finances in Caucasus

Baku to allocate record $5bln for military spending in 2025

Baku to allocate record $5bln for military spending in 2025

Given the large-scale militarization of Armenia, Azerbaijan has significantly increased its military budget for the coming year to a record level of 8.4 billion manats, Azerbaijani President Ilham Aliyev said in his address on …

National Statistics Office reveals Georgia's average salaries

National Statistics Office reveals Georgia's average salaries

Average monthly nominal earnings in Georgia increased by 10.9% in the third quarter of 2024, rising by 201.3 lari to reach a total of 2,056.7 lari compared to the same quarter in the previous year, the National Statistics Office (Sakstat) …

Bidzina Ivanishvili gets $1.13bln richer

Bidzina Ivanishvili gets $1.13bln richer

Wealth of the ruling Georgian Dream - Democratic Georgia party's founder Bidzina Ivanishvili estimated at $7.73 billion, according to Bloomberg Billionaires Index. Since the beginning of 2024, Ivanishvili's …

Chechnya to host investment forum

Chechnya to host investment forum

Chechnya is organizing the forum "Grozny – City of Opportunities". The event is aimed at developing the investment potential of the republic.

Bank of Georgia purchases Armenia's Ameriabank

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 …

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 …