Economics

Armen and his 'Aqua World' in Stepanakert

Armenia

June 12, 2021

Armen Hakobyan's life is now closely tied with his dream business - the Aqua World store in Stepanakert, in the unrecognized Nagorno-Karabakh Republic, where he sells fish and aquarium accessories.

Yerevan holds annual wine festival despite sharp criticism on social media

Armenia

June 06, 2021

Yerevan Wine Festival has sparked an outage on social media, as many found it inappropriate to celebrate amidst the country’s recent defeat in the second Karabakh war.

'City of Black Gold': destruction and decay in Chiatura, Western Georgia

Georgia

June 01, 2021

"The city of black gold" - this was the name of this city in the Soviet Union, where manganese is mined and processed. Mines and devastation in Chiatura in Georgia

How are Karabakh residents restoring their businesses after the war?

Karabakh

May 31, 2021

After the second Karabakh war, an economic recession began in NK. But the Karabakh businessmen, despite all the difficulties, are trying to restore their production

Georgia reopens land borders - what are the entry requirements?

Travel Georgia

May 29, 2021

The rules for entering Georgia are different for fully vaccinated and unvaccinated foreigners

Protests against construction of new hydro plant grow in Georgia

Georgia

May 24, 2021

The participants in the protest against the construction of the Namakhvan hydroelectric power station in Western Georgia demand to stop the construction and cancel the agreement with the Turkish company

'Black Gold' of Armenia: How can copper boost the Armenian economy?

Armenia

May 10, 2021

Assessment of reserves, can Armenia export pure copper, is it possible to organize a full cycle of copper processing in the country and what investments are needed for this?

Cost of living rises steeply in Armenia

Armenia

May 08, 2021

Both independent experts and the Central Bank cite the rise in prices on the world market as the main reason for the rise in prices.

What’s become of the thousands of refugee families near Karabakh?

Armenia

May 08, 2021

Women who moved to Armenia after the second Karabakh war are helped to find work and settle in a new place. The stories of families who settled in the southern region of the country

Georgia has no plans to introduce tougher restrictions on business due to Covid

Georgia

May 07, 2021

Despite the rise in coronavirus cases, the government in Georgia has no plans to shut down the economy. But the curfew will not be canceled

'Made in Armenia': the struggle of local producers for a place in their own market

Armenia

April 27, 2021

Will it be possible to replace Turkish goods with local goods, the import of which is now prohibited, as well as the steps taken by Armenian companies in the context of the crisis caused by the coronavirus and the war?

3,000 miners on strike in Georgian mining town of Chiatura

Georgia

April 24, 2021

Miners' strike in Chiatura in Georgia, people demand a 50% increase in wages and active measures to protect the environment

Ingur/i HPP to resume operations end of April with capacity increased by 10-15%

The Ingur(i) HPP

April 23, 2021

Ingur / i HPP resumes work ahead of schedule, which is especially important for Abkhazia, the supply of electricity to which is completely dependent on this plant

The Georgian Military Highway or 'bottleneck' of the Caucasus?

Migration

April 05, 2021

Report from the Georgian Military Highway, once again blocked by snow

Protests resume after work picks up on disputed hydro station in west Georgia

Georgia

April 03, 2021

Population protest against the construction of the Namakhvan hydroelectric power station in Georgia. The new director of the investor company says that to assess the risks by a group of independent experts

Food prices rise sharply in Georgia on back of high inflation

Georgia

April 03, 2021

Prices rose in Georgia, most of all for butter, coffee and sugar, bread went up quite strongly - by 7.7 percent. Annual inflation rate - the highest in the last two years

Georgian economy contracts 8.3% in Jan-Feb

Georgia

April 02, 2021

In January-February, Georgia's economy fell by 8.3 percent. Indicators have been declining for the twelfth consecutive month

Has Armenia's economy 'almost recovered'? Minister expects double-digit growth by end of year

Armenia

March 26, 2021

It is not the first time that Vahan Kerobyan has made such an ambitious statement, while the Central Bank has reduced the forecast for the country's economic growth in 2021 from 2 to 1.4%

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