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20.03.15 - 26.03.15



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Nabucco Revived – Trans Anatolian Pipeline to Test Russian Resolve

Author: Zaza Jgharkava

Predictions made by Gazprom authorities about the demise of the Nabucco pipeline appear to have been inaccurate. Last week in Kars, Turkey, presidents of Azerbaijan, Georgia and Turkey informed the world about the rebirth of this pipeline under a new name, TANAP. The Trans Anatolian Pipeline (TANAP) will be a continuation of the South Caucasian pipeline. It will start from the Georgia-Turkey border and will reach the Turkey-Bulgaria border. TANAP will join the Trans Adriatic Pipeline (TAP) on the western border of Turkey. From there, TAP will cross Greece and Albania up until the Adriatic Sea. Then the pipeline will continue underwater to Italy and join the gas transportation network of Italy.

Years ago, Russia tried to kill of the possible competition of Nabucco with what was known as the ‘Southern Flow’. The ‘Southern Flow’ was a success in its initial stage. This is probably why the general manager of Gazprom Alexei Miller was pleased to advise President Putin of the supposedly imminent death of the Nabucco project. The Kremlin initiated a Ukrainian blitzkrieg shortly after the perceived energy triumph, bringing financial paralysis of not only gas but also the entire Russian economy. But now the Russian silence is deafening as Nabucco’s revival appears to be taking place.

Comments in the Russian media about TANAP

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Khaduri and Kvirikashvili Present Plans to Overcome Current Economic Situation

Aiming to recover from the current economic situation, Minister of Finance, Nodar Khaduri and the Minister of Economy and Sustainable Development, Giorgi Kvirikashvili presented a new strategy at the Economic Committee on March 12, stating that in order to maintain a budget deficit limit, cutting administrative costs remains essential.

He explained that cutting costs will not affect infrastructure projects and social expenditures, and asked all of the structures which are not part of the executive authority, including the Presidential administration, Parliament and Court, to act accordingly.

Khaduri noted that the Ministry will concentrate on protecting customers’ interests in the financial sector, setting up a pension reform, creating deposit insurance and developing capital market via carrying out activities to make a better environment in the country.

Kvirikashvili on the other hand, has presented a three-year plan consisting of short-term, mid-term and long term goals to help Georgia overcome its current challenges. According to him, the short-term plan implies privatization of state-owned assets, which will give $300-500 million to the government.

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