Kazakhstan Business and Economy Roundup - June 27, 2008

business and economy

Kazakhstan Business and Economy Roundup - June 27, 2008

By SRI ⋅ June 27, 2008 ⋅

National Bank lowered minimal reserve requirements by 1% starting from July 29
(Interfax) - “In order to regulate short-term liquidity of second-tier banks National Bank has changed minimal reserve requirements: instead of 6% for domestic liabilities and 8% for other liabilities, new rates of 5% and 7% respectively have been imposed,” National Bank said in a press release.

Construction of Finance Center in Almaty nearly completed
(CaspioNet) - A Finance Centre in Almaty is at the final stage of the first phase of construction, with 4 office buildings designed by top architects from New York to open their doors in the autumn of this year.

Temirbank repaid $130 ml loan to Standard Bank
(Silk Road Intelligencer) - Temirbank, the 7th largest Kazakh bank, has repaid Standard Bank loan of $130 million, Kazakhstan Stock Exchange (KASE) reported.

National Bank boost capital of Deposit Insurance Fund
(Silk Road Intelligencer) - The National Bank contributed 14 billion tenge ($120 million) to increase the registered capital of Deposit Insurance Fund, Interfax-Kazakhstan reported.

Edmond Shipway score £225m Kazakhstan scheme (QS Week)

China is ready to import grain and flour from Kazakhstan (AgriMarket.info)

Air Astana revises services at Astana International Airport (easier travel)

Kazakhstan invites American companies to develop its transit potential (Kazinform)

National Bank of Kazakhstan: Exchange rates June 27, 2008 (Kazinform)

Indicators - June 26, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.