Georgian hotels and restaurants become more expensive
"Sakstat" reported on the change in the cost of goods and services in Georgia in 2024. Hotels and cafes have seen the largest increase, while communication costs have become cheaper.
finances in Caucasus
Ilham Aliyev: Azerbaijan does not depend on anyone
Ilham Aliyev stated that the economic development model of Azerbaijan has proven itself at the global arena
Russia and Azerbaijan increase trade turnover
Trade turnover between Russia and Azerbaijan for 6 months increased by 0.15%. It is more than in 2023. Azerbaijan's exports amounted to more than $556 million.
Eurasian Development Bank ready to work with Baku, Ankara
The Eurasian Development Bank agrees to begin investing in enterprises in Azerbaijan and Türkiye
Russia, Azerbaijan consider de-dollarization of mutual settlements
The RIAC Director General spoke about possibility of complete abandonment of the dollar in bilateral Russian-Azerbaijani trade and replacing it with rubles and manats
Bank of Georgia purchases Armenia's Ameriabank
Armenia's Ameriabank has announced the completion of the transaction for its purchase by the Bank of Georgia Group and a change of shareholders. The Armenian bank says on its website that its new shareholders are Bank of Georgia …
Georgia raises growth forecast for Georgian economy in 2024
TBC Capital has raised its forecast for Georgian economic growth in 2024. The company has reported that the country's economic growth will exceed 6%. In February, Georgia's economy grew by 9.5%.
Moscow to allocate 120 mln rubles for centenary of Ingushetia
The Russian government allocated 120 mln rubles in the form of a budget subsidy for the celebration of the centenary of Ingushetia, organized on behalf of President Vladimir Putin
Dagestan budget reviewed
Changes have been made to the budget of the Republic of Dagestan this year
Azerbaijan to spend billions of dollars for Karabakh's revival
The Ministry of Finance of Azerbaijan said that the reintegration of Karabakh into the country's economy was the main priority of Baku. Billions of dollars have been allocated for the restoration of Karabakh.
Azerbaijan increases exports of non-oil products
Azerbaijan has increased exports of non-oil products by 11% from January through September of the current year, Azerbaijani Economy Minister Mikayil Jabbarov said. According to him, growth was recorded in all areas of the non-oil …
Ilham Aliyev: Azerbaijan is a reliable country between Asia and Europe
Ilham Aliyev said that Azerbaijan had invested more than $20 billion in the economy of the Turkic states. He noted that the country made a valuable contribution to the work of the East-West corridor.
Georgia to spend less than million dollars on Anaklia port
Next year, the Georgian government will switch to a saving mode for the construction of the Anaklia port - only $0,9 mln will be allocated for the project
Armenia to receive 35 mln euros from Red Cross
The Armenian government reported on the first income from the voluntary migration of Armenians from Azerbaijan
E-commerce sector grows in North Caucasus
In the republics of the North Caucasus, the popularity of e-commerce is growing
Vladikavkaz households to receive money for first-graders
Vladikavkaz will allocate 640,000 rubles on social assistance to residents of the city whose children are going to the first grade
Oil, gas, flour: what does Georgia import from Russia?
Russia and Georgia have increased trade by almost a quarter since the beginning of 2023. The export of Georgian goods to Russia has also grown by more than 25%, Georgia supplies water, wine and cars. Russia sells oil, gas and flour.
Azerbaijan increases export potential
Azerbaijan's export potential has increased 5-6 times in recent years. Today, the necessary atmosphere has been created in the country for the inflow of investments and the implementation of socio-economic policy.
Georgia increases foreign trade
Since the beginning of the year, Georgia has increased its foreign trade by more than 20% compared to last year's figures. The country's imports of goods amounted to $7 billion, while its exports was $3 billion.
Azerbaijan doubles export of fruit crops
During the first two months of this year, Azerbaijan has increased the export of some types of fruit crops. Sales have doubled compared to last year's figures.
