Archive for September 29th, 2008
Kazakhstan Daily News Roundup - September 29, 2008
ENERGY:
Kazakhstan to spend $2 bln on grid upgrades
(Reuters) - Kazakhstan plans to spend $1.8 billion to upgrade its Soviet-era electricity grid to help curb energy losses at a time when domestic demand exceeds supply.
KazTransOil not leaving Georgia, according to Interfax
(SRI) - KazTransOil, Kazakhstan’s national pipeline operator, has not abandoned its plans to invest in the Batumi port and oil terminal, the company claims.
Kyrgyzstan to import electricity from Kazakhstan (Kazinform)
MINERAL RESOURCES:
Polyus Gold eyes Kazakhgold majority stake
(Reuters) - Russia’s top gold producer Polyus Gold said on Friday it had approached Kazakh gold miner Kazakhgold in connection with a possible offer for a controlling stake in the London-listed miner.
Orsusays Varvarinskoye throughput shows significant rise
(Thomson Financial - Hemscott) - Orsu Metals Corp. said its Varvarinskoye copper-gold mine in Kazakhstan has seen significant increases in throughput.
BUSINESS AND ECONOMY:
Turbulence ahead for Kazakh carrier Air Astana
(bne) - Rising fuel costs and global economic uncertainty have caused the Kazakh carrier to cut its profit forecast and adopt a more cautious expansion strategy.
IMF slashes economic growth forecast for 2008 and 2009
(SRI) - The International Monetary Fund cut its economic growth forecasts for Kazakhstan for the next two year but remains optimistic about its medium-term prospects.
Farah Growth Fund officially established
(SRI) - Kazakhstan has established a closed-end investment fund that will focus on investments in companies active in sectors such as energy, oil and gas, finances and insurance, field development, commercial real estate.
Astana and Minsk to sign two-year cooperation plan
(Interfax) – Kazakhstan and Belarus will adopt a bilateral cooperation program for 2009-2010 in Decembers.
Samruk Holding chairman introduced new Managing Director (Kazakhstan Today)
Half-year investments to basic capital made up $12.5 bln: Kazakh Minister of Transport (Kazinform)
Austrian businessmen discussed potential coop with Kazakhstan (Kazinform)
Kazakhstan likely not to ban wheat export this year: Minister of Agriculture (Kazinform)
Experts discuss issues of franchising development in Kazakhstan (Kazinform)
National Bank of Kazakhstan: Exchange rates September 27, 28, 29, 2008 (Kazinform)
Indicators - September 26, 2008 (Reuters)
POLITICS:
Investigations, attempted kidnapping case linked to Kazakhstan’s Aliev
(RFE/RL) - Rakhat Aliev, the exiled former son-in-law of President Nursultan Nazarbaev, seems to have found safe haven from the long arm of Kazakhstan’s law. But that might not be the case for some of his powerful former associates, two of whom have reportedly been questioned by Kazakh authorities in recent days.
World on brink of new nuclear arms race, top Kazakh official warns UN (UN News Center)
Kazakhstan Politics Roundup - September 29, 2008
Investigations, attempted kidnapping case linked to Kazakhstan’s Aliev
(RFE/RL) - Rakhat Aliev, the exiled former son-in-law of President Nursultan Nazarbaev, seems to have found safe haven from the long arm of Kazakhstan’s law. But that might not be the case for some of his powerful former associates, two of whom have reportedly been questioned by Kazakh authorities in recent days.
World on brink of new nuclear arms race, top Kazakh official warns UN (UN News Center)
Kazakhstan Business and Economy Roundup - September 29, 2008
Turbulence ahead for Kazakh carrier Air Astana
(bne) - Rising fuel costs and global economic uncertainty have caused the Kazakh carrier to cut its profit forecast and adopt a more cautious expansion strategy.
IMF slashes economic growth forecast for 2008 and 2009
(SRI) - The International Monetary Fund cut its economic growth forecasts for Kazakhstan for the next two year but remains optimistic about its medium-term prospects.
Farah Growth Fund officially established
(SRI) - Kazakhstan has established a closed-end investment fund that will focus on investments in companies active in sectors such as energy, oil and gas, finances and insurance, field development, commercial real estate.
Astana and Minsk to sign two-year cooperation plan
(Interfax) – Kazakhstan and Belarus will adopt a bilateral cooperation program for 2009-2010 in Decembers.
Samruk Holding chairman introduced new Managing Director (Kazakhstan Today)
Half-year investments to basic capital made up $12.5 bln: Kazakh Minister of Transport (Kazinform)
Austrian businessmen discussed potential coop with Kazakhstan (Kazinform)
Kazakhstan likely not to ban wheat export this year: Minister of Agriculture (Kazinform)
Experts discuss issues of franchising development in Kazakhstan (Kazinform)
National Bank of Kazakhstan: Exchange rates September 27, 28, 29, 2008 (Kazinform)
Indicators - September 26, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - September 29, 2008
Polyus Gold eyes Kazakhgold majority stake
(Reuters) - Russia’s top gold producer Polyus Gold said on Friday it had approached Kazakh gold miner Kazakhgold in connection with a possible offer for a controlling stake in the London-listed miner.
Orsusays Varvarinskoye throughput shows significant rise
(Thomson Financial - Hemscott) - Orsu Metals Corp. said its Varvarinskoye copper-gold mine in Kazakhstan has seen significant increases in throughput.
Kazakhstan Energy Roundup - September 29, 2008
Kazakhstan to spend $2 bln on grid upgrades
(Reuters) - Kazakhstan plans to spend $1.8 billion to upgrade its Soviet-era electricity grid to help curb energy losses at a time when domestic demand exceeds supply.
KazTransOil not leaving Georgia, according to Interfax
(SRI) - KazTransOil, Kazakhstan’s national pipeline operator, has not abandoned its plans to invest in the Batumi port and oil terminal, the company claims.
Kyrgyzstan to import electricity from Kazakhstan (Kazinform)
IMF slashes economic growth forecast for 2008 and 2009
(SRI) - The International Monetary Fund cut its economic growth forecasts for Kazakhstan for the next two year but remains optimistic about its medium-term prospects, Reuters reported on Friday.
