Archive for March 30th, 2009
Kazakhstan Daily News Roundup - March 30, 2009
ANALYSIS:
BTA on the ropes, Sberbank deal dead, criminal investigation into management launched
(bne) - Kazakhstan’s biggest bank BTA is on the ropes and maybe going down for the count. Criminal charges have been brought against its top managers and the former CEO is on the run from the law, after skipping the country last week.
Private equity funds finally arriving in Kazakhstan (SRI)
ENERGY:
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).
KazTransGas may sue Georgia in international court
(GBW) - After the Georgian National Electricity Regulatory Commission (GNERC) appointed an interim administrator in KazTransGas-Tbilisi, speculations about the future of the Tbilisi gas distribution company abound.
Kazakhstan’s hydroelectric potential attracts foreign investment
(UPI) - Kazakhstan’s hydroelectric industry has roots in the Soviet era, and today the country’s efforts to develop its hydroelectric potential are entangled with the conflicting policies of the other post-Soviet “stans.”
Stroytransgaz completes Kazakh CPC line (Oil and Gas Eurasia)
MINERAL RESOURCES:
ENRC to target global expansion
(Financial Times) - Eurasian Natural Resources Corp plans to use more than USD2 billion in cash to acquire mining companies, but acknowledged it had entered a bleak year for all of its main commodities.
BUSINESS AND ECONOMY:
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.
Kazkommertsbank capitalizes its two subsidiaries
(SRI) - Kazkommertsbank (KKB), Kazakhstan’s second largest bank, recapitalized its two subsidiaries - Kazkommerts Securities and Kazkommerts-Life - through redemption of shares.
Government suggests allocating another USD2.3 billion for anti-crisis measures from the National Fund
(Interfax) - Kazakh government made a suggestion to allocate another 347.9 billion tenge from the National Fund for anti-recessionary measures.
Government switches to “manual” control of economy – PM
(Interfax) - Kazakh President Nursultan Nazarbayev has ordered the national government to review state programs and plans of industrialization and economic diversification, Prime Minister Karim Masimov said.
Kazakhstan’s transport policy faces political dilemma (Eurasia Daily Monitor)
Kazakh PM likens economic crisis to war (RFE/RL)
Refinancing rates left unchanged at 9.5 percent – National Bank (Interfax)
National Bank of Kazakhstan: Exchange rates March 28 - 30, 2009 (Kazinform)
Indicators - March 27, 2009 (Reuters)
POLITICS:
Most people in Kazakhstan support Nazarbayev - poll (Interfax)
SOCIETY:
Four Kazakh hunger strikers hospitalized (RFE/RL)
US space tourist blasts off for second space trip (AP)
REGIONAL:
Financial crisis stimulates financial sector in Uzbekistan (CACI Analyst)
Kyrgyz opposition stages protests against president (Reuters)
Kazakhstan Politics Roundup - March 30, 2009
Most people in Kazakhstan support Nazarbayev - poll (Interfax)
Kazakhstan Business and Economy Roundup - March 30, 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.
Kazkommertsbank capitalizes its two subsidiaries
(SRI) - Kazkommertsbank (KKB), Kazakhstan’s second largest bank, recapitalized its two subsidiaries - Kazkommerts Securities and Kazkommerts-Life - through redemption of shares.
Government suggests allocating another USD2.3 billion for anti-crisis measures from the National Fund
(Interfax) - Kazakh government made a suggestion to allocate another 347.9 billion tenge from the National Fund for anti-recessionary measures.
Government switches to “manual” control of economy – PM
(Interfax) - Kazakh President Nursultan Nazarbayev has ordered the national government to review state programs and plans of industrialization and economic diversification, Prime Minister Karim Masimov said.
Kazakhstan’s transport policy faces political dilemma (Eurasia Daily Monitor)
Kazakh PM likens economic crisis to war (RFE/RL)
Refinancing rates left unchanged at 9.5 percent – National Bank (Interfax)
National Bank of Kazakhstan: Exchange rates March 28 - 30, 2009 (Kazinform)
Indicators - March 27, 2009 (Reuters)
Kazakhstan Mineral Resources Roundup - March 30, 2009
ENRC to target global expansion
(Financial Times) - Eurasian Natural Resources Corp plans to use more than USD2 billion in cash to acquire mining companies, but acknowledged it had entered a bleak year for all of its main commodities.
Kazakhstan Energy Roundup - March 30, 2009
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).
KazTransGas may sue Georgia in international court
(GBW) - After the Georgian National Electricity Regulatory Commission (GNERC) appointed an interim administrator in KazTransGas-Tbilisi, speculations about the future of the Tbilisi gas distribution company abound.
Kazakhstan’s hydroelectric potential attracts foreign investment
(UPI) - Kazakhstan’s hydroelectric industry has roots in the Soviet era, and today the country’s efforts to develop its hydroelectric potential are entangled with the conflicting policies of the other post-Soviet “stans.”
Stroytransgaz completes Kazakh CPC line (Oil and Gas Eurasia)
Kazakhstan Regional News Roundup - March 30, 2009
Financial crisis stimulates financial sector in Uzbekistan (CACI Analyst)
Kyrgyz opposition stages protests against president (Reuters)
Kazkommertsbank capitalizes its two subsidiaries
(SRI) - Kazkommertsbank (KKB), Kazakhstan’s second largest bank, recapitalized its two subsidiaries - Kazkommerts Securities and Kazkommerts-Life - through redemption of shares.
ANALYSIS: BTA on the ropes, Sberbank deal dead, criminal investigation into management launched
(bne) - Kazakhstan’s biggest bank BTA is on the ropes and maybe going down for the count. Criminal charges have been brought against its top managers and the former CEO is on the run from the law, after skipping the country last week.
US space tourist blasts off for second space trip
(AP) - A Russian capsule blasted off with a deafening roar on Thursday to carry U.S. billionaire Charles Simonyi into space for his second cosmic cruise.
