OCT. 26 2011 (The Conway Bulletin) – Underscoring Azerbaijan’s economy growth, the IMF said that its non-oil economy will grow by 8.9% this year. Growth rates will slow slightly in 2012, the report said. Fuelled by oil, Azerbaijan has one of the fastest growing economies in the world.
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(News report from Issue No. 63, published on Nov. 1 2011)
AUG. 10 2011 (The Conway Bulletin) – Uzbekistan’s GDP grew by 8% in the first half of the year compared to the same period in 2010, Reuters quoted state media as saying. The report also said inflation had grown by 3.6% between Jan. and June. Uzbekistan operates a relatively closed economy.
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(News report from Issue No. 52, published on Aug. 10 2011)
AUG. 1 2011 (The Conway Bulletin) – Kazakhstan’s GDP grew by 7.3% in 2010, a 0.3% increase from an earlier estimate, the state statistics agency said. In 2009, Kazakhstan’s GDP growth was 1.2%. This annual GDP growth jump reflects the country’s rebound from the global economic slowdown.
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(News report from Issue No. 51, published on Aug. 2 2011)
JUNE 4 2011 (The Conway Bulletin) – Turkmen state media quoted President Kurbanguly Berdymukhamedov saying Turkmenistan’s economy grew by 14.5% between January and May compared to the same period in 2010, Reuters reported. Turkmenistan holds the world’s fourth largest gas reserves. It has sought out more customers this year.
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(News report from Issue No. 43, published on June 6 2011)
FEB. 18 2011 (The Conway Bulletin) – Kazakhstan will increase its defence budget by 17% to $1.4b in 2011, Kazakh President Nursultan Nazarbayev said. According to the World Bank’s latest data, in 2009 Kazakhstan spent 1.2% of its GDP on military spending.
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(News report from Issue No. 28, published on Feb. 21 2011)
FEB. 14 2011 (The Conway Bulletin) – In 2010 Kazakhstan’s GDP grew by 7% and its trade surplus almost doubled to $29.5b, its national statistics office said. The statistics office also said that for the first time China was the biggest buyer of Kazakhstan’s exports with 17.1% of the total.
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(News report from Issue No. 27, published on Feb. 14 2011)
FEB. 7 2011 (The Conway Bulletin) – Toronto-based Centerra Gold increased proven and probable gold estimates at its Kumtor gold mine in Kyrgyzstan by 24%. It also said the lifespan of the mine, vital for Kyrgyzstan’s economy, had lengthened by two years to 2021. In 2009, Kumtor accounted for a quarter of Kyrgyzstan’s total industrial output.
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(News report from Issue No. 26, published on Feb. 7 2011)
JAN. 24 2011 (The Conway Bulletin) – Kazakhstan’s GDP will grow by 4-5% in 2011 against an earlier forecast rise of 3.1%, media quoted economy minister Zhanar Aitzhanova as saying. Inflation in Turkmenistan was 4.8% in 2010, Reuters quoted the state statistics agency as saying.
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(News report from Issue No. 24, published on Jan. 24 2011)
DEC. 23 2010 (The Conway Bulletin) – Credit ratings agency Standard & Poor’s raised its sovereign foreign currency rating on Kazakhstan to BBB from BBB-. It said the upgrade reflected Kazakhstan’s rebound from the global recession. Ratings service Moody’s has already upgraded Kazakhstan to Baa2. Fitch retains a BBB-rating.
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(News report from Issue No. 21, published on Jan. 4 2011)
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DEC. 26 2010 (The Conway Bulletin) – Armenian think tank The Civilitas Foundation said 2011 would be a difficult year economically for Armenia. “Armenia’s economic growth will remain anaemic. Despite moderate global growth, there will still be lagging effects on Armenia’s economy,” it wrote in its annual report.
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(News report from Issue No. 21, published on Jan. 4 2011)
