On January 29, the National Statistics Office (NSO) of Georgia released new economic data, which shows that in 2015, the country’s GDP grew by just 2.8 percent, significantly less than its 4.6 percent growth from 2014 (Geostat.ge, January 29). In fact, for a lower middle... MORE

Following the devaluation of Azerbaijan’s national currency, the manat, in December 2015—the second in a year—the public has struggled to understand how this policy will affect their daily lives. The impact has become clearer during the first month of 2016: salaries have dropped dramatically, and... MORE

As oil prices have gone down significantly, the consequences may go well beyond the depreciation of the Russian ruble and Russia’s economic decline. Armenian Deputy Minister of Finance, Pavel Safaryan, recently stated that some of loans previously promised by Russia, including the $270 million loan... MORE

The Vice Prime Minister and Minister of Energy of Georgia, Kakha Kaladze, and a top official at the Russian energy giant Gazprom, Yelena Burmistrova, failed to reach an agreement during the latest round of talks in Vienna (Rustavi2, January 21). The Georgian Ministry of Energy... MORE

Azerbaijan, the third largest oil producer in the Commonwealth of Independent States (CIS) after Russia and Kazakhstan, shifted to a floating exchange rate regime on December 21, 2015, triggered by a rapid fall in oil prices. For the long term Azerbaijan had almost a constant... MORE

Tbilisi and Moscow’s negotiations over the expansion of Russian Gazprom’s share of the Georgian energy market heightened the political fever in the country over the last several weeks. The negotiations that started largely in secrecy in September 2015 (see EDM, October 21, 2015), have continued... MORE

The deterioration of Turkey-Russia ties on the one hand and Iran–Saudi Arabia relations on the other have been a major source of worry for the Azerbaijani authorities over the past year. The leadership officially acknowledged this concern last week (January 10) (APA, January 10). However,... MORE

Moscow’s plans to push through a law establishing criminal penalties for those who deny that the 1915 events in the Ottoman Empire were a “genocide” have sparked unusual dissent among members of the Azerbaijani diaspora in the Russian Federation. This, in turn, has raised speculation... MORE

Since the Bucharest summit of April 2008, when the North Atlantic Treaty Organization (NATO) pledged that Georgia (and Ukraine) “will become members of NATO” (Summitbucharest.ro, April 3, 2008), the South Caucasus country has achieved a number of important milestones on its path to closer integration... MORE

On December 23, Irakli Garibashvili resigned from his post as prime minister of Georgia (Channel 1 TV, Rustavi 2 TV, Imedi TV, December 23, 2015). The decision came as a surprise to Georgian society since, just two days earlier, Prime Minister Garibashvili boasted that his... MORE