ADB approves $2 mln for private capital mobilization projec in Azerbaijan and Asia

The Asian Development Bank (ADB) has approved technical assistance worth 2 million USD to support the implementation of the ‘Private Capital Mobilization Indicator Preparation and Implementation’ project. Azerbaijan, as one of the developing countries, is participating in this project.

As reported by Azernews, citing the bank, the project will be financed through the Special Technical Assistance Fund. It aims to develop a comprehensive methodology for Private Capital Mobilization (PCE) and apply it to various projects in ADB’s member countries. This initiative covers a broad region, including not only Azerbaijan but also Central Asia, South and Southeast Asia, East Asia, and the Pacific Islands.

The technical assistance will also strengthen ADB’s analytical base in private capital mobilization projects, contribute to knowledge dissemination, and enhance potential across the bank’s operational departments and member countries. Special attention will be given to enhancing the bank’s ability to systematically measure and stimulate private sector involvement in development projects.

The expected impact of the project aligns with ADB’s long-term objectives for private sector development. These goals include expanding private sector participation in the development of Asia and the Pacific and creating sustainable mechanisms to mobilize private capital and foster private sector growth.

As a result of this technical assistance, ADB anticipates the strengthening of its institutional capacity to support private sector development through more efficient operations and enhanced mechanisms to increase potential in this area.

ASELSAN, Excalibur International sign strategic defense partnership in Europe

Trkiye’s leading defense company ASELSAN has signed a strategic cooperation agreement with Excalibur International, a Czech defense firm that is part of the CSG Group, to establish a Europe-based joint venture and introduce the KORKUT Air Defense System integrated onto the Tatra Force 6×6 wheeled platform.

According to a statement from CSG, the partnership aims to expand joint defense capabilities for both European and global markets.

The agreement represents a significant step toward strengthening defense cooperation not only in Central and Eastern Europe but also worldwide. The newly established joint venture will focus on technical collaboration in key areas such as air defense, electronic warfare, smart munitions and border security. As part of localization efforts, production is planned to be transferred to CSG facilities in the Czech Republic and Slovakia.

One of the first tangible outcomes of the partnership will be the integration of the KORKUT Air Defense System onto the Tatra Force 6×6 wheeled platform. Designed for both European customers and the global market, the system is positioned as a fully capable alternative to comparable European-made air defense solutions.

Amid modern battlefield developments that underscore the growing importance of highly mobile and effective defenses against unmanned aerial vehicles, the KORKUT system-integrated onto the proven Tatra platform-is expected to quickly attract customer interest and secure a strong position in international markets.

Commenting on the agreement, Excalibur International CEO Milos Sivara said the KORKUT system offers a modern and highly effective air defense solution, particularly against hostile drones. ‘The system uses high-precision programmable ammunition, which in practice means that the cost of neutralizing a single UAV is comparable to the cost of the UAV itself. This level of cost-effectiveness cannot be achieved with traditional missile-based air defense systems,’ Sivara said.

ASELSAN CEO Ahmet Akyol said the partnership with Excalibur International and the CSG Group strengthens ASELSAN’s industrial presence in Europe and globally, while enabling the company to deliver combat-proven air defense solutions tailored to the needs of European and allied armed forces. ‘The integration of the KORKUT system onto the Tatra platform combines advanced sensor and fire-control technologies with a highly mobile and reliable vehicle, creating a flexible solution for today’s dynamic battlefield environment,’ Akyol said.

Baku Military Court hands down life sentences to Armenian citizens in war crimes trial

The ongoing trial of Armenian citizens accused of committing crimes against peace and humanity as a result of Armenia’s military aggression against Azerbaijan continues at the Baku Military Court, with verdicts being announced for the defendants.

Azernews reports, the court has sentenced David Babayan, Davit Ishkhanyan, and David Manukyan to life imprisonment. Prosecutors representing the state had also requested life sentences for the accused.

The defendants are charged with committing a wide range of serious offenses, including the preparation and conduct of an aggressive war, genocide, violations of the laws and customs of war, terrorism and financing of terrorism, violent seizure and retention of power, and other crimes. The trial proceedings are ongoing as the court continues delivering verdicts.

Azerbaijan, Sri Lanka discuss expanding ties in energy, tourism and education [PHOTOS]

At the invitation of the Government of the Democratic Socialist Republic of Sri Lanka, Azerbaijan’s non-resident ambassador to the country, Elchin Huseynli, paid a visit to the capital Colombo on February 4 to attend events marking Sri Lanka’s national holiday-Independence Day, Azernews reports, citing the Embassy of the Republic of Azerbaijan in India.

The visit included participation in a military parade and an official reception held in Colombo.

During the visit, Ambassador Huseynli held meetings with Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, as well as Deputy Minister of Foreign Affairs Arun Hemachandra, Foreign Secretary Aruni Ranaraja, and other senior officials.

The meetings highlighted a strong mutual interest in expanding bilateral cooperation between Azerbaijan and Sri Lanka in political, economic and trade relations, as well as in the fields of energy, tourism, air connectivity and education.

The importance of enhancing cooperation and exchanges in multilateral formats was also emphasized, particularly during Azerbaijan’s chairmanship of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) and in the context of the 13th Session of the United Nations World Urban Forum (WUF13), scheduled to be held in Baku on May 17-22, 2026.

Sri Lankan officials expressed deep gratitude to the leadership and people of Azerbaijan for providing humanitarian assistance following the country’s recent natural disaster, as well as for offering opportunities for Sri Lankan citizens to participate in Azerbaijan’s state education grant programs.

Footage of Zayed Award for Human Fraternity ceremony posted on President Ilham Aliyev’s social media accounts [VIDEO]

Footage from the Zayed Award for Human Fraternity ceremony in Abu Dhabi was posted on President Ilham Aliyev’s social media accounts, Azernews reports.

The post reads:

Presentation of the Zayed Award for Human Fraternity to President Ilham Aliyev in Abu Dhabi (04.02.2026)

Ankara advances massive reconstruction effort in Kahramanmarash

Three years after the devastating earthquakes centered in Kahramanmaras on February 6, Trkiye has made significant progress in one of the largest reconstruction efforts in its history, covering 11 provinces. Hundreds of thousands of homes, workplaces and public facilities have been completed as part of the rebuilding process.

According to official data, public spending on reconstruction exceeded 3.6 trillion Turkish lira at 2025 prices, equivalent to nearly $90 billion. The first housing projects were launched just 15 days after the disaster, underscoring the speed of the response. Across the 11 affected provinces, a total of 455,000 independent units have been completed and delivered. Nearly 200,000 people were employed in the reconstruction effort, with housing built at an average pace of 23 units per hour, or roughly 550 per day. The first village houses were handed over to their owners within 45 days.

Economic recovery programs were also introduced to revive industry and employment. Financial support amounting to 23 billion lira was provided to organized industrial zones and industrial estates in earthquake-hit provinces. A total of 936 workplaces were completed in Kahramanmaras, Gaziantep and Malatya, while more than 1,800 new workplaces are planned for construction in 2026.

In the labor market, support mechanisms such as short-time work allowances and cash wage assistance provided nearly 40 billion lira in aid. The number of insured employees, which stood at 1.889 million before the earthquake, rose to 2.004 million by August 2025.

Major investments were made in education infrastructure, with 72 billion lira allocated for the construction of 13,321 classrooms and 6.9 billion lira spent on strengthening 2,776 classrooms. Universities received 5.1 billion lira for reconstruction, reinforcement and campus infrastructure, while an additional 2.4 billion lira was earmarked under the 2026 investment program.

In the healthcare sector, investments totaling 40.8 billion lira led to the completion of 109 healthcare facilities with a combined capacity of 5,123 beds. Public hospital bed capacity increased by 16 percent to 27,503. In addition, 12 emergency hospitals with a total capacity of 2,096 beds were rapidly brought into service.

Regarding transportation infrastructure, authorities announced that 98 percent of the 9,176-kilometer road network remained undamaged. Repair and reinforcement works are ongoing on damaged sections under a program worth 98 billion lira.

In agriculture and livestock farming, breeders who lost animals during the earthquakes received free livestock and beehives financed by a 909 million lira budget. In 2025 alone, total agricultural support payments across the 11 provinces reached 17.4 billion lira.

In the fields of youth, sports and cultural heritage, funding of 2.066 billion lira was allocated for 338 facilities. Inspections were carried out on 5,119 registered cultural assets, revealing that hundreds of structures had collapsed or suffered severe damage. Separate allocations of 1.5 billion lira were planned for both 2025 and 2026 for restoration and reconstruction works.

In Hatay province, the February 6, 2023 earthquakes measuring 7.7 and 7.6 claimed 24,147 lives and caused the collapse of more than 90,000 buildings. In the third year since the disaster, aerial images captured by drones were used to compare the scale of destruction with current reconstruction progress. New buildings have risen in Antakya’s Cumhuriyet Square, Rstem Tmer Pasha Street and Atatrk Street, as well as along the Asi River.

Historic landmarks, including the former parliament building and Habib-i Neccar Mosque-Anatolia’s first mosque-have been restored in line with their original architecture and reopened for use. Kurtulus Street and the Antakya-Reyhanli highway at the Demirköpr junction have been reopened, while new residential areas have replaced the former 600 Evler housing complex. The Iskenderun coastal strip has also been renewed and strengthened with new social amenities.

Hatay Governor Mustafa Masatli stated that more than 194,000 independent units in the province have either been completed or are under construction, and that 13,500 social housing projects have been launched. Describing the city’s recovery, Masatli said Hatay has been ‘reborn from its ashes, like the phoenix.’

Azerbaijan reaffirms ‘One China’ policy and support for China on Taiwan issue

On February 4, 2026, Azerbaijan’s Foreign Minister, Jeyhun Bayramov, articulated the country’s position on the Taiwan issue during an interview with Global Times, Azernews reports.

Responding to a question about the enduring support between China and Azerbaijan in safeguarding core interests, sovereignty, security, and territorial integrity, Bayramov reiterated Azerbaijan’s firm stance.

‘Azerbaijan’s position on Taiwan is clear, consistent, and firmly grounded in international law,’ Bayramov stated. He emphasized that Azerbaijan does not recognize Taiwan’s independence and was one of the first nations to condemn the elections held in Taiwan in January 2024.

The Foreign Minister reaffirmed Azerbaijan’s strong commitment to the “One China” principle, asserting that any actions that destabilize the regional order are harmful and counterproductive. ‘Provocations, unilateral actions, or attempts to alter the status quo through external interference only heighten the risk of conflict and undermine international trust,’ Bayramov said.

Bayramov further highlighted that Azerbaijan’s support for China on the Taiwan issue aligns with the country’s broader foreign policy principles, including adherence to international law, respect for the sovereign equality of states, and the mutual trust that underpins the comprehensive strategic partnership between Azerbaijan and China.

The Foreign Minister’s comments underscore Azerbaijan’s commitment to regional stability and its ongoing strategic partnership with China, which continues to play a significant role in shaping the two nations’ diplomatic relations.

Thailand to impose temporary alcohol ban

Thailand will impose a temporary nationwide ban on alcohol sales in connection with the upcoming early parliamentary elections, Azernews reports.

The ban will take effect on Saturday, February 7, from 18:00 local time (15:00 Baku time) and will last throughout the day. “According to Thai law, the sale and distribution of all types of alcoholic beverages is strictly prohibited nationwide during the election period. This applies to minimarkets, supermarkets, restaurants, entertainment venues, nightclubs, and any events involving the sale or distribution of alcohol,” authorities said.

Thai police warned that violators “will be subject to legal penalties, including imprisonment for up to six months, a fine of up to 10,000 baht ($314), or both.” They urged both citizens and tourists to cooperate, stating: “We ask everyone to show understanding so that the elections can be conducted smoothly, transparently, and fairly.”

The Election Commission of Thailand has scheduled early elections for the House of Representatives (lower house) of the National Assembly) on February 8, 2026. This followed approval by King Maha Vajiralongkorn (Rama X) of Prime Minister Anutin Chanvirakul’s request to dissolve the lower house in order to “return power to the people.” The move comes after a period of minority government led by the Phumchaithai Party (‘Pride of Thailand’), which struggled to act independently due to political pressure from the People’s Party coalition.

In addition to parliamentary elections, Thailand will also hold a referendum on drafting a new constitution, marking a significant moment in the country’s political landscape.

Election-day alcohol bans are common in Thailand and other Southeast Asian nations, intended to maintain public order and reduce election-day disturbances. Analysts note that such measures can also influence voter turnout, as many Thais traditionally socialize in bars and restaurants. The combination of early elections and a constitutional referendum makes February 8 one of the most politically significant days in Thailand in recent years, with both domestic and international observers closely monitoring the process.

Seven more defendants sentenced in trial of Armenian citizens at Baku Military Court

The Baku Military Court has handed down sentences to seven more defendants in the ongoing trial of Armenian citizens, Azernews reports.

According to the verdict, Melikset Pashayan was sentenced to 19 years in prison, Garik Martirosyan to 18 years, Davit Allahverdiyyan and Levon Balayan to 16 years each, while Vasily Beglaryan, Gurgen Stepanyan, and Erik Ghazaryan were each sentenced to 15 years in prison.

The court noted that the verdicts were delivered as part of proceedings against citizens of the Republic of Armenia accused of crimes committed as a result of Armenia’s military aggression. The charges include crimes against peace and humanity, war crimes, preparation and conduct of a war of aggression, genocide, violations of the laws and regulations of war, terrorism, financing terrorism, forcible seizure and retention of power, and other serious offenses.

Azerbaijan, UAE foreign ministers meet in Abu Dhabi to discuss strategic partnership

On February 4, 2026, Azerbaijan’s Minister of Foreign Affairs Jeyhun Bayramov held talks in Abu Dhabi with the United Arab Emirates’ Minister of Foreign Affairs, Sheikh Abdullah bin Zayed Al Nahyan, Azernews reports, citing a statement released by Azerbaijan’s Ministry of Foreign Affairs.

The meeting focused on the political, economic, trade, energy and humanitarian dimensions of the Azerbaijan-UAE comprehensive strategic partnership, as well as cooperation within regional and international organizations and the current security situation in the region.

The two sides emphasized that reciprocal visits by the presidents of Azerbaijan and the UAE, along with the agreements reached and documents signed during those visits, have played a decisive role in elevating bilateral relations to the level of a comprehensive strategic partnership.

The ministers reviewed the implementation of agreements reached during the first meeting of the Cooperation Committee on the Comprehensive Strategic Partnership held in November last year and welcomed the ongoing preparations for the committee’s second meeting, which is scheduled to take place in Baku later this year.

Both parties underlined the importance of continuing mutual support within regional and international organizations.

During the talks, Foreign Minister Bayramov also briefed his counterpart on the peace agenda following the August 8 Washington summit.

The positive momentum in Azerbaijan-UAE relations was highly praised at the meeting. The sides also discussed possible steps to further facilitate travel for citizens of both countries.

The ministers additionally exchanged views on other issues of mutual interest.