Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

New power plants to be commissioned in Azerbaijan in 2014

9 March 2014, 22:04

Baku, Azerbaijan, March 7 By Emil Ismayilov - Trend: A modular power station with the capacity of 16.5 megawatts is planned to be commissioned in...

BUSINESS

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KazMunaiGas’ recoverable oil reserves exceed 800 mln tons

8 March 2014, 18:00

Astana, Kazakhstan, March 8 By Daniar Mukhtarov - Trend: The recoverable oil reserves, accounting for the Kazakh national oil and gas company 'KazMunaiGas', stood at over 800 million tons, chairman of KazMunaiGas'...

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AZERBAIJAN

Azernews.az

Azerbaijani FM to meet OSCE Minsk group co-chairs in Paris

9 March 2014, 17:57

Baku, Azerbaijan, March 9 Trend: Azerbaijani Foreign Minister Elmar Mammadyarov will meet OSCE Minsk group co-chairs in Paris on March 10, according to Azerbaijani Foreign Ministry. During the meeting Mammadyarov will...

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SOUTH CAUCASUS

Iran, Georgia create joint Chamber of Industry and Trade

8 March 2014, 15:45

Baku, Azerbaijan, March 8 By Temkin Jafarov - Trend: Iran and Georgia have created a joint Chamber of Industry and Trade, ISNA reported on March 8. The opening ceremony of the chamber took place in Tbilisi and was...

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IRAN

Commander: Israel claim on Gaza arms shipment psyop tactic

10 March 2014, 02:13

A high-ranking Iranian military commander has roundly dismissed the recent Israeli allegation that Tehran sought to send missiles to the blockaded Gaza Strip as a dirty psychological operation against the Islamic...

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CENTRAL ASIA

Revenue part of Turkmen state budget fulfilled by over 111 percent

8 March 2014, 12:02

Ashgabat, Turkmenistan, March 8 By Huseyn Hasanov - Trend: As of January-February 2014, the revenues of the Turkmen state budget were implemented at 111.2 percent, the Turkmen Ministry of Finance said on March 7. "The...

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MIDDLE EAST & TURKEY

Turkey's biggest water tunnel completed

10 March 2014, 00:09

Turkey's largest and the world's fifth biggest water tunnel has been inaugurated by the Turkish Prime Minister Recep Tayyip Erdogan in the south-eastern city of Sanliurfa in the Suruc district, Anadolu Agency...

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Infographics

22nd anniversary of Khojaly genocide

25.02.2014

On February 25-26, 1992, Armenian occupation forces together with the 366th infantry regiment of Soviet troops stationed in Khankendi committed an...

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COMMENTARY
- Ashton testing water in Iran
  
  By Dalga Khatinoglu Before diving in depth of the Iran-Six powers nuclear negotiations to achieve the final accord, it seems that EU foreign policy chief Catherine Ashton is testing the water during her visit to Iran by meeting with the country's several powerful wings, including Iranian hard-liners. This is the first visit of a senior EU leader to Iran after 6 years, but with new hopes and different atmosphere than during the former President Mahmoud Ahmadinead's presidency term. Alongside visiting with Iranian President Hassan Rouhani and Foreign Minister Mohammad Javad Zarif, Ashton has...
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- Experts predict economic growth for Iran
  
  By Sara Rajabova Some international organizations predicted economic growth in Iran after the country and the P5+1 Group reached an agreement over Tehran's nuclear program. A while ago, the International Monetary Fund (IMF) in its first regular assessment of Iran after more than two years predicted a positive growth in country's economy before the end of 2015. The foreign companies from time to time voice their intention to resume their activity especially in Iran's energy sector. Furthermore, the parliamentary delegations and high-ranking officials of several European countries visited Iran...
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- Armenia’s national currency in collapse
  
  By Jamila Babayeva The Armenian government is seeking ways to ensure the stability of national currency, dram, which keeps rapid devaluation for last months. Armenian dram collapsed on March 3, when the U.S. dollar exchange rate rose from 350 drams to 400 drams. On March 5, the U.S. dollar exchange rate hit 414.4 drams, increasing by 0.24 drams compared to the previous day, the Armenian Central Bank reported. The Central Bank had to put $25 million to the market this week in tackle the financial crisis in addition to $61 million in cash directed in February to maintain the balance. Lack of...
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- Armenia in economic deadlock
  
  By Jamila Babayeva The Armenian economy has reached a deadlock and the government has admitted that it was weak in fighting against monopolies. "The government could not provide for economic rivalry," Armenian Prime Minister Tigran Sargsyan said in the National Competitiveness Fund's report on March 4. He said the government's mission can be considered as failure unless the country achieves significant positive shift in this direction. The government also admitted its weakness in fighting against oligarchs and monopolists. Armenia's small economy suffers seriously from monopoly, so that...
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