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South Caucasus News

Vice President of Heydar Aliyev Foundation visits ICESCO headquarters


Vice President of the Heydar Aliyev Foundation Leyla Aliyeva has visited the headquarters of the Islamic World Educational, Scientific, and Cultural Organization (ICESCO) in Rabat, Morocco, Azernews reports.

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South Caucasus News

Rector: Information security has serious economic consequences


Information security is not merely a technological issue; it also has grave economic implications, Vilayat Valiyev, the rector of Azerbaijan Technical University, said at the opening ceremony of the training titled “New cyber defense methods supported by


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South Caucasus News

Borrell: GD’s Recent Actions Signal a Shift Towards Authoritarianism


Recent actions by Georgia’s ruling party “signal a shift towards authoritarianism”, stated Josep Borrell, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the European Commission on October 14, during a press briefing held following the EU’s Foreign Affairs Council meeting. He said the Council discussed Georgia and Moldova- two countries facing elections in the next few weeks.

“The ruling [Georgian Dream] party’s recent actions, statements and electoral promises take the country away from the European path and signal a shift towards authoritarianism. That is why the European Union accession process is de-facto halted,” noted Borrell, adding: “You know the decision taken by the [European] Commission from the point of view of access to European funding. Let’s wait for the upcoming Parliamentarian elections, which will be a crucial test for democracy in Georgia and its European Union path.”

He also stated that “Georgia is a bleaker picture” compared to Moldova, another aspiring EU member that awaits crucial elections this month. “Moldova is making significant progress on the European Union path despite increasing Russian intimidation. We see Russia is sparing no efforts to subvert the electoral process through hybrid attacks and widespread illegal vote buying. We commend the resilience of the Moldovan government in face of these unprecedented challenges, and we will continue to offer our support,” he emphasized.

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South Caucasus News

Caspian Construction Week kicks off in Baku: Hub for innovation and int’l collaboration


Caspian Construction Week has started in Baku, Azernews reports.

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South Caucasus News

Georgia’s Foreign Trade Up 3.7% in January-September 2024


On October 15, the National Statistics Service of Georgia (Geostat) published express data indicating that the external merchandise trade (excluding non-declared trade) of Georgia increased by 3.7% in January-September 2024 compared to the corresponding period of the previous year, amounting USD 16,779.0 million.

Source: Geostat

According to Geostat, Georgia’s external merchandise trade saw exports increased by 4.1% to reach USD 4.787 billion, while imports increased by 3.6% and totaled USD 11.992 billion. The trade deficit amounted to USD 7.206 billion, representing 42.9% of the overall trade turnover.

Geostat will publish the detailed data on external merchandise trade of Georgia on October 21, 2024.

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South Caucasus News

Hungarian PM Viktor Orban to attend COP29 in Azerbaijan


Hungarian Prime Minister Viktor Orban will represent Hungary at COP29, marking his third visit to Azerbaijan in less than a year, Hungary’s Ambassador to Azerbaijan, Tamas Torma, announced at an official reception in Baku celebrating Hungary’s National Day, Azernews reports.

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South Caucasus News

Pivotal moment for Georgians with future in Europe at stake – BBC.com


Pivotal moment for Georgians with future in Europe at stake  BBC.com

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South Caucasus News

Azerbaijan’s oil prices decline amid global market volatility


The price of Brent crude for December 2024 contracts fell slightly.

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South Caucasus News

BCG Involved in preparation of concept for development of Green Energy Zone in Azerbaijan’s Nakhchivan


Azerbaijan’s Ministry of Energy has engaged Boston Consulting Group International INC (BCG) in the process of preparing a Development Concept for the Green Energy Zone in the Nakhchivan Autonomous Republic (NAR)


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South Caucasus News

Envoy: UK froze dialogue with Georgia


The UK has frozen the dialogue with Georgia and canceled the defense talks, British Ambassador to Georgia Gareth Ward said, Report informs via TASS.