Oval Useful news from Azerbaijan and Caucasus

Leyla Aliyeva, Vice President of the Heydar Aliyev Foundation, founder and head of the IDEA Public Union, has visited the Gizilaghaj National Park in south of Azerbaijan. After getting acquainted with the park’s rich fauna and flora, Leyla Aliyeva and the Ecology Minister Mukhtar Babayev discussed prospects for future development of specially protected natural areas, including coastal and …

Fitch Ratings has upgraded Open Joint-Stock Company International Bank of Azerbaijan’s (IBA) LongTerm Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and Viability Rating (VR) to ‘b’ from ‘b-‘, Trend reports on April 30 referring to Fitch Ratings. “The Outlook is Positive,” the message said. “The upgrades reflect a moderation …

Russia and Azerbaijan are progressively strengthening the juridical base of bilateral relations and consistently implementing the action plan for the development of key spheres of the Russian-Azerbaijani cooperation until 2024, Deputy Prime Minister of the Russian Federation Alexei Overchuk said. Overchuk made the remark at a meeting of the Intergovernmental …

A large zone of active tectonic fault passes near Armenian Yerevan and the Metsamor nuclear power plant, Director General of the Republican Center of Seismological Service of the Azerbaijan National Academy of Sciences (ANAS), Gurban Yetirmishli said, Trend reports on Apr.29. According to Yetirmishli, the estimated seismic potential of this …

Azerbaijan’s State Security Service Chief Ali Naghiyev and Georgia’s high-ranking officials have discussed regional security and the joint fight against terrorism, the State Security Service reported on its website on April 29. Naghiyev, who paid an official visit to Georgia on April 27-28, met his Georgian counterpart Grigol Liluashvili, Interior Minister Vakhtang Gomelauri, and …

The Eurasia Daily Monitor magazine of the Jamestown Foundation based in Washington has published an article by Azerbaijani political analyst Shabnam Hasanova headlined “International involvement in infrastructure projects in Azerbaijan’s newly liberated territories”. The article reads: “Azerbaijani President Ilham Aliyev announced earlier this year that a number of large infrastructure …

Azerbaijan will open a tourism promotion and a trade office, with diplomatic status, in Israel, the country’s Minister of Economy Mikayil Jabbarov announced Wednesday during the Joint Israel-Azerbaijan Conference, according to TPS. The Israel-Azerbaijan Joint Committee met after the first meeting took place in 2018. The meeting was held online …