Economics

Baku’s transport collapse: when will the metro work?

Azerbaijan

March 25, 2021

The Baku metro is closed to passengers, and buses are closed on weekends and holidays. How long will this situation last?

Half of expenses of an Azerbaijani family go to food

Azerbaijan

March 24, 2021

Half of the monthly expenses of an average family in Azerbaijan is spent on food. This is several times more in comparison with European countries

Gasoline prices in Armenia pushing record high

Armenia

March 23, 2021

Fuel prices have been going up here since July 2020, and it looks like the price is far from the peak. The reason for this was the devaluation of the Armenian national currency and the rise in world oil prices

Six Georgian startups that got their boost from the pandemic

Georgia

March 16, 2021

Business during a pandemic, Georgia: an economic crisis, but not for everyone. Six stories of how companies managed to find a niche, grow, achieve success and increase revenues

Sell real estate to foreigners in Abkhazia? To lift or keep the ban

Abkhazia

March 15, 2021

Abkhazia is discussing the possibility of allowing foreigners to buy real estate. Russia insists on this

Namakhvani HPP – ‘dam of death’ or critical energy security? Documentary film

Georgia

March 05, 2021

The authorities' goal is energy independence, but people oppose the construction of hydroelectric power plants in Western Georgia: 300 families will be relocated, nature changes, seismic risks

Will Georgia still build the ambitious Anaklia port? New tender in the works

Georgia

March 05, 2021

Experts say the construction of a new port at Anaklia in western Georgia is a project where American and Russian interests clash

Strong downturn in Georgian economy continues – new data for January

Georgia

February 27, 2021

Georgia's economy shrank 11.5 percent in January 2021 compared to the same period last year, Geostat reports.

Price of water doubles in Azerbaijan – but what about the quality?

Azerbaijan

February 26, 2021

In Baku, all residents are provided with piped water, and one cannot drink from the tap. But officials claim that the water is potable

Unemployment soars over 20% in Georgia

Georgia

February 22, 2021

Georgia has a record economic decline over the past 26 years, that is, since 1994

Italy ousts Russia as top remittance sender to Georgia

Georgia

February 20, 2021

For many years Russia has been the country where the most money comes to Georgia. Now Italy has replaced her. Record number of remittances during a pandemic

Pest be gone? Georgian hazelnut exports grow 49%

Georgia

February 12, 2021

Hazelnuts are sold mainly in the EU market and are among the top ten export products of Georgia. The battle with the marble bug that destroyed it lasted since 2016

Georgian citizens to be able to seek seasonal work in Germany

Georgia

February 12, 2021

According to the German ambassador, Georgia is the first country from where Germany invites workers for legal seasonal work

Train from Turkey arrives in Russia for first time

Azerbaijan

February 10, 2021

The first freight train from Turkey arrived in Russia through the territories of Georgia and Azerbaijan, and soon a new transport line through Armenia may work between Turkey and Russia

What are the new rules for entering Georgia?

Georgia

February 09, 2021

Vaccinated foreigners will be able to enter Georgia without restrictions

Armenia on verge of economic stagnation: what to expect in 2021

Armenia

February 06, 2021

The year promises to be one of the most difficult for the Armenian economy over the past decade, according to all economic indicators, the economy dropped the most in 2020 since the 2008 crisis

In spite of war and virus: Armenia's attempt to reboot tourism

Armenia

February 05, 2021

To overcome the crisis, experts propose to radically change the country's image and launch aggressive marketing advertising

Unprecedented recession: Georgian economy suffers steepest decline since 1994

Georgia

February 05, 2021

The reason is the quarantine restrictions in effect from November 28

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