Tag Archives: Georgia

UAE company exits Georgian port

APRIL 4 2011 (The Conway Bulletin) – RAKIA, the investment unit of Ras Al Khaimah in the UAE, has sold the majority of its stake in the Georgian Black Sea port of Poti, media quoted Georgian officials as saying. The officials said APM Terminals, a unit of Danish company Moller-Maersk Group, now owned 80% of the port which is an important transport hub.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 35, published on April 11 2011)

Israelis jailed for bribery in Georgia

APRIL 1 2011 (The Conway Bulletin) – In a case surrounded by controversy, a judge in Georgia sentenced two Israeli businessmen to jail for trying to bribe a deputy finance minister. The businessmen said the government trapped them in an operation to avoid a $90m arbitration payment.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 34, published on April 4 2011)

UN court throws out Georgia’s human rights case

APRIL 1 2011 (The Conway Bulletin) – The International Court of Justice declined to adjudicate on a claim by Georgia that Russia had ethnically cleansed the two rebel enclaves of South Ossetia and Abkhazia during a war in 2008. The UN court said it had no jurisdiction over the claim as all other legal remedies had not been exhausted. Georgia is likely to re-file the complaint at a later date.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 34, published on April 4 2011)

Georgia stalls Russia’s WTO membership bid

MARCH 28 2011 (The Conway Bulletin) – Under World Trade Organisation (WTO) rules, each of its 153 members can block the accession of another country.

Russia has been negotiating since 1993 to join the WTO. The US wants it to join and in December 2010, the European Union said it also wanted Russia to join.

The main stumbling block is Georgia. Already a WTO member, Georgia’s block on Russian membership is one of its strongest diplomatic weapons. But Georgia also has to be wary of over playing it.

Georgia and Russia resumed their negotiations over Russian WTO membership during a two-day meeting in Bern on March 9. It was their first meeting on the WTO issue since Georgia broke off talks in April 2008 after Russia strengthened relations with the breakaway Georgian regions of South Ossetia and Abkhazia. Relations worsened further and in August 2008 they fought a brief war.

But now, under pressure from its allies, Georgia is back negotiating with Russia. In exchange for agreeing to Russian WTO membership Georgia wants more control over customs points along its internationally recognised border between Russia and Abkhazia and South Ossetia.

Georgia can take a tough line but it has to be careful not to isolate itself and irritate its allies. Both sides said the meeting in Bern was constructive. The next meeting is expected in April.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 33, published on March 28 2011)

Donald Trump to build tower in Georgia

MARCH 10 2011 (The Conway Bulletin) – At a glitzy ceremony in New York, US businessman Donald Trump finalised a deal to build the two tallest towers in Georgia. The deal, estimated to be worth about $300m, is important to Georgian President Mikheil Saakashvili who wants to attract more foreign investors to Georgia after a war in 2008 with Russia hit investment levels.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 31, published on March 14 2011)

US deputy Secretary of State visits Armenia, Georgia and Azerbaijan

FEB. 23/26 2011 (The Conway Bulletin) – As part of a three-day trip to the South Caucasus and the Balkans, US deputy Secretary of State James Steinberg visited Armenia, Georgia and Azerbaijan. Statements from the State Department said Mr Steinberg had expressed concern over war-like language from Azerbaijan and Armenia over the disputed region of Nagorno-Karabakh.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 29, published on Feb. 28 2011)

Food inflation hits Central Asia and stirs unrest

FEB. 21 2011 (The Conway Bulletin) – Fires last year in Russia, floods in Australia and bulk buying by wealthy countries have pushed up wheat prices around the world, angering people and worrying governments. In Central Asia and the South Caucasus some are warning of growing unrest.

On Feb. 11 in his state-of-the-nation address, Georgian President Mikhail Saakashvili said his government would start handing out food vouchers to every family in the country and on Feb. 18 the Kazakh government promised to spend $87m building up its reserves of wheat.

But the most vulnerable countries are Kyrgyzstan and Tajikistan where people have had to endure the steepest spike in wheat prices in the world on top of soaring inflation and instability.

In comments which would have resonated in Bishkek and Dushanbe, the head of the World Bank, Robert Zoellick said on Feb. 15 of the food price rises: “There is a real stress point that could have social and political implications across Central Asia.”

The World Bank has estimated that in Kyrgyzstan wheat accounts for 40% of the average person’s calorie intake while in Tajikistan the figure is even higher at 54%.

And social tension may already have flared.

In Dushanbe, media quoted a government official reassuring people that the country had enough food supplies and denying that there would be any unrest linked to a lack of food.

Local media in Kyrgyzstan reported that the government is preparing to tap into their emergency wheat reserves to feed 340,000 low income families but a Conway Bulletin correspondent in Bishkek said teachers and other state employees plan a demonstration on Feb. 23 to protest against rising food prices.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 28, published on Feb. 21 2011)

Georgia plans food and fuel coupons to battle inflation

FEB. 11 2011 (The Conway Bulletin) – Georgia plans to hand out fuel coupons worth 20 lari ($11.3) and food coupons worth 30 lari ($16.9) to every family to ease pressure over price increases, President Mikheil Saakashvili said in his annual state-of-the-nation address. Inflation in January measured 12.3% according to the Statistics Committee.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 27, published on Feb. 14 2011)

Georgia plans to sell 25% of energy companies

FEB. 7 2011 (The Conway Bulletin) – Georgia is considering an IPO to sell off 25% of both its state oil and gas company and the company distributing electricity around the capital Tbilisi, Reuters quoted the Georgian energy minister, Alexander Khetaguri as saying. Georgia plans to use the cash to build hydroelectric power stations.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 26, published on Feb. 7 2011)

Russia’s new French warships worry Georgia

JAN. 25 2011 (The Conway Bulletin) – France finalised a deal to sell four warships to Russia, worrying Georgia and the US. The ships are amphibious assault ships that will be able to deploy helicopters, armoured vehicles and soldiers. Georgia has said that the ships could be deployed against it.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 25, published on Jan. 31 2011)