Category Archives: Uncategorised

Kazakhstan justifies soft drinks tax

SEPT. 7 2015 (The Conway Bulletin) — The Kazakh government said a new tax on the extraction of groundwater is justified despite complaints from soft drinks producers, as companies have previously underpaid for water. “It is important to note that we have a serious shortage of drinking water in Kazakhstan,” Shafkhat Kudabayev, of the State Revenue Committee, told vlast.kz. The soft drink industry lobby groups have said the new tax will put companies out of business.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

Georgia approves Tbilisi electricity price rise

SEPT. 3 2015, TBILISI (The Conway Bulletin) — Following earlier electricity price rises in Georgia’s regions, the state regulators approved a similar price increase in the capital.

For the Georgian Dream, the ruling coalition, the price rise means they have barely been able to fulfil one of their promises from the 2012 parliamentary election – to cut the price of electricity and to keep it low.

But, as Akaki Tsomaia, economics professor at the University of Georgia explained, the plunging value of the lari had forced the regulators to agree to the price rise.

“Georgia is experiencing a 45% depreciation of its currency against the US dollar. Electricity and gas providers in Georgia have no other way than to increase the price of these services. Otherwise we will definitely have a major electricity shortage,” he told the Bulletin.

Still, this assessment, which is widely shared, didn’t stop the opposition UNM party blaming the coalition.

“The absence of professionalism led us to this point,” UNM’s deputy chairperson Nika Melia told TV broadcaster Rustavi-2.

Electricity prices have triggered protests in the region, most notably in Armenia where thousands protested earlier this year and forced the government to waive price rises.

In Georgia which is known for its street level politics, however, the population seems to have accepted the rise more quietly although some people did expect protests shortly.

Vladimir, an IT specialist walking along Tbilisi’s central promenade said: “People will probably start next month once they get bills.”

Irakli, 37, who was waiting at a bus stop, agreed but he said that politics, was the key driver of social unrest.

“We’ve taken to the streets so much in the recent two decades, but for other reasons,” he said. “But it all accumulates and only needs one non- social spark to explode.”

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

Tajik opposition ditch meeting

SEPT. 5 2015 (The Conway Bulletin) – The Islamic Renaissance Party of Tajikistan (IRPT), the country’s main official opposition, has indefinitely postponed a congress it had planned for Sept. 15, media reported. The IRPT linked the decision to attacks in Dushanbe last week. Earlier this month the authorities also said the IRPT was illegal.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

Azerbaijan’s SOCAR confirms Malta interest

SEPT. 7 2015 (The Conway Bulletin) – SOCAR confirmed that it wants to play a role in building a gas-fired power plant in Malta, media reported.

It’s unclear just why SOCAR, Azerbaijan’s state-owned oil and gas company, would want to build a power plant in Malta but it has an office on the island which it has said it uses to reduce its global tax bill.

SOCAR chairman Abdullayev Rovnag met with Maltese PM Joseph Muscat before a football match between Malta and Azerbaijan to discuss the two countries’ cooperation, local media reported.

There was no more detail from the meeting on the power station.

The Times of Malta, though, reported on SOCAR’s Maltese operations earlier this year. It said that SOCAR had set up a company in Malta in 2007 that acted as the parent company of Geneva-based SOCAR Trading. SOCAR Trading generates billions of dollars each year by trading oil. It saves itself a large chunk of tax, the Times of Malta reported, by booking the profit on these sales in Malta. Malta markets itself as a low tax, offshore base for companies trading in Europe.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

Kyrgyzstan increases alert on border

SEPT. 9 2015 (The Conway Bulletin) – The Kyrgyz military has ordered its units on high alert around the border with Tajikistan because of an increase in tension, media reported. Reports were not specific on what had triggered the alert but Tajikistan and Kyrgyzstan have rowed about border issues this year.

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(News report from Issue No. 247, published on Sept. 11 2015)

Reporter challenges wife of Azerbaijani president

SEPT. 9 2015 (The Conway Bulletin) – At an art exhibition in Paris, a reporter challenged Mehriban Aliyeva, wife of Azerbaijani president Ilham Aliyev, on whether she thought Azerbaijan was really a free country. The exchange was a rare challenge to the Aliyevs who has been accused of cracking down on free speech.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

Comment: Dariga Nazarbayeva becomes deputy PM

SEPT. 11 2015 (The Conway Bulletin) – The signs have been there for all to see for the past two or three years. Now there can be no denying it. Kazakh President Nursultan Nazarbayev appears to want to set his daughter, Dariga Nazarbayeva, up as his successor.

Her rehabilitation into the mainstream of Kazakh politics has been carefully managed. First she won back a seat in the 2012 parliamentary elections, then in 2014 she appeared next to her father after his State-of-the-Nation speech and then she started to take over increasingly important roles, including deputy speaker of parliament.

More recently, Mr Nazarbayev has spoken about the Asian model of democracy. This was, it now appears, code for managed dynastic succession.

Kazakhstan needs stability at the moment. It is moving through difficult economic territory and it needs strong, talented, leadership.

But it also needs choice.

Ms Nazarbayeva, who has sung opera at the Bolshoi Theatre in Moscow, certainly has the charisma, authority and the most famous surname in Kazakhstan, but is she the right person to lead Kazakhstan in the post-Nursultan era?

Infamously in 2013, at a parliamentary committee meeting, she described disabled children as freaks birthed by teenagers having sex too young. She sounded out of touch with ordinary people and drew heavy criticism.

There are other candidates, but Ms Nazarbayeva does now appear to be in pole position. What is certain is that the succession issue in Kazakhstan is, once again, at the forefront of the country’s politics.

By James Kilner, Editor, The Conway Bulletin

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on  Sept. 11 2015)

 

Astom produces Azerbaijan’s trains

SEPT. 7 2015 (The Conway Bulletin) — French railway company Alstom has started producing 50 freight locomotive trains for Azerbaijan, media reported. The contract, signed in 2014, is worth around 300m euros. Alstom’s new AZ8A electric locomotives will be built specifically for Azerbaijan.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

 

China buys Tajik somoni

SEPT. 4 2015 (The Conway Bulletin) – China agreed to buy $470m worth of Tajik somoni, media reported, a currency swap designed to prop up Tajikistan’s weakening currency. The somoni has been losing value this year.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)

Teachers in Kazakhstan to receive 50% pay rise

SEPT. 8 2015, ALMATY (The Conway Bulletin) —  Kazakhstan’s government said that it would increase salaries for teachers by 20-50% depending on their qualifications, another indication that the devaluation of the tenge is spurring inflation.

Announcing the pay rise at a school in Astana, deputy PM Berdybek Saparbayev said that it showed the government cared about its workers. “We have very good news for our teachers,” media quoted him as saying. “Salaries will be increased from 20 to 50% starting from 2016.”

The Kazakh Central Bank has devalued the tenge twice since February 2014.

It is now worth around 40% less than it was before the first devaluation and economists have been warning that inflation will shoot up.

Companies have already been raising salaries and it was only a matter of time before the government put up pay for its thousands of employees.

Other key workers, such as doctors and nurses, have also been promised large tenge pay rises.

The problem for the Kazakh government is that with oil prices low and production declining, it may struggle to pay or all the rises.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 247, published on Sept. 11 2015)