Category Archives: Uncategorised

International Bank of Azerbaijan loans clear up

NOV. 14 2016 (The Conway Bulletin) — In a half-year report, the International Bank of Azerbaijan (IBA), the country’s largest lender, said it completed the first stage of a cleanup of its toxic assets. In the first half of 2016, IBA transferred 9.9b manat (around $6b) to the government-owned credit company Aqrar Kredit. Azerbaijan’s ministry of finance owns 54.9% and Aqrar Kredit owns 27% in IBA.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Turkmenistan makes a deal with EU

NOV. 11 2016 (The Conway Bulletin) — At a meeting in Brussels, Turkmen and EU energy officials confirmed their commitment to making the so-called Caspian Development Corporation, which aims to send gas from Turkmenistan to Europe, become a reality. The Caspian Development Corporation is a concept that has been talked of and worked towards since at least 2010. One of the projects Caspian Development Corporation is exploring is building a pipeline across the Caspian seabed.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Kazakhstan plans finger print database

NOV. 16 2016 (The Conway Bulletin) — Kazakhstan intends to build a database holding fingerprints for all its citizens by 2021, media reported quoting the interior ministry. Deputy interior minister Rashid Zhakupov said that the project will cost 36.8b tenge ($107 million) and is designed to speed up border controls. The initiative should also tighten security across the country.

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(News report from Issue No. 305, published on Nov. 18 2016)

Tajikistan’s debt to GDP ratio rises

NOV. 16 2016 (The Conway Bulletin) — In a speech to parliament to present the government’s budget plans for 2017, Tajikistan’s finance minister Abdusalom Kurboniyon said that the government’s debt measured 36.3% of its GDP, slightly higher than last year. Tajikistan’s debt ratio has been rising over the past couple of years because of an economic downturn triggered by a fall in oil prices and a recession in Russia. In 2014, Tajikistan’s debt to GDP ratio had been around 28%.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Armenia cuts interest rate

NOV. 15 2016 (The Conway Bulletin) — Armenia’s Central Bank cut its key interest rate by 0.25% to 6.5%, its lowest level since at least 201. The Central Bank has been steadily cutting interest rates throughout the year to try to combat falling inflation. At the start of the year, Armenia’s interest rate had been set at 8.75%. The Central Bank said that economic activity was still slow and that it expected soft inflationary pressures to continue.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

 

Azerbaijan’s SOCAR to build terminal in Benin

NOV. 15 2016 (The Conway Bulletin) — During an official visit, a delegation from SOCAR, Azerbaijan’s state owned energy company, said it was interested in building an oil terminal in Cotonou, the capital of Benin. The SOCAR officials didn’t say why they were interested in building an oil terminal in Benin. Azerbaijan’s energy minister Natig Aliyev also visited Burkina Faso’s PM Paul Kaba Thieba and discussed potential cooperation between SOCAR and SONABHY, the coun- try’s state energy company.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Kazakh President travels to East Asia

NOV. 18 2016 (The Conway Bulletin) — Kazakh president Nursultan Nazarbayev continued his tour of East Asia by travelling to Japan from South Korea, his first visit to Tokyo since 2009. On the visit, Mr Nazarbayev concentrated on boosting Kazakh-Japanese relations and also spoke to the Japanese parliament on one of his favourite themes – striving for a nuclear weapons-free world.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Police arrests another prominent Kazakh journalist

ALMATY, NOV. 15 2016, (The Conway Bulletin) — Police in Astana arrested prominent Kazakh journalist Bigeldy Gabdullin for extortion, a charge that his supporters say is fabricated.

Mr Gabdullin is one of Kazakhstan’s most high-profile and influential journalists. He is executive director of the internet-based media company radiotochka.kz and the editor-in-chief of Central Asia Monitor. Both are renowned for being critical of the government and it policies.

The Pen Club, a London-based organisation that promotes writers’ rights, had previously appointed Mr Gabdullin as its representative in Kazakhstan.

“The organization fears he may have been targeted for his reporting critical of government officials,” it wrote in a press statement. “It is calling for him to be released unless clear evidence of a criminal offence is made available and he is charged and tried promptly and fairly in accordance with international fair trial standards.”

Earlier this year, a court in Astana also sentenced Seitkazy Matayev, a former press secretary to Kazakh president Nursultan Nazarbayev and head of the National Union of Journalists in Kazakhstan, to six years in prison for financial crimes.

Journalists in Kazakhstan said that conditions to operate freely have rarely been as bad. Earlier this year, the government created a new information ministry. One of its first acts was to introduce rules for the media which journalists said are designed to stifle free speech.

At a meeting set up to reassure journalists, Dauren Abayev, the minister for information and communication, said the rules were not designed to crush free speech but instead to improve quality.

“The whole system will be improved. There was done a lot of work before we brought up this bill for discussion,” he was quoted as saying by media.

“It is not a crackdown but instead has been done for the end-user, for the citizens of the country.”

Journalists were less impressed.

A journalist from the vlast.kz website said: “The adoption of new amendments might significantly complicate the work of journalists, and with the recent arrests and verdicts it is hard to imagine how this can end well for journalism in Kazakhstan.”

Another anonymous journalist said that the rules and requirements had gotten so complicated that it was difficult to decipher how to avoid being sanctioned and that the new requirements had undermined independent journalism in Kazakhstan.

“There is almost no independent media left. And indifference of the majority of journalists to this legislation is very demonstrative,” she said.

“They know that nothing depends on them. If they open their mouths, they will be fired. Only those who still write or try to write freely are resisting it.”

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Uzbekistan detains German reporter

NOV. 15 2016 (The Conway Bulletin) — Almaty-based Edda Schlager, a German freelance journalist, was deported from Uzbekistan for working without accreditation. Uzbekistan severely limits accreditation for foreign journalists and Ms Schlager admitted that she had been working as a journalist on a tourist visa. International interest in Uzbekistan has increased since the death in September of Islam Karimov, who ruled the country since the 1991 breakup of the Soviet Union.

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(News report from Issue No. 305, published on Nov. 18 2016)

 

Russia protests Georgian military exercises

NOV. 15 2016 (The Conway Bulletin) — The Russian government sent an official protest note to Georgia over Georgian-NATO military exercises which it described as a serious threat to peace and stability in the region. NATO keeps a permanent training base in Georgia. Both NATO and Georgia shrugged off the Russian complaint and said they were not aimed at Russia. Georgia wants to join NATO.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 305, published on Nov. 18 2016)