Archive for June 19th, 2008

News Roundup - June 19, 2008

energy:

KazMunaiGas EP defers acquisitions ahead of Kazakh tax changes (Thomson Financial - Forbes)

Kazakhstan outlines its tax overhaul plans for oil and metals sectors (Mining Journal Online)

Kazakhstan plans natural gas tax

(Silk Road Intelligencer) - Kazakhstan plans to impose a 15 percent tax on natural-gas production from the beginning of next year as the Central Asian country seeks to boost revenue from its mineral resources, said Economy Minister Bakhyt Sultanov in an interview yesterday according to Kazinform.

business and economy:

Sputnik lost

(neweurasia.net) - The first and the only Kazakh satellite, which was launched last year with a great PR and pompous celebrations, is out of control due to a computer glitch and is likely to be lost altogether.

June gold and exchange currency reserves of Kazakhstan increased by 2.2 percent (Kazakhstan Today)

National Bank of Kazakhstan: Exchange rates June 19, 2008 (Kazinform)

Indicators - June 19, 2008

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

politics:

Early parliamentary poll in the cards (EurasiaNet)

Kazakhstan favors settlement of Middle East problem

(Interfax) - President of Kazakhstan Nursultan Nazarbaev met with Tony Blair, the Middle East Envoy for the United Nations, European Union, United States and Russia, according to the presidential press service.

society:

Kazakhstan to have another holiday on its calendar – Day of Capital (Interfax)

regional news:

Bush administration seeks to shortchange region in democratization aid

(EurasiaNet) - A leading democracy watchdog group is calling on the US Congress to block budget cuts proposed by the Bush administration that would hamper civil society development in Central Asia.

Business and Economy Roundup - June 19, 2008


Sputnik lost

(neweurasia.net) - The first and the only Kazakh satellite, which was launched last year with a great PR and pompous celebrations, is out of control due to a computer glitch and is likely to be lost altogether.

June gold and exchange currency reserves of Kazakhstan increased by 2.2 percent (Kazakhstan Today)

National Bank of Kazakhstan: Exchange rates June 19, 2008 (Kazinform)

Indicators - June 19, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.

Energy Roundup - June 18, 2008

Kazakhstan increased oil production in first five months
(Kazinform) - Kazakhstan, the second-biggest oil producer in the former Soviet
Union after Russia, increased oil production 7.2 percent in the first
five months of the year compared with the same period of 2007.

Russia, Turkmenistan, Kazakhstan discuss pipeline project
(Itar-Tass) - Russia, Turkmenistan and Kazakhstan are arranging principles of the implementation of a Caspian gas pipeline project.

BMB Munai, Inc. announces results for 2008 fiscal year (PR Newswire - redOrbit)

Kazakhstan outlines its tax overhaul plans for oil and metals sectors

The government of Kazakhstan has outlined its tax plans for key oil and metals sectors but did not say what the new tax rates would be.

Kazakhstan said earlier this year it wanted to raise taxes for the booming energy and metals industries while lowering the corporate income tax rate to stimulate other sectors.

(more…)

KazMunaiGas EP defers acquisitions ahead of Kazakh tax changes

KazMunaiGas Exploration & Production, the Kazakh oil producer, said it has put off acquisition plans ahead of planned tax changes in Kazakhstan.

According to Thomson Financial News, that the company has postponed plans to buy three assets, until details of the new tax measures are published.

(more…)

Regional News Roundup - June 19, 2008

Bush
administration seeks to shortchange region in democratization aid

(EurasiaNet) - A leading democracy watchdog group is calling on the US
Congress to block budget cuts proposed by the Bush administration that would
hamper civil society development in Central Asia.

Society Roundup - June 19, 2008

Kazakhstan
to have another holiday on its calendar – Day of Capital
(Interfax)

Politics Roundup - June 19, 2008

Early parliamentary poll in the cards (EurasiaNet)

Kazakhstan favors settlement of Middle East problem
(Interfax) - President of Kazakhstan Nursultan Nazarbaev met with Tony Blair, the Middle East Envoy for the United Nations, European Union, United States and Russia, according to the presidential press service.

Business and Economy Roundup - June 19, 2008

Sputnik lost
(neweurasia.net) - The first and the only Kazakh satellite, which was launched last year with a great PR and pompous celebrations, is out of control due to a computer glitch and is likely to be lost altogether.

June gold and exchange currency reserves of Kazakhstan increased by 2.2 percent (Kazakhstan Today)

National Bank of Kazakhstan: Exchange rates June 19, 2008 (Kazinform)

Indicators - June 19, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.

Early parliamentary poll in the cards

Mounting speculation that Kazakhstan will call an early parliamentary election was fuelled last week when an official from President Nursultan Nazarbayev’s administration dropped heavy hints that a fresh vote is expected as the country gears up to assume the chairmanship of the Organization for Security and Cooperation in Europe in 2010.

(more…)


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