Azerbaijan’s Central Bank not going to close commercial banks

For the past few days, news media have published reports about the closure, merging and bankruptcy of banks, in connection with which the Central Bank of Azerbaijan (CBA) made an official announcement, Trend reports.

Azerbaijan’s president receives Iranian envoy on Caspian issues

Azerbaijani President Ilham Aliyev received on Thursday the special representative of the Iranian president on Caspian Sea issues, Mehdi Safari, Trend reports referring to the state news agency AzerTAj.During the meeting there was an exchange of opinions on bilateral relations between the countries, cooperation in energy sphere and a number other issues.

Karabakh conflict should be resolved this year - OSCE representative

"The Karabakh conflict should be resolved this year," said rapporteur on Nagorno-Karabakh problems and the ambassador at large of the OSCE Parliamentary Assembly on Georgian issues Goran Lennmarker during a meeting on Thursday with students at Yerevan State University, Novosti Armenia reports."We should give a quick solution to this problem later this year, because in the course of the conflict people are continually being killed," Lenтmarker said, emphasizing that the solution could only be of purely peaceful nature.

Minsk Group co-chairmen to arrive in Caucasus in late March

"Work with the co-chairmen is going ahead, they’ve met with the foreign minister of Azerbaijan, Elmar Mamedyarov, and next week they will meet in Moscow with Armenian Foreign Minister Edward Nalbandian," Russian Foreign Ministry spokesman Andrei Nesterenko said on Thursday during a briefing in Moscow, Vesti TV channel reports.

Azerbaijan is Georgia’s 2nd-largest trading partner

 Georgia’s state statistics service reported that Azerbaijan was the country’s second-largest trading partners in January 2010, Business Georgia reports.During the stated period, trade turnover between Azerbaijan and Georgia amounted to $43.1 million (11.2% of total turnover). Georgian exports to Azerbaijan were worth $15 million (14.1% of total exports).The main exports from Georgia to Azerbaijan were motor cars (56%), cement (8.8%) and cattle (7.2%), with other products making up the remaining 28%.

Azerbaijan prepares Caspian Sea draft agreement

Azerbaijan has prepared a draft of an agreement taking into account the approaches of the Caspian countries and presented it during a Baku meeting of deputy ministers of foreign affairs of Caspian states, Azerbaijani Foreign Minister Elmar Mamedyarov said, Trend reports.

Council of Europe rules on Azerbaijani human rights

The Committee of Ministers of the Council of Europe has published its rulings on the implementation by Azerbaijan and other European states of the decisions of the European Court of Human Rights, Trend reports.The decisions taken on 25 cases or categories of cases concerning Armenia, Azerbaijan, Bosnia and Herzegovina, Georgia, Italy, Moldova, Poland, Portugal, Romania, Russia, Britain, Turkey and Ukraine were published.

Sarkozy: Armenia and Azerbaijan should come to a compromise

Yerevan and Baku should come to a compromise to resume the “dynamics of peace” in Nagorno-Karabakh, French President Nicolas Sarkozy said.The French leader was speaking during the talks with his Armenian counterpart Serzh Sargsyan. The meeting took place on Wednesday evening at the Élysée Palace, ITAR-TASS reports."Each of the sides should make efforts to find a compromise for the resumption of the peaceful dynamics of the resolution of the conflict [in Nagorno-Karabakh]," Sarkozy said.

Azerbaijani president meets Polish premier in Baku

Azerbaijani President Ilham Aliev met Polish Prime Minister Donald Tusk in Baku on Wednesday, state news agency AzerTadg said.

U.S. air force to pay bonus for knowledge of Chechen, Azerbaijani

The U.S. Air Force top brass wants to attract more recruits with a knowledge of a foreign language and is prepared to pay bonuses of $500 a month.

European Commission allocates 200 million euro for Nabucco

The European Commission has allocated 2.3 billion euro for the realization of gas and energy projects, 200 million euro of which will go on the building of gas pipeline Nabucco. At the same time, the new EU commissioner on energy, Gunter Ettinger, declared the money is frozen until final approval of investment decision, Kommersant writes.  

OSCE Parliamentary Assembly group arrives in Tbilisi

A high-level delegation from the OSCE Parliamentary Assembly (PA OSCE), headed by President Joao Soares and the special representative on Nagorno-Karabakh and Georgia, Goran Lennmarker, has arrived in Tbilisi within the framework of a tour of the South Caucasus, reports News of Georgia.The representatives of the OSCE Parliamentary Assembly arrived in Georgia late on Monday, leaving on Wednesday. They visit Armenia on March 10-13 and Azerbaijan on March 13-16.

In Teheran is being held the seminar on the South Caucasus

On March, 7 in Teheran University has started tarted the seminar "Prospect of security and cooperation in the South Caucasus", in the course of which will take place the exchange of opinions between the experts and politicians of the region, reports Georgia Online ("Грузия Online").

Co-chairmen of MG OSCE will meet with the head of Armenian Ministry of Foreign Affairs

Co-chairmen of Minsk Group on settlement of Karabakh conflict are going to meet in Paris in March with Armenian Minister of Foreign Affairs Edward Nalbandyan in the run-up to the visit to the region. It was said in declaration by co-chairpersons of MG OSCE Yuri Merzliakov (Russia), Bernard Fassier (France) and Robert Bradtke (USA), which has been placed at the official website of OSCE, reports News-Armenia.

Azerbaijan looks for new allies

Azerbaijan looks for new allies

The situation in the South Caucasus forces Baku to revise foreign-policy and export priorities.

Azerbaijan to open new port

The Azerbaijan State Caspian Sea Steamship company is planning to put into commission a new dry cargo port, reports abc.az, citing company head Aydin Bashirov.

Azerbaijan sends protest note to U.S. Congress

Azerbaijan's ruling party said on Friday the adoption of the resolution "On the Armenian Genocide" by the U.S. House Foreign Relations Committee was a distortion of historical reality and a gross violation of the principles of justice.  

Turkmen envoy on Caspian issues faces dismissal

The chairman of the president of Turkmenistan’s state enterprise on the problems of Caspian Sea, Toyly Komekov, has been severely reprimanded "for unsatisfactory discharge of administrative duties and acknowledged shortcomings," Trend news agency reports.

Azerbaijani universities may set up branches in Georgia

The education minister of Azerbaijan, Misir Mardanov, and the governor of Georgia’s Kvemo-Kartli region, David Kirkitadze, have discussed institutes of higher education from Azerbaijan establishing branches in Tbilisi, Trend news agency reportsAn Education Ministry statement said that in the course of the meeting with the governor, Mardanov also discussed the possibilities of teaching the Georgian language in Azerbaijan.The minister noted the special attention paid to Georgian in schools in the Azerbaijani regions of Qakh,  Balakan and Zaqatala.

Iranian experts build methanol plant in Baku

The first methanol plant in the Caucasus is being in Baku by Iranian experts, with the 65-million-euro project already 60% complete, Iran.ru reports.