business in Caucasus

Georgian FM highlights “very high” economic growth

Georgian FM highlights “very high” economic growth

Georgian Finance Minister Lasha Khutsishvili highlighted the “very high” economic growth in Georgia over the past four years. According to the minister, Georgia had experienced “double-digit” growth between …

Russian-Azerbaijani forum to be held in Stavropol Territory

Russian-Azerbaijani forum to be held in Stavropol Territory

The Stavropol Territory will host a forum, which will bring together representatives of business circles from Azerbaijan and Russia. It is planned to hold meetings, presentations and round tables. A cultural program is also preparedfor the guests of the region.

State guarantees business support in Azerbaijan's liberated territories

State guarantees business support in Azerbaijan's liberated territories

As part of supporting the development of the liberated territories of Azerbaijan, a program for preferential lending to entrepreneurs has been launched. One can get a loan of up to five million manats for a period of up to seven years and an interest rate of up to 15% per annum.

MTS closes business in Armenia

MTS closes business in Armenia

MTS has announced the sale of its business in Armenia to Cyprus' Fedilco Group Limited, the telecom company said. This involves the sale of 100% of the shares in MTS Armenia, as well as the sale of the MobiDram payment system, a …

West cuts Georgian investment

West cuts Georgian investment

Since the beginning of the year, foreign investment in Georgia has decreased by 34%, and in Q3, it fell by over 61%.

KOBIA supports Azerbaijan's small and medium-sized businesses

KOBIA supports Azerbaijan's small and medium-sized businesses

The Small and Medium Business Development Agency (KOBIA) of the Azerbaijani Ministry of Economy supports small and medium-sized businesses exporting non-oil products in processing documents and obtaining the necessary certificates for the …

Ozon to deliver goods from Armenia to Russia

Ozon to deliver goods from Armenia to Russia

Ozon Marketplace has opened a representative office and sorting center in Yerevan, the company said in a press release. The sorting center in Yerevan will ensure orders are received, processed, assembled and packaged for delivery, as …

Wildberries plans to expand service network in Armenia

Wildberries plans to expand service network in Armenia

Armenian President Vahagn Khachaturyan received executive director of Wildberries Tatiana Bakalchuk, the Armenian presidential press service reported. During the meeting, the prospects and possibilities of e-commerce development, …

Cannery re-launched in Gergebil district

Cannery re-launched in Gergebil district

In Dagestan, one of the factories that was under the threat of bankruptcy came back to life. A cannery in the Gergebil district was reopened thanks to a new investor

Fix Price opens first store in Armenia

Fix Price opens first store in Armenia

Russia's retail chain Fix Price has announced the opening of the first store in the Armenian capital Yerevan. Fix Price plans to develop its chain in the country and will open a second store next month. Stores in Armenia have …