The foundations of Azerbaijan’s pragmatic foreign policy were laid by late President Heydar Aliyev in the early 1990s and, today, this has become Azerbaijan’s brand, i.e., the so-called “multi-vector” or “balanced” foreign policy strategy.

The funds will be used for projects in water resources management, irrigation, agriculture, urban development, energy, social welfare and health.

On Sunday, Azerbaijan’s Foreign Ministry acknowledged that Armenia had produced long-demanded maps of minefields in at least one key part of formerly Armenian-occupied regions.

Europe and Central Asia's economy is forecast to expand 3.9 percent in 2021, stronger than previously forecast, the World Bank said.

Basisbank is ranked the fourth by total assets among 15 Georgian banks with 2.007 billion lari ($627 million) assets.