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Armenia’s CB keeps interest rates steady

JUNE 27 2017 (The Bulletin) — Armenia’s Central Bank kept its key interest rate unchanged at 6%, holding true to is assessment earlier this year that it would stop its easing cycle to ward off a potential jump in inflation. Armenia had been measuring deflation until the start of this year when it said that the economy had turned a corner and that prices were now rising. It had steadily slashed its interest rate from 10.5% in 2015 to 6% in February 2017.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

Georgian parliamentary speaker sets up political party

JUNE 16 2017 (The Bulletin) — Piling more pressure onto United National Movement party (UNM), former Georgian parliamentary speaker Davit Usupashvili said he will set up a centrist political movement to contest local elections in October. Mr Usupashvili was Parliamentary Speaker between 2012 and 2016 under the ruling Georgian Dream coalition government but it is the UNM party of former president Mikheil Saakashvili who will be most concerned by the prospect of a new party.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

Unemployment rate rises in Armenia

JUNE 30 2017 (The Bulletin) — Armenia’s unemployment rate hit 19% in the first quarter of the year, highlighting the impact of an economic downturn. The unemployment rate has risen steadily since 2014. In 2013/14 it hovered between 15% and 16%. Like the rest of the region, Armenia’s economy has been hit by a drop in oil prices that has dragged down the Russian economy.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

 

Seoul mayor to visit Uzbekistan

JUNE 25 2017 (The Bulletin) — The mayor of Seoul, South Korea’s capital, Park Won Soon is due to visit Tashkent as part of a nine-day trip to Russian cities aimed at boosting ties, the Kremlin-backed news website Sputnik reported. Mr Park will visit Moscow, St Petersburg and Ullyanovsk before Tashkent. By adding Tashkent to the list, Mr Park highlights the strong bilateral links.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

 

Pay gas bill, says Uzbek imam

JUNE 29 2017 (The Bulletin) — Uzbek media quoted an imam at a mosque in Tashkent telling worshippers during a sermon that they wouldn’t be allowed to undertake the Hajj to Mecca unless they had paid off their utility bills. The reports show just how much control the government has over life in Uzbekistan, including influencing imams’ sermons, and also how desperate the authorities are to collect cash for unpaid utility bills.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

Factory to open in Uzbek city

JUNE 29 2017 (The Bulletin) — Tanotrade, a Swiss company that produces electrical parts, is set to finish constructing a new factory in Nukus, west Uzbekistan, in August, Uzbek media has reported. Reports said that Tenotrade is meeting 80% of the $8m cost of the project, with its local partner, ToshElectroApparat, putting up the rest. It is not clear exactly what products the new factory, called Nukuselektroapparat, will produce but reports said the regional Karakalpak government had offered Tanotrade a series of tax incentives.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

Armenia-Syria flights resume

JUNE 29 2017 (The Bulletin) — Cham Wings, a Syrian private airline, flew the first scheduled passenger flight from Damascus to Yerevan for four years. Cham Wings has said it intends to fly the route every week. There are no plans to restart the Yerevan- Aleppo route. On board the Cham Wings flight were 100 passengers, mainly Syrians of Armenian descent.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

 

Kyrgyz court fines website $400k for insulting Atamayev

BISHKEK, JULY 3 2017 (The Bulletin) — A court in the Kyrgyz capital ordered ProMedia which runs Zanoza, one of the most lively and well-respected news websites in the country, to pay President Almazbek Atamayev damages of $400,000 for offending his dignity in a case that has raised questions over Kyrgyzstan’s commitment to free speech.

Immediately after the verdict, one of the co-founders of Zanoza, Dina Maslova, said that the media outlet simply couldn’t pay the fine and that, unless an appeal court overturned the verdict, it would have to close down.

“We criticise the president if it is needed because this is our work,” she said. “This is an irritation for the political authorities just before a presidential election. But we are going to appeal the decision. This case mostly harms the reputation of the judicial system and image of the country.”

The other co-founder of ProMedia and Zanoza is Naryn Idinov. He is under a travel ban linked to the defamation charges.

The charges trace back to a series of articles published by Zanoza and the local language service of the US- funded Radio Free Europe/Radio Liberty in 2015 and 2017 which quoted opposition activists describing Pres. Atambayev as corrupt and describing his lavish lifestyle.

The charges against Radio Free Europe were dropped after the head of the service, Tom Kent, flew in for talks with Mr Atambayev. In exchange for dropping the charges, Mr Kent replaced the head of the local language service.

This option wasn’t available to Zanoza. Still, Ms Maslova, the co- founder, was defiant and said that if Zanoza was forced to close, they would simply open up another website under another brand.

For Kyrgyzstan, the damage to its image as the most liberal of the five Central Asian states was instant. Free speech campaigners said that they had been warning of a gradual erosion of rights for the past couple of years.

And ordinary people on the streets of Bishkek were also concerned about the implications.

“Other media agencies may be intimidated by such large fines and will strengthen their (self) censorship. The reader will be limited in his or her choice and will not trust the media, especially when they talk about the President,” said Begaiym Adzhikeeva, a Bishkek resident.

Some analysts have linked the defamation case against Zanoza to a presidential election scheduled for October.

Mr Atambayev is stepping down after a single term in office, as stipulated by the constitution, but his preferred successor is facing an increasingly acrimonious contest.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

 

Uzbekistan to rise utility prices

JUNE 30 2017 (The Bulletin) — Uzbekistan will raise the cost of electricity and gas it supplies to households by 7% from July 15, media reported quoting the state- owned Uzbekenergo and Uzbekneftegas. This is the second utility price rise in less than a year, the uzdaily.uz website reported. The price rise shows the inflationary pressure built into the Uzbek economy. Last month the Uzbek Central Bank increased its key interest rate to try to dampen inflation.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)

Russia sends missiles to Azerbaijan

JUNE 24 2017 (The Bulletin) — Russia has sent a batch of new anti- tank missiles to Azerbaijan, the Azerbaijani defence ministry said. It released a video of half a dozen mechanised anti-tank vehicles being unloaded in Baku. Russia has previously been accused of propagating a war between Azerbaijan and Armenia over the disputed region of Nagorno- Karabakh in order to sell more weapons.

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Copyright ©Central Asia & South Caucasus Bulletin — all rights reserved

(News report from Issue No. 335, published on July 3 2017)