Georgian Dream, which until recently looked certain to win another victory in this year’s elections, now risks repeating last year’s mistake—only this time, the stakes are higher.

While Baku appears inclined to pursue a “business only” arrangement with the European Union, it’s unclear whether that would be acceptable for Brussels.

The Kremlin’s options include attempting to organize a coup in Yerevan, or applying economic pressure. Neither is particularly likely.

Widely viewed as the most powerful person in Georgia, billionaire Bidzina Ivanishvili has announced a political comeback ahead of fall elections.

Rapid geopolitical change is curtailing Russian power in the South Caucasus, boosting the influence of Middle Eastern countries and bookending the region’s “post-Soviet” history.

Despite their bloody history and repeated recent disappointments, a long-term accommodation between Armenia and Azerbaijan is within reach.