construction in Caucasus

GDP of Georgia rises by 2.7%

GDP of Georgia rises by 2.7%

The GDP of Georgia in 2016 amounted to $14.3 billion, exceeding the previous year’s figure by 2.7%, according to the information of the National Statistics Office of Georgia 'Geostat'. The GDP deflator was 4%. 9.9% of GDP …

New Armenian thermoelectric power station to ship electricity to Iran and Georgia

New Armenian thermoelectric power station to ship electricity to Iran and Georgia

The Armenian government approved today the signing of a framework agreement on the design, development, financing, construction, ownership and operation of a new thermoelectric power station (TPS) in Erebuni administrative district of Yerevan, …

Belarus to help building ice arena in Bakuriani

Belarus to help building ice arena in Bakuriani

Belarus is ready to help Georgia to erect an ice arena and a biathlon stadium at the mountain ski resort Bakuriani, the Belarusian President Alexander Lukashenko said during the meeting with the Georgian President Giorgi …

Tbilisi hosts #039Hydropower. Caspian and Central Asia#039 international congress

Tbilisi hosts 'Hydropower. Caspian and Central Asia' international congress

Georgia’s Tbilisi is hosting an international congress to discuss key topics of hydropower construction and operation in the regions of the Caspian Sea and Central Asia. Participants will present more than 40 plans for both …

Putin: infrastructure projects of North Caucasus should be completed by 2021

Putin: infrastructure projects of North Caucasus should be completed by 2021

Russian President Vladimir Putin expressed hope that authorities in the country’s southern territory of North Caucasus would complete main infrastructure projects to attract tourists by 2021.  "We all …

Ilham Aliyev attends groundbreaking ceremony of Ordubad HPP

Ilham Aliyev attends groundbreaking ceremony of Ordubad HPP

Azerbaijani President Ilham Aliyev attended a groundbreaking ceremony of Ordubad Hydroelectric Power Plant (HPP) today. The president was informed that the capacity of the plant will be 36 MW. The diversion-type …

Construction of pumping station in Makhachkala to be completed in six months

Construction of pumping station in Makhachkala to be completed in six months

The pumping station in Makhachkala will be built in June of this year, the Ministry of Construction of Dagestan informed. It is specified that the main purpose of this station is to bring the quality of drinking water supplied through …

 Mahmoud Vaezi: Iranian-Azerbaijani cooperation at high point

Mahmoud Vaezi: Iranian-Azerbaijani cooperation at high point

Relations between Iran and Azerbaijan have been at the highest level in the last quarter of a century, the Iranian Minister of Communications and Information Technology, Mahmoud Vaezi, said at the 11th meeting of the …

World Bank to allocate $800 million for TANAP

World Bank to allocate $800 million for TANAP

The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project. The loans will be supplied through the World Bank's …

Metallurgical complex to be built in Azerbaijan

Metallurgical complex to be built in Azerbaijan

A metallurgical complex will be built in Azerbaijan’s Sumgait city. The volume of investments for the establishment of a metallurgical complex, consisting of five plants, in Azerbaijan is estimated at 1.225 billion euros, the …

Asian Development Bank to upgrade water supply in three Georgian cities

Asian Development Bank to upgrade water supply in three Georgian cities

Georgia has been granted a $99 million loan to improve the water supply in three Georgian towns.

Korean companies ready to invest in Azerbaijan

Korean companies ready to invest in Azerbaijan

Korean companies are ready to cooperate in building petrochemical plants in Azerbaijan, Korea’s Extraordinary and Plenipotentiary Ambassador to Azerbaijan Kim Chang-gyu said during his meeting with a delegation led by the …

WB to decide on TANAP financing

WB to decide on TANAP financing

The World Bank (WB) will make a decision regarding financing of the construction of the Azerbaijani part of the Trans Anatolian Natural Gas Pipeline (TANAP) project until late November 2016, the WB Baku office said, AzerNews reported citing …

Iran to build hospital in Azerbaijan

Iran to build hospital in Azerbaijan

Iran plans to build a hospital in Azerbaijan, Iranian Ambassador to Azerbaijan Javad Jahanghirzadeh said. He noted that the hospital will be built on the initiative of the presidents of Azerbaijan and Iran, …

Azerbaijan to build gypsum plant in Iran

Azerbaijan to build gypsum plant in Iran

Azerbaijani company Matanat-A intends to build a gypsum plant in Iran, the Iranian ambassador to Baku, Mohsen Pak Ayeen, said at the Azerbaijan-Iran business forum. “We had a meeting with Matanat-A …

Yunus-bek Yevkurov about cooperation with Rosneft

Yunus-bek Yevkurov about cooperation with Rosneft

The next project of 'Rosneft' in Ingushetia is almost completed: this year a new kindergarten for 240 children with a swimming pool and a stadium for mini-football will be opened in the rural village of Ekazhevo. …

New stage of Shah Deniz project launched

New stage of Shah Deniz project launched

Shah Deniz Stage 2 project is of great importance for Azerbaijan, the country’s President Ilham Aliyev said at the Shah Deniz Stage 2 Production and Risers Platform Jacket Sail Away Event. "I congratulate …

Azerbaijan and Georgia to speed up construction of Baku-Tbilisi-Kars railway

Azerbaijan and Georgia to speed up construction of Baku-Tbilisi-Kars railway

Azerbaijan`s Foreign Minister Elmar Mammadyarov has met his Georgian counterpart Mikheil Janelidze as part of his official visit to Tbilisi, AZERTAC reported. The ministers exchanged views to …

Azerbaijan allocates 900K manats for road construction in Lankaran

Azerbaijan allocates 900K manats for road construction in Lankaran

Azerbaijani President Ilham Aliyev has signed an order on measures on construction of Liman-Narimanabad-Baligchilar motor road in Lankaran region, News.az reports. Under the order, AZN 900,000 was allocated from the …

Three building factories to be put into operation in Kaspiysk in 2017

Three building factories to be put into operation in Kaspiysk in 2017

Three building factories will be put into operation until the end of next year in Kaspiysk. At the moment, their construction is completed on 50%. The creation of industrial-building complex in Dagestani city was discussed at the …

Zira Juma Mosque construction is another Aydin Gurbanov#039s act of charity

Zira Juma Mosque construction is another Aydin Gurbanov's act of charity

Commissioning of the Zira Juma Mosque complex during the holy month of Ramadan could be considered to be a perfect gift for the residents. It …

Azerbaijan’s first lady Mehriban Aliyeva attends opening of Zira Juma Mosque complex

Azerbaijan’s first lady Mehriban Aliyeva attends opening of Zira Juma Mosque complex

Azerbaijan’s first lady, president of the Heydar Aliyev Foundation Mehriban Aliyeva and vice-president of the Foundation Leyla Aliyeva have attended the opening of Zira Juma Mosque complex after major …

Georgia announces competition for construction of airport

Georgia announces competition for construction of airport

Georgia announced competition for the construction-rehabilitation of the airport in Zugdidi (Western Georgia). "Association of Georgian airports invites companies to take part in the tender for the construction-rehabilitation of …

Agency for Entrepreneurship Dagestan and Caspian Invest Group agree on cooperation

Agency for Entrepreneurship Dagestan and Caspian Invest Group agree on cooperation

Agency for Entrepreneurship and Investment of Dagestan and Azerbaijan’s Caspian Invest Group signed an agreement on cooperation today in Baku. The document was signed by the head of Dagestan Magomedov …

Ivanishvili is ready to give projects of tourism sector to other investors

Ivanishvili is ready to give projects of tourism sector to other investors

Bidzina Ivanishvili does not have business interest or any goal to get benefit from these projects in Georgia, Irakli Karseladze, chairman of Supervisory Board of Co-Investment Fund has declared at the briefing held on …

State Housing Agency established in Azerbaijan

State Housing Agency established in Azerbaijan

Azerbaijani President Ilham Aliyev has signed a decree 'On establishment of the State Housing Agency under the President of Azerbaijan,' APA reports.   The decree approves the regulations on the State …

Petrocas Energy intends to start construction of gas stations in Georgia

Petrocas Energy intends to start construction of gas stations in Georgia

Petrocas Energy intends to open up to 50 compressed natural gas fueling stations in Georgia, Russian businessman David Yakobashvili, who is co-owner of Petrocas Energy, stated today. …

New metro station to be constructed in Tbilisi

New metro station to be constructed in Tbilisi

The new 'University' station will be constructed in the Tbilisi Metro in the Vake-Saburtalo district by 2017. The construction of the city's 23rd metro station was resumed in July 2015. The project, the total cost of which is more …

Italian company to build polyethylene plant in Azerbaijan

Italian company to build polyethylene plant in Azerbaijan

Azerbaijan’s state oil company SOCAR and Italy’s Maire Tecnimont have signed a contract for the implementation of an engineering procurement construction (EPC) contract to build a polyethylene plant in Azerbaijan. The contract, …

Rufat Mammadov: we increase ties between business circles of Russia and Azerbaijan

Rufat Mammadov: we increase ties between business circles of Russia and Azerbaijan

Azerbaijani authorities applied serious efforts to expand and strengthen ties between the business circles of Russia and Azerbaijan, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), Rufat Mammadov, …