Russia accounted for only 9.8 percent of Georgia’s foreign trade in 2007, down 3.9 percent on 2006 figures, according to the state Statistics Department. Georgia exported USD 53 million worth of goods to Russia last year, while Russian exports to Georgia increased in value to USD 578.8 million.
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Arsen Kazaryan, chair of Union of Industrialists and Entrepreneurs of Armenia, recently said that the new Kavkaz–Poti ferry route has failed to offer real competition to Armenia’s other major Black Sea connection to Russia, the Ukrainian-run Ilichevsk–Poti ferry route.
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Azerbaijan generates 73–74 million kilowatt hours daily, according to vice president of energy company Azerenerji Marlen Askerov.
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“The Ossetians support Medvedev”
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