SEPT. 19 2014 (The Conway Bulletin) – The World Bank has offered to lend Kyrgyzstan $25m to help improve energy infrastructure ahead of the winter, media reported. Kyrgyzstan is facing a potential energy crisis this winter with water levels in its dams at a low. Energy shortages trigger frustration which bubbles over into public anger.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 22 2014 (The Conway Bulletin) – Almaty sees itself as the financial centre of Central Asia and, increasingly, as a hub for businesses and companies wanting to straddle Europe and Asia.
And it appears as if it is earning plaudits.
In the latest ranking by London-based consultancy Z/Yen of the world’s most important financial centres, Almaty ranked
43 out of 84 cities, a jump from 58 in February. Only Istanbul, in Eastern and Central Europe, ranks higher in 42nd position.
Professor Michael Mainelli, chairman, Z/Yen Group told the Conway Bulletin that instability in Europe, mainly triggered by the civil war in Ukraine, had diminished cities’ standings there to Almaty’s benefit.
“Political turmoil throughout the Middle East and Asia, particularly in oil-rich dictatorships, seems to put Almaty on a more even footing with its competitors,” he said.
The index is ranked on several different areas. These are business environment; financial sector development; infrastructure; human capital; reputation and general factors.
Since the first Global Financial Centres Index was launched in 2007, Almaty has steadily improved its ranking. Good news, indeed, for Kazakhstan’s financial sector.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 18 2014 (The Conway Bulletin) – Uzbekistan’s government announced new electricity power price rises, the second of the year, from Oct. 1.
Like other Central Asian economies, sanctions on Russia have hit Uzbekistan too. Uzbek infrastructure is also groaning under increased demand, triggering energy shortages. Petrol shortages have also been reported for the past year.
Now Uzneftgaz, the state energy company, has said that prices for gas will rise by 10%. Water and heating prices will also rise by 7%.
These increases follow a 9% rise in April and analysts will be monitoring closely people’s reaction.
Rising utility prices can trigger widespread social unrest and with Uzbekistan in a state of flux it is vulnerable. The apparent arrest of Uzbek president Islam Karimov’s eldest daughter, Gulnara Karimova, on various economic charges has unsettled politics and petrol shortages coupled with utility price increases have hit its economy.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
LONDON/United Kingdom, SEPT. 24 2014 (The Conway Bulletin) — A natural adventurer, story-teller and Central Asia historian, the British author Peter Hopkirk died aged on Aug. 22 aged 83.
Hopkirk was a foreign correspondent for various British newspaper who developed a niche specialisation in later life writing about the so-called Great Gamers of Central Asia.
The first of these books was the seminal ‘Foreign devils on the Silk Road: The search for the lost cities and treasures of Chinese Central Asia’, published in 1980.
Widely acclaimed this book was followed by five more on Central Asia, including Hopkirk’s most well-known book ‘The Great Game: On Secret Service in High Asia’, published in 1990.
These books first brought to the public’s attention the high stakes game played out in the late 19th century between mainly British and Russian agents in Central Asia. This important part of imperial history had been largely overlooked by modern historians until Hopkirk’s books.
His stories were made more remarkable because most were written and researched while Central Asia was still part of the Soviet Union. He once described how he had to play games of his own with various minders to grab interviews or delve into an archive for information.
It’s hard to over-state Hopkirk’s contribution to our understanding of Central Asia and its importance in the world, as the publisher noted in a brief blurb to his fifth book ‘On Secret service east of Constitnople’ published in 1994.
“Pieced together from the secret intelligence reports of the day and the long-forgotten memoirs of the participants, Peter Hopkirk’s latest narrative is an enthralling sequel to his best-selling ‘The Great Game’ and three earlier works’,” it said.
“It is also highly topical in view of recent events in the region where the Great Game has never really ceased.”
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 18 2014 (The Conway Bulletin) – Kazakhstan’s Central Bank officially decreed that Halyk Bank, one of the country’s biggest banks, could buy HSBC’s Kazakh subsidiary. Halyk Bank agreed to buy HSBC’s Kazakh operation earlier this year for around $175m. HSBC is streamlining its business, cutting the less profitable operations.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 19 2014 (The Conway Bulletin) – Georgia’s government denied media reports that it had offered to host a training camp for Syrian rebels fighting both Syria’s President Bashar al-Assad and the extremist group Islamic State. Georgia has been keen to prove its credentials as an ally of the United States in both Iraq and Afghanistan.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 18 2014 (The Conway Bulletin) – Aktobe region in northwest Kazakhstan is on the brink of running out of petrol, the regional government’s business head Bagzhan Tlegenov said. Supplies of petrol have been particularly tight since August because of low refinery capacity in Kazakhstan and falling imports from Russia.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 17 2014 (The Conway Bulletin) – The Moody’s rating agency joined other analysts by downgrading economic growth predictions for Armenia because of a slowdown in Russia’s sanctions-hit economy, media reported. Moody’s said that Armenia would experience economic growth of 2.1% this year compared to earlier forecasts of 3.2%.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 17 2014 (The Conway Bulletin) – Turkmenistan increased its oil products production by nearly 2% in the first half of the year, media reported quoting official statistics. Although a marginal increase it is important because Central Asia is experience a general shortage of oil products.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
SEPT. 23 2014 (The Conway Bulletin) – Tajik footballer Khurshed Beknazarov has test positive for a banned substance at the Asian Games in Incheon, South Korea, media reported. Reports said that the 20-year-old defender had been sent home. The Asian Games are a showcase for countries and the ruling will be an embarrassment to Tajikistan.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 201, published on Sept. 24 2014)
