ISET

ISET Economist Blog

A blog about economics in the South Caucasus by ISET
Nov
11

Armenia Generates Windfall Profits for Georgia

When Armenia entered the Russia-dominated customs union in 2013, fear spread among the Georgian public and policy makers. It looked as if Georgia would be economically squeezed in between Russia and Armenia, the latter being one of Russia’s staunchest allies in the region and, given its geopolitical dependency on Russia, sometimes seen as a little more than a Russian agent. Being wary about Russia’s economic influence in the region, it was straightforward for Georgia to respond to this development by upgrading economic ties with our Western allies. There...
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