Today.Az Covering Azerbaijan inside and outside Today.Az Kazakh-Chinese co-op center has no analogues, says ICBC "Khorgos" World news Sat, 26 May 2018 17:45:00 +0400 By  Trend:The international center for cross-border cooperation (ICBC) "Khorgos" (Kazakhstan) - a new type of cross-border zone of trade and economic cooperation in the world - is one of the important mechanisms for promoting the national economic interests of Kazakhstan and China within the framework of the "Nurly Zhol" [Bright way] and "Silk Road Economic Belt" programs, the President of JSC ICBC "Khorgos" Kaharman Jazin told Trend.He noted that, the ICBC "Khorgos" is not a purely Kazakh-Chinese project, but a project of cross-border trade and economic cooperation aimed at a broad representation of the business community.Jazin said the main goals and objectives facing Kazakhstan and China are to strengthen mutual trust and good neighborliness, effective cooperation in political, trade, economic, scientific, technical and cultural fields, as well as in the field of transport and tourism."ICBC "Khorgos" was granted the status of a special economic zone (SEZ) by the resolution of the government of Kazakhstan last year. This contributes to the creation of favorable conditions for the development of business and investment in the territory of Kazakhstan. Participants of ICBC "Khorgos" will be exempt from payment of basic taxes, such as land tax, property tax, corporate income tax, there is also a zero VAT rate for goods sold in the SEZ territory, and the absence of quotas for attracting foreign labor, " said Jazin.He noted that, the partners of ICBC "Khorgos" in the Eurasian Union show great interest and see the project as a unique platform for the promotion of their goods for export."We all know that the participants of foreign economic activity are faced with the problem of entering foreign markets, lack of relevant analytics, problems at the borders and so on. In this regard, ICBC "Khorgos" is a permanently functioning forum or, if you prefer, an exhibition of its own products. After all, our center has a favorable geographical location – it is no mere chance that the ancient Silk Road passed through Khorgos, and in modern realities its importance only increases every year," said Jazin.The president of ICBC said the economic attractiveness of the center is also supported by the development of transport routes, as ICBC "Khorgos" is located on the Almaty – Khorgos section of the international motor highway corridor "Western Europe – Western China"."The similar corridor, but a railway one, passes through Khorgos. As you know, just through that corridor, the container trains travel to Europe, Central Asia, as well as to the Caucasus, Afghanistan, and Turkey. In addition, a special economic zone "Khorgos – Eastern Gates" with industrial and logistics areas and dry port Khorgos Gateway, which provides services for the transportation of goods is actively built in the region", said Jazin.He noted that, the partners of ICBC "Khorgos" have the opportunity to enter the new markets such as China, EEU, CIS and South-East Asia, with minimum cost and maximum benefit"Everyone wins, and we regard this as the uniqueness of our project based on the principles of mutual trust, mutual benefit, equality and the desire for joint development," said the president of the ICBC.ICBC "Khorgos" is a unique project of two countries - Kazakhstan and China. It is a center of trade, economic, tourism and investment cooperation. It consists of the Kazakh and Chinese parts, located on the adjacent near-border territories of the two states and connected by a special passage crossing the state border. SOCAR to expand capacity of underground gas storage facilities in Azerbaijan Business Sat, 26 May 2018 17:18:00 +0400 By  Trend:There are plans to expand capacity of underground gas storage facilities in Azerbaijan to five billion cubic meters, said Dashgin Isgandarov, director general of the Azneft Production Union of Azerbaijan’s state oil company SOCAR, during technical consultations on this issue.There are two gas storage facilities – Kalmaz and Garadagh – in Azerbaijan.Isgandarov noted that in recent years, a lot of work was done regarding reconstruction and expansion of the underground gas storage facilities considered strategic objects of Azerbaijan, as well as introduction of advanced technologies and increasing the efficiency of gas storage, adding that this work will be continued, the Azneft Production Union said in a message.“Azneft Production Union implemented a number of projects to increase the storage capacity of gas in underground gas storage facilities,” he said. “We face an important task to increase the capacity of the Garadagh and Kalmaz underground gas storage facilities to five billion cubic meters. This process will be implemented in two stages. First of all, it is planned to increase the storage capacity to 3.5 billion cubic meters at the expense of internal capabilities.”In turn, head of the department Rovshan Garayev said that by May next year, the work will be carried out at the Kalmaz underground gas storage facility to bring the volume of buffer gas to 2.3 billion cubic meters given 1.5 billion cubic meters of active gas.“To this end, the department of gas storage facilities’ operation will take important measures to increase the capacity of underground gas storage facilities, including drilling of new wells, reconstruction of the above-ground equipment and gas facilities, as well as carry out the work to improve the existing infrastructure,” Garayev said.During the meeting, it was noted that six new wells will be drilled at the third block of the Kalmaz gas storage facility this year, and 15 new wells will be drilled at the fourth block.“It is expected that six new compressor stations will be built and commissioned before the start of the gas injection season in 2019,” the message said. “The work on the supply of equipment for new compressor stations continues. A new manifold system for 15 wells will be built at the gas distribution point of the third block. Major work on the reconstruction and expansion of gas storage facilities, compressor and electric facilities were carried out for this purpose.” San Diego proclaims May 28 as “100th Anniversary of Azerbaijan Democratic Republic Day” Politics Sat, 26 May 2018 16:49:00 +0400 Trend:The City of San Diego, which is the second-largest city in the US State of California and eighth-largest in the US, has proclaimed May 28, 2018 as “100th Anniversary of the Azerbaijan Democratic Republic Day” in the city.Presented by City Councilmember Christopher Ward, the proclamation was signed by San Diego Mayor, City Council President and all City Council members.In the proclamation, which was sent to the Consulate General of Azerbaijan in Los Angeles, it is stated that “following the October Revolution in the Russian Empire, the Azerbaijani people established the Azerbaijan Democratic Republic on May 28, 1918.”It is also noted that “the new democracy enacted many progressive reforms, including granting the right to vote to women in 1919, which made Azerbaijan not only the first majority-Muslim nation to empower women, but it also put the country ahead of many advanced nations of the time in championing women’s rights.”The document stresses that after restoring its independence in 1991, “the Republic of Azerbaijan has consolidated its freedom and independence, and has become one of the world’s fastest developing and modernizing countries, the largest economy of the region and the biggest US trade partner in the South Caucasus.”It further mentions that the United States was one of the first countries to recognize the Republic of Azerbaijan and establish full-fledged diplomatic relations with it.The proclamation notes that represented by its Consul General in Los Angeles, Azerbaijan has formed a strong partnership with San Diego over the last few years. In conclusion, the City of San Diego declares, on behalf of the people of San Diego, May 28 to be the “100th Anniversary of the Azerbaijan Democratic Republic Day” in the City. Azerbaijani oil prices down May 25 Business Sat, 26 May 2018 16:25:00 +0400 By  Trend:The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $77.55 per barrel at the Italian port of Augusta on May 25, that is $2.57 less than on May 24, a source in Azerbaijan’s oil and gas market told Trend May 26.The AZERI Light FOB Ceyhan oil price was $76.54 per barrel on May 25, or $2.57 less than the previous price.Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.The price for URALS-NOVO was $74 per barrel on May 25, or $2.42 less than the previous price.The price for a barrel of Brent Dated, produced from the North Sea, stood at $76.43 on May 25 or $2.61 less than the previous price. Heydar Aliyev Foundation VP Leyla Aliyeva, Baku Media Center President Arzu Aliyeva attend ... Society Sat, 26 May 2018 15:57:00 +0400 Trend:A presentation of the “The Last Session” feature documentary film dedicated to the 100th anniversary of the Azerbaijan Democratic Republic has been held at the Heydar Aliyev Center.Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva and president of Baku Media Center, executive producer of the film Arzu Aliyeva attended the ceremony.Supported by the Heydar Aliyev Foundation, the film was sponsored by BP Azerbaijan.President Ilham Aliyev signed an order to declare 2018 as a Year of Azerbaijan Democratic Republic. A series of events are being held on the occasion of the centenary of the Azerbaijan Democratic Republic in the country and beyond its borders. Baku Media Center’s feature documentary film “The Last Session” is one of these works, which highlights the last days of the challenged history of the Azerbaijan Democratic Republic.Addressing the event, executive director of the film, president of Baku Media Center Arzu Aliyeva noted that this year Azerbaijan and its people mark the centennial of the Azerbaijan Democratic Republic.“The Azerbaijan Democratic Republic was the first democratic republic in the Muslim world. A multi-party parliament was established and main freedoms were ensured in the country. The women were granted the right to vote. Despite the fact that the Azerbaijan Democratic Republic existed for only about two years, this period is one of the most glorious pages in our country’s history,” Arzu Aliyeva said.“The film which is to be presented today highlights the events that took place on the last days of the Azerbaijan Democratic Republic. Today, we live in an independent, strong, rapidly developing Azerbaijan, which has its own say on the international scene, and are proud of our history. I am confident that the founders of the Azerbaijan Democratic Republic would have been proud of today’s Azerbaijan too. In conclusion, I would like to express my gratitude to everyone who was involved in the creation of the film, including the Heydar Aliyev Foundation and BP,” president of Baku Media Center Arzu Aliyeva said.In his remarks, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones noted that the film was dedicated to a remarkable day in the history of Azerbaijan. He underlined that BP is honored to be the sponsor of the film dedicated to the centenary of the Azerbaijan Democratic Republic and thanked the Heydar Aliyev Foundation and Baku Media Center for their contribution to the film.The event then featured the presentation of “The Last Session” film.Supported by Baku Media Center, the Cinema Plus network of cinemas will host a free screening of the film for three days from May 26. Weekly review of Azerbaijani precious metals’ market Business Sat, 26 May 2018 15:32:00 +0400 By Trend:Last week, the price of one ounce of gold in Azerbaijan increased by 24.5395 manats or 1.1207 percent.Accordingly, the average price of one ounce of gold stood at 2,198.9245 manats.Change in price of one ounce of goldMay 142,242.9715May 212,189.7530May 152,228.8020May 222,191.5635May 162,200.2080May 232,197.0800May 172,196.0005May 242,201.9335May 182,190.6285May 252,214.2925Average weekly2,211.7221Average weekly2,198.9245Last week, the price of one ounce of silver increased by 0.3965 manats or 1.4238 percent.Accordingly, the average price of one ounce of silver stood at 28.03702 manats.Change in price of one ounce of silverMay 1428.3969May 2127.8482May 1528.0122May 2227.9847May 1627.7177May 2328.1479May 1727.8467May 2427.9596May 1827.8979May 2528.2447Average weekly27.97428Average weekly28.03702Last week, the price of one ounce of platinum increased by 47.3705 manats or 3.1545 percent.Accordingly, the average price of one ounce of platinum stood at 1,531.3787 manats.Change in price of one ounce of platinumMay 141,572.3895May 211,501.7035May 151,547.1190May 221,523.3785May 161,529.3285May 231,540.3615May 171,517.1140May 241,542.3760May 181,511.7845May 251,549.0740Average weekly1,535.5471Average weekly1,531.3787Last week, the price of one ounce of palladium decreased by 13.124 manats or 0.7947 percent.Accordingly, the average price of one ounce of palladium stood at 1,670.0664 manats.Change in price of one ounce of palladiumMay 141,692.0950May 211,651.3800May 151,687.6750May 221,682.3030May 161,672.1115May 231,685.3800May 171,676.5400May 241,666.7650May 181,667.7680May 251,664.5040Average weekly1,679.2379Average weekly1,670.0664 Weekly review of Azerbaijani currency market Business Sat, 26 May 2018 15:08:00 +0400 By Trend:The official exchange rate of Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week.Accordingly, at the end of the week the average rate was set at 1.7 AZN/USD.Official AZN/USD exchange rateMay 141.7May 211.7May 151.7May 221.7May 161.7May 231.7May 171.7May 241.7May 181.7May 251.7Average weekly1.7Average weekly1.7At the end of last week, the official exchange rate of manat against euro set by the CBA increased by 0.0072 manats or 0.3604 percent last week.Accordingly, the average AZN/EUR rate was set at 1.9961 manats.Official AZN/EUR exchange rateMay 142.0326May 211.9978May 152.0252May 222.0016May 162.0115May 232.0001May 172.0093May 241.9904May 182.0069May 251.9906Average weekly2.0171Average weekly1.9961The official exchange rate of manat to Russian ruble set by the CBA decreased by 0.0003 manats (1.0989 percent) last week.Accordingly, the average AZN/RUB rate was set at 0.02758 manats.Official AZN/RUB exchange rateMay 140.0275May 210.0273May 150.0275May 220.0276May 160.0273May 230.0277May 170.0275May 240.0277May 180.0273May 250.0276Average weekly0.02742Average weekly0.02758The official exchange rate of manat to Turkish lira set by the CBA increased by 0.018 manats (4.7809 percent) last week.Accordingly, the average AZN/TRY rate was set at 0.3669 manats.Official AZN/TRY exchange rateMay 140.3910May 210.3765May 150.3880May 220.3709May 160.3821May 230.3570May 170.3839May 240.3716May 180.3806May 250.3585Average weekly0.38512Average weekly0.3669 President of Hungary: Azerbaijan has become one of leading countries in region Politics Sat, 26 May 2018 14:39:00 +0400 Trend:President of Hungary Janos Ader has sent a congratulatory letter to Azerbaijani President Ilham Aliyev."Allow me to express my congratulations to you and the people of your country on the occasion of the National Day of Azerbaijan, the Day of the Republic and the 100th anniversary of the proclamation of the Azerbaijan Democratic Republic,” the president of Hungary said in his letter.“Azerbaijan has achieved outstanding results in economic and social development and today it has become one of the leading countries in the wider region. I wish for this development to continue steadily. I can assure you that Hungary remains committed to further developing the strategic cooperation between our countries.”“On the occasion of the holiday, I wish you, Mr President, good health and every success in your highly responsible duties as well as peace and prosperity to the Azerbaijani people,” reads the letter. Berset: I look forward to Azerbaijani-Swiss relations of trust, friendship continue to flourish Politics Sat, 26 May 2018 14:10:00 +0400 Trend:President of the Swiss Confederation Alain Berset has sent a congratulatory letter to Azerbaijani President Ilham Aliyev.“On behalf of the Swiss Federal Council and on my own behalf, I would like to convey my warmest congratulations to you on the occasion of the Republic Day and the centennial of the foundation of the Azerbaijan Democratic Republic on 28 May, 1918,” Berset said in his letter.“I also send my sincerest wishes for the well-being and prosperity of Azerbaijan and the Azerbaijani people. Let me also assure you that I fondly look back on our meeting on the margins of the World Economic Forum in January which testifies to the excellent relations between our two countries.”“I look forward to this relationship of trust and friendship continuing to flourish in the months and years ahead,” reads the letter. S. Korean president: Azerbaijan has made extraordinary height of achievements in every area Politics Sat, 26 May 2018 13:42:00 +0400 Trend:President of South Korea Moon Jae-in has sent a congratulatory letter to Azerbaijani President Ilham Aliyev.“On behalf of the Government and the people of the Republic of Korea, I would like to extend to you and the people of the Republic of Azerbaijan my warmest congratulations on the occasion of the Republic Day and the centennial anniversary of the foundation of the Republic of Azerbaijan,” reads the letter.“I wish to highly appreciate that in the course of the last quarter century of history as an independent country, your nation has made an extraordinary height of achievements in every area,” the South Korean president said in his letter.“Based on the established best relations and the common cultural background as Altaic language speaking nations, our relationship, I anticipate, will be further strengthened and deepened in a more accelerated manner in the future,” reads the letter.“Please accept my best wishes for your continued good health and the everlasting prosperity of the Republic of Azerbaijan.” OPEC reaches record conformity level Business Sat, 26 May 2018 13:15:00 +0400 By Trend:OPEC and non-OPEC countries, participating in the deal to curb oil output have reached a record conformity level of 152 percent, said the Joint Ministerial Monitoring Committee (JMMC).“The 24 OPEC and non-OPEC producing countries participating in the voluntary production adjustments continue to maintain outstanding levels of conformity to the terms of the historic ‘Declaration of Cooperation’ of December 2016,” said the JMMC.The JMMC reported that participating countries have achieved a conformity level of 152 percent during the fourth month of the second year of the Declaration of Cooperation.“This demonstrates the commitment of participating countries to the restoration of market stability, which is intended to serve the long term interests of producers, consumers and the global economy,” said OPEC.The JMMC acknowledged the rising concerns expressed by some importing and consuming countries regarding potential shortages in the global oil market and requested the JTC, supported by the OPEC Secretariat to continue to closely monitor the oil market and to report any fundamental changes.The JMMC Committee reaffirmed participating countries’ commitment to the stability of the market and energy security of the global economy.Furthermore, the JMMC reviewed the JTC’s discussion regarding alternative and/or adjusted metrics to measure the impact of the Declaration of Cooperation and concluded that measuring market stability through a single metric is not sufficient and therefore a more comprehensive set of metrics is required.Committee members expressed satisfaction with overall results, but noted that individual country performance was not uniform. They once again highlighted the importance of even performance across all countries.The JMMC was established following OPEC’s 171st Ministerial Conference Decision of 30 November 2016, and the subsequent ‘Declaration of Cooperation’ made at the joint OPEC/non-OPEC Producing Countries’ Ministerial Meeting held on 10 December 2016. Through the Declaration, 11 (now 10) non-OPEC oil producing countries and OPEC’s 13 (now 14) Member Countries decided on voluntary production adjustments of around 1.8 million barrels per day as part of efforts to accelerate the stabilization of the global oil market.The 9th meeting of the JMMC will take place in Vienna on June 21 2018. Azerbaijan intends to increase export of pomegranate products Business Sat, 26 May 2018 12:49:00 +0400 By Trend:Azerbaijan plans to increase exports of pomegranate and products derived from it in the coming years, Chairman of the Azerbaijan Pomegranate Producers and Exporters Association Farhad Garashov told Trend."The figures are growing from year to year. From October 2017 to March this year, exports of both pomegranate and products made of it valued $12 million. Usually the harvest of pomegranate begins in October. With proper storage, the product is kept until March," Garashov said.The chairman of the association noted that today the products made of pomegranates of Azerbaijani origin are exported to many countries, including Australia, Canada and Russia."As for the pomegranate itself, today it is mainly exported to Russia. Our goal is to expand the geography of supplies, in particular to establish exports to Europe and North America," he said.Garashov also said that in 2017, processing enterprises in Azerbaijan purchased about 20,000 tons of pomegranate from local farmers for production of juices, narsharab (pomegranate syrup) and other products.The Azerbaijan Pomegranate Producers and Exporters Association was established on October 31, 2016. Today it brings together 26 members. Cleveland mayor designates May 28 as Centennial Celebration of Azerbaijan Democratic Republic ... Politics Sat, 26 May 2018 12:22:00 +0400 Trend:Mayor of Cleveland, Ohio, Frank G. Jackson signed an official proclamation on occasion of Centennial Celebration of the Azerbaijan Democratic Republic (ADR), the Embassy of Azerbaijan in the US said.The proclamation notes that on May 28, 1918, Azerbaijan declared its independence establishing the Azerbaijan Democratic Republic, becoming the first secular parliamentary democracy in the Muslim world, and was recognized by other democratic nations, including the United States of America.The proclamation emphasizes that during their brief period of initial independence, Azerbaijan granted all people the right to vote regardless of race, gender, ethnicity and religion, becoming the first Muslim nation to grant women equal political rights with men.At the same time, the document emphasizes that Azerbaijan was forcefully incorporated into the USSR, and restored its independence in 1991.The proclamation notes that over the last quarter century, the Republic of Azerbaijan has consolidated its sovereignty and independence, and has become a staunch ally and strategic partner of the democratic world.The proclamation says the City of Cleveland is made up of a diverse fabric of people and the contributions of its Azerbaijani citizens are deeply appreciated and deserve commendation.In conclusion, it is noted that, during this year of centennial celebrations, millions of Azerbaijanis around the globe, and many in the City of Cleveland will observe May 28, 2018 as the National Day, and remember contribution of their forefathers to the spread of democracy in the regions of Caucasus, Central Asia and the Middle East.Mayor Frank G. Jackson also designated May 28, 2018 as the Centennial Celebration of the Azerbaijan Democratic Republic in the City of Cleveland. Program of French FM’s visit to Azerbaijan announced Politics Sat, 26 May 2018 11:53:00 +0400 By Trend:France’s Minister of Europe and Foreign Affairs Jean-Yves Le Drian will visit Azerbaijan May 27.In Azerbaijan, the minister will have meetings with Foreign Minister Elmar Mammadyarov, Finance Minister Samir Sharifov and other officials, said a message from French Ministry of Europe and Foreign Affairs.“Le Drian will review current international issues and discuss bilateral relations. At economic level, our cooperation will be strengthened by the signature of agreements between manufacturers from both countries and by the possible prospect of training tailored to market needs,” said the ministry.Moreover, Jean-Yves Le Drian will visit the French-Azerbaijani University, opened in 2016 and rapidly developing.On its premises, built by the Azerbaijani government, Jean-Yves Le Drian will open an exhibition of French archives devoted to Azerbaijan Democratic Republic, said the message. Russia to continue ensuring economic growth - Putin World news Sat, 26 May 2018 11:20:00 +0400 The Russian authorities will continue efforts to ensure a sustainable growth of the Russian economy aiming to join the list of Top-5 global economies, Russian President Vladimir Putin said Friday."I think you will agree that we have restored our growth, this is an obvious fact, and reduced the sensitivity to the fluctuations on the global markets," Putin said at a meeting with heads of foreign companies in the framework of the St. Petersburg International Economic Forum (SPIEF).The president stressed that for the next six years Russia will pursue the goal of gaining a foothold in the group of five largest economies of the world."We set ourselves the task of gaining a foothold in this group of five, and I am certain that we will accomplish this. We are planning to do this through the expansion of domestic consumer and investment demand, among other measures," the president added.Putin also assured the foreign businessmen that the Russian government conducts a wise and responsible budgetary policy. Azerbaijan - a leading supplier of agricultural products to Russia Business Sat, 26 May 2018 10:55:00 +0400 Trend:Azerbaijan is one of the leading suppliers of agricultural products to Russia, Andrei Vorobyov, governor of the Moscow region of Russia, told the “Russia for All” website on the sidelines of the 22nd St. Petersburg International Economic Forum (SPIEF), held May 24-26.“We are very close friends and partners with Azerbaijan,” he said. “Our countries implement many big joint projects. We have good trade, economic and political relations. I am confident that additional contacts will be established among the representatives of the economic communities of our countries at the Forum and ideas for new future projects will emerge.”Vorobyov noted that he was in Azerbaijan two years ago.“We closely cooperate with Azerbaijan’s Agriculture Ministry,” he added. “As you know, there are a lot of markets in the Moscow region where agricultural products are sold, and Azerbaijan holds leading positions in this sphere.” Without roads, jobs and prospects: Ukrainian TV channel about life in Nagorno-Karabakh Politics Sat, 26 May 2018 10:37:00 +0400 Trend:Today, Nagorno-Karabakh occupied by Armenia is a territory that does not have a developed infrastructure, modern roads, international contacts and prospects for its residents, says a report broadcast by 112 Ukraine TV channel.It is noted in the report that Armenians residing in Nagorno-Karabakh cannot visit other countries except Armenia, and local children are deprived of access to international educational programs."In one of the cities in Nagorno-Karabakh – Shusha – there are still reminders of the armed conflict of 1994: there are houses destroyed by shells everywhere. There are few opportunities for trade and education development in Nagorno-Karabakh," the TV channel's report said."The local sports, in particular football, are also experiencing difficulties because of the unrecognized status. The local football team is deprived of the opportunity to hold international games and take part in official tournaments. Despite repeated requests, an official permission for membership in football organizations was not provided to Karabakh," notes the report.It is reported that the players are training in a stadium, but the road leading to that stadium has no asphalt pavement, the seats for the audience are rusty, and the athletes get to the facility in old cars and complain about low wages. At the same time, players are forced to have another job, because it is impossible to survive only on player's salary.The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.The 1994 ceasefire agreement was followed by peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on withdrawal of its armed forces from the Nagorno-Karabakh and the surrounding districts. Armenia breaks ceasefire with Azerbaijan 79 times Politics Sat, 26 May 2018 10:21:00 +0400 Trend:Over the past 24 hours, Armenia’s armed forces have 79 times violated the ceasefire along the line of contact between Azerbaijani and Armenian troops, the Azerbaijani Defense Ministry said May 26.The Armenian side used heavy machine guns.The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.The 1994 ceasefire agreement was followed by peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on withdrawal of its armed forces from the Nagorno-Karabakh and the surrounding districts. Russia eyes to lift restrictions from trade with Azerbaijan: minister Business Sat, 26 May 2018 10:16:00 +0400 Trend:Russia is working to lift restrictions from trade with Azerbaijan, Minister for Economic Development of Russia Maxim Oreshkin told the “Russia for All” website on the sidelines of the 22nd St. Petersburg International Economic Forum (SPIEF).“A concrete action plan on five directions has been proposed, and we are working as part of this plan to ensure that trade and economic cooperation between our countries grows and strengthens,” he said. “The flow of mutual investments between our countries doesn’t stop. We have strong ties not only at the economic, but also at the human, cultural level. Many Azerbaijanis live in Russia and many Russians live in Azerbaijan. This connects our countries and allows to develop relations in all spheres of life, including in the economic sphere.”Oreshkin stressed that Russia and Azerbaijan can achieve great progress in economic relations.Azerbaijan’s trade turnover with Russia amounted to $2.14 billion in 2017, about $1.5 billion of which accounted for the import of Russian products, according to Azerbaijan’s State Customs Committee. The value of trade between the two countries grew 4.3 percent compared to the previous year. IFC seeks to support process of diversification of Azerbaijan’s economy Business Sat, 26 May 2018 10:10:00 +0400 By Trend:The International Finance Corporation (IFC) is committed to continuing to support the diversification of Azerbaijan’s economy by helping to mobilize the power of the private sector, Jan van Bilsen, IFC Regional Manager for the South Caucasus, told Trend May 16.He noted that the continued investment climate and regulatory reforms are important to build the confidence of investors to invest in the private sector and contribute to economic diversification.Recent developments, including the drop in oil prices in 2014, have made it clear that many countries of the region, including Azerbaijan, need to move to a different growth model, relying less on state resources and more on the private sector, said van Bilsen."That means that new sources of growth must be tapped into. Many governments recognize this and are taking steps in that direction. One of the key drivers to accelerating and sustaining progress is making the private sector the main driver of growth."Van Bilsen noted that the IFC particularly welcomes the government’s strong focus on improving infrastructure and enhancing connectivity within the country and internationally."IFC is ready to work in infrastructure in Azerbaijan, for example in energy, waste management and transport, as long as there is interest in opening these areas to the private sector. Given our vast global experience in structuring public-private partnership projects in various sectors, IFC is ready to support the government in attracting private investment for selected public infrastructure through PPP transaction advisory support. This can help lower the fiscal burden and improve effectiveness and efficiency of public investment and assets," van Bilsen said.The regional manager added that IFC is also open to investing in competitive businesses that are transparent and well managed in various productive sectors, including but not limited to export-oriented industries to help the country generate alternative sources of foreign exchange.Azerbaijan became a member of the International Finance Corporation in 1995. Since the beginning of cooperation, IFC has allocated more than $500 million for projects in Azerbaijan covering financial services, infrastructure and production. OSCE reps to visit South Caucasus Politics Sat, 26 May 2018 10:03:00 +0400 Trend:Nearly 30 permanent representatives of OSCE are heading to Azerbaijan, Georgia and Armenia to get first-hand info in the countries, Galib Israfilov, Azerbaijan’s ambassador to OSCE, tweeted May 25.“Armenia doesn’t wish me joining the group on Yerevan leg,” he tweeted.The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.The 1994 ceasefire agreement was followed by peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on withdrawal of its armed forces from the Nagorno-Karabakh and the surrounding districts. Azerbaijan creating Financial Monitoring Service Politics Fri, 25 May 2018 18:06:00 +0400 Trend:Azerbaijani President Ilham Aliyev has signed a decree to create the Financial Monitoring Service.Story still developing CBA announces manat rate for May 29 Business Fri, 25 May 2018 18:00:00 +0400 By  TrendOfficial exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.7 AZN/USD for May 29, the Central Bank of Azerbaijan (CBA) said May 25.Thus, the AZN/USD rate remained unchanged compared to the rate on May 25. SOFAZ to continue pursuing strategy to increase long-term return on equity Business Fri, 25 May 2018 17:51:00 +0400 By  TrendAs part of its investment policy, the State Oil Fund of Azerbaijan (SOFAZ) will continue to pursue a strategy to increase the long-term return on equity considering the risks in accordance with conditions in the financial markets and in the economy, the SOFAZ told Trend.It was also noted that the SOFAZ portfolio is highly diversified both in terms of types of assets and at the currency level."Presently, SOFAZ’s investment portfolio includes financial instruments expressed in about 20 currencies," the Fund said. "The attractiveness of financial instruments of a country expressed in local currency depends on the analyses of financial markets and economies of this country."The Fund noted that each new investment is also assessed considering its specific weight in relation to the whole portfolio and the correlation of assets, thus preventing the excess of the share of investments in any type of financial instruments or the sector of economy."Upon further consideration of the appropriate investment, the compliance with the limits of the currency ratings established by the investment rules is also taken into account," the Fund added.The total investment portfolio of SOFAZ as of April 1, 2018 amounted to $37.63 billion, or 100 percent of the total assets.According to the results of the first quarter of 2018, 48.8 percent of the total investment portfolio of SOFAZ was fixed in US dollars (about $18.36 billion), 34.4 percent of the Fund's investment portfolio in euros - 10.51 billion euros (compared to 35.7 percent in 2017), 4.9 percent in British pounds (£1.32 billion), 1 percent in Turkish Lira, 0.7 percent in Australian dollars, 1.1 percent in Russian rubles, 1.2 percent in Korean won, 1.4 percent in Chinese yuan, 1.6 percent in Japanese yen and 1.5 percent in other currencies. The rest of the portfolio (3.4 percent, or about $1.29 billion) is fixed in gold.As of April 1, 2018, the assets of SOFAZ increased by 5.1 percent compared to the beginning of 2018 and amounted to $37.6 billion.The State Oil Fund was established in 1999, and at that time its assets amounted to $271 million. Ankara committed to further strengthening military co-op with Azerbaijan Politics Fri, 25 May 2018 17:44:00 +0400 By  TrendAnkara is committed to further strengthening military and defense cooperation with Azerbaijan, said Yalcin Topcu, advisor to Turkish President Recep Tayyip Erdogan, Turkish media reported May 25.Topcu added that he will further work for the strengthening of relations between the two countries.Turkey wants the Azerbaijani lands to be liberated from the Armenian occupation soon, he said.“The Armenia-Azerbaijan Nagorno-Karabakh conflict must be resolved soon and undoubtedly within Azerbaijan’s territorial integrity,” he noted.The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.The 1994 ceasefire agreement was followed by peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on withdrawal of its armed forces from the Nagorno-Karabakh and the surrounding districts. Tajikistan's power supplies to Uzbekistan, Kyrgyzstan revealed World news Fri, 25 May 2018 17:33:00 +0400 By AzernewsBy Kamila AliyevaTajikistan exported almost 128 million kilowatt-hours of electricity in April 2018, while about 84 percent of this volume fell for the share of Uzbekistan, Central Asian media outlets reported.“In April 2018, 12 million kWh of electricity was delivered to Afghanistan from Sangtuda-1 and Sangtuda-2, 9.9 million kWh - to Kyrgyzstan and 106.9 million kWh – to Uzbekistan,” said the report entitled ‘Monitoring and early warning in Tajikistan’.  The report is prepared monthly by the Tajik Ministry of Economic Development and Trade with the financial support of the OSCE.The electricity exported to neighboring countries amounted to about 10 percent of the total output for last month.The total amount of electricity produced by the subordinated capacities of Barki Tojik in April amounted to more than 1.4 billion kWh. Supplies of Tajik electricity to neighboring Uzbekistan were restored in early April of this year after almost a decade of interruption.In total, according to the agreements, Tajikistan will supply up to 1.5 billion kWh of electricity to the neighboring country.Tajikistan exports electricity to Uzbekistan at a price of 2 U.S. cents per kilowatt.The state energy holding also noted that currently the third power transmission line with capacity of 220 kW - Uzlovaya in Isfara - is being prepared with the aim to increase the volume of electricity supplies to Uzbekistan.Tajikistan can export up to 5 billion kWh of electricity. Seasonal recipients of Tajik electricity are Afghanistan and Kyrgyzstan (1.5-2 billion kWh) along with Uzbekistan.Over 18 billion kilowatt hours of electricity, which allowed the country to provide electricity without imposing a limit, were produced in Tajikistan in 2017.Previously, Central Asia had a unified energy system. It included 83 power plants with total capacity of 25,000 megawatts in the territory of Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan and southern Kazakhstan.In winter, Tajikistan and Kyrgyzstan accumulated water in reservoirs and received electricity and energy resources (coal and natural gas) from Kazakhstan, Turkmenistan and Uzbekistan. In summer, Tajikistan and Kyrgyzstan sent water to Uzbekistan and Kazakhstan for irrigation farming.However, after Turkmenistan and Uzbekistan left the unified energy system of Central Asia in 2003 and 2009, respectively, the system ceased to function. Baku awaits sunny weather on Saturday Society Fri, 25 May 2018 17:27:00 +0400 By AzernewsBy Laman IsmayilovaChangeable cloudy and mainly dry weather in expected in Baku on May 26.The temperature on the peninsula will be 16-20?C at night, 25-30?C in daytime in Absheron peninsula, in Baku 17-19?C at night and 27-29?C in daytime, the Ecology and Natural Resources Ministry reported.Atmospheric pressure will be 759 mm mercury column; relative humidity will be 65-75% at night, 45-55% in the afternoon.Northern-west wind will blow  on Absheron beaches (Sumgayit, Novkhani, Pirshaghi, Nardaran, Bilgah, Zagulba). The sea water temperature will be 18-19 degrees.Northern-west wind will blow  in southern beaches (Turkan, Hovsan, Sahil, Shikh).The sea water temperature will be 20-21 degrees.Lightning and short-term rain are expected in country's regions.  Western wind will blow. The temperature will be +14-19?C at night, +28-33?C in daytime, +7-12?C in mountains at night, +14-19?C. OPEC+ may start increasing production in 2018 — Russian Energy Minister Business Fri, 25 May 2018 17:13:00 +0400 By  TrendRelaxation of oil production restrictions within the framework of the OPEC+ oil production capping agreement can start from the third quarter of 2018, Russian Energy Minister Alexander Novak said on Friday at the St. Petersburg International Economic Forum, TASS reports."We will discuss the need to ease the restrictions level. It can be said that it should star from the third quarter - this is the second half of the year," the minister said.OPEC+ countries agreed to reduce production from the beginning of 2017 by 1.8 mln barrels of oil per day against the level of October 2016. Over the past seven months, the plan has been overfulfilled, including through reducing production in Venezuela and several countries in Africa.The agreement on the reduction of oil production between 24 countries has been in effect since January 2017 and has already been extended twice. According to the terms, the participants should reduce production by 1.8 mln barrels per day (against October 2016, taken as the base level). Currently the agreement is valid until the end of 2018. Foreign investors financing solar power plants in Iran's Yazd World news Fri, 25 May 2018 17:00:00 +0400 By  TrendGerman, Italian, French and Greek investors are financing solar power plants in the central Iranian province of Yazd, the managing director of Yazd Regional Electricity Company said.The power plants are located in the cities of Noor, Ashkezar, Mehriz, and Dehshir each with an electricity production capacity of 10 megawatts per year, Mohammad Hassan Sabbaghzadegan said on May 24, IRNA news agency reported.He added that the power plants’ production capacity will be increased from 10 megawatts to 70 megawatts by the year-end.Iran’s last major solar power plant was inaugurated in February 2016 in the country’s western province of Hamedan. The plant comprised two seven-megawatt units.Iran is heavily dependent on natural gas and oil to generate power and one of the most energy-intensive countries in the world because government subsidies for fossil fuels encourage inefficient energy use.Water shortage and air pollution, however, is becoming an acute problem for the country of more than 80 million people, forcing officials to embrace the idea of expanding renewable energy capacity.Existing wind and solar capacity is tiny. According to SUNA (Renewable Energy Organization of Iran), there are only 15 wind farms in the country where 100,000 megawatts of potential capacity exists from wind alone.Iran is seeking 5,000 megawatts of renewable energy by 2020, with more than 4,000 megawatts expected to come from wind power. The country has approximately 141 megawatts of installed wind power.SUNA is looking to attract $10 billion of direct private investment by 2018 and $60 billion by 2025. The national grid is also being upgraded so it can cope with an influx of renewables. Oil prices slump as Saudi Arabia and Russia consider output boost World news Fri, 25 May 2018 16:48:00 +0400 By  TrendOil prices fell more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed crude prices to their highest since 2014, Reuters reports.Russian Energy Minister Alexander Novak and Saudi counterpart Khalid al-Falih met in St. Petersburg to review the terms of the global oil supply pact that has been in place for 17 months.The ministers, along with their counterpart from the United Arab Emirates, discussed an output increase of about 1 million barrels per day (bpd), sources told Reuters.Brent crude futures LCOc1 were down $1.51 at $77.28 a barrel by 1015 GMT, having hit their highest since late 2014 at $80.50 this month.U.S. West Texas Intermediate (WTI) crude futures were at $69.34 a barrel, down $1.37.Speaking in St. Petersburg, Falih said the easing of restrictions on pumping levels would be gradual to avoid a shock to the market.He also said the main concern over the recent price rally to more than $80 a barrel should be the impact on onsumer nations such as India and China.“The debate about a possible relaxation of the production restrictions should preclude any renewed price rise,” Commerzbank analysts said.“The $80 mark is likely to pose an obstacle that is difficult to overcome because it would significantly raise the probability of a production increase.” National Bank of Tajikistan to raise its authorized capital 25 times World news Fri, 25 May 2018 16:34:00 +0400 By  TrendThe authorized capital of the National Bank of Tajikistan will increase from 20 million somoni to 500 million somoni, Asia-plus reports.The lower chamber of the Parliament approved relevant amendments to the law "On the National Bank of Tajikistan" on May 25.Presenting the draft amendments, the Chairman of NBT Jamshed Nurmakhmadzoda noted that changes are suggested "to ensure the adequacy of capital to promote effective monetary policy"."Taking into account the increase in the property of the National Bank of Tajikistan, it is planned to establish the size of the authorized capital in the amount of 500 million somoni," he said.Nurmakhmadzoda believes that the definition of the share capital at this level will contribute to the growth of reserves of the regulator and will ensure fulfillment of the state obligations.He added that the current authorized capital of the NBT in the amount of 20 million somoni was established in 2002.According to the law of the Republic of Tajikistan "On National Bank of Tajikistan", the authorized capital can be increased by the decision of the NBT Board with the consent of the President of the Republic and with the subsequent approval of the lower chamber of the Parliament.The authorized capital of the National Bank is formed through sources that are transferred to the disposal of the National Bank: fixed assets, deductions from the net income received by the National Bank, and funds allocated from the national budget. Uzbekistan's sweet cherry exports hit $40 mln World news Fri, 25 May 2018 16:16:00 +0400 By AzernewsBy Kamila AliyevaUzbekistan has exported more than 9,000 tons of sweet cherry worth $40 million since April 28, 2018, according to the Uzbekkozikovkatholding company.The deliveries of sweet cherry in the same period of last year amounted to 3,100 tons and totaled $9.4 million, according to the company.Thus, export of sweet cherry rose three times in tons and more than four times in U.S. dollars, and the season has just begun.The geography of exports is also being expanded. To date, the largest quantity of Uzbek cherries has been shipped to new markets - the UAE, Korea, as well as the already traditional markets of Kazakhstan, Kyrgyzstan, Russia and other countries.A promising market of China is also being opened for the Uzbek sweet cherry. Earlier, a presentation of the Uzbek sweet cherry was held at the Uzbek Embassy in China, as a result of which Chinese companies expressed their readiness to purchase about 5,000 tons.In July 2017, a protocol was signed on the supply of Uzbek sweet cherries to China, according to which representatives of the quality control department, inspection and quarantine of the People’s Republic of China conducted an inspection of places for cultivation of sweet cherries in Uzbekistan.Currently, Uzbekistan is the world’s fifth-largest sweet cherry. And today a number of measures are being taken to ensure the supply of cherries to various developed countries of the world in accordance with their standards and quality requirements. Baku to host EuroVillage 2018 Arts & Entertainment Fri, 25 May 2018 15:39:00 +0400 By AzernewsBy Laman IsmayilovaThose who want to enjoy their time with their families and receive pleasant impressions and new friends are welcome to visit EuroVillage 2018.Its goal is to promote the EU by introducing people to the Union’s culture and different traditions. The event will be held on Baku Boulevard to mark the 100th anniversary of the independence of the Azerbaijan Democratic Republic on June 2.As is tradition, an outdoor event will be arranged by the Delegation of the European Union (EU) to Azerbaijan in co-operation with 20 embassies of the EU Member States in Baku.The organizational support will be provided by Caspian Event Organizers.EuroVillage will be open for visitors from 12:00 o’clock noon. A distinctive feature of this year’s event is its rich and comprehensive programme of events.As part of EuroVillage, visitors will be able to enjoy virtual tours around Europe, while being offered to learn national and European dances.The event will also offer karaoke music, along with the language classes led by representatives of embassies and cultural centers.At the festival, visitors will be offered to participate in awareness-raising entertainment programmes where they will learn more about both chemistry and physics through experiments, not to mention face art, a wreath modeling master class, drawing by 3D pen and much more.Moreover, guests are invited to have a good sporting time; take your friends to score goals with football players in a dedicated pitch organized by AFFA. In addition, visitors will be able to watch a delicious culinary show of the famous European dishes, such as paella.This year’s EuroVillage is also supported by Cinema Park which will offer many interesting activities and gift tickets for visitors of the festival. For the first time within EuroVillage 2018, Azerbaijan Ministry of Culture and Tourism will present various types of folk art and a library.Icherisheher (Old City) Traditional Art Centre will present a collection of the national brand “Dastan”.Partner of this year’s EuroVillage is the Azerbaijan Youth Foundation under the President of the Republic of Azerbaijan; they will be participating with their own stand at this year’s event.Azerbaijan State Gymnasium of Fine Arts named after A.N. Alakbarov will also be among the participants at EuroVillage 2018; students of the gymnasium will share the art of sculpting various figures. In addition, visitors will be able to participate in a master class on pottery.Traditionally, numerous quizzes and contests will be held for both children and adults as part of this year’s EuroVillage festival, where the winners will receive special prizes.EuroVillage 2018 will be open for visitors until late at night, and will end with a grandiose concert featuring performances from specially invited local and foreign pop stars. Hyundai trucks, buses assembly to be established in Uzbekistan World news Fri, 25 May 2018 15:28:00 +0400 By AzernewsBy Kamila AliyevaThe production of Hyundai trucks and buses will be established in Namangan, Uzbekistan, UzA reported.President of South Korean company Evergreen Motors Group Kim Chang keon arrived in the region to hold negotiations on the implementation of the project.He was accepted by khokim of Namangan region Khairullo Bozoroy. The sides noted that socio-economic, scientific and technical cooperation established between Uzbekistan and the Republic of Korea is being further strengthened.Within the framework of the project, the company will assemble trucks with carrying capacity from 1 to 50 tons, as well as intercity, international and tourist buses, special vehicles.At the first stage, it will manufacture 1,000 cars a year. Within three years, this figure will be brought up to 3,000, that is 2,000 trucks and 1,000 buses.At the beginning, spare parts will be imported from the Republic of Korea. Then, in accordance with the localization program for three years, the production of spare parts will be gradually mastered in the region.Car industry occupies one of the leading places in the economy of Uzbekistan. A significant number of the country's population is employed in this sector of industry.The vast majority of automotive enterprises in Uzbekistan are joint ventures with foreign partners. This shows that the country is successfully working to create a favorable investment climate.The main production companies are GM Uzbekistan, SamAvto, JV MAN Auto-Uzbekistan and GM Powertrain Uzbekistan. Taste of traditional breakfast Society Fri, 25 May 2018 15:15:00 +0400 By AzernewsBy Laman IsmayilovaBreakfast is often called the most important meal of the day. It helps you break overnight fast and gives you energy to start a new day.Researchers found out that people who made breakfast their largest meal were less likely to be overweight compared to those who ate their largest meal at lunch or dinner.The traditional Azerbaijani breakfast consists of sweet butter, various types of white cheese, cream, honey, tandir and kuku or scrambled egg with herbs.Bread is considered a sacred food in Azerbaijan. It is a symbol of abundance, prosperity. Azerbaijani people can’t really imagine their breakfast without homemade bread, including tandir, lavash, and shirinchorek. Each of them is different in shape, size, taste and smell.‘Tandir’ bread cooks in the inside of the hollow which has been plastered in surroundings. Bread is cooked by attaching on walls of tandir oven. The bread is also prepared like fragile bread and kept for a long time.‘Lavash’ is thin flat bread made of water, flour and salt. It's thickness varies depending on how thin it was rolled out. Toasted sesame seeds or poppy seeds are sometimes sprinkled on before baking.Many regional varieties of flatbread are baked in the tandir oven.Cheese comes in numerous varieties of different styles, textures and flavours.Owing to its popularity, cheese plays a key part in Azerbaijan's traditional breakfast. While everyone has their personal favorite, some people like to discover new varieties of cheese.Motal cheese is prepared from sheep milk. The cheese is then broken into small pieces and then packed into a sheep or goat skin, known as a motal for 3-4 months. The cheese has a rather spicy, slightly sharp taste and aroma.‘Shor’ is a salty cottage cheese. The cheese is prepared from yogurt-based beverage.‘Ayran’ is converted by heating to cottage cheese. Stretching it through canvas bag, put the mass into the winding and then pour cold brine there. Shake it and put then in a dry place.Doesn’t it seem like dairy is in everything? There’s some kind of milk product in so many things that we eat.Bread and butter are one of the most popular breakfast combinations worldwide. Butter is rich in fat soluble vitamins and fatty acids that are good for health.It's created by churning or shaking cream until it separates into solid and liquid parts called butterfat and buttermilk, respectively.Azerbaijani people are addicted to ‘nehre’ butter which is wonderfully delicious.Scrambled egg dish with tomatoes, known as ‘pomidor chighirtmas’i is a simple dish you can serve for breakfast.How is pomidor ‘chighirtmasi’ made? In a frying pan melt the butter over medium heat. Add the tomatoes and cook, uncovered, until lots of juices have released. Pour the eggs evenly over the tomatoes. Then cook, uncovered, until the eggs set. Sprinkle salt and pepper. It's no secret that honey makes everything better, especially breakfast. It contains flavonoids, antioxidants which help reduce the risk of some cancers and heart disease.Honey has a strong and very sweet flavor, so just a drizzle adds plenty of flavor to any dish.Azerbaijanis usually start their morning with a tablespoon of honey.By the way, if you have a passion for all sweet things then Baku Honey Fair is a must for you. Over 300 beekeepers from around Azerbaijan gathered at the fair last autumn.The fair guests are able to taste and purchase many honey flavors, including lime, meadow, acacia, crown of thorns, chestnut, sunflower, licorice flower, sweet clover, etc.If there’s one thing that could be even better than honey, it's a homemade jam.In Azerbaijan, people make jam from almost anything from walnuts to rose petals.Each summer, Azerbaijani women buy large amounts of fruit and sugar in order to make a large supply of preserves for winter. Some popular jams are made from apricots, strawberries, plums, raspberries, mulberries, pears, peaches, melons, figs and cherries. Every year, International Jam Festival in country’s Gabala region draws in thousands of guests who are eager to taste delicious varieties of Azerbaijani jams or as it called here “murabba”.Jam producers from all over the country and abroad arrive in the city bringing with them hundreds of varieties of natural marmalades and jams.If you visit an Azerbaijani home, undoubtedly you'll be served homemade jam along with black tea.Azerbaijan's tea ceremony reflects ancient traditions and local hospitality.Tea is associated with warmth and friendliness, therefore, the tradition says that one should not allow the guest to leave the house without having at least one cup of tea.It is served in ‘armudu glass’ i.e. ‘pear-shaped glass’ with lemon, cube sugar, sweets and jams.Water is boiled in various ways, in particular, in heated metal containers known as samovars.Make your mornings so much easier with declivous Azerbaijani breakfast! EMIN reveals details of summer music fest Arts & Entertainment Fri, 25 May 2018 15:01:00 +0400 By AzernewsBy Laman IsmayilovaEach summer since 2016, people gather in Sea Breeze Recreation Center, to share a universal love of music at International Music Festival " Zhara 2018".The music festival showcases dozens of talented local and foreign  performers so we can discover fresh new music.The long-awaited summer event will take place in the Sea Breeze recreation center on July 26-29.The festival is held for the third time, and every time it pleases with a meeting with favorite artists, amazes the audience with interesting concert programs, incredible duets and musical premieres.On the threshold of the grandiose event, the organizer of the festival - singer and composer Emin Agalarov (EMIN) met with local journalists and answered the questions of Trend Life correspondent.As EMIN has told, this year's anniversary of Leonid Agutin, Valery, Vladimir Presnyakov will be celebrated as part of the festival. Moreover, music lovers will also enjoy artistic evenings of Valery Meladze and Lubov Uspenskaya.In addition, it is planned to hold an artistic evening of Yuri Antonov.Among the innovations of festival is the film shooting, the pilot title of which "Once Upon in Heat.""It will be a romantic comedy with the participation of both professional actors and representatives of Russian show business. The film is a ridiculous summer comedy about the events that take place within the framework of the festival. It also has a separate storyline where both Azerbaijani actors and Russian actors will be shot. I think this film project will give us an opportunity to show the beautiful city of Baku and the festival from within," said Emin.EMIN expressed the hope that if all goes well, the film project will be an annual one, and will be repeated every year with a different storyline. The singer did not disclose the name of the director, only noting that the film director will be a talented lady, who has many successful projects.EMIN stressed that the festival "ZHARA-2018" is also a television project, broadcasted on the air of the Channel One (Russia)."Last year's festival with the participation of Alla Pugacheva, Sofia Rotaru and a huge number of artists scored a stunning rating on the First Channel:  out of four festival days we got 11-12 TV shows. Almost immediately after the festival, my partners Sergey Kozhevnikov and Grigory Leps, representatives of the First channel began to discuss which artists and what evenings could be of interest to the channel. In fact, t it took the whole year for preparation of the festival. Our task is to make sure that after four days of "Zhara" fest to get at least 12 broadcasts on the First Channel, 12 different evenings - each of the four festival days will be divided into three big events," the musician added.Within the framework of the festival, it is planned to organize one evening together with MuzTV - a free concert in Baku with the participation of Russian stars.The singer also revealed the financial details of the music project, adding that the project is big and expensive."As for the business, the music channel has already been formed on the basis of Zhara brand. Yesterday we launched "Zhara" Radio station on the wave of the Russian FM band, we launched a music label. When the festival was created, I did not expect that I would be engaged in television, radio, music premium ... There are a lot of ideas...," he said.EMIN is proud of being an Azerbaijani. He never hides it, but on the contrary emphasizes."I think that the festival that can take place in any country of the world is held directly in the capital of Azerbaijan, because I am from Baku, and I really wanted to hold it here. I hope that the weather will be good, and the festival will only expand, "he said.By tradition, the festival will please music lovers with hits beloved by millions of listeners, as well as new songs, interesting duets and musical premieres."I recorded two tracks under the name" Azerbaijan ", one of them will open the festival, it will be performed by our and Russian artists. Another song, premiered on May 28, was written by Brandon Stone, I even sang a little in Azerbaijani. It's called "Let's run away to Baku" - part 2," the artist shared his creative plans.Speaking about creativity, EMIN also told about the tour of "Boomerang-2018"."I'm charged with energy, it's a great happiness when thousands of people come to every city. I think if the music connected with its listener, it would not be silly to tour. I'm happy that I have the opportunity to tour, I get a tremendous pleasure from this, despite the fact that this is a great job".EMIN stressed that it is possible that the character José Mammadov (charted created by the artist) will appear at the festival."I have an idea that Jose can be back, and make some funny story, maybe there will be a second part involving the loser Jose," the artist said.It was a tradition to hold jubilee evenings of artists on the festival, and when journalists asked if EMIN will celebrate its anniversary on the stage of "FAT", the artist replied that he did not think about it. Notably, the musician turns 40 in 2019."I do not know, they say that they do not mark 40th birthday, but we'll see ... Despite the fact that I'm the organizer of "Zhara" festival I'm not the main performing artist here. I'm one of the guests, and in all my projects this is my radio station will function on the same principle, if I do not have a trend song, it will not sound on the radio simply because I'm the owner, "the artist added. Toxic people to avoid at all costs! Weird / Interesting Fri, 25 May 2018 14:47:00 +0400 By AzernewsBy Laman Ismayilova“Surround yourself with only people who are going to lift you higher. Life is already filled with those who want to bring you down...” This one is perfect quote for all of those people out there who wants to finally break toxic ties to people and don't feel guilty.At some point we all make stupid decisions, hurt the people we love, say things that are hard to take back. Nobody's perfect. However, this is not about manipulators.Toxic individuals defy logic. They derive satisfaction from creating chaos which creates unnecessary complexity, strife, and, worst of all, stress.Look closely. Toxic people may be family members or friends who  are just waste of your time. Let's unmask them!Drama Queen!Drama people are always trying to convince themselves, by trying to convince you, that they matter. Their life is boring and drama livens things up.Some psychiatrists say that drama queen behavior is wired into the brain, due to a varying combo of genetics, trauma, or other environmental factors. This person may even have a clinical personality disorder. There is nothing you can do to change them. So, don't try!Just set boundaries. Create some guardrails and don’t let them step over them. When they act out, don’t give them more attention.The Victim"Victims" are not so easy to recognize. At first, you will be sympathetic and sensitive to the problems. It’s not all as easy as it sounds.  The victim grates on you with a poor-me attitude, and can’t take responsibility for their actions.People are always "against them". They portray themselves as unfortunates and they will make you into their therapist in a very short period of time. This type should be avoided at all cost! Otherwise, loss of energy, feelings of worthlessness and excessive guilt will follow you forever.The EnviousYou have enemies? Good. That means you've stood up for something, sometime in your life.(Winston Churchill) This type of toxic person feels satisfaction at the misfortunes or failures of others and deeply envies their success. Stop talking those who makes fun of your dreams.These people reduce your potential, confidence with their negative comments about you.Do not take things personally! This type of people make comments about everyone in a bad way, so you will be a topic of conversation for them.The GossiperGossip enjoys discussing other people's misfortunes. These types of people are insecure and use their tongue to distort information. They want to be accepted and recognized and doing so may just be the only way they can get the attention they want.When you talk to them, your personality begins to change. You become ruder, crueler to others and, most importantly, also begin to get pleasure from discussing other people's misery.You can avoid this only by setting limits and distancing yourself when necessary.The "Lost Boy"This person is a modern-day Peter Pan, people with the body of an adult but the mind of a child.The 'Peter Pan Syndrome' affects people who do not want to grow up. They'll never take responsibility for themselves, which means they'll be a burden on you forever.The ManipulatorManipulators suck time and energy out of your life.  They use others as a tool. Manipulators always want something from you.They know what you like, what makes you happy. So, they but the use this information to achieve personal goals. Why Do People Manipulate? There are many reasons for that. These types of people feeling powerful over others increases their own self-esteem or maybe they don't have the social skills to obtain what is wanted or needed by traditional means. Don't waste another minute dealing with a  toxic people! They are wired for negativity. Azerbaijan to take on Portugal in CEV Volleyball Golden European League Sports Fri, 25 May 2018 14:32:00 +0400 By  Azertac The Azerbaijan national women`s volleyball team will face Portugal in the second round of the Pool A of the CEV Golden European League.The match will be played at Azerbaijan Volleyball Center at 18:00 Baku time on Wednesday. Azerbaijani fighters shine at Koshiki Karatedo Asian Open Cup Sports Fri, 25 May 2018 14:20:00 +0400 By  Azertac Azerbaijani fighters have brought home eight medals, including three golds from the Koshiki Karatedo Asian Open Cup held in Barnaul, Russia.Azerbaijan`s squad included five fighters.The tournament brought together 800 karate fighters. Turkmenistan close to successful completion of funds search for TAPI construction World news Fri, 25 May 2018 14:11:00 +0400 By AzernewsBy Kamila AliyevaTurkmenistan is close to the successful completion of the search for funds to finance the construction of the TAPI pipeline, chairman of the consortium TAPI pipeline Company Limited Muhammetmyrat Amanov said.He was speaking at the meeting of the 9th International Gas Congress which began its work on May 23, Reuters reported.The financing will be successfully completed in the third quarter that is in the next three to four months, according to Amanov.The company is negotiating with several credit agencies, including Italian SACE, French Hermes and Greek ECIO, he noted.The head of the consortium did not specify how much money had been collected, nor did he mention possible problems related to the pipeline’s security.The construction of the Turkmen section of the TAPI was launched in December 2015. Work on the Turkmen section is complete while work on the Afghanistan section of the pipeline project started earlier this year in Herat – in the west of the country.The pipeline will run from Galkynysh – the largest gas field in Turkmenistan – through the Afghan cities of Herat and Kandahar, and finally reach the Fazilka settlement located near the India-Pakistan border.The total length of the pipeline is 1,814 kilometers, including 214 kilometers in the territory of Turkmenistan, 774 kilometers in Afghanistan, 826 kilometers in Pakistan to the settlement of Fazilka on the border with India. The construction of the gas pipeline is scheduled to be completed in 2019. Annual capacity of the gas pipeline will be 33 billion cubic meters.The project's preliminary cost is estimated at $10 billion. For the construction of the TAPI gas pipeline, a consortium - TAPI Pipeline Company Limited - was established and the state concern Turkmengaz was elected as the leader.The main problems for the project’s implementation largely considered to be financing and security issues as the pipeline is to pass through the territory of Afghanistan.  Seven more enterprises start operation in Azerbaijan’s Sumgait Chemical Industrial Park Business Fri, 25 May 2018 13:56:00 +0400 By  TrendSeven enterprises will begin to operate in Azerbaijan’s Sumgait Chemical Industrial Park in 2018, Nazim Talibov, director general of the Sumgait Chemical Industrial Park, told reporters in Baku May 25.He added that the enterprises will begin to operate in the second half of the year. Russian plant to start supplying chemical products to Azerbaijan Business Fri, 25 May 2018 13:44:00 +0400 By AzernewsBy Rashid ShirinovBiysk Oleum Plant in Russia’s Altai region will begin delivery of octane-increasing additives in Azerbaijan, Executive Director of the plant Viktor Golovin said on May 25 commenting on the results of his visit to Azerbaijan.“Ecotsetol has been produced at the Biysk Oleum Plant since 2010. Our first installation had a capacity of 3,000-3,500 tons per year. At the moment, as a result of measures to improve the technical process, its stabilization and automation, we have achieved a production capacity of 20,000 tons per year,” Golovin said.He added that the plant’s high-quality additives are today supplied to such companies as Rosneft and Gazpromneft.“Hopefully, we will also supply them to SOCAR (Azerbaijani state-owned oil company) – our Azerbaijani partners,” Golovin added.The executive director was a member of the Altai region’s delegation to Azerbaijan on May 14-18. During the visit to Baku, a preliminary agreement was reached on the supply of octane-increasing additives produced in Biysk.The Ecotsetol additive of the Biysk Oleum Plant allows to bring the diesel fuel up to the quality standards Euro-4 and Euro-5.In addition, the plant expects to increase the volume of the additives export in the framework of the agreements reached in February 2017 during the visit of a delegation from Belarus to the Altai region.Supply of the additives to Belarus and Azerbaijan will result in a new leap in the development of the Biysk Oleum Plant and will increase its revenue to more than $16 million. Gold output in Tajikistan to be increased by 6pct per year World news Fri, 25 May 2018 13:31:00 +0400 By AzernewsBy Kamila AliyevaTajikistan plans to annually increase gold production by 6 percent. The authorities intend to put new capacities into operation in order to achieve this result.“An annual increase in gold production at 6 percent due to the commissioning of new industrial capacities and enterprises is envisaged for the period until 2030,” said the Strategy for the Development of Industry.The draft document was approved by the government at the end of March and adopted by the lower house of parliament last week, Central Asian media outlets reported.The authors of the strategy believe that a group of placer deposits of Hunukob, Sarigor, Kofirbac, Pendzhikent, Matcha, Yagnob, Vozgina, Obiravnov, Dulobi Sangi are of great importance for further development of gold mining.The new strategy involves taking a number of measures that will promote the growth of gold mining and production. In particular, it is planned to simplify the issuance of licenses for small deposits, the creation of artel miners (production cooperatives) by legal entities, an increase in the number of points of purchase and sale and so on.Also, the document discusses a question of adjustment of extraction of a precious metal with prospecting and free-carrier methods.The proposal of the Finance Ministry on the free-carrier extraction of gold has been under consideration by the government for the second year already. It is expected that after the adoption of the relevant document, every citizen of the country on a legal basis will be able to independently search for and extract gold. It will only be necessary to obtain permission from the Ministry of Finance.Permission will be granted for the extraction of gold in certain territories, which should not belong to individuals or legal entities, and also there should be a high probability of finding a metal. For example, this is the valley of the rivers Zarafshon, Pyanj, Yazgulom, Vanj, Bartang and others.The extracted gold can be freely sold to state financial structures. The price at which metal will be purchased from the population is determined by the Finance Ministry.Tajikistan's gold assets contain 137 deposits of industrial gold and 127 deposits of non-industrial gold. Tajikistan has registered a new record in gold production in 2017 as the country extracted 5.5 tons.The main gold-bearing deposits with balance reserves are located in the central part of the republic.The Central Asian nation has 10 gold producers, the biggest ones being Zarafshon (70 percent of all gold extracted in the country), Aprelevka, Tilloi Tochik, Odina Group and Pakrut. SOCAR's most revenues come from foreign business Business Fri, 25 May 2018 13:07:00 +0400 By AzernewsBy Sara IsrafilbayovaIn recent years, SOCAR has turned into a global company, activities of which are not so much dependent on oil production in Azerbaijan.More than 90 percent of the revenues of the State Oil Company of Azerbaijan Republic (SOCAR) brings business outside the country, Deputy Head of the Public Relations and Public Relations Department of the SOCAR Ibrahim Ahmadov said during a press conference dedicated to the 25th Anniversary International Caspian Oil&Gas Exhibition and Conference Baku.According to him, SOCAR together with its partners is actively working outside the country. “SOCAR has become a global company and now it is the leading investor in Turkey, working in Georgia, Switzerland, Ukraine and a number of European Union countries,” Ahmadov stressed.At the first stage Azeri Light oil was recognized, which makes it possible to sell it on world markets at a higher cost than Brent and Urals.“As a result, in five years, the income from the sale of Azerbaijani Azeri Light oil exceeded $ 1.7 billion,” he noted.According to the SOCAR representative, the company’s activities are not so much dependent on oil production in Azerbaijan. “Of the 108 million tons of oil and petroleum products sold in 2017, 86 million accounted for the products of third parties. In general, more than 90 percent of the company’s revenues are formed at the expense of business outside the country,” Ahmadov said.SOCAR is a wholly state-owned national oil company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani section of the Caspian Sea.SOCAR includes three production associations, one oil refining and gas processing enterprise, an oil flotilla, a deep-water base plant, two trusts, one institute, and 23 structures.SOCAR established joint companies (including Georgia and Turkey), alliances, operating in various sectors of oil and gas spheres. SOCAR has representative offices in Georgia, the U.S., Turkey, Romania, Austria, Switzerland, Kazakhstan, Great Britain, Iran, Germany, Ukraine, Belgium and Canada.In total, in 2017 38.69 million tons of oil was produced in Azerbaijan, 7.42 million tons of which accounts for SOCAR. Baku hosts press conference ahead of Seven Beauties Fashion Show Arts & Entertainment Fri, 25 May 2018 12:57:00 +0400 By AzernewsBy Laman IsmayilovaElite Events Hall will host the 2nd Beauty Fashion Show "Seven Beauties" organized by Pi Group Production on June 9.A press-conference timed to the fashion show was held in Baku, Trend Life reported. Make-up artist Parvana Mammadova revealed some details of the upcoming event."Since our show is dedicated to the wedding ceremony, we decided to emphasize on how some traditions of celebration organization were changing. Therefore, at the beginning of fashion guests will see a young couple in wedding dresses that will ride a phaeton, the second "newlyweds" will be already on a retro car, and still others on a modern car. So we want to show how the wedding fashion and some traditions of celebrating," said Mammadova.Charming wedding dresses, evening gowns, creative works of stylists, make-up artists and hairstyle masters, popular singers, retro cars show as well as awarding ceremony await fashion lovers.If in the first show "Seven Beauties", which was organized in February, an original wedding cake was presented to the attention of the guests, then this year the visitors will be able to see the chocolate fountain.The evening will be hosted by Zumrud Gasimova. Guests will be presented a concert program with the participation of famous singers Murad Arif, Samira Allahverdiyeva, Ayaz Babayev, Sura Iskenderli, Aysun Ismayilova, Az?ri at??i and Nero groups, fire-show, etc.To purchase ticket, please contact: +994504507097; +994559792597The project is headed by Ismayil Gasimov, the idea belongs to Parvana Mammadova.Media partners of the event are,,, France’s FM due in Azerbaijan Politics Fri, 25 May 2018 12:43:00 +0400 By  TrendFrance’s Foreign Minister Jean-Yves Le Drian will visit Azerbaijan on May 27, the Azerbaijani Foreign Ministry said in a message May 25.According to the message, Le Drian is expected to meet with Azerbaijan’s Foreign Minister Elmar Mammadyarov and other officials during the visit.Following the visit, a joint press-conference of Azerbaijani and French foreign ministers is expected to be held. KazPrime indicator value for May 25 World news Fri, 25 May 2018 12:42:00 +0400 By  TrendThe KazPrime indicator did not change on May 25, 2018, compared to the previous trading day and amounted to 10.25 percent per annum, Kazakh Stock Exchange said in a message.The KazPrime indicator reflects the average value rates of offering money in the Kazakh interbank deposit market (the rate at which the bank would like to place money in another bank for a deposit) for a period of three months, with a calculated base of actual/360 (a method, when the annual interest rate is divided by 360 to get the daily interest rate and then multiplied by the days in the month).Calculation of KazPrime is made by KASE daily up to 12 hours of Almaty time at quotations, which are submitted to the trade system of KASE by the participants of the agreement on the formation of the indicator. The minimum volume of the quotation is 150 million tenge ($450,450). Azerbaijan’s Finance Ministry to sell manat bonds Business Fri, 25 May 2018 12:38:00 +0400 By  TrendThe Baku Stock Exchange (BSE) will hold an auction on May 29 to place 15 million manats worth short-term manat bonds of the Ministry of Finance of Azerbaijan, the BSE said May 24.Some 150,000 bonds at a par value of 100 manats each will be put up for auction. The payment term for the bonds is May 25, 2021.Investment company PASHA Capital will be the underwriter of the emission.(1.7 AZN = 1 USD on May 24) SOCAR to sign 2 memos with foreign companies at Caspian Oil & Gas Exhibition Business Fri, 25 May 2018 12:13:00 +0400 By  TrendAzerbaijani state oil company SOCAR will sign two memorandums with foreign companies at the Caspian Oil & Gas conference in Baku, said Aynur Nazarli, the conference manager, at a press conference dedicated to the 25th International Caspian Oil & Gas Exhibition and Conference."On the first day of the conference, after a plenary session, two memorandums between SOCAR and foreign companies are expected to be signed. More detailed information will be provided during the conference," Nazarli said.The 25th International Caspian Oil & Gas Exhibition and Conference and the 8th Caspian International Power and Alternative Energy Exhibition, Caspian Power 2018, will be held from May 29 to June 1 in Baku.This year 312 companies from 38 countries will take part in Caspian Oil & Gas Exhibition. The national groups will be presented by Italy, Belarus and Russia. This year's exhibition has expanded thanks to the addition of new companies, which accounted for 20 percent of the total number of participants. Most of them are foreign participants, showing high interest in the oil and gas market of Azerbaijan. Forty percent of the exhibition area will be occupied by well-known companies that are permanent participants of the exhibition.Traditionally, for many years, state oil company SOCAR has been acting as the general sponsor of the Caspian Oil & Gas Exhibition, BP and Equinor companies – as gold sponsors, TPAO – as silver sponsor, and Azeri M-I Drilling Fluids, AZFEN, Baku Steel Company, Bos Shelf, SOCAR Polymer, CDC, CMS, Global Energy Azerbaijan, Tekfen Construction, and Russian export center are listed among the bronze sponsors.B2B meetings will be held for the first time within the exhibition this year, where local and foreign companies will take part.About 500 delegates, including top managers of companies, representatives of industry ministries, international and Azerbaijani experts will take part in the conference dedicated to the exhibition. About 50 speakers will make presentations. The program includes the speeches of the Minister of Energy of Azerbaijan Parviz Shahbazov, the Secretary General of OPEC Mohammed Barkindo, Secretary General of the Gas Exporting Countries Forum (GECF) Yury Sentyurin, the President of SOCAR Rovnag Abdullayev, BP's Regional President Gary Jones, and the European Commissioner for Budget and Human Resources Gunther Oettinger. Nazarbayev: Azerbaijan achieved great success in strengthening foundations of statehood Politics Fri, 25 May 2018 11:51:00 +0400 By  TrendKazakh President Nursultan Nazarbayev has sent a congratulatory letter to Azerbaijani President Ilham Aliyev.“On behalf of the people of Kazakhstan and on my own behalf, I congratulate you and the fraternal people of Azerbaijan on the occasion of your national holiday, the Republic Day,” the Kazakh president said in his letter.“Azerbaijan has achieved great success in strengthening the foundations of its statehood, improving the welfare of the people, increasing the country’s authority in the international community. I wish further dynamic development for your country and achievement of the goals set under your leadership. I am confident that the strategic cooperation between Kazakhstan and Azerbaijan, based on tradition friendship and mutual understanding, will continue to develop for the sake of well-being of the peoples of the two countries.”In his letter, Nazarbayev wished good health and inexhaustible energy to Ilham Aliyev, and peace and prosperity to the Azerbaijani people.