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Harutyunian Sworn In As President Of Disputed Nagorno-Karabakh Region

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Harutyunian Sworn In As President Of Disputed Nagorno-Karabakh Region

Arayik (Ara) Harutyunian has been sworn in as de facto president of Nagorno-Karabakh, the unrecognized breakaway Azerbaijani region.

The inauguration ceremony held on May 21 in the city of Shushi was attended by an Armenian delegation led by Prime Minister Nikol Pashinian.

Harutyunian, the former prime minister of the disputed region, won a runoff election on April 14.

Nagorno-Karabakh was seized by Armenian-backed separatists who declared independence amid a 1988-1994 conflict that killed at least 30,000 people and displaced hundreds of thousands.

Since a fragile, Russian-brokered truce in 1994, the region has been under the control of ethnic Armenian forces that Azerbaijan says include troops supplied by Armenia. The region's claim to independence has not been recognized by any country.

Since then, periodic skirmishes have taken place in the region.

Russia, the United States, and France are the co-chairs of the Minsk Group of the Organization for Security and Cooperation in Europe (OSCE), which acts as a mediator in resolving the crisis. The group has been struggling for years to mediate a solution.

With reporting by Armenpress and Public Radio of Armenia

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Azerbaijani ‘Barda’ ferry ship repaired and put into operation

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By Trend

The repair of the Barda ferry ship, which belongs to the transport flotilla of Azerbaijan Caspian Shipping (ASCO) at the Zykh Ship Repair and Construction Yard, has been completed, Trend reports citing ASCO.

The body was welded, pipe-laying and electrical work, boiler and waterproof doors were repaired.

Moreover, the mechanical and electrical parts of deck cranes and locomotives have been adjusted.

The surface of the ferry and the carriage deck were cleaned and painted twice. The upholstery of sofas and armchairs were also repaired and replaced. After successfully completing sea trials, the ferry was put into operation.

The length of the Barda ferry is 154.5 meters, the width is 17 meters, and the maximum speed is 13.9 knots. The ferry has a capacity of 54 wagons.

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Azerbaijan reveals data on loans issued to farmers over 11M2020

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By Trend

Around 5,623 farmers and entrepreneurs received loans and incentives for agriculture from the Agrarian Credit and Development Agency of Azerbaijan from January through November 2020, the Ministry of Agriculture told Trend.

Over 65 million manat ($38.2 million) has been allocated to AKIA agricultural producers.

Of these funds, more than 32 million manat ($18.8 million) were issued as microcredits and loans for other purposes, 33.4 million manat ($19.6 million) as loans to finance agricultural machinery and livestock on favorable terms.

Of the loans issued, 20.6 million manat ($12.1 million) fell on microcredits. More than 2,200 farmers received microcredits.

At the expense of funds of the Agrarian Credit and Development Agency for agricultural lending and development under the Ministry of Agriculture, farmers are issued microcredits at 12 percent, cash loans, loans for agricultural and other purposes at 7 percent.

The state pays 60 percent of the cost of breeding livestock purchased by agricultural producers and 40 percent of the cost of equipment.

During the reporting period, the agency gave farmers more than 75.7 million manat in subsidies for the purchase of equipment and breeding livestock.

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Iran hopes for economic revival of Azerbaijan’s Nagorno-Karabakh – Vice President Jahangiri

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Iran is ready to participate in the restoration of Azerbaijan's Nagorno-Karabakh region and the surrounding areas, Iran's First Vice President Eshaq Jahangiri said, Trend reports citing official website of the First VP.

He made the remark at the 19th meeting of the Prime Ministers of the Shanghai Cooperation Organization member countries.

The vice president stressed that in this regard, Iran can use its economic potential, especially in the area of energy and transit.

“Iran considers the security and stability of the region and neighboring countries as its security and stability, and welcomes the restoration of peace with relation to Nagorno-Karabakh,” he noted.

Jahangiri added that Iran expresses hope that the end of military confrontation in region will be beginning of economic revival.

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