INTERVIEW: “The weekend’s protests were the Russian people's, not the opposition’s” – Maxim Reznik
Western Balkans citizens legally resident in EU equal to 14% of region’s population
International Ice Hockey Federation (IIHF) has stripped Belarus of the right to hold the World Championship this year
Alexei Navalny arrested on arrival as he returns home
Russian industry falls by 2.9% y/y in 2020.
ING: Russian corporates are back to foreign debt redemption in 2020
Russia's NorNickel adopts blockchain for supply chain management
Ukraine’s industrial output jumped 4.8% y/y in December
State-owned Ukrgasbank signs off on convertible €30mn IFC loan ahead of its privatisation
National Bank of Ukraine retains a key policy rate at 6%, the outlook of the CPI deteriorates
Estonia's two big parties agree on grand coalition
VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
LONG READ: The oligarch problem
OUTLOOK 2021 Lithuania
Czech billionaire Kellner´s PPF makes another bid for Moneta Money Bank
Czech MPs pass protectionist food law in violation of EU rules
M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
Polish industrial production continues boom in December
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
FDI inflows to CEE down 58% in 1H20 but rebound expected
BALKAN BLOG: Only better waste management can clean rivers of trash
Pandemic pushes public debt close to 80% of GDP in Albania and Montenegro
BALKAN BLOG: Superstition and resentment surround vaccination plans
Albania needs reforms for e-commerce to thrive, says World Bank
Bosnia's exports in 2020 amounted to BAM10.5bn, trade deficit to BAM6.3bn
Bulgaria’s latest nuclear u-turn
Retailers and restaurant owners threaten protests in Bulgaria if reopening is delayed
Bulgaria's Biodit first company to IPO on new BEAM market
Spring lockdown caused spike in online transactions in Croatia
ING: Growth in the Balkans: from zero to hero again?
Labour demand down 28% y/y in Croatia in 2020
Kosovo’s biggest opposition party risks being unable to run in general election
OUTLOOK 2021 Moldova
Storming parliaments: New Europe's greatest hits
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
Montenegro’s special prosecution probes finance minister over €750mn Eurobond issue
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
Romania government to pursue “ambitious” timetable for justice reforms
Private finance mobilised by development banks up 9% to $175bn in 2019
OUTLOOK 2021 Romania
Slovenian crypto payment system enters Thai market
Slovenia’s economic sentiment indicator up 2.2 pp m/m in January
Slovenia lost €10bn by neglecting wood industry for decades
OUTLOOK 2021 Slovenia
D’S Damat franchise deals ‘show Turkey’s hard-pressed mall operators becoming their own tenants’
Turkey’s benchmark rate held as concerns over faltering recovery come to fore
Turkish lira breaches HSBC’s stop-loss, Turkey ETF signalling outflows
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
OUTLOOK 2021 Azerbaijan
OUTLOOK 2021 Georgia
Iran’s President Khamenei menaces private citizen Trump
Iran’s technology minister indicted for failing to properly implement internet censorship
No US move to rejoin Iran nuclear deal imminent, say Biden national security nominees
TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
Central Asia vaccination plans underwhelm, but governments look unruffled
Fears of authoritarianism as Kyrgyz populist wins landslide and backing for ‘Khanstitution’
COMMENT: Mongolia is an island of democracy
OUTLOOK 2021 Mongolia
Mongolia's PM quits amid protests over treatment of mother with coronavirus and newborn baby
Mongolia's winter dzud set to be one of most extreme on record says Red Cross
Tajikistan: Writing for the president is on the wall (and then scrubbed off)
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
Download the pdf version
Armenian Prime Minister Nikol Pashinian on January 11 cautioned that the Nagorno-Karabakh conflict with Azerbaijan “is still not settled” following a meeting hosted by Russian President Vladimir Putin in Moscow attended by Pashinian and Azerbaijani leader Ilham Aliyev.
However, Pashinian, who added that key issues needed solving immediately, nevertheless agreed to a step forward in resolving relations—following the talks, Putin, Aliyev and Pashinian issued a joint statement on the Kremlin website announcing the creation of a trilateral working group to oversee the "unblocking of all economic and transport links" in the parts of the South Caucasus region applicable to Azerbaijan, Armenia and the Nagorno-Karabakh enclave.
The meeting was the first encounter between the leaders of Armenia and Azerbaijani since in early November the Armenians, seemingly on the point of losing the entirety of Nagorno-Karabakh to Aliyev’s better equipped armed forces following six weeks of bloody warfare, agreed to sign a ceasefire deal brokered by Putin and backed by Baku, which retrieved sizeable territories in and around the enclave as a result of the agreement. Pashinian and Aliyev did not shake hands before the meeting, which lasted for four hours.
Aliyev specifies "the past"
Aliyev called Putin's invitation for the trilateral meeting "very useful and productive," saying afterwards that the Nagorno-Karabakh conflict "remained in the past".
The trilateral working group will be jointly chaired by deputy prime ministers from the three countries and will hold its first meeting before January 30, the joint statement said.
Putin at the start of the meeting thanked the two leaders for their cooperation with Russia's mediation efforts aimed at "stopping the bloodshed, stabilising the situation, and achieving a sustainable ceasefire". He added that the truce had been successfully implemented, laying the foundation for a fair settlement of the decades-long conflict. Around 2,000 Russian peacekeepers are deployed in and around Nagorno-Karabakh, with one mission the protecting of a land link connecting Nagorno-Karabakh with Armenia.
Details of the agreement that remain unclear include the final political status of Nagorno-Karabakh, the exact delineation of the border separating the two sides along the still militarised frontline and economic issues.
Pashinian—who is under considerable pressure back home to appear tough in dealings with Azerbaijan as he faces persistent calls to resign over his handling of the conflict—also said a solution was needed to the "most sensitive and painful question" of prisoners of war. Some PoWs were exchanged in December. It remains unclear how many more remain to be exchanged.
Azerbaijan has said that the ceasefire agreement provides for a Russian-guarded land corridor across Armenian territory that would connect it to Azerbaijani exclave Nakhchivan, which borders Turkey, an ally that proved a bellicose backer of Azerbaijan in the conflict and provided the armed drones that many analysts say swung the war decisively in Azerbaijan’s favour. However, Armenia has said that the deal, while referring generally to the need to unblock economic and transportation infrastructure, does not mention anything so specific.
Thomas de Waal, an expert on the Caucasus region, told RFE/RL in December that it would be “incredibly difficult” for the Armenians to facilitate the creation of such a corridor through its territory.
Nagorno-Karabakh is internationally recognised as part of Azerbaijan, but the ethnic Armenians who make up most of the region's population reject Azerbaijani rule and run a self-proclaimed republic.
Dmitry Trenin, a political analyst for the Moscow Carnegie Center, said the talks would allow the Kremlin to reaffirm its influence in the region. "[The] peacekeeping function is Moscow's advantage in its competitive relationship with Ankara," Trenin tweeted on January 10.
here to continue reading this article
and 5 more for free or purchase
12 months full website access including
the bne Magazine for just $250/year.
Register to read the bne monthly magazine for
Password could contain only
and have 8-20 symbols length.
Please complete your registration by confirming your
A confirmation email has been sent to the email
address you provided.
can't be empty.
No user with
this email address.
Access recovery request has expired, or you are using
the wrong recovery token. Please, try again.
Access recover request has expired.
Please, try again.
To continue viewing our content you need to complete
the registration process.
Please look for an email that was sent to
with the subject line
"Confirmation bne IntelliNews access". This email will have
instructions on how to complete registration
process. Please check in your "Junk" folder in
case this communication was misdirected in your
If you have any questions please contact us at firstname.lastname@example.org
Sorry, but you have used all your free articles fro
this month for bne IntelliNews. Subscribe
to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free
digital weekly newspaper to subscribers to
the online package.
Click here for more subscription options,
including to the print version of our
flagship monthly magazine:
Take a trial to our premium daily news
service aimed at professional investors that
covers the 30 countries of emerging
For any other enquiries about our
products or corporate discounts please
contact us at
If you no longer wish to receive
Magazine annual print
Website & Archive
Combined package: web
access & magazine print
Take a trial to our premium daily news service
aimed at professional investors that
covers the 30 countries of emerging Europe: