Tag Archives: Kazakhstan

Kazakhstan’s economy booms

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)

Kazakhstan plans IPOs for state electricity companies

FEB. 11 2011 (The Conway Bulletin) – Kazakhstan will sell part of its national post office, energy grid company KEGOC and power generating firm Samruk-Energo through IPOs by the end of the year, President Nursultan Nazarbayev said. These will be the first of the so-called ‘People’s IPOs’ when state assets will float on the Kazakh domestic stock exchange.

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(News report from Issue No. 27, published on Feb. 14 2011)

Kazakhstan’s ENRC CEO quits

FEB. 4 2011 (The Conway Bulletin) – The CEO of Kazakh mining company ENRC, Felix Vulis, has said he will quit the company for personal reasons. ENRC is one of the biggest mining companies in the world. Mr Vulis has been CEO since August 2009. He will remain in the job until the London-listed company has found an alternative CEO.

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(News report from Issue No. 26, published on Feb. 7 2011)

Nazarbayev calls Kazakhstan presidential election for April 3

FEB. 4 2011 (The Conway Bulletin) – Kazakh President Nursultan Nazarbayev named April 3 as the date for a snap presidential election. He called the vote after ditching plans for a referendum that would have kept him in power until 2020. The election had been scheduled for 2012.

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(News report from Issue No. 26, published on Feb. 7 2011)

Kazakhstan opens Asian Winter Games

JAN. 30 2011 (The Conway Bulletin) – Kazakhstan opened the seventh Asian Winter Games in Almaty, one of the continent’s most prestigious tournaments. Kazakh President Nursultan Nazarbayev and Jacques Rogge, President of the International Olympic Committee, attended the opening ceremony. The tournament, shared with Astana, will end Feb. 6.

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(News report from Issue No. 25, published on Jan. 31 2011)

Nazarbayev to call election in Kazakhstan

JAN. 31 2011 (The Conway Bulletin) – Kazakhstan’s constitutional committee rejected a referendum that could have kept President Nursultan Nazarbayev in power without an election until 2020. Mr Nazarbayev instead called an early presidential election. A source in the presidential administration told The Conway Bulletin that May 1 was the likely day.

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(News report from Issue No. 25, published on Jan. 31 2011)

Kazakhstan’s Kazakhmys plans Hong Kong listing

JAN. 26 2011 (The Conway Bulletin) – Kazakh miner Kazakhmys wants to raise $600m through a secondary listing in Hong Kong this year, media quoted unnamed sources as saying. Kazakhmys is already listed in London. In 2010, the Kazakh government increased its stake in Kazakhmys to 26%.

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(News report from Issue No. 25, published on Jan. 31 2011)

Kazakhstan delays plans for Kashagan

JAN. 31 2011 (The Conway Bulletin) – Kazakhstan has delayed approving plans for the second phase of the Kashagan oil field in the Caspian Sea because plans put forward by the Eni-led consortium developing it are too expensive, oil and gas minister Sauat Mynbayev said. Kashagan is due to start commercial production in 2012. The second phase would push oil production up to 1m barrels/day.

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(News report from Issue No. 25, published on Jan. 31 2011)

The Tunisia and Egypt uprisings and their impact on Central Asia and the South Caucasus

JAN. 31 2011 (The Conway Bulletin) – From presidential palaces across the South Caucasus and Central Asia, the spontaneous uprisings that have dislodged Ben Ali after 23 years running Tunisia and now threaten the 30-year reign of Hosni Mubarak in Egypt are worrying.

Perhaps the ruling elite in Kazakhstan and Azerbaijan are most concerned. In Kazakhstan, President Nursultan Nazarbayev has ruled for 20 years and in Azerbaijan Ilham Aliyev effectively inherited the presidency from his father who ran the country from 1993.

This year Kazakhstan had planned to extend the 70-year-old Mr Nazarbayev’s rule until 2020 through a national referendum. That plan has now been scrapped.

In Azerbaijan, discontent has been growing against a ban on headscarves and the authorities have detained several senior Islamist leaders. Immolation triggered the revolution in Tunisia and according to news reports, on Jan. 20 in Azerbaijan a farmer frustrated over police corruption also committed immolation. His death may not have sparked the public outrage that it did in Tunisia but the authorities are wary.

In Yerevan, protesters angry about corruption and mismanagement have been gathering for the biggest rallies against Armenia’s government since 2008 when 8 people died in clashes between protesters and soldiers.

The Rose Revolution swept Mikhail Saakashvili to power in Georgia in 2003 and, tellingly, its elite have given Tunisia’s so-called Jasmine Revolution a relative quiet reception. A few years ago Mr Saakashvili may have applauded the Jasmine Revolution but in the last three years he has faced a wave of discontent and now it is viewed as a potentially destabilising factor.

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(News report from Issue No. 25, published on Jan. 31 2011)

Kazakhs arrested in Kyrgyzstan on bomb suspicion

JAN. 19 2011 (The Conway Bulletin) – Kyrgyz police said they had arrested three Kazakhs in Bishkek on suspicion of plotting to bomb a business centre. This is the first time that Kazakhs have been directly implicated in the growing violence in neighbouring Kyrgyzstan.

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(News report from Issue No. 24, published on Jan. 24 2011)