business in Caucasus

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 …

Georgia lifts several COVID-19 restrictions

Georgia lifts several COVID-19 restrictions

The Georgian government has announced the lifting of several coronavirus-related restrictions due to the decrease in daily infections.  Prime Minister Giorgi Gakharia said all public transport around the country will resume …

Report: Karabakh separatism has no prospects

Report: Karabakh separatism has no prospects

In post-war period, the Armenian population of Azerbaijan living in the zone of responsibility of the Russian peacekeepers has no alternatives left to full-fledged integration into the Azerbaijani economy: the separatist regime, which has been …

Liberated Azerbaijani territories to be restored in four stages

Liberated Azerbaijani territories to be restored in four stages

A concept was prepared for the restoration and development of the Azerbaijani lands liberated from the Armenian occupation in accordance with the instruction of the President of Azerbaijan Ilham Aliyev, Azerbaijani Minister of Economy Mikayil …

FAKE NEWS: Beeline mobile operator doesn't operate in Khankendi

FAKE NEWS: Beeline mobile operator doesn't operate in Khankendi

A piece of false information has appeared in the media and Telegram channels in recent days that allegedly the VEON Group (multinational telecommunication services company) launched the activities of its trade brand ‘Beeline’ in the …

Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House was registered in Azerbaijan, Director General of the Trade House, Azerbaijani businessman Rufat Rzayev said, according to Kazinform news agency. Among the goals of Kazakhstan’s Trade House is …