business in Caucasus

Azerbaijan's Tax Code to be amended

Azerbaijan's Ministry of Taxes is developing a new package of amendments to the Tax Code, the republic's Minister of Taxes Mikayil Jabbarov said at the 'Taxes. Transparency. Development' conference. …

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Georgia joins EU state tenders' search platform

Georgia has joined the European Union state tenders' search platform, Opendender, which launches officially today. Opentender allows the user to search and analyse tender data from 35 jurisdictions. These jurisdictions …

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Is tycoon revolt coming in Armenia?

Armenia's tycoons are worried that Armen Sargsyan, nominated as its presidential candidate by the ruling party, will appear in the country’s business life, local media reported. "They are convinced …

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4.7 billion rubles to be invested in Kaspiysk

According to the government of Dagestan, two large investment projects amounting to 4.7 billion rubles will be implemented in Kaspiysk. The both of them will be built on the Uytash investment site, where the infrastructure necessary for them is …

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China starts free trade with Georgia

Georgia officially established a free trade regime with China, in accordance with an agreement signed in May last year.  From now on, many Georgian goods will be exported to China and its market of 1.4 billion consumers, with …

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US Congressman calls for sanctions against Ivanishvili

Representative Steve Russell, Republican of Oklahoma, introduced the Georgian Fair Business Practices Sanctions Act, which is a response to several examples of the Government of Georgia violating contracts with U.S. entities and …

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EU praises Azerbaijan potential in development of SMEs

Azerbaijan has great potential for the development of small and medium-sized businesses (SMEs) and the achievement of European indicators in this area, the head of Operations Section at the EU mission in Baku, Jeroen Willems said …

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 Tbilisi hosts Silk Road Forum

Georgia's capital Tbilisi is hosting the second Silk Road Forum. On November 28-29, government representatives and business leaders from more than 60 countries and more than 500 foreign companies are participating in two-day forum. …

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Russian and Azerbaijani businessmen to meet in Baku

A business meeting between Azerbaijani and Russian businessmen will be held in the Baku Business Center on November 16, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said in a message. The meeting was organized …

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 Azerbaijan becoming more attractive for business

Azerbaijan is among notable reformers in Europe and Central Asia region, the World Bank said in its Doing Business 2018 report. Azerbaijan ranked 57th among 190 countries in the Doing Business 2018. The distance to frontier score stood …

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Baku-Tbilisi-Kars railway officially launched

The Baku-Tbilisi-Kars (BTK) railway has been officially opened in Baku today. Azerbaijani President Ilham Aliyev, Turkish President Recep Tayyip Erdogan, Kazakh Prime Minister Bakytzhan …

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Ivanishvili increases his wealth by $300 million

Former Prime Minister of Georgia Bidzina Ivanishvili increased his wealth by $300 million last year, according to the Bloomberg Billionaires Index. Ivanishvil's wealth is estimated at $5.72 billion (the 305th …

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