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Trump Tower in Azerbaijan Showed Conflict Risk in Strategic Area


The Trump Organization’s announcement that it’s ending licensing deals for projects in Brazil and Azerbaijan suggests it is moving to fend off wide concerns about conflicts of interest in advance of Inauguration Day. Alan Garten, the organization’s executive vice president and general counsel, said Thursday that said the moves are “housecleaning,” …

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New Phase of TANAP’s Construction Begins


The new phase of construction of Trans Anatolian Natural Gas Pipeline (TANAP) has started in Turkey’s west, Ihlas news agency reported Dec.14. The new phase envisages construction of the pipeline’s 68 km section and it is planned to complete the work within six months. The steel pipes produced in Turkey …

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EU Delay on Visa-free Travel for Ukrainians Fuels Sense of Betrayal


As activists gathered on an icy Kiev square this weekend to commemorate the authorities’ bloody response to the wave of protests three years ago that eventually swept the then president from power, the mood was sombre. he country’s 2013-14 Maidan revolution was sparked by Viktor Yanukovich’s refusal, under pressure from …

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​Poverty Trap Leaves Least Developed Countries Ever Further Behind


Global poverty is increasingly concentrated among a group of 48 countries, which are falling further behind the rest of the world in terms of economic development, according to a United Nations report released on Tuesday by UNCTAD. The Least Developed Countries Report 2016: The Path to Graduation and Beyond – …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: ADB approved two funding channels for Azerbaijan amounting to US$ 1.5bn Asian Development Bank (ADB) will provide US$ 1.0bn in private and public sector assistance to expand Azerbaijan’s Shah Deniz II gas field. The assistance comprises …

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Amount of Container Trains on TCITR to Reach 1,000 by 2020


,The amount of container trains on the Trans-Caspian International Transport Route (TCITR) will reach 1,000 until 2020 according to a message posted on the website of Kazakhstan Temir Zholy JSC (Kazakhstan Railways). This agreement was reached during a working meeting of heads of railway administrations of Azerbaijan, Kazakhstan and Georgia …

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Belarus Is Emerging as the Silicon Valley of Eastern Europe


Belarus is run by a former collective-farm manager and is known for manufacturing tractors. Now, the former Soviet republic wants to be known as the Silicon Valley of Eastern Europe. The nation of 9.5 million people sandwiched between Russia and Poland has a well-educated population and relatively low labor costs. And …

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ADB Approves $1B Loan to Expand Shah Deniz II Field


The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields, said the message of the bank posted on its website Dec. 7. The assistance comprises a $500 million private sector loan to …

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