Economy
US slaps 10% tariffs on Armenia, Azerbaijan, and Georgia
The move came despite the US having trade surpluses with all three countries.
Economy
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Caucasus Datablog
Datablog | More than half of all Georgians struggle to put food on the table
Though a decrease from 70% in 2015, the amount of Georgians experiencing food insecurity remains high.
Azerbaijan
Azerbaijan and Pakistan talk trade, energy, and joint defence production
Azerbaijani President Ilham Aliyev previously promised Azerbaijan would invest $2 billion into Pakistani initiatives.
Abkhazia
Russia cuts financial support to Abkhazia in ‘serious blow’ to relations
Abkhazia’s Foreign Minister has confirmed that Russia has cut financial support to Abkhazia for failing to enact pro-Russian reforms. Sergei Shamba told reporters on Tuesday that Russia had suspended the Socio-Economic Development Programme for Abkhazia two days earlier, on Sunday. Russian financial aid makes up a large proportion of Abkhazia’s government budget. The move comes amidst a growing rift between Abkhazia and Russia, with widespread public backlash over a number of measures push
Armenia
Russia claims Armenian strawberries and brandy ‘fail to meet regulatory standards’
Russian media have reported that a large amount of Armenian brandy, as well as a batch of Armenian strawberries, have failed to meet Russian standards. Armenian authorities have stated they have not received any official documentation from Russian authorities regarding these claims. On Wednesday, the Russian Mash Telegram channel reported that the ‘dangerous pesticide tebuconazole’ was found in a four-ton batch of strawberries exported from Armenia to Russia. The batch was selected for test
China
Opinion | Georgia’s one-sided relationship with China comes with significant risks
The Georgian Government has increasingly moved to strengthen relations with China, hailing the economic potential of the partnership including high-profile infrastructure projects. But despite the optimism, the relationship has so far remained almost entirely one-sided, and in fact, opens the country up to substantial new risks. Georgia’s foreign strategic alignment has been profoundly influenced by its geopolitical location, historical context, and aspirations for closer integration with West
Armenia
Bank of Georgia to acquire Armenia’s Ameriabank for $304 million
Bank of Georgia has reached an agreement to acquire Ameriabank, one of the largest banks in Armenia, for $303.6 million. Bank of Georgia Group, which is listed on the London Stock Exchange, announced its proposed acquisition of 90% of the Armenian bank on Monday. The agreement would allow the European Bank for Reconstruction and Development (EBRD) to retain its 10% share in the bank. The acquisition still requires approval by regulators, including the Central Bank of Armenia. Founded in 1
