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South Caucasus News

Deputy minister: Energy sector accounts for 70% of carbon emissions in Azerbaijan


Seventy percent of greenhouse gas emissions released into the environment in Azerbaijan come from the energy sector, Deputy Minister of Energy and Chief Executive Officer of COP29 Elnur Soltanov said at the Baku Climate Action Week, Report informs.


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South Caucasus News

Baku Climate Action Week promises to be fruitful, says UK ambassador


The upcoming Baku Climate Action Week promises to be a highly productive and engaging event, according to Fergus Auld, the UK Ambassador to Azerbaijan.


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South Caucasus News

Economy Minister: Global fossil fuel subsidies reach $7 trillion


According to the International Monetary Fund’s report of 2023, global fossil fuel subsidies have reached $7 trillion, which accounts for approximately 7.1% of global GDP, Azerbaijani Minister of Economy Mikayil Jabbarov said at the Baku Climate Action Wee


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South Caucasus News

Value of e-commerce market in EAEU amounts to $82B


The e-commerce market volume in the EAEU is $82 billion, and this figure will grow by 30% by 2030


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South Caucasus News

Mayor Kaladze: GD Welcomes Moscow’s Offer to Aid Ties with Occupied Territories


Tbilisi Mayor and GD Secretary General Kakha Kaladze reported that the Georgian Dream government “positively assessed” Russian Foreign Minister Sergei Lavrov’s statement that Moscow was ready to “help” Georgia “normalize relations” with “neighbors” Abkhazia and Tskhinvali, if they were “interested”.

“As for the statement of the Russian Foreign Minister, our government, of course, evaluates it positively. The fact that Russia only welcomes and supports reconciliation is certainly positive, although I would say that it would be good to take concrete steps in parallel with these statements,” Kaladze said, stressing that these concrete steps could begin, for example, with Russia withdrawing its military bases from the occupied Georgian territories.

“…I repeat once again that the Government of Georgia will do everything possible to restore the trust of our Ossetian and Abkhaz brothers and sisters in each other, and only through peace and mutual forgiveness is it possible to restore territorial integrity and live together,” said Kakha Kaladze.

Minister Lavrov’s statement also noted that to “normalize” relations between Georgia and its occupied territories, Georgia must “ensure non-aggression agreements.” The non-aggression agreement, or non-use of force, that Lavrov mentioned is the issue that Russia has been pushing hard for in the Geneva talks. Such an agreement would recognize Abkhazia and Tskhinvali as sides in the conflict, and thus as subjects of international law. Kaladze made no comment on that.

The de-facto foreign ministry of occupied Abkhazia issued a statement in response to Kaladze’s comment, saying that the Georgian government should first “establish diplomatic relations with Russia” instead of talking about “mythical concepts” such as the territorial integrity of Georgia. The Abkhaz side underlined the importance of their “strategic cooperation”, including the agreements with Russia on the Russian military base and the joint protection of the occupation line in Abkhazia.

“As for the possibility of establishing some kind of relations with the neighboring state of Georgia in the future, our position remains unchanged. Georgia must recognize the republic of Abkhazia as a sovereign and independent state and sign a legally binding document on the non-use of force,” reads the occupied region’s statement.

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South Caucasus News

Georgia’s GDP Up by 12% in August 2024


Georgia’s estimated real Gross Domestic Product (GDP) growth rate amounted to 12% for August 2024 compared to the corresponding period of the previous year, according to the rapid estimates released by the National Statistics Office of Georgia on September 30.

According to Geostat, the following activities contributed significantly to growth: professional, scientific and technical activities; information and communication; construction; financial and insurance activities; real estate activities; and trade. Decline was registered in energy sector.

Source: Geostat

According to Geostat, the average real GDP growth for January-August 2024 equaled 10%.

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South Caucasus News

President Ilham Aliyev attends unveiling of Ashig Alasgar’s monument in Baku


On September 30, President of the Republic of Azerbaijan Ilham Aliyev, along with his son Heydar Aliyev, participated in the unveiling ceremony of a monument dedicated to the prominent figure of Azerbaijani ashug art and great folk artist, Ashig Alasgar,


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South Caucasus News

President Ilham Aliyev attends unveiling of Ashug Alasgar’s monument – Trend News Agency


President Ilham Aliyev attends unveiling of Ashug Alasgar’s monument  Trend News Agency

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South Caucasus News

Sakartveloa! How a Georgian summer hit managed to rally a divided country – The Guardian


Sakartveloa! How a Georgian summer hit managed to rally a divided country  The Guardian

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South Caucasus News

Sakartveloa! How a Georgian summer hit managed to rally a divided country – The Guardian


Sakartveloa! How a Georgian summer hit managed to rally a divided country  The Guardian