Archive for March 25th, 2009
Kazakhstan Daily News Roundup - March 25, 2009
HEADLINES:
Kazkommertsbank offers to buy back USD950 million bonds
(SRI) - Kazkommertsbank, Kazakhstan’s second largest bank, announced a tender offer on Tuesday to buy back up to USD950 million in asset-backed bonds.
Kazakhstan cuts GDP growth forecast, citing global economic slowdown
(SRI) - Kazakhstan has cut its 2009 GDP growth forecast to 1 percent from 2.7 percent, citing falling industrial production and a contraction of the service and construction sectors.
S&P placed ratings of Alliance Bank JSC on CreditWatch with negative implications
(Standard & Poor’s) - Standard & Poors Ratings Services placed its B/B counterparty credit rating on Alliance Bank on CreditWatch with negative implications.
ENERGY:
Gazprom squeezed by Central Asian contracts
(EurasiaNet) - What seemed like sweet deals with Central Asian energy producers just about a year ago is turning into albatross contracts for Gazprom, Russia’s suddenly embattled natural gas conglomerate.
Russia and Kazakhstan to provide oil for Burgas–Alexandroupolis project (Focus News)
Vietnam interested in developing oil deposits in Kazakhstan (Kazakhstan Today)
Oil workers in Kazakhstan on hunger strike (RFE/RL)
BUSINESS AND ECONOMY:
Astana Finance interested in RBS Kazakhstan (SRI)
Kazakhstan puts fugitive banker on wanted list
(Reuters) - Kazakhstan’s authorities accused a senior banker of money laundering and theft on Tuesday after he criticised the government for nationalising his bank and fled the Central Asian country.
Kazakh PM urges to tighten belts
(RBC News) - The Kazakhstan government has approved draft amendments to the republic’s budget for 2009-2011.
Kazakh government adopted a readjusted budget for 2009 (Interfax)
Kazakhstan Kagazy notifies of major shareholder transaction (Business Wire)
National Bank of Kazakhstan: Exchange rates March 25, 2009 (Kazinform)
Indicators - March 24, 2009 (Reuters)
POLITICS:
East Kazakhstan administration witnesses dismissal of 10 state officials (Interfax)
SOCIETY:
Spouse of jailed Kazakh official protests husband’s treatment (RFE/RL)
RECENT ANALYSIS:
Private equity funds finally arriving in Kazakhstan (SRI)
Tsesnabank sees crisis as opportunity (bne)
Temporary respite for Kazakhstan’s electricity generation sector (bne)
Kazakhstan Society Roundup - March 25, 2009
Spouse of jailed Kazakh official protests husband’s treatment (RFE/RL)
Kazakhstan Politics Roundup - March 25, 2009
East Kazakhstan administration witnesses dismissal of 10 state officials (Interfax)
Kazakhstan Business and Economy Roundup - March 25, 2009
Kazkommertsbank offers to buy back USD950 million bonds (SRI)
Kazakhstan cuts GDP growth forecast, citing global economic slowdown (SRI)
S&P placed ratings of Alliance Bank JSC on CreditWatch with negative implications (Standard & Poor’s)
Astana Finance interested in RBS Kazakhstan (SRI)
Kazakhstan puts fugitive banker on wanted list
(Reuters) - Kazakhstan’s authorities accused a senior banker of money laundering and theft on Tuesday after he criticised the government for nationalising his bank and fled the Central Asian country.
Kazakh PM urges to tighten belts
(RBC News) - The Kazakhstan government has approved draft amendments to the republic’s budget for 2009-2011.
Kazakh government adopted a readjusted budget for 2009 (Interfax)
Kazakhstan Kagazy notifies of major shareholder transaction (Business Wire)
National Bank of Kazakhstan: Exchange rates March 25, 2009 (Kazinform)
Indicators - March 24, 2009 (Reuters)
Kazakhstan Energy Roundup - March 25, 2009
Gazprom squeezed by Central Asian contracts
(EurasiaNet) - What seemed like sweet deals with Central Asian energy producers just about a year ago is turning into albatross contracts for Gazprom, Russia’s suddenly embattled natural gas conglomerate.
Russia and Kazakhstan to provide oil for Burgas–Alexandroupolis project (Focus News)
Vietnam interested in developing oil deposits in Kazakhstan (Kazakhstan Today)
Astana Finance interested in RBS Kazakhstan
(SRI) Astana-Finance Bank has been holding negotiations to acquire RBS Kazakhstan, local media reported.
Kazakhstan cuts GDP growth forecast, citing global economic slowdown
(SRI) - Kazakhstan has cut its 2009 GDP growth forecast to 1 percent from 2.7 percent, citing falling industrial production and a contraction of the service and construction sectors.
Kazkommertsbank offers to buy back USD950 million bonds
(SRI) - Kazkommertsbank, Kazakhstan’s second largest bank, announced a tender offer on Tuesday to buy back up to USD950 million in asset-backed bonds.
