Archive for October 28th, 2008
Kazakhstan Daily News Roundup - October 28, 2008
ENERGY:
Foreign companies boost their Kashagan activities
(New Europe) - As soon as the negotiations between the Kazakh government and the AGIP KCO shareholders more or less defined the future of Kashagan, a sizeable growth of activity has become noticeable in Astana, and the foreign guests have frequented their visits there.
Six months after audit report IFC remains out of compliance at Karachaganak
(BIC) - The IFC has failed to bring into compliance significant failures in the IFC’s environmental monitoring of activities at the Karachaganak field.
BUSINESS AND ECONOMY:
Kazakhstan: Central Asian giant battles world crisis
(GlobalResearch.ca) - Kazakhstan has not been able escape the ravages of the current financial crisis which has swept across the globe.
Kazakh construction slump sparks protests
(IWPR) - As the construction boom seen in Kazakstan’s larger cities slows to a halt, anger over unbuilt homes and broken promises is driving people to take to the streets in protest.
Bank CenterCredit’s income down, assets up
(SRI) - Bank CenterCredit’s net income in the first nine months of the year was KZT 7.081 billion (USD 59 million), a 25 percent drop from the same period last year.
China far ahead, but Kazakhstan still desires India alliance
(IANS) Despite being slow off the block, India can still build close economic and trade ties with oil and mineral rich Kazakhstan as the country is keen to attract Indian investments and expand economic collaboration.
Moody’s rating on Kazakh banks failing (Kazinform)
President Nazarbaev says nation withstanding financial crisis (Interfax)
National Bank of Kazakhstan: Exchange rates October 25, 26, 27, 28, 2008 (Kazinform)
Indicators - October 24, 2008 (Reuters)
POLITICS:
Western inertia fuels Russian drive in Central Asia
(Eurasia Daily Monitor) - On a visit to Astana on October 5, U.S. Secretary of State Condoleezza Rice announced to the press in a conspicuously diplomatic tone that the United States had no intention of undermining Russian interests in Central Asia or drawing Kazakhstan into the American sphere of influence.
Kazakhstan withdraws troops from Iraq (Eurasia Daily Monitor)
Interview: Kazakh PM commends Chinese premier’s visit, SCO’s importance (Kazinform)
Kazakhstan’s President welcomes Italian PM (Kazinform)
SOCIETY:
Dvortsevoy wins top award for “Tulpan” at Tokyo film festival (Bloomberg)
Kazakhstan lacks advanced national seismic service (Interfax)
REGIONAL:
Government ratifies Caspian pipeline accord
(RBC News) - The Russian government today ratified an intergovernmental agreement between Russia, Kazakhstan, and Turkmenistan on cooperation in building the Pre-Caspian gas pipeline.
Oil chronicles: One hot summer
Over the first six months of this year the oil extraction in Kazakhstan increased by 7.8%, natural gas extraction by 15.6% and the production of gas condensate by 4%. The liquid hydrocarbon exports grew by 2.4% in comparison with the previous year’s figures.
Kazakh banks: Dire outlook
Warnings by the international rating agencies about the possibility of yet another reduction in the ratings of Kazakh banks were among the most noteworthy events in the first half of this year. At the same time, these warnings came against a background of the repayment of the banks’ external liabilities.
Kazakhstan Regional News Roundup - October 28, 2008
Government ratifies Caspian pipeline accord
(RBC News) - The Russian government today ratified an intergovernmental agreement between Russia, Kazakhstan, and Turkmenistan on cooperation in building the Pre-Caspian gas pipeline.
Kazakhstan Society Roundup - October 28, 2008
Dvortsevoy wins top award for “Tulpan” at Tokyo film festival (Bloomberg)
Kazakhstan lacks advanced national seismic service (Interfax)
Kazakhstan Politics Roundup - October 28, 2008
Western inertia fuels Russian drive in Central Asia
(Eurasia Daily Monitor) - On a visit to Astana on October 5, U.S. Secretary of State Condoleezza Rice announced to the press in a conspicuously diplomatic tone that the United States had no intention of undermining Russian interests in Central Asia or drawing Kazakhstan into the American sphere of influence.
Kazakhstan withdraws troops from Iraq (Eurasia Daily Monitor)
Interview: Kazakh PM commends Chinese premier’s visit, SCO’s importance (Kazinform)
Kazakhstan’s President welcomes Italian PM (Kazinform)
Kazakhstan Business and Economy News Roundup - October 28, 2008
Kazakhstan: Central Asian giant battles world crisis
(GlobalResearch.ca) - Kazakhstan has not been able escape the ravages of the current financial crisis which has swept across the globe.
Kazakh construction slump sparks protests
(IWPR) - As the construction boom seen in Kazakstan’s larger cities slows to a halt, anger over unbuilt homes and broken promises is driving people to take to the streets in protest.
Bank CenterCredit’s income down, assets up
(SRI) - Bank CenterCredit’s net income in the first nine months of the year was KZT 7.081 billion (USD 59 million), a 25 percent drop from the same period last year.
China far ahead, but Kazakhstan still desires India alliance
(IANS) Despite being slow off the block, India can still build close economic and trade ties with oil and mineral rich Kazakhstan as the country is keen to attract Indian investments and expand economic collaboration.
Moody’s rating on Kazakh banks failing (Kazinform)
President Nazarbaev says nation withstanding financial crisis (Interfax)
National Bank of Kazakhstan: Exchange rates October 25, 26, 27, 28, 2008 (Kazinform)
Indicators - October 24, 2008 (Reuters)
Kazakhstan Energy Roundup - October 28, 2008
Foreign companies boost their Kashagan activities
(New Europe) - As soon as the negotiations between the Kazakh government and the AGIP KCO shareholders more or less defined the future of Kashagan, a sizeable growth of activity has become noticeable in Astana, and the foreign guests have frequented their visits there.
Six months after audit report IFC remains out of compliance at Karachaganak
(BIC) - The IFC has failed to bring into compliance significant failures in the IFC’s environmental monitoring of activities at the Karachaganak field.
Bank CenterCredit’s income down, assets up
(SRI) - Bank CenterCredit’s net income in the first nine months of the year was KZT 7.081 billion (USD 59 million), a 25 percent drop from the same period last year.
