Tag Archives: Kyrgyzstan

Kyrgyz-Russian Dev. Fund to change rules

MARCH 30 2016 (The Conway Bulletin) – Kyrgyz PM Temir Sariyev said that the misfiring Kyrgyz-Russian Development Fund would reduce the minimum loan it is prepared to hand out to $1m from $3m. The Fund had been criticised as too heavily geared towards large businesses, because of the high loan requirement and the co-financing clauses. Earlier this month Kyrgyz President Almazbek Atambayev sacked Nursulu Akhmetova as chair of the Fund.

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(News report from Issue No. 274, published on April 1 2016)

 

Kyrgyz CBank cuts rates

MARCH 29 2016 (The Conway Bulletin) – Kyrgyzstan’s Central Bank cut interest rates on Tuesday by two percentage points to 8%, in an effort to boost the domestic economy, official media said. At the beginning of March, Central Bank chief Tolkunbek Abdygulov had said interest rates would have remained steady at 10%.

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(News report from Issue No. 274, published on April 1 2016)

 

Kyrgyz President wins votes

MARCH 27 2016 (The Conway Bulletin) – The ruling Social Democratic Party of Kyrgyzstan won three of the six major cities that held local elections, cementing its authority other regional cities that had previously been considered staunchly pro-opposition. The SDPK won in Osh, Tokmok and Kemin, three important regional cities in Kyrgyzstan.

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(News report from Issue No. 274, published on April 1 2016)

 

Kyrgyzstan approves White Cliff plans

MARCH 30 2016 (The Conway Bulletin) – The Kyrgyz government approved exploration plans laid out by Australian miner White Cliff Minerals for its Aucu gold project. The agreement extends the exploration licence for White Cliff to 2020. Aucu, located in west Kyrgyzstan, holds an initial inferred resource of 4.83m tonnes of gold. Despite friction with its biggest foreign investor, Centerra Gold, at the Kumtor gold mine, Kyrgyzstan is still trying to woo foreign companies.

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(News report from Issue No. 274, published on  April 1 2016)

 

Kyrgyz civil society advocates push for greater influence

MARCH 29/30 2016, BISHKEK (The Conway Bulletin) — Around 250 delegates from Kyrgyzstan’s civil society gathered in the conference centre of a Bishkek hotel to discuss, argue and chew over just how they can play a more prominent role in holding the authorities to account and influencing the country’s development.

Organisers have hailed the meeting as groundbreaking for Central Asia which since independence from the Soviet Union in 1991 has been driven by top-down decision-making. Civil society is able to influence events at a very local level in Kyrgyzstan but higher up, except perhaps through the ballot box and through revolutions, little is possible.

Rita Karasartova, Director of the Institute of Social Analysis, and one of the organisers of the forum dubbed ‘I Care’, said that the movement had taken momentum and inspiration from a conference organised last year to discuss potential changes to the Kyrgyz constitution.

“We were concerned about possible big risks of this proposal, and we wanted to speak up about them in front of the Government on the central square,” she told a Conway Bulletin correspondent. “Despite some parliamentary factions accusing us of preparing coup d’état, our protests were fruitful because the President cancelled the proposed constitutional changes.”

At the ‘I Care’ meeting judicial reforms, MPs pay and the failure of governments to deliver on election promises were hot topics — a reflection of how free Kyrgyzstan’s society is compared to the rest of the region.

Some, though, were sceptical of the reasons for the conference.

Anastasia, 23, a student in Bishkek, said: “Such forums do not happen just by themselves. There must be foreign supporters that promote them to have such activities.”

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(News report from Issue No. 274, published on April 1 2016)

 

Uzbek-Kyrgyz border tensions dip

MARCH 25 2016 (The Conway Bulletin) – Officials from Kyrgyzstan and Uzbekistan met to defuse a border row that had threatened to bubble over into conflict earlier this month. After the meeting, Uzbek forces pulled their soldiers and tanks away from the contested areas that they had moved into a week earlier.

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(News report from Issue No. 274, published on April 1 2016)

 

Kyrgyz CBank injects more som

MARCH 30 2016 (The Conway Bulletin) – The Kyrgyz Central Bank continues to buy US dollars in the currency market because demand for foreign currency is shrinking and, the Bank’s chief Tolkunbek Abdygulov told a press conference, people and businesses need improved som liquidity. The Central Bank bought around $62m in March.

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(News report from Issue No. 274, published on April 1 2016)

 

UAE detains ex-Kyrgyz President’s son-in-law

MARCH 23 2016 (The Conway Bulletin) – Authorities in Dubai detained Adil Toiganbayev, son-in-law of former Kyrgyz President Askar Akayev, who is wanted by Kyrgyzstan’s authorities for various crimes, including fraud, embezzlement, and tax evasion. Mr Toiganbayev’s alleged crimes are related to activities he conducted through his Aalam Services company before a revolution forced Mr Akayev to quit as president in 2005. Previously, Toiganbayev had been briefly detained in Moscow in 2014. It is still unclear if the UAE will collaborate with the Kyrgyz prosecutors.

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(News report from Issue No. 273, published on March 25 2016)

 

Uzbekistan sends soldiers to bolster border with Kyrgyzstan

MARCH 18/24 2016, OSH, Kyrgyzstan  (The Conway Bulletin) — Uzbekistan sent two armoured personnel careers and solders its border near the Kyrgyz city of Osh as tension escalated in southern Kyrgyzstan ahead of local elections.

Senior officials from Kyrgyzstan’s  government called the Uzbek military manoeuvres a provocation and President ALmazbek Atambayev cancelled a trip to Tashkent set for June to attend a conference of the region’s quasi military group, the Shanghai Cooperation Organisation (SCO).

“The Kyrgyz people are not the ones who will be kneeling, fearing [Uzbekistan’s] forces,” Mr Atambayev said at a press conference.

This appears to be an escalation of tension between Kyrgyzstan and Uzbekistan. Kyrgyzstan argues that Uzbekistan’s actions violate a bilateral agreement against the militarisation of the border.

Large portions of the 1,300-km border between Uzbekistan and Kyrgyzstan are undefined, dotted with enclaves and exclaves, where Kyrgyz and Uzbek people live. There are sizable Uzbek and Kyrgyz minorities in Kyrgyzstan and Uzbekistan, respectively.

Now, access to some border crossing points has been restricted. Officials in southern Kyrgyzstan reported that some anti-Uzbekistan demonstrations have broken out.

Kyrgyz PM Temir Sariyev appealed for calm.

“Nobody forbids protests but let us not be enemies from within, we must be united. Without unity we cannot solve foreign policy issues,” he said.

The unrest also comes at a sensitive time for Kyrgyzstan. It is holding regional elections in five southern cities, including Osh, on March 27.

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(News report from Issue No. 273, published on March 25 2016)

 

Kyrgyzstan’s GDP drops

MARCH 11 2016 (The Conway Bulletin) – Kyrgyzstan’s GDP was 7.8% lower in the first two months of 2016 compared to the same period in 2015, the country’s statistics agency said. The drop was linked to a sharp fall in gold exports which make up the bulk of Kyrgyzstan’s exports. Gold and silver production was down over 50%, it said. The data shows just how vulnerable Kyrgyzstan is to fluctuations in its core export.

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(News report from Issue No. 272, published on March 18 2016)