Azerbaijan announces a cessation of fighting in Karabakh after meeting its conditions. It defines the terms of the agreement

Azerbaijan announces a cessation of fighting in Karabakh after meeting its conditions. It defines the terms of the agreement

The Azerbaijani Ministry of Defense announced the cessation of combat measures taken to combat terrorism in the Karabakh region after meeting Baku's conditions for the withdrawal of Armenian forces, the surrender of weapons, and the dissolution of illegal Armenian armed groups.

The Azerbaijani Ministry of Defense announced the cessation of military operations launched to combat terrorism in the Karabakh region, according to the official Azerbaijan News Agency.

The Ministry said that after considering the request submitted by representatives of the Armenian residents of Karabakh and discussing it with the Russian peacekeeping unit, an agreement was reached to stop the measures taken by Azerbaijan to combat terrorism at one o’clock in the afternoon on September 20, 2023, according to the same source.

The agreement stipulates that the Armenian armed forces and illegal groups stationed in the Nagorno-Karabakh region will give up their weapons, withdraw from their military sites to complete the process of complete disarmament from those sites, the departure of the Armenian armed forces formations from the Azerbaijani region of Nagorno-Karabakh and the dissolution of the illegal Armenian (armed) groups.

It also stipulates the delivery of all ammunition and heavy military equipment in conjunction with the first procedure, and ensuring the implementation of the aforementioned operation in coordination with the Russian peacekeeping unit.

Study : The threat of a severe recession looms over the German economy

Specialized experts warned in a study published on Wednesday that the German economy, the largest economy in Europe, would slide into recession amid the escalation of the energy crisis and the delay in the recovery that was expected.

A study whose results were published on Wednesday showed that the risk of a high recession increases significantly in Germany. The risk of an economic recession increased between September and November to approximately 74%, according to the study prepared by the Institute of Economics and Economic Research (IMK), affiliated with trade unions.

According to the study, the recession index is still red, which indicates the risk of a severe recession.

“The German economy still lacks growth drivers, and headwinds continue to come from almost all directions,” said Peter Hohlfeld, an economist at the institute.

He explained, "The fact that the risk of recession has not diminished indicates that the recovery that was expected has been delayed and may not begin until the end of the year."

Hohlved added that production in energy-intensive industries is suffering due to the continuing rise in energy prices. The situation in the construction industry is likely to worsen after the European Central Bank raises interest rates and increases financing costs for real estate developers.”

He pointed out that "the German export industry is also witnessing a slowdown in external demand, especially from China and the United States."

He said: “Under these circumstances, a stagnation is currently expected at best for the industry’s production as a whole.”

According to the expectations of the German Central Bank, the economic crisis in Germany will continue, as a monthly report issued by the bank indicated that “economic output is likely to contract slightly in the third quarter of 2023.”
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