Hazar World - Sayı: 13 - Aralık 2013

APRIL 2013
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April 5
RUSSIAN RADAR BASE IN GABALA IS CLOSED
After Russia began to remove its military and instruments
from Azerbaijan, the Russian radar base in Gabala which is an
important part of the Russian air defense system is closed. It is
stated that the reason of the closure of the base is Azerbaijan’s
demand for increasing the annual rent from $7 million to $300
million. With the agreement signed between the parties in
2000, the station was hired by Russia for 10 years. Gabala Radar
Station hosts about 1400 Russian soldiers and it is capable
of tracking the entire Middle East region as far as India. About
the closure of the base, Russian Deputy Minister of Defense
Anton Antonov said, “If we had any doubts that the closure
of the Gabala Radar Station would weaken Russian defense,
we would have reached a compromise with Azerbaijan on the
extension of the agreement.”
PULSE OF WORLD ECONOMY
WAS TAKEN IN BAKU
World Economic Forum was held in Baku on April 7-8.
The event was held as part of the “Strategic Dialogue for
the Future of the South Caucasus and Central Asia” with
the aim of making an overall assessment and creating a
discussion platform for developing new opportunities in the sectors
of industry, transport, infrastructure, natural resources,
finance, agriculture, mining, and telecommunications. The
World Economic Forum, which was held in Baku, offered a secure,
inclusive, collaborative, and multi-stakeholder platform to
regional and foreign investors in order to review the main challenges
and opportunities as well as the ways to shape the future
of the region.
During the event, Minister of Energy and Natural Resources
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