President of Ukraine Victor Yushchenko officially said about passing of the chairmanship in Democratic and Economic Development Organization – GUAM from Ukraine to Azerbaijan.

According to the press - service of the President, the Head of Ukrainian State said it today in Baku during his speech on the plenary session of Summit of the heads of GUAM state members “GUAM: uniting continents”.

At the same time, during the session President of Republic of Azerbaijan Ilham Aliyev said about fruitful cooperation of GUAM state members and the presence of “serious political will” to develop relations in future.

He noted about important role of GUAM on Eurasian continent and considerable possibilities, which Organization has in economic sphere. “Objectives and intentions, which unite our countries – are common”, said I. Aliyev; he also added that the matter is in European and Euro Atlantic aspirations of GUAM countries.