JUNE 10 2015 (The Conway Bulletin) – Georgia’s foreign exchange reserves fell by $37.4m in May to $2.4b, the Central Bank said. Georgia has sold foreign currency reserves to prop up its lari currency.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 5 2015 (The Conway Bulletin) – Azerbaijan’s foreign currency reserves inched up in May for the first time in a year, according to Central Bank data, suggesting that pressure on its manat currency had eased off. Like other countries in the region, Azerbaijan has been fighting to maintain the strength of its currency.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 8 2015 (The Conway Bulletin) – Georgia’s ruling Georgian Dream coalition said it won’t scrap the MPs elected via a first- past-the-post system for the 2016 parliamentary election. Last month the Constitutional Court said it backed reforming the voting system to make it fairer.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 10 2015 (The Conway Bulletin) – Russia would be prepared to send a rapid reaction force to defend Tajikistan’s southern border from Taliban incursions, Russian media quoted General Nikolai Bordyuzha as saying. General Bordyuzha is head of the Collective Security Treaty Organisation (CSTO), an FSU intergovernmental military group.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 10 2015 (The Conway Bulletin) – The Kazakh government presented new rules for workers which reduces their rights and forces unions to re-register with a government institution, a move which could damage relations between labour groups and companies.
Tamara Duysenova, the minister for health and social development, presented the bill at the National Congress of Trade Unions in Astana.
“The new provisions are in line with the spirit of the Law On Trade Unions approved last year,” she said.
The Unions disagree. Lyudmila Ekzarkhova, an official at the Confederation of Free Trade Unions, said: “These measures would put independent unions under the thumb of a government- appointed body.”
Opposition groups have criticised the measures which free employers from paying overtime work and cut benefits for injured workers.
The new law will also force independent trade unions to re-register under the state- controlled Federation of Trade Unions. Strikes called by unregistered trade unions will be illegal.
Relations between big companies and workers in Kazakhstan are already delicate.
Ever since oil workers went on strike in the town of Zhanaozen in the west of the country in 2011, a strike which triggered a riot and then a street battle with police that killed at least 15 people, workers’ rights in Kazakhstan have been strained.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 11 2015 (The Conway Bulletin) – After 20 years of negotiations, Kazakhstan has completed talks with the World Trade Organisation and should join the group by the end of the year. The WTO said that although there had been issues around Kazakhstan’s bilateral agreements and its membership of the Kremlin-led Eurasian Economic Union, a deal had been struck.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 8 2015 (The Conway Bulletin) – The authorities in Tajikistan lifted a ban on Facebook and YouTube imposed after a police chief defected to the radical group IS in Syria last month, the AFP news agency reported.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 5 2015 (The Conway Bulletin) – Arsen Julfalakian and Artur Aleksanian, two Olympic medal winning Armenian wrestlers, have pulled out of the European Games in Baku because they said that it would be biased towards their Azerbaijani competitors, Radio Free Europe/Radio Liberty reported.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 9 2015 (The Conway Bulletin) – Foreign direct investment (FDI), so important to Georgia’s economy, halved in the first three months of this year compared to the last quarter of 2014, GeoStat, the Georgian statistics agency, said.
GeoStat measured total FDI in Georgia at $175m, down from $349m in Q4 2014. Georgia’s attractiveness as a foreign investment destination was rebounding after the global economic crisis of 2008/9 and a war against Russia in 2008, so the data will disappoint.
Apart from the second quarter of 2014, this was the weakest FDI data for Georgia since 2009. The biggest drop was in construction and manufacturing, reflecting the recession which has hit the region, triggered by a struggling Russian economy.
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(News report from Issue No. 235, published on June 11 2015)
JUNE 10 2015 (The Conway Bulletin) – Doctors and other health workers will leave Kyrgyzstan for better paid jobs in Kazakhstan and Russia now that the country has joined the Kremlin- led Eurasian Economic Union, media quoted Kyrgyz health minister Talantbek Batyraliyev as saying. Kyrgyzstan’s health service is already in a precarious states.
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(News report from Issue No. 235, published on June 11 2015)