Archive for March 11th, 2009
Kazakhstan Daily News Roundup - March 11, 2009
HEADLINE NEWS:
Kashagan unaffected by global economic crisis, Shell executive
(SRI) - The global economic crisis should not affect the development of the Kashagan oilfield in Kazakhstan and may even help reduce its costs.
Kazakhstan reportedly has no currency control plans despite provisions
(SRI) - Kazakhstan does not plan to introduce currency controls to stem capital flight from the country after the tenge devaluation in early February.
Kazakhstan may seek outside assistance to finance bailout program
(SRI) - Kazakhstan may be forced seek outside assistance to finance its bank-bailout program, analysts say.
RBS ready to sell — but who will buy (SRI)
Kazakh president orders USD4 billion spending (SRI)
ENERGY:
Russian state uranium firm buys Kazakh assets
(Reuters) - Russian state uranium holding Atomenergoprom said it had bought stakes in uranium deposits located in Kazakhstan from tycoon Vladimir Anisimov for an undisclosed sum through its unit Atomredmetzoloto.
Kazakhstan misses out on lucrative jet fuel market
(New Europe) - Lufthansa Cargo has stopped its transit flights through Astana, preferring Russian Krasnoyarsk. The reason is the high price of jet fuel in Kazakh airports.
MINERAL RESOURCES:
Frontier Mining names Erlan Sagadiev chairman/CEO (Proactive Investors)
BUSINESS AND ECONOMY:
Kazakhstan investigates former BTA bank chairman
(Reuters) - Kazakh prosecutors said on Tuesday they had launched a criminal case against the former chairman of the country’s largest bank who was sacked after the bank’s nationalisation.
Kazakh bank BTA says not in debt restructuring talks
(Reuters) - Kazakhstan’s largest bank, BTA, said on Tuesday it was not in talks to restructure its debt following market speculation and an appointment of a new financial advisor.
Kazakh Kazkommertsbank sells stake in pension fund
(Reuters) - Kazkommertsbank said on Tuesday it had sold its stakes in the loss-making Ular Umit pension fund and Zhetysu Asset Management company for an undisclosed price.
German bank denies reports of early repayment claim on BTA debt (SRI)
Kazakhs draw up unemployment plan
(AP - IHT) - Oil-rich Kazakhstan will spend more than $900 million this year on fighting rising unemployment.
Kazakhstan Kagazy announces trading update for 2008 (Business Wire)
Ministry of Agriculture forecasts 10-percent increase in grain harvest in 2009 (AgriMarket.Info)
Kazakh analysts highlight realistic nature of president’s crisis response steps (Interfax)
Kazakh government to establish anti-crisis council (Interfax)
IDB interested in coop with Kazakhstan - IDB president (Kazinform)
POLITICS:
EU Special Envoy for Central Asia to visit Kazakhstan (Kazinform)
Kazakhstan’s Foreign Minister to visit Russia on March 13-14 (Kazinform)
Kazakh FM to participate in EU Troika OSCE meeting in Brussels (Kazinform)
REGIONAL:
Crisis brings reversal of fortune to Caucasus and Central Asia
(IMF) - Growth in the resource-rich Caucasus and Central Asia (CCA) is projected to slow to under 2 percent in 2009 from 6 percent in 2008, as the deepening global crisis hits the region hard.
Kazakhstan Regional News Roundup - March 11, 2009
Crisis brings reversal of fortune to Caucasus and Central Asia
(IMF) - Growth in the resource-rich Caucasus and Central Asia (CCA) is projected to slow to under 2 percent in 2009 from 6 percent in 2008, as the deepening global crisis hits the region hard.
Kazakhstan Politics Roundup - March 11, 2009
EU Special Envoy for Central Asia to visit Kazakhstan (Kazinform)
Kazakhstan’s Foreign Minister to visit Russia on March 13-14 (Kazinform)
Kazakh FM to participate in EU Troika OSCE meeting in Brussels (Kazinform)
Kazakhstan Business and Economy Roundup - MArch 11, 2009
Kazakhstan reportedly has no currency control plans despite provisions (SRI)
Kazakhstan may seek outside assistance to finance bailout program
(SRI)
Kazakhstan investigates former BTA bank chairman
(Reuters) - Kazakh prosecutors said on Tuesday they had launched a criminal case against the former chairman of the country’s largest bank who was sacked after the bank’s nationalisation.
Kazakh bank BTA says not in debt restructuring talks
(Reuters) - Kazakhstan’s largest bank, BTA, said on Tuesday it was not in talks to restructure its debt following market speculation and an appointment of a new financial advisor.
Kazakh Kazkommertsbank sells stake in pension fund
(Reuters) - Kazkommertsbank said on Tuesday it had sold its stakes in the loss-making Ular Umit pension fund and Zhetysu Asset Management company for an undisclosed price.
German bank denies reports of early repayment claim on BTA debt (SRI)
Kazakhs draw up unemployment plan
(AP - IHT) - Oil-rich Kazakhstan will spend more than $900 million this year on fighting rising unemployment.
Kazakhstan Kagazy announces trading update for 2008 (Business Wire)
Ministry of Agriculture forecasts 10-percent increase in grain harvest in 2009 (AgriMarket.Info)
Kazakh analysts highlight realistic nature of president’s crisis response steps (Interfax)
Kazakh government to establish anti-crisis council (Interfax)
IDB interested in coop with Kazakhstan - IDB president (Kazinform)
Kazakhstan Mineral Resources Roundup - March 11, 2009
Frontier Mining names Erlan Sagadiev chairman/CEO (Proactive Investors)
Kazakhstan Energy Roundup - March 11, 2009
Kashagan unaffected by global economic crisis, Shell executive (SRI)
Russian state uranium firm buys Kazakh assets
(Reuters) - Russian state uranium holding Atomenergoprom said it had bought stakes in uranium deposits located in Kazakhstan from tycoon Vladimir Anisimov for an undisclosed sum through its unit Atomredmetzoloto.
Kazakhstan misses out on lucrative jet fuel market
(New Europe) - Lufthansa Cargo has stopped its transit flights through Astana, preferring Russian Krasnoyarsk. The reason is the high price of jet fuel in Kazakh airports.
Kashagan unaffected by global economic crisis, Shell executive
(SRI) - The global economic crisis should not affect the development of the Kashagan oilfield in Kazakhstan and may even help reduce its costs, a Shell executive said on Tuesday.
Kazakhstan reportedly has no currency control plans despite provisions
(SRI) - Kazakhstan does not plan to introduce currency controls to stem capital flight from the country after the tenge devaluation in early February, a central bank official said, Reuters reported.
Kazakhstan may seek outside assistance to finance bailout program
(SRI) - Kazakhstan may be forced seek outside assistance to finance its bank-bailout program, analysts say.
German bank denies reports of early repayment claim on BTA debt
(SRI) - BTA Bank denied on Friday a report published in the Respublika newspaper that German Commerzbank, one of its creditors had claimed an early repayment of a USD100-million syndicated loan, KazTAG reported.
