US strengthens ties with Azerbaijan and Armenia - Aiming for transit corridor "Trump Road to International Peace and Prosperity"
US Vice President JD Vance signed a strategic partnership with Azerbaijani President Ilham Aliyev in Baku during a historic visit to the South Caucasus, as Washington consolidates its engagement with Armenia and Azerbaijan following their historic peace deal after decades of conflict.
The strategic partnership focuses on economic, security, energy and technology cooperation in what Aliyev called "an absolutely new phase" between Azerbaijan and the US, while Vance said it is time to "create prosperity where there was once only fighting and conflict."
Vance announced plans to send new patrol ships to Azerbaijan to help protect its territorial waters. He also highlighted expanded cooperation on critical minerals as a key area through the Middle Corridor transit systems.
But the main goal of the cooperation is connectivity through transport and logistics by developing the main transit corridor called the Trump Administration for International Peace and Prosperity (TRIPP), which was agreed upon by Armenia and Azerbaijan in their US-brokered peace deal last August, integrating the two countries into a new east-west trade route to strengthen broader Eurasian trade routes.
TRIPP is a road and rail transport corridor designed to connect Azerbaijan and its autonomous enclave of Nakhchivan, separated from the mainland by Armenian territory, while integrating the region into a broader east-west trade route linking Central Asia and the Caspian basin with Europe.
TRIPP will enable the development of land, sea, and air transportation infrastructure, trade facilitation, customs procedures, and multimodal logistics systems to ensure regional stability through expanded economic cooperation between Azerbaijan and Armenia with the US.
The partnership includes joint developments of artificial intelligence and digital infrastructure projects.
Zero loans for business start-ups in 2025/ Businesses rely on overdraft, 42% of loans go for liquidity
In 2025, lending to businesses in Albania has increased significantly, reaching 296.2 billion lek, from 268.9 billion lek a year earlier. However, the......
AI steals investors, $20 billion bond sale - Alphabet funds spending on artificial intelligence
Google parent Alphabet said on Monday it had sold $20 billion in bonds in a seven-tranche offering, tapping the debt market to finance its growing spending on......
"Urgently reduce energy prices" - Austrian Chancellor's appeal to the European Commission
"EU leaders must urgently focus on reducing energy prices that are weakening industry," Austria's chancellor said ahead of an informal summit in......
Trump administration "strikes" scientific discovery - Greenhouse Gas Protection Act to be partially repealed
The US Environmental Protection Agency, known as the EPA, announced that the Trump administration has decided to overturn a scientific discovery made during......
European Parliament supports digital euro - Compatible with Council for online and offline use
The European Parliament has given its first major endorsement to the digital euro, aligning with the European Council's negotiating position for a central......
German auto industry in crisis as investment and jobs move abroad
Germany's position as an automotive industrial hub risks weakening as investment and jobs move abroad, an industry association has warned, calling on Berlin......
About 57% of prisoners are not yet guilty/ Statistics on prison population, Albanians spend years waiting for a trial
In Albania, prison no longer functions solely as a place to serve a sentence handed down by the court. Official data and Scan Intel's findings on the......
Is the state encouraging wage increases in the private sector? - Gjokutaj: It requires more than fiscal incentives
The increase in salaries in the public administration has brought back into focus the debate on the level of salaries in the private sector and the ways in......
