By Marat Terterov, PhD, Founder, and former Executive Director of the EGF

Small countries often find themselves having to make difficult choices when it comes to navigating optimal pathways for their national development. Their relations with larger powers, as well as competing relations between larger powers with an interest in specific regions where small countries are located, will invariably impact on their development. One of the regions of the world where the impact of larger powers on the development of smaller countries is highly evident is the South Caucasus, a region of the former-Soviet Union predominantly associated with the countries of Armenia, Azerbaijan and Georgia. These three relatively small yet important countries in a region of strategic importance have come a long way since they became independent nation states following the collapse of the Soviet Union at the end of 1991. READ MORE

By Yeghia TASHJIAN, Beirut-based regional analyst and researcher, columnist, "The Armenian Weekly”

With the future of key connectivity projects at stake, India must step up as a reliable mediator as the war in the Middle East escalates.
On 7 October 2023, Hamas launched the “al Aqsa Storm” operation against Israel, triggering a series of retaliatory military actions from both sides. Iran-backed groups such as Hezbollah in Lebanon and militias in Yemen also became involved, further escalating the conflict. With rising regional tensions and direct involvement from both Israel and Iran, instability across the Middle East has intensified. This conflict will also impact the future of economic corridors in the region in which India invests. In this context, the future of two important corridors—the International North–South Transport Corridor (INSTC) and the India-Middle East-Europe Corridor (IMEC)— is at stake. India initiated both corridors, emerging as a rising power in Eurasia. READ MORE

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

On October 15, Chairman of Azerbaijan Railways Rovshan Rustamov arrived in Tehran to meet his Iranian counterpart Jabbar Ali Zakeri Sardroudi to discuss the construction of a railway line linking Azerbaijan’s East Zangezur region and its Nakhchivan exclave through Iran. The meeting came amid intensive diplomatic negotiations between Azerbaijan and Iran regarding the Aras Corridor transit route linking Azerbaijan to Nakhchivan and further to Türkiye via Iran after a period of silence and diplomatic rifts between the two neighbors. The Aras Corridor project, strategically significant for both Baku and Tehran, emerged following Azerbaijan’s persistent efforts after the 2020 Karabakh War to establish regional communication lines, particularly a land route, through Armenia’s Syunik province to Nakhchivan and Türkiye, known as the Zangezur Corridor. The ongoing confrontation between Azerbaijan and Armenia over the land route through Syunik province has been a major point of contention, delaying the signing of a final peace treaty between Baku and Yerevan. READ MORE

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

As the US presidential elections approached, pundits and politicians worldwide sought to predict the outcome and explore scenarios for US foreign policy under Kamala Harris or Donald Trump. This was unsurprising: Despite the end of the unipolar world order and significant shifts in the global balance of power, the United States remains the superpower capable of global influence. The South Caucasus was no exception, as pundits debated the potential implications of the election results for the region. The uncertainty ended on November 5, as Donald Trump secured his return to the White House in January 2025. What might the South Caucasus expect from Trump’s second presidency? READ MORE

By Tabib Huseynov, independent policy analyst and researcher

In October 2024, the presidents of Armenia and Azerbaijan simultaneously approved a Protocol regulating the joint work of their respective border delimitation commissions. Originally signed in August, this Protocol sets the legal and procedural framework for the subsequent border delimitation process between the two South Caucasus neighbours, who have been locked in a territorial dispute for over three decades. The protocol’s enactment in both countries became possible after Armenia’s Constitutional Court issued a landmark Decision No. 1749 on 26 September 2024, confirming that the border delimitation agreement complied with Armenia’s Constitution. As border delimitation is a key issue in the post-war normalization process between Armenia and Azerbaijan, this favourable decision was widely anticipated. However, the Court’s Decision is remarkable not for its outcome, but rather its legal rationale, which traps Armenia in a legal and political Catch-22. READ MORE

By Vasif HUSEYNOV, PhD, Head of Department, AIR Center, Adjunct Lecturer, ADA and Khazar Universities, Baku

On October 3, Ashgabat, Turkmenistan hosted a high-level event in collaboration with the European Union, the Central Asian countries located along the Trans-Caspian Transport Corridor (also known as the Middle Corridor), the South Caucasus states, and Türkiye, as well as the major international financial institutions. The event resulted in the establishment of a Coordination Platform for the Middle Corridor. According to the European Union, the Coordination Platform will focus on promoting the transit corridor and implementing priority infrastructure projects while coordinating investments in the South Caucasus and Türkiye. The European Union announced plans to launch a regional transport program in 2025 to support infrastructure development and provide technical assistance for improving standards, digitalization, and interoperability across the region. The Middle Corridor is an essential route that will allow Central Asia to better access Europe without having to go through sanctioned Russia, but it still faces numerous economic, logistical, and political roadblocks in its development. READ MORE

Export is a key driver of the economy, enabling the development of production, the creation of new jobs, and the growth of GDP. For this reason, every state seeks to support enterprises aiming to expand their exports to international markets. This article explores the comprehensive measures of direct support for exporters in Uzbekistan.
Export support in Uzbekistan is carried out systematically, strictly adhering to the goal set in the Uzbekistan 2030 Strategy — increasing the share of the private sector in exports to 60%.
Here are some indicative figures: from 2017 to 2023, Uzbekistan’s total exports reached $120 billion. In 2023 alone, export volumes amounted to $24 billion, marking a 64% increase compared to 2017.
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