news roundup
News Roundup - December 13, 2007
Eurasia Insight: Experts caution on OSCE announcement
The news that Kazakhstan will serve as the 2010 chair of the Organization for Security and Cooperation in Europe is generating a mixed reaction among international experts and human rights activists. Some believe the decision undermines the OSCE’s ability to act as a vehicle for democratization, but others hope Kazakhstan can serve as a bridge that helps close existing gaps in the organization…
The Moscow Times: Kazakhstan aluminum plant opens
Kazakh metals major Eurasian Natural Resources opened a $900 million aluminum smelter on Wednesday, the country’s first, which it expects will hit full capacity of 250,000 tons per year by 2011…
The Oil and the Glory: Is America’s dethroned king of Kazakhstan on his way back?
After four years of ignominious exile from his powerful perch in Kazakhstan, New York lawyer James Giffen may have an opening for a revival…
U.S. Department of Defense: Kazakhstan extends counter proliferation program with U.S
The Republic of Kazakhstan’s Ambassador to the United States of America Erlan Idrissov will co-host with the U.S. Department of Defense a signing ceremony to extend the Cooperative Threat Reduction (CTR) Agreement between the United States of America and the Republic of Kazakhstan…
Itar-Tass: RF approves Caspian gas coop with Kazakhstan, Turkmenistan
Russia’s government has approved a Caspian gas pipeline cooperation agreement with Kazakhstan and Turkmenistan…
Eurasia Daily Monitor: Kazakhstan notes Afghanistan’s emerging security agenda
Kazakhstan’s ruling elite has clearly been in a self-congratulatory mood since securing the chairmanship of the OSCE in 2010. However, as its foreign policy evolves in the meantime, there is no guarantee that Kazakhstan will emerge as an OSCE-inspired Eurasian bastion of democracy…
Asian Investor: Who wants to invest in Kazakhstan?
In Kazakstan for example, there are a total of 437 listed companies contributing a market capitalization of $64 billion. Its GDP is likely to triple from $3,910 per capita in 1998 to close to $11,188.1 within a decade…
Guardian Unlimited: Kazakh leader says he won’t let banks collapse
Kazakh President Nursultan Nazarbayev promised on Wednesday to prevent any local bank from collapsing, and criticised credit ratings downgrades as “not objective”…
Reuters: Kazakh ENRC to invest $2.3 billion in growth
Kazakh metals major Eurasian Natural Resources Corp. ENRC.L plans to invest a total of $2.3 billion to develop its business over the next four years, its chief executive said on Wednesday…
PR Newswire: Kazakhstan: A space odyssey
Since independence, Kazakhstan hes been home to the Baikonur cosmodrome located to the east of the Aral Sea. Though Russia negotiated the use of the launch site until 2050, the agreement signed in 2004 increased Kazakhstan’s role in the site’s management and use for non-military purposes…
Neweurasia.net: Almaty, dream destination?
Almaty is going to become a new international tourist hotspot, says Wall Street Journal. It has been listed by the tourist business professionals among such dream destinations as Vietnam, San-Paulo, the Caribbeans and Seychelles, Mauritius and Abu-Dhabi…
Neweurasia.net: Latinization of the Kazakh language
Kazakhstan intends to switch the state language to the Latin script. This transition will take 12-15 years and be based on the experience of Turkey, Azerbaijan, Uzbekistan and Turkmenistan. It will be implemented in 6 stages…
Danske Bank: More troubles for the banks - risk of spill-over
Yesterday the rating agency Standard & Poor.s changed its outlook on eight Kazakhstan banks to “Negative” from “Stable”. The eight banks are: Kazkommertsbank JSC (KKB), Bank TuranAlem, Halyk Savings Bank of Kazakhstan, Alliance Bank JSC, Temirbank JSC, BTA Ipoteka Mortgage Co., JSC Nurbank, and JSC Eurasian Bank…
Hemscott: Kazakhmys says stake value in Eurasian Natural Resources now at 2.32 bln usd
Kazakhmys PLC said the value of its 14.6 pct stake in Eurasian Natural Resources Corp (ENRC) is now about 2.32 bln usd, based on ENRC’s share price of 608 pence on the LSE…
Itar-Tass: Eurasian Banker Club founded
The Eurasian Banker Club has been founded. The constituent meeting was held in Almaty on Wednesday…
Today’s Zaman: Gül heads to Kazakhstan for ‘joint vision’
President Abdullah Gül departed Ankara yesterday to pay an official four-day visit to Kazakhstan, coming only days after his last week trip to another Central Asian country, Turkmenistan…
Gazeta.KZ: By 2020 Kazakhstan plans to extract about 145 million of tones of coal
By 2020 Kazakhstan plans to extract about 145 million of tones of coal annually, said during the round table in Mazhilis The RK Energy and Mineral Resources vice Minister, Duisenbay Turganov…
Reuters: S&P outlook cut on Kazakh banks unjustified - central bank
The National Bank of Kazakhstan sees no reasons for Standard & Poor’s decision to cut its outlook on banks, as the state is willing to support the sector, its deputy head, Medet Sartbayev, said on Wednesday…
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