Category Archives: Uncategorised

RusHydro looks to pull out from Armenia

JUNE 6 2017 (The Bulletin) — Russia’s RusHydro said that it wanted to sell off the second largest hydropower plant in Armenia, Sevan-Hrazdan Cascade, which produces roughly 10% of Armenia’s power. RusHydro said that it had been in talks with a potential buyer but that these talks had fallen through. In 2015, Russia’s Inter RAO sold its debt-ridden electricity distribution network to a Armenian oligarch after a series of angry street demonstrations against planned electricity price rises.

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(News report from Issue No. 332, published on June 12 2017)

 

Inter RAO sues Georgia

JUNE 10 2017 (The Bulletin) — Russian energy company Inter RAO has begun proceedings at the Stockholm International Arbitration court against Georgia because of losses incurred at its two hydropower plants Khamri-1 and Khamri-2, Georgia’s deputy energy minister Mariam Valishvili told Retuers. It blamed the losses on the devaluation of the Georgian lari and on the government for blocking its move to increase electricity prices.

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(News report from Issue No. 332, published on June 12 2017)

 

Azerbaijan allies with Costa Rica

JUNE 6 2017 (The Bulletin) — Azerbaijan appeared to be grooming Costa Rica as an ally by calling for bilateral ties between the two countries, which lie thousands of miles apart and have no natural connections. Costa Rican media reported that the two countries “chancellors” had met and exchanged pleasantries. Reports said that the Azerbaijan Petroleum Fund was interested in boosting investments in Costa Rica and that Costa Rica was going to open an embassy in Baku.

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(News report from Issue No. 332, published on June 12 2017)

 

Ukraine visit to Georgia boost military ties

JUNE 8 2017 (The Bulletin) — Ukraine’s defence minister Stepan Poltorak visited Tbilisi for talks with his Georgian counterpart Levan Izoria. Georgia and Ukraine have been developing bilateral military ties. Ukraine is fighting a Russia-backed insurgency in the east; Georgia considers Russia to be its main threat.

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

(News report from Issue No. 332, published on June 12 2017)

 

Kazakhstan cuts key interest rate

JUNE 6 2017 (The Bulletin) — Kazakhstan cut its key interest rate to 10.5% from 11% because it said that its currency had recovered. The Kazakh Central Bank has steadily cut its interest rate from a high of 17% at the start of 2016. It has said that the Kazakh economy is recovering. This year, the tenge has increased in value by 5% against the US dollar.

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(News report from Issue No. 332, published on June 12 2017)

25th Georgian dies in Syria fighting for IS

JUNE 6 2017 (The Bulletin) — Media in Georgia reported that another man from the Pankisi Gorge had died fighting for the extremist IS group in Syria. He was said to be the 25th Georgian national to die fighting for IS. The Pankisi Gorge is a slither of land that borders the Caucasus Mountains. It is predominantly Muslim and was used by Chechen rebel fighters battling Russian troops at the turn of the century as a safe refuge area.

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(News report from Issue No. 332, published on June 12 2017)

 

Armenia plans property privatisation

YEREVAN, JUNE 9 2017 (The Bulletin) — Armenia’s government plans to sell 47 state-owned properties, including post offices, Yerevan’s bus station and a football stadium, to raise an estimated $75m.

Armenia, like the rest of the region, has been trying to pull out of an economic downturn linked to a drop in oil prices and a recession in Russia. The data this year has showed an improvement but the government still needs to raise more cash, giving foreign investors the chance to buy into property in Armenia.

The head of the state property management department, Arman Sahakyan, said the government had tried and failed to privatise half the properties in 2006/7.

“The companies that will be put up for privatisation, are not managed effectively, they face problems, that’s why we included them in the list in order to ensure their effective management,” he was quoted by media as saying.

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

(News report from Issue No. 332, published on June 12 2017)

 

Azerbaijan’s energy minister dies

JUNE 9 2017 (The Bulletin) — Azerbaijan’s long-serving energy minister, Natig Aliyev, died in a hospital in Istanbul from a heart attack. Aliyev had the heart attack in Baku at the end of the previous week and was then flown to specialist hospital in Istanbul. He had been energy minister since 2005, although he generally played a less prominent role in Azerbaijan’s oil and gas affairs than President Ilham Aliyev and the head of state- owned SOCAR Rovnag Abdullayev.

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

(News report from Issue No. 332, published on June 12 2017)

 

Uzbek President outmaneuvers Karimov’s heir

JUNE 12 2017 (The Bulletin) — Uzbekistan’s vicious political scene has just spat out another top dog. Rustam Azimov, the former collective farm engineer has been a fixture at the top of the Uzbek political spectrum since 1998, when he was handpicked by former president Islam Karimov, Uzbek leader from 1991 until his death in September, to head the economy ministry. Considered one of Karimov’s favourites, Azimov had been thought by many as the most likely person to succeed his patron.

In January 2008, in a diplomatic note later leaked by Wikileaks, the US ambassador to Uzbekistan at the time Richard Norland wrote that Azimov was being groomed as a successor.

“Azimov’s star is rising. Being appointed first among deputy ministers will only fuel additional speculation that Azimov may eventually succeed Karimov,” he wrote.

Media reports from 2012, cited sources within the Uzbek government as saying that Karimov was now openly talking up Azimov as his successor.

Instead, his rival Shavkat Mirziyoyev has outmanoeuvred him and Azimov now finds himself in the lowly position of heading the Export- Import Insurance company. His political ambitions, like that of Karimov’s daughter Gulnara, who has been under house arrest since 2014, are surely over.

It has been a long-running rivalry between Azimov and Mirziyoyev. In May 2008, Norland wrote that the rivalry had become so bad that the Uzbek security services had invented information to present a more united front.

“Due to rumours that rivalries persist between Prime Minister Mirziyayev (sic) and First Deputy Prime Minister Rustam Azimov, the NSS (the Uzbek security service) also had fabricated information that both individuals had reached a rapprochement prompted by the burgeoning friendship between their wives,” he wrote.

Considered a smooth operator with a calmer temperament than the sometimes abrasive Mirziyoyev, Azimov also had plenty of experience dealing with foreign companies, often negotiating their entry into Uzbekistan on behalf of Karimov.

Prior to taking over as economy minister in 1998, Azimov was head of the National Bank for Foreign Economic Activity. Now, aged only 56, as head of the nonentity that is the Export- Import Insurance company, he will have plenty of time to rue opportunities missed in the battle to succeed Karimov.

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

(News report from Issue No. 332, published on June 12 2017)

Rail links China and Iran via Kazakhstan and Turkmenistan

JUNE 8 2017 (The Bulletin) — Railway container services linking China with Iran via Kazakhstan and Turkmenistan are due to begin this month after the sides agreed various deals in May, the Railway Gazette reported. It said that the 10,300km journey would take around 14 days rather than 40 days by sea.

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

(News report from Issue No. 332, published on June 12 2017)