Economics

Op-Ed: Abkhazia needs reforms – the coronavirus tourism crisis might help it do that

Abkhazia

July 16, 2020

The coronavirus pandemic has led Abkhazia to an economic crisis. But this could spur reforms that will reduce dependence on Russian funding

Georgia in no rush to reopen. How this could hurt the economy

Coronavirus

July 13, 2020

What’s wrong with the approach to the crisis – the opinion of an opposition politician and an expert

Georgian gov’t to subsidize winemakers with $20 mln

July 10, 2020

The decision to subsidize winemakers was made in connection with the coronavirus crisis

Anti-crisis farming: two stories from Abkhazia

Coronavirus

July 04, 2020

How people are setting up gardens in Abkhazia to survive the pandemic

If they don’t open the border with Russia, famine awaits us – the pandemic in Javakheti, Georgia. Video

Coronavirus

July 03, 2020

Thousands of families in the Armenian community in Javakheti, Georgia, have fallen further into poverty because they cannot go to Russia for seasonal work due to the coronavirus pandemic

Azerbaijan’s economy before and after the pandemic – what to expect and what to be afraid of? Interview with economist

Opposition in Azerbaijan

July 02, 2020

Natiq Jafarli: “The only hope of the government is that after the pandemic, the oil price may rise again”

The price of luxury: real estate tax spikes in Armenia

June 30, 2020

Within six years, the tax will increase 5-6 times, and for expensive apartments and houses, it will increase tenfold

Op-Ed: Difficult times ahead for economy of Abkhazia

June 25, 2020

Abkhaz authorities must pass some unpopular reforms to overcome the current economic crisis, including downscaling the bureaucratic apparatus

Armenia’s ‘agro-revolution’ – transforming forlorn villages into tourism hotspots

Armenia

June 25, 2020

Groups of young people are uniting and changing the situation in the most “difficult” villages of the country, using their own potential and resources

Georgian Ministry of Economy proposes Frontera Resources resolve dispute via negotiations

June 24, 2020

This took place after American congressmen vouched for the company and its activities in Georgia

Buying foreign currency in Azerbaijan? Explain why you need it

Coronavirus

June 22, 2020

Some experts say that a tightening of currency exchange legislation will lead to the growth of a black market

What kind of assistance is Armenia offering citizens to help mitigate the coronavirus crisis?

Coronavirus

June 18, 2020

All you need to know about the government anti-crisis programs, why the wealthy receive assistance while the poor do not, protecting labor rights and plans to improve the lives of the most vulnerable social groups

Armenia refuses loan from Russia to repair nuclear power plant

Nikol Pashinyan

June 12, 2020

The Armenian government will finance the modernization of nuclear power plants from its own funds

Coronavirus vs. business – video from Yerevan

Coronavirus

June 12, 2020

Businessman Sergey Sargsyan talks about his European cheese shop, how he held out during the period of severe emergency restrictions and what he faces now

Azerbaijan: how the pandemic will affect the environment

June 11, 2020

"Environmental requirements will decline and ecology will be sacrificed for the sake of the economy" Interview with environmental activist Javier Qara

Under lock: Armenian labour migrants cannot leave for Russia

Coronavirus

June 11, 2020

In 2020, due to the spread of the coronavirus and closed borders, tens of thousands of people were unable to leave for seasonal work. How will this turn out for the country's economy, and how are the authorities going to provide them with work

Foreign direct investment reduced by 42 percent in Georgia

June 10, 2020

The government maintains that the pandemic is the reason for the reduction in investment, while the opposition claims that it was caused by the distrust of foreign business in the Georgian justice system.

Georgia’s anti-crisis budget: expenditures cut by 600 mln, debt increases by 5 bln GEL

June 09, 2020

Parliamentary committees will continue to discuss budget adjustments.

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