Archive for January 27th, 2009

Kazakhstan Daily News Roundup - January 27, 2009

RECENT ANALYSIS:

Marchenko’s appointment clears path to devaluation

(SRI)

Central Asia poised to become the atomic El Dorado (RFE/RL)

ENERGY:

Kazakhstan’s oil industry seeks help
(New Europe) - Kazakhstan’s major industry and the main contributor to the state budget – the oil industry – is asking for help. The reasons for that are the plummeting prices for oil and the financial crisis.

CNPC may acquire minority stake in MangistauMunaiGas - newspaper (Interfax)

Kazakhstan wants GAIL, IOC to set up petrochem plant (Kazinform)

MINERAL RESOURCES:

ArcelorMittal Temirtau cuts production
(SRI) - ArcelorMittal Temirtau, the Kazakh unit of the steel giant, plans to cut liquid steel output to 3.167 million tons this year from 3.431 million tons in 2008, as demand for its product slows.

BUSINESS AND ECONOMY:

Eurasian Bank’s growth defies trend
(SRI) - Eurasian Bank bucked the trend and reported a significant growth in assets and capital in 2008.

IFC lends USD45 million to Bank CenterCredit to provide SME financing
(SRI) - International Finance Corporation (IFC) said last week that it will provide a USD45 million five-year senior loan to Bank CenterCredit (BCC) to credit small and medium enterprises in Kazakhstan.

Nazarbayev floats idea of global currency (EurasiaNet)

About 900 thousand Kazakhstan at risk to lose their jobs - Labor Minister (Kazinform)

National Bank of Kazakhstan: Exchange rates January 27, 2009 (Kazinform)

Indicators - January 26, 2009 (Reuters)

POLITICS:

Astana achieves slow progress in tackling corruption
(EurasiaNet) - A year ago, Kazakhstan’s president, Nursultan Nazarbayev, lectured his countrymen about the need to root out graft. A year later, with polls showing bribery continuing to thrive, the president is renewing efforts to combat corruption. But it is plainly an uphill struggle.

Kazakh president seeks global efforts against terrorism (RTT News)

Nazarbayev to visit Germany on February 3 (Kazinform)

REGIONAL:

European Parliament officials say Iran should participate in Nabucco pipeline
(EurasiaNet) - Iran could hold the key to breaking the European Union’s energy dependence on Russia, a senior European parliamentary official has told EurasiaNet.

Kazakhstan Politics Roundup - January 27, 2009

Astana achieves slow progress in tackling corruption
(EurasiaNet) - A year ago, Kazakhstan’s president, Nursultan Nazarbayev, lectured his countrymen about the need to root out graft. A year later, with polls showing bribery continuing to thrive, the president is renewing efforts to combat corruption. But it is plainly an uphill struggle.

Kazakh president seeks global efforts against terrorism (RTT News)

Nazarbayev to visit Germany on February 3 (Kazinform)

Kazakhstan Business and Economy Roundup - January 27, 2009

Eurasian Bank’s growth defies trend
(SRI) - Eurasian Bank bucked the trend and reported a significant growth in assets and capital in 2008.

IFC lends USD45 million to Bank CenterCredit to provide SME financing
(SRI) - International Finance Corporation (IFC) said last week that it will provide a USD45 million five-year senior loan to Bank CenterCredit (BCC) to credit small and medium enterprises in Kazakhstan.

Nazarbayev floats idea of global currency (EurasiaNet)

About 900 thousand Kazakhstan at risk to lose their jobs - Labor Minister (Kazinform)

National Bank of Kazakhstan: Exchange rates January 27, 2009 (Kazinform)

Indicators - January 26, 2009 (Reuters)

Kazakhstan Mineral Resources Roundup - January 27, 2009

ArcelorMittal Temirtau cuts production
(SRI) - ArcelorMittal Temirtau, the Kazakh unit of the steel giant, plans to cut liquid steel output to 3.167 million tons this year from 3.431 million tons in 2008, as demand for its product slows.

Kazakhstan Energy Roundup - January 27, 2009

Kazakhstan’s oil industry seeks help
(New Europe) - Kazakhstan’s major industry and the main contributor to the state budget – the oil industry – is asking for help. The reasons for that are the plummeting prices for oil and the financial crisis.

CNPC may acquire minority stake in MangistauMunaiGas - newspaper (Interfax)

Kazakhstan wants GAIL, IOC to set up petrochem plant (Kazinform)

Kazakhstan Regional News Roundup - January 27, 2009

European Parliament officials say Iran should participate in Nabucco pipeline
(EurasiaNet) - Iran could hold the key to breaking the European Union’s energy dependence on Russia, a senior European parliamentary official has told EurasiaNet.

Eurasian Bank’s growth defies trend

(SRI) - Eurasian Bank bucked the trend and reported a significant growth in assets and capital in 2008.

(more…)

ArcelorMittal Temirtau cuts production

(SRI) - ArcelorMittal Temirtau, the Kazakh unit of the steel giant, plans to cut liquid steel output to 3.167 million tons this year from 3.431 million tons in 2008, as demand for its product slows.

(more…)

IFC lends USD45 million to Bank CenterCredit to provide SME financing

(SRI) - International Finance Corporation (IFC) said last week that it will provide a USD45 million five-year senior loan to Bank CenterCredit (BCC) to credit small and medium enterprises in Kazakhstan.

(more…)

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