finances in Caucasus

page 2

Azerbaijan increases exports of non-oil products

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 …

Oil, gas, flour: what does Georgia import from Russia?

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 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

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

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.

Georgia increases export of agricultural products

Georgia increases export of agricultural products

The Ministry of Agriculture of Georgia reported an increase in agricultural exports by 17% in the first months of this year, thus the country managed to export products worth almost $915 billion.

Garibashvili promises to build port with 7.8 mn tons capacity

Garibashvili promises to build port with 7.8 mn tons capacity

If the Georgian government manages to implement the port of Anaklia project, its capacity will amount to 4% of the Novorossiysk seaport. Today, Chairman of the Georgian Government Irakli Garibashvili announced the capacity of the 1st …

Azerbaijan sets non-oil record

Azerbaijan sets non-oil record

According to the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO), in 2022, the country reached record non-oil exports amounting to $2.99 bn. Thus,compared to 2021, Azerbaijan's non-oil exports …

Dagestan implements five investment projects

Dagestan implements five investment projects

According to the press service of the Dagestan Agency for Entrepreneurship and Investments, five investment projects worth 8 bn rubles will be implemented in the republic this year. "This is the construction of the Makhachkala wind …

Salaries of Georgian officials to rise sharply

Salaries of Georgian officials to rise sharply

The salaries of Georgian officials will rise by 10% this year. The increase in salaries is connected with the new law on the indexation of salaries in the public sector, which has come into force on January 1. The law states that …

Georgia’s GDP increased by 9.3%

Georgia’s GDP increased by 9.3%

According to the Georgian statistics service Sakstat, real GDP growth rate by November 2021 amounted to 9.3%. From January to November, the average GDP growth in Georgia is 10%. The statistics service explained that Georgia continues to …

Armenia's budget hit record in 2022

Armenia's budget hit record in 2022

The head of the State Revenue Committee of Armenia, Rustam Badasyan, said today that the budget of the republic received record revenues in the outgoing year. The country received 1.925 trln drams ($4.9 bln). According to …

Import duties on electric vehicles lifted in Azerbaijan

Import duties on electric vehicles lifted in Azerbaijan

Azerbaijan has canceled customs duties on the import of electric vehicles with a production period of up to three years, the press service of the government of the republic reports. "In accordance with the amendments made to the …