Archive for July 29th, 2008
Headlines
Profitability of Kazakh oil sector to be 20-25 percent after introduction of new tax code
Kazakhstan and Russia as energy empires
Kazakhstan, EU discussed coop development
Iran, Kazakhstan to boost co-op in power sector
Bank CenterCredit assets up in H1
Payment cards in Kazakhstan up 35 percent
New tax code to cancel stable tax regime under the earlier concluded contracts on subsoil use
Scots firms flock to Kazakhstan’s new world of opportunities
Number of internet users in Kazakhtelecom network jumped 2.5 times in H1
Astana diplomat, on hot seat, gives U.S. congressmen an earful
Israeli-Kazakh cooperation grows
Kazakhstan News Roundup - July 29, 2008
ENERGY:
High tax rates for oil companies not profitable for Kazakhstan, KazEnergy head Timur Kulibayev
(TREND) - The specialists of KazEnergy believe that the way in which the government calculates tax payments does not meet the world practice.
Kazakhstan reached compromise in Kashagan oil project, EU Envoy Pierre Morel (TREND)
CITIC Resources target price cut on lower Kazakh oil output (SRI)
JSC Company KazTransGas-Almaty warned on gas tariff increase since August 1 - newspaper (Kazakhstan Today)
BUSINESS AND ECONOMY:
Government to establish commission on shared construction issues
(SRI) - The Kazakh government will establish a commission to deal with the problems of shared construction participants - equity shareholders who have prepaid for new properties that have not been completed.
Vimpelcom’s Kazakh subsidiary gets new GSM frequency
(SRI) - The Kazakh subsidiary of Russia’s Vimpelcom operating the Beeline brand in the country has gained state permission to use the higher-quality GSM-1800 frequency.
Astana akimat to solve problems of shared construction - Masimov
(Kazakhstan Today) - 107 billion KZT has been allocated to Astana for support of financial organizations and construction companies, including 41 billion KZT for purchase of apartments and 17.2 billion KZT for completion of problem objects.
Development Bank of Kazakhstan assets increased by nearly 50 percent in first half of 2008 (SRI)
S&P affirmed banking industry country risk assessment on Kazakhstan In group 8 (Interfax)
KTZ President had talks with President of Russian Railways (Kazinform)
National Bank of Kazakhstan: Exchange rates July 29, 2008 (Kazinform)
Indicators - July 28, 2008 (Reuters)
POLITICS:
Aliyev, America and new parliament (neweurasia.net)
Senior Kazakh official convicted of abuse of office (Interfax)
REGIONAL NEWS:
Treaty is a treaty
(Kommersant) - Gazprom to pay Turkmenistan for its gas at a market price and give it a 0% credit.
Gazprom helps Turkmenistan to boost Caspian pipeline to 30bn cu m/y (www.defsec.info)
Russia will invest in the development of Central Asian railways (neweurasia.net)
IFC to help banks in Azerbaijan and Central Asia develop mortgage lending programs (Webwire)
Government to establish commission on shared construction issues
(SRI) - The Kazakh government will establish a commission to deal with the problems of shared construction participants - equity shareholders who have prepaid for new properties that have not been completed.
Kazakhstan Regional News Roundup - July 29, 2008
Treaty is a treaty
(Kommersant) - Gazprom to pay Turkmenistan for its gas at a market price and give it a 0% credit.
Gazprom helps Turkmenistan to boost Caspian pipeline to 30bn cu m/y (www.defsec.info)
Russia will invest in the development of Central Asian railways (neweurasia.net)
IFC to help banks in Azerbaijan and Central Asia develop mortgage lending programs (Webwire)
Kazakhstan Politics Roundup - July 29, 2008
Aliyev, America and new parliament (neweurasia.net)
Senior Kazakh official convicted of abuse of office (Interfax)
Kazakhstan Business and Economy Roundup - July 29, 2008
Government to establish commission on shared construction issues(SRI)
Vimpelcom’s Kazakh subsidiary gets new GSM frequency (SRI)
Astana akimat to solve problems of shared construction - Masimov
(Kazakhstan Today) - 107 billion KZT has been allocated to Astana for support of financial organizations and construction companies, including 41 billion KZT for purchase of apartments and 17.2 billion KZT for completion of problem objects.
S&P affirmed banking industry country risk assessment on Kazakhstan In group 8 (Interfax)
KTZ President had talks with President of Russian Railways (Kazinform)
National Bank of Kazakhstan: Exchange rates July 29, 2008 (Kazinform)
Indicators - July 28, 2008 (Reuters)
Kazakhstan Energy Roundup - July 29, 2008
High tax rates for oil companies not profitable for Kazakhstan, KazEnergy head Timur Kulibayev
(TREND) - The specialists of KazEnergy believe that the way in which the government calculates tax payments does not meet the world practice.
Kazakhstan reached compromise in Kashagan oil project, EU Envoy Pierre Morel (TREND)
CITIC Resources target price cut on lower Kazakh oil output (SRI)
JSC Company KazTransGas-Almaty warned on gas tariff increase since August 1 - newspaper (Kazakhstan Today)
CITIC Resources target price cut on lower Kazakh oil output
UOB KayHian, a Singapore-based investment bank, said it has kept its “buy” call on CITIC Resources Holdings but has downgraded its net profit estimates and cut its target price to HKD 4.45 from HKD 7.51 on lower than expected oil production in Kazakhstan, Xinhua reported.
Gazprom helps Turkmenistan to boost Caspian pipeline to 30bn cu m/y
(www.defsec.info) - During the latest visit of Aleksey Miller, head of Gazprom in Turkmenistan they agreed to boost capacity of the Caspian Pipeline from 20 to 30bn cu m/y.
Vimpelcom’s Kazakh subsidiary gets new GSM frequency
(SRI) - The Kazakh subsidiary of Russia’s Vimpelcom operating the Beeline brand in the country has gained state permission to use the higher-quality GSM-1800 frequency in the Central Asian state, the company said on Monday.
