Armenia–Georgia Relations

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Armenia

Armenian civil society groups issue statement of solidarity with Georgian colleagues

by Arshaluys Barseghyan

•2 min read

A group of leading Armenian civil society organisations have released a statement expressing ‘strong solidarity’ with their Georgian counterparts, after Georgia’s authorities revived a controversial draft law targeting civil society organisations and the media. On Friday, more than 20 civil society organisations and individuals signed a statement asserting that the concept of ‘foreign influence’ was associated with ‘advancing conspiracy theories used for violations of human rights and prosecut

Armenia

Bank of Georgia to acquire Armenia’s Ameriabank for $304 million

by Arshaluys Barseghyan

•2 min read

Bank of Georgia has reached an agreement to acquire Ameriabank, one of the largest banks in Armenia, for $303.6 million. Bank of Georgia Group, which is listed on the London Stock Exchange, announced its proposed acquisition of 90% of the Armenian bank on Monday. The agreement would allow the European Bank for Reconstruction and Development (EBRD) to retain its 10% share in the bank. The acquisition still requires approval by regulators, including the Central Bank of Armenia. Founded in 1

Armenia

Georgian-Armenian yoghurt dispute threatens to sour relations

by Shota Kincha

•3 min read

Georgian customs have hindered the transit of Armenian matsun to Russia through Georgian borders, basing the restriction on the similarity of the product’s name to a local yoghurt. This week, the controversy surrounding matsun and matsoni resurfaced in Armenia and Georgia. The yoghurt-like dairy products both share similarities in production, taste, and name. According to Armenpress, the Armenian Ministry of Economy said Georgia had blocked the transit of Armenian matsun to Russia through