Fitch raises Georgia’s outlook
Fitch Ratings has revised the Outlook on Georgia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'BB'.
business in Caucasus
Georgia to host largest women entrepreneurs' exhibition
An exhibition featuring women entrepreneurs will take place in Georgia in less than a month, with about 200 participants expected.
Shusha hosts Economic Cooperation Organization business forum
Azerbaijan's Shusha is hosting a business forum of the Economic Cooperation Organization (ECO).
Fitch retains Georgia’s BB rating with Negative Outlook
Fitch noted that in comparison with its peers, Georgia has a high level of economic development
Azerbaijan increases energy exports to Iran
Since the beginning of the year, Iran has purchased 5.8 million kilowatt-hours of electricity from Azerbaijan. In total, Azerbaijan exported almost 300 million in the first two months.
Azerbaijan-China trade turnover increased by 1.5 times
Azerbaijani customs statistics show a significant increase in trade with China
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 …
Berry plantations worth 140 million rubles to be established in Stavropol Territory
New raspberry and blackberry plantations will be established in Stavropol Territory soon as part of a project by the local company "Dary Predgorya".
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, Russian businessmen to create new organization
On the Georgian side, the initiative has aroused keen interest in nearly 60 companies
Azerbaijan's foreign exchange reserves exceed external debt by 14 times
In 2024, Azerbaijan strengthened and developed its economy, the republic achieved significant macroeconomic figures, Azerbaijani President Ilham Aliyev said in his address on the occasion of New Year. According to …
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 …
Kobakhidze: freedom of business in Georgia to be ensured regardless of political views
Georgian Prime Minister Irakli Kobakhidze said freedom of business would be “fully ensured in our country, regardless of political views”, in comments about a joint statement from a group of domestic companies that have called for a …
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 …
Belarusian entrepreneurs to exchange projects with Ossetian colleagues
In the first quarter of 2025, a business mission involving Belarusian entrepreneurs will be held in North Ossetia. The goal is to present projects and needs of entrepreneurs of the two countries.
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 …
Georgia names conditions for Russian companies to operate in country
Russian entrepreneurs can do business in Georgia, the ruling party of the republic reported. The only condition is that they should not be on the sanctions list.
Restaurant projects being implemented at Mineralnye Vody Airport
Applications from restaurant companies are currently being collected for further tender participation
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.
Ministry of Finance proposes Kizlyar Brandy Factory to grow grapes
Deputy Minister of Finance Alexey Sazanov has put forward an initiative to transform the Kizlyar Brandy Factory
