The announcement that American real estate mogul Donald Trump intends to build in Tbilisi has many Georgians hoping that the country’s foreign-investment woes are over.
On September 22, Trump signed a letter of intent with the Silk Road Group, a multinational development company founded by Georgians, covering the construction of a residential building in Tbilisi.
The existence of multiple exchange rates for foreign currency in Uzbekistan is stifling economic activity. The case of Sanobar, a former merchant, helps illustrate how government currency policies are putting the squeeze on budding entrepreneurs.
In a large grassy field a few kilometers from Georgia’s Black Sea port of Poti lies a Free Industrial Zone that Georgian President Mikheil Saakashvili in 2008 predicted would help transform Georgia into the “Dubai or Singapore” of the Caucasus. Now, more than two years later, the Poti zone is under pressure to meet those expectations.
BAKU -- On the drive between Baku's international airport and the capital center, travelers are met by a brigade of sleek roadside signs advertising a company called SW Holding.
But as innocuous as the posters may appear, they represent a company that enjoys a near-complete monopoly over every aspect of airline service.
Having already been pummeled by rising fuel prices and political instability in recent months, the creation of a Customs Union among Belarus, Kazakhstan and Russia threatens to deal yet another economic blow to Kyrgyzstan, and is exerting pressure on Bishkek to decide whether to cast its lot with Moscow or the West.
American real estate mogul Donald Trump is considering investments in Tbilisi and the Georgian port city of Batumi, a senior executive at The Trump Organization told EurasiaNet.org.
Baku may still sport all the signs of energy wealth, but, after an almost decade-long boom, the International Monetary Fund is cautioning that Azerbaijan’s oil sector no longer has enough muscle to power economic growth alone.
The harshest winter in decades is plunging Tajikistan into a socio-economic crisis, as officials find themselves squeezed in a tightening vice of tough choices. The country currently is grappling with an energy emergency, with some areas now left totally without electricity.
The harshest winter in decades is plunging Tajikistan into a socio-economic crisis, as officials find themselves squeezed in a tightening vice of tough choices. The country currently is grappling with an energy emergency, with some areas now left totally without electricity.
