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#Nikolaos Kanellos

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President Zhaparov’s Dushanbe visit - turning point in Tajik-Kyrgyz relations

21:05 (UTC+04) Kyrgyzstan Materials
Uzbekistan expands ATM and Kiosk network in mid-2025

20:47 (UTC+04) Economy Materials
Azerbaijan announces small hydropower plant construction project

20:18 (UTC+04) Economy Materials
Azerbaijan's Nakhchivan sees jack-up in tax revenues for 1H2025

19:52 (UTC+04) Economy Materials
Azerbaijan strikes high note with opening of Gabala Int'l Music Festival

19:33 (UTC+04) Politics Materials
Azerbaijan holds high-level talks with ICDO member countries at 58th session (PHOTO)

19:27 (UTC+04) Society Materials
Iran encounters challenges in passenger car production

19:13 (UTC+04) Economy Materials
Azerbaijan joins key OTS tourism ministerial meeting in Türkiye (PHOTO)

18:38 (UTC+04) Tourism Materials
Azerbaijan's non-oil and gas tax revenues scale up in 1H2025

18:29 (UTC+04) Economy Materials
Azerbaijan, UAE sign Comprehensive Economic Partnership agreement

18:25 (UTC+04) Politics Materials
President Ilham Aliyev meets with President of United Arab Emirates in Abu Dhabi

18:10 (UTC+04) Politics Materials
Kazakhstan sees drop in credit card issuance by June 2025

18:06 (UTC+04) Finance Materials
Azerbaijan and UAE: evolution from strategic partnership to comprehensive co-op

18:00 (UTC+04) Economy Materials
Tajikistan resumes direct flights with Iran

17:59 (UTC+04) Tajikistan Materials
Digital payments and debit cards experience explosive growth in Kazakhstan by June 2025

17:56 (UTC+04) Finance Materials
Iran's Bahar Azadi gold coin valuation jacks up

17:46 (UTC+04) Economy Materials
Iran takes legal route to seek compensation from Israel and US

17:35 (UTC+04) Iran Materials
President opens Kazakhstan's first and Central Asia's most powerful supercomputer

17:33 (UTC+04) ICT Materials
Recertification audit places KazTransOil's Batumi Sea Port in international ISO compliance

17:17 (UTC+04) Business Materials
Uzbekistan, Georgia pledge to boost bilateral trade and industrial collaboration

17:14 (UTC+04) Economy Materials
EIB eyes investment projects in Turkmenistan ahead of Avaza LLDC3 summit

17:11 (UTC+04) Economy Materials
Azerbaijan ranks first among CIS countries in global cybersecurity index - minister

17:03 (UTC+04) Economy Materials
Lithuania participates in Ukraine recovery conference in Italy's Rome

17:01 (UTC+04) The Baltics Materials
Azerbaijan's Military Lyceum hosts meeting with intellectually gifted youth (PHOTO)

16:59 (UTC+04) Society Materials
Uzbekistan-China focus on railway and multimodal transport development

16:59 (UTC+04) Economy Materials
Kazakhstan's infrastructure strategy centers on Middle Corridor development - analyst

16:55 (UTC+04) Transport Materials
Kazakhstan advances capital’s energy infrastructure with expansion of gas thermal plants

16:54 (UTC+04) Construction Materials
Uzbekistan’s National Bank makes historic eurobond debut on global markets

16:47 (UTC+04) Economy Materials
Azerbaijani minister calls nation's gas potential Europe’s energy security surety (PHOTO)

16:37 (UTC+04) Economy Materials
Chinese energy giant to invest in strategic Mangystau power station in Kazakhstan

16:27 (UTC+04) Business Materials
Azerbaijani-Chinese MoU vouches for railway domain (PHOTO)

16:21 (UTC+04) Economy Materials
Uzbekistan-Malaysia ties take flight with launch of direct route

16:16 (UTC+04) Economy Materials
EBRD presents floating-rate bonds at Azerbaijan’s Central Bank (PHOTO)

16:13 (UTC+04) Economy Materials
Exports from Iran’s free trade zones show uptick in early months

16:08 (UTC+04) Economy Materials
Uzbekistan–China rail freight link grows stronger with new hub launch

15:53 (UTC+04) Economy Materials
Lithuania, Netherlands explore ways to bolster strategic ties and boost economic growth

15:52 (UTC+04) The Baltics Materials
Türkiye's Ankara crowned tourism capital of Turkic World for 2026

15:48 (UTC+04) Türkiye Materials
Russia claims ongoing contacts with Baku over detained Sputnik Azerbaijan chiefs

15:44 (UTC+04) Politics Materials
Azerbaijan details number of inhabitants in Khankendi, Aghdara, and Khojaly

15:20 (UTC+04) Society Materials
Azercell continues its Cybersecurity Awareness initiative (PHOTO)

15:02 (UTC+04) Society Materials
Azerbaijan details investment scale in Khankendi, Aghdara, and Khojaly

15:01 (UTC+04) Economy Materials
New paths of Azerbaijan-UAE cooperation: from traditional energy to green economy

15:00 (UTC+04) Economy Materials
AD Ports Group, KTZ Express form joint venture to boost Middle Corridor logistics

14:58 (UTC+04) Transport Materials
President Ilham Aliyev arrives in UAE for working visit (PHOTO/VIDEO)

14:55 (UTC+04) Politics Materials
Azerbaijan prepares for mass return of IDPs to restored Karabakh villages

14:51 (UTC+04) Politics Materials
Türkiye announces date for upcoming presidential election

14:33 (UTC+04) Türkiye Materials
KazMunayGas beats production goals at Dunga field in 1H2025

14:25 (UTC+04) Oil&Gas Materials
Tajikistan’s parliament to establish friendship group with Kyrgyzstan

14:19 (UTC+04) Kyrgyzstan Materials
Uzbekistan, Turkish automotive tycoon weigh up partnership-booster chances

14:10 (UTC+04) Economy Materials
Latvia rolls out red carpet for Albanian FM for bilateral talks

14:02 (UTC+04) The Baltics Materials
KazMunayGas launches new seawater desalination plant in Kazakhstan’s Mangystau

14:00 (UTC+04) Construction Materials
Azerbaijani envoys visit Khankendi following 9th diplomatic chiefs’ meeting (PHOTO)

13:51 (UTC+04) Politics Materials
President Ilham Aliyev to hold meeting with UAE president

13:40 (UTC+04) Politics Materials
Azerbaijani MFA slams Iranian envoy’s remarks on Khankendi summit outcome

13:37 (UTC+04) Politics Materials
Iran's gas consumption exceeds billions of cubic meters in past week

13:29 (UTC+04) Economy Materials
Kazakhstan, China beefing up conformity assessment synergies

13:08 (UTC+04) Business Materials
Kyrgyzstan, Tajikistan set to chart roadmap for boosting bilateral trade

12:57 (UTC+04) Tajikistan Materials
Kazakhstan promotes digital solutions with Yandex leading future tech ventures

12:45 (UTC+04) Business Materials
Uzbekistan, CATL bring up energy storage and battery recycling co-op

12:31 (UTC+04) Economy Materials
Lithuania ramps up solar subsidies in response to skyrocketing demand

12:26 (UTC+04) The Baltics Materials
Kazakhstan sees sharp rise in barley exports in 2024-25 season

12:16 (UTC+04) Economy Materials
Iran activates rail freight transport from China

12:09 (UTC+04) Economy Materials
Uzbekistan revs energy sector development with nation's Talimardjan power project

12:02 (UTC+04) Economy Materials
President of Azerbaijan Ilham Aliyev and Prime Minister of Armenia Nikol Pashinyan to meet tomorrow in Abu Dhabi

12:01 (UTC+04) Politics Materials
EIA upgrades Kazakhstan's 2025 oil outlook amid steady growth

11:55 (UTC+04) Economy Materials
Azerbaijani Central Bank takes stand towards euro appreciation

11:51 (UTC+04) Economy Materials
Azerbaijan sizes impact of euro appreciation on manat's nominal effective exchange rate

11:44 (UTC+04) Economy Materials
Kazakhstan and China agree to Middle Corridor-booster deal

11:39 (UTC+04) Transport Materials
Uzbekistan, KOICA strengthen ties to drive high-tech industry growth

11:34 (UTC+04) Economy Materials
Azerbaijani, Kazakh servicemen diving into novel flight-tactical drills (PHOTO/VIDEO)

11:30 (UTC+04) Politics Materials
Kyrgyzstan ratifies regulation on secretariat of Central Asia-China format

11:28 (UTC+04) Kyrgyzstan Materials
Azerbaijan pulls back curtain on purse strings for its Bargushadchay reservoir's erection

11:25 (UTC+04) Economy Materials
EDB alerts on inflation picking up steam in Kazakhstan amid June 2025 growing food costs

11:22 (UTC+04) Finance Materials
ADB's financing to propel Tajikistan's social insurance and pension digital reform

11:14 (UTC+04) Tajikistan Materials
Uzbekistan spills beans on latest ups and downs in reserve levels

11:04 (UTC+04) Economy Materials
Iran reveals civilian casualty count from Israeli military airstrikes

10:55 (UTC+04) Iran Materials
Kyrgyzstan, World Bank sign agreement for inclusive growth support

10:43 (UTC+04) Kyrgyzstan Materials
Azerbaijan, Switzerland talk about deepening their financial cooperation (PHOTO)

10:32 (UTC+04) Economy Materials
Lithuania gains EU backing for higher defense spending through 2028

10:29 (UTC+04) The Baltics Materials
Kazakhstan sets coal export record by rail in June 2025

10:23 (UTC+04) Transport Materials
Kyrgyz president emphasizes Tajikistan inter-parliamentary engagement

10:18 (UTC+04) Kyrgyzstan Materials
Kyrgyzstan's Osh to modernize public transport with EBRD support

10:07 (UTC+04) Kyrgyzstan Materials
KazMunayGas expands energy setup with new gas facility in Kazakhstan’s Zhanaozen

10:03 (UTC+04) Oil&Gas Materials
Azerbaijani oil elevates in valuation

09:50 (UTC+04) Economy Materials
Uzbekistan, Russian Gazprom Neft outline roadmap for expanding oil and gas ties

09:45 (UTC+04) Economy Materials
Iran releases currency exchange rates for July 9

09:38 (UTC+04) Economy Materials
Azerbaijani currency to world currency rates for July 9

09:25 (UTC+04) Economy Materials
Teacher identity verified at exams using SİMA

09:23 (UTC+04) Society Materials
Azerbaijan updates on natural gas purchase from Turkmenistan in 4M2025

09:15 (UTC+04) Economy Materials
Kyrgyzstan experiences decrease in Russian remittances in May 2025

08:23 (UTC+04) Kyrgyzstan Materials
Azerbaijani FM congratulates employees of diplomatic service on their professional holiday

08:04 (UTC+04) Politics Materials
Iran and Central Asia: shifting transit routes and emerging opportunities

08:00 (UTC+04) Economy Materials
Kazakhstan reveals rapid rise in MasterCard usage by June 2025

07:31 (UTC+04) Finance Materials
Baku hosts official reception on occasion of professional holiday of diplomatic service employees (PHOTO)

07:30 (UTC+04) Politics Materials
Uzbekistan sees drop in POS terminal numbers in June 2025

06:03 (UTC+04) Economy Materials
Trade between Kazakhstan and Kyrgyzstan shows remarkable upward trend

05:55 (UTC+04) Economy Materials
Azerbaijan takes part in OPEC International Seminar

05:30 (UTC+04) Azerbaijan Materials
Iran raising bar on nation's caviar production

05:06 (UTC+04) Economy Materials
Kyrgyzstan sees uptick in outbound money transfers

04:15 (UTC+04) Kyrgyzstan Materials
Iran’s Khosravi customs drive notable export growth to Iraq amid trade shifts

03:28 (UTC+04) Economy Materials
IFC to provide loan to boost poultry production in Kyrgyzstan

02:14 (UTC+04) Kyrgyzstan Materials
Latvian investment in Azerbaijan hits new highs in 1Q2025

01:18 (UTC+04) Economy Materials
Kyrgyzstan sees monthly dip in remittance inflows

00:45 (UTC+04) Kyrgyzstan Materials
Uzbekistan sees construction uptick led by prominent large enterprises

8 July 23:37 (UTC+04) Economy Materials
Azerbaijan, Pakistan discuss current state of strategic partnership

8 July 22:52 (UTC+04) Politics Materials
Azerbaijan divulges volume of natural gas sales to Greece in 4M2025

8 July 22:47 (UTC+04) Oil&Gas Materials
Turkmen FM, European Commission's VP discuss development of relations with EU

8 July 22:36 (UTC+04) Turkmenistan Materials
Punishment toughened for radical Armenian nationalists who attacked Azerbaijani embassy in Paris

8 July 22:17 (UTC+04) Azerbaijan Materials
Kazakhstan sees surge in cashless payments by mid-2025

8 July 22:14 (UTC+04) Finance Materials
U.S. hopes peace agreement between Azerbaijan and Armenia will be reached soon, says Marco Rubio

8 July 21:55 (UTC+04) Politics Materials
EIA sees U.S. oil output slipping as prices and drilling slow

8 July 21:50 (UTC+04) Economy Materials
Kazakhstan experiences surge in Visa card use amid card-based contraction

8 July 21:47 (UTC+04) Finance Materials
Global oil production to outpace demand growth through 2026, says EIA

8 July 21:35 (UTC+04) Economy Materials
Strait of Hormuz concerns push EIA to hike oil price projections

8 July 21:25 (UTC+04) Economy Materials
EIA maintains outlook for Azerbaijan’s oil production through 2026

8 July 21:15 (UTC+04) Economy Materials
Uzbekistan unveils top bank card issuers for mid-2025

8 July 21:07 (UTC+04) Economy Materials
Azerbaijan’s path to regional connectivity: strategic role of Lazurit Corridor

8 July 21:00 (UTC+04) Economy Materials
Azerbaijan sheds light on nation's consumer lending

8 July 20:51 (UTC+04) Economy Materials
Kazakhstan hits new high in card transactions in May 2025

8 July 20:33 (UTC+04) Finance Materials
Iran announces volume of nation's wheat purchase

8 July 19:50 (UTC+04) Economy Materials
Azerbaijan's Garabagh University set to establish faculty of medicine and health sciences

8 July 19:42 (UTC+04) Society Materials
Azerbaijan convenes civil defense leaders from ICDO member states (PHOTO)

8 July 19:34 (UTC+04) Society Materials
Azerbaijan's natural gas sale revenues to Serbia surge in 4M2025

8 July 19:12 (UTC+04) Economy Materials
Azerbaijan, Pakistan discuss prospects for expanding cooperation

8 July 18:54 (UTC+04) Politics Materials
Azerbaijani court sets date for next hearing in Ruben Vardanyan's criminal case

8 July 18:51 (UTC+04) Society Materials
Azerbaijani Baku court resumes hearings on Ruben Vardanyan's criminal case (PHOTO)

8 July 18:48 (UTC+04) Society Materials
Azerbaijan sheds light on number of persons readmitted to country

8 July 18:44 (UTC+04) Society Materials
Iran raising bar on check transactions

8 July 18:29 (UTC+04) Economy Materials
Russia's Rosatom takes helm in training staff for Kazakhstan’s nuclear ambitions

8 July 18:05 (UTC+04) Economy Materials
Value of Iran's Bahar Azadi gold coin dances downward in waltz of economic tides

8 July 17:43 (UTC+04) Economy Materials
Azerbaijan multiplies remittances to Belgium in 1Q2025

8 July 17:39 (UTC+04) Economy Materials
Kazakhstan's Ozenmunaigas announces oil output data for 1H2025

8 July 17:38 (UTC+04) Oil&Gas Materials
President of Iran rejects stabs of use of adjacent nations for attack against his country

8 July 17:33 (UTC+04) Iran Materials
Kazakhstan, ICAO deepen partnership with new aviation master plan for 2050

8 July 17:17 (UTC+04) Transport Materials
Azerbaijan approves deal on co-op in disaster and crisis management with Jordan - decree

8 July 17:11 (UTC+04) Politics Materials
Azerbaijan awards Ildirim Valiyev special rank of 3rd degree State Justice Advisor - decree

8 July 17:07 (UTC+04) Politics Materials
Uzbekistan reveals decline in trade with Türkiye amid strong partnership

8 July 17:05 (UTC+04) Economy Materials
President Ilham Aliyev sends letter of condolences to US President Donald Trump

8 July 17:05 (UTC+04) Politics Materials
Azerbaijan grants diplomatic ranks to group of employees of diplomatic services - decree

8 July 17:03 (UTC+04) Politics Materials
Azerbaijan, Saudi Arabia optimizing synergies in defense collaboration (PHOTO)

8 July 16:59 (UTC+04) Politics Materials
Kyrgyzstan discloses progress on Papan hydropower plant project

8 July 16:35 (UTC+04) Kyrgyzstan Materials
Presidents of Uzbekistan, Russia set sights on boosting trade and deepening regional links

8 July 16:34 (UTC+04) Economy Materials
Kazakhstan’s cashless revolution picks up steam with rising online deals in May 2025

8 July 16:23 (UTC+04) Finance Materials
Diplomatic service authorities discuss protection of Azerbaijanis' rights abroad (PHOTO)

8 July 16:11 (UTC+04) Politics Materials
Latvia backs dual currency approach in EU’s digital euro framework

8 July 16:02 (UTC+04) The Baltics Materials
Uzbekistan propels enhancement of transportation safety reforms with new draft law

8 July 16:01 (UTC+04) Economy Materials
Azerbaijan expands industrial capacity with sino joint venture in Aghdam

8 July 15:56 (UTC+04) Economy Materials
Azerbaijan's Nakhchivan observes considerable uptick in number of taxpayers

8 July 15:54 (UTC+04) Economy Materials
Iran denies any point in demanding return to nuclear talks

8 July 15:27 (UTC+04) Nuclear Program Materials
Estonia sees domestic tourism rebound beyond pre-pandemic highs

8 July 15:12 (UTC+04) Tourism Materials
Kazakhstan sets forth initiatives for dialogue on U.S. import tariffs

8 July 15:01 (UTC+04) Business Materials
IEA verdicts: Lithuania running path toward sustainable energy goals (VIDEO)

8 July 14:47 (UTC+04) The Baltics Materials
Iran starts rail installation on key central railway route

8 July 14:27 (UTC+04) Economy Materials
Iran dismisses reports of nuclear talks proposal to US, spokesperson says

8 July 14:05 (UTC+04) Iran Materials
Bishkek to host inaugural Kyrgyz-Tajik intergovernmental council meeting

8 July 14:01 (UTC+04) Kyrgyzstan Materials
President of Kazakhstan awards ICAO Council Head for aviation cooperation

8 July 13:58 (UTC+04) Transport Materials
Azerbaijan invites Slovenian companies to hop on green energy bandwagon

8 July 13:53 (UTC+04) Economy Materials
Estonia set to put screws on helicopter oversight in its bustling areas

8 July 13:52 (UTC+04) The Baltics Materials
Uzbekistan strengthens co-op with Japan’s Sojitz on key development sectors

8 July 13:49 (UTC+04) Economy Materials
Azerbaijan, Slovenia focus on expansion of gas supplies and energy co-op (PHOTO)

8 July 13:36 (UTC+04) Economy Materials

#Nikolaos Kanellos

Latest

President Zhaparov’s Dushanbe visit - turning point in Tajik-Kyrgyz relations

Uzbekistan expands ATM and Kiosk network in mid-2025

Azerbaijan announces small hydropower plant construction project

Azerbaijan's Nakhchivan sees jack-up in tax revenues for 1H2025

Azerbaijan strikes high note with opening of Gabala Int'l Music Festival

Azerbaijan holds high-level talks with ICDO member countries at 58th session (PHOTO)

Iran encounters challenges in passenger car production

Azerbaijan joins key OTS tourism ministerial meeting in Türkiye (PHOTO)

Azerbaijan's non-oil and gas tax revenues scale up in 1H2025

Azerbaijan, UAE sign Comprehensive Economic Partnership agreement

President Ilham Aliyev meets with President of United Arab Emirates in Abu Dhabi

Kazakhstan sees drop in credit card issuance by June 2025

Azerbaijan and UAE: evolution from strategic partnership to comprehensive co-op

Tajikistan resumes direct flights with Iran

Digital payments and debit cards experience explosive growth in Kazakhstan by June 2025

Iran's Bahar Azadi gold coin valuation jacks up

Iran takes legal route to seek compensation from Israel and US

President opens Kazakhstan's first and Central Asia's most powerful supercomputer

Recertification audit places KazTransOil's Batumi Sea Port in international ISO compliance

Uzbekistan, Georgia pledge to boost bilateral trade and industrial collaboration

EIB eyes investment projects in Turkmenistan ahead of Avaza LLDC3 summit

Azerbaijan ranks first among CIS countries in global cybersecurity index - minister

Lithuania participates in Ukraine recovery conference in Italy's Rome

Azerbaijan's Military Lyceum hosts meeting with intellectually gifted youth (PHOTO)

Uzbekistan-China focus on railway and multimodal transport development

Kazakhstan's infrastructure strategy centers on Middle Corridor development - analyst

Kazakhstan advances capital’s energy infrastructure with expansion of gas thermal plants

Uzbekistan’s National Bank makes historic eurobond debut on global markets

Azerbaijani minister calls nation's gas potential Europe’s energy security surety (PHOTO)

Chinese energy giant to invest in strategic Mangystau power station in Kazakhstan

Azerbaijani-Chinese MoU vouches for railway domain (PHOTO)

Uzbekistan-Malaysia ties take flight with launch of direct route

EBRD presents floating-rate bonds at Azerbaijan’s Central Bank (PHOTO)

Exports from Iran’s free trade zones show uptick in early months

Uzbekistan–China rail freight link grows stronger with new hub launch

Lithuania, Netherlands explore ways to bolster strategic ties and boost economic growth

Türkiye's Ankara crowned tourism capital of Turkic World for 2026

Russia claims ongoing contacts with Baku over detained Sputnik Azerbaijan chiefs

Azerbaijan details number of inhabitants in Khankendi, Aghdara, and Khojaly

Azercell continues its Cybersecurity Awareness initiative (PHOTO)

Azerbaijan details investment scale in Khankendi, Aghdara, and Khojaly

New paths of Azerbaijan-UAE cooperation: from traditional energy to green economy

AD Ports Group, KTZ Express form joint venture to boost Middle Corridor logistics

President Ilham Aliyev arrives in UAE for working visit (PHOTO/VIDEO)

Azerbaijan prepares for mass return of IDPs to restored Karabakh villages

Türkiye announces date for upcoming presidential election

KazMunayGas beats production goals at Dunga field in 1H2025

Tajikistan’s parliament to establish friendship group with Kyrgyzstan

Uzbekistan, Turkish automotive tycoon weigh up partnership-booster chances

Latvia rolls out red carpet for Albanian FM for bilateral talks

KazMunayGas launches new seawater desalination plant in Kazakhstan’s Mangystau

Azerbaijani envoys visit Khankendi following 9th diplomatic chiefs’ meeting (PHOTO)

President Ilham Aliyev to hold meeting with UAE president

Azerbaijani MFA slams Iranian envoy’s remarks on Khankendi summit outcome

Iran's gas consumption exceeds billions of cubic meters in past week

Kazakhstan, China beefing up conformity assessment synergies

Kyrgyzstan, Tajikistan set to chart roadmap for boosting bilateral trade

Kazakhstan promotes digital solutions with Yandex leading future tech ventures

Uzbekistan, CATL bring up energy storage and battery recycling co-op

Lithuania ramps up solar subsidies in response to skyrocketing demand

Kazakhstan sees sharp rise in barley exports in 2024-25 season

Iran activates rail freight transport from China

Uzbekistan revs energy sector development with nation's Talimardjan power project

President of Azerbaijan Ilham Aliyev and Prime Minister of Armenia Nikol Pashinyan to meet tomorrow in Abu Dhabi

EIA upgrades Kazakhstan's 2025 oil outlook amid steady growth

Azerbaijani Central Bank takes stand towards euro appreciation

Azerbaijan sizes impact of euro appreciation on manat's nominal effective exchange rate

Kazakhstan and China agree to Middle Corridor-booster deal

Uzbekistan, KOICA strengthen ties to drive high-tech industry growth

Azerbaijani, Kazakh servicemen diving into novel flight-tactical drills (PHOTO/VIDEO)

Kyrgyzstan ratifies regulation on secretariat of Central Asia-China format

Azerbaijan pulls back curtain on purse strings for its Bargushadchay reservoir's erection

EDB alerts on inflation picking up steam in Kazakhstan amid June 2025 growing food costs

ADB's financing to propel Tajikistan's social insurance and pension digital reform

Uzbekistan spills beans on latest ups and downs in reserve levels

Iran reveals civilian casualty count from Israeli military airstrikes

Kyrgyzstan, World Bank sign agreement for inclusive growth support

Azerbaijan, Switzerland talk about deepening their financial cooperation (PHOTO)