business in Caucasus

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Turkey announces incentives for Azeri exclave investments

Turkey announces incentives for Azeri exclave investments

Turkish Economy Minister Nihat Zeybekci has announced a series of measures to encourage investments in the Nakhchivan Autonomous Republic of Azerbaijan, including an incentive for Nakhchivan-based businesses to sell their …

Saudi Arabia interested in Georgian market

Saudi Arabia interested in Georgian market

Saudi Arabia is interested in Georgian market, executive director of Al-Bawani Group Fakher al-Shawafi said during the visit of delegation of Arab investors to Tbilisi. They met with Prime Minister Giorgi …

Azerbaijani businessmen to visit Hungary

Azerbaijani businessmen to visit Hungary

In early October, an export mission of Azerbaijani businessmen will arrive in Budapest. The visit will last from October 1 to 4.  The entrepreneurs of the export mission specialize in the production of fruits and vegetables, …

Yandex and Uber to combine ride-hailing in Russia and beyond

Yandex and Uber to combine ride-hailing in Russia and beyond

Yandex.Taxi and Uber will combine their businesses in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. According to the report from Yandex, both Yandex.Taxi and Uber app will operate as before, driver apps, on the other …

Armenia to introduce business ombudsperson position

Armenia to introduce business ombudsperson position

The Armenian government’s program for 2017-2022, approved today, calls for the creation of position of "business ombudsperson."   The government will develop a draft law on the defender of interests of entrepreneurs …

Civil forum "Arkhyz XXI" to be held in Karachay-Cherkessia

Civil forum "Arkhyz XXI" to be held in Karachay-Cherkessia

4th North Caucasus civil forum "Arkhyz XXI" will be held in Karachay-Cherkessia. Around 250 representatives of non-profit organizations, mass media, authorities and expert community will participate in it. "Arkhyz …

Georgia among best European countries for business

Georgia among best European countries for business

The EuCham, which ranks European countries based on their business environment ranked Georgia 20th amongst 46 countries after it moved up four places by gaining 68.6 in the scores. An economy’s EuCham score is reflected by a scale …

Giorgi Gakharia: foreign business trusts Georgia

Giorgi Gakharia: foreign business trusts Georgia

Head of Georgia's Economy Ministry, Giorgi Gakharia, said that direct foreign investments in the country's economy are constantly increasing, which is unique for the region. He specified that the amount of …

Azerbaijani business taking a break from inspections

Azerbaijani business taking a break from inspections

Azerbaijan is proud of sharp reduction of supervision over business running in the country, the head of the Economy Ministry’s Entrepreneurship Department Elchin Ibrahimov said. "The introduction of a …

US businessmen to visit Azerbaijan

US businessmen to visit Azerbaijan

Next US Trade Mission to Azerbaijan is scheduled to take place on October 16-18. With economic diversification as a priority, the mission this year promises to include cutting edge and progressive industries. "We will …

Kvirikashvili meets with  Abdullah II

Kvirikashvili meets with Abdullah II

Jordan’s King Abdullah II discussed with Georgian Prime Minister Giorgi Kvirikashvili bilateral relations and means of developing them in various fields, especially in the economic domain.  The meeting discussed …

US and Azerbaijan intend to expand business cooperation

US and Azerbaijan intend to expand business cooperation

The Ambassador of Azerbaijan to the the United States, Elin Suleymanov, met with representatives of ten major American companies. They discussed opportunities for expanding business with Azerbaijan at the meeting. The …

Best investment projects contest held in North Ossetia

Best investment projects contest held in North Ossetia

Winners of the "Best Investment Project" contest were awarded in North Ossetia. The contest was initiated by the Ministry of Industry and Trade of the republic to find new projects and ideas in the field of industry and …