Author Archives: admin

Kazakhstan’s gas distributor loses revenue

MARCH 18 2016 (The Conway Bulletin) – Kazakhstan’s gas distributor Kaz- TransGas Aimak lost around 124b tenge ($365m) in 2015 selling gas on the domestic market because the government insisted that it keeps prices down. “Every year we incur losses because the wholesale price is kept below production and transport cost, but we make up for the losses in other departments, such as transit and exports,” the company’s CEO Ibulla Serdiyev said in a statement. KazTransGas Aimak is a subsidiary of state-owned Kazmunaigas.

ENDS

(News report from Issue No. 273, published on March 25 2016)

Azerbaijan’s SOFAZ to spend big

MARCH 18 2016 (The Conway Bulletin) – Azerbaijan’s President Ilham Aliyev signed a decree to set SOFAZ’s spending at 10.7b manats ($6.5m) and revenues at 4.6b manats ($2.8b) for 2016, meaning that the fund will post a loss for the second consecutive year. Assets held by SOFAZ, Azerbaijan’s sovereign wealth fund, dropped by 9.5% in 2015 to $33.6b because it paid around 8b manats ($5.16b) into the state budget to help the country weather the economic downturn.

ENDS

(News report from Issue No. 273, published on March 25 2016)

Armenia’s power production rises

MARCH 22 2016 (The Conway Bulletin) – Armenia’s electricity production grew by almost 9% in February compared to the same period last year, pushed up again by the proliferation of small hydropower stations. For the first two months of 2016, electricity generation grew by 7% to 1.3b kWh. The Metsamor nuclear power plant accounted for 42% of the total power generation in the country. Power generation has become big business in the South Caucasus, with countries trying to meet a jump in demand.

ENDS

(News report from Issue No. 273, published on March 25 2016)

Kazakh ministries ban smart phones

MARCH 18 2016 (The Conway Bulletin) – Government ministries in Kazakhstan have banned smart phones from buildings to try and stop official documents being leaked. The ban, apparently, was to try and stop officials from photographing documents with their smart phone and then sending them on to people using WhatsApp. Kazakhstan has launched a number of drives over the past few years to try and professionalise its civil service.

ENDS

(News report from Issue No. 273, published on March 25 2016)

Les Copains opens shop in Kazakhstan

MARCH 18 2016 (The Conway Bulletin) — Italian retailer Les Copains, luxury handbags, opened its first shop in Kazakhstan. The new boutique will be located in the Esentai Mall, Almaty’s luxury shopping centre. Earlier, the company had opened shops in Moscow. Les Copains said it is looking to expand further in Asia and in the former Soviet Union.

ENDS

(News report from Issue No. 273, published on March 25 2016)

Armenia receives Russian PM

MARCH 16 2016 (The Conway Bulletin) – Armenian PM Hovik Abrahamyan hinted that a final decision on the long-running negotiations with Russia over gas prices would be made when Russian PM Dmitri Medvedev visits Yerevan next month. Armenia imports all its gas from Russia, one of its most important allies, and has asked for a cut in price to help it cope with an economic downturn. Russia has agreed a cut but not as drastic as Armenia had wanted.

ENDS

(News report from Issue No. 272, published on March 18 2016)

Azerbaijan and Turkmenistan to sign TASIM

MARCH 17 2016 (The Conway Bulletin) – Azerbaijan and Turkmenistan are close to signing a deal on the so called Trans-Eurasian Information Super Highway (TASIM) that aims to lay a superfast broadband cable linking Europe and Asia, media reported. The Azerbaijan-Turkmenistan deal aims to span the Caspian Sea.

ENDS

(News report from Issue No. 272, published on March 18 2016)

Azerbaijan cancels daylight saving time

MARCH 17 2016 (The Conway Bulletin) – Azerbaijan cancelled daylight saving time, first introduced in 1997. It’s unclear, specifically, why Azerbaijan decided to abandon its daylight saving time. News reports said that Azerbaijan’s time would remain at GMT +4.

ENDS

(News report from Issue No. 272, published on March 18 2016)

Editorial: Azerbaijan’s pardon

MARCH 18 2016 (The Conway Bulletin) – In the past weeks, European Union representatives had said soothing, nice words to Azerbaijan’s leadership, especially in light of its key participation in the Southern Gas Corridor infrastructure complex, which will bring Caspian Sea gas to Europe by 2019.

Human rights advocates in the West had lobbied loudly for a hardline position regarding the government’s crackdown on political freedoms.

But the EU chose to avoid the critical topic and went on talking business.

Azerbaijan’s President Ilham Aliyev’s decision to free some political prisoners must be read as a payment in kind to the EU’s soft hand on human rights.

While welcoming the gesture, people in Azerbaijan are still waiting for the release of Ilgar Mammadov, Khadija Ismayilova and Intigam Aliyev, three political prisoners that were not pardoned.

By pardoning political prisoners, the government is holding out an olive branch towards the West, more than towards domestic actors. The struggle for them, for independent media and for opposition parties, is not over just yet.

ENDS

Editorial from Issue No. 272, published on March 18 2016)

Georgia picks CBanker

MARCH 16 2016 (The Conway Bulletin) – Georgia’s Central Bank picked Koba Gvenetadze, a former IMF banker, to be its chief, replacing Giorgi Kadagidze whose term finished in February. The following day, President Giorgi Margvelashvili approved Mr Gvenetadze’s 7-year term at the Bank. Georgia’s economy has been under increased pressure from the falling value of the lari and rising inflation linked to a fall in oil prices and recession in Russia.

ENDS

(News report from Issue No. 272, published on March 18 2016)