MAY 22 2015 (The Conway Bulletin) – With European gas supplies in mind, Turkmenistan intends to increase gas output, media quoted the petroleum minister, Muhammetnur Halyov, as saying. Turkmenistan is positioning itself to become a major supplier of gas to the EU in the next few years.
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(News report from Issue No. 233, published on May 28 2015)
MAY 22 2015 (The Conway Bulletin) – At its summit meeting in Riga, the EU promised Georgia that it would decide by the end of the year whether to grant Georgians visa-free travel.
Georgia’s government has lobbied hard for a visa-free regime across Europe as it sees this as a vital step towards achieving its ultimate aim of joining the EU.
The EU had presented the so-called Visa Liberalisation Action Plan (VLAP) progress report on Georgia and Ukraine a couple of weeks earlier. It congratulated Georgia on its progress, but also pointed out that it needed to implement reforms in asylum, anti-corrup- tion, human trafficking and drugs.
The decision was a disappointment to Georgia’s government as well as for many ordinary Georgians. Misha Shavtvaladze, a political scientist from Tbilisi State University, explained.
“But the fact that we are not ready for this upgrade had a negative psychological effect. It has a lot to do with the national pride, like winning the Eurovision does.”
The opposition blamed the government for the lack of good news, but Georgian PM Irakli Garibashvili said he did receive a positive message from the EU. Georgia will be the next country to be granted visa waiver, possibly even earlier than Ukraine, he told media.
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(News report from Issue No. 233, published on May 28 2015)
MAY 22 2015 (The Conway Bulletin) – Georgia’s parliament will consider adopting a law that will shift supervisory powers over commercial banks away from the Central Bank to an independent supervisory body, media reported.
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(News report from Issue No. 233, published on May 28 2015)
MAY 28 2015 (The Conway Bulletin) – Georgia’s Constitutional Court ruled that the country’s parliamentary election process is unfair.
In particular, the Court said discrepancies in the size of the constituencies used for the first-past-the-post system diminished the election’s fairness.
In Georgia’s parliamentary elections, 150 MPs are voted into parliament. The first- past-the-post system is used to elect 73 MPs and proportional representation for the remain- ing 77 seats. The problem,advocates for change have said, is that the first-past-the-post constituencies vary in size from 6,000 voters to over 150,000 voters.
The landmark ruling strengthens the case for change.
“It’s up to the Georgian Parliament to decide on proportional and majoritarian models of the electoral system provided that constitutional rights and freedoms of citizens will be protected in this process,” Georgian media quoted the Constitutional Court as saying.
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(News report from Issue No. 233, published on May 28 2015)
MAY 22 2015 (The Conway Bulletin) – Uzbekistan’s Central Bank denied it was restricting access to US dollars as a form of controlling its currency.
Two days earlier, the Tashkent-based Uzmetronom.com website quoted unnamed but, supposedly, reliable sources as saying that the Central Bank had halted the process for foreign and local companies to convert their local currency into US dollars for an unspecified period of time.
This is critical for companies which are keen to get their cash out of the country. Not being allowed to convert it severely undermines their operations.
Now, though media have quoted the Uzbek Central Bank as saying that this is not true.
Like the other countries in Central Asia, Uzbekistan trying to cope with a drop in oil prices and a fall Russia’s economy which has rippled across the region.
Last week, media reported that a senior official in the Uzbek Central Bank had written a letter to his superiors to warn that the country was running out of cash and that it could hardly afford to pay for vital services and salaries.
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(News report from Issue No. 233, published on May 28 2015)
MAY 26 2015 (The Conway Bulletin) – The Kyrgyz Central Bank cut its interest rate to 9.5% from 11%, the first cut since 2013, because of a slowdown in consumer price inflation.
It did warn, though, that despite a slight economic improvement, the country faced uncertain times.
“There has been economy a slowdown in inflation. At the same time, economic growth continues to be influenced by external factors,” it said in a statement on its website.
“The economic situation in the country’s main trading partners is uncertain and continues to impact the slowing economic growth of our own country through foreign trade and remittances.”
Kyrgyzstan, like the rest of the region, has been coping with a slowdown in Russia’s economy, triggered by a sharp fall in oil prices. Remittances from Kyrgyz working in Russia is a major part of Kyrgyzstan’s economy. This has dented the value of the Kyrgyz som and accelerated inflation.
Overall, the Central Bank said that inflation had slowed to 6.4% in April, down from 10.5% at the end of 2014.
The Central Bank also said that GDP growth for January to April had measured 7% because of an increase in production at Kumtor, a gold mine. Without Kumtor’s contribution, GDP growth would have measured 4.2%.
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(News report from Issue No. 233, published on May 28 2015)
MAY 25 2015 (The Conway Bulletin) – Russia’s military said it had started drills with drones in Tajikistan’s mountains aimed at potentially stopping Taliban forces, media reported. Russia and Central Asian countries are increasingly concerned about the threat from the Taliban.
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(News report from Issue No. 233, published on May 28 2015)
MAY 21 2015 (The Conway Bulletin) – BP suspended operations for 22 days at its West Azeri platform in the Caspian Sea for planned maintenance work. The Azerbaijani government has put BP under pressure to maintain oil output at its fields.
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(News report from Issue No. 233, published on May 28 2015)
MAY 25 2015 (The Conway Bulletin) – The foreign ministers of Azerbaijan and Russia met in Moscow to discuss ways to strengthen bilateral relations, once again underlining how Azerbaijani foreign policy has shifted away from the West.
At the meeting Azerbaijani foreign minister and Russian foreign minister Sergey Lavrov signed a commitment to hold a series of consultations and meetings over the next couple of years.
Mr Lavrov described Azerbaijan as a strategic partner and said that trade between the two countries had increased by 16% last year.
Of course, Russia has to tread a fine diplomatic line in the South Caucasus where Azerba- ijan and Armenia are still officially at war over the disputed region of Nagorno- Karabakh. Armenia is a firm Russian ally and hosts a major Russian military base. It is also a member of the Kremlin-led Eurasian Economic Union.
Perhaps as a teaser, Mr Mammadyraov said in an interview after the meeting that although Azerbaijani would consider joining the Eurasian Economic Union, it could never actually become a member if Armenian-backed forces occupied Nagorno-Karabakh.
“If Armenia withdraws its troops, if the borders are opened, if there is a normali- zation of the situation, if there is an economic component between Armenia and Azerbaijan, who knows what will happen tomorrow,” he told the Russia 24 TV channel.
The Eurasian Economic Union is a Kremlin pet project. Kyrgyzstan, Kazakhstan and Belarus are also members.
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(News report from Issue No. 233, published on May 28 2015)
MAY 27 2015 (The Conway Bulletin) – Armenia’s government said it would privatise the national post office group Haypost, potentially setting up one of the biggest sales of state assets this year.
One of the overriding reasons behind the sale is to modernise Haypost and its 900 branches around the country, Arman Sahakyan, head of the statement, said.
“With the help of investments we expect to modernize physical infrastructures, to restore around 250 post offices, to purchase mobile post vehicles, which will serve all Armenian communities including those 250 communities where there are no post offices at the moment. Transportation means will also be renovated, post-boxes will be placed at all 750,000 registered addresses of Armenia,” media quoted Mr Sahakyan as saying.
The Armenian government is under increased pressure to rebuff a worsening economic outlook.
Haypost, which is in desperate need of modernisation has been a prime candidate to attract an investor to buy it from the government and update the service.
The Armenian state wholly owns Haypost, although in 2006 it handed the management of the company over to a company registered in the Netherlands but owned by Argentinean-Armenian businessman Eduardo Eurnekian. It’s unclear from reports if Mr Eurnekian will be involved in the privatisation.
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(News report from Issue No. 233, published on May 28 2015)
