@scbankingreview.bsky.social
An annual comparative report on the banking sectors of the three South Caucasus nations: Armenia, Azerbaijan and Georgia. Learn more on our Substack: https://substack.com/profile/410563740-south-caucasus-banking-review
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Official Launch: The South Caucasus Banking and Investment Review 2025
Download a full PDF of the report below
substack.com
Officially launching today: The South Caucasus Banking & Investment Review 2025 📊
Georgia leads, Armenia rises, Azerbaijan stays stable.
If you invest in or watch the region, this is your guide.
📥 Download the full report: substack.com/home/post/p-...
#Armenia #Georgia #Azerbaijan
Georgia leads, Armenia rises, Azerbaijan stays stable.
If you invest in or watch the region, this is your guide.
📥 Download the full report: substack.com/home/post/p-...
#Armenia #Georgia #Azerbaijan
See Ivan Tchakarov’s latest op-ed unpacking the findings of the South Caucasus Banking & Investment Review in yesterday’s Eurasia Review:
www.eurasiareview.com/15122025-pea...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
www.eurasiareview.com/15122025-pea...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
Peace In The South Caucasus Could Redraw The Region’s Investment Map – OpEd
Peace could transform a forgotten frontier into a strategic crossroads, but investors will need to look beyond sovereign ratings to find real value. The peace framework between Azerbaijan and Armenia ...
www.eurasiareview.com
December 16, 2025 at 9:16 AM
See Ivan Tchakarov’s latest op-ed unpacking the findings of the South Caucasus Banking & Investment Review in yesterday’s Eurasia Review:
www.eurasiareview.com/15122025-pea...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
www.eurasiareview.com/15122025-pea...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
‘Who is leading the FinTech charge in the Caucasus, and how are the others responding?’
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Georgia #Azerbaijan #Investment #Banking #FinTech
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Georgia #Azerbaijan #Investment #Banking #FinTech
December 15, 2025 at 10:18 AM
‘Who is leading the FinTech charge in the Caucasus, and how are the others responding?’
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Georgia #Azerbaijan #Investment #Banking #FinTech
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Georgia #Azerbaijan #Investment #Banking #FinTech
See the latest coverage of the South Caucasus Banking & Investment Review in yesterday’s EU Reporter:
www.eureporter.co/world/south-...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
www.eureporter.co/world/south-...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
How peace and connectivity could redesign the South Caucasus economy
Anyone who has spent time in the South Caucasus knows how much of everyday life has been shaped by what isn’t possible. A short drive on a map becomes a day-long detour. A railway line that once carri...
www.eureporter.co
December 10, 2025 at 9:56 AM
See the latest coverage of the South Caucasus Banking & Investment Review in yesterday’s EU Reporter:
www.eureporter.co/world/south-...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
www.eureporter.co/world/south-...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
December 8, 2025 at 10:19 AM
How is Baku using its oil wealth and sovereign assets to diversify the economy and modernize its banking sector?
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Banking
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Banking
December 5, 2025 at 1:17 PM
How is Baku using its oil wealth and sovereign assets to diversify the economy and modernize its banking sector?
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Banking
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Banking
December 5, 2025 at 9:28 AM
December 2, 2025 at 1:33 PM
December 1, 2025 at 2:01 PM
What do your rankings reveal about the financial sector strengths and weaknesses of Armenia, Georgia and Azerbaijan?
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment
December 1, 2025 at 9:36 AM
What do your rankings reveal about the financial sector strengths and weaknesses of Armenia, Georgia and Azerbaijan?
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment
What underpins Georgia's success as a regional financial hub, and are there any risk factors that could challenge its lead?
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Finance #Banking
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Finance #Banking
November 28, 2025 at 4:08 PM
What underpins Georgia's success as a regional financial hub, and are there any risk factors that could challenge its lead?
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Finance #Banking
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
#Armenia #Azerbaijan #Georgia #Investment #Finance #Banking
Latest coverage of the South Caucasus Banking & Investment Review in Soy Armenio:
soyarmenio.com/sector-banca...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
soyarmenio.com/sector-banca...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
El sector bancario del Cáucaso Sur entra en fase de cambio: Armenia gana terreno y Georgia pierde ventaja - SoyArmenio
Nuevo informe revela que Armenia avanza rápido en banca y que la paz con Azerbaiyán redefine el mapa del sector bancario en el Cáucaso Sur.
soyarmenio.com
November 28, 2025 at 11:29 AM
Latest coverage of the South Caucasus Banking & Investment Review in Soy Armenio:
soyarmenio.com/sector-banca...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
soyarmenio.com/sector-banca...
#Armenia #Georgia #Azerbaijan #Fintech #Investment #Banking #Finance #SouthCaucasus
November 28, 2025 at 10:31 AM
Reposted
Some reporting here on Armenia's AI investment. I still don't understand what the project is actually going to *do*, but that's a me problem: eurasianet.org/armenia-nvid...
Armenia: Nvidia chip transfer approved, major AI project “confidently” moving forward
First phase of project to be ready in mid-2026.
eurasianet.org
November 22, 2025 at 3:00 PM
Some reporting here on Armenia's AI investment. I still don't understand what the project is actually going to *do*, but that's a me problem: eurasianet.org/armenia-nvid...
Reposted
New index from GlobalSource Partners compares the banking sectors and business environments of Armenia, Azerbaijan and Georgia. Bne IntelliNews #Georgia #Armenia #SouthCaucasus #Banking #Investment
Georgia leads South Caucasus for banking and investment, but Armenia is rising star
New index from GlobalSource Partners compares the banking sectors and business environments of Armenia, Azerbaijan and Georgia.
dlvr.it
November 27, 2025 at 3:05 PM
New index from GlobalSource Partners compares the banking sectors and business environments of Armenia, Azerbaijan and Georgia. Bne IntelliNews #Georgia #Armenia #SouthCaucasus #Banking #Investment
In the South Caucasus Banking & Investment Review 2025, Armenia emerges as the region’s standout fintech frontier market - powered by a supportive regulator, strong diaspora capital and a deep tech talent pool.
Read more:
scbankingreview.substack.com/p/armenias-f...
#Fintech #Investment #Banking
Read more:
scbankingreview.substack.com/p/armenias-f...
#Fintech #Investment #Banking
Armenia’s Fintech Frontier: Ecosystem Trends for Investors
The newly published South Caucasus Banking and Investment Review 2025, shows Armenia is emerging as a fintech frontier market in the South Caucasus.
scbankingreview.substack.com
November 28, 2025 at 9:42 AM
In the South Caucasus Banking & Investment Review 2025, Armenia emerges as the region’s standout fintech frontier market - powered by a supportive regulator, strong diaspora capital and a deep tech talent pool.
Read more:
scbankingreview.substack.com/p/armenias-f...
#Fintech #Investment #Banking
Read more:
scbankingreview.substack.com/p/armenias-f...
#Fintech #Investment #Banking
Latest coverage of the South Caucasus Banking & Investment Review in bne Intellinews: www.intellinews.com/georgia-lead...
#Georgia #Armenia #Azerbaijan #Investment #Banking #EmergingMarkets
#Georgia #Armenia #Azerbaijan #Investment #Banking #EmergingMarkets
Georgia leads South Caucasus for banking and investment, but Armenia is rising star
Georgia remains the dominant force in the South Caucasus banking and investment landscape, but neighbouring Armenia is rapidly emerging as a strong ...
www.intellinews.com
November 27, 2025 at 3:56 PM
Latest coverage of the South Caucasus Banking & Investment Review in bne Intellinews: www.intellinews.com/georgia-lead...
#Georgia #Armenia #Azerbaijan #Investment #Banking #EmergingMarkets
#Georgia #Armenia #Azerbaijan #Investment #Banking #EmergingMarkets
‘What does the report reveal about each countries’ financial strengths and weaknesses, and were any of the results surprising?’
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
November 27, 2025 at 2:42 PM
‘What does the report reveal about each countries’ financial strengths and weaknesses, and were any of the results surprising?’
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
Report Author Ivan Tchakarov, GlobalSource Partners’ Caucasus/Central Asia analyst, shares his thoughts:
November 27, 2025 at 9:51 AM
‘How might lasting peace open up growth and investment opportunities for Armenia and Azerbaijan?’
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
November 26, 2025 at 4:13 PM
‘How might lasting peace open up growth and investment opportunities for Armenia and Azerbaijan?’
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
November 26, 2025 at 9:25 AM
‘How are external alignments shaping the economic prospects of Armenia, Georgia, and Azerbaijan?’
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
November 25, 2025 at 2:36 PM
‘How are external alignments shaping the economic prospects of Armenia, Georgia, and Azerbaijan?’
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
Report Author Ivan Tchakarov (GlobalSource Partners) shares his thoughts:
scbankingreview.substack.com
www.facebook.com/profile.php?...
www.linkedin.com/company/sout...
x.com/SCBankingRev...
November 24, 2025 at 3:03 PM
In the South Caucasus Banking & Investment Review 2025 Georgia emerged as the highest-rated investment destination among Armenia, Azerbaijan and Georgia.
Find out why in our new Substack post: substack.com/home/post/p-...
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
Find out why in our new Substack post: substack.com/home/post/p-...
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
Why Georgia Ranks First for Investment but Faces a Credit Outlook Downgrade
Georgia and Azerbaijan have received mixed signals about their economic and investment attractiveness in the South Caucasus Banking and Investment Review 2025 published last Friday, 21st November 2025...
substack.com
November 24, 2025 at 11:41 AM
In the South Caucasus Banking & Investment Review 2025 Georgia emerged as the highest-rated investment destination among Armenia, Azerbaijan and Georgia.
Find out why in our new Substack post: substack.com/home/post/p-...
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
Find out why in our new Substack post: substack.com/home/post/p-...
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
The latest coverage of the South Caucasus Banking & Investment 2025 in Emerging Europe: emerging-europe.com/analysis/ban...
“Peace doesn’t just end a war; it creates a market” that investors can’t afford to ignore.
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
“Peace doesn’t just end a war; it creates a market” that investors can’t afford to ignore.
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
Banking on peace - Emerging Europe
A new study suggests the South Caucasus’s banking transformation has less to do with who’s winning now than who might win tomorrow. The South Caucasus has rarely been mistaken for a banking paradise. ...
emerging-europe.com
November 24, 2025 at 9:46 AM
The latest coverage of the South Caucasus Banking & Investment 2025 in Emerging Europe: emerging-europe.com/analysis/ban...
“Peace doesn’t just end a war; it creates a market” that investors can’t afford to ignore.
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
“Peace doesn’t just end a war; it creates a market” that investors can’t afford to ignore.
#Georgia #Armenia #Azerbaijan #Investment #Finance #EmergingMarkets
‘How are diaspora finance flows influencing the South Caucasus, and are there new initiatives tapping into this wealth?’
Report Author Ivan Tchakarov (GlobalSource Partners) comments
scbankingreview.substack.com
www.facebook.com/profile.php
www.linkedin.com/company/sout...
x.com/SCBankingRev...
Report Author Ivan Tchakarov (GlobalSource Partners) comments
scbankingreview.substack.com
www.facebook.com/profile.php
www.linkedin.com/company/sout...
x.com/SCBankingRev...
November 21, 2025 at 1:29 PM
‘How are diaspora finance flows influencing the South Caucasus, and are there new initiatives tapping into this wealth?’
Report Author Ivan Tchakarov (GlobalSource Partners) comments
scbankingreview.substack.com
www.facebook.com/profile.php
www.linkedin.com/company/sout...
x.com/SCBankingRev...
Report Author Ivan Tchakarov (GlobalSource Partners) comments
scbankingreview.substack.com
www.facebook.com/profile.php
www.linkedin.com/company/sout...
x.com/SCBankingRev...