business and economy
Business and Economy Roundup - May 19, 2008
Raiffeisen cool on Kazakhstan, eyes $400mln Russia spend
(Reuters) - Austrian bank Raiffeisen International will not make an acquisition in Kazakhstan this year but plans to invest $400 million in neighbouring Russia, its chief executive said on Sunday.
Qatar Islamic Bank plans $100 million Kazakh start-up
(Bloomberg) - Qatar Islamic Bank SAQ, the Persian Gulf state’s biggest Shariah-compliant lender, plans to start an Islamic bank in Kazakhstan with the former Soviet republic’s government to tap its oil-fueled economic growth.
Kazakhstan to decide on Samruk IPO, debt by autumn
(Reuters/Guardian) - Kazakhstan will decide the capital markets strategy of state holding company Samruk, which manages some of the country’s most strategic assets — including oil — by autumn, Finance Minister Bolat Zhamishev said on Sunday.
Kazakhstan cuts 2008 GDP growth forecast to 5.3 pct
(Reuters) - Kazakhstan has cut its 2008 economic growth forecast to 5.3 percent from a previous range of 5-7 percent, Economy Minister Bakhyt Sultanov said on Friday.
EBRD cuts forecasts for three key states
(Financial Times) - The European Bank for Reconstruction and Development on Sunday cut growth forecasts for Ukraine, Kazakhstan, and Romania – three key countries for emerging markets investors – because of difficulties arising from the global credit crunch and mounting inflation.
Minister of Economy and Budget Planning Bakhyt Sultanov: Global market volatility does not scare Kazakhstan
(Interfax/Stockhouse) -
Improving business climate, growing international reserves and record high prices for key export commodities of Kazakhstan underlie economic stability of the country against the global liquidity squeeze, Minister of Economy and Budget Planning Bakhyt Sultanov expressed has his opinion in an interview with Interfax-Kazakhstan.
No chaffing matter
(Transitions Online) - The shortsighted protectionism of Central Asia’s only major grain exporter is the latest body blow to the region’s unsteady economies…
Several agreements on Kazakhstan’s large projects realization signed in Egypt (Kazinform)
German entrepreneurs to visit Kazakhstan (Kazinform)
Ministry of Economics considers inflation in Kazakhstan not to exceed 10 percent (Kazakhstan Today/Stockhouse)
Kazakhstan and Israel interested in strengthening of cooperation in sphere of innovation technologies (Kazakhstan Today/Gazeta.kz)
Basic pension in Kazakhstan will be increased by KZT600 from July1 of the current year - Sultanov (Kazakhstan Today/Gazeta.kz)
Price for fuel soared in Astana - newspaper (Kazakhstan Today/Gazeta.kz)
National Bank of Kazakhstan: Exchange rates May 17-19, 2008 (Kazinform)
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