September 17 became "Black Saturday" in the history of the dollar in Azerbaijan. In just a few hours, the exchange rate of U.S. dollar to the Azerbaijani manat fell by almost 20% (from 4,600 manat per dollar to 3,800 manats), creating chaos and panic in... MORE

Russia's state-run power monopoly, Unified Energy Systems (UES), is close to formalizing its effective purchase of Armenia's electricity grid, giving Moscow near total control over the Armenian energy sector. The government in Yerevan indicated on September 15 that it would green light a deal that... MORE

Georgian President Mikheil Saakashvili and his team are continuing to send varied signals about their plans for Georgia's breakaway region of Abkhazia. The recent initiative by Georgian and Abkhaz officials to advance confidence-building measures by signing an agreement about non-resumption of hostilities (see EDM, August... MORE

As Azerbaijan's November 6 parliamentary elections draw closer, opposition parties are becoming more active. On Saturday September 10 the opposition bloc Azadliq (Freedom), a coalition of three major parties in Azerbaijan -- Musavat, Popular Front, and Democratic Party – held yet another rally in Baku... MORE

In recent weeks both the Georgian and the Azerbaijani media have actively speculated whether the government of Georgian President Mikheil Saakashvili would support a popular revolution in neighboring Azerbaijan. Some analysts tend to link the recently cooled relations between Tbilisi and Baku with this issue.... MORE

Setting the stage for another government showdown with the opposition, Armenia's parliament approved on September 1 the final version of President Robert Kocharian's Western-backed constitutional amendments that will be put to a national referendum in November. The move came after three days of heated debates... MORE

On August 17 in Moscow, Abkhaz leader Sergei Bagapsh openly confirmed the political program of Abkhazia's secession from Georgia and de facto merger with Russia. Speaking at a specially organized, widely covered news conference, he outlined a set of legislative, economic, and military measures to... MORE

Although the Azerbaijani constitution sets the number of national parliamentary seats at 125, the actual number of deputies in the Azerbaijani parliament has always been 124. The empty seat belonged to district 122, located in Khankendi (Stepanakert), the capital of Karabakh, which is currently under... MORE

Georgia and its separatist region of Abkhazia have marked the 13th anniversary of their civil war in understandably different ways. This difference, accompanied by challenging statements and moves from the Abkhaz leadership, suggests that a mutually acceptable conflict settlement remains a very remote prospect. Last... MORE

Lt.-General Valery Yevnevich, responsible for "peacekeeping" operations as deputy commander-in-chief of Russia's Ground Forces, commented on the withdrawal from Georgia, "Russia does not withdraw, it consolidates." While Yevnevich is posted in Tbilisi to oversee the first phase of that withdrawal, his immediate subordinates in Russia's... MORE