news roundup
News Roundup - March 7, 2008
Ukrainian President Viktor Yushchenko arrived in Kazakhstan hoping to secure new deals for Kazakh energy supplies, but he is set to leave with no agreement for more natural gas or oil anytime soon…
The issue of filling up the Odessa-Brody-Plotsk pipeline with Kazakh oil has always been a key issue for Kazakhstan because the Country understands Ukraine’s interest in the energy resources, said the President of Kazakhstan, Nursultan Nazarbayev…
Gazeta.KZ: A year of Ukraine in Kazakhstan
The President of Kazakhstan, Nursultan Nazarbayev, and the President of Ukraine, Victor Yushenko, participated in a ceremony of opening a year of Ukraine in Kazakhstan that happened to be on Wednesday evening in Astana congress hall, reported KZ-today correspondent…
Reuters: Kazakh bank Alliance sees assets shrinking in 2008
Alliance, Kazakhstan’s No.4 bank, expects its assets to shrink this year in the aftermath of the global liquidity squeeze, the bank’s chief executive said late on Wednesday…
Forbes: JSC Halyk Savings Bank signs co-operation deal with Kazakhtelecom
JSC Halyk Savings Bank Kazakhstan said it has signed a memorandum for mutual cooperation with JSC Kazakhtelecom to place Halyk Savings Bank subdivisions in the service units of Kazakhtelecom…
Hedge Funds Review: QVT granted further injunction
The dispute between QVT and UniCredit over minority shareholders rights rumbles on. QVT has been granted another injunction which prevents Kazakhstan’s ATF Bank using the UniCredit name or brand in any advertising…
Reuters: Unicredit’s Kazakh unit can’t use its logo - court
A Kazakh court has barred ATF Bank, a unit of Italy’s Unicredit, from using the Unicredit logo in its advertising, marking another step in the bank’s legal battle with minority shareholders.
Hemscott: Imperial Energy says oil, gas reserves up to 920 mln boe from 17 Tomsk fields
Imperial Energy Corp PLC, the FTSE 250-listed oil producer, said its annual review showed oil and gas net reserves as at end-December from 17 of its Tomsk region fields in Western Siberia rose to 920 mln barrels of oil equivalent…
Reuters: Kazakhmys EPS up, sees challenges in 2008
Kazakhmys Plc, the world’s 10th biggest copper producer, posted a 0.7 percent rise annual earnings per share on Thursday, lower than market forecasts after flooding and processing problems cut output…
Telegraph: Kazakhmys has all the elements of success
It’s said that drawing a map of Kazakhstan is an exercise eerily similar to drawing up the periodic table. All the elements are there. It’s that which has propelled Kazakhmys, the company’s largest copper miner, to the position it holds today…
Times Online: Kazakhmys shows mettle as a discerning investor
Kazakhmys’s business may be mining - it is one of the world’s biggest copper producers - but it might just as easily be categorised as a natural resources investment trust…
Hemscott: Kazakhmy reaps rewards from high copper price
Kazakhstan copper producer Kazakhmys reported better than expected earnings for the year to 31 December as the high copper price offset production problems…
Telegraph: No amount of risk seems to dent this metal company
For the record ENRC is the world’s largest producer of ferrochrome; a top 10 exporter of iron ore and pellets; and a growing player in alumina and aluminium. The company also has a coal mining and power generation business…
Global Voices Online: Kazkahstan: State’s ineffectivess and expansion
While the government continues to take steps towards expansion into most lucrative and strategic sectors of national economy, simulaneously undergoing an administrative self-restructurization, Kazakhstani bloggers discuss effectiveness of the state bureaucracy…
Interfax: Kazakhstan urges the world community to make non-parties of NPT to join the Treaty
Kazakhstan urges the world community to make nine countries not being parties to the Non-Proliferation Treaty (NPT) to join it…
Budepest Business Journal: Kazakh leader’s confidant joins billionaires’ club
Bulat Utemuratov, a Kazakh power broker dubbed by some country-watchers a “consigliere” to President Nursultan Nazarbayev, has joined Forbes magazine’s billionaire list…
TREND: Azerbaijani companies to have access to Aureos Fund of Central Asia
The International Finance Cooperation (IFC), the member of World Bank Group, have announced that it will finance the Aureos Fund of Central Asia, a direct investments fund which will finance small and medium businesses in the Central Asia and Caucasus…
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