Archive for March 10th, 2009

Kazakhstan Daily News Roundup - March 10, 2009

BUSINESS AND ECONOMY:

RBS ready to sell — but who will buy
(SRI) - British RBS Group is ready to sell its subsidiary in Kazakhstan. The question is whether the bank will find a buyer able and willing to seal the deal.

Russian VEB rumored to be interested in acquiring stakes in BTA and Alliance
(SRI) - Russian VneshEconomBank (VEB), the state-owned development bank, may acquire stakes in BTA Bank and Alliance Bank, Kazakh business weekly Kursiv reported last week.

Goldman Sachs to advise BTA Bank in debt restructuring talks
(SRI) - BTA Bank, Kazakhstan’s largest bank, has appointed Goldman Sachs as its financial advisor.

Fitch warns of weakened corporate governance in Kazakhstan, Russia, Ukraine
(SRI) - Ratings agency Fitch warned on Monday that the global financial crisis could undermine corporate governance improvements in Russia, Kazakhstan and Ukraine.

Kazakhstan to boost stimulus package to USD25 billion (Reuters)

ENERGY:

Tethys Petroleum: Akkulka gas pipeline succesfully tested (Oil and Gas Online)

MINERAL RESOURCES:

Kazakhmys deals come back to haunt
(Investors Chronicle) - Shares in Kazakhmys didn’t react well to poorer-than-expected earnings across the company’s subsidiaries, and the scrapping of a final dividend for 2008.

Cigma Metals announces maiden resources of 4,879,630 ounces of gold at Beskauga gold-copper-molybdenum deposit in Kazakhstan (Marketwire)

POLITICS:

Early polls looking likely in Kazakstan
(IWPR) - The authorities are saying nothing, but there are mounting reasons why they might opt for a parliamentary election sooner rather than later.

SOCIETY:

Kazakstan’s new passports to show ethnicity
(IWPR) - Government changes mind and rules that passports can show ethnic origin after all.

REGIONAL:

Regional ties are key to stability in South, Central Asia (RFE/RL)

Kazakhstan Regional News Roundup - march 10, 2009

Regional ties are key to stability in South, Central Asia (RFE/RL)

Kazakhstan Society Roundup - March 10, 2009

Kazakstan’s new passports to show ethnicity
(IWPR) - Government changes mind and rules that passports can show ethnic origin after all.

Kazakhstan Politics Roundup - March 10, 2009

Early polls looking likely in Kazakstan
(IWPR) - The authorities are saying nothing, but there are mounting reasons why they might opt for a parliamentary election sooner rather than later.

Kazakhstan Mineral Resources Roundup - March 10, 2009

Kazakhmys deals come back to haunt
(Investors Chronicle) - Shares in Kazakhmys didn’t react well to poorer-than-expected earnings across the company’s subsidiaries, and the scrapping of a final dividend for 2008.

Cigma Metals announces maiden resources of 4,879,630 ounces of gold at Beskauga gold-copper-molybdenum deposit in Kazakhstan (Marketwire)

Kazakhstan Energy Roundup - March 10, 2009

Tethys Petroleum: Akkulka gas pipeline succesfully tested (Oil and Gas Online)

Kazakhstan Business and Economy Roundup - March 10, 2009

RBS ready to sell — but who will buy (SRI)

Russian VEB rumored to be interested in acquiring stakes in BTA and Alliance (SRI)

Goldman Sachs to advise BTA Bank in debt restructuring talks (SRI)

Fitch warns of weakened corporate governance in Kazakhstan, Russia, Ukraine (SRI)

Kazakhstan to boost stimulus package to USD25 billion (Reuters)

ANALYSIS: RBS ready to sell — but who will buy

(SRI) - British RBS Group is ready to sell its subsidiary in Kazakhstan. The question is whether the bank will find a buyer able and willing to seal the deal.

(more…)

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