Azerbaijan–Armenia Normalization: Foreign Minister Jeyhun Bayramov said Baku has largely met its obligations to reopen transport and communication links, with the TRIPP project expected to move from preparation to construction on Armenia’s side. Middle Corridor & Connectivity: Azerbaijan’s presidential aide said that if the “Zangezur Corridor” opens, travel from Istanbul to Baku by car or train could become feasible, citing ongoing infrastructure works. Energy & Investment: SOCAR strengthened its position in the Caspian by buying Itochu’s participating interest in the Azeri-Chirag-Gunashli (ACG) project, while also pointing to new opportunities after first non-associated gas production this year. Finance & Banking: Moody’s said Basel III reforms are boosting resilience in Azerbaijan’s banking sector, with capital buffers and risk-based supervision expected to reach full compliance by 2027. Aviation & Trade Links: Air India and Azerbaijan Airlines launched a codeshare partnership, adding Baku as a destination for Air India customers via daily flights. Diplomacy & Economic Ties: Switzerland’s OSCE chair Ignazio Cassis began an official visit, highlighting clean-energy cooperation potential and trade/innovation links; Bayramov said Swiss investment in Azerbaijan totals $1.6bn and bilateral trade neared $1.8bn in 2025. Business Environment: Azerbaijan banks are tightening card-to-card transaction limits, while a separate report noted the central bank kept the key rate at 6.5%.