business in Caucasus

Karabakh revival: number of enterprises exceeds 5,000

Karabakh revival: number of enterprises exceeds 5,000

Nearly 5,100 business entities are operating in the Karabakh and Eastern Zangezur economic regions as of October 1, 2024, along with 93,386 individual entrepreneurs, Azerbaijan’s State Statistical Committee reported. The …

Ozon marketplace launched in Georgia

Ozon marketplace launched in Georgia

It has become possible to make online purchases on the Ozon marketplace in Georgia. Delivery of goods to Georgia will take about two weeks.

Georgia’s hotel number sees 10% growth in 2023

Georgia’s hotel number sees 10% growth in 2023

The hotel industry in Georgia experienced growth last year with 2,435 entities operating 2,488 hotels and hotel-type enterprises throughout the country in a 12.4% increase from 2022, according to the Georgian National Statistics Office. …

Ozon launches sales in Azerbaijan

Ozon launches sales in Azerbaijan

Ozon, a popular Russian online retailer, has started selling its products to residents of Azerbaijan, a source in the company said. …

Georgia may host record number of tourists this year

Georgia may host record number of tourists this year

Georgian Prime Minister Irakli Kobakhidze said tourism is one of the “most important areas” for the country's development. According to Kobakhidze, Georgia received revenues of $808 million from tourism in the first …

Georgian FM highlights “very high” economic growth

Georgian FM highlights “very high” economic growth

Georgian Finance Minister Lasha Khutsishvili highlighted the “very high” economic growth in Georgia over the past four years. According to the minister, Georgia had experienced “double-digit” growth between …

Russian-Azerbaijani forum to be held in Stavropol Territory

Russian-Azerbaijani forum to be held in Stavropol Territory

The Stavropol Territory will host a forum, which will bring together representatives of business circles from Azerbaijan and Russia. It is planned to hold meetings, presentations and round tables. A cultural program is also preparedfor the guests of the region.