Tag Archives: business

Central Asia worries about food supplies after the Kremlin extends sugar ban

MOSCOW/APRIL 10 2024 (The Bulletin) — The Kremlin said that it would extend its ban on sugar and grain exports by another five months to the end of August, sparking worries about supplies in Central Asia. 

The original ban on sugar and grain exports was introduced in 2023 by the Kremlin to shore up supplies during its war with Ukraine. 

But the ban has worried other countries across the former Soviet Union as they are partly reliant on Russian food imports.

Kazakhstan has already boosted its grain production, although heavy floods across the north of the country over the past fortnight will damage harvests, and Uzbekistan immediately issued a statement confirming that it has  switched grain suppliers and now “mainly imported from Brazil and India”.

But for Tajikistan and Kyrgyzstan, Russia’s extended grain export ban is more of a headache. 

Tajikistan had leaned heavily on Russia and analysts have said that it relies on Russia for a third of its imports.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Kyrgyzstan wants to build road through nature park

APRIL 10 2024 (The Bulletin) — Environmentalists in Kyrgyzstan criticised government plans to build a road through an area in the west of the country that is admired for its mountain scenery ahead of the construction of a hydropower project. The Besh-Aral Nature Reserve is also a UNESCO World Heritage site but government ministers have said that the hydropower project and the road will create hundreds of much needed jobs in the region.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Azerbaijan says wants to boost gas supplies to the EU

APRIL 9 2024 (The Bulletin) — Azerbaijan aims to increase gas supplies to the EU by 17% by 2026, said Socar, the Azerbaijani state energy company. Azerbaijan has been boosting supplies to the EU since Europe cut relations with Russia after it invaded Ukraine in 2022. 

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Kazakhstan denies that the Kremlin has asked for emergency fuel supplies

APRIL 9 2024 (The Bulletin) — Kazakhstan’s energy ministry denied a Reuters report that the Russian government had asked it to supply 100,000 tonnes of fuel to make up a shortfall triggered by Ukrainian drone attacks on refineries. Kazakhstan has imposed its own fuel export ban to meet growing domestic demand. This has forced up fuel price inflation in Tajikistan.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Turkey to streamline customs on South Caucasus railway

APRIL 8 2024 (The Bulletin) — Turkey wants to streamline customs rules for goods carried from Asia to Europe along the 829km Baku-Tbilisi-Kars railway, part of a wider effort to boost the so-called Middle Corridor transport route (April 8).  Turkish media reported that the new rules will exempt goods from physical checks, relying more heavily on x-ray images. This, officials said, should speed up journey times.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

EU signs deal with Uzbekistan to develop “critical raw materials”

APRIL 5 2024 (The Bulletin) — The EU signed a deal with Uzbekistan to develop “critical raw material” (CRM) supply chains. The deal puts the EU into direct competition with China which has already signed uranium mining deals with Uzbekistan this year. The EU has been signing CRM deals since 2021 and already has an agreement signed with Kazakhstan.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Uzbekistan aims to boost saffron production

APRIL 8 2024 (The Bulletin) — Uzbek Pres. Shavkat Mirziyoyev approved plans to increase annual saffron production to 20 tonnes from around 1.8 tonnes. Uzbek media reported that Mr Mirziyoyev had toured a saffron-growing plant in the Jizzakh region. He has said that Uzbekistan needs to boost its agricultural production. Aside from cotton, Uzbekistan is not a particularly large crop growing country.

ENDS

— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Georgia plans new mega airport

TBILISI/APRIL 8 2024 (The Bulletin) — Georgia plans to build a new international airport five times the size of the current one as it bets big on a tourism bonanza.

Irakli Kobakhidze, Georgia’s PM, announced the plan to spend $1.26b building a new airport at Vazinani, 20km to the east of Tbilisi.

“The design and tender procedures will be completed next year, and in a few years, the country will have a completely new, state-of-the-art airport,” he said.

The new airport will be the largest in the Central Asia and South Caucasus region and highlights Georgia’s position as the region’s tourist hotspot. 

This year the Georgian authorities hope to attract more than 5m tourists, second only to Uzbekistan in the Central Asia and South Caucasus region which attracted more than 6m tourists last year. Uzbekistan has just built a new airport at Samarkand. 

Mr Kobakhidze said the new Tbilisi airport will handle up to 19m passengers per year, compared to roughly 4m at the current airport.

He said that the government had ruled out expanding the current airport because its capacity was limited to 15m people. “There would be no further development prospects,” he said.

Georgia has been trying to keep up with a surge in demand for tourism from Europe and the Middle East as well as demands from business to act as an Asia-EU transit hub. 

This year, new direct routes from Britain to Georgia have opened, although most of the growth has come from routes into and out of the Middle East, where Georgia is marketed as an accessible European holiday destination.

As well as Tbilisi, Batumi and Kutaisi have international airports.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Coca-Cola expands production in Uzbekistan

APRIL 8 2024 (The Bulletin) — Coca-Cola’s manufacturer and bottler in Uzbekistan said that it would invest $165m building two new plants. The investment by Coca-Cola Ichimligi Uzbekiston is another sign that Uzbekistan’s economy is booming. One of the factories will be built near Samarkand and the other near Namangan.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024

Turkmenistan wants to supply Tajikistan with power through Uzbekistan

APRIL 6 2024 (The Bulletin) — On a visit to Dushanbe, Turkmenistan’s former president Kurbanguly Berdymukhamedov offered to supply Tajikistan with power.. Turkmenistan already sends power to neighbouring Uzbekistan and Mr Berdymukhamedov, who handed the presidency to his son in 2022, said that it could then be shipped on to Tajikistan. Tajikistan suffered from serious power cuts over an unusually cold winter as demand soared. Turkmenistan is positioning itself as something of a power generating regional superpower. As well as sending electricity to Uzbekistan, it sent emergency supplies to Kyrgyzstan last year and also exports power to Afghanistan.

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— This story was published in issue 564 of the Central Asia & South Caucasus Bulletin, on April 15 2024

— Copyright the Central Asia & South Caucasus Bulletin 2024