news roundup
News Roundup - February 13, 2008
Guardian Unlimited: Kazakh central bank sees lower 2008 current account gap
Kazakhstan’s central bank expects this year’s current account deficit to narrow to $5 billion from about $7 billion recorded in 2007, its chairman said on Tuesday…
Asia Times: Kazakhstan announces new energy directions
Kazakhstan’s Prime Minister Karim Masimov has announced major energy-related decisions in the wake of President Nursultan Nazarbaev’s address to the nation last week…
President Nursultan Nazarbayev used his state-of-the-nation address to confirm Kazakhstan’s new-found assertiveness in energy policy. He also indicated that, over the near term, the government will strive to strengthen the country’s relatively weak social safety net…
Reuters: Kazakh ATF Bank seeks $550 mln loan-banker
Kazakhstan’s ATF Bank has appointed RZB and Unicredit Group to arrange a $550 million, 370-day syndicated term loan, a banking source close to the deal said on Tuesday…
Reuters: Asset quality seen as key concern for Kazakh banks
Kazakh banks have shown their ability to repay foreign debt with little access to fresh funds, but the quality of their loan books is becoming a key concern, analysts and regulators said on Tuesday…
Journal of Turkish Weekly: “EU and NATO should deepen their relations with Kazakhstan”
Kazakhstan after becoming independent in the eve of 21st century has to deal with various problems of state and nation building. Ethnic variety, large scaled territory, transition to market economy and other problems can be stated as the main challenges in this process…
Red Orbit: Kazakh expert notes significance of Russian-Kazakh-Turkmen gas pipeline project
An expert from the Kazakh Institute for Strategic Research, Gulnur Rakhmatulina, gives some details of a Russian-Kazakh-Turkmen gas pipeline project for delivering gas from Central Asia to Russia along the eastern coast of the Caspian Sea…
Kazinform: Kazakhstan’s foreign reserves to make soon 40% of GDP
“Gold and foreign exchange reserves of Kazakhstan will make soon 40% of GDP,” Vice Minster of Economy and Budget Planning of Kazakhstan Galymzhan Pirmatov told at today’s Almaty conference titled “Kazakhstan in conditions of world liquidity crisis: risks and confrontation methods”…
Journal of Turkish Weekly: Nabucco: Keeping the dream alive
This week Jozias van Aarsten, EU special coordinator for the Nabucco gas pipeline project, will travel to Ankara to press Turkey to take a more supportive approach toward Nabucco, following the country’s failure to agree on a pricing scheme for the use of the pipeline as well as a recent decision to block Gaz de France from joining the Nabucco consortium…
Reuters: Fighter jet crashes in Kazakhstan
A Russian-designed MiG-29 fighter jet crashed near Kazakhstan’s commercial capital on Tuesday, killing the pilot, the defence ministry said…
BMB Munai, Inc. has filed its quarterly report on Form 10-Q with the US Securities and Exchange Commission in which it reported net income of $6.5 million and basic EPS of $0.15 (diluted EPS $0.14) on revenues of $16.83 million for the three months ended December 31, 2007…
newratings.com: Arawak Energy “buy,” target price reduced
Analyst Rafi Khouri of Canaccord Adams maintains his “buy” rating on Arawak Energy Corp (AHB). The target price has been reduced from C$3.50 to C$3.20…
Eurasia Insight: US aid budget to Eurasia: A monument to “interagency pettiness”
Aid for almost every country in the former Soviet Union will be falling in 2008, under the current foreign affairs budget released by the US State Department. Much of the planned US assistance will go toward helping independent-minded states in the region resist Russian efforts to reassert its dominance in the Caspian Basin and elsewhere…
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