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Azerbaijan

Nagorno Karabakh: EU allocates additional €3 mln in emergency aid to the civilians most affected by the conflict

2 mins read

The FINANCIAL — The European Commission has announced an additional €3 million in humanitarian support to ensure critical assistance to the civilians most affected by the conflict in and around Nagorno Karabakh. This funding comes on top of €900,000 allocated since early October when the hostilities started. Commissioner for Crisis Management, Janez Lenarčič, said: “The EU continues to stand by all the civilian population affected by the conflict. We are sending additional humanitarian assistance. I welcome the cessation of hostilities, which should prevent further human suffering. Nevertheless, I am extremely concerned about the humanitarian situation of the vulnerable people who are displaced…

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Nagorno Karabakh: EU allocates additional €3 mln in emergency aid to the civilians most affected by the conflict

2 mins read

The FINANCIAL — The European Commission has announced an additional €3 million in humanitarian support to ensure critical assistance to the civilians most affected by the conflict in and around Nagorno Karabakh. This funding comes on top of €900,000 allocated since early October when the hostilities started. Commissioner for Crisis Management, Janez Lenarčič, said: “The EU continues…

PM Gakharia held phone conversations with Pashinyan, Aliyev

1 min read

The FINANCIAL — Georgian Prime Minister Giorgi Gakharia and Armenian Prime Minister Nikol Pashinyan held a phone conversation on November 10. The parties discussed the situation around Nagorno-Karabakh, emphasizing the importance of the comprehensive ceasefire agreement and expressing hope of positive dynamics in the process of its implementation. The Prime Ministers pointed out the significance…

Karabakh: Amnesty International has verified the use of banned cluster bombs by Armenia

3 mins read

Amnesty International has verified the use of banned cluster bombs by Armenia for the first time in the current Nagorno-Karabakh conflict, following an attack on the city of Barda in Azerbaijan.…

Economic Opportunities of South Caucasus without Nagorno-Karabakh Conflict

13 mins read

The FINANCIAL -- Economic and political map and balance of power of the South Caucasus would have been completely different without this bloody and devastating Armenia-Azerbaijan conflict,” believes Farid Shafiyev, Chairman of the Baku-based Center of Analysis of International Relations. …

European Union welcomes humanitarian ceasefire between Armenia and Azerbaijan

1 min read

The FINANCIAL — The EU welcomes the agreement reached on 10 October on a humanitarian ceasefire between Armenia and Azerbaijan. The EU urges the sides to strictly abide by this agreement and calls on all actors, including external parties, to refrain from any actions that may lead to further casualties. In this respect, we note…

President Ilham Aliyev: There is no such thing as status-quo. It is over.

5 mins read

The FINANCIAL — “The people of Azerbaijan have repeatedly heard from mediators and leaders of some international organizations that there is no military solution to this conflict. I said that I do not agree with this thesis, and I was right. I was! Negotiations have been going on for about 30 years. Has the issue…

External Merchandise Trade of Georgia in January – August 2020

3 mins read

National Statistics Office of Georgia published preliminary data of the External Merchandise Trade of Georgia in January-August 2020. the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 7 022.8 million, 16.7 percent lower to the same period of 2019. The exports equaled USD 2 071.4 million (14.7 percent lower), while the imports stood…

Georgian domestic exports are down by 14.7% in Jan-Aug 2020

3 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Domestic exports of Georgia (January – August 2020). In January-August 2020 the exports of Georgia (excluding non-declared exports) equaled USD 2 071.4 million, 14.7 percent lower year-on-year. Share of the domestic exports in total export constituted 51.0 percent and amounted to USD 1 055.8…

Premium Chocolate Brand Rosali Sambar Planning to Export to Azerbaijan

7 mins read

The well-known Belgian premium chocolate brand Rosali Sambar is working to export its chocolates to Azerbaijan from Georgia, where they are produced. Director of Rosali Sambar David Mindiashvili says that currently negotiations are underway with ‘one of the largest companies in Baku, the capital of Azerbaijan.’ “As soon as the negotiation is over, it will…

EU launches new project to target organised crime in Eastern Partnership including Georgia

6 mins read

The FINANCIAL — A new Europol-led project, funded by the European Union, has been launched, focused on strengthening the capacity of Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to fight organised crime more effectively. The project will contribute to reducing crime and creating a safer living space for citizens in the region. As part of a larger…

UN and EU launch initiative for gender equality in Eastern Partnership including Georgia

5 mins read

The FINANCIAL — With support from the European Union, the two UN sister agencies will work with government bodies and civil society partners in six countries, including Georgia, to challenge deeply ingrained gender stereotypes, increase men’s involvement in domestic work and childcare, and engage with potential perpetrators to prevent gender-based violence. The programme aims at achieving real…

Top trading partners of Georgia (January – June 2020)

4 mins read

The FINANCIAL — National Statistics Office of Georgia published preliminary results of External Merchandise Trade of Georgia and The Domestic Exports in January – June 2020. Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 332.4 million, or 30.8 percent of total exports. In January-June 2020 the external merchandise…

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Zurabishvili Sworn-in as New President

2 mins read

The FINANCIAL -- Salome Zurabishvili, 66, was sworn in as Georgia’s fifth president for a six-year term on December 16 in an oath-taking ceremony in the eastern Georgian town of Telavi.…

The European Investment Bank to lend EUR 30m to TBC Bank

6 mins read

The FINANCIAL — The European Investment Bank (EIB) has agreed to lend EUR 30m to TBC Bank, the largest bank in Georgia, in order to broaden the access to finance of Georgian small and medium-sized enterprises (SMEs), which represent more than 90% of companies active in the country. The EIB funds will be provided in…