business in Caucasus

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 Yerevan hosts Armenian-Greek business forum

Yerevan hosts Armenian-Greek business forum

An Armenian-Greek business forum has opened in Yerevan with the participation of Greek Ambassador to Armenia Nafsika Nancy Eva Vraila, head of the Armenian Chamber of Commerce and Industry Andranik Aleksanyan, as …

Another "revolution" in Yerevan: soft drink producers protest

Another "revolution" in Yerevan: soft drink producers protest

Representatives of Armenian companies that are engaged in the production of soft drinks staged a protest outside the government building in Yerevan today. The amendments to Armenia’s tax law propose imposing excise tax of 5% on …

Adjara loses investment attractiveness

Adjara loses investment attractiveness

Foreign investors are losing interest in Ajaria. In 2018, direct investment in the region amounted to $ 35.073 million, which was a record low. The relevant statistics was published by commersant.ge. At the same time, the publication …

Investments in Georgia decrease by 34%

Investments in Georgia decrease by 34%

Foreign direct investment in Georgia in 2018, decreased by 34.9% compared with 2017 year, executive director of the National Statistics Service of Georgia 'Sakstat' Gogita Todradze said. She said that in 2018, …

Georgia exports 12 mln bottles of wine in two months

Georgia exports 12 mln bottles of wine in two months

Georgia exported about 12.2 million bottles of wine to 32 countries in January-February 2019, which is a 13% increase compared to the same period of 2018, according to the Georgian National Wine Agency. Last month Georgia generated …

New deep-water port to appear in Poti

New deep-water port to appear in Poti

Pace Georgia company plans to build another deepwater port in Poti. Today, the company operates 8th terminals of the Poti port. The project was supported by the American Investment Agency (OPIC), which allocated $ 50 million for the project. …

Commercial gas prices to rise in Georgia

Commercial gas prices to rise in Georgia

Today, the Georgian gas distribution operator announced an increase in the commercial gas tariffs. The tariffs for legal entities, except for bread production, will grow by 3 cents per cubic meter from March 1. “We want to …

 Georgian chamber of commerce opens in China

Georgian chamber of commerce opens in China

A Georgian chamber of commerce has opened in Guangzhou, China as part of the One Belt, One Road initiative of the Chinese President Xi Jinping aiming to enhance regional connectivity. Ambassador of Georgia to the Republic of China …

Opposition speculates on TBC Bank inspections, Bakhtadze says

Opposition speculates on TBC Bank inspections, Bakhtadze says

Georgian Prime Minister Mamuka Bakhtadze said that the investigation into the activities of TBC Bank, which is one of the largest financial organizations in the country, will not affect the stability of the financial sector. The prime …

Russia remains most profitable foreign country for Georgia

Russia remains most profitable foreign country for Georgia

Georgia's National Bank announced the annual statistics of money transfer to Georgian banks from abroad. According to the final figures, Russia remains the most profitable and most popular place of employment for Georgians …

SOCAR intends to invest $ 20 billion in Turkey

SOCAR intends to invest $ 20 billion in Turkey

Today, Mesut Ilter, the director general of the Azerbaijani oil giant SOCAR’s subsidiary STAR Refinery, reported about the company’s intentions to invest in the Turkish economy up to $ 19.5 billion in the near future. He …

What will 2018  be remembered for in Azerbaijan?

What will 2018 be remembered for in Azerbaijan?

2018 was the year of stability and execution of global economic projects for Azerbaijan, the deputy of the Milli Mejlis, Asim Mollazade, the deputy director of the Trend international agency Arzu Nagiyev and the economist Rovshan Ibrahimov told …

Reyhan Jamalova enters BBC 100 Women 2018 list

Reyhan Jamalova enters BBC 100 Women 2018 list

Azerbaijani native Reyhan Jamalova has been recognized in the BCC 100 Women 2018 list of inspiring and influential women around the world. Ranging in age from 15 to 94, and from more than 60 countries, the BBC 100 …

Boston to host U.S.-Caspian Innovation Summit

Boston to host U.S.-Caspian Innovation Summit

The U.S.-Caspian Innovation Summit will be held in Boston, Massachusetts on November 7. Jointly organized by the Caspian Policy Center, the U.S. Chamber of Commerce and the Embassies of Afghanistan, Azerbaijan, Georgia, Kazakhstan, …

Georgia's manufacturers to regulate waste from December 2019

Georgia's manufacturers to regulate waste from December 2019

All manufacturers in Georgia who place a product onto the market will be obliged to reduce negative environmental impact that may follow its production, use, waste recovery or disposal. This will be regulated by the new Waste Management …