business in Caucasus

Russia doubles its exports to Azerbaijan

Russia doubles its exports to Azerbaijan

The trade turnover between Azerbaijan and Russia stood at $997.941 mln in January-February 2025, the State Customs Committee of Azerbaijan reported. The trade turnover between the two countries equaled $591.254 mln in January-February …

Georgia increases taxes for construction companies

Georgia increases taxes for construction companies

Since February, representatives of small and medium-sized construction businesses in Georgia will pay increased taxes, with the rate rising from 1% to 20%. This measure will bring about 200 million lari to the country's budget.

Georgian PM and businesses discuss current developments

Georgian PM and businesses discuss current developments

Georgian Prime Minister Irakli Kobakhidze discussed ongoing developments in the country in a meeting involving more than 100 domestic business representatives. The parties also discussed the Government's vision regarding the ongoing …

Azerbaijan-Russia Business Council holds meeting in Baku

Azerbaijan-Russia Business Council holds meeting in Baku

The meeting of the Azerbaijan-Russia Business Council was held in Baku on December 2. In addition to officials, the event was attended by representatives of more than 90 members of the Council - institutions and organizations working in …

Karabakh revival: number of enterprises exceeds 5,000

Karabakh revival: number of enterprises exceeds 5,000

Nearly 5,100 business entities are operating in the Karabakh and Eastern Zangezur economic regions as of October 1, 2024, along with 93,386 individual entrepreneurs, Azerbaijan’s State Statistical Committee reported. The …

Ozon marketplace launched in Georgia

Ozon marketplace launched in Georgia

It has become possible to make online purchases on the Ozon marketplace in Georgia. Delivery of goods to Georgia will take about two weeks.

Georgia’s hotel number sees 10% growth in 2023

Georgia’s hotel number sees 10% growth in 2023

The hotel industry in Georgia experienced growth last year with 2,435 entities operating 2,488 hotels and hotel-type enterprises throughout the country in a 12.4% increase from 2022, according to the Georgian National Statistics Office. …

Ozon launches sales in Azerbaijan

Ozon launches sales in Azerbaijan

Ozon, a popular Russian online retailer, has started selling its products to residents of Azerbaijan, a source in the company said. …

Georgia may host record number of tourists this year

Georgia may host record number of tourists this year

Georgian Prime Minister Irakli Kobakhidze said tourism is one of the “most important areas” for the country's development. According to Kobakhidze, Georgia received revenues of $808 million from tourism in the first …