Economy

Azerbaijan includes Astara checkpoint on lists

Azerbaijan includes Astara checkpoint on lists

The South Astara checkpoint on the state border of Azerbaijan and Iran was included in the list of such points by decision of the Azerbaijani government. Now cargo transportation between the two countries will be carried out through it and the border crossing will be operational.

Upper Lars open for all types of transport

Upper Lars open for all types of transport

Representatives of the Georgian road services cleared the Georgian Military Road of snow. Traffic along the international highway has been allowed for all types of transport. It will significantly relieve congestion at the Upper Lars border checkpoint.

Kobakhidze: Azerbaijan and Georgia linked by friendship and cooperation

Kobakhidze: Azerbaijan and Georgia linked by friendship and cooperation

During negotiations with the President of Azerbaijan, the Prime Minister of Georgia stated that relations between the two countries were based on mutually beneficial cooperation and friendly ties. He also expressed confidence that bilateral relations would strengthen and expand in the future.

Oman to invest $31bn to boost tourism

Oman to invest $31bn to boost tourism

Oman has announced plans to spend $31 billion in the tourism sector by 2040 as the sultanate looks to attract more foreign visitors. Undersecretary for Tourism at Oman’s Ministry of Heritage and Tourism, Azzan Qassim Al-Busaidi …

Georgia's National Bank reduces refinancing rate once again

Georgia's National Bank reduces refinancing rate once again

The National Bank of Georgia said it was continuing its exit from a tight monetary policy by reducing the refinancing rate by 0.75 percentage points, down to 8.25%. The Bank said both domestic and external factors had contributed to …

Georgia urges to resume oil flows via Baku-Supsa pipeline

Georgia urges to resume oil flows via Baku-Supsa pipeline

Georgia hopes that oil transportation through the Baku-Supsa pipeline will resume in 2024, Georgian Economy Minister Levan Davitashvili said. The pumping of oil through the Baku-Supsa pipeline was stopped in March 2022. …