By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

After the military takeover of Nagorno-Karabakh by Azerbaijan in September 2023 and the forced displacement of the Armenians who lived there, there were hopes in Armenia and abroad that an Armenia-Azerbaijan peace agreement was within reach. These hopes were based on the assumption that Azerbaijan had achieved its primary objective for the past 30 years: the full absorption of Nagorno-Karabakh into Azerbaijan without any Armenian claims over the region.
Since September 2023, Azerbaijan has controlled all of Nagorno-Karabakh, with only a handful of Armenians remaining there. The Armenian government has accepted this reality and has no intention of challenging it. Meanwhile, Azerbaijan has faced no repercussions from the US, the EU, or Russia for imposing a blockade on Nagorno-Karabakh in December 2022, ignoring the orders of the International Court of Justice, launching a military attack in September 2023, or forcing all Armenians to leave the region. It seemed that the time for peace had thus arrived – a peace that would formalize Azerbaijani control over Nagorno-Karabakh, settle relations with Armenia, and open the way for the normalization of relations between Armenia and Turkey. READ MORE

• EGF Editor  |  Published on EGF: 05.03.2024  |  Security
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The delegation of Uzbekistan took part at the High-level Segment of the 55th session of the United Nations Human Rights Council

The delegation of Uzbekistan led by the First Deputy Speaker of the Legislative Chamber of the Oliy Majlis, Director of the National Centre for Human Rights (NCHR) Akmal Saidov took part at the High-level Segment of the 55th session of the United Nations Human Rights Council.
According to the NCHR, during the speech of the delegation of Uzbekistan, it was noted that our country is consistently implementing its policy in the field of human rights, an example of which, in particular, is the updated Constitution of the country adopted during a national referendum in 2023. READ MORE

• EGF Editor  |  Published on EGF: 01.03.2024  |  External Relations
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One of the key principles of Uzbekistan's economic growth is the widespread and parallel regional development, based on a deep analysis of the socio-economic situation of the country’s regions, including the study of resource base, production, transport-logistics potential, and demand for various high-value-added products.

According to the Ministry of Investment, Industry and Trade, based on the analysis results, regional investment programs (RIP) are formed annually and approved by the Government Commission, implemented with the coordination and support of the Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan. Considering the identification of new opportunities, the list of projects expands throughout the year. READ MORE

• EGF Editor  |  Published on EGF: 27.02.2024  |  Markets
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Ministry of Investment, Industry and Trade: In 2023, enterprises located in industrial zones manufactured products totaling 53.4 trillion soums and exported $972 million.

In 2024, 841 projects are planned to be launched in industrial zones in Uzbekistan.
In recent years, the country has been implementing a number of consistent, irreversible reforms aimed at creating an open, competitive economy, investment and industrial development, expanding foreign trade relations, and creating an attractive business environment for domestic and foreign investors. READ MORE

• EGF Editor  |  Published on EGF: 24.02.2024  |  Markets
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By Vasif HUSEYNOV, PhD, Head of Department, AIR Center, Adjunct Lecturer, ADA and Khazar Universities, Baku

Over the past two years, since the beginning of the Russia-Ukraine conflict, Azerbaijan’s foreign and security policies have drawn varying interpretations from experts and political observers. The delicate balancing act pursued by Baku between competing global powers while safeguarding the country’s national interests and restoring its territorial integrity has appeared as an intriguing case for the studies of international relations. Amidst the evolving dynamics of regional geopolitics, Azerbaijan’s recent engagements with Western counterparts underscore its unwavering commitment to maintaining robust relations with the West. Despite the complexities of navigating relations with neighbouring powers, Azerbaijan remains steadfast in its pursuit of multilateral or, as better known in the Azerbaijani discourse, balanced approach in foreign policy.
Many experts are still debating how the Azerbaijani government succeeded to dismantle the separatist regime in Karabakh without provoking a clash with Russia, widely known to be the major protector of this regime. In November 2023, during an international conference in a European city attended by the author of this article, Armenian experts critiqued the collaboration between Azerbaijan and the Western powers (i.e., the EU and United States) in September 2023 to dismantle to the separatist regime, aiming to diminish Russia's influence in the South Caucasus. Interestingly, some of these experts now suggest that Baku has aligned with Moscow to penalize Armenia’s pro-Western government. This situation underscores the complexity of Azerbaijan's foreign policy, often susceptible to misinterpretation. READ MORE

• EGF Editor  |  Published on EGF: 24.02.2024  |  External Relations
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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

Ever since the end of the 2020 Nagorno-Karabakh war, every meeting between Armenian and Azerbaijani leaders has been portrayed as raising significant expectations of some breakthrough. In 2021, all looked to Russia, where Prime Minister Pashinyan and President Aliyev met twice in January and November. Starting from 2022, the geography of hope for a breakthrough moved to Brussels, where Pashinyan and Aliyev met in April, May, and August. Even the large-scale Azerbaijani incursion into Armenia in September 2022, less than two weeks after the August 31 trilateral summit in Brussels, did not appear to diminish the hopes that every meeting may bring Armenia and Azerbaijan closer to peace. In late September 2022, experts and policy officials started to speak about possibly signing a peace deal by the end of 2022. Even the absence of a peace agreement and the start of the blockade of Nagorno-Karabakh by Azerbaijan in December 2022 did not shake the belief in some magic after each Armenia – Azerbaijan negotiation encounter. In the first half of 2023, the center of gravity of expectations shifted towards Washington DC as Armenian and Azerbaijani foreign ministers held two rounds of negotiations in May and June. Even the disregard by Azerbaijan towards the measures of International Court of Justice on the blockade, the establishment of block post on the Lachin corridor in April, and the complete cut of Nagorno–Karabakh from the world in June 2023 somehow did not significantly decrease the hopes that Armenia–Azerbaijan negotiations would bring results soon. READ MORE

• EGF Editor  |  Published on EGF: 24.02.2024  |  External Relations
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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

Since 2020, the South Caucasus has entered an active era of turbulence. The primary reason was the Azerbaijani decision to use military force to “solve the Nagorno-Karabakh conflict.” Azerbaijan started the 2020 Nagorno-Karabakh war, launched incursions into Armenia proper in May, November 2021, and September 2022, and imposed a blockade on Nagorno-Karabakh in December 2022. The culmination of this strategy was the September 2023 military attack against Nagorno-Karabakh, which resulted in the forced displacement of around 105,000 Armenians and the dissolution of the self-proclaimed Nagorno Karabakh Republic.
Even after the complete takeover of Nagorno-Karabakh, Azerbaijan continues its policy of threats and pressure towards Armenia with an ever-changing shopping list of demands. Baku supports the concept of so-called “Western Azerbaijan” at the highest level. It expects an extraterritorial corridor from Armenia. It states that it will not pull away its troops from occupied Armenian territories, rejects Armenia’s offer to sign a non-aggression pact and continues to demand changes in the Armenian constitution and other laws. READ MORE

• EGF Editor  |  Published on EGF: 17.02.2024  |  External Relations
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Obid Khakimov, director of the Center for Economic Research and Reforms under the Administration of the Republic of Uzbekistan

The dynamic growth of the population of Uzbekistan requires at least high outstripping economic growth rates in order to adequately meet the growing needs and improve the standard of living of people. But this requires new, more balanced and verified approaches to ensure timely achievement of the set goals.
And these new approaches to economic policy were clearly manifested in the decisions taken at the important meetings held at the beginning of the year under the chairmanship of the President of Uzbekistan Shavkat Mirziyoyev on the situation in the economy and the tasks assigned to the economic divisions for 2024. READ MORE

• EGF Editor  |  Published on EGF: 16.02.2024  |  Markets
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Qodir Djuraev, MP, Legislative Chamber of Oliy Majlis (national parliament) of the Republic of Uzbekistan

One of the most crucial issues in the rapidly changing world is undoubtedly corruption. The human history suggests that this phenomenon brought even the most powerful nations to the brink of collapse.
Corruption is a perilous misfortune with negative impact on the entire human race, on foundation of any state and society, economic development; it undermines rule of law and sharply weakens public confidence in government, hinders advancement of democratic institutions.
Unfortunately, this problem has not been alien Uzbekistan. Until very recently, the latter had been known as one of those countries with highest perceptions of corruption. READ MORE

• EGF Editor  |  Published on EGF: 09.02.2024  |  Security
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By Marat Terterov, PhD, Founder, and former Executive Director of the EGF

The folly of predicting Russia’s future
When undertaking the task of seeking to forecast a ‘likely scenario’ for tomorrow’s Russia, one has to start with a caveat – predicting Russia’s future and what fate awaits the country in light of its continued military excursion in Ukraine is like trying to find a needle in a haystack. In other words, it is almost impossible to predict future political developments in Russia with any real certainty. This includes any efforts to predict whether Russia will continue to remain the arch belligerent in Ukraine, or whether it will be prepared to make concessions, or to forecast what impact either (or other) of these developments in the current conflict in Ukraine will have on the Russian regime of Vladimir Putin. READ MORE

• EGF Editor  |  Published on EGF: 06.02.2024  |  Security
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