Edition:
United Kingdom

Margarita Antidze

EBRD sees 4.5% growth in Georgia in 2019, warns on external shocks

07 Jun 2019

TBILISI, June 7 Georgia's economy is expected to expand by 4.5% this year, supported by external demand, growing exports and tourism, the European Bank for Reconstruction and Development said.

UPDATE 1-Azeri SOCAR says net profit fell to $706 million in 2018

04 Jun 2019

BAKU, June 4 Azeri state energy company SOCAR said on Tuesday its net profit fell to 1.2 billion manats ($706 million) in 2018 from 2.1 billion manats a year earlier, while operating profit rose to 3.6 billion manats from 2.5 billion.

Georgia's ex-president swaps politics for life of an Airbnb landlord

13 May 2019

DUSHETI, Georgia Former presidents often take to the lucrative global lecture circuit, join the boards of major corporations, or set up their own foundations. Georgia's low key ex-president has taken a different path: becoming an Airbnb landlord.

Armenia's jailed ex-president: I'll join struggle against new leaders

08 May 2019

TBILISI Armenia's imprisoned former president Robert Kocharyan told Reuters powerful opposition forces were coming together to challenge the ex-Soviet state's new leadership soon, and that he hoped to be among them.

Bank of Georgia expects further growth in profit, lending

22 Apr 2019

TBILISI, April 22 Bank of Georgia Group Plc expects around 15 percent growth both in profit and lending in the medium term and feels confident in its capital adequacy position, the bank's chief executive said.

Georgia sees growth of at least 5 pct, plans local and foreign bond issues in 2019

29 Mar 2019

TBILISI, March 29 Georgia expects 2019 economic growth of at least 5 percent, and is looking at issuing sovereign bonds in its national currency as well as in U.S. dollars and euros this year, economy and sustainable development minister Giorgi Kobulia said.

Azerbaijan wants stable oil price before any further output cut

25 Feb 2019

BAKU, Feb 25 Azerbaijan, the third-biggest former Soviet oil producer, wants to see stability in oil prices before deciding whether to support any extension of global cuts in crude output, the country's energy minister said.

EBRD may start talks with Azeri IBA over privatisation in 2019

25 Feb 2019

BAKU, Feb 25 The European Bank for Reconstruction and Development may start discussions with the International Bank of Azerbaijan (IBA) over its privatisation later this year, the EBRD's manager in the South Caucasus country said.

BP to ramp up Azeri Shah Deniz gas output, sees flat ACG oil production

19 Feb 2019

BAKU BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli (ACG) oilfields this year, a senior regional official at the British oil major said.

Court ruling revives painful memories for Georgian deportees

12 Feb 2019

JIMITI, Georgia When Georgian mother Lia Shioshvili was expelled from Russia 12 years ago, she and her four young children had to spend two days out on the streets by the border, and then two weeks crammed into a basement where they slept on the floor.

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