Two years after the twice devaluation of the manat and three years after world oil prices plummeted, official statistics in Azerbaijan suggest a rosy picture of the economy. Meanwhile, local companies continue to shut down, each day adding more people to the country’s army of unemployed.
Georgia used to be a regional hub for importing and then re-exporting used cars across the Caucasus and Central Asia. Import tariffs from the Russian-led Eurasian Economic Union as well as regulations on older and right-hand drive cars have stripped the car markets of Rustavi of this valuable trade. [Read more…]