Archive for January 12th, 2009
Former presidential advisor rumored to take control over BTA Bank
(KazTAG) - Bulat Utemuratov, one of Kazakhstan’s seven billionaires, will buy 26 percent of ordinary (voting) shares in BTA bank, Kazakhstan’s largest bank, a source in the banking community of Kazakhstan told KazTAG.
Kazakhstan Daily News Roundup - January 12, 2009
ANALYSIS:
Kazakh banking sector in search of new business model in wake of crisis
(SRI) - Kazakhstan’s banks have been forced to revamp their business model in wake of the global financial crisis. From being almost entirely dependent on foreign borrowing, they increasingly focus on domestic depositors as a source of financing.
ENERGY:
Gas production in Kazakhstan grew by 12 percent in 2008
(KazTAG) - Gas production in Kazakhstan in 2008 grew by 12 percent compared to the previous year to 33.2 billion cubic meters (bcm).
Production hike lifts Kazakhstan oil exports
(Bloomberg - Gulf News) - Kazakhstan’s oil exports rose 2.8 percent last year, according to preliminary figures published by the government.
Uranium production in Kazakhstan on the rise
(EurasiaNet) - Kazakhstan registered a 28 percent year-on-year rise for uranium extraction in 2008, the government has reported.
Tethys Petroleum: Equipment financing announced (Marketwire - FOX Business)
MINERAL RESOURCES:
Coal production in Kazakhstan rose by 11 percent in 2008
(KazTAG) - Coal production in Kazakhstan in 2008 rose by 11 percent compared to the previous year to 105 ml tons.
BUSINESS AND ECONOMY:
Samruk-Kazyna expects to raise USD3 billion on KASE in 2009
(SRI) - Samruk-Kazyna plans to raise approximately KZT360 billion (USD3 billion) to stimulate real estate market by placing bonds among Kazakhstan’s pension funds.
Housing prices in Kazakhstan fall sharply in 2008
(SRI) - Real estate prices in Kazakhstan fell by 8.7 percent for newly constructed properties and 20.4 percent housing resold on the secondary market.
Trading volume on KASE falls by 57 percent in 2008 (SRI)
Halyk bank increases stake in pension fund (SRI)
2009 to be more difficult for Kazakhstan
(Interfax) - According to Dosym Satpayev, an Almaty-based political scientist, 2009 will be more difficult for Kazakhstan’s economy.
National Bank of Kazakhstan: Exchange rates January 10-12, 2009 (Kazinform)
Indicators - January 9, 2009 (Reuters)
POLITICS:
MI6 officers allegedly leak oil dossier to Kazakhstan
(Times Online) - Two serving MI6 officers have allegedly leaked confidential information to a firm of private consultants with links to the family of the president of Kazakhstan.
Kazakhstan Mineral Resources Roundup - January 12, 2009
Coal production in Kazakhstan rose by 11 percent in 2008
(KazTAG) - Coal production in Kazakhstan in 2008 rose by 11 percent compared to the previous year to 105 ml tons.
Kazakhstan Business and Economy Roundup - January 12, 2009
Samruk-Kazyna expects to raise USD3 billion on KASE in 2009
(SRI) - Samruk-Kazyna plans to raise approximately KZT360 billion (USD3 billion) to stimulate real estate market by placing bonds among Kazakhstan’s pension funds.
Housing prices in Kazakhstan fall sharply in 2008
(SRI) - Real estate prices in Kazakhstan fell by 8.7 percent for newly constructed properties and 20.4 percent housing resold on the secondary market.
Trading volume on KASE falls by 57 percent in 2008 (SRI)
Halyk bank increases stake in pension fund (SRI)
2009 to be more difficult for Kazakhstan
(Interfax) - According to Dosym Satpayev, an Almaty-based political scientist, 2009 will be more difficult for Kazakhstan’s economy.
National Bank of Kazakhstan: Exchange rates January 10-12, 2009 (Kazinform)
Indicators - January 9, 2009 (Reuters)
Kazakhstan Energy Roundup - January 12, 2009
Gas production in Kazakhstan grew by 12 percent in 2008
(KazTAG) - Gas production in Kazakhstan in 2008 grew by 12 percent compared to the previous year to 33.2 billion cubic meters (bcm).
Production hike lifts Kazakhstan oil exports
(Bloomberg - Gulf News) - Kazakhstan’s oil exports rose 2.8 percent last year, according to preliminary figures published by the government.
Uranium production in Kazakhstan on the rise
(EurasiaNet) - Kazakhstan registered a 28 percent year-on-year rise for uranium extraction in 2008, the government has reported.
Tethys Petroleum: Equipment financing announced (Marketwire - FOX Business)
Kazakhstan Politics Roundup - January 12, 2009
MI6 officers allegedly leak oil dossier to Kazakhstan
(Times Online) - Two serving MI6 officers have allegedly leaked confidential information to a firm of private consultants with links to the family of the president of Kazakhstan.
ANALYSIS: Kazakh banking sector in search of new business model in wake of crisis
(SRI) - Kazakhstan’s banks have been forced to revamp their business model in wake of the global financial crisis. From being almost entirely dependent on foreign borrowing, they increasingly focus on domestic depositors as a source of financing.
Coal production in Kazakhstan rose by 11 percent in 2008
(KazTAG) - Coal production in Kazakhstan in 2008 rose by 11 percent compared to the previous year to 105 ml tons, the official press quotes results of the government’s work in 2008.
“Coal production companies extracted 105 ml tons (11.2% up) according to tentative data”, the document reads.
In 2008, 11 state standards and 1 amendment were developed and approved within the program of transition of the coal industry to international standards.
Halyk bank increases stake in pension fund
(SRI) - Halyk Bank increased its stake in its subsidiary, JSC Pension Fund Administrator of Halyk Bank of Kazakhstan, to 98.64 percent from 85.012 percent by purchasing 10 million ordinary shares of the fund.
Kazakhstan Stock Exchange (KASE) reported last week that the bank acquired the shares on the unregulated over-the-counter market, as it exercised its preemptive rights.
Samruk-Kazyna expects to raise USD3 billion on KASE in 2009
(SRI) - Samruk-Kazyna plans to raise approximately KZT360 billion (USD3 billion) to stimulate real estate market by placing bonds among Kazakhstan’s pension funds, the government announced on Friday.
