Tag Archives: business

Wine exports grow in Georgia

JAN. 6 2017 (The Conway Bulletin) — Georgia exported 50m bottles of wine last year, media reported quoting the National Wine Agency, a 38% increase on 2015 exports. Russia bought more than half of Georgia’s wine exports, highlighting just how important it is as a market. The next biggest importers of Georgian wine were Ukraine and China. China doubled its imports of Georgian wine to 5m bottles.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Kazakhstan Caspian pipeline exports increase

JAN. 9 2017 (The Conway Bulletin) — Exports via the Caspian Pipeline, which pumps oil from western Kazakhstan, around the Caspian Sea to the Russian Black Sea port of Novorossiisk, rose by 4% in 2016, data released by the pipeline’s owner the Caspian Pipeline Consortium (CPC) showed. CPC’s main client is the Tengiz field in Kazakhstan. CPC’s biggest shareholders are Russia with a 24% stake, Kazakhstan with a 20.75% stake and Chevron with a 15% stake.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Georgian Shilda to export 5m bottles of wine

JAN. 12 2017 (The Conway Bulletin) — Shilda Wines, owned by former Georgian economy minister Vano Chkhartishvili MP, has made a deal to export 5m bottles of wine to China over the next three years. The deal is the largest ever struck by a wine producer with China. It highlights how important China has become to the Georgian wine market. China is the third biggest Georgian wine importer after Russia and Ukraine.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

High demand triggers Georgian airport expansion

JAN. 9 2017 (The Conway Bulletin) — In 2016, 1.8m people used Tbilisi international airport, media reported, more than double the people volume in 2010. The high usage has triggered an expansion scheme. A new arrival terminal will be able to process 3.25m people every year, officials said. The airport is operated by Turkey-based TAV Airports Holding. Georgia has invested millions into boosting tourist numbers, marketing itself as both a seaside destination with its resorts on the Black Sea coast and also as a winter sports hub. Iranians and Iraqis have also been travelling to Georgia to set up businesses.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Armenia wants Turkmen gas via Iran

JAN. 9 2017 (The Conway Bulletin) — Armenian PM Karen Karapetyan said he wanted to boost trilateral ties with Iran and Turkmenistan to potentially import Turkmen gas via Iran. Armenia has developed relations with Iran over the past few years. Iran and Turkmenistan are yet to respond to Mr Karapetyan’s proposal.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Turkmenistan looks to boost oil output

JAN. 6 2017 (The Conway Bulletin) — Turkmenistan wants to attract foreign investors to help develop its North Goturdepe oil field in the Caspian Sea, media reported. The field was discovered in 2010 and has been developed by Turkmenistan. It currently produces around 68,000 barrels/day. It wants to double production.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Visitor numbers grow in Georgia

JAN. 6 2017 (The Conway Bulletin) — Just over 6.3m people visited Georgia in 2016, the country’s statistics service said, an increase of 7.6% from 2015. The data doesn’t differentiate between tourists and business visitors. The largest number of visitors were from Azerbaijan, Armenia, Turkey and Russia. EU citizens made 263,000 trips, up from 241,000. A 45 day visa-free regime for Iranians also boosted numbers to 148,000 visits up from 25,000 visits in 2015.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Uzbekistan buys Dreamliners

JAN. 10 2017 (The Conway Bulletin) — Uzbekistan Airways has bought four more Boeing 787-800 Dreamliner aircrafts for an undisclosed amount to be delivered in 2019 and 2020, media reported. The Dreamliner is a long-haul aircraft that came into production 10 years ago. Uzbekistan has been trying to boost its airline and market itself as a stopover between the West and East Asia.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

House prices fall in Kazakhstan

JAN. 9 2017 (The Conway Bulletin) — The price of new housing in Kazakhstan, considered a key economic indicator, was 3.6% lower in December 2016 than 12 months earlier, media reported quoting the economy ministry. This is still slower than the fall in older houses which analysts said was down by up to 15% in 2016. Kazakhstan’s economy has been hit by a collapse in oil prices and the fall in the value of the tenge.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)

Kapparova quits KazInvestBank

JAN. 11 2017 (The Conway Bulletin) — Gahaur Kapparova, the widow of the former head of Kazatomprom, the Kazakh nuclear agency, has quit her 10% stake in KazInvestBank, less than two weeks after the Central Bank pulled its banking licence. According to data filed at the Kazakh Stock Exchange, the biggest shareholder in KazInvestBank is now Nurzhan Dzhanabekov, the bank’s CEO, with 15.3%. Ms Kapparova’s husband, Nurlan Kapparov, died from a heart attack during a business trip to China in 2015.

ENDS

(News report from Issue No. 312, published on Jan. 13 2017)