Georgian media reports that the Georgian National Commission for Energy and Water Supply and Austrian E-control agency have presented the project on "Encouraging electricity tariff methodology".
Chairman of the commission, GuramChalagashvili said that the project aims to improve the regulation of the energy sector in Georgia, bringing the system in line with European standards.

• October 29, 2012

Pakistani Consul General to Mashhad Qazi Habiborrahman said on Sunday Paksitan is willing to enhance trade with Iran despite the western sanctions, IRNA reported.

• October 29, 2012

Iraq's Karbala Governor-General who is visiting the Holy City of Qom, Kamal ul-Dinn Majid al-Hor elaborated in a joint meeting with the officials and managers of the selected industrial companies and also selected exporters on his visit to Salafchagan zone, IRNA reported.

• October 29, 2012

Hungary would like to import gas from Azerbaijan and Georgia, said Hungarian Prime Minister Viktor Orban.

• October 27, 2012

On 7-8 November, Indonesian island of Lombok will host the ASEAN Tourism Investments Forum.

• October 27, 2012

US believes that India has took a "smart long term strategy" by reducing import of oil from Iran and both countries share a "strategic aim" with regard to Tehran's nuclear ambitions.

• October 27, 2012

In this research, we attempt to take a more pragmatic approach towards the topic of the conflict resolution process between Armenia and Azerbaijan over Nagorno-Karabakh. We believe this process remains in a dangerous state of stalemate at the time of writing. More specifically, we ask whether economic incentives could help break the current deadlock. In order to do this, we posed a series of questions to a notable range of international experts familiar with the conflict, asking as to whether an approach towards conflict resolution where Armenia would return some land to Azerbaijan in return for the latter providing access to regional energy and infrastructure projects could contribute towards breaking the stalemate. The “return of land”, in the context of our research, refers primarily to the seven districts of Azerbaijan which Armenian forces took during the Karabakh war of the 1990s and which remains under Armenian control to this day. We do not assume the “return of land” to mean the return of the Nagorno-Karabakh enclave itself. At the outset of our research, we were optimistic that the “economic incentives” approach could offer a fresh dimension to conflict resolution in relation to the current stalemate over Nagorno-Karabakh. We felt that all parties could exercise a degree of “Caucasus pragmatism” if the right arguments were appropriately presented to governments and public, bearing in mind the widespread desire to see the region “take off” economically. Click here to read more.

• October 27, 2012

Few states are as eager to increase trade with Russia as Georgia, the home of corporate giants Coca-Cola Co. and Delta Air Lines and more than 3,600 international facilities from 60 countries.

• October 26, 2012