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Russians' ruble deposits in Georgia increased amid rumors of military mobilization
Economy
Russians' ruble deposits in Georgia increased amid rumors of military mobilization
27 August 2026

The volume of Russian ruble deposits in Georgian banks has risen sharply amid fresh rumors of possible military mobilization in Russia. In July, the figure increased by almost a third over the month, reaching 98.6 million lari—approximately 3.1 billion rubles. Compared to July of last year, the volume of ruble deposits in Georgian banks has grown by 48.4%. This trend was highlighted by BPN, which analyzed statistics from the National Bank of Georgia.

Ingushetia has Russia's highest MTPL loss ratio
Economy
Ingushetia has Russia's highest MTPL loss ratio
18 August 2026

All regions of Russia's North Caucasus were among the country's regions where motor third-party liability insurance payouts, including insurers' operating expenses, reached or exceeded the amount of premiums collected. The most severe situation was recorded in Ingushetia, where the ratio reached 467%, according to data from the Russian Union of Motor Insurers (RUA).

Chechnya and Ingushetia rank among Russia's lowest regions for above-average salaries
Economy
Chechnya and Ingushetia rank among Russia's lowest regions for above-average salaries
18 August 2026

Chechnya and Ingushetia have ranked among the lowest Russian regions by the share of workers earning more than the national average. In both republics, only 5.8% of employees earn above the country's average salary, according to a study by RIA Novosti.

Economy
"The harvest on the trees can't wait": farmers in Armenia block highway
17 August 2026

Farmers from the villages of Khandjyan and Atsik in Armenia's Armavir region blocked the Armavir–Yerevan highway, demanding a solution to the problem of selling their peach harvest. Buyers are offering around 100 drams per kilogram—approximately 23 rubles—whereas farmers consider a price of at least 150 drams to be acceptable.

New car sales in Russia’s North Caucasus fall by 21%
Economy
New car sales in Russia’s North Caucasus fall by 21%
16 August 2026

New car sales across Russia’s North Caucasus fell by 21% in July compared with the same month last year. The sharpest decline was recorded in Dagestan, where the new-car market nearly halved over the year.

Pashinyan says Armenia may replace Russian operator of its railways
Economy
Pashinyan says Armenia may replace Russian operator of its railways
14 August 2026

Armenia is considering fully or partially replacing the Russian company that operates the country's railway network, Prime Minister Nikol Pashinyan said. Yerevan hopes to resolve the issue with Moscow through compromise rather than taking what he described as "sharp decisions".

Pashinyan says Armenia could trade electricity with Azerbaijan
Economy
Pashinyan says Armenia could trade electricity with Azerbaijan
14 August 2026

Armenia is prepared to buy electricity from and sell electricity to Azerbaijan, Prime Minister Nikol Pashinyan said, as the two countries move towards closer economic ties following years of conflict.

Makhachkala residents block road for third time in a week over power cuts
Economy
Makhachkala residents block road for third time in a week over power cuts
13 August 2026

Residents of Makhachkala have staged a spontaneous protest for the third time in a week over prolonged power outages. On the evening of Aug. 13, residents of Irchi Kazak Street blocked traffic, saying their homes had been without electricity for three days.

Georgia Aims to Turn the South Caucasus into an Energy Bridge to Europe
Economy
Georgia Aims to Turn the South Caucasus into an Energy Bridge to Europe
13 August 2026

Azerbaijan, Georgia, Turkey, and Bulgaria are discussing the creation of an overland route to supply electricity from South Caucasus nations to the European market. Inga Pkhaladze, Georgia’s Deputy Minister of Economy and Sustainable Development, outlined the initiative.

Azerbaijan says its side of infrastructure for Trump Route is largely complete
Economy
Azerbaijan says its side of infrastructure for Trump Route is largely complete
11 August 2026

Azerbaijan has largely completed construction of the road and rail infrastructure that is expected to connect with the Trump Route for International Peace and Prosperity (TRIPP) in Armenia, according to a joint statement by the United States, Azerbaijan and Armenia issued to mark the anniversary of their trilateral summit in Washington.