Archive for October 21st, 2008
Kazakhstan Daily News Roundup - October 21, 2008
ENERGY:
Cost of CPC pipeline expansion estimated at USD 3.5 billion
(SRI) - The cost of the planned expansion of the throughput capacity of the Caspian Pipeline Consortium (CPC) pipeline is currently estimated at USD 3.5 billion.
EU turns to Kazakhstan for Nabucco gas supply
(New Europe) - Kazakhstan may become a supplier for the US and EU-backed Nabucco gas pipeline project.
Tethys Petroleum: Operations update (Marketwire - MarketWatch)
BUSINESS AND ECONOMY:
Kazakhstan to pump in USD 15 billion to aid economy
(Reuters) - Kazakhstan will inject a total of $15 billion this year into its slowing economy, hit hard by the global credit crunch.
Kazakhstan to use oil wealth to avert bank failures
(Bloomberg) - Kazakhstan’s Prime Minister Karim Masimov said he will spend oil revenue to spur growth and prevent any failure by the central Asian nation’s banks, which investors rank as the most prone to default in emerging markets.
Moody’s cuts outlook for Kazakhstan’s banking system to negative
(Moody’s) - The fundamental credit outlook for the Kazakh banking system is negative, reflecting its weakening asset quality and stressed funding profile, says Moody’s Investors Service in its new Banking System Outlook for Kazakhstan.
Goldman Sachs cuts Kazakhstan’s outlook (SRI)
Kazakhstan: Investor status
(ISN) - Kazakh investments abroad extend their reach, from gold-mining in Central Asia to banking and major construction projects in Russia. Even France has become a very serious suitor.
Budget to provide KZT 52 billion as capital for the Distressed Assets Fund (Interfax)
Iran, Kazakhstan sign cooperation agreement (Kazinform)
National Bank of Kazakhstan: Exchange rates October 21, 2008 (Kazinform)
POLITICS:
Estonia plans to activate political, economic coop with Kazakhstan (Kazinform)
President Nazarbaev signed Law on Assembly of Peoples of Kazakhstan (Interfax)
Kazakh PM met UAE President in Shymkent (Interfax)
Kazakhstan Politics Roundup - October 21, 2008
Estonia plans to activate political, economic coop with Kazakhstan (Kazinform)
President Nazarbaev signed Law on Assembly of Peoples of Kazakhstan (Interfax)
Kazakh PM met UAE President in Shymkent (Interfax)
Kazakhstan Business and Economy Roundup - October 21, 2008
Kazakhstan to pump in USD 15 billion to aid economy
(Reuters) - Kazakhstan will inject a total of $15 billion this year into its slowing economy, hit hard by the global credit crunch.
Kazakhstan to use oil wealth to avert bank failures
(Bloomberg) - Kazakhstan’s Prime Minister Karim Masimov said he will spend oil revenue to spur growth and prevent any failure by the central Asian nation’s banks, which investors rank as the most prone to default in emerging markets.
Moody’s cuts outlook for Kazakhstan’s banking system to negative
(Moody’s) - The fundamental credit outlook for the Kazakh banking system is negative, reflecting its weakening asset quality and stressed funding profile, says Moody’s Investors Service in its new Banking System Outlook for Kazakhstan.
Goldman Sachs cuts Kazakhstan’s outlook (SRI)
Kazakhstan: Investor status
(ISN) - Kazakh investments abroad extend their reach, from gold-mining in Central Asia to banking and major construction projects in Russia. Even France has become a very serious suitor.
Budget to provide KZT 52 billion as capital for the Distressed Assets Fund (Interfax)
Iran, Kazakhstan sign cooperation agreement (Kazinform)
National Bank of Kazakhstan: Exchange rates October 21, 2008 (Kazinform)
Kazakhstan Energy Roundup - October 21, 2008
Cost of CPC pipeline expansion estimated at USD 3.5 billion
(SRI) - The cost of the planned expansion of the throughput capacity of the Caspian Pipeline Consortium (CPC) pipeline is currently estimated at USD 3.5 billion.
EU turns to Kazakhstan for Nabucco gas supply
(New Europe) - Kazakhstan may become a supplier for the US and EU-backed Nabucco gas pipeline project.
Tethys Petroleum: Operations update (Marketwire - MarketWatch)
Kazakhstan to pump in USD 15 billion to boost economy
(Reuters) - Kazakhstan will inject a total of $15 billion this year into its slowing economy, hit hard by the global credit crunch, the government said on Monday.
Moody’s cuts outlook for Kazakhstan’s banking system to negative
(Moody’s) - The fundamental credit outlook for the Kazakh banking system is negative, reflecting its weakening asset quality and stressed funding profile, says Moody’s Investors Service in its new Banking System Outlook for Kazakhstan.
Goldman Sachs cuts Kazakhstan’s outlook
(SRI) - Goldman Sachs cut its outlooks for the Czech Republic, Hungary, Poland, Russia, Turkey, South Africa and Kazakhstan, lowered exchange-rate forecasts on four currencies from the group and changed the forecast for interest rates in the Czech Republic and South Africa, Interfax reported.
Cost of CPC pipeline expansion estimated at USD 3.5 billion
(SRI) - The cost of the planned expansion of the throughput capacity of the Caspian Pipeline Consortium (CPC) pipeline is currently estimated at USD 3.5 billion, said Igor Kozin, the general manager for the pipeline’s expansion.
