Tag Archives: GDP

Uzbekistan claims GDP growth

JULY 23 2015 (The Conway Bulletin) – Shavkat Mirziyoyev, Uzbekistan’s PM, said GDP grew by 8.1% in the first half of 2015, compared to 2014. Given the secretive nature of the country, Uzbekistan’s official statistics have to be treated with skepticism.

ENDS

(News report from Issue No. 241, published on July 23 2015)

Georgia’s parliament passes new budget cuts

JULY 17 2015 (The Conway Bulletin) – Highlighting the recent economic downturn across the region, Georgia’s parliament passed a new budget for 2015 that cut government spending and reduced projected GDP growth of the country to 2% from 5%.

ENDS

(News report from Issue No. 241, published on July 23 2015)

Kazakhstan’s GDP growth slows

JULY 10 2015 (The Conway Bulletin) – Kazakhstan’s GDP grew 1.7% in the first half of this year, the statistics agency said. This is within estimates but is less than half the growth during the same period in 2014. Low oil prices and a drop in the value of the rouble have hit Kazakhstan.

ENDS

(News report from Issue No. 240, published on July 16 2015)

Azerbaijani Central Bank chief reassures on growth

JULY 15 2015 (The Conway Bulletin) – Elman Rustamov, the Azerbaijani Central Bank chief, said that at current oil prices, Azerbaijan’s economy will continue to grow. Mr Rustamov may have been trying to reassure a jittery public. Azerbaijan’s economy has been coping with the fallout of a drop in oil prices and a downturn in Russian economic prospects.

ENDS

(News report from Issue No. 240, published on July 16 2015)

Georgian GDP rises

JUNE 30 2015 (The Conway Bulletin) – Geostat, the Georgian statistics agency, reported an increase in year-on-year GDP growth to an estimated 2.1% in May, up from 0.9% in April. The economic data will be welcome news for the Georgian government which has been under pressure because of a downturn in the economy.

ENDS

(News report from Issue No. 238, published on July 2 2015)

Kazakhstan’s GDP suffers high energy intensity

JUNE 25 2015 (The Conway Bulletin) – Kazakhstan is one of the least energy efficient countries in the world for generating economic growth, Tomasz Telma, regional director for Europe, Middle East and North Africa at the World Bank’s International Finance Corporation, told Bnews.kz.

ENDS

(News report from Issue No. 237, published on June 25 2015)

Georgia’s GDP deflator increasing

JUNE 19 2015 (The Conway Bulletin) – Georgia’s GDP deflator outstripped its nominal GDP growth for the second consecutive quarter, official data showed, highlighting the stagnating economy. Georgia’s GDP deflator measured 5.1% in Q1, compared to GDP growth of 3.1% nominal GDP growth. The GDP deflator is an important measure of real GDP growth. The GDP deflator last outstripped nominal GDP growth in 2011.

ENDS

(News report from Issue No. 237, published on June 25 2015)

Uzbek economic data defies downturn

JUNE 11 2015 (The Conway Bulletin) – The Uzbek legislation rubber- stamped the government’s report on fulfilling the 2014 and 2015 budget which reported GDP growth of 8.1% despite a general downturn in economic conditions across the region.

The glowing numbers appear at odds with other economic indicators leaking out of the country.

According to analysts interviewed by the US-funded Radio Free Europe/Radio Liberty’s Uzbek service, brewing financial trouble, triggered by the government’s failure to pay salaries, pensions and stipends over the last several months could spark turmoil.

The Uzbek economy has been shrinking over the last couple years caused by falling global oil prices, a boycott of Uzbek cotton and diminishing remittances from Uzbek labour migrants in Russia as predicted by the World Bank. The World Bank has said that Uzbekistan’s economy will shrink further in 2015-16.

ENDS

(News report from Issue No. 236, published on June 18 2015)

Turkmen GDP officially stays steady

JUNE 8 2015 (The Conway Bulletin) – Official Turkmen websites reported another rise in GDP, throwing into serious doubt the authenticity of official economic statistics. The official turkmenistan.ru said GDP had registered a year-on- year increase in the first five months of the year of 9.5% despite a currency devaluation and low global energy prices.

ENDS

(News report from Issue No. 235, published on June 11 2015)

Tajikistan will receive EU funding

JUNE 10 2015 (The Conway Bulletin) – At the fourth EU-Tajikistan Cooperation Committee in Brussels, the European delegation confirmed it had earmarked 251m euro for Tajikistan over the next five years to improve rural areas. The EU said the aid was more necessary now because of the drop in remittances.

ENDS

(News report from Issue No. 235, published on June 11 2015)