Investment

World Bank allocates $400 mln to Georgia

World Bank allocates $400 mln to Georgia

World Bank will allocate $400 million for the Human Capital Programme for Georgia, calling it “the largest cross-sectorial investment” for the country over 30 years of partnership.  The World Bank Board of Executive …

Hilton and Hyatt suspend business development in Russia

Hilton and Hyatt suspend business development in Russia

US-based Hilton and Hyatt hotel chains made the decision to suspend development of their business in Russia due to the situation around Ukraine, press services of companies said. "We have made the decision to suspend our …

Erdoğan announces support for every investor

Erdoğan announces support for every investor

The Turkish authorities don't divide investors into local and foreign and are ready to support any of them who trust the Turkish economy, President Recep Tayyip Erdoğan said yesterday at the opening of one of the largest pulp and paper mills …

Sovcombank to buy Uzbek state bank

Sovcombank to buy Uzbek state bank

Major Russian private Sovcombank intends to acquire Uzagroexportbank. Thus, 100% of the unprofitable enterprise will be sold by Uzbekistan. "At the moment, the parties are negotiating on the terms of the deal. Several million …

Pakistan and Russia in talks to remove economic barriers

Pakistan and Russia in talks to remove economic barriers

The Pakistani authorities hope for the reduction of customs and banking barriers between removal of Pakistan and Russia to give impetus to the development of economic ties, Pakistan’s Federal Minister for Economic Affairs Omar Ayub Khan …

Three progressive post-Soviet republics

Three progressive post-Soviet republics

All post-Soviet countries achieved significant progress in transitioning to market economies and ensuring that democratic values are respected

Georgia's Garibashvili meets Rothschild & Co managing director

Georgia's Garibashvili meets Rothschild & Co managing director

Georgian Prime Minister Irakli Garibashvili has met with Managing Director at Rothschild & Co Arielle Malard de Rothschild today. During the meeting held at the Government Administration, Irakli Garibashvili and Arielle Malard de …

EU countries continue to into into Russia

EU countries continue to into into Russia

Russia ranks 11th among the most attractive countries for foreign direct investment (FDI) in Europe, according to a new study by Ernst & Young, which will be presented on June 3 at the St. Petersburg International Economic Forum. …

Turkey must enter  top 10 global economies, Erdogan says

Turkey must enter top 10 global economies, Erdogan says

The Turkish authorities are planning new large investments and projects that will help the country to enter the list of the top 10 global leading economies, President of the country Recep Tayyip Erdogan said today. …

Why Kazakhstan joined new investment partnership with Uzbekistan, US

Why Kazakhstan joined new investment partnership with Uzbekistan, US

The governments of Kazakhstan, Uzbekistan, and the United States have launched the Central Asia Investment Partnership under the umbrella of the C5+1 format, in order to promote private-sector growth and strengthen regional economic cooperation, The Diplomat writes in the article Why Kazakhstan Joined New Investment Partnership With Uzbekistan, US. The new initiative comes at a time when Kazakhstan is looking to diversify its economy to deal with the effects of the coronavirus pandemic and achieve its long-term goal of becoming one of the most developed nations by 2050