news roundup

News Roundup - April 22, 2008

energy:

Kazakhstan threatens Chevron with fine

(Thomson Financial/CNN) - Kazakhstan’s government on Monday threatened U.S. oil major Chevron Corp. with a fine equivalent to $309 million for alleged environmental violations, Interfax news agency reported…

mineral resources:

Industrial ministry and professional associations outline a program for metals and mining industry development till 2015 (Interfax)

business and investment:

Kazakh Banks asset quality fell significantly since end Q3 2007 - Fitch

(Thomson Financial/Forbes) - Fitch Ratings said Kazakh banking system’s asset quality has fallen significantly since third quarter 2007, hit by seasoning of loan portfolios, slower growth, tighter corporate liquidity, falling real estate prices and potential pressure on the Kazakh tenge…

FSA forecasts bank asset growth at 10-15% in 2008

(Interfax) - The Agency for Financial Supervision (FSA) forecasts a growth of the banks’ total assets by 10-15% within this year, FSA deputy CEO Kuat Kozhakhmetov said on Friday in Astana…

Kazakh bank BTA refinances $100 mln bond

(Reuters) - BTA, one of Kazakhstan’s largest banks, has repaid a $100 million bond at the request of its holder and issued a new one for the same value…

Kazakhstan: necessary structure for grain transportation to Iran is planned to be created (AgriMarket.info)

Kazakhstan is one of Uzbekistan’s leading economic partners (Kazinform)

Realization of Kazakhstan’s Industrial and Innovation Development Strategy for 2003-2015 discussed (Kazinform)

Kazakhstani delegation to participate in session of the UN Conference on trade and development in Accra (Kazakhstan Today/Gazeta.kz)

Indicators - Kazakhstan - April 21

(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges…

politics:

NATO and Kazakhstan

(Gazeta.kz) - Robert Simmons, Special representative of the Secretary General NATO on Central Asia, in all public speeches evaluated interactions between NATO and the republic as close and positive…

Session of the integration committee of the Eurasian Economic Community (EurAsEC) in Moscow will consider the issues of custom union forming of Kazakhstan, Belorussia and Russia (Gazeta.kz)

Opposition’s renaming approved officially (neweurasia.net)

President Nursultan Nazarbayev receives principles of national universities of Kazakhstan appointed by orders of the Head of State (Kazinform)

Kazakh Environmental Protection Ministry worked out draft laws (Kazinform)

President of 62nd session of UN General Assembly to visit Kazakhstan (Kazinfrom)

other news:

Kazakhstan celebrates 1st of May for three consecutive days

(Interfax) - Saturday that falls on May 4, will be observed on Friday, May 2, which makes it a total three full consecutive days off: May 1, May 2 and May 3. May 4th will be a regular business day.

Scary landing tests “beginner” South Korean astronaut

(Reuters) - Only the cool composure of her crewmates calmed South Korea’s first astronaut when she saw flames swirling around their capsule during an unusually steep descent to Earth, she said on Monday…

regional news:

During regular expert session on the Caspian Sea status certain accord in the text of the Framing Convention achieved - Foreign Ministry of Azerbaijan (Gazeta.kz)

Over 110 aircraft to take part in CIS command-and-staff drill (RIA Novosti)

analysis:

Price maneuvering begins for Uzbek and Turkmen natural gas exports to Russia

(EurasiaNet) - Initial indicators suggest that Ashgabat and Tashkent won’t be getting anywhere close to that amount. On April 10, officials at Lukoil, Russia’s major oil conglomerate, spouted off that Uzbekistan would be offered $210/tcm…

Russian waterways may open

(UPI) - Completely unnoticed in the Western media, a Russian transport initiative holds promise to revolutionize the maritime carriage of products throughout Eurasia, including the oil and natural gas so hungrily sought by European consumers…

Kazakhstan and Central Asia’s Great Game

(Khaleej Times) - Nazarbayev, the last First Secretary of Soviet Kazakhstan, his ruled his Central Asian nation as its autocratic President ever since the collapse of the USSR in 1991. Nazarbayev has led the transformation of a Soviet central planned economy into an oil and gas superpower courted by Russia, EU, China, India, and the United States…

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