Economics

Coronavirus battering Armenia’s wine industry – and what’s being done to stop it

Coronavirus

August 13, 2020

The pandemic brought Armenian wine and brandy production to a halt. The producers’ losses will hit farmers, as they have a rich harvest of grapes, but factories are not in a position to begin purchasing

Coronavirus-affected tourism sector to receive aid from the Armenian government

Coronavirus

August 13, 2020

The assistance is intended for those companies that avoided layoffs during the crisis

“I took my grandmother and went to live in the village” – the story of a winemaker from the Georgian village of Khvanchkara. Video

Travel Georgia

August 13, 2020

History of a winemaker from Khvanchkara

Georgian restaurants and hotels fined up to $3,000 for violating anti-epidemic rules

August 05, 2020

Fines worth 3000 dollars have been imposed on a number of Georgia hotels and restaurants for violation of epidemiological safety requirements

Azerbaijan cutting education, science spending due to financial pressure of pandemic

Azerbaijan

August 04, 2020

The deteriorating economic situation due to the coronavirus epidemic and falling energy prices have forced Azerbaijan to amend the state budget for 2020

“We don’t care about skirt lengths". Dress code may disrupt tourist season in Dagestan

Coronavirus

August 04, 2020

Religious authorities warn guests about adhering to local customs

Conflict zone in East Ukraine – on the verge of ecological catastrophe and blue-collar brain drain

August 02, 2020

Closing coal mines in the self-proclaimed republics will turn these territories into a toxic wasteland

Abkhazia opens borders to Russian tourists despite coronavirus fears

Abkhazia

August 01, 2020

From the evening of August 1, Abkhazia opened entry and exit to Russia without any restrictions, even a certificate of absence of coronavirus is not required

Anaklia Development Consortium files lawsuit against Georgia in arbitration court

Anaklia

July 31, 2020

The consortium is demanding $1 billion from Georgia in compensation.

Georgian gov’t decides not to terminate contract with American oil and gas company Frontera

July 24, 2020

Georgian Minister of Georgia: Several US congressmen are involved in the campaign conducted by American company Frontera Resources

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

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