Business News and Analysis | Caucasus Business Journal

Azerbaijan's Hotel Nights Fall 6.6% in Nine Months as Revenue Edges Up

Azstat data show 3,239.3 thousand hotel nights in January to September 2026, down 6.6%, while revenue rose 0.6% to 497.3 million manats as room use fell to 23%.

October 30, 2026

Min

CBJ Business Desk

Armenia Moves Workers Earning Up to AMD 200,000 Into Health Insurance

Armenia's Cabinet approved bills to insure workers earning up to AMD 200,000 from 2027, with a AMD 10,800 monthly premium split between state, employer and worker.

October 30, 2026

Min

CBJ Business Desk

Armenia's 1,000 Largest Taxpayers Pay AMD 1.64 Trillion in Nine Months

Armenia's 1,000 largest taxpayers paid AMD 1,638 billion in January to September 2026, up AMD 199 billion, led by phone reseller Mobile Centre and the Zangezur copper combine.

October 29, 2026

Min

CBJ Regional Affairs Desk

Algeria Invites Azerbaijani Firms to Its 2026 Bid Round

Algeria invited Azerbaijani companies to bid for seven exploration areas holding an estimated 1.8 billion barrels, after its hydrocarbons minister met Azerbaijan's in Moscow.

October 29, 2026

Min

CBJ Business Desk

Russia to Admit Two Georgian Dairy Producers From November

Rosselkhoznadzor says two Georgian dairy processors will gain Russian market access from November, weeks after Moscow curbed Georgian drinks.

October 28, 2026

Min

CBJ Business Desk

EBRD Intends to Raise Caspian Shipping Investment

The EBRD intends to raise maritime investment on the Middle Corridor, its Azerbaijan head said, as forwarders said Aktau worked 10 of 60 winter days.

October 28, 2026

Min

CBJ Trade and Infrastructure Desk

Russia Halts Wine, Water Imports From Seven Georgian Firms

Russia suspended drinks from seven Georgian producers, including Tbilvino and Nabeghlavi. It bought 61.4% of Georgia's wine exports in January to July.

October 28, 2026

Min

CBJ Regional Affairs Desk