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CBA hold regular foreign currency auction

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The Central Bank of Azerbaijan (CBA) held a regular currency auction with the participation of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on Jan. 27, Trend reports referring to the CBA.

According to the CBA, the demand of local banks for foreign currency amounted to $84.2 million and was fully met.

The average weighted exchange rate of the manat to the US dollar amounted to 1.7 AZN/1 USD based on the results of the auction.

The CBA has begun to conduct foreign exchange auctions through a one-way sale of currency in a competitive environment since mid-January 2017.

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President of Kazakhstan to attend CSTO jubilee session

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President Kassym-Jomart Tokayev arrived in Moscow Sunday evening to attend a CSTO jubilee session, Kazinform has learned from the Akorda press service, Trend reports.

The session dated to 30 years of signing of the Collective Security Treaty and 20 years since the establishment of the Collective Security Treaty Organization (CSTO) is set to take place on 16 May in Moscow.

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Turkish FM meets with Finnish, Swedish counterparts

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Foreign Minister Mevlut Cavushoglu on May 14 held a tripartite meeting with his Swedish counterpart, Ann Linde, and his Finnish counterpart, Pekka Haavisto, in Berlin amid discussions that Turkey could block their NATO membership bid, Trend reports citing Hurriyet Daily News.

“I met with my Swedish and Finnish counterparts in Berlin on the fringes of the NATO Foreign Ministers Informal Meeting,” Cavushoglu said on Twitter.

Ahead of the meeting, the minister reiterated that the countries wanting to be NATO members must avoid supporting PKK and YPG and said he would discuss this issue with his Finnish and Swedish counterparts.

Cavushoglu emphasized that Sweden and Finland clearly support the PKK/YPG, saying, “This affects the feelings of our people negatively, despite all our warnings.”

“Therefore, a country that will be an ally should not support the PKK/YPG, the terrorist organization that attacks us every day, kills our soldiers, our police and our civilians,” he added.

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Georgian leadership to be invited to NATO Summit

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The Georgian leadership will be invited to the NATO Summit that will be held in Madrid at the end of June, Deputy Secretary General Mircea Geoana said in a doorstep statement earlier today, ahead of an informal meeting of NATO ministers of foreign affairs in Berlin, Trend reports citing Agenda.ge.

NATO will always respect the right of nations in Europe, and around the world, to choose their own path. This is not subject to anyone else’s veto. [It] is the discussion about that country and the organisation they want to join,” Geoană said.

Georgia is the enhanced opportunity partner for us. We've been working with them for years and years. And I also know that the leadership of Georgia will be invited at the NATO Summit," the alliance official added.

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