business in Caucasus

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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 …

Brand "Made in the Caucasus" to be promoted across Russia

Brand "Made in the Caucasus" to be promoted across Russia

Producers from the North Caucasus will be able to obtain the trademark "Made in the Caucasus". It will make the products recognizable and popular. Goods under the new brand will receive support in promotion in retail chains.

Georgian and UAE officials host business forum in Tbilisi

Georgian and UAE officials host business forum in Tbilisi

Tbilisi is hosting a business forum organised by officials and involving businesses of Georgia and the United Arab Emirates, with the event involving discussions of trade turnover and investment between the two countries. Georgian …

Good news: you now need to pay for plastic bags in Azerbaijan

Good news: you now need to pay for plastic bags in Azerbaijan

Shops in Azerbaijan will apply a fee for polyethylene bags starting February 15, the Development of Trade Networks Public Union said. The decision was made to reduce the harmful effects of polyethylene bag waste on the environment. …

Egyptian businessmen to visit Stavropol Territory

Egyptian businessmen to visit Stavropol Territory

In 2023, the Stavropol Territory will exchange business missions with Egypt. During the trips, the parties will discuss the potential for cooperation and exchange specific proposals.

Georgia reanimates Tbilisi Silk Road Forum

Georgia reanimates Tbilisi Silk Road Forum

Georgia resumes international business forum for the countries along the Silk Road. According to the Georgian government, for the first time after a four-year halt, the Tbilisi Silk Road Forum will be held this year. …

Azerbaijan sets non-oil record

Azerbaijan sets non-oil record

According to the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO), in 2022, the country reached record non-oil exports amounting to $2.99 bn. Thus,compared to 2021, Azerbaijan's non-oil exports …

Dagestan implements five investment projects

Dagestan implements five investment projects

According to the press service of the Dagestan Agency for Entrepreneurship and Investments, five investment projects worth 8 bn rubles will be implemented in the republic this year. "This is the construction of the Makhachkala wind …

Azerbaijan and Qatar establish business council

Azerbaijan and Qatar establish business council

An agreement on the establishment of a joint Azerbaijan-Qatar Business Council was signed in Qatar between the Board Chairman Azerbaijan Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov and Board Member of the Qatar Chamber of …

Azerbaijan, Qatar to establish business council

Azerbaijan, Qatar to establish business council

On Sunday, October 30, Azerbaijan and Qatar signed an agreement in Doha on the establishment of the Azerbaijan-Qatar Business Council, Chairman of the Management Board of the Small and Medium Business Development Agency of the Republic of …

Rebuild Karabakh-2022 exhibition opens in Baku

Rebuild Karabakh-2022 exhibition opens in Baku

Today three international exhibitions start their work in Azerbaijan's Baku. Rebuild Karabakh - 2022 the Restoration, Reconstruction and Development of Karabakh the 2nd International Exhibition, Construction BakuBuild - 2022 the …

Saudi businessmen to visit Azerbaijan's liberated territories

Saudi businessmen to visit Azerbaijan's liberated territories

A preliminary agreement was reached on the visit of a number of Saudi Arabian companies and businessmen to the liberated territories by the end of this year. The preliminary agreement was reached during the meeting between …

Karabakh being integrated into Azerbaijan's economy

Karabakh being integrated into Azerbaijan's economy

Reintegration of Azerbaijan's lands liberated from Armenian occupation into the country’s economy will be ensured, according to ‘Strategy for socio-economic development of Republic of Azerbaijan for 2022-2026’ approved …

Impact of sanctions: Russia-Georgia trade soars by 32%

Impact of sanctions: Russia-Georgia trade soars by 32%

An increase in trade with Russia reported in the first half of 2022, according to Georgia's National Statistics Service. The trade turnover in January-June 2022 amounted to $962.2 million, which is 31.8% more than in January-June 2021. …