Tag Archives: Georgia

Pobeda starts flights to Armenia

OCT. 26 2016 (The Conway Bulletin) — Pobeda, a low-cost subsidiary of Russia’s flagship carrier Aeroflot, confirmed it will start flights to Armenia in the next few weeks. From November, it will fly from Moscow Vnukovo to Gyumri, Armenia’s second airport seven times a week. Earlier this month, Pobeda obtained permission to start Rostov- on-Don to Yerevan flights. Pobeda already flies to Almaty, Baku and Tbilisi.

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(News report from Issue No. 302, published on Oct. 28 2016)

Man blows himself up in Georgian region

OCT. 17 2016 (The Conway Bulletin) – A man blew himself up outside the headquarters of the TV station in the breakaway Georgian region of Abkhazia. Reports were unclear on whether the bomb was a suicide or the man was targeting the TV station itself. Abkhazia and South Ossetia broke away in 2008 after a brief war between Georgia and Russia. Russia recognises their independence.

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(News report from Issue No. 301, published on Oct. 21 2016)

Success of conservative party reflects Georgian society

TBILISI, OCT. 18 2016 (The Conway Bulletin) — The success of the Alliance of Patriots party in Georgia’s parliamentary election this month underlines the spread of conservative views amongst ordinary Georgians, analysts said.

The group, set up in 2012, became the first minor party under a new constitution to break through the 5% barrier to automatically win six seats through the proportional representation element of the election in the 150 seat parliament.

The Alliance of Patriots sees itself as staunchly pro-religion and nationalistic, views which, Tbilisi-based analyst Zaal Anjaparidze said, were reflective of a shift in public opinion.

“Opinion polls in Georgia for the last four years have been showing some rise in Euro sceptic thinking and the alienation of parts of Georgian society from liberal values,” he told The Bulletin, views held by other Georgian political commentators.

“They have succeeded in occupying this niche and capitalising on it during the election campaign.”

The Alliance of Patriots may also have an influential role to play in the next parliament as natural allies of the ruling Georgian Dream coalition which is also close to the Orthodox Church. Many of the Georgian Dream’s supporters have said that they want to change the Georgian constitution to state that marriage can only be between a man and woman.

Detractors of the constitutional amendments say it is discriminatory, anti-liberal and contrary to the values of the EU which Georgia aspires to join but its supporters know they have the backing of a large section of the public, as reflected by the success of the Georgian Dream and the Alli- ance of Patriots.

In Tbilisi, Soso, a scientist, reflected the views of many people.

“Before being an Orthodox Christian, I am Georgian,” he said. “Same sex marriage is against our tradition, our beliefs and against the true essence of being Georgian. Such an amendment is absolutely necessary.”

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(News report from Issue No. 301, published on Oct. 21 2016)

Remittances grow in Georgia

OCT. 14 2016 (The Conway Bulletin) — Remittance data from Georgia showed an overall increase of 3.6% for the first nine months of the year compared to the same time in 2014, although cash from Russia continued to fall, media reported. Russia is the biggest source of remittances to Georgia, and the rest of the Central Asia and South Caucasus region. It sent only $282m to Georgia in Jan. – Sept., down 12.3%. Remittances from Greece stood at $93m (up 1%) and from the US at $89m (up 11%). The data is important because is shows that, unlike its South Caucasus and Central Asia neighbours, Georgia is not overly reliant on remittances from Russia.

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(News report from Issue No. 301, published on Oct. 21 2016)

Flights restart between Turkmenistan and Georgia

OCT. 17 2016 (The Conway Bulletin) – Georgia and Turkmenistan will launch new direct flights in November, linking Tbilisi and Ashgabat. The flights will run twice weekly and will be operated by Turkmenistan Airlines. Since Georgian President Giorgi Margvelashvili’s visit to Turkmenistan in 2014, relations between the two countries have improved. Now, the governments want to boost trade beyond oil products which dominate.

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(News report from Issue No. 301, published on Oct. 21 2016)

Georgia joins EU’s Energy Community

TBILISI, OCT. 14 2016 (The Conway Bulletin) — Georgian energy minister Ilia Eloshvili signed a deal for Georgia to join Europe’s Energy Community, meaning that it will now impose various EU rules and regulations over its electricity and gas networks.

For Georgia, joining the Energy Community is another step towards integrating its economy, and in this case energy network, more closely with the EU.

Earlier this year it entered into an Association Agreement with the EU which will make it easier to sell goods in Europe and this month EU members states said that Georgia should receive visa-free access to the Schengen zone.

At the signing ceremony in Sarajevo, the capital of Bosnia Herzegovina, Mr Eloshvili was clear about Georgia’s overall intentions.

“By receiving the status of the contracting party, we plan to embark on the implementation of new round of reforms for approximating Georgia’s energy sector with the European Union energy market rules,” media quoted him as saying.

Georgia had said in February that it wanted to join the Energy Community. Along with EU member states, Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Moldova, Montenegro, Serbia and Ukraine are members of the Energy Community.

Georgia is expected to become a member next year after its parliament ratifies the deal and Dominique Ristori, director general for Energy at the European Commission said it would give the project momentum.

“With yet another new country joining the Energy Community family, this framework for the creation of a pan-European energy system is once again showing that it is relevant and successful,” he said.

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(News report from Issue No. 301, published on Oct. 21 2016)

Gerogia TBC Bank completes buyout of rival

TBILISI, OCT. 18 2016 (The Conway Bulletin) — Georgia’s TBC Bank completed the takeover of Bank Republic, making it the biggest bank in the country in terms of loans.

At the same time, the Georgian Central Bank suspended the licence of Progress Bank, linked to former energy minister Kakha Kaladze and billionaire Bidzina Ivanishvili, suggesting that a deal for TBC Bank to buy it was about to go through.

TBC had bought most of Bank Republic last month from Societe Generale for 315m lari ($136m) but still had to buy the final 6.4% from the European Bank for Reconstruction and Development.

Vakhtang Butskhrikidze, TBC Bank CEO, enthused about the future. “We believe the acquisition of Bank Republic is a critical step in delivering on TBC Bank’s strategy and represents a major step forward

in TBC Bank’s ambition to build the leading banking group in Georgia and the broader Caucasus region,” he was quoted by media as saying.

Importantly, the deals shift TBC Bank from having a 5.3% share of the deposits market to a 34.5% share.

Georgia’s banking sector is generally considered the most advanced in the South Caucasus. Bank of Georgia, TBC’s rival, is listed on the London Stock Exchange.

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(News report from Issue No. 301, published on Oct. 21 2016)

Georgian officials arrest car-bomber

OCT. 17 2016 (The Conway Bulletin) – Georgian police said that they had arrested one man and put out an arrest warrant for another linked to a bomb attack on the car of United National Movement (UNM) MP Givi Targamadze shortly before a parliamentary election this month. Police did not release details of the arrested man. The car bomb, in the centre of Tbilisi, injured four pedestrians.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

 

Georgia’s election committee sets run-offs

OCT. 19 2016 (The Conway Bulletin) — Georgia’s Central Election Commission set Oct. 30 as the date for run- offs in at least 48 single mandate seats which failed to return a majority winner in a parliamentary election on Oct. 8. The vote is important because, although the Georgian Dream is all-but certain to win a majority in the 150-seat parliament, if it wins a total of 113 seats it will be able to make constitutional changes.

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(News report from Issue No. 301, published on Oct. 21 2016)

 

Georgia’s trade with Russia rises

OCT. 16 2016 (The Conway Bulletin) — Georgia’s trade turnover with Russia continued to rise as relations between the two neighbours improves. Geostat, the state statistics agency, said that exports to Russia increased by nearly 18% to $612m in the first nine months of the year and imports from Russia were up nearly 15% at $480m.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)