Category Archives: Uncategorised

A presidential election in Turkmenistan

OCT. 17 2016 (The Conway Bulletin) – >> So, an election in Turkmenistan then. Will it be close?

>> No, not at all. The incumbent president, Kurbanguly Berdymukhamedov, will clean up and win probably with more than 95% of the vote. He won 97% of the vote at the last presidential election in 2012.

>> Right. He must be a popular chap, then.

>> Again, unlikely, but it is very hard to tell. Since he was officially elected president in January 2007, Berdymukhamedov has carefully built up a personality cult to rival any other around the world. Last year he unveiled a statue of himself sitting on a horse with a flowing cloak. It was all very Roman. Berdymukhamedov pretty much makes all the key decisions in Turkmenistan. He runs the the economic, foreign and domestic policies. He’s not a big delegator. The problem is that it is very difficult to know how genuinely popular, or unpopular, he is at the moment as free media doesn’t exist in Turkmenistan. What we do know is that although Berdymukhamedov can take credit for opening up the economy and for developing its gas export routes, Turkmenistan is suffering, just like its neighbours, from a sharp regional economic downturn linked a drop in energy prices and a recession in Russia.

>> What do you mean?

>> Again, information that is 100% reliable is hard to come by but we do know that government salaries have been paid late and that people are blocked from transferring cash into foreign currencies. There have also been a handful of small protests in the past couple of years in Ashgabat which are vitally important in judging the mood. These have focused on domestic issues, such as satellite dishes on buildings and the destruction of suburban housing to clear ground for a new Olympic village. They are not directly political but they are good indicators that not all is as steady as the Turkmen government, and Berdymukhamedov in particular, would like. Protests are extremely rare in Turkmenistan so any indicator that people are prepared to stand up to the authorities must be taken seriously.

>> Does this make the election is risky for Berdymukhamedov?

>> Turkmenistan is a tightly controlled police state so this is unlikely. He also had to hold a presidential election next year. Until he changed the constitution last month, presidential terms in Turkmenistan were set at five years. The previous election was in 2012. He’s now changed the length of a presidential term to seven years so once next February’s election is out of the way, he won’t have to deal with another until 2024. This election will be something for the Turkmen authorities to carefully manage but beyond that it shouldn’t trigger any major problems.

>> Got it. And how will the international community deal with it?

>> This is a tricky one. The Russians and the Chinese mainly want a reliable partner and stability. They have this in Berdymukhmaedov and won’t want the the boat to be rocked, so to speak. The West, and Europe in particular, have a different agenda. They want Turkmenistan’s gas but are also interested in human rights. It’s unlikely that they will send vote monitors and they will complain about the lack of free speech but, by and large, there is very little that they can really do.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

Kazakh electricity grid operator to pay dividend

OCT. 19 2016 (The Conway Bulletin) – KEGOC, Kazakhstan’s state-owned electricity grid operator, said it would pay a dividend of 24.93 tenge/share (7.5 cent) to its shareholders. The dividend, which measured 40% of the company’s first half net profit, was, proportionally, significantly lower than its dividend last year, when it redistributed all net profit among its shareholders.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

Stock market: KAZ Minerals

OCT. 17 2016 (The Conway Bulletin) – Over the course of just a few months, KAZ Minerals has nearly doubled its stock price in London, reaching 267.1p by Thursday.

The company, which operates in Kazakhstan’s copper mining sector, continues to rally off the back of good production results throughout the year and timidly growing copper prices, now at 2.11/lb.

Copper prices, which have fallen sharply from the $3/lb of November 2014, had hovered at around 2.15/lb in September, before dropping back. But now the feeling is that prices are moving back up.

China, a major copper consumer, posted steady growth prospect and negative news from the US housing market indirectly bodes well for copper prices. Sluggish US economic news weakens the dollar and pushes up prices. KAZ Minerals improved its position in both production and revenues this year, mostly due to the start of the Aktogay project, which cost $2.2b to put in operation.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

Georgian officials arrest car-bomber

OCT. 17 2016 (The Conway Bulletin) – Georgian police said that they had arrested one man and put out an arrest warrant for another linked to a bomb attack on the car of United National Movement (UNM) MP Givi Targamadze shortly before a parliamentary election this month. Police did not release details of the arrested man. The car bomb, in the centre of Tbilisi, injured four pedestrians.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

 

Economy worsens in Turkmenistan

OCT. 20 2016 (The Conway Bulletin) — The Eurasianet website reported that prices of basic foodstuffs are spiraling in Turkmenistan as the economy buckles under inflationary pressure linked to a sharp economic downturn. It also said that the government has had to cancel a series of construction projects to save money. It didn’t give any details of the particular contracts which had been cancelled. The Turkmen government has not commented.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

Uzbekistan and Kyrgyzstan sign bilateral deals

OCT. 19 2016 (The Conway Bulletin) – At a meeting in Tashkent, the foreign ministers of Uzbekistan and Kyrgyzstan signed a deal to extend bilateral relations. Although vague in detail, the agreement is important because it underlines the improving ties between the two neighbours. For most of the year tension along the Uzbek-Kyrgyz border has been rising. Since the death of Uzbek president Islam Karimov in September, though, dialogue between the two sides has improved markedly.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

Georgia’s election committee sets run-offs

OCT. 19 2016 (The Conway Bulletin) — Georgia’s Central Election Commission set Oct. 30 as the date for run- offs in at least 48 single mandate seats which failed to return a majority winner in a parliamentary election on Oct. 8. The vote is important because, although the Georgian Dream is all-but certain to win a majority in the 150-seat parliament, if it wins a total of 113 seats it will be able to make constitutional changes.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

 

Georgia’s trade with Russia rises

OCT. 16 2016 (The Conway Bulletin) — Georgia’s trade turnover with Russia continued to rise as relations between the two neighbours improves. Geostat, the state statistics agency, said that exports to Russia increased by nearly 18% to $612m in the first nine months of the year and imports from Russia were up nearly 15% at $480m.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

CSTO agree on crises centre in Armenian capital

OCT. 14 2016 (The Conway Bulletin) – At a meeting in Yerevan, leaders of the Collective Security Treaty Organisation (CSTO) agreed to set up a new crisis response centre. The thinking behind the centre is to improve the exchange of information between CSTO members on terrorism. The CSTO includes Russia, Belarus, Armenia, Kyrgyzstan, Tajikistan and Kazakhstan.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)

Kazakh President’s grandson says he bought 49% stake in Transtelecom in 2015

ALMATY, OCT. 17 2016 (The Conway Bulletin) — After 18 months of rumours, Nurali Aliyev, grandson of Kazakh President Nursultan Nazarbayev, revealed himself to be the mystery buyer of a 49% stake in Kazakhstan’s telecoms network, Transtelecom.

The 8.9b tenge ($48m at the time) sale was agreed in May 2015, but the identity of the buyer was shielded from the public. At the time of the deal, Mr Aliyev was the deputy mayor of Astana. Kazakhstan’s state-owned railway company, Temir Zholy still holds a 51% stake in Transtelecom.

In an interview with the pro-government Tengrinews website, Mr Aliyev confirmed rumours on opposition websites that he had bought the stake.

“One of the reasons for my departure from the government service was the acquisition of a 49% stake in Transtelecom as part of the privatisation programme,” he said.

Mr Aliyev, 31, quit as deputy mayor of Astana in March this year, saying that he wanted to concentrate on his business commitments. He had held the position since Dec. 2013.

In Kazakhstan, it is fairly com- monplace for senior government members to own stakes in businesses.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 301, published on Oct. 21 2016)