News Roundup

News Roundup - September 18, 2007

By SRI ⋅ September 18, 2007 ⋅

Kommersant: Liquidity Crisis Hits Kazakhstan Hard
So far, Kazakhstan has been the developing country hardest hit by the international crisis in liquidity, because of which Western investors have severely cut their investments in new markets. The reserves of the National Bank of Kazakhstan decreased by 9.2 percent in August…
Eurasia Daily Monitor: Kazakhstan’s Cadets Prefer Belarus to America
Kazakhstan has strengthened its security ties with Washington since 9/11 in order to maximize the numbers of officers from Kazakhstan’s armed forces who receive military training and education in the United States. Indeed, the U.S. Department of Defense has used this as an engagement tool to develop further the existing bilateral military assistance relationship…
Esquire: No. 18: Kazakhstan, A Country to WatchA friend of mine is moving to Kazakhstan this month. He’s barely thirty, and he and his new young wife will live there for two years. He works for a huge investment bank, and the people who run the huge investment bank believe that Kazakhstan is the future…
NewEurasia.net: To Come and to Confess

Yesterday, on the same day with Minister of Economy of Austria Martin Bartenstein, former accomplices of Rakhat Aliyev, who were previously hiding together with the patron in Vienna, have arrived in Kazakhstan…

TREND: Asian Bank Updates Macroeconomic Forecasts for 6 Central Asian Counties

The Asian Development Bank (ADB) has updated the forecast on the increase of the Gross Domestic Product (GDP) its Asian Development Outlook 2007 (ADO 2007) Report for 6 of 7 Central Asian countries (except Tajikistan), ADB reports…

Mining Journal Online: Celtic Resources, Kazakh Gold Miner, May Get Takeover Bid

Celtic Resources Holdings Plc, which mines gold in Kazakhstan and is part-owned by OAO Severstal, said it may receive a takeover bid. The shares rose to a one-year high. The approach was preliminary and may not lead to an offer, the London-based company said today in a statement distributed by the Regulatory News Service…

Reuters: Miner Celtic Resources Gets Takeover Approach

London-listed miner Celtic Resources Plc said on Tuesday it had received a preliminary approach which may or may not lead to an offer for the company…

Reuters: Kazakhstan - Indicators - September 18, 2007

Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges…

Reuters: Governments Move to Stem Spiraling Food Prices
As prices for staples soar across Central Asia, officials in Kazakhstan - the region’s key grain supplier - have moved to control exports and stem rising domestic costs, fueling fears that neighboring states will struggle to meet their needs for basic foodstuffs this winter…
Gazeta.KZ: RK President and Syria MFA Discussed Bilateral Cooperation
Kazakhstan President Nursultan Nazarbayev and Syria Foreign Affairs Minister Ualid al-Muallim discussed bilateral cooperation questions, reports KZ-today correspondent…