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Uzbekistan to receive funding from Kuwait

FEB. 9 2017 (The Conway Bulletin) — Apparently looking to extend its influence in Uzbekistan and Central Asia, Kuwait said that it would funnel another $60m into various social projects, according to a notice on the Uzbek foreign ministry website. Last year Kuwait’s Fund for Arab Development pledged to give $24m to buy urology equipment for Uzbekistan’s health service.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Output falls, says Kazakh oil and gas producer

FEB. 9 2017 (The Conway Bulletin) — Production at Kazakhstan’s largest oil and gas producer, Karachaganak, fell by 1.4% in 2016, compared to 2015, to 139.7m barrels of oil equivalent, the consortium operating the project said. This drop highlights a general decrease in output by Kazakh oil and gas producers during a prolonged period of low prices. Projects such as Karachaganak are vital for Kazakhstan’s economy.

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(News report from Issue No. 316, published on Feb. 10 2017)

Tajik banks to be investigated

FEB. 8 2017 (The Conway Bulletin) — Prosecutors in Tajikistan have opened investigations in four banks for mismanagement, the US-funded Radio Free Europe/Radio Liberty reported, adding another twist to a worsening Tajik banking crisis. The government had already said that it will bail out three of the bank — Tojiksodirotbank, Agroinvestbank and Tojprombank — before prosecutors said they were going to investigate them too. The fourth bank set to be investigated is state- owned Amonatbank.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Inflation starts rising in Georgia

FEB. 3 2017 (The Conway Bulletin) — Inflation in Georgia has started to pick up, as the Central Bank predicted. In January, prices in Georgia were 2.9% higher than they were in December, the state’s statistics service said. Annualised inflation in January 2017 measured 3.9%. In January, the Georgian Central Bank raised interest rates because it said that inflation was rising.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Four transgender women attacked in Georgian nightclub

TBILISI, FEB. 8 2017 (The Conway Bulletin) — An alleged gang of men attacked four transgender women in a nightclub just off Rustaveli, the main street in Tbilisi, once again triggering fears of a lack of acceptance in Georgia for alternative life- styles.

Transgender women have been targeted for attacks in the past couple of years, with several being killed.

The day before the latest attack a man was sent to prison for 13 years for killing a transgender woman in 2016.

But other social groups have also been attacked, including vegetarians, homosexuals and ethnic minorities.

Georgia wants to, ultimately, join the European Union but these hate crimes are likely to play against it. Georgia is renowned for having a deeply conservative society rooted in the Georgian Orthodox Church.

The Church, an important focal point for ordinary Georgians and their politicians, has campaigned against gay rights and has pushed for the ruling Georgian Dream coalition government to change the government to enshrine marriage between a man and a woman.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

McDonald’s not to open in Armenia

FEB. 7 2017 (The Conway Bulletin) — The McDonald’s fast food chain has no intention of opening a restaurant in Armenia, its Europe spokesperson Sanjay Mistry said, dampening media speculation that Georgian businessman Temur Chkonia was planning to extend his McDonald’s franchise to Yerevan. In 2016 McDonald’s opened its first restaurant in Kazakhstan.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Armenian hydro set for update

YEREVAN, FEB. 7 2017 (The Conway Bulletin) — A group of Western finance organisations lead by The World Bank’s International Finance Corporation (IFC) agreed to lend ContourGlobal Hydro Cascade, a subsidiary of the US group by the same name, $140m to upgrade the Armenian Vorotan hydropower plant.

Upgrading the 404MW Vorotan hydropower plant is considered vital to boosting Armenia’s green power output. It was built by the Soviet Union in the 1970s and has only been patched up in a piecemeal fashion since.

Importantly, too, the upgrade scheme will created hundreds of jobs in the mountainous Syunik province of southeast Armenia, the rural and underdeveloped region where the plant is sited.

“This is the first time we are putting together very large, long-term financing package for an infrastructure project in Armenia,” the IFC said.

The deal was struck on Dec. 29. It involved a $45m loan from the IFC, $65m from FMO, the Dutch development bank, and $30m from DEG, the German Investment and Development Corporation.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Lydian mining takes loan to operate in Armenia

FEB. 9 2017 (The Conway Bulletin) — The Armenia-registered subsidiary of Canada’s Lydian mining has taken out a loan of $50m with ING Bank to fund buying equipment at its gold mine in southern Armenia. Lydian said that the cash would be used to buy crushing, conveying and electrical equipment for its 100%-owned Amulsar Gold Project. It expects gold production to begin in 2018.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Cracks show in relations between Azerbaijan and EU

FEB. 6 2017 (The Conway Bulletin) — Tension between Azerbaijan and the European Union spilled out into the open at what was meant to be a friendly summit meeting, highlighting the complexity of a relationship essentially built on gas.

First the Jean-Claude Juncker, the head of the European Commission, said as he headed off to meet Azerbaijani president Ilham Aliyev that the “nice part of my day is over” and then, a few hours later, Azerbaijan cancelled a meeting with senior European Parliament members. The European parliament had, the day before, hosted an event to push for greater human rights in Azerbaijan.

Relations between the two sides have been strained for years. The EU recoils at Azerbaijan’s alleged crackdown on the media and opposition activists, while Azerbaijan accuses the EU of trying to interfere with its domestic politics.

But Azerbaijan-EU relations are also important. The EU desperately wants to reduce its dependency on Russia for its gas. And they have bet on Azerbaijan and its plan to pump gas from the Caspian Sea to Europe.

It was to discuss plans to pump gas along the the so-called Southern Gas Pipeline Corridor across Georgia and Turkey, through southeast Europe and into Central Europe, that moved Mr Aliyev to travel to Brussels.

Things, though, got off to a bad start whenMr Juncker wrapped up a press conference prior to meeting Mr Aliyev with what appeared to be a derogative aside.

“Thank you, have a nice day,” he was quoted by media as saying to journalists at the end of press conference. “I will now see the president of Azerbaijan, so the nice part of my day is over.”

Although, Mr Aliyev and Mr Juncker did meet up, releasing a joint statement afterwards about strong relations, it was clear that the tone had been set. An Azerbaijani official declined to comment on Mr Juncker’s remarks.

Mr Aliyev also met with Federica Mogherini, the EU’s chief diplomat, and Donald Tusk, the president of the European Council. After these meetings both sides released friendly statements.

Mr Tusk said both that he had raised human rights with Mr Aliyev and that he also wanted to improve Azerbaijan-EU relations.

“We want to upgrade our relationship and develop its full potential through a new bilateral agreement,” he said.

A few hours later, though, there was another set back when Azerbaijan cancelled a meeting with Antonio Tajani, president of the European Parliament. In the build-up to Mr Aliyev’s visit to Brussels, human rights groups had signed a petition calling for Europe to push harder for rights in Azerbaijan.

The European Parliament has been particularly vocal in its criticism of Azerbaijan’s crackdown on human rights activists and journalists who criticise the government.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)

Tsarukyan becomes chairman of Prosperous Armenia party

FEB. 10 2017 (The Conway Bulletin) — At a congress in Yerevan, Gagik Tsarukyan one of the wealthiest Armenians, was officially sworn in as chairman of the Prosperous Armenia party. He had quit the party in 2015 after a row with Armenian president Serzh Sargsyan but said last month that he wanted to return for Armenia’s parliamentary elections in April. Analysts said that his return was designed to pull anti-government votes away from the real Armenian opposition parties.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 316, published on Feb. 10 2017)