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South Caucasus News

CBA currency reserves exceed $10B


As of November 1 of this year, the currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $10.5 billion, up 7.4% from the previous month, Report informs.


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South Caucasus News

Iran’s FM: US responsible for situation in Middle East


If the war in the Middle East does not end soon, an uncontrollable situation will arise, Iranian Foreign Minister Hossein Amir Abdollahian said at a press conference with his Turkish counterpart Hakan Fidan, Report informs.

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South Caucasus News

Hakan Fidan: ‘We must prevent Israeli-Palestinian conflict from turning into regional war’


“We must prevent the Israeli-Palestinian conflict from turning into a regional war,” Turkish Foreign Minister Hakan Fidan told a press conference with his Iranian counterpart Hossein Amir-Abdollahian in Ankara, Report informs.

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South Caucasus News

Türkiye hopes to launch gas hub in country in 2024


Türkiye hopes that the launch of a gas hub in the country will take place in 2024

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South Caucasus News

Kazakhstan, France ink number of documents on co-op development


Kazakhstan and France have signed a declaration of intent on cooperation on strategic minerals

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South Caucasus News

CBA, IMF mull state of financial and banking sectors


The state of the financial and banking sector was discussed between the Central Bank of Azerbaijan (CBA) and the International Monetary Fund (IMF), Report informs referring to the bank.

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Audio Review - South Caucasus News

Indonesian Court Jails CEO, Three Others, over Deadly Cough Syrup


An Indonesian court sentenced to jail on Wednesday the chief executive and three other officials of a company whose cough syrup has been linked to the death of more than 200 children, for violating drug safety laws, the company’s lawyer said.

The Indonesian company, Afi Farma, was accused of producing cough syrups containing excess amounts of toxic material and prosecutors charged the four officials for “consciously” not testing the ingredients, despite having the means and responsibility to do so, according to a charge sheet. 

The company’s lawyer, Reza Wendra Prayogo, said they denied negligence and the company was considering whether to appeal.

The officials, including CEO Arief Prasetya Harahap, were sentenced to two years in prison by a court in the town of Kediri, in East Java province, where the company is based.

Prosecutors, who had sought up to nine years in prison for the accused, said that Afi Farma did not test the ingredients sent by its supplier and instead relied on certificates provided by them regarding product quality and safety. 

Reza told Reuters in October that Indonesia’s drug regulator, BPOM, did not require drugmakers to do rigorous testing of ingredients.

The case comes as efforts grow worldwide to tighten oversight of drug supply chains after a wave of poisonings linked to contaminated cough syrups that killed dozens of children in countries such as Gambia and Uzbekistan.


Categories
Audio Review - South Caucasus News

Kazakhstan Welcomes France’s Macron under Moscow’s Disapproving Gaze


French President Emmanuel Macron arrived in Kazakhstan on Wednesday on the first leg of a trip to Central Asia, a region long regarded as Russia’s backyard which has drawn fresh Western attention since the war in Ukraine began.

Oil-rich Kazakhstan has already emerged as a replacement supplier of crude to European nations turning off Russian supply and an important link in the new China-Europe trade route bypassing Russia.

At a meeting with President Kassym-Jomart Tokayev, Macron complimented Kazakhstan for refusing to side with Moscow on Ukraine and said the two countries signed business deals, including a declaration of intent for a partnership in the much-sought area of rare earths and rare metals.

Russia has voiced concern at the West’s growing diplomatic activity in former Soviet Central Asian nations. Foreign Minister Sergei Lavrov said last week the West was trying to pull Russia’s “neighbours, friends and allies” away from it. 

“I don’t underestimate by any means the geopolitical difficulties, the pressures … that some may be putting on you,” Macron told Tokayev.

“France values … the path you are following for your country, refusing to be a vassal of any power and seeking to build numerous and balanced relations with different countries in the interest of your people. Such a philosophy is close to France.”

Kazakhstan and Uzbekistan, where Macron goes next, have refused to recognise Russia’s annexation of Ukrainian territories and have pledged to abide by Western sanctions against Moscow, while calling both Russia and Western nations such as France their strategic partners.

“We respect our friends, we are here when they need us and we respect their independence,” Macron said. “And in a world where major powers want to become hegemons, and where regional powers become unpredictable, it is good to have friends who share this philosophy.”

In addition to oil, Kazakhstan is a major exporter of uranium, and France’s Orano already operates a joint venture with its state nuclear firm Kazatomprom. 

“We can call your visit historic, very important,” Tokayev told Macron.


Categories
South Caucasus News

Indonesian Court Jails CEO, Three Others, over Deadly Cough Syrup


An Indonesian court sentenced to jail on Wednesday the chief executive and three other officials of a company whose cough syrup has been linked to the death of more than 200 children, for violating drug safety laws, the company’s lawyer said.

The Indonesian company, Afi Farma, was accused of producing cough syrups containing excess amounts of toxic material and prosecutors charged the four officials for “consciously” not testing the ingredients, despite having the means and responsibility to do so, according to a charge sheet. 

The company’s lawyer, Reza Wendra Prayogo, said they denied negligence and the company was considering whether to appeal.

The officials, including CEO Arief Prasetya Harahap, were sentenced to two years in prison by a court in the town of Kediri, in East Java province, where the company is based.

Prosecutors, who had sought up to nine years in prison for the accused, said that Afi Farma did not test the ingredients sent by its supplier and instead relied on certificates provided by them regarding product quality and safety. 

Reza told Reuters in October that Indonesia’s drug regulator, BPOM, did not require drugmakers to do rigorous testing of ingredients.

The case comes as efforts grow worldwide to tighten oversight of drug supply chains after a wave of poisonings linked to contaminated cough syrups that killed dozens of children in countries such as Gambia and Uzbekistan.


Categories
South Caucasus News

Kazakhstan Welcomes France’s Macron under Moscow’s Disapproving Gaze


French President Emmanuel Macron arrived in Kazakhstan on Wednesday on the first leg of a trip to Central Asia, a region long regarded as Russia’s backyard which has drawn fresh Western attention since the war in Ukraine began.

Oil-rich Kazakhstan has already emerged as a replacement supplier of crude to European nations turning off Russian supply and an important link in the new China-Europe trade route bypassing Russia.

At a meeting with President Kassym-Jomart Tokayev, Macron complimented Kazakhstan for refusing to side with Moscow on Ukraine and said the two countries signed business deals, including a declaration of intent for a partnership in the much-sought area of rare earths and rare metals.

Russia has voiced concern at the West’s growing diplomatic activity in former Soviet Central Asian nations. Foreign Minister Sergei Lavrov said last week the West was trying to pull Russia’s “neighbours, friends and allies” away from it. 

“I don’t underestimate by any means the geopolitical difficulties, the pressures … that some may be putting on you,” Macron told Tokayev.

“France values … the path you are following for your country, refusing to be a vassal of any power and seeking to build numerous and balanced relations with different countries in the interest of your people. Such a philosophy is close to France.”

Kazakhstan and Uzbekistan, where Macron goes next, have refused to recognise Russia’s annexation of Ukrainian territories and have pledged to abide by Western sanctions against Moscow, while calling both Russia and Western nations such as France their strategic partners.

“We respect our friends, we are here when they need us and we respect their independence,” Macron said. “And in a world where major powers want to become hegemons, and where regional powers become unpredictable, it is good to have friends who share this philosophy.”

In addition to oil, Kazakhstan is a major exporter of uranium, and France’s Orano already operates a joint venture with its state nuclear firm Kazatomprom. 

“We can call your visit historic, very important,” Tokayev told Macron.