Business

Yerevan Apartment Sales Nearly Double as Construction Drives Growth

Yerevan Apartment Sales Nearly Double as Construction Drives Growth

Apartment transactions in Yerevan nearly doubled in July and city-centre prices rose 12.7% year on year, as construction expanded 26.5% to become Armenia's main growth driver.

September 22, 2026
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US Investment in Azerbaijan Jumps 47% as China and Russia Expand Too

US Investment in Azerbaijan Jumps 47% as China and Russia Expand Too

US foreign direct investment into Azerbaijan rose 47% in the first half of 2026, while Chinese investment grew 14% and Russian investment nearly doubled, according to central bank data.

September 22, 2026
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Trump Tower Tbilisi Launches, Anchoring a $2bn Archi-Led Development

Trump Tower Tbilisi Launches, Anchoring a $2bn Archi-Led Development

The Trump Tower Tbilisi project held its global launch in the Georgian capital, anchoring a roughly $2bn, 600,000-square-metre development led by local builder Archi Group.

September 22, 2026
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Georgia's Exports Jump 22.1% to $5.42bn as Trade Gap Widens to $7.08bn

Georgia's Exports Jump 22.1% to $5.42bn as Trade Gap Widens to $7.08bn

Geostat data show Georgian exports up 22.1% to $5.42bn in January-August 2026 while imports rose just 3.4%, leaving a $7.08bn deficit and Kyrgyzstan as the top market.

September 22, 2026
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Georgia's Q2 GDP Hits $10.5bn as Real Growth Eases to 6.9%

Georgia's Q2 GDP Hits $10.5bn as Real Growth Eases to 6.9%

Geostat's preliminary Q2 2026 estimate puts Georgian GDP at GEL 28.15 billion ($10.51 billion), up 6.9% in real terms, with transport and IT leading and construction and agriculture contracting.

September 20, 2026
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Armenia Approves Doubling of Top Officials' Pay at AMD 25bn Cost

Armenia Approves Doubling of Top Officials' Pay at AMD 25bn Cost

Armenia's government approved a draft law on 17 September doubling salaries for senior state posts from January 2027, adding more than 25 billion drams ($69 million) to the budget. Parliament must still approve it.

September 20, 2026
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Moscow Accuses Armenia of 'Hostile Takeover' of Russian Business Assets

Moscow Accuses Armenia of 'Hostile Takeover' of Russian Business Assets

Russia's Security Council and Foreign Ministry accused Yerevan of a hostile takeover, putting Russian Railways' Armenian investment at 30 billion rubles since 2008.

September 19, 2026
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Trump Tower Tbilisi Launches as Anchor of $2bn Downtown District

Trump Tower Tbilisi Launches as Anchor of $2bn Downtown District

The Trump Organization and Archi Group unveiled a 62-storey, 280m tower anchoring a $2bn six-tower district, with debt financing from TBC Bank and Bank of Georgia.

September 19, 2026
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