The developer of the Marneuli Solar Power Plant (SPP) has secured a loan from the European Bank for Reconstruction and Development (EBRD) to cover almost three-quarters of the project cost. The bank stated the new facility would significantly aid Georgia's decarbonization efforts.
S&P Global Ratings revised its outlook on Azerbaijan to positive from stable, the agency said in the report.
The IX International Banking Forum is being held in Baku today. The event runs under the motto “Reliable, Secure, and Sustainable Banking.”
The scandal erupted over an infographic previously published by the Armenian Ministry of Defense
In the first seven months of this year, Azerbaijan and Georgia increased their trade volume by 28.4%. The total amount reached nearly $465 million.
The Armenian government has decided to obtain a loan from the World Bank to fund repairs for irrigation systems and residential water supply networks.
In six months, Georgian officials privatized movable and immovable state property for almost $50 mln
The ordering procedure has not changed with the addition of new payment option
Fitch noted that in comparison with its peers, Georgia has a high level of economic development
The Baku branch of Iran’s Melli Bank (National Bank) has fully resumed its operations after a period of inactivity in Azerbaijan. The branch has restarted issuing loans and accepting deposits, marking a full return to regular …
Since the beginning of the year, Iran has purchased 5.8 million kilowatt-hours of electricity from Azerbaijan. In total, Azerbaijan exported almost 300 million in the first two months.
In January-March, the republic sold 133 buildings
The National Bank of Georgia resumed purchasing foreign currency on the domestic market in March after a decline in reserves over the previous two months, head of the NBG Natia Turnava said. "March marks the beginning …
Armenian trucks are still forced to fill their tanks with extremely expensive Iranian diesel at the border
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 …
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) …
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 is organizing the forum "Grozny – City of Opportunities". The event is aimed at developing the investment potential of the republic.
"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.
Ilham Aliyev stated that the economic development model of Azerbaijan has proven itself at the global arena
