Category Archives: Uncategorised

Sheraton opens in Tajikistan

JAN. 6 2015, (The Conway Bulletin) — A Sheraton hotel, owned by the Starwood Hotels & Resorts brand, has opened in Dushanbe, media reported. Dushanbe is undergoing something of a hotel boom in recent years with several major chains opening in the Tajik capital.

ENDS

(News report from Issue No. 213, published on Jan. 7 2015)

European parliament ratifies Georgia deal

DEC. 18 2014, (The Conway Bulletin) — The European Parliament in Strasbourg ratified an associated deal with Georgia which deepens economic integration. The deal is important to Georgia because it moves it closer to its aim of joining the EU. At the same time the breakaway region of South Ossetia announced it wanted a stronger union with Russia.

ENDS

(News report from Issue No. 213, published on Jan. 7 2015)

Tajikistan convicts 11 IMU members

DEC. 19 2014, (The Conway Bulletin) — A court in Khujand, north Tajikistan, convicted 11 men of belonging to the banned militant group Islamic Movement of Uzbekistan (IMU). Alongside the growing lure of the radical group IS, the governments of Central Asia fear signs that the IMU is gaining momentum. It has launched attacks previously in Uzbekistan, Kyrgyzstan and Tajikistan.

ENDS

(News report from Issue No. 213, published on Jan. 7 2015)

Turkmenistan cuts fuel subsidies

JAN. 1 2015, (The Conway Bulletin) — Turkmenistan has slashed its subsidies for petrol, despite a large drop in the cost of oil, media reported. Officials in Turkmenistan have previously said that they are looking to reduce various government subsidies. Reducing subsidies, especially for petrol, can generate resentment.

ENDS

(News report from Issue No. 213, published on Jan. 7 2015)

CNPC to develop Uzbek gas

DEC. 26 2014, (The Conway Bulletin) — Chinese energy company CNPC said it wanted to develop new gas fields in Uzbekistan. It wants to invest $277m in three fields — Dengizkul, Khojadavlat and East Alat — over the next five years. The announcement helps to secure China’s place as Central Asia’s biggest gas client.

ENDS

(News report from Issue No. 213, published on Jan. 7 2015)

Azerbaijan may struggle with oil price drop

JAN. 4 2015, (The Conway Bulletin) — Azerbaijan may have serious problems making its national budget work with oil prices dropping below $50/barrel, media reported (Jan. 4). The government’s budget estimates are calculated at oil costing $90/barrel. Oil revenues directly contribute over half the government’s revenue.

ENDS

(News report from Issue No. 213, published on Jan. 7 2015)

CIS mission to observe Uzbek election

DEC. 8 2014 (The Conway Bulletin) – The Commonwealth of Independent States (CIS) said it had dispatched its mission to observe parliamentary elections in Uzbekistan later this month. The OSCE, Europe’s election and democracy watchdog, has already said it is going to send a limited mission because it expects the vote to be fixed.

ENDS

(News report from Issue No. 212, published on Dec. 10 2014)

Bank of Georgia to buy PrivatBank

DEC. 5 2014 (The Conway Bulletin) – Bank of Georgia, which is listed on the London stock exchange and is the largest bank in the country, said it wanted to buy the Georgian subsidiary of Ukraine’s PrivatBank. PrivatBank is Ukraine’s largest bank. Bank of Georgia said that it had agreed a preliminary deal to buy the bank for $51m.

ENDS

(News report from Issue No. 212, published on Dec. 10 2014)

Bread prices rise in Armenia

DEC. 8 2014 (The Conway Bulletin) – Bread prices have begun to rise for the first time since March, Armenian media reported. Armenia’s economy has been hit by the downturn in Russia’s economy. Commentators said that the rise in bread prices was directly attributable to an increase in the price of flour.

ENDS

(News report from Issue No. 212, published on Dec. 10 2014)

Azerbaijan receives grant from China

DEC. 8 2014 (The Conway Bulletin) – China has given Azerbaijan a grant of around $4.5m to boost economic relations between the two countries, media reported. China has expanded its economic and diplomatic reach across the South Caucasus significantly over the past few years.

ENDS

(News report from Issue No. 212, published on Dec. 10 2014)