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CaucasusInvestment Group

Caucasus Investment Group

Research

Independent analysis of companies, markets, transactions and investment themes across the Caucasus.

15 OCT 2026 CIG Flagship Georgia CIG Flagship·Georgia·15 OCT 2026Georgia's Middle Corridor: Who Captures the Value?Testing the investment case behind Georgia's emergence as a trade and logistics gateway between Europe and Asia. 43 min

07 OCT 2026 CIG Research Armenia CIG Research·Armenia·07 OCT 2026Armenia's Technology Economy After the Boom: What StayedThe 2022 surge in Armenian growth was mostly re-exports and Russian money, and most of that has gone; the technology sector is the part that kept growing. 8 min

07 OCT 2026 CIG Research Azerbaijan CIG Research·Azerbaijan·07 OCT 2026Azerbaijan After Peak Oil: What the Non-Oil Economy Can CarryAzerbaijan's balance sheet is among the strongest in emerging markets, but oil output is falling, the oil fund now pays out more than it receives from oil and gas, and the non-oil economy has slowed just as it is asked to carry more. 11 min

07 OCT 2026 CIG Research Georgia CIG Research·Georgia·07 OCT 2026Georgia's Capital Markets: A Banking System with a Stock Exchange AttachedGeorgian finance is two very profitable banks, a local bond market that has started to work, and an equity market that exists mainly in London. 10 min