Dmitry's Feed
Feb 25, 2015

Veteran Kazakh leader calls snap presidential poll on April 26

ALMATY (Reuters) – Kazakhstan’s leader Nursultan Nazarbayev on Wednesday called an early presidential election for April 26, in a move expected to extend his 26-year rule by another five.

Nicknamed “Papa” and allowed by law to serve as many terms as he wants, the veteran president is poised to win another term in office easily, although he said he had not yet decided whether to run.

Feb 23, 2015

Kazakh resistance to ex-Soviet devaluation wave damaging economy

ALMATY/LONDON, Feb 23 (Reuters) – Facing early elections,
Kazakhstan has been steadfast in refusing to devalue the tenge
but the dangers of an over-valued currency are already evident
and may ultimately force official action.

Kazakhstan’s biggest trade partners, notably Russia, have
seen their currencies fall sharply against the dollar in the
past year. On the weekend, fellow ex-Soviet energy exporter
Azerbaijan became the latest to devalue.

Feb 11, 2015

Kazakh central bank says won’t allow “shock devaluation”

ALMATY, Feb 11 (Reuters) – Kazakhstan’s central bank said on
Wednesday it aimed to avoid sharp fluctuations in the national
tenge currency, amid market speculation of an imminent
devaluation like the one which jolted the oil-rich ex-Soviet
republic last year.

Central Asia’s largest economy is now suffering from falling
world prices for its vital oil exports and from low demand for
its goods in sanctions-hit Russia, a close trade partner.

Nov 11, 2014

Kazakh leader orders government to open oil fund for projects

ALMATY, Nov 11 (Reuters) – Kazakhstan’s president ordered
his government on Tuesday to allocate $3 billion from the
National Fund every year from 2015 to 2017 to bolster growth in
an economy hit by falling oil prices and a slowdown in Russia.

The National Fund, which is replenished with windfall
revenues from oil exports, stood at $76.8 billion as of Oct 31.

Nov 7, 2014

Kazakhstan says watching rouble, but won’t devalue tenge again

ALMATY, Nov 7 (Reuters) – Kazakhstan has no plans to further
devalue its tenge in the next three years, the head of its
central bank said, as its economy is stable enough to weather
sharp drops in the currency of its main trading partner Russia.

The oil-rich Central Asian nation devalued the tenge by 19
percent in February to ease pressures on its currency market,
support its exporters and improve its current account balance.

Nov 4, 2014

Russia’s slowdown, Ukraine crisis to hit growth in Caucasus, Central Asia: IMF

ALMATY (Reuters) – Economic growth in the Caucasus and Central Asia (CCA) will weaken this year and next, hit by a slowdown in Russia, the International Monetary Fund said on Tuesday.

The region, which includes eight ex-Soviet states sprawling from the Black and Caspian seas to Siberia, Iran and China, will see its economic growth slow to about 5.5 percent in 2014-15, 0.75 percentage point lower than projected in the Fund’s outlook in May.

Nov 4, 2014

Russia’s slowdown, Ukraine crisis to hit growth in Caucasus, C.Asia -IMF

ALMATY, Nov 4 (Reuters) – Economic growth in the Caucasus
and Central Asia (CCA) will weaken this year and next, hit by a
slowdown in Russia, the International Monetary Fund said on
Tuesday.

The region, which includes eight ex-Soviet states sprawling
from the Black and Caspian seas to Siberia, Iran and China, will
see its economic growth slow to about 5.5 percent in 2014-15,
0.75 percentage point lower than projected in the Fund’s outlook
in May.

Sep 26, 2014

Political prisoners routinely tortured in Uzbekistan: Human Rights Watch

ALMATY (Reuters) – Torture of political prisoners is widespread in ex-Soviet Uzbekistan, a Central Asian country courted by the West as a transit point for forces fighting in Afghanistan, the U.S. campaign group Human Rights Watch said in a report on Friday.

President Islam Karimov, 76, tolerates no dissent in the ex-Soviet state of 30 million people, which he has ruled since 1989.

Sep 26, 2014

U.S.-Russian crew safely reaches space station despite glitch

ALMATY, Sept 26 (Reuters) – A Russian Soyuz rocket safely
delivered a U.S.-Russian trio to the International Space Station
(ISS) on Friday, despite a technical glitch which briefly
threatened to lengthen their journey to the $100 billion
complex.

The Soyuz blasted off to the ISS from the Baikonur
Cosmodrome in Kazakhstan at 0225 a.m. (2025 GMT on Thursday) to
take Russian Alexander Samokutyaev, his compatriot Elena Serova
and U.S. astronaut Barry Wilmore into orbit.

Sep 25, 2014

First Russian woman lifts off to International Space Station

ALMATY, Sept 26 (Reuters) – A Russian rocket blasted off
from the Baikonur Cosmodrome in Kazakhstan to the International
Space Station (ISS) on Friday, taking to orbit a U.S.-Russian
trio including the first Russian woman to serve on the $100
billion space outpost.

The Soyuz rocket lifted off from a vast steppe into a black
sky at 0225 a.m. (2025 GMT on Thursday) to take Russian
Alexander Samokutyaev, his compatriot Elena Serova and U.S.
astronaut Barry Wilmore into orbit.