Investment

Alexander Novak urges to invest in North Caucasus

Alexander Novak urges to invest in North Caucasus

Investment in 35 largest projects in the North Caucasus currently stands at 1.7 trillion rubles ($19 bln), Russian Deputy Prime Minister Alexander Novak said on the sidelines of the Caucasus Investment Forum. "As of …

First all-inclusive hotels to appear in Georgia

First all-inclusive hotels to appear in Georgia

Several new hotels will open in Georgia on the seafront next year. Premium all-inclusive hotels will be built by a large international chain. There are no all-inclusive hotels in Georgia today.

Türkiye removed from FATF gray list

Türkiye removed from FATF gray list

Türkiye has been on the FATF gray list for three and a half years. Recently, the organization decided to exclude the country from this list.

Luxury resort Ras Ghamila to appear in Egypt

Luxury resort Ras Ghamila to appear in Egypt

In Egypt, on the Red Sea, investors from Saudi Arabia plan to build a new luxury resort. It is planned to develop an area in the north of Sharm el-Sheikh, near the Ras Ghamila reef, which is beloved by divers.

Kizlyar Brandy Factory increases investments in development

Kizlyar Brandy Factory increases investments in development

The Kizlyar Brandy Factory invested 663 million rubles in development in 2023, which is 2.2 times more than in 2022, General Director Evgeny Druzhinin said. The funds were used for re-equipment, modernization and the overhaul of fixed …