Category Archives: Uncategorised

Kazakhstan renames Gulen-led schools

OCT. 18 2016 (The Conway Bulletin) — Kazakhstan is renaming a series of schools linked to the Gulenist Movement, blamed by Turkish president being behind a coup attempt earlier in the year, media reported. The movement is headed by the exiled cleric Fethullah Gulen. He has denied any link to the July coup attempt. Gulen schools in Kazakhstan and Kyrgyzstan are considered some of the best and both the Kazakh and Kyrgyz governments have been resistant to closing them despite pressure fromTurkey.

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(News report from Issue No. 301, published on Oct. 21 2016)

Kazakhs turn to credit cards

ALMATY, OCT. 18 2016 (The Conway Bulletin) — Kazakhs are spending more money on credit cards than ever before, new data showed, as they try to work out ways of pulling through a prolonged economic downturn.

Data from the rankings.kz website showed that the amount of credit cards in circulation in Kazakhstan had increased by 250% this year, a jump that suggests a large rise, too, in consumer debt.

Kuralai Abenova, a student in Almaty, was using her credit card to buy kit to renovate her apartment.

“It is very convenient rather than saving money. I can take a large sum of money and then pay little bits of it off regularly,” she said.

A crash in oil prices and a recession in Russia have hit Kazakhstan hard. The tenge currency has lost around 50% of its value since 2014 and inflation is rising.

Analysts have previously warned, though, that Kazakhs’ over-reliance on credit was a weakness that could undermine the economy. During the Global Economic Crisis of 2008/9, Kazakh banks were left with piles of bad debt. The risk is that similar amounts of bad debt are being accrued now.

And this loose attitude towards consumer debt is being replicated in high street shops which are encouraging shoppers to spend through cheap loans.

Saida Zhunusova, a financial consultant at the electronics store Technodom, said she had seen a large increase in the number of people using credit cards or asking directly for credit to pay for products.

“Many people cannot pay for the goods with cash and it is more convenient for them to pay only a part of the cost. Compared to 2014-2015 our sales have doubled because of loans,” she said.

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(News report from Issue No. 301, published on Oct. 21 2016)

Kazakh court fines Ural Oil and Gas

OCT. 20 2016 (The Conway Bulletin) – A court in Kazakhstan slapped a 2.1b tenge ($6.23m) fine on Ural Oil and Gas, a small energy company, for environmental damage. According to the prosecutor, the company had illegally disposed of its drilling waste at its operations in the Fedorovsky Bloc in Western Kazakhstan. State-owned Kazmunaigas (50%) and Hungary’s MOL (27.5%) are the two largest shareholders in Ural.

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(News report from Issue No. 301, published on Oct. 21 2016)

Kyrgyz MPs push back referendum

OCT. 19 2016 (The Conway Bulletin) — MPs in Kyrgyzstan voted to push back a referendum on changing the country’s constitution to Dec. 11 from an earlier date of Dec. 4. One of the reasons give for pushing back the referendum was to find the original document. This was supposed to have been kept in the President’s office but could not be found. The referendum focuses on strengthening the power of the PM.

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(News report from Issue No. 301, published on Oct. 21 2016)

Kazakh women’s rights leaders ambivalent on Dariga as future president

ALMATY, OCT. 21 2016 (The Conway Bulletin) — Dariga Nazarbayeva, daughter of Kazakh president Nursultan Nazarbayev, may have been promoted to the Senate in a reshuffle last month, and is now being touted as a presidential successor, but many women appear ambivalent on supporting her candidacy.

The issue of who will succeed president Nursultan Nazarbayev, 76, as next president dominates Kazakh politics but Ms Nazarbayeva, 53, is a divisive figure and she fails to generate mass support among what should be her natural support base — women — as interviews with women’s rights advocates suggested.

Dina Smailova, who heads a group fighting domestic and sexual violence called ‘Don’t be silent’, said that while Ms Nazarbayeva had been supportive of their work, she may not be the right person to lead the country.

“I can view her candidacy as a woman who is educated, a modern woman but why not consider another candidate?” she said.

Women’s rights and domestic abuse moved into the mainstream in Kazakhstan this year after a well- known female TV presenter was badly beaten up by her husband at a petrol station outside Almaty.

According to the UN, 500 women are killed each year in Kazakhstan by their partners.

Aida Alzhanova, chair of Adam Damu charity and a former UN expert for women’s equality said Ms Nazarbayeva had not done enough to promote women’s rights.

“I didn’t know Dariga was promoting women’s rights,” she said. “Here gender inequality in politics and business is gradually moving into the domestic sphere.”

She did say, though, that she would consider supporting Ms Nazarbayeva.

“If she wins in a fair election and if she has a clear gender policy that fits with international norms and standards, then I will vote for her,” she said.

The third women’s rights leader interviewed by The Conway Bulletin said that she would support Dariga Nazarbayeva if she wanted to become president.

“I want to believe that if a woman becomes president there will be pos- itive changes in the country,” said Marianna Gurina, president of the Ulagatty Zhanuya charity, which pro- motes family values and women’s rights.

“Yes, I support her candidacy because I think she, as a woman understands women.”

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(News report from Issue No. 301, published on Oct. 21 2016)

A presidential election in Turkmenistan

OCT. 17 2016 (The Conway Bulletin) – >> So, an election in Turkmenistan then. Will it be close?

>> No, not at all. The incumbent president, Kurbanguly Berdymukhamedov, will clean up and win probably with more than 95% of the vote. He won 97% of the vote at the last presidential election in 2012.

>> Right. He must be a popular chap, then.

>> Again, unlikely, but it is very hard to tell. Since he was officially elected president in January 2007, Berdymukhamedov has carefully built up a personality cult to rival any other around the world. Last year he unveiled a statue of himself sitting on a horse with a flowing cloak. It was all very Roman. Berdymukhamedov pretty much makes all the key decisions in Turkmenistan. He runs the the economic, foreign and domestic policies. He’s not a big delegator. The problem is that it is very difficult to know how genuinely popular, or unpopular, he is at the moment as free media doesn’t exist in Turkmenistan. What we do know is that although Berdymukhamedov can take credit for opening up the economy and for developing its gas export routes, Turkmenistan is suffering, just like its neighbours, from a sharp regional economic downturn linked a drop in energy prices and a recession in Russia.

>> What do you mean?

>> Again, information that is 100% reliable is hard to come by but we do know that government salaries have been paid late and that people are blocked from transferring cash into foreign currencies. There have also been a handful of small protests in the past couple of years in Ashgabat which are vitally important in judging the mood. These have focused on domestic issues, such as satellite dishes on buildings and the destruction of suburban housing to clear ground for a new Olympic village. They are not directly political but they are good indicators that not all is as steady as the Turkmen government, and Berdymukhamedov in particular, would like. Protests are extremely rare in Turkmenistan so any indicator that people are prepared to stand up to the authorities must be taken seriously.

>> Does this make the election is risky for Berdymukhamedov?

>> Turkmenistan is a tightly controlled police state so this is unlikely. He also had to hold a presidential election next year. Until he changed the constitution last month, presidential terms in Turkmenistan were set at five years. The previous election was in 2012. He’s now changed the length of a presidential term to seven years so once next February’s election is out of the way, he won’t have to deal with another until 2024. This election will be something for the Turkmen authorities to carefully manage but beyond that it shouldn’t trigger any major problems.

>> Got it. And how will the international community deal with it?

>> This is a tricky one. The Russians and the Chinese mainly want a reliable partner and stability. They have this in Berdymukhmaedov and won’t want the the boat to be rocked, so to speak. The West, and Europe in particular, have a different agenda. They want Turkmenistan’s gas but are also interested in human rights. It’s unlikely that they will send vote monitors and they will complain about the lack of free speech but, by and large, there is very little that they can really do.

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(News report from Issue No. 301, published on Oct. 21 2016)

Kazakh electricity grid operator to pay dividend

OCT. 19 2016 (The Conway Bulletin) – KEGOC, Kazakhstan’s state-owned electricity grid operator, said it would pay a dividend of 24.93 tenge/share (7.5 cent) to its shareholders. The dividend, which measured 40% of the company’s first half net profit, was, proportionally, significantly lower than its dividend last year, when it redistributed all net profit among its shareholders.

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(News report from Issue No. 301, published on Oct. 21 2016)

Stock market: KAZ Minerals

OCT. 17 2016 (The Conway Bulletin) – Over the course of just a few months, KAZ Minerals has nearly doubled its stock price in London, reaching 267.1p by Thursday.

The company, which operates in Kazakhstan’s copper mining sector, continues to rally off the back of good production results throughout the year and timidly growing copper prices, now at 2.11/lb.

Copper prices, which have fallen sharply from the $3/lb of November 2014, had hovered at around 2.15/lb in September, before dropping back. But now the feeling is that prices are moving back up.

China, a major copper consumer, posted steady growth prospect and negative news from the US housing market indirectly bodes well for copper prices. Sluggish US economic news weakens the dollar and pushes up prices. KAZ Minerals improved its position in both production and revenues this year, mostly due to the start of the Aktogay project, which cost $2.2b to put in operation.

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(News report from Issue No. 301, published on Oct. 21 2016)

Georgian officials arrest car-bomber

OCT. 17 2016 (The Conway Bulletin) – Georgian police said that they had arrested one man and put out an arrest warrant for another linked to a bomb attack on the car of United National Movement (UNM) MP Givi Targamadze shortly before a parliamentary election this month. Police did not release details of the arrested man. The car bomb, in the centre of Tbilisi, injured four pedestrians.

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(News report from Issue No. 301, published on Oct. 21 2016)

Economy worsens in Turkmenistan

OCT. 20 2016 (The Conway Bulletin) — The Eurasianet website reported that prices of basic foodstuffs are spiraling in Turkmenistan as the economy buckles under inflationary pressure linked to a sharp economic downturn. It also said that the government has had to cancel a series of construction projects to save money. It didn’t give any details of the particular contracts which had been cancelled. The Turkmen government has not commented.

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(News report from Issue No. 301, published on Oct. 21 2016)