manufacture in Caucasus

Armenia produces less strong drinks, more beer

Armenia’s output of strong drinks, including vodka, brandy, whiskey, champagne and wine, have shrunk over the first ten months of this year, the National Statistical Service reported.  According to the report, vodka output …

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Georgia's economy grows 4%

Georgia's economy grew 4% year-on-year in the third quarter of 2018 and 4.9% in the 9 months of 2018, the National Statistics Office of Georgia (Geostat) reported. The estimated real gross domestic product (GDP) growth rate in …

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Russian company sells Armenian gold mine

Polymetal, one of Russia's largest gold and silver miners, decided to sell its Armenian Kapan mine to Kyrgyzstan-based Chaarat Gold Holdings for $55 million, the company said. Polymetal is a top-20 global gold producer and …

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Service center for Russian helicopters opens in Baku

The joint service center of the 'Helicopters of Russia' holding and the Azerbaijani Silk Way Helicopter Services commercial helicopter company has started operating. The center has already repaired the Mi-8AMT helicopter, the …

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Azerbaijan and Israel start manufacturing new UAV

Azerbaijan's  AZAD Systems Cohas and Israeli company Aeronautics have started production of a new unmanned aerial vehicle (UAV) - 'Pegasus 120'. The new UAV is capable of carrying up to 75 kilograms …

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Industrial event of the year in Azerbaijan

A polypropylene plant built within the SOCAR Polymer project in Sumgait Chemical Industrial Park was opened yesterday. The opening ceremony was attended by Azerbaijani President Ilham Aliyev and …

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Protesters block road to Armenia gold deposit

Dozens of protesters in Armenia blocked a road to the country's largest gold deposit near the Sotq town, GeoProMining Gold company, which is engaged in mining of precious metals in the republic, said. "From May 17 to 18, …

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 Azerbaijan to produce rose oil

Azerbaijani President Ilham Aliyev has got acquainted with the rose oil producer factory of company AzRose, which is being constructed in Zagatala. The plant occupies a total area of 3 hectares. It will be allotted …

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