Tag Archives: Kazakhstan

Kazakh police arrests another official

MARCH 6 2017 (The Conway Bulletin) — Police in Kazakhstan arrested Bazarbai Nurabaev, chairman of the Committee for Geology and subsoil use within the ministry of investment and development, the latest high profile government official to be detained for corruption. The anti- corruption agency said that Mr Nurabaev and his deputies had been extorting bribes from several companies in return for licences.

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(News report from Issue No. 320, published on March 13 2017)

Kazakh energy site pays fine

MARCH 4 2017 (The Conway Bulletin) — The consortium developing the Karachaganak oil and gas site in northwest Kazakhstan paid a fine of 10.4m tenge ($32,800) because of an inventory error, media reported quoting the court in west Kazakhstan. It wasn’t specific about the inventory error. In a far bigger arbitration dispute playing out from last year, the Kazakh government has accused the Karachaganak consortium of withholding oil worth billions.

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(News report from Issue No. 320, published on March 13 2017)

Kazakh parliament approves constitutional changes

ALMATY, MARCH 5 2017 (The Conway Bulletin) — Kazakhstan’s parliament officially approved changes to the country’s constitution, changes President Nursultan Nazarbayev lauded as yet another step forward for Kazakh democracy but his opponents dismissed as tinkering necessary to impose a succession plan.

Unusually for Central Asia and the South Caucasus, Mr Nazarbayev didn’t opt to have his constitutional amendments approved by the populous through a referendum, as he has previously done. Instead, he presented them as minor changes to government that didn’t need to bother ordinary people.

“The government will strengthen its independence and responsibility for their decisions. Parliament will have new powers to control the activities of the Government and the executive bodies,” Mr Nazarbayev said in a statement on his website released after signing the changes into law. “The political system will gain a greater degree of democracy and stability. However, the basic foundation of the Republic of Kazakhstan is a presidential form of government.”

Analysts though have said that the changes are actually fairly substantial. The cabinet will report to parliament as well as to the president, it will also have greater influence over the hiring and firing of ministers and its executive will have more independence.

The division of responsibilities will also allow Mr Nazarbayev to concentrate on issues he is more comfortable with, such as foreign policy and security, rather than more troublesome issues such as education, health and social welfare.

Some observers said that behind these moves lay a strategy aimed at diluting power away from the presidency so that power can effectively be split with succession, rather than concentrating power in the hands of one person.

Mr Nazarbayev is 76-years-old and has ruled Kazakhstan since independence from the Soviet Union in 1991 but has yet to lay out a coherent succession strategy.

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(News report from Issue No. 320, published on March 13 2017)

 

Gulen schools will not close, says Kazakhstan

MARCH 6 2017 (The Conway Bulletin) — Kazakhstan’s ministry of education refuted a statement from Turkey which said that 33 Kazakh-Turkish schools linked to the Gulen Movement would be transferred to Turkish control. Turkey blames the Gulen Movement for a coup attempt last year and has looked to close all institutions linked to it, including a series of schools across Central Asia. Both Kazakhstan and Kyrgyzstan have said that they will not close the Gulen schools. Last year, Kazakhstan rebranded the Gulen-linked schools as “Bilim Innovative Lyceums”. Bilim means education in Kazakh.

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(News report from Issue No. 320, published on March 13 2017)

 

Currencies: Georgian lari, Kazakh tenge, Uzbek som

MARCH 8 2017 (The Conway Bulletin) — Pushed up by decent economic data and a rise in interest rates to battle inflation which threatens to pick up this year, the Georgian lari hit a four-month high against the US dollar on March 7 of 2.45/$1, according to data from Bloomberg.

It slipped back slightly towards the end of the week to 2.5/$1 but it is still 9.1% stronger than on Jan. 1.

The Kazakh tenge fell slightly over the past fortnight but it is, too, performing well in 2017, racking up gains of around 5% this year.

As for the Uzbek som, as shown in our graph, the authorities appear to have speeded up their managed devaluation of the currency. The official exchange rate is now at 3,452/$1 an all-time low. The graph clearly shows how the steps taken to devalue the som have increased in size since mid-February. The Uzbek som is now 4.3% weaker against the US dollaxr than it was on Feb. 16. This managed downward trajectory for the som is expected to continue.

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(News report from Issue No. 320, published on March 13 2017)

Kazakhstan’s wheat shipment arrives in Vietnam

MARCH 9 2017 (The Conway Bulletin) — The first shipment of wheat from Kazakhstan reached Ho Chi Minh City in southern Vietnam on March 4, the website of Kazakh PM Bakytzhan Sagintayev said. At a ceremony in Ho Chi Minh City, the Kazakh ambassador to Vietnam said part of the importance of the shipment of wheat reaching Vietnam was to test the transit route from Central Asia, across China and down to south-east Asia.

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(News report from Issue No. 320, published on March 13 2017)

Nuclear fuel bank in Kazakhstan nears completion

MARCH 6 2017 (The Conway Bulletin) — A low enriched uranium bank being built in Kazakhstan should be operational by September, the director-general of the International Atomic Energy Agency (IAEA) Yukiya Amano said in a press release. The uranium fuel bank will be the first of its kind in the world and will allow countries to buy uranium for nuclear fuel. It will be administered by the IAEA. For Kazakh president Nursultan Nazarbayev, the fuel bank will be a personal success as he wants to build Kazakhstan’s reputation as a global centre for nuclear energy. Kazakhstan is the world’s biggest uranium miner.

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(News report from Issue No. 320, published on March 13 2017)

 

Car ownership in Kazakhstan rises up 400%

MARCH 10 2017 (The Conway Bulletin) — The number of registered cars in Kazakhstan has nearly quadrupled since 2000, media reported quoting interior ministry figures. It said that there were now 4.4m cars registered in Kazakhstan, compared to 1.3m in 2000. Environmentalists have said that in Almaty, the thick smog that hovers over the city is, at least partially, linked to the high car use. There have been calls to try and curb car ownership in Kazakhstan.

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(News report from Issue No. 320, published on March 13 2017)

Oil price gives Kazakh GDP boost

MARCH 2 2017 (The Conway Bulletin) —  Strong oil prices may boost GDP growth in Kazakhstan to 2.8% this year, economy minister Timur Suleimenov told Reuters in an interview. The previous government GDP growth estimate for 2017 had been 2.5%. Last month, Kazakhstan increased its expected oil price this year for its government budget to $50/barrel up from $35/barrel.

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(News report from Issue No. 319, published on March 3 2017)

Kazakh president’s grandson becomes football vice-president

FEB. 28 2017 (The Conway Bulletin) —  Kazakhstan’s Football Federation appointed 26-year-old Aysultan Nazarbayev, President Nursultan Nazarbayev’s grandson, as its vice- president. Nazarbayev junior is keen on football and trained for six months with the English football club Portsmouth. He is the eldest son of Pres. Nazarbayev’s daughter Dariga Nazarbayeva and has even been spoken of as a future president.

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(News report from Issue No. 319, published on March 3 2017)