Economics

Food imports to Azerbaijan rise: what's driving the increase?

Azerbaijan

December 05, 2024

Azerbaijan's food import costs rose 10.2% in the first 10 months of 2024, reaching $1.97 billion.

Abkhazia protests against a controversial investment deal with Russia, demand president’s resignation. 15-16 November, 2024

Abkhazia-Russia

November 16, 2024

It is considered exploitative for Abkhazia and is ironically referred to as "benefits for oligarchs"

"Investment agreement a step toward Russia’s annexation of Abkhazia." Opinion from Tbilisi

Georgia-Russia

November 16, 2024

"Russia is preparing its 'offer' to negotiate with the Trump administration, which will include Georgia among the territories it seeks to control"

Record reserve spending, looming sanctions: What's next for Georgian economy after October 26 elections?

Georgia

November 15, 2024

The October 26 parliamentary elections have intensified risks to Georgia's economic development amid reserve spending, looming sanctions

Armenia’s 2025 budget: PM emphasizes citizen responsibility amid push for security, growth

Armenia

November 14, 2024

Armenia’s 2025 budget draft prioritizes economic growth and national security

Former Georgian Prime Minister: Spending foreign reserves will trigger an economic crisis

Georgia

November 13, 2024

Gilauri considers this concerning "given the relatively low reserves."

Georgia’s foreign reserves drop by record $627 million in October

Georgia

November 07, 2024

Georgia's foreign reserves saw a record drop of $627 million in October 2024, mainly due to pre-election currency interventions

Azerbaijan spends over $2 billion on reconstruction in liberated areas

Azerbaijan

November 05, 2024

In the first nine months of 2024, Azerbaijan allocated 39.2% of its national reconstruction budget for construction in liberated regions

Opinion: Abkhazia’s investment deal with Russia risks heavy losses

Abkhazia-Russia

November 04, 2024

Abkhazia risks losing land to Russia, executive warns, condemning recent Russo-Abkhaz investment agreement as "scam".

Georgian manganese mines and ferroalloy plant halt operations, leaving 5,400 jobless

Georgia

October 31, 2024

The company reported that authorities approved the shutdown

"Ivanishvili is bargaining with the West at the cost of Georgia’s future" – interview with the former financier of the Georgian oligarch

2024 elections in Georgia

October 26, 2024

"I helped him in 2012 because I believed it was time to change the government in Georgia (Saaakashvili and his team). Now, once again, it is time for a change in power"

Why do the designated bus lanes in Baku fail to facilitate public transport?

Azerbaijan

October 23, 2024

Economist Natig Jafarli believes that for bus lanes to be effective, they must be logically and continuously laid out.

Three threats posed by the agreement on Russian investments in Abkhazia. Opinion

Abkhazia-Russia

October 22, 2024

Tengiz Djopua: "This could affect not only the economic situation but also the political situation"

Armenia's exports to UAE increased, to Russia decreased: reasons explained

Armenia

October 18, 2024

Economist Armen Ktoyan explains that the 50% increase in exports to the UAE is due to the shipment of precious stones and metals to the country

Dark days for Azerbaijan’s cotton: "High costs, low subsidies, insufficient profit"

Azerbaijan

October 16, 2024

Experts believe that inefficient cotton farming practices, unsuited to the country’s climate, are economically unprofitable

What impact do Azerbaijan's closed land borders have on the lives of ordinary people?

Azerbaijan

October 16, 2024

According to economist Natig Jafarli, the closed land borders negatively affect the country's economy in various ways

Azerbaijan may transition to hourly wages

Azerbaijan

October 14, 2024

An expert notes that the transition to hourly wages in Azerbaijan is not an easy process and may lead to abuses

Corruption scandal in North Ossetia: an official arrested in absentia is reportedly hiding in Georgia

Georgia-Russia

October 13, 2024

The Ministry of Internal Affairs claims that Tuganova organized a fraudulent scheme involving officials from the Ministry of Labor

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