ZANGAZUR CORRIDOR

Azerbaijan forsees boost in Middle Corridor’s transit capacity, thanks to Zangezur Corridor

By
MARYANA AHMADOVA

The implementation of the Zangezur Corridor project will expand the capacity of the Middle Corridor by 8-10 million tons per year, said Rahman Hummatov, Deputy Ministry of Digital Development and Transport of Azerbaijan, Trend reports.

He made the remark during a presentation of the Middle Corridor study compelled by the World Bank held today in Tbilisi, Georgia.

„Fitch Solutions“ forecasts possible timing of signing peace agreement between Azerbaijan and Armenia

By
Ingilab Mammadov

Azerbaijan and Armenia may sign a peace treaty in the first half of 2024, Trend reports, via “Fitch Solutions” (“Fitch group” company).

“We believe that a peace agreement between Azerbaijan and Armenia could be concluded as early as the first half of 2024”, “Fitch Solutions” stated.

Azerbaijan-Turkey-Turkmenistan summit - three countries as a global energy center

By
HUMAY AGADZHANOVA

Today, December 14, 2022, the highest-level meeting "Azerbaijan - Turkey - Turkmenistan" will take place in the Turkmen city of Avaza. Within the framework of the meeting at the highest level, it is planned to discuss the steps to further deepen the cooperation between the three countries in the spheres of trade, energy and transport.

Rovshan Rustamov: The construction of the Horadiz-Agbend railway continues at a high pace

By
SADRADDIN AGDJAEV

The construction of the Horadiz-Aghband railway in Azerbaijan rapidly continues, Chairman of Azerbaijan Railways CJSC Rovshan Rustamov told reporters on December 12, Trend reports.

According to Rustamov, over 40 percent of this route has already been completed.

"Throughout this route, all work on clearing mines has been completed. In parallel, work is underway to create security zones," he said.

Zangazur Corridor – irreversible reality of South Caucasus, says Russian economist

By
JANI BABAEVA

Zangazur corridor is important for both Azerbaijan and Armenia, a Russian economist and the Head of New Society Institute Vasily Koltashov, stated.

According to Koltashov, the Zangazur corridor will allow Armenia to realize its potential in the transit economy. He notes that Armenia needs to activate and simplify economic ties with neighboring countries.

Opening of Zangazur corridor can lead Armenia out of crisis

By
KHUMAY AGADJANOVA

The opening of the Zangezur corridor can lead Armenia out of the crisis. In 2020, Armenia's GDP fell by 7.4%. In 2021, it is projected to grow from 5.2% to a maximum of 6.1%. This means that this year the Armenian economy will not be able to return to the pre-pandemic and pre-war levels.

Expert-economist, Member of Parliament Vugar Bayramov stated that Armenia can restore its economy, which is in the state of crisis by opening communications:

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