The Secretary General of the Council of Europe, Alain Berset, has welcomed the announcements of Armenia and Azerbaijan on the finalisation of negotiations on the draft Agreement on Peace and Establishment of Interstate Relations.

The United States of America has welcomed the completion of negotiations between Armenia and Azerbaijan on a historic peace treaty, according to a statement on the US State Department’s website.

Armenia's Foreign ministry said on Thursday that a draft peace agreement with Azerbaijan had been finalised from its side and that it was ready to discuss a date and location to sign a final deal. Armenia and Azerbaijan have fought a series of wars since the late 1980s,

The European Union says conclusion of Azerbaijan and Armenia talks and agreement on the text of a possible treaty, "a decisive step."

Armenia and Azerbaijan have fought a series of wars since the late 1980s, when Nagorno-Karabakh, a region in Azerbaijan that had a mostly Armenian population at the time, broke away from Baku with Yerevan's support.

Armenia and Azerbaijan have finalized the text of a peace agreement, marking a breakthrough in efforts to end nearly four decades of hostilities over Nagorno-Karabakh. Both countries confirmed on Thursday that