Economics

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.

Masks, barriers, high prices: post-corona tourism in Georgia

Travel Georgia

June 06, 2020

The country is preparing to welcome its first tourists since the outbreak of the coronavirus pandemic

US oil exploration company Frontera accuses Georgia of ‘anti-Americanism’

June 05, 2020

What the American company wrote in a letter to the Georgian Prime Minister

Armenia: Three women saving their businesses from coronavirus

Coronavirus

June 02, 2020

The government has developed a stimulus programme for businesses affected by coronavirus – those who don’t qualify are finding ways to help themselves.

More than a thousand companies shut down in Armenia for violating commandant’s rules of conduct

Coronavirus

May 29, 2020

Surprise inspections are being conducted at all operating businesses. The police are monitoring citizens’ compliance with the new rules of conduct

Georgian gov't announces plan to support construction sector through crisis

Coronavirus

May 29, 2020

Many Georgians are protesting against the government initiative to subsidize interest on mortgages

Armenian government to help businesses starting from zero – yet another measure to overcome the consequences of coronavirus

Coronavirus

May 27, 2020

This is the 19th anti-crisis stimulus program to provide social and economic assistance to Armenian citizens

Georgia’s plans to rejuvenate tourism

Coronavirus

May 20, 2020

What to expect from July 1. The Georgian government's plans and expert opinions

The Georgian govt’s new plan to save agriculture

Coronavirus

May 13, 2020

One-time benefits, subsidies and grants should help farmers cope with the crisis

Georgia’s coronavirus crisis plan will help the unemployed, but 1000s will go without aid

Coronavirus

May 01, 2020

Without a recently valid contract, the unemployed will be illegible to receive aid

Banking confusion in Azerbaijan, and how it relates to coronavirus

Coronavirus

April 29, 2020

Some banks have closed, while others have enormous lines

Georgia: what fate awaits tourism?

April 27, 2020

Georgian tourism struggling to survive because of pandemic

Armenia: forecasts for business and the economy amid the state of emergency

Coronavirus

April 21, 2020

The country is trying to mitigate losses in the face of severe restrictions on the operation of enterprises. Is the government succeeding? And when can one expect the previous growth indicators - the opinion of economists, forecasts of international organizations

Oil and coronavirus – the troubles of the Azerbaijani economy

Coronavirus

April 17, 2020

The crisis has already affected many Azerbaijani citizens

No customs duties, but some restrictions: new export rules in the EAEU

April 06, 2020

The union, headed by Russia, decided not to export essential goods outside of its borders, so that in an emergency situation they can provide for their population

Azerbaijani president allocates $600 million to combat coronavirus’ impact – economists unhappy

Coronavirus

March 22, 2020

What exactly this $600 million will be spent on is still unknown.

How realistic is the Georgian gov’t economic stimulus program?

March 17, 2020

One expert’s evaluation of the government’s plans to bolster the economy in the fact of the coronavirus crisis

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