news roundup
News Roundup - April 11, 2008
mineral resources:
Reuters: Kazakhmys pressing ahead with new copper project
Kazakh copper major Kazakhmys said on Thursday it started a feasibility study into a big new mining complex designed to help it boost copper output…
Telegraph: ENRC undecided over Kazakhmys bid as profits leap
Eurasian Natural Resources, which became the newest entrant to the FTSE 100 last month, said it was still weighing up a bid for Kazakh mining rival Kazakhmys as it faced a “put up or shut up” notice from the Takeover Panel…
business and investment:
Reuters: Bahrain’s GFH bank plans $10 bln Kazakh energy area
Bahraini Islamic lender Gulf Finance House plans to develop a petroleum-related research and education area on Kazakhstan’s Caspian Sea coast at a cost of $10 billion, the Kazakh government said…
Guardian Unlimited: Kazakhstan’s first-quarter industry growth slows
Kazakhstan’s industrial production grew at a slower pace of 3.7 percent in the first quarter of 2008 compared to almost 10 percent in the same period of last year, the state statistics agency said on Thursday…
Growing deposits with commercial banks in Kazakhstan mean a restoration of confidence in the banking system, said deputy Chief Executive Officer of the National Bank of Kazakhstan (NBK) Daniyar Akishev…
Kazinfrom: II Caspian Investment Forum to take place in Aktau
The 2nd Caspian Investment Forum “Mangystau region – a constituent of the Caspian economic space” will take place in Aktau city on April 16…
Kazakhstan takes the first place on the investment volume to Kyrgyzstan among 49 foreign states-investors…
Forbes: Eurasian Development Bank’s long-term IDR affirmed at ‘BBB+’ - Fitch
Fitch Ratings said it has affirmed the Eurasian Development Bank’s ‘BBB+’ long-term issuer default rating (IDR) with a stable outlook, and ‘F2′ short-term IDR, based on the credit standings of its shareholders — the Russian Federation and the Republic of Kazakhstan — and the privileges conferred on it by its two founding member states…
Interfax: FSA suspends Interteach medical insurance license
The Financial Supervision Agency (FSA ) has suspended the medical insurance license of Interteach, Kazakhstan’s medical and healthcare insurance corporation for a three-month term…
The Hindu: Kazakhstan invites investment in farm sector
Ansari told reporters who accompanied him during the week-long visit that Kazakh President Nursultan Nazarbayev told him that his hydrocarbon rich country would welcome investment in agriculture…
politics:
Seattle Times: Kazakhstan’s ambassador talks up trade opportunities
Enriched by oil wealth, the former Soviet republic has increased its per capita GDP from about $400 in 1991, the year it became independent, to more than $7,000 today. Its economy has been growing at more than 9 percent a year…
Interfax: Astana still hopes Austria will extradite Aliev
The Kazakh Prosecutor General’s Office will seek extradition of the country’s president’s former son-in-law, Rakhat Aliev, by Austrian authorities…
Kazakhstan Prime Minister Karim Masimov was awarded an honorary Ph.D. degree and “outstanding alumnus” by his alma mater Wuhan University on Thursday in Wuhan, capital of central China’s Hubei Province…
regional news:
Guardian Unlimited: Europe eyes Caspian energy, woos Turkmenistan
The European Union agreed with Turkmenistan on Thursday to step up energy cooperation following two days of closed-door talks between top EU and Central Asian officials in the long-reclusive Caspian nation…
EurasiaNet: Baku hesitates on Nabucco pipeline project
A recent decision by the Russian energy giant Gazprom to increase prices for Central Asian natural gas will damage construction prospects for the Nabucco pipeline, some Azerbaijani analysts believe. Even prior to the Gazprom move, support in Azerbaijan for the Nabucco route seemed lackluster…
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