business in Caucasus

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Gakharia summarizes 2019 in Georgia

Gakharia summarizes 2019 in Georgia

Georgian Prime Minister Giorgi Gakharia has summarised 2019 at the governmental meeting today. He has cited the occupation and jobs as key challenges for the country, adding that the Georgian economy is advancing. …

Will Pashinyan topple Tsarukyan?

Will Pashinyan topple Tsarukyan?

Armenia's State Revenue Committee is demonstrating keen interest in the companies owned by leader of Prosperous Armenia party Gagik Tsarukyan. Vice-chairman of State Revenue Committee Edward …

Investments in Georgia decreased by 17%

Investments in Georgia decreased by 17%

According to the data published by the National Statistics Service, from January to September, the volume of investments in Georgia amounted to $ 908.9 mln, which is 17% less than last year. At the same time, Turkey, Great Britain, USA, …

North Caucasus to receive 2 trillion rubles in investments

North Caucasus to receive 2 trillion rubles in investments

The 4th Invest in Caucasus Business Forum was held in Mineralnye Vody on December 3-4. Within its framework, Russian Deputy Prime Minister Vitaly Mutko said that the North Caucasus is Russia's important geostrategic region, …

Moscow hosts 10th Russia-Azerbaijan Interregional Forum

Moscow hosts 10th Russia-Azerbaijan Interregional Forum

The 10th Russia-Azerbaijan Interregional Forum has opened in Moscow today. The event is co-organized by the Russian Ministry of Economic Development and Azerbaijan’s Ministry of Economy. The business programme will feature an …

Georgia's new business ombudsman appointed

Georgia's new business ombudsman appointed

Georgian Prime Minister Giorgi Gakharia has appointed a new business ombudsman, Mikheil Daushvili, today. Mikheil Daushvili thanked Gakharia for trust and spoke about the main challenges in the …

Conti International LLC quits Anaklia port project

Conti International LLC quits Anaklia port project

The representatives of US Conti International LLC denied reports that the organization intends to cooperate with the Anaklia Development Consortium, which is constructing a deep-sea port in Georgia. Earlier, Levan Akhvlediani, head of …

Azerbaijan ranks 34th in Doing Business 2020

Azerbaijan ranks 34th in Doing Business 2020

Azerbaijan takes 34th place among 190 countries in Doing Business 2020 rating published by the World Bank. According to the WB report, Azerbaijan made improvements in areas of registering property, getting credit, protecting …

Tbilisi court freezes 60% of Rustavi 2 TV shares

Tbilisi court freezes 60% of Rustavi 2 TV shares

Tbilisi City Court has ruled that 60% of shares of TV channel Rustavi 2 be frozen after two founders of the channel filed a lawsuit against current owner Kibal Khalvashi last week. Khalvashi, who stated his shares …

Ingushetia to buy sheep in Dagestan

Ingushetia to buy sheep in Dagestan

The authorities of Ingushetia intend to buy sheep in Dagestan, as well as heifers in the Lipetsk region, Deputy Minister of Agriculture of the Republic Mukhazhir Albakov said noting that supply negotiations were held with the regions in the …

Karachay-Cherkessia to host industrial forum in December

Karachay-Cherkessia to host industrial forum in December

The leadership of Karachay-Cherkessia will organize an industrial forum to establish contacts between regional producers and large federal networks. The event will be held in December 2019, the deputy director of the Center for Entrepreneurship …

Akhavnadzor residents stage “grape protests”

Akhavnadzor residents stage “grape protests”

The Yerevan-Meghri highway in the Vayots Dzor region of Armenia was blocked today by residents of the village of Akhavnadzor - they are protesting against low purchase prices for grapes. In total, up to 150 villagers took part in the protest. …

Entrepreneurs to gather at South Gate forum in North Ossetia

Entrepreneurs to gather at South Gate forum in North Ossetia

North Ossetia will host the South Gate international economic forum in November. The event will bring together business representatives from all the republics of the North Caucasus Federal District for the first time, the head of the Department …

Pashinyan visits Eduardo Eurnekian's winery

Pashinyan visits Eduardo Eurnekian's winery

Armenian Prime Minister Nikol Pashinyan visited Eduardo Eurnekian's Tierras de Armenia farm located in the sun-drenched village of Baghramyan in the Armavir province. Pashinyan and Eurnekian …

Azerbaijan among TOP-20 states in Doing Business 2020

Azerbaijan among TOP-20 states in Doing Business 2020

Azerbaijan is among TOP-20 countries with the improved 'Doing Business 2020' rating, published by the World Bank. According to the bank, Azerbaijan made it easier to do business in four areas measured by Doing Business: …