NOV. 3 2015 (The Conway Bulletin) – Turkmenistan built a supersized glass and aluminium yurt to celebrate the city of Mary’s position as 2015 Culture and Arts Capital of the Turkic World, media reported. The yurt, which can hold up to 3,000 people, drew criticism. Central Asian governments are given to grandiose projects, projecting an image of being out-of-touch.
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(News report from Issue No. 255, published on Nov. 6 2015)
NOV. 5 2015 (The Conway Bulletin) – Photographs and anecdotal evidence from Uzbekistan showed that queues for petrol at service stations are growing longer and longer. A collapse in the value of the Uzbek sum has hit the Uzbek economy hard. Uzbekistan also has a shortage of refining shortages.
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(News report from Issue No. 255, published on Nov. 6 2015)
NOV. 4 2015 (The Conway Bulletin) – The number of abortions in Georgia increased by three times between 2000 and 2012, new statistics published by Geostat showed. The statistics did also show a dip of 14% from 2012 – 2014. The abortion rate is significant in Georgia because of its generally traditional, church orientated society.
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(News report from Issue No. 255, published on Nov. 6 2015)
NOV. 5 2015 (The Conway Bulletin) — London-traded KMG EP said sustained low oil prices had halved revenues in the first nine months of the year compared to the same period in 2014, a heavy warning for Kazakhstan that the near-term outlook for its economy is poor.
KMG EP saw its revenues fall, in US dollar terms, by 54% to 349b tenge ($1.8b), mirroring a 48% fall in Brent oil prices. Net profit dropped to 138b tenge ($703m), a fall of 49% in US dollar terms.
And it said that oil prices would remain weak.
“There is a risk that prices for the domestic market supplies for October to December 2015 will be significantly lower than the prices set in September 2015,” KMG EP said in the report.
KMG EP is among the top three producers of oil in Kazakhstan and participates in several international oil and gas projects.
It’s one of the Kazakh government’s main cash earning companies and its financial performance acts as a barometer on Kazakhstan’s economy. If Kazmunaigas, and KMG EP, is doing well, the Kazakh economy is generally doing well too.
KMG EP also said that in tenge terms, its salary costs have increased by 22%.
“This was largely due to an indexation of salary for production personnel by 7% in January 2015, the introduction of a Unified System of Wages for production employees from April 2014 onwards, a 10% increase in wages related to the devaluation of the Tenge from April 2014 onwards, and an increase in production bonuses from 25% to 33% for supporting production personnel from September 2014 onwards,” KMG EP said.
The Kazakh Central Bank stripped the tenge of its peg to the US dollar in August, effectively allowing the currency to devalue by 25%,a second devaluation in two years which has halved the tenge’s value. Businesses have had to promise employees salary increases to compensate for the fall in the value of the tenge, pushing up inflation across the country.
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(News report from Issue No. 255, published on Nov. 6 2015)
OCT.31/NOV. 3 2015 (The Conway Bulletin) – US Secretary of State John Kerry visited Tajikistan and Kyrgyzstan as part of a tour of Central Asia. In Bishkek, Mr Kerry wanted to persuade the government that despite quitting its airbase, the US was still interested in Kyrgyzstan. In Dushanbe, Mr Kerry told the government to ease up on its crackdown of opposition parties.
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(News report from Issue No. 255, published on Nov. 6 2015)
NOV. 5 2015 (The Conway Bulletin) – Keen to boost its imports of gas, Georgian energy minister Kakha Kaladze said that Georgia could buy Iranian gas through either Azerbaijan or Armenia. Mr Kaladze is due in Tehran later this month. Last month he started talking to Russia’s Gazprom about buying more gas, sparking anger from many ordinary Georgians. Georgia and Russia fought a brief war in 2008.
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(News report from Issue No. 255, published on Nov. 6 2015)
NOV. 5 2015 (The Conway Bulletin) – Azerbaijani president Ilham Aliyev flew to Tbilisi for a meeting with Georgian President Giorgi Margvelashvili where the they were expected to discuss a so called strategic partnership. Georgia and Azerbaijan have grown increasingly close because they share major oil and gas pipelines running from the Caspian Sea to Turkey and then on to Europe.
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(News report from Issue No. 255, published on Nov. 6 2015)
OCT. 31 2015 (The Conway Bulletin) – The Tajik authorities asked media to refrain from reporting on the now banned Islamic Renaissance Party of Tajikistan (IRPT). According to officials, the IRPT had planned to overthrow the Tajik government before its leaders were arrested in September. They have said foreign media has been duped into painting them as victims of repression.
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(News report from Issue No. 255, published on Nov. 6 2015)
NOV. 2 2015 (The Conway Bulletin) – As expected, the ruling Yeni Azerbaijan party won parliamentary elections in Azerbaijan, securing President Ilham Aliyev’s control over the legislative assembly.
Azerbaijan’s Central Election Committee said that Yeni Azerbaijan had won 69 seats in the 125-seat parliament, slightly lower than five years ago. Independent MPs, who are in reality loyal to Mr Aliyev, won most of the other seats, giving him near total control.
Mr Aliyev said that the result reflected the will of Azerbaijan’s people and gave him a mandate for change.
“The factors, hindering the development of the country, as well as corruption cases should be eliminated. There is a strong political will and public support for achieving it,” he told media after the election.
The West had criticised Azerbaijan for cracking down on civil liberties and in the run-up to the election its main vote monitoring watchdog, the OSCE’s ODHIR, pulled out of covering the election after a row with the Azerbaijani authorities over the number of monitors it was allowed.
Tension has grown this year between the West and Azerbaijan. After the election result the US said: “We continue to have concerns about the restrictive political environment in Azerbaijan and urge the Government of Azerbaijan to respect the freedoms of peaceful assembly, association, and independent voices including the media.”
Russia, by contrast, praised the election as free and fair. European vote monitors have never said an election in Azerbaijan was free or fair.
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(News report from Issue No. 255, published on Nov. 6 2015)
OCT. 31 2015 (The Conway Bulletin) — The Georgian Chamber of Commerce launched an investigation into what it has said is a major gap in the country’s healthcare coverage which leaves over 400,000 Georgians uninsured. The timing of the study is pertinent. In October, Georgia Healthcare Group, the largest healthcare provider in Georgia, said it wanted to raise $100m in an IPO in London to modernise two of its private hospitals in Tbilisi.
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(News report from Issue No. 255, published on Nov. 6 2015)