Economics

EU report on business climate in Georgia

Georgia - EU

'Main problem is political instability': EU report on Georgia's business climate

Georgia - EU

March 13, 2025

Another issue is the shortage of skilled workers and insufficient qualifications.

Armenia

Armenia doubles betting duty in fight against gambling addiction

Armenia

March 06, 2025

The government also plans to create a regulatory authority, the Gambling Oversight Body, which will monitor all processes in the industry.

Armenia

Are Armenia’s youth returning to universities? Unprecedented turnout in first round of exams

Armenia

February 26, 2025

The Center for Assessment and Testing reports that more than 11,000 applicants have taken the unified entrance exams.

Armenia

Armenia introduces digital employment contract system: what are its benefits?

Armenia

February 19, 2025

From July 2025, employers can voluntarily start signing electronic contracts. From January 1, 2026, it will become mandatory.

Armenia’s mining industry: reasons behind its recent highs and lows

Armenia

February 15, 2025

Analysis based on open data and expert opinions on the increase in workers amid declining tax revenues

Could Azerbaijan impose sanctions on Russia

Can Azerbaijan impose economic sanctions on Russia? View from Baku

Azerbaijan-Russia

February 15, 2025

Economist Elchin Rashid believes that Azerbaijan could only impose symbolic sanctions on Russia, which would likely target individual Russian citizens rather than the Russian state itself.

Transparency International: Fear of isolation due to sanctions affected deposits, lari exchange rate, and Georgia’s National Bank reserves

Georgia

February 06, 2025

A deterioration in the external balance will lead to a significant depreciation of the lari.

Strike at Zangezur copper-molybdenum plant

Strike at copper-molybdenum plant halts Armenia’s largest taxpayer

Armenia

February 05, 2025

2,448 employees of the Zangezur Copper-Molybdenum Plant demand a pay raise. A total of 4,600 people work here.

Rental prices drop in Yerevan as real estate market stabilizes

Armenia

January 23, 2025

Why have rent prices dropped, and what’s next? A family’s 8-year rental journey and insights from realtors

Abkhazia's "crypto curse:" Why mining remains unbeatable

Abkhazia

January 19, 2025

Cryptocurrency mining is one of the main causes of the annual winter power deficit in the republic.

Opinion: 'If Georgia faces international isolation, middle class will leave, and handful of elites will become even wealthier'

Georgia

January 15, 2025

Giorgi Kadagidze: "Western partners do not want sanctions to affect the entire country or harm ordinary people."

The government seeks new economic partners outside Russian-led blocs, but economists warn of major challenges if Armenia exits the EAEU.

Economy Minister: 'Armenia won’t swap EAEU for another bloc, it seeks independence'

Armenia-Russia

January 13, 2025

The government seeks new economic partners outside Russian-led blocs, but economists warn of major challenges if Armenia exits the EAEU.

Wages rise in Azerbaijan, but so do utility costs

Azerbaijan

January 10, 2025

Low-income citizens and economic experts believe that income growth does not offset the rising costs of food and utilities.

Why Abkhazia doesn't benefit from the Kavkasioni power line and won't

Abkhazia

December 28, 2024

Until 2014, Abkhazia received payment for the transit of Russian electricity.

'Increase in employment and competitive workforce': strategic program in Armenia

Armenia

December 27, 2024

The government has developed a plan to increase the number of working women, youth aged 18-29, and regional residents, as well as to engage citizens receiving family and social benefits in the labor market.

Advertising market in Armenia: Phase of stabilization after shock and drastic changes

Armenia

December 27, 2024

Although the changes were difficult, experts believe they were necessary. They argue that it's only natural for advertisers to stop paying for a product that doesn't deliver the desired results.

Azerbaijan to increase minimum wage by 16% in 2025

Azerbaijan

December 24, 2024

The minimum wage will be set at $235. While the increase is welcome, some economists believe the amount is insufficient given the current prices.

Proposal to shorten Armenia’s workday by an hour is flawed: economist’s opinion

Armenia

December 23, 2024

Economist Agasi Tavadyan says the project’s authors did not assess how this step will impact the economy, productivity, or national profitability.

Will large fines for entrepreneurs using card-to-card payments bring Azerbaijan's economy out of shadows?

Azerbaijan

December 20, 2024

Experts believe that Azerbaijan's economy should be brought out of the grey zone not only through fines but also through incentives.

Can Georgian economy withstand political crisis? Economist's opinion

Politics in Georgia

December 18, 2024

Beso Namchavadze: "It all depends on the nature of Western sanctions. If they are like those imposed on Belarus, Georgia's economy will not withstand them."

Will market vendors in Azerbaijan pay taxes?

Azerbaijan

December 10, 2024

Entrepreneurs trading in markets in Azerbaijan will be required to register for tax purposes. According to experts, the country's budget does not need such funds.