This year's council marks its 10th anniversary and is hosted by Azerbaijani President Ilham Aliyev in the capital Baku.

Kazakhstan's First President Nursultan Nazarbayev will be given the title of honorary president due to his efforts and contributions in uniting the Turkic world.

"The new period will be different. It will be a period when deeper relations in several areas and closer cooperation will be established," stated the council's Secretary-General Baghdad Amreyev.

The Turkic Council Business Forum with the participation of the ministers responsible for the economy of the member countries will also be held today organized by the Foreign Economic Relations Board (DEİK) within the scope of the summit with the main theme "Enhancing small and medium-sized enterprises."

Hungarian Prime Minister Viktor Orban will attend as an observer member and Turkmenistan's Prime Minister Pürli Agamuradov, who is not a member but still attends, will also be present during the summit.

The Cooperation Council of Turkic Speaking States (Turkic Council) was established in 2009 as an intergovernmental organization, with the overarching aim of promoting comprehensive cooperation among Turkic Speaking States. Its four founding member states are Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey.

The Turkic Council is committed to the purpose and principles of the Charter of the United Nations (UN) and other universally recognized principles and norms of international law, including sovereign equality, territorial integrity and inviolability of internationally recognized borders of states, as well as the maintenance of international peace, security and development of good-neighbourly and friendly relations.

Turkic Council is an organization dedicated to strengthening peace and stability, promoting wide-ranging cooperation and disclosing the potential for common development among its member states.