World Bank’s Country Economic Memorandum on Georgia
The research emphasized that, despite the COVID-19 epidemic, Georgia has managed good economic development in the previous ten years.
World Bank’s Human Capital Review on Georgia
According to the statement, Georgia's economy has expanded dramatically over the past ten years, resulting in considerable decreases in poverty and growth in the middle class.
World Bank Invested $4.3 Billion in Georgia over 30 years
During a meeting between Georgian Finance Minister Lasha Khutsishvili and Sebastian Molineus, the World Bank Regional Director for the South Caucasus, and Miguel Eduardo Sanchez Martin, the new World Bank Program Manager for the South Caucasus, current and future World Bank-supported projects in Georgia were reviewed.
World Bank assessed prospects of South Caucasus
The transformation of the Transcaucasian Transport Corridor (Caucasus Transport Corridor, STS) into a global logistics route requires a serious development of cargo transhipment services and an increase in cargo traffic along it, according to the World Bank (WB).
Iran and Azerbaijan continue to build power plants on Araz River
Iran and Azerbaijan agreed that more than $22 million would be needed to complete the work and that the contract for the power plants would be determined by the World Bank
Recent economic developments in Azerbaijan
Azerbaijan and World Bank considering collaborating on projects. Azerbaijan and France are looking to collaborate on renewable energy. Azerbaijan and France want to expand the Southern Gas Corridor.
Recent economic developments in Georgia
Programs worth USD 509 million have been approved by the World Bank. Georgia doubles FDI to $1.153 bln in 2021.
Recent developments regarding Azerbaijan
Azerbaijan undertook to repair the gas pipeline from Armenia to the Nagorno-Karabakh. Azerbaijan opens border with Dagestan. Mission of UN, EU, WB visit Azerbaijan. UK reaffirms strategic partnership.
In 2022-23, World Bank predicts decrease in economic development in South Caucasus
Economic growth in Europe and Central Asia (which includes the South Caucasus) is expected to decline to 3% in 2022 as internal demand stabilises, and to 2.9% in 2023 as foreign demand plateaus and commodity prices weaken, according to the World Bank.
World Bank grants Azerbaijan loan
The World Bank will provide Azerbaijan with a $65 million loan to fund a regional connectivity and development project aimed at providing safe, efficient, and climate-resilient transportation connectivity and improving market accessibility in the country's southern region.
fDi Intelligence report on the investment possibilities in Georgia
While reforms have boosted Georgia’s attractiveness as a business destination, “they cannot fix one of the country’s major drawbacks: its population of just 3.7 million has limited appeal as a consumer market.”
ARTICLES IN ENGLISH»
Ramzan Kadyrov Addresses World Muslims, Pope's Apology, His Chance to be Elected Russian President, "Zelenskyy's Trial in Chechnya"
ICG on the War in Ukraine and Its Impact on Armenia and Azerbaijan
Recent Political, Social, and Economic Changes in Nakhchivan
Georgian Parliament Speaker Suspends MPs’ Visits to Saakashvili
Ilham Aliyev Addresses Zangazur Corridor and Energy Capacity of Azerbaijan in New Year Speech
MEISTGELESEN
AKTUELLES
Ramzan Kadyrov Addresses World Muslims, Pope's Apology, His Chance to be Elected Russian President, "Zelenskyy's Trial in Chechnya"
ICG on the War in Ukraine and Its Impact on Armenia and Azerbaijan
Parlamentspräsident von Georgien setzt Besuche von Abgeordneten bei Saakaschwili aus
Ilham Alijew spricht in seiner Neujahrsrede über den Zangazur-Korridor und die Energiekapazität Aserbaidschans
Großbritannien, VAE, Russland und Albanien verhindern Frankreichs Initiative zum Latschin-Korridor im UN-Sicherheitsrat
OPINION
The Hidden Crisis of Georgia’s Nongovernmental Sector
Azerbaijan in the post-oil era: COVID-19 impact on the economy
Political polarization and hate speech in Armenia after the Velvet Revolution
Georgian Media as a Fake News?
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