Dmitry's Feed
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.

Aug 20, 2014

Russia economic funk ripples out through ex-Soviet states

LONDON/ALMATY Aug 20 (Reuters) – Farangees Islomova is
worried. Her husband, who labours on a construction site in
Moscow’s Schelkovo suburb, usually sends 15,000 roubles home to
Tajikistan every month. But in July he sent her just two-thirds
of that.

“My husband says they haven’t started a new building yet. He
had wanted his younger brother to join him in Moscow…but
recently he called and said: ‘The master says he won’t take any
new workers and there will be lay-offs’”, said Islomova, a 36
year-old mother of three, whose family relies on the money her
husband sends from Russia.

Aug 11, 2014

Central Asia Metals on track to up Kazakh copper output by 50 pct

ALMATY, Aug 11 (Reuters) – London-listed Central Asia Metals
Plc (CAML) has begun an expansion of its Kounrad copper
project in Kazakhstan and is set to meet its target of raising
copper cathode output there by about 50 percent by 2016, the
company’s head said on Monday.

CAML produced 10,509 tonnes of copper at its Kounrad
recovery plant in central Kazakhstan last year, 5 percent above
target. Its output totalled 5,094 tonnes in the first half of
2014, a 4.9 percent increase year-on-year.

Aug 6, 2014

Kazakhstan creates giant energy ministry as economy falters

ALMATY, Aug 6 (Reuters) – Kazakhstan has created a new super
size energy ministry as its economy suffers from the shutdown of
a giant oilfield and the collapse of exports to Ukraine and
sanctions-hit Russia.

President Nursultan Nazarbayev on Wednesday appointed
65-year-old close ally Vladimir Shkolnik, a two times former
energy minister, to head the former oil and gas ministry
combined with the industry and new technologies ministry and the
environmental protection ministry.