business in Caucasus

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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Georgia privatises 38 state-owned assets

Georgian Prime Minister Giorgi Gakharia said that 38 state-owned assets have already been privatised through the '100 investment projects for business' program. Speaking at a government meeting, he noted that …

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Gakharia summarizes 2019 in Georgia

Georgian Prime Minister Giorgi Gakharia has summarised 2019 at the governmental meeting today. He has cited the occupation and jobs as key challenges for the country, adding that the Georgian economy is advancing. …

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Will Pashinyan topple Tsarukyan?

Armenia's State Revenue Committee is demonstrating keen interest in the companies owned by leader of Prosperous Armenia party Gagik Tsarukyan. Vice-chairman of State Revenue Committee Edward …

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Investments in Georgia decreased by 17%

According to the data published by the National Statistics Service, from January to September, the volume of investments in Georgia amounted to $ 908.9 mln, which is 17% less than last year. At the same time, Turkey, Great Britain, USA, …

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Moscow hosts 10th Russia-Azerbaijan Interregional Forum

The 10th Russia-Azerbaijan Interregional Forum has opened in Moscow today. The event is co-organized by the Russian Ministry of Economic Development and Azerbaijan’s Ministry of Economy. The business programme will feature an …

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Georgia's new business ombudsman appointed

Georgian Prime Minister Giorgi Gakharia has appointed a new business ombudsman, Mikheil Daushvili, today. Mikheil Daushvili thanked Gakharia for trust and spoke about the main challenges in the …

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Conti International LLC quits Anaklia port project

The representatives of US Conti International LLC denied reports that the organization intends to cooperate with the Anaklia Development Consortium, which is constructing a deep-sea port in Georgia. Earlier, Levan Akhvlediani, head of …

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Azerbaijan ranks 34th in Doing Business 2020

Azerbaijan takes 34th place among 190 countries in Doing Business 2020 rating published by the World Bank. According to the WB report, Azerbaijan made improvements in areas of registering property, getting credit, protecting …

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Tbilisi court freezes 60% of Rustavi 2 TV shares

Tbilisi City Court has ruled that 60% of shares of TV channel Rustavi 2 be frozen after two founders of the channel filed a lawsuit against current owner Kibal Khalvashi last week. Khalvashi, who stated his shares …

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