business in Caucasus

How will anti-Russian sanctions affect Georgia?

How will anti-Russian sanctions affect Georgia?

Georgia did not join the anti-Russian sanctions, so as not to suffer the disruption of trade and economic relations, but these sanctions will still affect it, since trade turnover between the two countries is still high and largely consists of …

How could anti-Russia sanctions affect Azerbaijan?

How could anti-Russia sanctions affect Azerbaijan?

The new Western sanctions imposed on Russia for launching a military special operation in Donbass have already affected the Russian economy, but their impact will inevitably spread to neighboring countries as well. Candidate of Economic Sciences, …

Aksyonov awaits large Russian banks in Crimea

Aksyonov awaits large Russian banks in Crimea

The head of Crimea, Sergei Aksenov, hopes that large Russian banks that are on the sanctions lists of Western countries will now be able to work in Crimea. "The tightening of the sanctions regime may in some sense …

Russia to expand business presence in Azerbaijan

Russia to expand business presence in Azerbaijan

Companies from Russia are ready to actively participate in the privatization of Azerbaijani enterprises, according to the materials on the meeting of the country's President Vladimir Putin and Azerbaijani President Ilham Aliyev. …

Georgia to start importing cheap Turkish medicines

Georgia to start importing cheap Turkish medicines

In the next few weeks, Georgia will start importing medicines from Turkey into pharmacies. The Prime Minister of Georgia Irakli Garibashvili stated this at a government meeting. He stressed that since March, the system of …

Armenia bans thin plastic bags

Armenia bans thin plastic bags

From today, it is impossible to buy plastic bags in Armenia, the density of which is less than 50 microns. Thus, only the thickest ones are allowed in the country. The sale of plastic bags at all trade objects and their use for the …

International Business Forum kicks off in Baku

International Business Forum kicks off in Baku

The 25th International Business Forum (IBF) organized by the Small and Medium Business Development Agency (SME) of Azerbaijan and the Association of Independent Industrialists and Entrepreneurs of Turkey (MUSIAD) has begun in Baku with the …

Russia to invest $1 bln in the Armenian economy

Russia to invest $1 bln in the Armenian economy

Russia plans to invest $1 billion in the Armenian economy in the near future, Deputy Economic Development Minister Dmitry Volvach said at a briefing on Tuesday on the sidelines of the 8th Armenian-Russian Interregional Forum. "Our …

Georgia's Garibashvili meets Rothschild & Co managing director

Georgia's Garibashvili meets Rothschild & Co managing director

Georgian Prime Minister Irakli Garibashvili has met with Managing Director at Rothschild & Co Arielle Malard de Rothschild today. During the meeting held at the Government Administration, Irakli Garibashvili and Arielle Malard de …

Biden prohibits U.S. investment in 59 Chinese companies

Biden prohibits U.S. investment in 59 Chinese companies

U.S. President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist. In an …

Int'l tourism fair in Madrid features Georgia as partner country

Int'l tourism fair in Madrid features Georgia as partner country

Georgia is participating in FITUR, Madrid International Tourism Fair, in the status of a partner country on May 19-23, where the country is carrying out a marketing campaign and showcase its tourism potential through banners, videos, …

Dagestan reduces shadow economy

Dagestan reduces shadow economy

According to the Ministry of Labor of Dagestan, the republic's authorities continue to work to reduce the shadow sector of the republican economy and achieve certain successes. Thus, according to open statistics, in 2020, more than …

New political and energy crisis hits Georgia

New political and energy crisis hits Georgia

The Defenders of the Rioni Gorge group of activists aiming to achieve complete closure of the most important Georgian energy project - the Namakhvani HPP - announced today indefinite protests that will take place not only at the construction site …