Georgia’s foreign direct investment reached $1.68 billion in 2025, according to preliminary figures from the National Statistics Bureau. This represents a 7.6% increase compared to the previous year, though it’s a decline from the $2.22 billion recorded in 2022 and the $1.93 billion in 2023. The fourth quarter of 2025 saw $391.7 million in foreign…
Politics in Abkhazia – March 11, 2026 Opinion: Defining the Central Political Struggle in Abkhazia Today, Sukhum Abkhazia is currently attempting to revise its electoral system, shifting from a majoritarian model to a mixed (majoritarian-proportional) one. This change has ignited debate, with supporters and opponents existing within both the government and opposition groups. A Civic…
Michele Vitiello, Secretary General of the Italian Committee of the World Energy Council (WEC Italy), discussed key developments with the Report on March 4th. The conversation centered around the projected schedule for SOCAR’s acquisition of Italiana Petroli. He addressed the potential consequences of Azerbaijani investment on Italy’s refining industry, alongside the ramifications for the nation’s…
The IMF, Fitch Solutions, and S&P Global have all affirmed Azerbaijan’s projected economic growth, anticipating a moderate expansion. This positive outlook is largely driven by diversification efforts, with declines within the hydrocarbon sector being counterbalanced by growth in non-oil industries. The overall economic picture remains stable. Crucially, fiscal and financial stability within Azerbaijan are firmly…
On February 6th, Armenian Minister of Economy Geworg Papojan announced a significant development regarding trade between Armenia and Azerbaijan. He confirmed that two Armenian-produced goods – gasoline and diesel fuel – had successfully entered Armenia. Simultaneously, no Armenian goods had yet been exported to Azerbaijan. During a press conference, the minister highlighted the current state…
Rovshan Najaf, the president of Azerbaijan’s state oil company socar, recently asserted the need for a holistic strategy encompassing all energy sources during a World Economic Forum panel discussion on January 22nd, 2026. His central argument focused on how businesses can unlock available capital. Najaf stressed the importance of differentiating technologies within the framework of…