Tag Archives: Kazakhstan

Central Asian leaders prepare to welcome Russian president Putin

BISHKEK, FEB. 20 2017 (The Conway Bulletin) — Russian President Vladimir Putin is planning to visit Kazakhstan, Kyrgyzstan and Tajikistan on Feb. 27/28.

In Astana Mr Putin will bolster President Nursultan Nazarbayev who has taken an increasingly tough line on opposition figures and also against the media. In Dushanbe, Mr Putin is likely to discuss Tajikistan’s eventual membership of the Krem- lin-lead Eurasian Economic Union (EEU) with President Emomali Rakhmon.

But Bishkek will be the most complicated stopover for My Putin. There he will discuss a presidential election in November and the EEU.

“Possibly, the Kyrgyz authorities’ candidate will be chosen with the Kremlin, as loyalty to the President of Russia is important,” Bishkek based political analyst Mars Sariyev told media.

And then there is the issue of the EEU which Kyrgyzstan grudgingly joined in 2015. It’s popularity has waned as an economic downturn has bitten. Businessmen said import tariffs and sanitary certificates needed to export to EEU members had become a barrier for exports of clothes, meat, vegetables, and dairy products.

At Bishkek’s Dordoi bazaar, one of the biggest in Central Asia, opinion was mixed. Most complained but one trader saw it differently. He said that the EEU was also positive for some aspects of business.

“The only benefit is the fast growth of local textile manufacturers,” he said.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 318, published on Feb.24 2017)

KAZ minerals revenue rises

FEB. 23 2017 (The Conway Bulletin) — Revenues at Kazakhstan-focused copper producer KAZ Minerals jumped 43% in 2016 to $969m because of the start-up of production at its Bozshakol copper- gold mine in Kyrgyzstan and the Aktogay open pit copper mine in Kazakhstan. KAZ Minerals is listed on the London Stock Exchange and used to be called Kazakhmys

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(News report from Issue No. 318, published on Feb.24 2017)

Uzbek president to visit Kazakhstan

FEB. 14 2017 (The Conway Bulletin) — Continuing his outreach to neighbours, Uzbek president Shavkat Mirziyoyev said that he would also visit Kazakh president Nursultan Nazarbayev in the first half of 2017. The potential emergence of Uzbekistan as an economic powerhouse in Central Asia under Mr Mirziyoyev, who took over from the presidency after Islam Karimov died in September, may challenge Kazakhstan’s dominance.

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(News report from Issue No. 317, published on Feb.17 2017)

Work permits for foreigners increase in Kazakhstan

FEB. 13 2017 (The Conway Bulletin) — Kazakhstan handed out over 36,700 work permits to foreigners last year, data from the PM’s website showed, an increase from 32,000 in 2015. China dominates with 12,699 permits, down from 13,373 in 2015. The issue of Chinese labourers working on energy and infrastructure projects part-funded by China is sensitive as ordinary Kazakhs accuse them of taking their jobs and receiving preferential treatment. After China, Turkish citizen received the second largest number of work permits in 2016 with 3,502.

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(News report from Issue No. 317, published on Feb.17 2017)

Kazakh court detains editor

FEB. 13 2017 (The Conway Bulletin) — A court in Almaty ordered Zhanolat Mamay, editor of the independent Tribuna newspaper, to spend two months in pre-trial detention as police investigate accusations that he helped launder money stolen by exiled Kazakh opposition leader and former chairman of the now defunct BTA Bank Mukhtar Ablyazov. Mr Mamay’s supporters have said he has been detained because of a crackdown by the authorities against the media.

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(News report from Issue No. 317, published on Feb.17 2017)

 

Scrap metal hunters stealing dozens of man hole covers every day in Kazakh capital

ALMATY, FEB. 10 2017 (The Conway Bulletin) — Aset Issekshev, the mayor of Astana, said that dozens of manhole covers have been stolen to be melted-down and sold for scrap, causing major disruptions to the Kazakh capital’s infrastructure at it battles through another freezing winter.

Kazakh media quoted Mr Issekshev as saying that two areas of Astana had been cut off from the electricity grid and from heating after copper wire was stolen.

“Right now we are faced with the situation where between 10 and 15 cast iron covers are being stolen every day,” Kazakh media quoted him as saying to a group of entrepreneurs.

“Children are falling in them every day.”

He said the scrap metals hunters were selling the lumps of metal on Kazakhstan’s Black Market.

Astana is trying to put on its best face for EXPO-2017 which starts in June. Kazakh president Nursultan Nazarbayev has been building up to the exposition for years as an opportunity to showcase the capital he built on the steppe.

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(News report from Issue No. 317, published on Feb.17 2017)

Avalanche kills 7 Kazakh soldiers

FEB. 17 2017 (The Conway Bulletin) — An avalanche killed seven Kazakh soldiers on a military exercise in mountains in the southwest of the country, media reported quoting the country’s emergency ministry. It also said that 16 more soldiers had been rescued from the avalanche.

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(News report from Issue No. 317, published on Feb.17 2017)

Kazakhstan to cut wheat harvest area

FEB. 14 2017 (The Conway Bulletin) — Kazakhstan will reduce the area it uses to grow wheat over the next few years, although it will maintain its current crop because of improvements in efficiency, the blackseagrain.net website reported by quoting the Kazakh deputy agriculture minister Kayrat Aytuganov. Wheat has become an increasingly important part of the Kazakh economy. “We must collect larger volumes of quality grain from smaller areas. New markets are opening for exports of exactly Kazakh produce,” Mr Aytuganov said.

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(News report from Issue No. 317, published on Feb.17 2017)

Currencies: Kazakh tenge

FEB. 17 2017 (The Conway Bulletin) — The Kazakh tenge continued to strengthen throughout the week, hitting 318.4/$1 at the close of play on Thursday. This is its highest level since December 2015 and represents nearly a 5% increase in its value in 2017.

Analysts have said that the tenge closely follows the Russian rouble, which has been strengthening throughout the year to 58.5/$1, a level not seen since mid-2015. The rising price of oil and stability around Ukraine and Crimea have helped to strengthen the rouble.

Kazakhstan’s economy, like the rest of the region, is closely linked to Russia’s. The free-float of the tenge in 2015 has allowed it to track the rouble more closely.

With this in mind, analysts have said that they expect a further strengthening of the tenge as it catches up with the rouble. Some have said that it’s not unreasonable to anticipate a value below 300/$1 for the tenge by the end of the year.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 317, published on Feb.17 2017)

KAZ Minerals starts sulphide production

FEB. 14 2017 (The Conway Bulletin) — London-listed KAZ Minerals, formerly known as Kazakhmys, has started sulphide production at its Atokay mine in Kazakhstan, the mining-journal.com website reported. It said that production was in-line with expectations and that output would be ramped up throughout the year. KAZ Minerals is best known for its copper production.

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(News report from Issue No. 317, published on Feb.17 2017)f