Tag Archives: Georgia

Georgia-Russia mend ties via the Orthodox Church

NOV. 25 2016 (The Conway Bulletin) — The head of the Georgian Orthodox Church Patriarch Ilia II flew to Moscow for a week of meetings with senior members of the Russian Orthodox Church, hooked around the 70th birthday of its leader Patriarch Kirill (Nov. 20).

Visits by Patriarch Ilia to Moscow are important because they act as an unofficial diplomatic channel between Moscow and Tbilisi. At times, such as immediately after a war between the two side in August 2008, this channel has been vital and the only way the two sides were able to communicate.

On his arrival in Moscow, Patriarch Ilia appeared to recognise the importance of these meetings.

“Georgian and the Russian Orthodox Churches have great importance for our countries and people. The relationship between us ought to be better than it is now, and we should do everything to improve the relationship between the political figures of our countries. I think we can do this. We need each other and we should help each other,” he was quoted by media as saying.

He plays an important role in domestic Georgian politics, often intervening to mediate in disputes or set the tone in national debates.

Patriarch Ilia is the highest ranking public figure from Georgia to have travelled to Moscow since the 2008 war. On a trip in 2013, he also met with Russian president Vladimir Putin. It is unclear whether he will meet Mr Putin on this trip, which is dominated by meetings with various Russian Orthodox officials.

ENDS

(News report from Issue No. 306, published on Nov. 25 2016)

Georgian PM unveils new cabinet

NOV. 22 2016 (The Conway Bulletin) — Georgian PM Giorgi Kvirikashvili unveiled his new cabinet following the Georgian Dream coalition’s parliamentary election victory last month with only one major change. Dimitri Kumsishvili, the former economy minister, has been promoted to the more important position of finance minister. Mr Kumsishvili is one of a number of cabinet ministers who used to work at Bidzina Ivanizhvili’s Kartu bank. Mr Ivanishvili is the power behind the Georgian coalition. Kakha Kaladze, who under election rules, formerly resigned his ministerial position to fight for re-election in parliament, was reappointed as energy minister.

ENDS

(News report from Issue No. 306, published on Nov. 25 2016)

IMF downgrades Georgia’s economic growth

NOV. 24 2016 (The Conway Bulletin) — The IMF downgraded Georgia’s economic growth to 2.7% this year, from an earlier estimate of 3.4%. The downgrade was due, it said to a slightly bigger than expected drop in remittances and exports. It also downgraded growth in 2017 to 4% from 5.2%. Like the rest of the region, a recession in Russia and falling currency values have hit Georgia’s economy.

ENDS

(News report from Issue No. 306, published on Nov. 25 2016)

McCain to visit Georgia

NOV. 21 2016 (The Conway Bulletin) — John McCain, a senior US Republican Senator, will visit Georgia, as well as Estonia and Ukraine, in January to warn about Russian aggression, part of a foreign policy push designed to try and set the agenda before president-elect Donald Trump moves into the White House. Mr McCain is one of the most high-profile US Senators. He has been a strong advocate of Georgia’s westward leaning foreign policy.

ENDS

(News report from Issue No. 306, published on Nov. 25 2016)

Georgia’s former president sets up party

NOV. 11 2016 (The Conway Bulletin) — Former Georgian president Mikheil Saakashvili announced that he was setting up a new political party in Ukraine less than a week after quitting as governor of the Odessa region because of what he said were links between the government and corrupt practices. He called for an early election in Ukraine. Last month, Mr Saakashvili’s United National Movement party was soundly beaten in a parliamentary election in Georgia and his detractors have said that he has set up a political party in Ukraine because his much-vaunted return to Georgian politics failed to materialise.

ENDS

(News report from Issue No. 305, published on Nov. 18 2016)

Russia protests Georgian military exercises

NOV. 15 2016 (The Conway Bulletin) — The Russian government sent an official protest note to Georgia over Georgian-NATO military exercises which it described as a serious threat to peace and stability in the region. NATO keeps a permanent training base in Georgia. Both NATO and Georgia shrugged off the Russian complaint and said they were not aimed at Russia. Georgia wants to join NATO.

ENDS

(News report from Issue No. 305, published on Nov. 18 2016)

With one eye on EU regulations, Georgia reintroduces tests for cars

TBILISI, NOV. 15 2016, (The Conway Bulletin) — Georgian economy minister Dimitry Kumsishvili said compulsory vehicle maintenance and emissions inspections will resume from Jan. 1 2018, after a gap of 14 years, a move aimed at improving the safety of Georgian roads and meeting EU standards.

Mandatory vehicle inspection was abolished in 2004 due to its ineffectiveness and vulnerability to corruption, a reflection, perhaps, of Georgia’s chaotic business and social scene in the years after the 1991 breakup of the Soviet Union.

Mr Kumsishvili said he wanted to attract foreign companies with experience to take on the challenge of running and monitoring an annual vehicle safety scheme and has invited companies with at least 15 years experience in Europe to apply by Dec. 8 to run the scheme.

Mikheil Khmaladze, the director of the Land Transport Agency, which sits within the economy ministry, told The Conway Bulletin that Georgia needed a company with experience if it was going to make a success of the project.

“We might know how to do this in theory but we lack the practical experience. The international company will be a consultant and will advise us on what to do. There is a lot of risk of corruption in this field,” he said in an interview.

The winner of the tender will be given a two-year contract starting on Jan. 1 2017.

Inspections will be conducted throughout the country by local businesses. A maximum price per inspection will be set and a national database, where all the data regarding will be entered, raked over and inspected for transparency.

The reintroduction of a vehicle inspection scheme was a requirement stipulated by the Georgia-EU

Association Agreement requirement. Georgia wants to join the EU.

Environmentalists have also said that the scheme is needed to cut pollutants.

Nino Shavgulidze, Chief of Party of Caucasus Environmental NGO Network (CENN), said that cars were the biggest pollutants in Tbilisi.

“Statistics shows that of the more than 1m cars running in Georgia, a majority are more than 10 years old. Most of these vehicles do not have catalytic converters, are very poorly maintained, and emit pollutants that are dangerous for human health,” she said.

ENDS

(News report from Issue No. 305, published on Nov. 18 2016)

Georgia begins East-West pipeline construction

NOV. 16 2016 (The Conway Bulletin) — Georgian Oil and Gas Corporation said it started construction on a section of the East-West gas pipeline, from Tsiteli Khidi on the border with Azerbaijan to Gardabani. The company said it will invest 4.5m lari ($1.4m) to complete the 20km section. Georgia ordered a general overhaul of the 450km Soviet-era pipeline from the border with Azerbaijan to the Black Sea port of Poti. State-owned Partnership Fund is the only shareholder.

ENDS

(News report from Issue No. 305, published on Nov. 18 2016)

Georgian Mining raises $3.2m to develop Kvemo Bolnisi

TBILISI, NOV. 16 2016, (The Conway Bulletin) — London-listed Georgian Mining Corporation said it raised £2.6m ($3.2m) in a new share offering designed to finance the development of its Kvemo Bolnisi copper and gold mine in the south of Georgia.

Last month, Georgian Mining changed its name from Noricum Gold to reflect the geographic focus of its operations.

After the restructuring and consolidation of ordinary shares, the fresh share issue represents 40% of the total issued shares and will dilute ownership in the company.

Before the placing, businessmen Michael Johnson (6.1%), Martyn Churchouse (5.4%) and Fahad Al- Tamimi (4.9%) were the three largest shareholders.

The company said the new cash will fund development of the Kvemo Bolnisi mine, in which it owns a 50% stake.

“This raise is a significant endorsement of our approach to commence production at low cost and for a minimum capex requirement,” director Greg Kuenzel said in a statement.

Georgia’s Caucasian Mining Group, owned by Russian entrepreneur Dmitri Troitsky, is Georgian Mining’s partner at Kvemo Bolnisi.

Georgian Mining bought its 50% share in Kvemo Bolnisi in July 2015 from GMC Investment for £2.6m ($3.2m). The company started drilling in June, in line with its forecasts. Reserves at the Bolnisi project include 980,000 tonnes of copper, 6.6m ounces of gold and 22m ounces of silver.

ENDS

(News report from Issue No. 305, published on Nov. 18 2016)

E-space plans to develop electric car market in Georgia

TBILISI, NOV. 4 2016 (The Conway Bulletin) — Two charging points for electric cars have been installed in Tbilisi, media reported, the first move in a push to promote the sector.

E-space, a Georgian company, plans to install 25 more chargers across the city by the end of the year, then 70 more by the end of 2017, followed by chargers along motorways.

Sulkhan Gvalia, former deputy CEO of Bank of Georgia and now E-space CEO, said the sector was ripe for development in Georgia.

“The problem in Georgia is that there is no infrastructure. So that is why we started with that,” he told The Conway Bulletin.

Recharging an electric car will be free until the end of 2017. The Tbilisi city government has said it will pay for the power supply bills at the first two charging points. For the next charging points, E-space wants to sign agreements with shops to host and pay for the power. The shops will benefit from the extra trade generated by drivers stopping to re-charge.

So far, there are 50 electric cars registered in Tbilisi but Nata Kasradze, E-space’s chief product development officer, said sales will rise.

“The visibility of the chargers will change the mentality of people,” she said. “We haven’t imported a single car yet but we already have about 30 requests from people who want to buy a car.”

E-space has five founders and is self-funded. The founders said they had developed a three-point plan for its business. To develop the infrastructure, then open a showroom to sell cars, scooters and motorcycles and finally develop a service centre.

On the streets of Tbilisi not everybody was convinced, though.

Dato, 32, said Georgians with money want to flaunt their wealth by buying a BMW or Mercedes .

“Electric cars are still very expensive,” he said. “Georgians who can afford to spend this amount of money will not spend it on an electric cars which still do not represent wealth.” Gocha, a businessman, agreed.

“This market is for the middle class, but it has to be well marketed so that people can see the benefit coming from it. I do not think that Georgians are ready for that”

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(News report from Issue No. 304, published on Nov. 11 2016)