The Azerbaijani army has made substantial territorial gains in the enclave of Nakhchivan, taking 11,000 hectares of land from Armenia, the defence ministry in Baku announced in a video posted on its website on June 20.
Commitment of EU’s major powers to salvaging nuclear deal starting to look rather feeble.
Observers see move as another development in President Jeenbekov’s struggle to purge the influence of his predecessor Atambayev.
As the nuclear deal threatens to entirely unravel, stable assets are in short supply forcing many investors to take a punt on shares.
Remote nation’s economy has long been known as a basket case but with observers now placing it on “hyperinflation watch” the situation is beyond dire.
Government price-fixing measures fail to stop big hikes in the cost of living as US sanctions on horizon start to take an inflationary toll.
Likely successor to Giorgi Kvirikashvili declares his administration would achieve Georgia's Euro-Atlantic dream.
Two weeks of protests have put Giorgi Kvirikashvili under heavy pressure to stand down but his departure seems to have been finally precipitated by a disagreement with his predecessor Bidzina Ivanishvili, who recently returned to politics.
EBRD economist highlights sharp rise in corporate indebtedness especially in foreign currencies, putting economies at risk from a currency depreciation or growth slowdown.
Pipeline to help EU diversify away from over-reliance on Russian gas as part of 3,500-km corridor.
Astana has $13bn of deals to celebrate but summit again showed Russia and China’s struggle for influence in the ‘Stans’ is far from settled.
Ordinary Iranians discover the now-banned unofficial exchange market lives on in back offices, but the rates are punishing.
Despite news of Europe sending a formal request to the US for sanctions waivers, there is little good news from the effort to salvage the accord.
Bond markets in Eastern Europe were as dead as the proverbial Dodo in May, continuing the slowdown already seen after the US imposed new sanctions on Russia in April.
Rating agency Fitch forecasts Beijing's deleveraging efforts will slow Chinese GDP growth, with a negative impact on countries that supply the Asian economic giant with raw materials.
Pressure on the Georgian government is growing as thousands join rallies to demand justice for David Saralidze who was killed in a brawl outside his school.
State reportedly to take full ownership of flagship automaker described by president as failing to create jobs and unprofitable.
As economic jitters amid US hostility spread, people looking for safer assets turn to real estate.
Move will fuel suspicions among opponents of President Jeenbekov that he is intent on consolidating his power by purging allies of his predecessor.
Tempest sucks up dried-out parts of the former water mass, poisons crops and hits livestock herds.