Russia, China considers Iran’s accession to Shanghai Cooperation Organisation
Sergey Lavrov, Russian Foreign Minister talked about Iran’s possible accession to the Shanghai Cooperation Organization (SCO) at the session of the Council of Foreign Ministers, Russian presidential envoy for SCO Bakhtiyer Khakimov told journalists in Tashkent on May 24, TASS reports. “For instance, we will remind about Iran’s application and there is also an application […]
Caucasus countries ranked as cheapest places to live
Three major countries in the Caucasus region, Azerbaijan, Georgia and Armenia are ranked the cheapest countries to live. Time.com released statistics about 50 cheapest countries to live in the world by comparing their life standards. Azerbaijan is 23rd, Georgia is 29th and Armenia is ranked 42nd among these countries. Main information is given as: Azerbaijan […]
Indian PM Modi arrives in Iran
Indian Prime Minister Narendra Modi arrived in Tehran for his first on May 22. Two countries will sign several agreements to boost relations on politics, trade and transport. This visit provides various meanings for both sides and regional countries. Iran and India relations cover mutual interests which directly affect the region. India hosts the largest […]
India considers accession to Eurasian Economic Union, Kazakh ambassador says
Kazakhstan and India will increase bilateral trade turnover up to $5 billion during the next 2-3 years, The Times of Central Asia reported citing Yerzhan Shaikenov, co-chairman of the Kazakhstan-India Business Council. “We hope that the Business Council will help increase mutual trade and investments. I expect that in two-three years we will be able […]
Goods to be delivered from India to Europe within 14 days
With the railway corridor connecting India to Europe, we will soon be able to deliver goods along this route in no more than 14 days, chairman of Azerbaijan Railways, Javid Gurbanov said in his interview with The Business Year. He talked about the International Trans-Caspian route from China to Baku and said that Azerbaijan becomes […]
Turkmen leader pardons hundreds of prisoners
President of Turkmenistan, Gurbanguly Berdimuhamedov signed a decree on “Amnesty of sentenced persons on the occasion of Day of Constitution and Magtymguly’s poetry,” Turkmenistan The Golden Age Newspaper reports. In line with this decree, the convicted 853 persons will be released from further serving their prison sentences and also from additional punishments in the form […]
LG to produce electric car for Iran
LG Group will produce the electric car for the Iranian market. LG and the Iranian government recently signed an agreement for the development. The agreement only lays out the issues in broad strokes and is to be followed a proper contract later, the Chosun Ilbo reports. An LG Corp. staffer said, “We stayed in Iran […]
Iran to build wind farm in Kazakhstan
Iran will construct a wind park in Kazakhstan to generate electricity. The agreement was signed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group in Tehran on May 14, PressTV reports. According to the agreement, Iran will establish a 50-megawatt wind power plant in the west of Kazakhstan near […]
Russian export to ASEAN market will rise to 10% by 2020
Pyotr Fradkov, Chief Executive Officer of the Russian Export Center said that the center forecasts Russian export to ASEAN countries will grow from 1.5% to 10% by 2020. “Now we have 1.5% on the market but I believe 10% will be a decent share. It’s fairly achievable by 2020,” he said in an interview with […]
Tajikistan, Kyrgyzstan, Afghanistan, Pakistan inaugurated CASA-1000 project
The $1.7 billion CASA-1000 project was inaugurated among Afghanistan, Pakistan, Tajikistan and Kyrgyzstan in Dushanbe on May 12. Tajik President Emomali Rahmon, Afghan Chief Executive Abdullah Abdullah, Pakistani Prime Minister Nawaz Sharif, and Kyrgyz Prime Minister Sooronbai Jeenbekov attended the inauguration. RFERL reports that the CASA-1000 provides a 1,222-kilometer power-transmission line to carry 1,300 megawatts […]
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