Kazakhstan Business and Economy Roundup - June 23, 2008

business and economy

Kazakhstan Business and Economy Roundup - June 23, 2008

By SRI ⋅ June 23, 2008 ⋅

Marubeni, Kazakhstan to work on emissions projects

(Reuters) - Japan’s Marubeni Corp and Kazakhstan’s Environmental Protection Ministry have signed a pact to jointly promote the development of projects to cut greenhouse gas emissions in Kazakhstan, the Japanese trading firm said on Friday.

Emirates’ Alnair to buy 25 percent of Kazkommertsbank’s shares

(Silk Road Intelligencer) - Alnair Capital Holding has bought an 8 percent stake in Kazkommertsbank and expects the Financial Supervision Agency (FSA) to approve its plan to bring its holdings to 25 percent.

Bank CenterCredit borrows $40 ml from DEG

(Silk Road Intelligencer) - Kazakhstan-based Bank CenterCredit has raised a 5-year $40 ml loan from DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a German development insitution.

Highway to prosperity

(neweurasia.net) - Bob Zoellick used his three-day trip to Kazakhstan to announce a $2.5 billion infrastructure project together with Prime Minister Massimov - a long planned trade corridor linking China and Europe by road.

Nazarbaev suggests elevating status of Kazakh-Japanese economic cooperation (Interfax)

Syrdarya Control & Northern Aral Sea Phase 2 Project to commence in 2009 (Interfax)

Kazakhstan, Hungary governments to develop economic cooperation (Kazakhstan Today)

Belarus ratifies agreement with Kazakhstan, Russia on coordinated policy on sanitary measures (Kazinform)

Kazakhstan’s joining the CGIAR to be discussed in Astana (Kazinform)

National Bank of Kazakhstan: Exchange rates June 21, 22, 23, 2008 (Kazinform)

Indicators - June 20, 2008

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