Day: July 9, 2024
A high-level delegation from the Brazil National Confederation of Industry led by Davi Bomtempo, Environment and Sustainability Superintendent, visited the Port of Baku, according to Azerbaijan in Focus, reporting AzerTac.
The delegation was welcomed by Taleh Ziyadov, Director-General of the Port of Baku.
Discussions focused on the Port’s greening projects for the Middle Corridor and its pivotal role in global connectivity. The CNI expressed their willingness to exchange knowledge and ideas on Green Port, Sustainability, ESG, and the Port of Baku’s experience in carbon emission inventory and green solutions for reducing carbon footprints.
It was agreed that leading private companies from Brazil, led by the CNI, will visit the Port of Baku in November 2024 during COP29 to explore potential business opportunities in light of the port’s second phase expansion plan. The CNI, the largest Brazilian business platform, fosters sustainable development and represents 27 state federations and over 200,000 enterprises.
Ambassador of Brazil to Azerbaijan Manuel A. Carlos Montenegro L. also attended the meeting.
The post Delegation of Brazil National Confederation of Industry visits Port of Baku appeared first on Azerbaijan In Focus.
Azerbaijani companies have been invited to open a representative office in Qingdao, a port city in eastern China, said Meng Weiwei, Director of the West Asian and African Affairs Department of the Qingdao Municipal Trade Bureau at the SCO Demonstration Zone-Logistics and Trade Promotion Conference in Azerbaijan held in Baku, according to Azerbaijan in Focus, reporting AzerTac.
Highlighting Azerbaijan’s significant transit opportunities and its role as a bridge between Europe and Asia, Meng Weiwei said: “We invite Azerbaijani logistics companies to open a representative office in Qingdao and collaborate in global logistics, personnel training and other realms. We also welcome young entrepreneurs from Azerbaijan wishing to start up their own business in Qingdao and offer them co-working (joint business concept – ed.) opportunities. We are ready to provide maximum support in the field of cultural events as well.”
The post China invites Azerbaijani companies to open offices in Qingdao appeared first on Azerbaijan In Focus.
Azerbaijan’s Minister of Foreign Affairs Jeyhun Bayramov departed Tuesday for the United States of America on a working visit, according to Azerbaijan in Focus, reporting AzerTac.
As part of the trip, the Azerbaijani top diplomat will attend the 2024 NATO Summit scheduled to take place in Washington, the capital city of USA.
Bayramov will also engage in a number of high-level bilateral meetings on the sidelines of the event.
The post Azerbaijani FM heads to USA for working visit appeared first on Azerbaijan In Focus.
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NPR News: 07-09-2024 11AM EDT
NPR News: 07-09-2024 11AM EDT
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A US Court has seized a California mansion belonging to the family of a former Armenian finance minister, ruling it was purchased with funds of criminal origin.
The mansion in Los Angeles belongs to Gurge and Artyom Khachatryan, the sons of former Minister of Finance Gagik Khachatryan.
On Monday, the Armenian General Prosecutor’s office announced that negotiations between Armenia and the US were underway on the return of the lion’s share of the proceeds from the house’s sale to Armenia.
In mid-June, Gurge and Artyom Khachatryan reached an agreement with the US Justice Department to forfeit the property to the US government in exchange for keeping 15% of the net proceeds from its sale.
‘The offices that brought the case intend to recommend transfer of some or all the forfeited proceeds to the Republic of Armenia,’ read the US Justice Department’s statement.
The Armenian General Prosecutor’s office hailed the outcome, stating it was thanks to ‘effective cooperation’ between them and the US authorities. The case was opened in the US in May 2022.
The US Justice Department described the house as a ‘30,000-square-foot mega-mansion’ in the Holmby Hills neighbourhood of LA. They said it was purchased in 2011 using bribes amounting to more than $20 million paid by an Armenian businessman to the family of Gagik Khachatryan in exchange for favourable tax treatment of his businesses.
The mansion was previously listed for sale in 2022, shortly before the court case was launched, for $63.5 million. However, it failed to sell even after several discounts.
Gagik Khachatryan, an influential former official, served as Chair of the State Revenue Committee from 2008 to 2014, then as Minister of Finance until 2016.
Khachatryan and 25 others, including his two sons, still face a corruption probe in Armenia. In total, 210 properties, 13 vehicles, shares of 29 legal entities, and more than ֏33 billion ($77 million) could be confiscated by the Armenian Anti-Corruption Court as a result.
Gurgen and Artyom Khachatryan are also being criminally prosecuted by the National Security Service, on charges including money laundering over $100 million.
Gagik Khachatryan is accused of abusing his official powers. Yerevan City Court is currently hearing cases against him on charges of committing particularly large-scale embezzlement, complicity in money laundering, and receiving particularly large-scale bribes.
The post US court seizes LA mansion of family of former Armenian finance minister appeared first on OC Media.
The liberation of Garabagh from Armenian occupation allowed not only the economic potential of Azerbaijan but also the advancement of science and education in the region. During the Soviet era, the fact that Garabagh was out of sight and out of mind and people had to travel hundreds of kilometers to receive qualifications in the capital city, Baku, dealt a serious blow to the educational dynamics of the country.
“Putin presented Indian leader Modi with the Order of St. Andrew the First-Called Apostle.”
👉 Disgusting! Sanction India 🇮🇳. pic.twitter.com/cChmi0918e
— Jason Jay Smart (@officejjsmart) July 9, 2024