Category Archives: Central Asia & South Caucasus News

Georgia tempts rebel areas with EU visa-free access

TBILISI, FEB. 6 2017 (The Conway Bulletin) — Georgia was accused of baiting its rebel regions of South Ossetia and Abkhazia with its recently won visa-free access to the European Union.

The row is a reminder to the EU that closer ties with Georgia come with attachments to the Georgia Russia stand-off over the two Georgian breakaway states. Georgia and Russia fought a brief war over the two regions less than a decade ago which ended in Russian soldiers temporarily occupying part of Georgia and the Kremlin recognising both South Ossetia and Abkhazia as independent.

In a speech shortly after the Euro- pean Parliament voted to approve 90-day visa-free access to Georgia and Ukraine to the 26-nation Schengen Area, Georgian PM Giorgi Kvirikashvili said that people living in the breakaway regions could also enjoy the easier access to the EU if they reapplied for a Georgian passport.

“We are happy that our Abkhazian and Ossetian citizens will join us in enjoying every benefit offered by close relations with Europe,” he said. The rebel regions were not amused and said Mr Kvirikashvili was trying to leverage political capital out of the European Parliament vote by trying to persuade people living in South Ossetia and Abkhazia to move back to Georgia. Mikheil Saakashvili, Georgian president from 2004 until 2013, deployed similar sweetener tactics, by building public swimming pools next to South Ossetia and holding rock concerts within earshot of Tskhinvali, its capital.

The authorities in Abkhazia, on the Black Sea coast, released a statement.

“It is obvious that after a complete failure of the idea of the so-called neutral passports, the Georgian government decided to use another type of bait in the form of visa liberalization for citizens of the Republic of Abkhazia. It is clear that the Georgian government’s attempt will fail,” it said.

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Copyright ©The Conway Bulletin — all rights reserved

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

Kazakhstan to buy Serbian stake in railway

FEB. 8 2017 (The Conway Bulletin) — Serbia has agreed to sell its 90.64% stake in railway construction and maintenance firm ZGOP to Kazakhstan’s Zhol Zhondeushi for 3.63m euros, media reported. ZGOP is based in the Serbian city of Novi Sad and employs 290 people and has outstanding debts of $8.2m. In 2012, Zhol Zhondeushi made headlines after it emerged that it had been sold by ENRC to one of the company’s nephew’s for an inflated price.

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

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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Copyright ©The Conway Bulletin — all rights reserved

(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)

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)

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)