business in Caucasus

Baku to host German-Azerbaijani business forum

The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) will organize the German-Azerbaijani Business Forum “Energy and ICT in Azerbaijan” in Baku on October 9 with support of the German Eastern Business Association (Ost-Ausschuss …

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Azerbaijani oil prices increase

The price of the AZERI LT CIF oil amounted to $76.40 per barrel today, an increase of $0.22, novosti.az reported. At the same time, September Brent crude futures fell 25 cents (0.3%) to $74.72 a barrel by 0654 GMT after rising nearly 1% …

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Azerbaijan Business Center opens in Russia's Astrakhan

The opening ceremony of the Azerbaijan Business Center, initiated by the Heydar Aliyev Foundation, was held in Russia's Astrakhan today.   The opening ceremony was attended by Vice-President of the Heydar Aliyev Foundation …

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Arab businessmen ready to invest in Azerbaijan

The first Azerbaijani-Arab investment and business forum will be held in Baku on May 1-3, 2018, a source in business circles said. The forum will be organized by the Association for Cooperation of Azerbaijan and Arab Countries. …

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Israel-Georgia trade turnover to reach $1 billion

Trade turnover between Georgia and Israel will reach $1 billion over the course of the next five years, Georgia’s Economy Minister Dimitry Kumsishvili said at the meeting with the Minister of Economy and Industry of Israel, …

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Georgia's external trade increases by 16% this year

Georgia's external merchandise trade amounted to $1 683.5 million in January-February 2018, excluding non-declared trade (16.3% higher year-on-year), according to GeoStat. The exports equaled $446.4 million (25.5% higher), …

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Turkey widens free trade agreement with Georgia

Georgia and Turkey have agreed to widen an existing free trade agreement, so Georgian producers will soon be able to increase export volume to Turkey by 20%. The final round of negotiations was held Ankara, where delegations of …

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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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