Day: October 18, 2023

Wings of Tatev cableway has again been nominated for the World Travel Leading Cable Car Ride 2023 by the 2023 World Travel Awards.

Follow the steps below to vote for the Wings of Tatev

• Visit the official award website
• Register (by email)
• Confirm the received email
• Click on the Vote Now button
• Choose the World section
• Select line 60: World’s Leading Cable Car Ride 2023
• Vote for Wings of Tatev, Armenia

The deadline for the voting is 17 November.

Wings of Tatev is managed by Impulse Business Management Company. Wings of Tatev is implemented as part of the Tatev Revival program launched by Ruben Vardanyan and Veronika Zonabend.

Wings of Tatev was recognized as the winner of the 28th World Travel Awards in the World’s Leading Cable Car Ride 2021 category.

Wings of Tatev, the longest (5752 m )reversible aerial cable car in the world, celebrated the 16th anniversary on October 16.

World Travel Awards was established in 1993 to acknowledge, reward, and celebrate excellence across all key sectors of the travel, tourism, and hospitality industries.

In Azerbaijan, the Islamic Corporation for the Development of the Private Sector (ICD) aims to implement its strategic direction and business plan for developing the private sector, Eng. Hani Salem Sonbol, Chief Executive Officer of the International Islamic Trade Finance Corporation and Acting Chief Executive Officer of ICD (members of the Islamic Development Bank (IsDB) Group) said in an interview, according to Azerbaijan in Focus, reporting Trend.

He noted that the business plan will be implemented through

• approving financing lines for banks and non-banking financial institutions to support private projects and small and medium-sized companies.

• Direct financing for private sector companies, especially industrial companies that direct their production for export, in addition to financing energy and infrastructure projects.

• Finally, by supporting the development of Islamic capital markets.

“The Islamic Corporation for the Development of the Private Sector is a multilateral development financial institution and is the private sector arm of the Islamic Development Bank (IsDB) Group. ICD is mandated to support the economic development of the member countries through the provision of Shariah-compliant finance for private sector projects and encouraging cross-border investments. As part of our strategic direction and business plan, we envision to:

The post ICD intends to carry out its business plan in Azerbaijan appeared first on Azerbaijan In Focus.

Reopening transportation links in the South Caucasus stands as a fundamental aspect of the Armenian-Azerbaijani reconciliation, Maria Zakharova, Spokesperson for the Ministry of Foreign Affairs of Russia, said in an interview, according to Azerbaijan in Focus, reporting Trend.

“Unblocking transport communications in the South Caucasus is a key element of the Armenian-Azerbaijani normalization, built on the basis of a set of trilateral agreements at the highest level for 2020-2022. The Tripartite Working Group (TWG), co-chaired by vice-premiers from Russia, Azerbaijan, and Armenia, has been entrusted with addressing this matter. As of now, 12 TWG meetings have been convened, with the latest occurring on June 2, during which a comprehensive examination of potential railway and road routes took place,” she said, while commenting upon the benefits the Zangezur corridor is set to provide for the region.

Zakharova pointed out that substantial progress has been achieved after the 12th TWG meeting, with consensus reached on the operational details for reopening transportation links between Azerbaijan and Armenia.

“This agreement encompasses the steps required to reestablish and manage railway connections along the Yeraskh-Julfa-Meghri-Horadiz route. In our work, we proceed from the need to comply with the principles of reciprocity, respect for the sovereignty and jurisdiction of both countries,” the spokesperson explained.

She emphasized that the success in unblocking transportation routes will not only propel other trilateral initiatives, but also contribute to the development of a peace treaty between Azerbaijan and Armenia, the delineation of the Armenian-Azerbaijani border, and the initiation of dialogues between social activists and parliamentarians.

Proposed by the Azerbaijani side, the Zangezur corridor aims to establish a transportation link between Azerbaijan’s mainland and its exclave, Nakhchivan, passing through Armenian territory. This corridor emerged as part of the trilateral statement signed by Azerbaijani, Armenian, and Russian leaders following the 2020 second Karabakh war.

One point of the agreement outlined Armenia’s commitment to ensuring the security of transport connections to Nakhchivan, facilitating the unrestricted movement of people, vehicles, and goods in both directions.

This route has great potential and could become one of the continuations of the “One Belt – One Road” project, as well as part of the North-South corridor.

The post Maria Zakharova on Zangezur corridor: Reopening transport crucial for Azerbaijan-Armenia normalization appeared first on Azerbaijan In Focus.

First Vice-President of Azerbaijan Mehriban Aliyeva has shared a post on her official Instagram page on the occasion of the Day of Restoration of Independence, according to Azerbaijan in Focus, reporting AzerTac.

The post reads as follows: “18 October, Day of Restoration of Independence.”

The post First Vice-President Mehriban Aliyeva shared Instagram post on Day of Restoration of Independence appeared first on Azerbaijan In Focus.