FEB. 11 2015 (The Conway Bulletin) — As expected, Georgia’s Central Bank increased its key interest rate by 50 basis points to 4.5% to try and dampen inflation. The Georgian lari has lost 8.5% of its value against the US dollar this year, increasing inflationary pressures.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 13 2015 (The Conway Bulletin) — Georgia’s foreign trade dropped by 9% in January compared to a year earlier, the national statistics office said. It blamed the Ukrainian civil war and the fall in the rouble for reducing demand for Georgia’s key exports — wine, water and citrus fruits.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
>>Peace accords had been in front of parliament>>
FEB. 16 2015 (The Conway Bulletin) — Armenian president Serzh Sargsyan withdrew a series of peace accords relating to the country’s long-running dispute with Turkey.
The move is a major setback for the region as the Armenia-Turkey spat is a hindrance to improved ties and trade with Europe. The two countries’ argue about the alleged mass killings by Turkish Ottoman soldiers of Armenians who were fleeing their land around Lake Van in the east of Turkey.
Mr Sargsyan blamed Turkey for the cancellation.
“We were ready for a fully-fledged settlement in our relations with Turkey by ratifying these protocols, but we were also ready for failure,” media quoted him as saying.
The two countries signed declarations in 2009 to establish diplomatic relations and open a land border.
The problem is that neither the Turkish nor the Armenian parliaments have approved the deals. Nationalists on both sides have instead slowed progress and frustrated efforts.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 16 2015 (The Conway Bulletin) — Kyrgyzstan’s energy minister, Kubanychbek Turdubayev, has accused Russia of working too slowly on upgrades to hydropower projects, eurasianet.org reported. Upgrades to the Kambar-Ata 1 dam and the Upper-Naryn Cascade were part of a 2012 deal that saw Moscow secure an extension to leases on military bases in Kyrgyzstan.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 9 2015 (The Conway Bulletin) — In a major boost for the retail market in Tajikistan, Auchan, the French supermarket brand, has agreed to open up its first franchise in Dushanbe later this year.
Media said that Auchan had signed a deal with French distributor Schiever to manage the stores.
It did not report where exactly the store would open but it did say that it would stock mainly Russian produce and open in 2015.
Schiever already runs Auchan’s stores in Poland.
The news is, obviously, good for Tajikistan which has been short on positive economic news lately. It’s also a departure from the norm.
Headlines from Tajikistan recently have focused on major Chinese expansion but little investment from European retailers.
It will also shake up the Tajik retail sector which has been dominated by small shops selling goods of variable quality. The Auchan store will, according to press reports, be roughly the size of a football pitch.
The Auchan store project is partly financed by the European Bank for Reconstruction and Development (EBRD) which has expanded its portfolio of projects across the region. In 2014, the EBRD said, it invested 100m euro into Tajikistan.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 17 2015 (The Conway Bulletin) — Turkmenistan’s President Kurbanguly Berdymukhamedov has pardoned 10 Iranian prisoners, Iran’s media reported. This is significant as the state-controlled Tehran Times described the release as part of a move by Turkmenistan to improve ties.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 11 2015 (The Conway Bulletin) — Kazakh president Nursultan Nazarbayev said that all government spending, excluding social projects, would be cut by 10% to cope with the economic slowdown, media reported. He made a point, though, of denying that there was an economic crisis in Kazakhstan.
ENDS
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 13 2015 (The Conway Bulletin) — A court in Kazakhstan convicted the former head of the anti-monopoly commission, Murat Ospanov, of corruption and ordered him to pay a $6m fine. Government prosecutors had wanted an 11-year jail sentence. Kazakhstan has prosecuted several government officials in an aggressive anti-corruption campaign over the past year.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 17 2015 (The Conway Bulletin) — The World Bank agreed a $195m loan to Uzbekistan for a railway project that will speed up trade with China, media reported. The $1.6b project in the eastern Ferghana Valley will also bypass a Soviet-built section of railway that passes through Tajikistan.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
>>Releases linked to election in March>>
FEB. 12 2015 (The Conway Bulletin) — The authorities in Uzbekistan unexpectedly released Khayrulla Khamidov a sports commentator imprisoned in 2010.
As well as being a soccer commentator, Mr Khamidov was a popular religious speaker who had a large following. He produced CDs and spoke at weddings on social issues.
When he was arrested, on charges of setting up an illegal religious organisation, his supporters said it was an attempt by the authorities to dampen a popular social commentator who they considered was a growing threat to stability. He was imprisoned for six years.
Mr Khamidov’s release, then, appears to be a large concession. Human rights groups have long criticised Uzbekistan for its harsh record against religion. Perhaps, though, this is beginning to change.
The Tashkent-based Initiative Group of Independent Human Rights Advocates of Uzbekistan has said 16 other religious prisoners were released alongside Mr Khamidov.
No official reason for the release has been given although ordinary Uzbeks believe it is linked to a presidential election set for March 29.
Uzbekistan is in flux at the moment. Islam Karimov, who has ruled over the country since the end of the Soviet Union in 1991, is increasingly frail. The election in March and what goes before and after it are increasingly important to monitor.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)
