Executive Summary: Azerbaijan has been developing its space industry in the past couple of years to boost its international reputation and elevate the country as a regional hub for science and technology. Expansion of the Azerbaijani space industry has led to partnerships with Israel, Türkiye,... MORE

Executive Summary: The European Mission in Armenia (EUMA) marked its first anniversary in Armenia on February 20 with its presence facing several challenges from Baku and Moscow. The European Union and Armenia regard EUMA as a crucial confidence-building measure to increase international support for shifting... MORE

Executive Summary: Following the recent presidential elections, Azerbaijan turned its focus to the Organization of Turkic States (OTS) and its role in connecting the Turkic world, indicating that Baku does not intend to align with the West or Russia. The expansion of defense cooperation within... MORE

Executive Summary: Moscow seeks to boost its struggling economy through increased development of the International North-South Transport Corridor (INSTC) as a real competitor to the Suez Canal and the Bosphorus Strait. Moscow wants the INSTC to open pathways to new markets that circumvent Western monitoring... MORE

Executive Summary:  Armenia has announced it is suspending cooperation with the Moscow-dominated Collective Security Treaty Organization (CSTO), a signal that Yerevan may soon reduce or even end other forms of cooperation with Russia. The almost universal assumption that Armenia, because of its geographic location and... MORE

Executive Summary: Serbian President Alexander Vučić confirmed a new $300 million defense contract with Azerbaijan on February 6, following years of strategic agreements between the two countries. The new defense contract will give Azerbaijan a foothold in the Balkans, providing Baku with a path to... MORE

Executive Summary:  Azerbaijani President Ilham Aliyev called for snap presidential elections to be held on February 7, citing the need for fresh elections following the restoration of the country’s territorial integrity over Karabakh. Aliyev faced little competition as he is perceived as widely popular after... MORE

Executive Summary: Iran and Russia have steadily strengthened their bilateral cooperation over the past couple of years, primarily based on the destruction of common adversaries, a shared ideological alignment, and expanded military collaboration. Tehran and Moscow have intensified their arms trade and technical assistance on... MORE

Executive Summary: Frustrations in Baku, Yerevan, and Moscow are growing over delays in Armenian-Azerbaijani peace negotiations, as key differences remain on unblocking regional transit corridors. Azerbaijan remains committed to opening the Zangezur Corridor, while the Kremlin calls for Russian border guards to oversee administration of... MORE

Executive Summary: Armenian Prime Minister Nikol Pashinyan has proposed a new constitution to address matters of external security and territorial integrity, which continue to hold up peace negotiations between Baku and Yerevan. Azerbaijan and Armenia have expressed the necessity of unambiguously recognizing one another’s sovereignty... MORE