By Eka Janashia (the 22/01/2014 issue of the CACI Analyst)
2013 saw a significant depreciation of the Georgian national currency Lari (GEL) compared to both the US$ and the Euro. From the beginning of last year until now, the Lari's exchange rate has dropped against the U.S. and EU currency by over 5 and 7 percent respectively. Georgia's Minister of Finance, Nodar Khaduri, Minister of Economy and Sustainable Development, Giorgi Kvirikashvili, and the President of the National Bank of Georgia (NBG), Giorgi Kadagidze, insist that there is no reason for panic. However, the steady and speedy depreciation of the Lari has already triggered undesirable expectations among consumers and the business sector.
By Haroutiun Khachatrian (the 22/01/2014 issue of the CACI Analyst)
Armenia's second President Robert Kocharyan presented an unexpectedly harsh criticism of Prime Minister Tigran Sargsyan’s economic policy. The attack demonstrates that cooperation between Kocharyan and Armenia's third President Serzh Sargsyan, may be deteriorating.
By Archil Zhorzholiani (the 08/01/2014 issue of the CACI Analyst)
The post-election period in Georgia, and especially December 2013, has been marked with a new wave of prosecutions against the main opposition party United National Movement (UNM).
By Tavus Rejepova (the 08/01/2014 issue of the CACI Analyst)
On December 15, almost 2.8 million voters cast their ballots to elect new members into Turkmenistan’s first ever multi-party unicameral Parliament, Mejlis. According to the Central Election Commission (CEC), the total voter turnout was 91.3 percent out of all registered eligible voters. The CEC is expected to announce the results of the first multiparty elections in the country next week, while skeptics claim the elections bring no real change in the near future.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.
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