news roundup
News Roundup - February 29, 2008
Reuters: Kazakhstan’s Bank Caspian plans IPO in 2009
Bank Caspian, Kazakhstan’s No.8 bank, plans an Initial Public Offering (IPO) in 2009, its Chief Executive Mikhail Lomtadze said on Thursday…
Daily News: Kazakhstan invites Pakistani investors
Kazakhstan is keen to further increase bilateral trade with Pakistan as some Pakistani companies have invested and the government encourages more foreign investment…
On 28 February, the Kazakhstan Energy and Mineral Resources Ministry and the national company KazMunayGaz signed a contract in Astana on hydrocarbon exploration in the Zhambil field located in the northern section of the Caspian Sea…
Forbes: KazakhGold in talks to buy gold mining assets, placing priced at 23 usd
KazakhGold Group Ltd said it is in talks to acquire certain gold mining assets for around 60 mln usd, and that it has placed 2.3 mln shares in the form of global depository receipts with institutional investors at a price of 23 usd per GDR…
Addressing the Cabinet of Kazakhstan on February 26, KazMunaiGaz President Uzakbai Karabalin informed it of the plans to up gas production from 29.6 billion cubic meters in 2007 to 114 billion in 2020…
Institute for War and Peace Reporting: Kazakstan ponders flood action plans
Every year, the banks of the Syrdarya, one of Central Asia’s two great rivers, overflow in Kazakstan, causing millions of dollars’ worth of damage. Each year, there is a discussion about how to mitigate the consequences of future spring floods…
Institute for War and Peace Reporting: OSCE pressure unlikely to prompt Kazakh reforms
Although Kazakstan is coming under pressure to live up to the commitments it made in order to chair the OSCE in two years’ time, local human rights advocates say substantive change is highly unlikely…
Interfax: Kazakhstan forging JV with China to service passenger cars
Kazakhstan and China are establishing a joint venture for maintenance of the passenger cars supplied by the latter, president of national railway company Kazakhstan Temir Zholy (KTZH) Zhaksybek Kulekeyev announced…
Interfax: Kazakhstan streamlines labor migration rules
Kazakh Ministry of Labor and Social Protection of Population has drafted new labor migration regulations. These include quotas, conditions and permit procedures for employers to bring guest workers to the country…
Interfax: 60% Kazakh residents back state language policy, Minster of Culture
State language development program drafted for 2001-2010 has been met by 80%, Minster of Culture and Information Yermukhamet Yertysbaev told Kazakhstanskaya Pravda on Thursday…
Reuters: Helicopter crash kills five in Kazakhstan
A Soviet-designed helicopter crashed in southern Kazakhstan on Thursday, killing five of the passengers, state media reported…
International Center for Journalists: Kazakh minister says he is committed to media reform
At a recent roundtable discussion about media legislation reform in Kazakhstan, the nation’s Minister of Culture and Information, Yermukhamet Yertysbayev, expressed his commitment to enacting media legislation in 2008 that will encourage compliance with international standards…
International Herald Tribune: Russia, Hungary sign South Stream pipeline deal
Russia scored another victory Thursday in its push to tighten domination of European energy supplies, signing a landmark deal with Hungary for a new natural gas pipeline…
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