Tag Archives: Kazakhstan

Land reforms in Kazakhstan trigger protests across the country

APRIL 24-27 2016, ALMATY (The Conway Bulletin) — A proposed amendment to land registration laws triggered a series of rare protests across Kazakhstan, a reaction that the authorities have handled, so far, with a relative soft touch.

The first and largest rally was held in the western city of Atyrau, when around 1,000 demonstrators gathered to protest against a law which they say would allow foreigners to buy their land. Smaller protests, with a few dozen protesters, were held over the following days in Aktobe, Semey and Aktau.

The amended law is due to come into force in July.

“We are thousands here today, but if they start seizing and selling our land, we will be millions,” one of the speakers at the Atyrau protest said.

Importantly, most of the people at the protests were speaking Kazakh, rather than Russian. Kazakh is prevalent in poorer, more rural sections of Kazakhstan’s society. It is particularly widely spoken in the west of the country, in and around Atyrau, Aktobe and Aktau.

Some analysts said that the protests may have been part of a wider nationalist movement encouraged by the authorities to give a veneer of political discourse without posing any real threat to the elite. Both local governments and officials in Astana dismissed the claim that the new land code would give out land to foreigners.

At a meeting in Astana, President Nursultan Nazarbayev said: “The issue regarding selling land to foreign citizens is out of question. All talks regarding this issue are groundless. Those who heat up these rumours should be brought to justice.”

As The Bulletin went to press, police in Almaty had detained a handful of other activists who had planned a press conference against the new land code.

ENDS

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(News report from Issue No. 278, published on April 29 2016)

 

Polymetal output declines in Kazakhstan

APRIL 15 2016 (The Conway Bulletin) – Russian gold miner Polymetal said its output declined by 4% in the first quarter of the year to 260,000 ounces of gold equivalent, also due to a sharp decline in its Kazakh operations. At the Varvara gold project in north-western Kazakhstan, Polymetal produced 14,000 ounces of gold, 32% less than in Q1 2015, due to lower grade stockpiles. Polymetal said its Kyzyl gold project in north-eastern Kazakhstan is on track to start production this year.

ENDS

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(News report from Issue No. 277, published on  April 22 2016)

 

Kazakh President meets Karimov

APRIL 15 2016 (The Conway Bulletin) – Kazakh President Nursultan Nazarbayev flew to Tashkent to meet with his Uzbek counterpart Islam Karimov to discuss regional security and economic ties. Both leaders emphasised good relations between the two countries. Mr Karimov told Mr Nazarbayev that “we need to synchronise our watches and go in the right direction”, a reference to working more closely together.

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(News report from Issue No. 277, published on April 22 2016)

 

Kazakhstan’s ArcelorMittal Temirtau appoints new CEO

APRIL 18 2016 (The Conway Bulletin) – ArcelorMittal Temirtau, Kazakhstan’s largest steelmaker, said it will appoint Paramjit Kahlon, the former CEO of an ArcelorMittal steel plant in Ukraine, as its new CEO in May. ArcelorMittal Temirtau has laid off thousands of workers over the past few years as it tries to deal with low steel prices triggered by a glut of supply.

ENDS

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(News report from Issue No. 277, published on  April 22 2016)

 

GDP to shrink in Kazakhstan

APRIL 21 2016 (The Conway Bulletin) – Ratings agency Fitch said Kazakhstan’s GDP will shrink by 1% in 2016 and the value of assets owned by Samruk-Kazyna, the country’s sovereign wealth fund, will decline by $3b, or 5%. Fitch’s accounting is more pessimistic than previous government calculations, which forecast marginal GDP growth for 2016.

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(News report from Issue No. 277, published on April 22 2016)

Editorial: Kazakh President’s travels

APRIL 22 2016 (The Conway Bulletin) – When they meet, Nursultan Nazarbayev and Islam Karimov want to show unity between Kazakhstan and Uzbekistan.

But this is often just a facade.

The reality is that the two leaders clash and vie for influence over Central Asia. After all, Kazakhstan is the largest Central Asian country by territory, while Uzbekistan is the most populous.

Last Friday, Tashkent was the final stopover in an international foray by Mr Nazarbayev that had taken in Istanbul and Tehran as well. Mr Karimov seemed happy to receive his neighbour and said the two countries “need to synchronise watches” and work more closely together.

The friendliness and the smiles that the leaders exchanged during the meeting, however, is not a sign that the long-standing rivalry between the two neighbours has subsided. Instead it is a reflection of the economic situation that they find themselves in. They have to try to work together to deal with a worsening economic outlook.

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(Editorial from Issue No. 277, published on April 22 2016)

Kazakhstan’s Halyk Bank goes digital

APRIL 15 2016 (The Conway Bulletin) – Halyk Bank, Kazakhstan’s second- largest bank, said it has launched a new banking subsidiary, Altyn-i, which will operate a digital-only model. Altyn-i will operate under Altyn Bank, the successor of HSBC Kazakhstan, that Halyk Bank bought in March 2014 for $176m.

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(News report from Issue No. 277, published on  April 22 2016)

 

Chinese institution to fund road projects in Kazakhstan and Tajikistan

APRIL 19 2016 (The Conway Bulletin) – The AIIB, a China-backed international financial institution, said it would fund road projects in Tajikistan and Kazakhstan. According to unnamed sources quoted in the FT, the AIIB will join an EBRD-funded road project in Dushanbe and a World Bank and EBRD-backed ring road project in Almaty. The AIIB has said it is keen to fund infrastructure upgrades within its Silk Road project.

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(News report from Issue No. 277, published on April 22 2016)

Google and Kazakhstan to establish mining data

APRIL 20 2016 (The Conway Bulletin) – Google and McKinsey formed a joint venture with Kazakhstan’s government to establish a data centre for the mining sector. Asset Issekeshev, minister of investment and new technologies, said that the project was aimed at improving data transparency and project efficiency. Mr Issekeshev told the FT that Polymetal and Eurasian Resources Group have already signed up to the project.

ENDS

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(News report from Issue No. 277, published on  April 22 2016)

 

Kazakhstan plans to upgrade refinery

APRIL 15 2016 (The Conway Bulletin) – Kazakhstan plans to complete the modernisation of the Shymkent oil refinery by the end of 2017. The Shymkent refinery, which has a capacity of 5m tonnes, makes up 30% of Kazakhstan’s domestic production of petroleum derivatives. It currently operates below capacity and is often closed for maintenance.

ENDS

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(News report from Issue No. 277, published on April 22 2016)