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Armenia fines Coca Cola

FEB. 26 2016 (The Conway Bulletin) – An Armenian government agency slapped a 50m dram ($102,000) fine on Coca Cola Hellenic Bottling Armenia for unfair competition. Armenia’s State Commission for Protection of Economic Competition found Coca Cola Hellenic guilty of “creating barriers to entry of competitors into the market.”

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on  March 4 2016)

 

Georgian miners end strike

MARCH 1 2016 (The Conway Bulletin) – Around 1,000 miners at the Tkibuli mine in central Georgia ended their two-week long strike after agreeing a pay rise with Georgia Industrial Group (GIG) which owns the mine. Under the deal, the company GIG will increase miners’ salaries by 7% now and another 3% in April. The miners had wanted a 40% pay rise. Last week they broke into the GIG regional office.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)

 

Georgians protest Old Town transformation

FEB. 27 2016, TBILISI (The Conway Bulletin) — Anger, frustration, despair. These were the main emotions described by the hundreds of protesters who marched through Tbilisi’s Old Town protesting against plans supported by Bidzina Ivanishvili, the former PM and the richest man in the country, to transform the surrounding hills into a series of hotels and entertainment centres.

“It’s unbelievable to me that they can get away with this.” Denis, 28, told The Conway Bulletin, while he was drawing a green NO on the palm of his hand.

“Why don’t they invest the $500m in revitalising our crumbling old town?”

Of course, though, there is another side. Mr Ivanishvili has said that the plans, which would also mean building a new cable car starting in Freedom Square at the heart of the city, will not alter the character of the city and will instead draw thousands more tourists, create much needed income and jobs.

“This project is interesting for our children and tourists. This will be a main tourist attraction. I am able and I want to assist my city,” Bidzina Ivanishvili has previously said.

For now, the developers appear to be winning the argument over the Panorama project and construction work has started, although planners have ruled against other projects.

The issues, though, remain the same across the region. Officials and businessmen, often linked to the political elite, want to develop a part of a city. Frustrated locals, often with few issues to protest legally about, want to stop them.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)

 

 

Azerbaijan’s SOFAZ drops 10%

MARCH 1 2016 (The Conway Bulletin) – Assets held by SOFAZ, Azerbaijan’s state oil fund dropped by 9.5% in 2015 to $33.6b. SOFAZ earns cash from oil and gas sales and transit fees. It spends on various social projects and has also been buying up manat to support it against the US dollar. The drop in SOFAZ’s net worth reflects the economic downturn and slump in global oil prices.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)

 

Turkmenistan constructs gas-to-liquids plant

MARCH 2 2016 (The Conway Bulletin) -A consortium formed by Japan’s Kawasaki Heavy Industries and Turkey’s Renaissance holding has started construction on a $1.7b gas- to-liquids plant in Turkmenistan. The plant will produce petrol from natural gas. When it starts production in 2018, the plant will process around 1.8b cubic metres of gas and produce 600,000 tonnes of petrol.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on  March 4 2016)

 

Azerbaijan’s ACG output drops

MARCH 2 2016 (The Conway Bulletin) – Output at BP’s Azeri-Chirag-Gunehsli (ACG) dropped in 2015 to 31.3m tonnes of oil, down from 31.5m tonnes of oil in 2014. The ACG field is Azerbaijan’s largest field and the bedrock of its oil output. Azerbaijan has been pressuring BP to maintain ACG output.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)

 

Fitch cuts Azerbaijani credit ratings

FEB. 27 2016 (The Conway Bulletin) – The ratings agency Fitch cut Azerbaijan’s sovereign credit score to junk, following the other two main agencies’ lead, highlighting that it expects the Azerbaijani economy to shrink this year. Azerbaijan has been hit hard by the fall in global oil prices.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)

 

Armenia’s President appoints new energy minister

MARCH 1 2016 (The Conway Bulletin) – Armenian president Serzh Sargsyan appointed Levon Yolyan as his new energy minister. Mr Yolyan, who had been deputy head of the Control Chamber which holds various government agencies to account, replaces Yervand Zakharyan.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)

 

Editorial: Kyrgyz and Georgian greens vs developers

MARCH 4 2016 (The Conway Bulletin) – Green spaces in cities across Central Asia and the South Caucasus are rare and under threat.

This is the case in Kyrgyzstan, where developers are eyeing up the, admittedly dysfunctional and overgrown Botanical Gardens. Conservationists, however, scored a major victory this week with the visit of PM Temir Sariyev to the Gardens. He spoke about renovating the Gardens and giving the structure a modern look, effectively saying the government wants the Gardens to stay where it is.

This is good and should be applauded. While Bishkek needs more space to build houses for people heading to the city for work, it can find this in other places. The Bishkek Botanical Garden should be left alone.

There is less hope for the surrounding hills of Tbilisi’s Old Town, where former PM Bidzina Ivanishvili wants to build a series of hotels. Locals took to the streets this week to protest against the plan.

Careful consideration needs to be given between creating jobs and attracting business over residents’ access to outdoor areas.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(Editorial from Issue No. 270, published on March 4 2016)

 

Kazakh pensioners take jobs to survive economic slump

MARCH 4 2016, ALMATY (The Conway Bulletin) — Pensioners in Kazakhstan are giving up retirement and taking jobs to help them through a sharp economic downturn which has decimated the value of their tenge savings and their pension payments.

The trend is a major blow to the government ahead of parliamentary elections later this month. It had said that it will be able to look after all Kazakhs during the economic downturn.

But official data, suggested that for many pensioners in Kazakhstan, the downturn has been so heavy that they have had to return to work.

The size of the workforce aged over 65 in Kazakhstan, the usual retirement age, doubled in 2015, the ranking.kz website said quoting data from the state’s statistics centre.

In Almaty, a Conway Bulletin correspondent spoke to several elderly Kazakhs who had picked up a new job or had never quit work.

Nina Lozovaya, 81, was a chemistry and biology school teacher. She carried on working until she was 78. Now, though, her state teacher’s pension is so small that she was selling her clothes and other items on the street to earn money for medicine.

“The price for medications increased dramatically, and now I don’t have enough money to buy them,” she said. “Teachers’ pension is very small. I try to buy less medications now.” Her face crumpled with exasperation.

Further down the street an old woman was selling newspapers. She declined to be named but said: “I work because I need money, obviously.”

There is another side to the story behind Kazakhstan’s elderly workforce, though. People often carry on casual jobs after reaching retirement age to boost their income.

Sandugash, 73, worked in a small shop.

“After the death of my husband, I had many diseases and depression,” she said. “When I started working, each year I feel much better. And I can afford to go out sometimes because of the job.”

Life expectancy for men in Kazakhstan is 64 years and for women is 73 years. This means elderly women dominate the retirees’ workforce.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 270, published on March 4 2016)