Business news from Ukraine

Business news from Ukraine

Ukrainian energy company seeks to join Karabakh’s reconstruction

Today Azerbaijan presents an example of a balanced approach to the restoration and reintegration of returned territories.

The realization of the free economic zone “Karabakh” has been launched in completely destroyed Karabakh. The new enterprises that will actively appear in this region are aimed at producing products that will ensure energy independence and full functioning of the region.

This experience becomes certainly useful for Ukraine, which is already preparing for the reconstruction of the destroyed territories after their return.

“Our company is considering the possibility of creating a Ukrainian-Polish-Azerbaijani consortium for the production of inverters, exciters of process control systems and recorders. This consortium will be based on the developments of Ukrainian and Polish engineers and is aimed at meeting the demand not only in the eastern region, but also in the world. The equipment manufactured according to the developments of the specialists of “TWERD Energo-Plus Sp. z o.o.”, a member of the consortium “ENERGO-Plus”, successfully works in the projects realized by our Baku partners in the Baku Metro, providing a reliable ventilation control system. This becomes strategically important in the context of the current situation in Ukraine, where reliable ventilation of the subway is of great importance due to the presence of a large number of people during air alarms”, – said the director of ENERGO-PLUS Eugene Korff.

The Ukrainian enterprise seeks to adopt the experience of reintegration of de-occupied territories and together with Azerbaijan contribute to the development of sustainable economic and social systems.

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Experts analyzed the situation in the Caucasus after end of Karabakh conflict

After Azerbaijan established control over the former Nagorno-Karabakh, the Transcaucasus region entered a new era, where the political and economic prospects of the countries of the region became a subject of discussion in the international arena. In light of this, experts from various countries are analyzing the current situation and trying to predict the future of relations between the countries in the region. A new video published on the YouTube channel “Experts club” was devoted to this very topic, in which Azerbaijani military analyst, leading expert of the analytical center “STEM” Agil Rustamzadeh and the founder of the Kiev analytical center “Experts club”, candidate of economic sciences Maxim Urakin shared their opinion on the situation.

Military-political aspect

The experts emphasize the importance of the reached mutual understanding on the Karabakh issue.

“The resolution of the conflict has created a basis for the resumption of diplomatic dialog and economic cooperation between the countries of the Transcaucasus. Azerbaijan’s confrontation with Armenia is conditioned not only by the Karabakh conflict, the point is that those people who created this geopolitical paradigm were engaged in shaping the worldview of the Armenian population. A part of the Armenian population still believes that they once had a state that included the territories of Azerbaijan, Turkey and Georgia. With the emergence of Western institutions and the change of Armenians’ views, they begin to realize that enmity with such a geopolitical player as Turkey is a dead-end way of the country’s development. It is a way to nowhere, especially when these countries have no territorial claims to you, but you have territorial claims to your neighbors,” Rustamzadeh stressed.

The expert also notes that the signing of a possible peace treaty will give Armenia an impetus to move to a new level of development, will allow it to become not an object but a subject of international politics.

“I meet such an opinion both in Azerbaijan and Turkish colleagues. It is that under certain changes Turkey and Azerbaijan can become the guarantor of Armenia’s territorial integrity. Therefore, I believe that with the pragmatism shown by the Armenian people, the government and the political elite of Armenia, Armenia has chances to become a pro-Western democratic country,” Rustamzadeh said.

In his opinion, in order to ensure long-term stability, it is necessary to analyze all aspects of the conflict and its consequences for regional security.

Economic aspect

Maxim Urakin emphasized the economic sphere of relations between the countries of the region.

“Economy and politics are closely linked, and trade relations between the countries of the Transcaucasus play an important role in shaping the political landscape of the region,” Urakin noted.

The expert also drew attention to how export destinations affect the countries’ political preferences.

“Most of Azerbaijan and Iran’s exports are directed to Europe and Asia, while Turkey’s exports are much more diversified,” the economist emphasized.

Urakin also analyzed each country’s exports and their trade relations in detail, emphasizing the interconnectedness of economic and political factors in the region.

Development Prospects

Rustamzadeh and Urakin agree that further sustainable development of the region requires further work to resolve the remaining conflict situations and increase economic cooperation between the countries.

“Restoring trust and strengthening economic ties between the countries of the Transcaucasus will contribute to the creation of a favorable climate for investment and growth of the regional economy,” Rustamzadeh concluded.

You can learn more about the prospects of development of the Transcaucasus after the end of the Karabakh conflict from the video on the Experts club channel at the link:

Subscribe to the channel here:

https://www.youtube.com/@ExpertsClub

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