A storm in the Russian part of the Black Sea damaged the loading equipment of CPC, one of the world's largest oil pipelines that transports oil from Kazakhstan to world markets.

After the 44-day “Second Karabakh War” in 2020 in which Azerbaijan took back control over large swathes of territory in an around Karabakh held by Armenian forces for three decades, the leaders of the two countries began to make progress in moving towards a peace accord.

Investment in the construction of a solar plant with a capacity of 230 megawatts is estimated at $225-$240 million.

Georgia’s commercial banking sector reported a rise in net profit in amount of 303,305 million lari ($94,8 million) in the first two months of this year compared with 245,483 million lari in January-February 2021.