Archive for January 5th, 2009
Kazakhstan’s 2008 inflation slowed to 9.5 percent
(SRI) - Annual inflation in Kazakhstan slowed to 9.5 percent in 2008 from 18.8 percent in 2007, the central bank reported on Monday.
Kazakhstan Daily News Roundup - January 5, 2009
ANALYSIS:
Kazakhstan dismisses threat of devaluation amid economic downturn
(SRI) - In December, Kazakhstan’s central banker Anvar Saidenov denied the possibility of a devaluation of the tenge, amid speculations that the state’s foreign and gold reserves are rapidly depleting and the central bank may be unable to maintain the current exchange rate.
Kazakhstan officially abolishes oil export duty
(SRI) - Last week, Kazakhstan officially announced the abolishing of the oil export duty for all oil companies operating in Kazakhstan as of January 26, 2009.
ENERGY:
Kazakhstan officially abolishes oil export duty (SRI)
KazMunaiGaz sets key priorities at a time of financial crisis
(New Europe) - At a time of world financial crisis and plunging prices for oil, Kazakhstan’s oilmen are trying to cut costs by setting their priorities straight.
Analysis: 2008 Caspian energy production
(UPI) - For the five petro-states ringing the Caspian, 2008 can best be summed up by the opening line of Charles Dickens’ “A Tale of Two Cities” — “It was the best of times, it was the worst of times.”
Gazprom inks gas deals with Central Asian suppliers (RBC News)
India to invest in Russian, Kazakh uranium mines (Interfax)
Tethys Petroleum: Update on Tajik and Kazakh operations (Marketwire - MSNBC)
MINERAL RESOURCES:
Polyus, KazakhGold agree on revised stake sale deal terms
(MarketWatch - Dow Jones) - Russian gold miner Polyus Gold and Kazakhstan’s KazakhGold Group said they have agreed on revised terms of Polyus’ preliminary offer to purchase a 50.1% stake in KazakhGold.
Over 900 employees of Arcelor Mittal Temirtau to retire prematurely (Interfax)
BUSINESS AND ECONOMICS:
Kazakh central bank cuts refinancing rate
(SRI) - Kazakhstan’s central bank cut its key refinancing rate to 10.0 percent from 10.5 percent on January 1 to help provide liquidity to the nation’s embattled commercial banks and overcome the country’s recent economic slump.
Kazakhstan dismisses threat of devaluation amid economic downturn (SRI)
Despite global financial crisis last year, Kazakhstan’s economic growth continued - Nazarbayev (TREND)
China Development Bank extends credit facility to DBK (Interfax)
Kazakhstan’s GDP per capita to exceed $8,400 in 2008 – president (Interfax)
National Bank of Kazakhstan: Exchange rates January 1 - 5, 2009 (Kazinform)
POLITICS:
Joining the OSCE Troika will be the key event for Kazakhstan in 2009 (Interfax)
SOCIETY:
Kazakh science policy: Sincere efforts, but little progress
(Central Asia Blog) - Despite ’sincere’ efforts by the Kazakh state, funding for science research and education has actually slipped from 0.2 to 0.15 percent of GDP.
REGIONAL:
Analysis: Central Asian energy in 2008
(UPI) - For Kyrgyzstan, Tajikistan and Uzbekistan, 2008 has been a year of stress and possibility. Given their geographic isolation, all three nations have been forced to acknowledge the reality of Russia’s ongoing regional influence.
Caspian Basin: Russia faces a collapse of its economic and political clout
(EurasiaNet) - The global economic crisis is forcing Russia to rethink its economic and geopolitical approaches toward the Caspian Basin.
Iran agrees to help finance Central Asian railway (Stratfor)
Kazakhstan Regional News Roundup - January 5, 2009
Analysis: Central Asian energy in 2008
(UPI) - For Kyrgyzstan, Tajikistan and Uzbekistan, 2008 has been a year of stress and possibility. Given their geographic isolation, all three nations have been forced to acknowledge the reality of Russia’s ongoing regional influence.
Caspian Basin: Russia faces a collapse of its economic and political clout
(EurasiaNet) - The global economic crisis is forcing Russia to rethink its economic and geopolitical approaches toward the Caspian Basin.
Iran agrees to help finance Central Asian railway (Stratfor)
Kazakhstan Society Roundup - January 5, 2009
Kazakh science policy: Sincere efforts, but little progress
(Central Asia Blog) - Despite ’sincere’ efforts by the Kazakh state, funding for science research and education has actually slipped from 0.2 to 0.15 percent of GDP.
Kazakhstan Politics Roundup - January 5, 2009
Joining the OSCE Troika will be the key event for Kazakhstan in 2009 (Interfax)
Kazakhstan Business and Economy Roundup - January 5, 2009
Kazakh central bank cuts refinancing rate
(SRI) - Kazakhstan’s central bank cut its key refinancing rate to 10.0 percent from 10.5 percent on January 1 to help provide liquidity to the nation’s embattled commercial banks and overcome the country’s recent economic slump.
Kazakhstan dismisses threat of devaluation amid economic downturn (SRI)
Despite global financial crisis last year, Kazakhstan’s economic growth continued - Nazarbayev (TREND)
China Development Bank extends credit facility to DBK (Interfax)
Kazakhstan’s GDP per capita to exceed $8,400 in 2008 – president (Interfax)
National Bank of Kazakhstan: Exchange rates January 1 - 5, 2009 (Kazinform)
Kazakhstan Mineral Resources Roundup - January 5, 2009
Polyus, KazakhGold agree on revised stake sale deal terms
(MarketWatch - Dow Jones) - Russian gold miner Polyus Gold and Kazakhstan’s KazakhGold Group said they have agreed on revised terms of Polyus’ preliminary offer to purchase a 50.1% stake in KazakhGold.
Over 900 employees of Arcelor Mittal Temirtau to retire prematurely (Interfax)
Kazakhstan Energy Roundup - January 5, 2009
Kazakhstan officially abolishes oil export duty (SRI)
KazMunaiGaz sets key priorities at a time of financial crisis
(New Europe) - At a time of world financial crisis and plunging prices for oil, Kazakhstan’s oilmen are trying to cut costs by setting their priorities straight.
Analysis: 2008 Caspian energy production
(UPI) - For the five petro-states ringing the Caspian, 2008 can best be summed up by the opening line of Charles Dickens’ “A Tale of Two Cities” — “It was the best of times, it was the worst of times.”
Gazprom inks gas deals with Central Asian suppliers (RBC News)
India to invest in Russian, Kazakh uranium mines (Interfax)
Tethys Petroleum: Update on Tajik and Kazakh operations (Marketwire - MSNBC)
