Archive for October 20th, 2008
Kazakhstan Daily News Roundup - October 20, 2008
ENERGY:
Atyrau-Samara to be expanded to 17 million tons a year by 2009
(SRI) - Capacity of the Atyrau-Samara oil pipeline will be expanded to 17 million tons in 2009, Nurtas Shmanov, general director of KazTransOil, said.
Kazakhstan: ‘No plans to use ESPO pipeline’ (Oil and Gas Journal)
Kazakhstan oil flow via Baku-Ceyhan pipeline increased by 3 million tons (Azeri Press Agency)
MINERAL RESOURCES:
Kazakhmys calls off merger talks
(SRI) - Kazakhmys, the Kazakh LSE-listed copper miner, has called off merger talks with Metalloinvest, an unlisted Russian mining group, after it has seen its share price slump 85 percent since May.
BUSINESS AND ECONOMY:
Home Credit business model introduced at IBA after acquisition
(bne) - International Bank of Almaty is re-branding as Home Credit after Jiri Smejc, a large shareholder in the Netherlands-based investment firm PPF Group that owns Home Credit, bought 90.01% of its shares. Home Credit acquired the remaining 9.99%.
Indian PNB plans to acquire a Kazakh bank
(SRI) - Indian state-run Punjab National Bank (PNB) plans to acquire a bank in Kazakhstan as part of its overseas expansion strategy, according to PNB chairman and managing director KC Chakrabarty.
Kulibayev appointed deputy head of SamrukKazyna
(SRI) - Timur Kulibayev, the influential son-in-law of Kazakhstan’s president, has been appointed deputy head of SamrukKazyna, a new state holding company managing strategic national assets, the government said on Friday.
Kazakh National Welfare Fund to be worth $40 billion
(Interfax) - SamrukKazyna, the National Welfare Fund that is being set up in Kazakhstan, will have $40 bl capitalization, stated President of Kazakhstan Nursultan Nazarbaev.
Nazarbayev: Kazakhstan not planning nationalizations
(Interfax) - Kazakh President Nursultan Nazarbayev does not see the need to nationalize commercial banks and major companies, although state regulation during the crisis period must be strengthened, he said.
Kazakh backed UTG threatens EBRD financed project (The FINANCIAL)
Kazakhstan guarantees presence of grain on the domestic market and absence of export bans (AgriMarket.Info)
State financial injections not to have a desired effect if inflation is high – expert (Interfax)
Indicators - October 17, 2008 (Reuters)
POLITICS:
Kazakhstan to promote mutual trust between cultures as OSCE, OIC president - Nazarbayev (Interfax)
SOCIETY:
Concern at township plan for diaspora Kazakhs
(IWPR) - For the last decade, Kazakhs have been making their way from places as far afield as Turkey and Mongolia back to the land their grandparents called home. Once in Kazakhstan, however, they have not always found it easy to adjust, and some feel the government has not lived up to its pledge to welcome them with open arms.
REGIONAL:
Iran gains from Georgian confrontation
(Eurasia Daily Monitor) - In the aftermath of the August Georgian-Russian confrontation, a new Caspian geopolitical reality is slowly emerging from the fog of war.
Kulibayev appointed deputy head of SamrukKazyna
(SRI) - Timur Kulibayev, the influential son-in-law of Kazakhstan’s president, has been appointed deputy head of SamrukKazyna, a new state holding company managing strategic national assets, the government said on Friday.
Kazakhstan Society Roundup - October 20, 2008
Concern at township plan for diaspora Kazakhs
(IWPR) - For the last decade, Kazakhs have been making their way from places as far afield as Turkey and Mongolia back to the land their grandparents called home. Once in Kazakhstan, however, they have not always found it easy to adjust, and some feel the government has not lived up to its pledge to welcome them with open arms.
Kazakhstan Politics Roundup - October 20, 2008
Kazakhstan to promote mutual trust between cultures as OSCE, OIC president - Nazarbayev (Interfax)
Kazakhstan Business and Economy Roundup - October 20, 2008
Home Credit business model introduced at IBA after acquisition
(bne) - International Bank of Almaty is re-branding as Home Credit after Jiri Smejc, a large shareholder in the Netherlands-based investment firm PPF Group that owns Home Credit, bought 90.01% of its shares. Home Credit acquired the remaining 9.99%.
Indian PNB plans to acquire a Kazakh bank
(SRI) - Indian state-run Punjab National Bank (PNB) plans to acquire a bank in Kazakhstan as part of its overseas expansion strategy, according to PNB chairman and managing director KC Chakrabarty.
Kulibayev appointed deputy head of SamrukKazyna
(SRI) - Timur Kulibayev, the influential son-in-law of Kazakhstan’s president, has been appointed deputy head of SamrukKazyna, a new state holding company managing strategic national assets, the government said on Friday.
Kazakh National Welfare Fund to be worth $40 billion
(Interfax) - SamrukKazyna, the National Welfare Fund that is being set up in Kazakhstan, will have $40 bl capitalization, stated President of Kazakhstan Nursultan Nazarbaev.
Nazarbayev: Kazakhstan not planning nationalizations
(Interfax) - Kazakh President Nursultan Nazarbayev does not see the need to nationalize commercial banks and major companies, although state regulation during the crisis period must be strengthened, he said.
Kazakh backed UTG threatens EBRD financed project (The FINANCIAL)
Kazakhstan guarantees presence of grain on the domestic market and absence of export bans (AgriMarket.Info)
State financial injections not to have a desired effect if inflation is high – expert (Interfax)
Indicators - October 17, 2008 (Reuters)
Kazakhstan Regional News Roundup - October 20, 2008
Iran gains from Georgian confrontation
(Eurasia Daily Monitor) - In the aftermath of the August Georgian-Russian confrontation, a new Caspian geopolitical reality is slowly emerging from the fog of war.
Kazakhstan Mineral Resources Roundup - October 20, 2008
Kazakhmys calls off merger talks
(SRI) - Kazakhmys, the Kazakh LSE-listed copper miner, has called off merger talks with Metalloinvest, an unlisted Russian mining group, after it has seen its share price slump 85 percent since May.
Kazakhstan Energy Roundup - October 20, 2008
Atyrau-Samara to be expanded to 17 million tons a year by 2009
(SRI) - Capacity of the Atyrau-Samara oil pipeline will be expanded to 17 million tons in 2009, Nurtas Shmanov, general director of KazTransOil, said.
Kazakhstan: ‘No plans to use ESPO pipeline’ (Oil and Gas Journal)
Kazakhstan oil flow via Baku-Ceyhan pipeline increased by 3 million tons (Azeri Press Agency)
Atyrau-Samara to be expanded to 17 million tons a year by 2009
(SRI) - Capacity of the Atyrau-Samara oil pipeline will be expanded to 17 million tons in 2009, Nurtas Shmanov, general director of KazTransOil, said.
Kazakhmys calls off merger talks
(SRI) - Kazakhmys, the Kazakh LSE-listed copper miner, has called off merger talks with Metalloinvest, an unlisted Russian mining group, after it has seen its share price slump 85 percent since May.
