Archive for March 26th, 2008
News Roundup - March 26, 2008
Reuters: Kazakhstan’s Halyk Bank 2007 profit jumps 49 pct
Halyk, Kazakhstan’s third-largest bank, said on Tuesday its net income rose 49 percent in 2007 to 40.5 billion tenge ($336 million), but projected slower growth of 30 percent this year…
Reuters: Kazakh Alliance bank sees assets shrinking
Alliance, Kazakhstan’s fourth-largest bank, reported a surge in 2007 net profit on Tuesday but said its assets would shrink more than expected this year…
Reuters: Kazakhmys says Kazakh govt wants to take a stake
Kazakh copper producer Kazakhmys Plc said on Tuesday it welcomed a recent statement by the government of Kazakhstan that it wished to acquire a minority interest of up to 15 percent in the company…
Financial Times: Kazakhs eye stake in copper producer
The government of Kazakhstan is considering swapping mining assets for a stake in London-listed Kazakhmys, its biggest copper producer, in a move that would increase the Central Asian country’s control over its lucrative metals and mining industry…
Mineweb: Frontier Mining gives exploration license update
The Ministry of Energy and Mineral Resources (”MEMR”) of the Republic of Kazakhstan has extended the exploration period for commercial discoveries appraisal at Frontier’s gold project Koskuduk, and at its copper-gold prospects Baritovy, Beschoku, and Yubileiny, for an additional 2 years…
Gazeta.KZ: Tender announced for construction of Iran-Turkmenistan-Kazakhstan railway
To start construction of the railways connecting the three countries, Turkmenistan will hold a tender in Ashkhabad in the presence of Iran, Turkey, Russia, Japan, China, Kazakhstan and European Union…
“Our banking system is strong enough to handle the situation (in the world financial markets), stated B. Sultanov. “Regardless of external funding deficit for banks of the second level, the local financial system stayed intact, even when the default cases occurred in some largest financial institutes in the West,” he expanded…
Reuters: Kazakhs forget hardships to celebrate spring
Life may be tough in some of the remotest corners of the vast Kazakh steppe, but once a year people put aside their hardships to celebrate Navruz, an ancient holiday marking the onset of spring…
Transitions Online: Not a Golden Ticket
Some alumni of a prestigious scholarship supported by the Kazakh president find their foreign diplomas less valuable than expected…
RIA Novosti: Nabucco trans-Caspian gas pipeline in jeopardy - paper
The future of the Western-backed Nabucco trans-Caspian gas pipeline that is designed to bypass Russia could be in jeopardy, the Turkish daily Cumhuriyet said on Tuesday…
Interfax: Astana hosts metallurgical conference in April
On April 2-3 Astana hosts first Kazakhstan Metallurgical Conference 2008. RUSMET group arranges the event under the auspices of the Kazakh Ministry of Industry and Trade. Interfax-Kazakhstan News Agency is an information sponsor of the conference…
Interfax: EU experience could be used in Central Asian integration
Kazakh President Nursultan Nazarbaev and renowned Kyrgyz writer Chingiz Aitmatov discussed prospects of integration amongst Central Asian countries in Astana on Tuesday…
