Tag Archives: Kazakhstan

Kazakhstan allocates $1b to improve housing

FEB. 15 2011 (The Conway Bulletin) – Kazakhstan will spend $1b on its housing sector between 2011 and 2012, Serik Nokin, head of the state’s housing agency, told a cabinet meeting. Mr Nokin said about 1/4 of the cash will be spent on new housing, another 1/4 will be spent on social housing and the rest on providing mortgages for low-cost homes.

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(News report from Issue No. 28, published on Feb. 21 2011)

Kazakhstan boosts military spending in 2010

FEB. 18 2011 (The Conway Bulletin) – Kazakhstan will increase its defence budget by 17% to $1.4b in 2011, Kazakh President Nursultan Nazarbayev said. According to the World Bank’s latest data, in 2009 Kazakhstan spent 1.2% of its GDP on military spending.

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(News report from Issue No. 28, published on Feb. 21 2011)

Food inflation hits Central Asia and stirs unrest

FEB. 21 2011 (The Conway Bulletin) – Fires last year in Russia, floods in Australia and bulk buying by wealthy countries have pushed up wheat prices around the world, angering people and worrying governments. In Central Asia and the South Caucasus some are warning of growing unrest.

On Feb. 11 in his state-of-the-nation address, Georgian President Mikhail Saakashvili said his government would start handing out food vouchers to every family in the country and on Feb. 18 the Kazakh government promised to spend $87m building up its reserves of wheat.

But the most vulnerable countries are Kyrgyzstan and Tajikistan where people have had to endure the steepest spike in wheat prices in the world on top of soaring inflation and instability.

In comments which would have resonated in Bishkek and Dushanbe, the head of the World Bank, Robert Zoellick said on Feb. 15 of the food price rises: “There is a real stress point that could have social and political implications across Central Asia.”

The World Bank has estimated that in Kyrgyzstan wheat accounts for 40% of the average person’s calorie intake while in Tajikistan the figure is even higher at 54%.

And social tension may already have flared.

In Dushanbe, media quoted a government official reassuring people that the country had enough food supplies and denying that there would be any unrest linked to a lack of food.

Local media in Kyrgyzstan reported that the government is preparing to tap into their emergency wheat reserves to feed 340,000 low income families but a Conway Bulletin correspondent in Bishkek said teachers and other state employees plan a demonstration on Feb. 23 to protest against rising food prices.

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(News report from Issue No. 28, published on Feb. 21 2011)

Kazakhstan opposition to boycott election

FEB. 12 2011 (The Conway Bulletin) – The main opposition party in Kazakhstan, Azat, said it would boycott an April 3 presidential election. Azat, which means freedom in Kazakh, said President Nursultan Nazarbayev had breached the Constitution by calling the snap election and that there was also not enough time to prepare for the vote.

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(News report from Issue No. 27, published on Feb. 14 2011)

Kazakhstan’s economy booms

FEB. 14 2011 (The Conway Bulletin) – In 2010 Kazakhstan’s GDP grew by 7% and its trade surplus almost doubled to $29.5b, its national statistics office said. The statistics office also said that for the first time China was the biggest buyer of Kazakhstan’s exports with 17.1% of the total.

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(News report from Issue No. 27, published on Feb. 14 2011)

Kazakhstan plans IPOs for state electricity companies

FEB. 11 2011 (The Conway Bulletin) – Kazakhstan will sell part of its national post office, energy grid company KEGOC and power generating firm Samruk-Energo through IPOs by the end of the year, President Nursultan Nazarbayev said. These will be the first of the so-called ‘People’s IPOs’ when state assets will float on the Kazakh domestic stock exchange.

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(News report from Issue No. 27, published on Feb. 14 2011)

Kazakhstan’s ENRC CEO quits

FEB. 4 2011 (The Conway Bulletin) – The CEO of Kazakh mining company ENRC, Felix Vulis, has said he will quit the company for personal reasons. ENRC is one of the biggest mining companies in the world. Mr Vulis has been CEO since August 2009. He will remain in the job until the London-listed company has found an alternative CEO.

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(News report from Issue No. 26, published on Feb. 7 2011)

Nazarbayev calls Kazakhstan presidential election for April 3

FEB. 4 2011 (The Conway Bulletin) – Kazakh President Nursultan Nazarbayev named April 3 as the date for a snap presidential election. He called the vote after ditching plans for a referendum that would have kept him in power until 2020. The election had been scheduled for 2012.

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(News report from Issue No. 26, published on Feb. 7 2011)

Kazakhstan opens Asian Winter Games

JAN. 30 2011 (The Conway Bulletin) – Kazakhstan opened the seventh Asian Winter Games in Almaty, one of the continent’s most prestigious tournaments. Kazakh President Nursultan Nazarbayev and Jacques Rogge, President of the International Olympic Committee, attended the opening ceremony. The tournament, shared with Astana, will end Feb. 6.

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(News report from Issue No. 25, published on Jan. 31 2011)

Nazarbayev to call election in Kazakhstan

JAN. 31 2011 (The Conway Bulletin) – Kazakhstan’s constitutional committee rejected a referendum that could have kept President Nursultan Nazarbayev in power without an election until 2020. Mr Nazarbayev instead called an early presidential election. A source in the presidential administration told The Conway Bulletin that May 1 was the likely day.

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(News report from Issue No. 25, published on Jan. 31 2011)