The South Caucasus has a strategic position between Asia and the Black Sea, but its stability – and prosperity – are blocked by the three powers vying for influence there: Russia, Turkey and Iran.
As the development of trade routes between the West and the East is in full swing, Iran and Turkey risk being overlooked due to their own policies, despite their strategic position between the two regions.
Azerbaijan's authoritarian leader, Ilham Aliyev, was re-elected president after winning the Nagorno-Karabakh war and can turn his country into an energy and trade hub halfway between Asia and Europe.
The dismantling of the Nagorno Karabakh republic was the most important change in the South Caucus since Turkey (re)emerged as a powerhouse there. More changes might follow.