business and economy

Business and Economy Roundup - June 20, 2008

Islamic
financing to launch in Kazakhstan

(Silk Road Intelligencer) - Kazakhstan
will launch first Islamic banking products by the end of 2008, said BTA Bank
board member Georgiy Iosifyan.

Kazakhstan:
grain millers are not able to export flour

(Agrimarket.info) - Almost over the whole territory of
Kazakhstan grain millers report that since this week the national company
“Kazakhstan temir zholy” blocked flour shipments for export, reported
Eugene Gann, President of Union of Grain Processors and Bakers of Kazakhstan.

K-cell
consolidates lead as penetration reaches 83 percent

(Cellular
News) - The number of mobile connections in Kazakhstan
reached 12.7m at the end of Q1 08, an increase of 4.7m or 58.3% year on year.

Session
concerning Kazakhstan accession to WTO held in Almaty

(Kazakhstan
Today) - The session concerning Kazakhstan
accession to World Trade Organization (WTO) took place in Almaty, the agency
reports referring to the press service of European Commission Representation in
Kazakhstan and Kyrgyzstan.

World
Bank says fishing will return to the Aral Sea

(AP – IHT) - The people of the Aral Sea
region, site of one the world’s worst ecological disasters, may soon see their
economy revitalized and large-scale fishing and farming return, World Bank
President Robert Zoellick said Thursday.

World
Bank could finance Western Europe-Western China road construction

(Interfax) - The Kazakh government and the World Bank (WB)
are completing talks on financing the project for construction of the Western
Europe
- Western China road, Kazakh’s Prime
Minister Karim Masimov said.

World
Bank Group president praises prudent policies and reaffirms commitment to
support growth in Kazakhstan
(World Bank Group)

JSC
Compass Asset Management acquires shares in Khan Resources Inc.
(CNW Group)

N.
Nazarbayev stands for Kazakh-Japanese economic partnership enlargement

(Kazinform)

National Bank of Kazakhstan: Exchange rates
June 20, 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.

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