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Azerbaijan marks Oil Workers’ Day

Azerbaijan is marking the Oil Workers’ Day. President of the State Oil Company of the Azerbaijani Republic (SOCAR) Rovnag Abdullayev congratulated the workers.

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The ongoing negotiations over a settlement of the Nagorno-Karabakh issue can be much more productive if more influential politicians took part in the search for consensus. Dr. Svante Cornell, Director of the Institute for Security and Development Policy, one of the leading experts on Asia-Caucasus issues, believes that this is the least the United States could do to draw more world attention to this problem

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Nagorno-Karabakh needs major mediators

The Nagorno-Karabakh peace process could be more fruitful if there were more authoritative politicians involved. The US could play that role to demonstrate that it is more concerned about the problem, Doctor Svante Cornell, Director of research at the Institute for Central Asia and the Caucasus.

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Stocks fall as Greek financial situation deteriorates

Last week ended with five full days of gains. This week started with falls as worries from Greece mounted and sent US stocks tumbling Monday morning. The decline followed the move late Friday from European leaders who postponed a decision about Greece' next bailout installment until October, Western media reports.European markets also fell broadly on Monday after a two-day meeting of the European finance minister on Saturday which ended without any real progress.

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Israel prioritizes Azerbaijani gas

Israel fears that tensions with Egypt could result in the renouncing of gas deals with Israel. Tel Aviv is searching for a new energy supplier. The only alternative source is gas from Azerbaijan. Current supplies reach Israel through Turkey.

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Is Europe ready to take a risk?

The discovery of new gas reserves in the Absheron gas field by the French company Total seems to have reignited passion for the notorious “gas game”

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Resorts of North Caucasus receive new investors and investment adviser

The state corporation "Bank for Development and Foreign Economic Affairs" (Vnesheconombank) and the company "Resorts of the North Caucasus"  (RNC) have entered into an agreement providing investment advisory services. The document was signed at the International Investment Forum "Sochi-2011.”

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The Washington Post reported that Secretary of State Hillary Rodham Clinton said Thursday she is optimistic the two American hikers being held in Iran will be released, despite a delay since Iran’s president announced the planned release. Clinton and Defense Secretary Leon Panetta said they continue to hope that the Iranian regime will release the two men as a humanitarian gesture. The pair has been jailed more than two years. Clinton said the U.S. has received word through a number of sources that the hikers will be released and returned to their families.

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