Will there be large privatization in Azerbaijan?
On August 6, Ilham Aliyev sharply criticized state-owned companies in a video conference[1] on measures taken to combat the coronavirus pandemic in our country and the socio-economic situation. He stated in his speech that "state-owned companies seem to be working on a socialist economic model. This is unbearable. Therefore, very serious steps must be taken in this direction. I instruct you that the work of state-owned companies should be serious...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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