news roundup
News Roundup - February 22, 2008
Kazakhstan will ban agreements that give foreign energy companies investors rights to large portions of the country’s natural resources under favorable terms, the government said Thursday…
Reuters: Kazakhstan oil blocks offered to investors
Kazakhstan announced on Thursday it would abandon subsoil contracts favoured by oil companies due to their liberal tax regime but keep existing production sharing agreements intact. Below is a list of key offshore oil blocks that Kazakhstan, a Caspian nation of 15 million, may offer investors in the near future…
Asia Times: Black, white knights eye Kazakh banks
Two major-size and one mid-size bank in Kazakhstan have already fallen into the hands of foreign rivals. Whether remaining ones can evade the globalization wind blowing across the steppe depends to a large extent on whether they can make international loan repayments…
CACI Analyst: Kazakhstan’s banking problems
Kazakhstan’s banks have been considered one of the country’s major successes, but are currently facing serious difficulties. Foreign loans have to be repaid, but bank assets are tied up in loans with longer maturities. The government has begun to help the banks, but at the cost of fuelling inflation…
Itar-Tass: Kazakhstan introduces moratorium on audit of small businesses
A moratorium on inspections of small and medium-sized businesses enters into force in Kazakhstan on Thursday, Prime Minister Karim Masimov has told a forum of tax inspectors…
Interactive Investor: Eurasian Natural Resources says Daulet Yergozhin resigns as non-exec director
Eurasian Natural Resources Corp PLC (ENRC) said Daulet Yergozhin, a representative of the government of the Republic of Kazakhstan, has resigned as the company’s non-executive director with effect from Feb 20…
Global Voices: Kazakhstan: State of the Nation
The main event in the country’s politics never passes by the bloggers’ attention. This week it was the time of presidential State of the Nation address. All TV stations and state-controlled newspapers provided its aggressively propagandistic coverage, that bloggers were unhappy with…
Neweurasia.net: Kazakhstan Threatens to Delicense Arcelor Mittal
Finally, it happened - after series of tragedies, when dozens of miners were killed in blasts on the coal mines of Arcelor Mittal’s Kazakh subsidiary in Temirtau - the government took a firm stance…
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