Welcome to the Caspian Daily, where you will find the 10 most important things you need to know on Caspian Sea Region. We appreciate ideas, reports, news and interesting articles. Send along to Caspian[at]moderndiplomacy.eu or on Twitter: @DGiannakopoulos
1NATO is going to carry out its largest military drills in over 10 years, focusing on battling ISIS, according to NATO commanders. NATO forces will be deployed across the Mediterranean, while Russia is invited to observe the drills. It is unclear whether this is some kind of ruse or NATO just wants to show off in front of Russian President Vladimir Putin. The Alliance’s largest military drills named ‘Trident Juncture’ will be carried out from September 28 to November 6 in Spain, Italy and Portugal as well as in the Mediterranean Sea and the Atlantic Ocean. “We cannot choose between the eastern threat and the southern threat, we have to train for both,” said commander of the NATO military command in Brunssum, Netherlands General Hans-Lothar Domrose, who is in charge of the exercise, as quoted by Reuters.
2Major European nations have no appetite for conflict with Russia“In the final analysis the European powers closest to the Russian threat – Germany and France – have demonstrated they are not prepared to go to war over Ukraine. UN sanctions have been imposed, and that’s about it” [Independent]
3During the recent talks between Japan and Turkmenistan, Japanese partners expressed their intention to invest in the construction of a new international sea trade port in Turkmenistan’s city of Turkmenbashi.This port is designed to become not only the “sea gates” of the country, but also an important and integral part of the high-capacity regional transport infrastructure that is being created today.Earlier, it was reported that following the international tender, Turkish company Gap Insaat, which is part of the Calyk Holding, was named the general contractor for the project for construction of a new Caspian Sea port in Turkmenbashi.
4Almaty-Cholpon-Ata highway. Prime Minister of Kyrgyzstan Temir Sariev during a meeting with his Kazakh counterpart Karim Masimov raised the issue of construction of the Almaty-Cholpon-Ata highway, Kabar news agency reported on July 21. “We have established direct flight from Almaty to Tamchy, but it is not enough. We need to build high-speed road from Almaty to Cholpon-Ata. Then Kazakh people will drive to Issyk-Kul lake in 2.5 hours,” said Sariev.Prime Minister of Kazakhstan instructed relevant state agencies to expedite the construction of the highway.
5Foreign investments in Azerbaijan’s fixed capital increased by 46.3 percent in January-June 2015, according to a report by the Azerbaijani State Statistics Committee. Under the report covering a period of six months, the total volume of foreign investments made in Azerbaijan’s fixed capital amounted to 3.2 billion manats(approximately $3.05 billion). More than 2.85 million manats (over 88.5 percent) of investments made in county’s fixed capital by the foreign countries and international organizations over the first half of this year belonged to investors from the UK, Norway, Russia, Iran, Sweden, USA, Turkey, and Japan.
6Kazakhstan is ranked 50th in the Government Efficiency Index. The efficiency index considers expenditures, workload regulations and political transparency. The Government Efficiency Index is led by Qatar that is followed by Singapore and Finland. The outsiders of the list are Argentina, Italy and Venezuela that landed on the last lines of the ranking. Kazakhstan beats of a number of European countries in government efficiency, according to the list. In particular, Kazakhstan is ahead of Belgium, France, the Check Republic, Hungary, Spain, Portugal, Bulgaria, Slovenia, Serbia and Romania. South Korea, Israel and India were, too, beaten by Kazakhstan in the ranking. Russia, Armenia, Latvia, Moldova, Ukraine, Lithuania and Kyrgyzstan are also ranked below the 50th place.
7Netanyahu steered U.S. toward war with Iran – the result is a deal he hates. “Much of the criticism of the Iran nuclear deal has focused on the fact that it is entirely limited to the nuclear issue, which leaves Iran a free hand — and new resources — to continue policies that have angered regional and international players. There is no denying that if Iran plays its hands well and uses the next decade to build its economic and political potential, its regional influence is likely to expand, as is its capacity to do the sort of things that have angered Israel and Gulf Arab states” writes Shibley Telhami for Reuters.
8Turkmenistan will start producing high-quality Euro-5 gasoline at the Seidi refinery from 2016, the country’s Oil and Gas Industry and Mineral Resources Ministry reported.The U.S. Westport Trading Europe Limited company won the tender for the design and reconstruction of a production facility for the new generation gasoline.This novel motor fuel is distinct from the previous generations in that it has a lower content of sulfur and polycyclic aromatic hydrocarbons. With Euro-5, engines work quieter, they can be started much more quickly and easily, corrosion is prevented, and vibration and fuel consumption is reduced.
9Why is the Iran deal bad? “Think North Korea. Perhaps Iran will cooperate, but so far, it has not come clean with the IAEA about 12 existing “areas of concern” regarding the “possible military dimensions” of its nuclear program. That is not a good sign. It suggests that Iran, like North Korea (or, for that matter, Iraq during the 1990s), is likely to play a game of cat-and-mouse with inspectors — and that if it does cheat, as North Korea did, the world will again discover it is too late to do anything about it” writes Max Boot for the Los Angeles Times.
10Almaty 2022 Accommodation Plan A Key Asset. After a nearly two year bidding race, Almaty 2022 is ready and excited to welcome the international community to its beautiful city. Almaty, Kazakhstan’s largest city has seen a rapid rise in its tourism sector. With annual growth rates of almost 11% in hotel rooms, Almaty is one of the fastest growing tourism destinations in all of Central Asia.
Scaling up climate finance in Asia-Pacific through Financial Centres for Sustainability
Financial Centres for Sustainability (FC4S) today launched its Asia-Pacific Centre, one of several important steps taken to scale up the financing required for climate action and sustainable development, at the 2nd meeting of the global network.
The new centre will be located in Shanghai Lujiazui Financial City, which will work with other cities in the Asia-Pacific region to promote the innovation and development of sustainable and green finance. Lujiazui is an international financial center with a high concentration of financial institutions, dynamic capital markets and a vast financial talent pool.
The most recent report of the Intergovernmental Panel on Climate Change (IPCC) concluded that an additional 1.5 per cent in global investment would be needed to hold global warming to 1.5 degrees Celsius. Mobilizing the world’s financial centres will be crucial to achieving the system transition that the IPCC has recommended.
Lujiazui Financial City and Casablanca Financial City also signed an agreement to strengthen cooperation in sustainable finance, green finance and exchange of resources, while Lujiazui Financial City unveiled the Green Finance Integrated Development Platform, the first regional online green finance platform.
This platform provides a practical place to exchange information on green projects, capital and finance from home and abroad, enabling companies and institutions to match supply and demand, and integrate resources.
Meeting in Shanghai, the global network also appointed two co-chairs to provide strategic leadership: Pierre Ducret, board member of the Paris-based Finance for Tomorrow initiative and Kong Wei, chair of the Shanghai Green Finance Committee.
In addition, a new Wall Street Working Group on Sustainable Finance is being formed, and is considering joining the network to represent New York.
“The IPCC report has shown more clearly than ever the need to mobilize the trillions for climate, and accelerating action is a priority for France,” said Ducret. “I’m honoured to be appointed as a co-chair of the Financial Centres for Sustainability network – and view this as a great opportunity to strengthen international cooperation at a time of great uncertainty.”
“Green finance is a national priority in China to develop a cleaner and more prosperous economy,” said Kong Wei. “ I feel privileged to take up the role of co-chair of the Network and will use this opportunity to promote practical measures that enable all financial centres to play their role in the transition that lies ahead.”
Curtis Ravenel, Global Head of Sustainable Business & Finance, Bloomberg said: “To solve the climate challenge, we need more sustainable finance product innovation and scale across the U.S. and international capital markets. Along with the growing roster of global hubs that are part of the FC4S Network, Bloomberg is working with a number of financial institutions and others to explore the formation of a Wall Street Sustainable Finance working group to scale capital deployment aligned with the goals of the Paris Agreement.”
Satya Tripathi, Assistant Secretary General, UN Environment said: “UN Environment works across the sustainability and finance agenda – and I see that the FC4S Network is having a significant impact on the international policy sphere. These moves will further consolidate the Network’s leadership role.”
Nick Robins, the founder of the FC4S network and Special Advisor on Sustainable Finance, UN Environment said: “We need financial centres to be fit for purpose in the rapid transition that lies ahead. With Pierre Ducret and Kong Wei as co-chairs, the network has the strategic leadership it needs for the next phase.”
China, UNIDO collaborate to support the first China International Import Expo
China will host the first China International Import Expo (CIIE) from November 5 to 10, 2018, in Shanghai, in cooperation with the United Nations Industrial Development Organization (UNIDO) and other international organizations.
Today, a project document was signed by UNIDO Director General LI Yong, and the Minister Counsellor YAO Shenhong of the Permanent Mission of China. UNIDO will assist relevant departments of the Government of China to organize the China International Import Expo, in order to promote international cooperation, facilitate imports to China from all countries and regions around the world, and increase the awareness and participation of the public and private sectors.
This project will contribute to increasing exports from other developing countries, middle-income countries (MICs) and least developed countries (LDCs), and promote their SME development by organizing international trade forums and exhibitions related to agro-industry value chain and high-end intelligent manufacturing.
“The objectives of the Expo are in line with UNIDO’s mandate and support the realization of Sustainable Development Goals 9 and 17,” said Li, “The CIIE will promote international cooperation and facilitate imports to China from the entire world, and will thus contribute to the advancement of inclusive and sustainable industrial development (ISID) and the 2030 Agenda for Sustainable Development.”
Minister Counsellor YAO Shenhong of the Permanent Mission of China stated, “The CIIE is an important move for the Chinese government to give firm support to trade liberalization and actively open the Chinese market to the world. We believe that, with this project, UNIDO’s expertise and experience will significantly contribute to the success of the Expo. We also sincerely welcome all stakeholders across the world to participate in CIIE and to explore the Chinese market.
UNIDO and CIIE will establish a mechanism for long-term cooperation that will include the launching of UNIDO investment-related reports, the sharing of results of the UNIDO Programmes for Country Partnership, and the fostering of the development of SMEs, for example through e-commerce. Environmental sustainability will be one of the core issues.
First Global Gastronomy Tourism Startup Competition Launched
The World Tourism Organization and Basque Culinary Center (BCC), have launched a pioneering initiative for the gastronomic tourism sector, with a global call for startups or companies, mature or emerging, technological and non-technological, with innovative ideas capable of revolutionizing and integrating gastronomy in tourism and inspiring tourists with new ways and reasons to travel.
The gastronomic tourism sector is moving towards innovation and the diversification of its offerings. UNWTO, in collaboration with its Affiliated Member, Basque Culinary Center (BCC), has launched the 1st UNWTO Gastronomy Tourism Startup Competition, the first and largest initiative in the world dedicated to identifying new companies that will lead the transformation of the gastronomic tourism sector.
Intangible cultural heritage has become the decisive factor that attracts and captivates tourists. Gastronomy tourism, as a component and vehicle of culture and tradition, is an indispensable resource that adds value and provides solutions for destinations that seek to stand out through unique product offerings.
The Competition will make it possible to identify the best solutions and projects that contribute the most to the sector through pioneering proposals in the implementation of emerging and disruptive technologies, as well as emerging companies or startups. It aims to identify challenges and projects, and to catalyse innovations that can transform the Gastronomy Tourism sector in the near future.
“Innovation and tourism investments are not ends in themselves, but are means to promote better tourism products, improve tourism governance and harness its proven capability to foster sustainability, create jobs and generate opportunities,” said UNWTO Secretary-General, Zurab Pololikashvili.
“Education and innovation are essential for the development of sustainable gastronomic tourism. At Basque Culinary Center, we support entrepreneurship and the development of new business projects to ensure the future of the sector. In this regard, we are proud to once again team up with our partners at UNWTO in order to continue fostering entrepreneurship and innovation linked to gastronomy tourism through this initiative,” said Joxe Mari Aizega, General Manager of Basque Culinary Center.
UNWTO and Basque Culinary Center have entrusted the process of finding startups to BCC Innovation through its Culinary Action! programme, which has accelerated nearly 50 startups by providing innovative, sustainable and high added value solutions to the gastronomy value chain.
Sustainability and technology
Startups are invited to pitch business models that are related to sustainability, respect the value chain, offer an authentic and coherent narrative, and add value to cultural and local heritage.
The winners of this competition will have the opportunity to present their projects at the 5th World Forum on Gastronomy Tourism (2-3 May 2019, San Sebastián, Spain), with the possibility of receiving personalized consulting and mentoring from the BCC experts of project accelerator Culinary Action!
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