business in Caucasus

page 16

 Russia and Azerbaijan to focus on non-oil sector

Russia and Azerbaijan to focus on non-oil sector

Russia and Azerbaijan will be actively engaged in diversification of mutual investments to stimulate the real sector, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), Rufat Mammadov, said at the …

Turkish company to change tubes of Georgian gas pipeline

Turkish company to change tubes of Georgian gas pipeline

The Turkish company ERCIYAS CELIK BORU SAN.A.S. has won the public tender for the construction and rehabilitation of the main gas pipeline in Georgia. The total price of the contract amounts to $9.1 million. According to the agreement ...

Iran to buy Russian aircraft for $21 billion

Iran to buy Russian aircraft for $21 billion

The head of the Iranian National Space Centre, Manouchehr Manteki, today said that the Islamic Republic has signed several contracts with Russia for the purchase of Russian aircraft, including the Superjet 100. The contracts were signed in late …

Putin: business climate in Ingushetia should be improved

Putin: business climate in Ingushetia should be improved

The Ingush authorities need to conduct a more active search for additional investments, as well as to work on the improvement of the business climate of the country, Russian President Vladimir Putin said during a meeting on socio-economic …

IBRD to grant Georgia $120 million for development

IBRD to grant Georgia $120 million for development

The IBRD will grant Georgia a loan worth $120 million for 25 years (14-year beneficial period). The deal has been ratified by the Georgian parliament today, Business Georgia reports. The priorities of the document fit into the …