State-run Georgian Railway plans to use the proceeds from the issuance to refinance its existing 7.75 percent senior unsecured $500 million notes.

It was clear during the six-week onslaught by Baku last year that Moscow was no longer unilaterally calling the shots. And it demonstrated how NATO member Ankara’s 25-year effort to help Azerbaijan build its army from the ground up effectively was successful.

The quantity of oil shipped through Georgia to Turkey declined to 11.125 million tonnes from January to May this year.

Mine contamination in the Karabakh region significantly affects the reconstruction process as well as killing civilians and servicemen. Azerbaijan has already started demining operations in the liberated areas using modern mine clearance techniques and technologies.