business and economy
Business and Economy Roundup - May 15, 2008
Kazakhstan remains upbeat despite negative credit ratings
(EurasiaNet) - Standard & Poor’s credit rating for Kazakhstan has been downgraded from stable to negative, but economic chiefs in Astana remain resolutely upbeat despite rising inflation, stalled construction projects and a shaky global outlook…
AES considers fighting $148 mln Kazakhstan fine
U.S. power producer AES could turn to an international arbitration court to challenge a $148 million fine slapped on it by a Kazakh court for suspected antitrust violations, the company said on Wednesday…
Kazakh banks’ post-crisis potential
(Silk Road Intelligencer) - Some Kazakh banks are better situated than others to weather the current domestic crisis. The levels of exposure to the main source of risk, foreign debt financing, differ greatly among the banks, and may prove to be the deciding factor in their further growth…
KEPCO, Samsung in $4.5 bln Kazakhstan power project (Reuters)
EBRD boosts Kazakh beverage producer JSC RG Brands (Flex News)
National Bank forecasts no currency fluctuations by mid-year
(Interfax) - National Bank chairman Anvar Saidenov does not foresee dramatic fluctuations on Kazakhstan’s currency market…
5th Kazakhstan’s int’l healthcare exhibition KIHE-2008 opened in Almaty (Kazinform)
Kazakhstan and South Korea are intended to increase mutual trade volumes (Kazakhstan Today/Gazeta.kz)
Astana hosts Kazakh-Korean business forum (Kazinform)
“Astana-Finance” JSC, Korea Resources Corporation signed memo of understanding (Kazinfrom)
National Bank of Kazakhstan: Exchange rates May 15, 2008 (Interfax)
Indicators - May 14, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges…
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