Archive for January 14th, 2009
Kazakhstan Daily News Roundup - January 14, 2009
ENERGY:
Georgia refuses to confirm purchase of KTG-Tbilisi by SOCAR (KazTAG)
S&P: KMG, KMG EP ratings unchanged on ManistauMunaiGas buy (Reuters)
MINERAL RESOURCES:
Sunkar resources to buy sulfur from TCO
(SRI) - Sunkar Resources, a Kazakhstan-based phosphate fertiliser producer, signed a protocol of intentions with Tengizchevroil (TCO) to acquire sulfur from TCO’s Tengiz oil field starting in 2011.
BUSINESS AND ECONOMY:
Central bank to focus on stable exchange rate
(SRI) - Kazakhstan will focus on keeping the exchange rate of its tenge currency stable, as it tries to protect its heavily dollarized economy from possible devastating effects of a sudden devaluation.
FSA does not expect defaults of Kazakhstani banks on foreign debt (KazTAG)
Kazakhstan telecoms market tops USD3 billion in 2008 (SRI)
BTA increases stake in Ukrainian subsidiary (KazTAG)
Major share of state anti-crisis support will go Almaty and Astana (KazTAG)
Kazakh 2008 industrial output growth slows to 2.1 percent (Reuters)
Kazakh government adopts anti-crisis program action plan
(Interfax) - “The document […] reflects what must be done and in what period of time. It also stipulates the responsibility of the agencies involved for the timely implementation of scheduled measures,” Kazakh Prime Minister Karim Masimov said.
Rehabilitation of commercial banks must be started as soon as possible – Economy Minister
(Interfax)
25 enterprises suspend work in Kazakhstan due to crisis - Labor Ministry (Interfax)
In 2008 Kazakhstan produced agricultural products worth USD 10.7 billion (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates January 14, 2009 (Kazinform)
Indicators - January 13, 2009 (Reuters)
POLITICS:
Top U.S. general pays a visit to Astana
(EurasiaNet) - The head of US Central Command, Gen. David Petraeus, was set to travel to Kazakhstan on January 13 for talks focusing on Afghan resupply efforts.
SOCIETY:
Astana refocuses attention on national unity amid economic uncertainty
(EurasiaNet) - With Kazakhstan experiencing a sudden economic downturn, and with memories of the Russian-Georgian war still fresh, officials in Kazakhstan are refocusing attention on the issue of inter-ethnic harmony.
REGIONAL:
A ‘Black Week’ for Central Asian media freedom
(RFE/RL) - Less that a month after covering Turkmenistan’s parliamentary elections, two journalists in the Central Asian country have endured a tough start to the new year.
Kazakhstan Mineral Resources Roundup - January 14, 2009
Sunkar resources to buy sulfur from TCO
(SRI) - Sunkar Resources, a Kazakhstan-based phosphate fertiliser producer, signed a protocol of intentions with Tengizchevroil (TCO) to acquire sulfur from TCO’s Tengiz oil field starting in 2011.
Kazakhstan Energy Roundup - January 14, 2009
Georgia refuses to confirm purchase of KTG-Tbilisi by SOCAR (KazTAG)
S&P: KMG, KMG EP ratings unchanged on ManistauMunaiGas buy (Reuters)
FSA does not expect defaults of Kazakhstani banks on foreign debt
(KazTAG) - Kazakhstan’s Financial Supervision Agency (FSA) does not expect foreign debts defaults of Kazakhstani banks.
Kazakhstan Business and Economy Roundup - January 14, 2009
Central bank to focus on stable exchange rate
(SRI) - Kazakhstan will focus on keeping the exchange rate of its tenge currency stable, as it tries to protect its heavily dollarized economy from possible devastating effects of a sudden devaluation.
FSA does not expect defaults of Kazakhstani banks on foreign debt (KazTAG)
Kazakhstan telecoms market tops USD3 billion in 2008 (SRI)
BTA increases stake in Ukrainian subsidiary (KazTAG)
Major share of state anti-crisis support will go Almaty and Astana (KazTAG)
Kazakh 2008 industrial output growth slows to 2.1 percent (Reuters)
Kazakh government adopts anti-crisis program action plan
(Interfax) - “The document […] reflects what must be done and in what period of time. It also stipulates the responsibility of the agencies involved for the timely implementation of scheduled measures,” Kazakh Prime Minister Karim Masimov said.
Rehabilitation of commercial banks must be started as soon as possible – Economy Minister (Interfax)
25 enterprises suspend work in Kazakhstan due to crisis - Labor Ministry (Interfax)
In 2008 Kazakhstan produced agricultural products worth USD 10.7 billion (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates January 14, 2009 (Kazinform)
Indicators - January 13, 2009 (Reuters)
Sunkar resources to buy sulfur from TCO
(SRI) - Sunkar Resources, a Kazakhstan-based phosphate fertiliser producer, signed a protocol of intentions with Tengizchevroil (TCO) to acquire sulfur from TCO’s Tengiz oil field starting in 2011, the company announced in a press release.
Central bank to focus on stable exchange rate
(SRI) - Kazakhstan will focus on keeping the exchange rate of its tenge currency stable, as it tries to protect its heavily dollarized economy from possible devastating effects of a sudden devaluation, Kazakh central banker Anvar Saidenov said.
BTA increases stake in Ukrainian subsidiary
(KazTAG) - BTA Bank increased its share in charter capital of its Ukraininan subsidiary to 49.98 percent.
Kazakhstan telecoms market tops USD3 billion in 2008
(SRI) - The Kazakhstan telecoms market was worth KZT379 billion (USD3.2 billion) in 2008 - representing 3 percent of the country’s GDP, Kazinform reported citing the Chairman of the Agency for Information and Communications Kuanyshbek Yessekeyev.
Major share of state anti-crisis support will go Almaty and Astana
(KazTAG) - The majority of funds provided by the governments as part of anti-crisis program will go to Almaty and Astana, Kazakhstan’s Prime Minister Karim Masimov said on Tuesday.
