Archive for March 29th, 2009

Raiffeisen shelves plans to open bank in Kazakhstan

(SRI) - Raiffeisen International cancelled its plans to launch a bank in Kazakhstan as it aims to cut costs in response to the global financial crisis, Reuters reported.

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EBRD to buy stake in Kazakh power company

(SRI) - European Bank for Reconstruction and Development (EBRD) plans to invest KZT9.2 billion (USD61.3 million) to acquire a stake in the private power company Central Asian Electric Power Corporation (CAEPCo).

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