percent of wind and solar energy sources, while the share of nuclear power will reach 8 percent, hydropower 10 percent, gas 21 percent and coal 49 percent by 2030.

    Given Kazakhstan's natural conditions, it is clear that the most promising alternative energy sector is wind power generation. Relevant studies conducted in the Central Asian state's regions showed that wind power generation has vast potential.
    10
  • Kazakhstan's energy consumption to double by 2035
    29.06.2015 19:47
    http://www.today.az/pictures/pic141793.jpg
    http://www.today.az/pictures/pic141793.jpg
    /By AzerNews/

    By Aynur Karimova

    The International Energy Agency forecasts the energy consumption of Kazakhstan to double by 2035, Tomasz Telma, Regional Director of the International Finance Corporation for Europe and Central Asia, said at a seminar on the application of best international practices to the development of renewable energy projects in Kazakhstan last week.

    Kazakhstan is among 10 countries with the highest level of energy intensity of the economy, and this trend is not declining. Therefore, according to Telma, the modernization of the Kazakh economy will be connected to a serious reduction in energy intensity so that the economy would be less dependent on the consumption of energy.

    Clean energy is a very important issue for Kazakhstan and Central Asia as whole, where it is of particular relevance.

    IFC focuses its activity on reducing carbon emissions and increasing the efficient use of water and land resources.

    Kazakhstan has real chances to improve energy efficiency

    Telma believes that Kazakhstan enjoys real opportunities to improve energy efficiency in all sectors of the economy. The country is also taking important steps in the development of renewable energy sources and increasing the number of environmental measures.

    Kazakhstan is an important player in the development of clean energy. The country plans to implement 106 projects on renewable energy by 2020'"in particular, 34 wind farm, 41 hydropower plant, 28 solar plant and three biogas plant projects.

    Energy-rich Kazakhstan is currently looking for ways to use renewable energy sources. In late January, an action plan was adopted on the development of renewable energy sources for a period from 2013 to 2020.

    This week a new 50 MW solar project is planned to be inaugurated in Zhambyl region. Kazakhstan also expects the production of energy from Yereimentau Wind Park in the second half of 2015.

    The Energy Ministry is interested in involving renewable energy sources as a part of the country's energy balance, reducing emissions into the environment, and bringing these standards to the European level by 2030.

    Astana Solar LLP, a company involved in the production of solar cells, said earlier that the share of renewable energy sources in Kazakhstan's power grid will reach 3 percent by 2020.

    Experts believe that Kazakhstan must turn to alternative energy sources by 2030, as traditional sources are being exhausted and their prices are rising. They claim that about 20-30 percent of energy consumption can be saved by using alternative energy resources.

    According to a recently adopted concept for the transition to a 'green economy,' in case of high domestic prices for natural gas, the energy basket of the country will comprise of 11 percent of wind and solar energy sources, while the share of nuclear power will reach 8 percent, hydropower 10 percent, gas 21 percent and coal 49 percent by 2030.

    Given Kazakhstan's natural conditions, it is clear that the most promising alternative energy sector is wind power generation. Relevant studies conducted in the Central Asian state's regions showed that wind power generation has vast potential.
    12
  • Turkmenistan, China exchange instruments of Treaty of Friendship, Cooperation
    29.06.2015 19:45
    http://cdn.trend.az/pictures/2012/06/07/Turkmenistan_China_flags_albom_070612.jpg
    http://cdn.trend.az/pictures/2012/06/07/Turkmenistan_China_flags_albom_070612.jpg
    Ashgabat, Turkmenistan, June 29

    By Huseyn Hasanov- Trend:

    Ratification instruments exchange of the Treaty of Friendship and Cooperation between Turkmenistan and China took place in Ashgabat, the message of the government of Turkmenistan said.

    From the Turkmen side, the corresponding protocol was signed by Deputy Prime Minister, Foreign Minister Rashid Meredov, from the Chinese side - Ambassador to Turkmenistan Xiao Qinghua.

    After the official ceremony, the sides stressed that the Treaty of Friendship and Cooperation between Turkmenistan and China signed on May 12, 2014 following the visit of President of Turkmenistan Gurbanguly Berdimuhammadov to China is the founding document in the legal basis of the two countries.

    At the same time it was noted that this agreement, which embodied the positive experience of political-diplomatic, economic and trade, cultural and humanitarian cooperation between the two countries, identifies priority areas of multifaceted cooperation between Turkmenistan and China in the long term.

    Turkmenistan and China are strategic economic partners. The key point of interaction between the two countries began commissioning of the common gas pipeline through Uzbekistan and Kazakhstan to supply Turkmen gas to China in 2009.

    Edited by CN

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    9
  • Ohanyan visits border with Nakhchivan
    29.06.2015 19:44
    http:// www.news.az/photos/page-photo/141453.jpg
    http:// www.news.az/photos/page-photo/141453.jpg
    The minister has met the personal staff.

    Armenian Defense Minister Seyran Ohanyan has visited the border with Nakhchivan.

    Oxu.Az reports citing news.am that he visited a trench in Gorayk village, familiarized with the situation, pecularities of combat duty. He also met and talked to the personal staff.

    Armenian media earlier reported that an Armenian soldied died as a result of ceasefire violation in this area several days ago.
    8
  • Closing ceremony of first European Games shows Bakuв's closeness to Europe
    29.06.2015 19:43
    http://cdn.trend.az/pictures/2015/02/14/trend_azad_rahimov_040414.jpg
    http://cdn.trend.az/pictures/2015/02/14/trend_azad_rahimov_040414.jpg
    Baku, Azerbaijan, June 29

    By Aygun Badalova - Trend:

    The closing ceremony of the first European Games in Baku showed joy filled hearts of Azerbaijani citizens, Azerbaijani Youth and Sports Minister Azad Rahimov said at the press conference June 29.

    "It showed that Azerbaijani people want to be closer to the world," he said. "The ceremony also showed Europe's closeness to Baku and Baku's closeness to Europe."

    "I did not expect that our team could rank second in the overall team standings," he said. "We have 56 medals. Our athletes have contributed to the history of the country's sports."

    Rahimov expects that Azerbaijan will host a lot of major sporting events, which would please and unite people.

    "The strongest athletes participated in the European Games," he said. "Some 12 of 16 (Olympic) kinds of sports were qualifying in nature. This is a great opportunity for the athletes. Nobody wants to lose it. The strongest athletes participated in these 12 kinds of sports."

    More than 100 Olympic champions and world champions participated in the European Games.

    He said that some 100 million manat were allocated from the budget for the opening and closing ceremonies of the European Games.

    "But I think that this amount will be smaller in the final calculation of the total expenditure," he said. "Baku 2015 budget is 960 million manat. And we have not gone beyond this amount."

    "Some 1,248 media representatives were accredited to cover the European Games," he said. "Some 665 of them are local journalists, 583 - foreign."

    "Some 4,859 people attended i-zone (press zone) daily," the minister said. "Some 61 TV channels from 145 countries broadcast the games."

    "The opening ceremony was broadcast in 120 countries," the minister said

    The European Games kicked off in Baku June 12 and ended June 28. There was a total of 20 sports at Baku 2015: 16 Olympic sports and four non-Olympic sports.

    More than 6,000 athletes from across Europe represented their nations over 17 days of competition.

    Edited by CN

    ---

    follow the author on Twitter: @AygunBadalova

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    8
  • National gymnasts shine in Turkey
    29.06.2015 19:43
    http://www.today.az/pictures/pic141791.jpg
    http://www.today.az/pictures/pic141791.jpg
    /By AzerNews/

    By Amina Nazarli

    The 7th Rhythmic Gymnastics International Tournament wrapped up in Istanbul, Turkey on June 28.

    The two day sporting event brought together many athletes including Azerbaijani gymnasts -- representatives of Baku Gymnastics School and Republican Complex Sports School.

    National gymnasts showed great results during the tournament. Aylin Gulubekova, 6, and Seldjan Hajizada, 10 , took the first places at the event. Jala Guliyev (10), Nargiz Ramazanova (7) and Laman Jabbarli (10) placed second, while eight years old Nuray Hasanzada became the third.

    Meanwhile, the Baku Gymnastics School is going to hold the Final Competition in Rhythmic Gymnastics on July 2-3.
    12
  • Ilham Aliyev awards Mehriban Aliyeva with Heydar Aliyev Order
    29.06.2015 19:37
    http:// www.news.az/photos/page-photo/141450.jpg
    http:// www.news.az/photos/page-photo/141450.jpg
    President Ilham Aliyev also awarded winning athletes.

    A meeting with our athletes - winners of the first European Games and their coaches, representatives of the sports community of Azerbaijan and foreign partners, who helped to organize the Games was held on June 29 in Baku.

    Oxu.Az reports citing AzerTag that the ceremony was attended by Azerbaijani President Ilham Aliyev, First Lady, Chairman of the Organizing Committee of the first European Games Baku-2015 Mehriban Aliyeva and members of their family.

    The head of state delivered a speech.

    Then the ceremony of awarding was held.

    Speaking at the ceremony, chief operating officer of the Operating Committee of the European Games, Simon Clegg, Youth and Sports Minister Azad Rahimov thanked the President for the support in organizing the Games at a high level.

    The Decree of President Ilham Aliyev on June 29, 2015 on awarding Mehriban Aliyeva with the Heydar Aliyev Order for fruitful activity in the development of culture, education, health and sports in Azerbaijan, the promotion of the cultural heritage of the Azerbaijani people on an international scale and high achievements in the organization of the first European Games was read out at the ceremony.

    The head of state presented the Heydar Aliyev Order to Mehriban Aliyeva.
    10
  • Iran says no further stage to nuclear talks unless new scenario adopted
    29.06.2015 19:18
    http://cdn.trend.az/pictures/2015/03/30/iran_nuclear_30032015.jpg
    http://cdn.trend.az/pictures/2015/03/30/iran_nuclear_30032015.jpg
    Tehran, Iran, June 29

    By Mehdi Sepahvand - Trend:

    An Iranian nuclear negotiator says there is to be no new stage to the ongoing nuclear talks unless there is a new scenario.

    "We want to reach a conclusion by June 30. On June 30, we will hold the time and reset the clocks. The job may last another seven or eight days, but there will be no extension," the unnamed official said, IRNA news agency reported June 29.

    He pointed out that the US Congress is going to go on summer holiday on July 9 and the US government wants to hand the nuclear deal to the Congress before that date.

    He implied that if the negotiations extend beyond that date, it will mean a new phase to the talks has begun and that the current phase with its specific format has ended.

    P5 1 Group (United States, Britain, France, China, Russia and Germany) reached a politic agreement with Iran on April 2, while the sides have been attempting to achieve a comprehensive nuclear agreement by self-imposed deadline on June 30.

    The U.S. State Department's Persian Language Spokesperson Alan Eyre who is a member of the U.S. nuclear negotiator team told Trend June 28 that despite the remaining gaps between Iran and the six world powers, long-term extension of nuclear talks is improbable.

    Edited by CN

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    11
  • Kazakhstan OKs agreement on Caspian Sea
    29.06.2015 19:17
    http://www.today.az/pictures/pic141787.jpg
    http://www.today.az/pictures/pic141787.jpg
    /By AzerNews/

    By Vusala Abbasova

    The Parliament of Kazakhstan ratified an agreement with Turkmenistan on the division of the Caspian Sea on June 25, under which both countries will provide favorable conditions for the exploration, development, and utilization of seabed and subsoil resources.

    The agreement determines the Caspian maritime territorial boundary between Kazakhstan and Turkmenistan. The long-awaited treaty enables Kazakhstan to almost completely remove the issue of maritime border disputes in the Caspian Sea from its agenda.

    The document opens the possibility for the creation of a free trade zone as well as cooperation in the field of transport in the Caspian Sea, which were suggested by the Turkmen and Kazakh presidents during Caspian Summit in September 2014.

    Moreover, the agreement will stimulate a further solution in the issue on the delimitation of the Caspian Sea between the five littoral states'"Kazakhstan, Turkmenistan, Azerbaijan, Russia and Iran.

    There are two possible solutions to the issue on the legal status of the Caspian Sea, which has been ongoing for more than 20 years: delimitation using a midline modified method or division into 5 equal parts of 20 percent share.

    The five coastal states, Azerbaijan, Kazakhstan, Russia, Turkmenistan, and Iran, signed a framework convention on the protection of the marine environment of the Caspian Sea in November 2003.

    Kazakhstan, Azerbaijan and Russia signed an agreement on the delimitation of their respective Caspian maritime borders on May 14, 2003.

    Baku supports defining the Caspian Sea's legal status based on the sovereign rights of the littoral states, a mutually beneficial partnership, and peaceful negotiations.

    Azerbaijan, together with Kazakhstan and Russia, agreed on the delimitation of the sea in early 2000. Turkmenistan and Iran, however, have not reached a consensus yet.

    Once all Caspian states ratify the Agreement on Security Cooperation in the Caspian Sea, signed on November 18, 2010 in Baku, a new impetus will be given for close cooperation between the sides.
    12
  • Plevneliev: Azerbaijani gas will help reduce prices
    29.06.2015 19:17
    http:// www.news.az/photos/page-photo/141448.jpg
    http:// www.news.az/photos/page-photo/141448.jpg
    "Azerbaijan is our strategic partner."

    Bulgarian President Rosen Plevneliev hopes that Azerbaijan will help to diversify sources of natural gas, Oxu.Az reports citing Bulgarian media.

    "Bulgaria is doing its best for diversification and Azerbaijan is our strategic partner in this direction", Plevneliev said in Baku on June 28, before the meeting with Ilham Aliyev.

    Plevneliev said that Bulgaria's strategic goal is to have different sources of gas and the market-oriented price, rather than reliance on a single supplier monopoly.

    "It's no secret that Bulgaria still buys natural gas at the highest price. Bulgarians and our industry do not deserve it. Low prices will help to create new jobs and increase the income of Bulgarian industry," the President said.
    8
  • The European Games: proof of Azerbaijani can-do
    29.06.2015 19:10
    http://cdn.trend.az/pictures/2015/04/30/trend_claude_salhani_small_170215.jpg
    http://cdn.trend.az/pictures/2015/04/30/trend_claude_salhani_small_170215.jpg
    Baku, Azerbaijan, June 29

    By Claude Salhani - Trend:

    Azerbaijan has kept its word. Azerbaijan had promised Europe and the world well organized Games and they delivered.

    In fact they more than delivered. The European Games, went off without a hitch.

    The rest of the events - 20 sports, 16 Olympic and four non-Olympic sports unfolded with the precision of a Swiss watch.

    More than 6,000 athletes from across Europe came to Baku to represent their nations over 17 days of competition.

    From the opening session that gave us an all the wonders of the mythical magic of Azeri folklore including a flying carpet and scenes from the Land of Fire's history books, to the fantastic display of fireworks that illuminated Baku, made the country shine in more than one way.

    From a logistics perspective, it was smooth sailing, too.

    Ferrying around some 6,000 athletes to and from multiple locations, the athletes' village, the training sites and the stadiums is no small feat. Not to mention the hundreds of journalists and television crews, security personnel and of course the spectators.

    Moving that many people around when tied to a strict timetable is not always easy.

    A number of athletes are not very likely to ever forgive, nor forget how they missed arriving at their stadium in time to compete because the drivers had missed the exit and by the time the buses turned around and back-tracked, it was too late. This happened at the 1996 in Atlanta, Georgia.

    But here Azerbaijani "can-do' attitude prevailed.

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    11
  • Closing ceremony of ''Baku-2015'' the first European Games held at the Olympic Stadium - ESSION - UPDATED
    29.06.2015 18:59
    http://apaholding.az/upload/images/photos/apa_logo.png
    http://apaholding.az/upload/images/photos/apa_logo.png
    Baku. Ramiz Mikailoglu - APA. The closing ceremony of the "Baku-2015" first European Games ended.

    The closing ceremony of the Games began at 21:00 at the Olympic Stadium in Baku.

    Sounds of sheypur (trumpet) greeted Azerbaijani President Ilham Aliyev, Azerbaijan's First Lady, Chairwoman of the Organizing Committee of the first European Games Mehriban Aliyeva and President of the European Games Committees Patrick Hickey.

    On the stadium screens, a carpet weaver's threads come to life and journey through the countryside, across the ancient landscape to the city of Baku. During the countdown, choir sang the national anthem in a new symphonic arrangement and the flag of Azerbaijan was raised.

    The part of the show, called "Transformation", embodied energy and power of the rich traditions of Azerbaijani music, dance and architecture. The episode was characterized by a performance of more than 500 dancers and amazing stage effects.

    Then began the parade of athletes, the chorus of 50 children sang folk song "Chal-oyna", and then athletes of 50 countries-participants went up to the stage.

    Further, at the closing ceremony, Mehriban Aliyeva and Patrick Hickey had speeches. Then, more than 500 dancers and acrobats showed spectacular air show.

    On the screens of the stadium were shown the highlights of the 17 days of competition. Under the light of the Cauldron, Elnur Mikailov played the kamanche - a haunting and yearning sound embodying Azerbaijani mugham music. the Ateshgah fire temple rise from the Main stage. Standing on top, a sand painter drew 'the tree of life' from the simurg legend. Soon it was discovered that what she drew magically came to life on stage.

    Extinguishing the flame of the European game was the culmination of 17 days of the Games. Flames gradually faded, and grandiose fireworks started.

    The world-famous musicians - a group of "Clean Bandit" performed the singles "Real Love", "Stronger", and the international anthem "Rather be", as well as the popular singer John Newman performed the hit "Blame", " Gold Dust "and" Love Me Again ".

    As spectacular fireworks shoot across the Baku sky, the first-ever European Games come to a close.

    ***

    21:16

    Baku. Ramiz Mikayiloghlu. APA. The closing ceremony of "Baku-2015" the first European Games has started at Olympic stadium.

    The Maiden Tower was erected on the scene and behind the Old city's wall the Flame Towers and changing city - Baku were demonstrated reflecting the revival as promised in the legend about Phoenix.

    Sounds of sheypur (trumpet) will greet Azerbaijani President Ilham Aliyev, Azerbaijan's first lady, Chairwoman of the Organizing Committee of the first European Games Mehriban Aliyeva and President of the European Games Committees Patrick Hickey.

    On the stadium screens, a carpet weaver's threads come to life and journey through the countryside, across the ancient landscape to the city of Baku . During the countdown, choir sang the national anthem in a new symphonic arrangement and the flag of Azerbaijan was raised.

    Azerbaijan, the first time in its history, has hosted such a prestigious tournament. 6000 athletes from 50 countries of the "Old World" attended competitions in Baku together with the delegation of 10 thousand people. Azerbaijani athletes with 291 athletes at the Games marked a record achievement. Azerbaijan has won 56 different medals, including 21 gold, 15 silver and 20 bronze medals and become the second on the overall medal table, running up the Russian team.
    11
  • Azerbaijani painter's art to be presented in Belgrade
    29.06.2015 18:49
    http://www.today.az/pictures/pic141781.jpg
    http://www.today.az/pictures/pic141781.jpg
    /By AzerNews/

    By Laman Sadigova

    Azerbaijanв's young talent Chingiz Mehbaliyev will join the private art exhibition entitled "Second Step" in Belgrade on July 2.

    The paintings and graphic works in the style of surrealism will be presented at the event scheduled for 19:00 local time.

    The event will last four days. Some of the displayed art works are presented to art lovers for the first time.

    Chingiz paints his works in the genres of surrealism, realism, and nude art. His works were already exhibited in Turkey, Russia, and Azerbaijan and were published in the international catalogs through the whole world.

    Chingizв's art combines Western style and Eastern colors with pieces of old elements existing in famous Azerbaijani carpets. This is one of the major reasons why the works of this young Azerbaijani painter is valued in many countries.
    13
  • Envoy calls on Iranian businessmen to expand co-op with Azerbaijan
    29.06.2015 18:32
    http://www.today.az/pictures/pic141782.jpg
    http://www.today.az/pictures/pic141782.jpg
    /By AzerNews/

    By Sara Rajabova

    Tehranв's ambassador has called on Iranian businessmen to develop comprehensive relations with Azerbaijan.

    Mohsen Pakayin noted that the private sectors of the two countries should expand ties through the chambers of commerce, the Iranian embassy in Baku told Trend.

    ''I call on the owners of industrial enterprises, investors, Iranian businessmen working in the fields of oil, gas, petrochemical, construction, health, tourism, choose as a priority the development of relations with Azerbaijan,'' Pakayin said.

    He also said new opportunities for cooperation have been created between Iran and Azerbaijan, and both countries should utilize avenues for the development of comprehensive relations.

    ''The will of the leadership of both countries is directed to comprehensive development. Iranв's establishing new relations with the world, the positive opinion of the international community on the Islamic Republic, achievements in the fields of science, technology, infrastructure, and the great economic potential of Iran pave the way for cooperation with neighboring countries, particularly with Azerbaijan,'' Pakayin said.

    He added that Iran and Azerbaijan conduct this policy for the sake of mutual interests.

    ''The short distance between the two countries, minor transportation costs, the demand for various products on the markets of both countries pave the way for the development of relations,'' the ambassador said.

    Pakayin said relations between the two friendly and brotherly countries have a bright future.

    Azerbaijan and Iran have had diplomatic relations since 1918. Iran recognized Azerbaijan's independence in 1991, and diplomatic relations between the two countries were reestablished in 1992.

    Currently, the two countries are focused on expanding their economic ties and developing cooperation in various fields'"industry, agriculture, energy, alternative energy, and transportation.

    Tehran has in recent years focused on expanding ties with neighboring countries, including Azerbaijan, which enjoys religious, historical, and cultural commonalities with Iran.

    Azerbaijan was the 12th leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.

    The trade turnover between Azerbaijan and Iran amounted to $47.22 million for the first five months of 2015. At the same time, supplies from Iran to Azerbaijan accounted for $36.95 million.
    10
  • Salt particles emerging from Iranв's drying Urmia Lake cause cancer
    29.06.2015 18:30
    http://cdn.trend.az/pictures/2013/08/31/urmiya_lake_310813_3.jpg
    http://cdn.trend.az/pictures/2013/08/31/urmiya_lake_310813_3.jpg
    Baku, Azerbaijan, June 29

    By Fatih Karimov - Trend: Salt particles emerging from drying Lake Urmia, in northwestern Iran, are causes of cancer and high blood pressure among people in the region, said Armin Nourbakhsh, an official with the Committee for Urmia Lake Restoration.

    Salt particles threaten the health of people living around the lake seriously and cause problems such as eye burns, lung cancer, skin diseases, and high blood pressure, Iran 's ISNA news agency quoted Nourbakhsh as saying June 29.

    Although there is no specific study or report about diseases arising from drying of Lake Urmia, but data shows that certain problems, such as eye burn, are rampant among people in the city of Tabriz, he said.

    The issue has caused security problems, as people living in border province are considering migration to other countries, he noted.

    Hojjat Jabbari, an official with Iran 's West Azerbaijan Province 's Environment Protection Organization, said on June 8 that Lake Urmia is being turned into a hub of dust storm in the Middle East. Five spots inside the lake have been identified as the main sources of dust storm. The dust storm spots exist along 19 kilometers around the lake, he said. More than 747,000 people are living within 30 kilometers of the lake.

    Dust storms have badly affected the quality of air in West Azerbaijan Province. Urmia Lake is experiencing its worst drought in many years, where over 90 percent of its area has dried up. The level has been declining since 1995. Officials have warned if serious steps are not taken, the lake will be turned into a swamp within a few years, which will force millions of Iranians to migrate to greener pastures.

    Iranian president, Hassan Rouhani set up a working group for saving Lake Urmia, the Committee for Urmia Lake Restoration. The committee prepared a 9-year plan to restore the lake, with 2023 being the year targeted for the lake's complete restoration.

    Edited by CN

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    7
  • Will Armenia face bloody denouement?
    29.06.2015 18:04
    http://cdn.trend.az/pictures/2015/06/23/yerevan_protest_230615__(3).jpg
    http://cdn.trend.az/pictures/2015/06/23/yerevan_protest_230615__(3).jpg
    Baku, Azerbaijan, June 29

    By Elmira Tariverdiyeva - Trend:

    For more than 10 days protesters have taken to the streets of Armenia. The protests are intensifing. They have grown from a small action of protest on June 17 into many-thousand around the clock rallies in the center of Yerevan. The Armenian authorities only once rigidly dispersed the protesters within all these days. However, the Armenian leadership may lose patience in the coming days.

    Everybody who watched the events in Ukraine's Maidan is well aware of the consequences of the tough governmental response to the social protests.

    The Armenian government made the same mistake as Ukrainian ex-President Viktor Yanukovych, who tried to forcibly stop a social protest, which turned into the rallies of a political nature.

    Taking into account that the number and determination of protesters in Armenia is growing, it is obvious that any misstep is enough for serious confrontation of people and authorities in the country.

    It seems the Armenian government is ready for such a step. On June 28, answering reporters' questions about whether the same measures that were used to disperse the sit-in demonstration June 23 will be applied to the demonstrators in the near future, the chief of police Vladimir Gasparyan said that "the police will play hardball".

    Since the morning of June 29, the police have already taken a number of measures against the protests, having started to confiscate garbage cans, which served as barricades for the demonstrators on Baghramyan Avenue. This means that the Armenian government is preparing for a tough response to the actions of the protesters, who have been on the main squares and avenues of Yerevan around the clock for days.

    Time will tell what happens in the next 48 hours, but the future of the country depends today namely on the prudence of Armenian authorities. The protest cannot subside, because the demonstrators have felt the power and will not compromise. However, the harsh response to the protests will only exacerbate the confrontation with the authorities, and therefore the only reasonable way out for Yerevan is to agree with Russia to cancel the decision to raise tariffs and forget about price increases for social services and essential commodities for now. That's the only way one can avoid the big bloody denouement, which happened in Ukraine.

    Edited by CN

    ---

    Elmira Tariverdiyeva is Trend Agency's staff writer, follow her on Twitter @EmmaTariver

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    14
  • SOCAR set to double investment in Romania over next two years
    29.06.2015 17:13
    http:// www.news.az/photos/page-photo/141446.jpg
    http:// www.news.az/photos/page-photo/141446.jpg
    Azerbaijanв's state-run oil corporation SOCAR wants to double its investment in Romania over the next two years and increase the number of its fuel stations by at least 10, SOCAR Deputy Vice-President Vitaliy Baylarbayov told Bucharest Forum Energy 2015 on Friday.

    "We intend to increase the volume of our investment in Romania and double it in the next two years. The number of fuel stations will increase by at least 10, depending on customer interest, which is quite high. We are certainly making surveys to see how high the interest is and usually the responses are positive," said Baylarbayov, nineoclock.ro reports quoting Agerpres.

    He added that SOCAR is very active in Romania.

    "We are very proud of having been able to establish a company that has a significant level of operations that employs some 500 people The name of our company can be seen in northern Romania as well as here in the capital city at a petrol station. The number of filling stations is standing at 32, but it will increase this year and the years that follow," the SOCAR official added.

    SOCAR Romania is the local representative of the State Oil Company of Azerbaijan Republic.

    The company has been operational in Romania since 2011 via SOCAR Petroleum SA, working to create and consolidate its own-branded filling stations nationwide.
    13
  • IRGC says has prepared what is needed to help Muslims
    29.06.2015 17:06
    http://cdn.trend.az/pictures/2012/07/14/ali-fadavi_ALBOM.jpg
    http://cdn.trend.az/pictures/2012/07/14/ali-fadavi_ALBOM.jpg
    Tehran, Iran, June 29

    By Mehdi Sepahvand - Trend:

    The top mission of the Islamic Republic is helping Muslims, where the armed forces, the IRGC in particular, have realized their role, an Iranian military commander said.

    The IRGC has prepared whatever is needed to help Muslims, IRGC Naval Force Commander Rear Admiral Ali Fadavi said.

    No doubt in the future all Islamic countries will arrive at a common understanding and the most central issue among Muslim countries must be unity, he stressed, Fars news agency reported June 29.

    The IRGC Naval Force believes to have a role in securing the Persian Gulf region, which is the most sensitive spot in the world, he stated.

    Fadavi said that the future of the world depends on how secure the Persian Gulf is.

    "This is an Islamic duty on our shoulder as well as the shoulder of other Muslim countries to insure security not only for ourselves, but for others to enjoy better situations under that security," he stated.

    Edited by CN

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    10
  • Azerbaijani athletes succeed in Baku 2015
    29.06.2015 17:00
    http://www.today.az/pictures/pic141780.jpg
    http://www.today.az/pictures/pic141780.jpg
    /By AzerNews/

    By Nigar Orujova

    Azerbaijan has reached remarkable heights at the first European Games in Baku, winning 56 medals and taking second place in the overall ranking.

    The most number of the medals of the Games was grabbed by Russia with a whopping 164 medals, 79 of which were of gold. Great Britain enjoyed third place with 47 medals.

    The Land of Fire was represented at the Games with 285 athletes, a privilege given by being the host. However, it was completely unexpected that it would stand in second place, leaving behind 47 other European countries.

    Sports Minister Azad Rahimov said in the beginning of the Baku 2015, the country as expected to stay in the top ten.

    Azerbaijani athletes participated in competitions in all sports and shined in the canoe sprint, fencing, gymnastics rhythmic, artistic and trampoline, triathlon, and won especially many medals in judo, karate, sambo, taekwondo, boxing, and wrestling.

    The energy of the land and the support of the Azerbaijani fans inspired the national team to earn this historic achievement.

    Azerbaijan won 6 gold medals in wrestling thanks to Elvin Mursaliyev, Toghrul Asgarov, Rasul Chunayev, Khetag Gazyumov, Mariya Stadnyk and Anzhela Dorogan. Moreover, Sabahi Shariati and Rafig Huseynov won silver medals. Hasan Aliyev, Ruslan Dibirgadzhiyev, Elman Mukhtarov, Jabrayil Hasanov, Haji Aliyev, Natalya Sinishin and Jamaladdin Magomedov all took home bronze.

    Then comes boxing, where Azerbaijan has taken 11 medals: 6 gold, 1 silver and 4 bronze.

    The gold-winning boxers were Abdulkadir Abdullayev, Albert Selimov, Teymur Mammadov, Collazo Sotomayor, Elvin Mamishzada, and Parviz Baghirov.

    Xaybula Musalov won silver, while the bronze went to Mahammadrasul Majidov, Yana Alekseevna, Anna Alimardanova, and Tayfur Aliyev.

    In karate, the country earned 4 gold and 2 bronze medals. Firdovsi Farzaliyev, Rafael Aghayev, Aykhan Mamayev and Irina Zaretska became gold medalists. Bronze went to Ilaha Gasimova and Niyazi Aliyev.

    Taekwondo fighters won 3 gold, a silver, and a bronze. Aykhan Taghizade, Milad Beigi Harchegani, and Radik Isaev enjoyed gold. Farida Azizova and Patimat Abakarova brought silver and bronze respectively.

    Oleg Stepko brought the country five medals, one gold, two silver, and two bronze medals in artistic gymnastics. Moreover, Marina Durunda got silver in rhythmic gymnastics and Ilya Grishunin brought a bronze in the trampoline.

    In judo, Azerbaijan gained 4 medals: one gold, 2 silvers, and one bronze. The gold was brought home by blind athlete Ilham Zakiyev. Sabina Abdullayeva and Orkhan Safarov were silver medalists, while Zakir Mislimov earned a bronze.

    Four silver medals also came from sambo, won by Amil Gasimov, Islam Gasumov, Vasif Safarbayov, and Nazakat Khalilova.

    Two medals in fencing were brought by sisters Sevil Bunyatova and Sevinc Bunyatova. Sevil won silver, and Sevinc got bronze.

    Valentin Demyanenko won silver in canoe sprint. Rostyslav Pevtsov brought home bronze in the triathlon.

    Azerbaijan is proud of its athletes and hopes that it will continue its success at sporting competitions in the future.
    12
  • Turkey highly appreciates TANAP, ex-minister says
    29.06.2015 15:57
    http://www.today.az/pictures/pic141773.jpg
    http://www.today.az/pictures/pic141773.jpg
    /By AzerNews/

    By Aynur Karimova

    Ankara highly appreciates the Trans-Anatolian gas pipeline project, Egemen Bagis, Turkish ex-Minister for EU Affairs toldВ TrendВ on June 28.

    He said the TANAP project is not an alternative to any energy project, on the contrary, it strengthens other energy projects.

    "TANAP, which is a clear example of the Turkish-Azerbaijani cooperation, also makes a significant contribution to the energy security of Europe," he said. ''The importance of the TANAP project lies in its energy and political benefits."

    Bagis went on to add that currently, Turkey is committed to providing its energy needs.

    ''Given the fact that Ankara intends to meet its energy needs, one can say that the Southern Gas Corridor is also an important project,'' he said.

    TANAP envisages the transportation of gas of Azerbaijanв's Shah Deniz field from the Georgian-Turkish border to the western borders of Turkey. TANAPв's initial capacity is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of this gas will be delivered to Turkey and the rest of the volume to Europe.

    Turkey will receive gas in 2018, and after the Trans-Adriatic Pipeline (TAP) is constructed the gas will be delivered to Europe in early 2020.

    BP and the TANAP consortium signed March 13 a shareholder agreement, according to which, BP will become one of the shareholders of TANAP. The agreement is one of the main documents for BPв's ownership of a stake in the TANAP project.

    Following the completion of a legal implementation procedure, TANAPв's shareholders list will be as follows: SOCAR '" 58 percent, Botas '" 30 percent and BP '" 12 percent.

    The heads of Azerbaijan, Turkey and Georgia have laid the foundation of the TANAP pipeline in the Turkish Kars province on March 17, 2015.

    Three Turkish companies, Fernas Insaat A.S., Sicim-Yuksel-Akkord Adi Ortakligi and Tekfen Insaat ve Tesisat A.S. are the contractors for construction of TANAPв's onshore part, which is to be 1,337 kilometers long. They will construct the gas pipelineв's section running up to the Turkish city of Eskisehir.

    In March 2015, the TSE said the companies that are to supply pipes for TANAPв's construction project, will have to receive a certificate of that institute.
    25
  • Kazakhstan, India ink agreement on energy transportation
    29.06.2015 15:55
    http://www.today.az/pictures/pic141772.jpg
    http://www.today.az/pictures/pic141772.jpg
    /By AzerNews/

    By Aynur Karimova

    Astana and New Delhi have signed an agreement on assessment of economic feasibility of transportation of oil, gas and liquefied natural gas from Kazakhstan to India.

    This remark was made by Indian Petroleum and Natural Gas Minister Shri Dharmendra Pradhan last week after a meeting with Kazakh Energy Minister Vladimir Shkolnik in New Delhi.

    During the meeting the sides focused on export of Kazakhstan's natural gas or LNG to India and agreed to establish a working group engaged to work on this issue.

    India recognized Kazakhstan's independence in 1992. In recent years, India has sought to increase its commerce and strategic ties with Kazakhstan, which is the largest nation of Central Asia, and occupies a major expanse of territory in the region, with extensive oil, natural gas and mineral reserves.

    To bolster economic ties, both nations have established the Indo-Kazakh Joint Business Council.

    Information technology, pharmaceuticals, space research, banking, creation of transport corridors, training of military officers, developing joint military-industrial projects and establishing a partnership between the defense industries, as well as renewable energy and oil exploration are prospective fields for cooperation of India and Kazakhstan.

    Kazakhstan and India are strategic partners as well. They support each other both at the international and bilateral levels.

    India intends to invest $400 million in the oil and gas exploration in Kazakhstan.

    The ONGC Videsh Limited (OVL), a daughter company of Oil and Natural Gas Corporation (ONGC), has a 25-percent share in the project of development of the Satpayev block, where India has already invested $150 million.
    8
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