APRIL 5 2015 (The Conway Bulletin) – Around 1,000 people gathered on the outskirts of Baku to demonstrate against a stalling economy and a crackdown on civil rights. The authorities sanctioned the rally. Some opposition said the real aim was to nullify genuine anti-government protests.
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(News report from Issue No. 226, published on April 8 2015)
APRIL 3 2015 (The Conway Bulletin) – Alcohol prices in Georgia have increased by 10% over the past year, the national statistics agency said.
Alongside the rising price of food (3.7%) and healthcare (6%) the cost increase in Alcohol is a major driver of overall inflation. Annualised inflation for March measured 2.6%, up from 1.3% in April.
Analysts blame a fall in the value of the lari currency for this price rise but new taxes slapped on alcohol from March 1 have also driven up prices.
The government increased tax on beer by 50% and on hard liquor by 100%. It has said the tax will bring in an extra 100m lari ($45m) and harmonise Georgia’s tax laws with the EU.
And for now, it appears, thirsty consumers and bar owners in Tbilisi are shouldering the price rises.
Cory Greenberg, owner of Dive Bar in Tbilisi said distributors wanted more for a litre of beer but he has promised to keep prices steady.
“Not so much for charity, but because it is smart,” he said. “Let the others raise their prices and business will come to us.”
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(News report from Issue No. 226, published on April 8 2015)
APRIL 4 2015 (The Conway Bulletin) – Kazakhstan’s sovereign wealth fund has spent $8b, or 10% of its total, over the past nine months supporting the tenge currency against devaluation pressure, media reported quoting official statistics. The size of the drop gives a good indication on the severity of the economic downturn.
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(News report from Issue No. 226, published on April 8 2015)
APRIL 2 2015 (The Conway Bulletin) – Roughly 55% of Georgians feel the country is heading in the wrong direction, a new poll for the US political group International Republican Institute (IRI) said.
This is a higher proportion than at any time since September 2009, during the aftermath of a brief war against Russia in 2008, when 63% of respondents said the country was heading in the wrong direction.
It is also, and this is important, the first time since March 2010 that a higher proportion of people have said that Georgia is heading in the wrong direction rather than the right direction. The IRI poll is, perhaps, the most accurate in Georgia and is a decent weather-mast to judge the general mood.
And it’ll make nasty reading for the governing Georgian Dream coalition which is having to deal with various economic problems as well as internal squabbling and accusations that it is using the Georgian justice system to settle old scores with officials who served under former president Mikheil Saakashvili.
In the IRI poll people’s main worries were the economy and Russian aggression. Over 60% of the respondents said the economy had worsened in the past couple of months and 76% said that Russia was the main threat to Georgia.
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(News report from Issue No. 226, published on April 8 2015)
APRIL 2 2015 (The Conway Bulletin) – Chinese company CITIC has agreed to build a vital fourth Kazakh oil refinery in Aktau, Forbes Kazakhstan reported. The deal was arranged during a trip last month to China by Kazakh PM Karim Massimov. The project should cost around $6b and will be completed within 5 years.
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(News report from Issue No. 226, published on April 8 2015)
APRIL 5 2015 (The Conway Bulletin) – Kazakhstan will give car-makers 35b tenge ($188m) to help them survive the economic downturn, media reported quoting First Vice Minister for the Economy, Marat Kussainov. Kazakhstan’s car-makers have been hit hard by the sharp drop in the rouble because Russia was one of its biggest markets.
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(News report from Issue No. 226, published on April 8 2015)
BAKU, APRIL 8 2015 (The Conway Bulletin) – – Gulnara Makhmedova, a 62-year old refugee from the disputed region of Nagorno-Karabakh stood in front of a crumbling Soviet apartment block tucked behind the whitewashed faculty of medicine at Baku State University.
Just a few hundred yards away luxury cars were parked up in front of haute couture shops and expensive restaurants.
Gulnara lives with five members of her family in a one-bedroom apartment. In her apartment block, electricity runs for only a few hours a day and the water that trickles out of the tap is brown.
“My family has been waiting for a new flat for over twenty years now,” she said.
Gulnara is one of around 600,000 internally displaced refugees from the conflict which pitted Azerbaijani forces against Armenian-backed separatists after the 1991 fall of the Soviet Union. Only a fragile 1994 cease-fire now keeps Nagorno-Karabakh from falling back into war.
They live in a precarious state of destitution in Azerbaijan’s sprawling capital.
“We all hoped we could start a new life here, but we only found ourselves living in worse conditions than the ones we left behind,” she said, pointing at the disintegrating mould stained ceiling of her apartment.
“When we arrived in Baku back in 1993 we immediately understood we were not welcome here as we represented a living reminder of Azerbaijan’s defeat,” she told the Bulletin referring to the thousands of civilians who fled Agdam, her hometown after an Armenian defeat of Azerbaijan.
Analysts have said that there may be another reason why Gulnara and her family are made to live in broken Soviet apartment blocks. It may suit Azerbaijani president Ilham ALiyev and his government to be able to show domestic television and visiting dignitaries the human suffering that the smouldering Nagorno-Karabakh conflict has generated.
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(News report from Issue No. 226, published on April 8 2015)
APRIL 6 2015 (The Conway Bulletin) – People in Kazakhstan, it appears, are still rushing to buy cheap Russian goods.
Official data showed that in February Kazakhs across the country bought 3.5 times more roubles than they did a year earlier.
In some areas, the rise was even bigger. In Mangistau, western Kazakhstan, the increase between February 2014 and February 2015 was nearly 19 times, Almaty the increase was 18 times and in Kyzylorda region of southern Kazakhstan the increase was nearly 35 times.
Russian goods have become far cheaper over the last few months because of the near 50% devaluation of the Russian rouble. Most Central Asian states have also devalued their own currencies but Kazakhstan has said that it will resist a sudden cut.
It knocked 20% off the value of its tenge currency last year and sees defending it as the best way to retain credibility.
Still, analysts have said that it is only a matter of time before Kazakhstan relents and cuts the tenge by up to 40%.
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(News report from Issue No. 226, published on April 8 2015)
APRIL 1 2015 (The Conway Bulletin) – Azerbaijan’s Central Bank said it had spent more than $1b of its reserves defending the value of the manat currency since it devalued by a third in mid-February. The admission will be an embarrassment for the Central Bank as the devaluation was meant to relieve pressure on the manat and protect reserves.
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(News report from Issue No. 225, published on April 12015)
MARCH 27 2015 (The Conway Bulletin) – During a briefing, Senator Yertargyn Astayev, a member of parliament’s budget committee, said ministries might not have enough cash to fulfil projects unveiled by Mr Nazarbayev’s Nurly Zhol party.
According to Mr Astayev, the interior ministry, which deals mainly with law enforcement and migration issues, will soak up the largest budget cut of $225m.
But, importantly, Mr Astayev also said finances earmarked for large infrastructure projects were going to be “placed under strict control”.
The hint was clear. The investments envisaged by Mr Nazarbayev are under threat.
Economic turmoil in the region has forced Kazakhstan into cutting the budget.
Mr Nazarbayev said that various departments had to save a combined $3.3b.
And the cutbacks have caught the public’s attention too.
Rauan, a 43-year-old engineer from Almaty said the government should ditch various high-profile but less useful projects such as EXPO-2017.
“Now we are funding these projects, designed only to feed our pride, at our own expense,” he said. “Perhaps our ambitions are too high.”
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(News report from Issue No. 225, published on April 12015)