business in Caucasus

Biden prohibits U.S. investment in 59 Chinese companies

U.S. President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist. In an …

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Dagestan reduces shadow economy

According to the Ministry of Labor of Dagestan, the republic's authorities continue to work to reduce the shadow sector of the republican economy and achieve certain successes. Thus, according to open statistics, in 2020, more than …

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New political and energy crisis hits Georgia

The Defenders of the Rioni Gorge group of activists aiming to achieve complete closure of the most important Georgian energy project - the Namakhvani HPP - announced today indefinite protests that will take place not only at the construction site …

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Georgia lifts several COVID-19 restrictions

The Georgian government has announced the lifting of several coronavirus-related restrictions due to the decrease in daily infections.  Prime Minister Giorgi Gakharia said all public transport around the country will resume …

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Report: Karabakh separatism has no prospects

In post-war period, the Armenian population of Azerbaijan living in the zone of responsibility of the Russian peacekeepers has no alternatives left to full-fledged integration into the Azerbaijani economy: the separatist regime, which has been …

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Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House was registered in Azerbaijan, Director General of the Trade House, Azerbaijani businessman Rufat Rzayev said, according to Kazinform news agency. Among the goals of Kazakhstan’s Trade House is …

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Pandemic hinders investment, Turnava says

The coronavirus pandemic is hindering attracting new investments in the Georgian economy, the head of the country's Ministry of Economic Development, Natia Turnava said. According to her, private companies are looking for land and …

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Coronavirus retreats - shops reopen in Iranian capital

Iran allowed some businesses in the capital and nearby towns to re-open Saturday after weeks of lockdown aimed at containing the worst coronavirus outbreak in the Middle East, CTV News reports. Iran was slow to respond to the pandemic …

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