Archive for March 31st, 2009
Kazkommertsbank to offer new shares worth USD471 million
(SRI) - Kazkommertsbank, Kazakhstan’s second largest bank, will offer new shares worth USD471 million as part of the government’s capital injection plan, the bank said in a press release on Tuesday.
Kazakhs urged to uphold press freedom before OSCE role
(Reuters) - A U.S. media watchdog urged Kazakhstan to curb the use of politically motivated lawsuits against critical journalists as it prepares to chair Europe’s main security and human rights body in 2010.
Kazakhstan Daily News Roundup - March 31, 2009
HEADLINES:
ATF Bank to cut 600-700 jobs
(SRI) UniCredit will cut 600-700 jobs at its Kazakh subsidiary ATF Bank in a quest to reduce costs, Federico Ghizzoni, Head of the East European division of the UniCredit Group said last week.
Kazakhstan plans to reduce tax to mining companies
(SRI) - Kazakhstan will reduce the mineral extraction tax (MET) for loss-making mining and metals companies on a case-by-case basis.
BTA on the ropes, Sberbank deal dead, criminal investigation into management launched (bne)
ENERGY:
Kazakhstan to control Caspian crude supplies
(New Europe) - Currently, the government is involved in difficult negotiations with its partners for a 51 percent control stake in the Kazakhstan Caspian Transportation System (KCTS).
Oil output with Chinese participation hits 20 million tons in Kazakhstan (TREND)
BUSINESS AND ECONOMY:
ATF Bank to cut 600-700 jobs (SRI)
Kazakh foreign minister in China seeing financial assistance
(EurasiaNet) - Kazakhstan’s foreign minister, Marat Tazhin, is in Beijing for talks to secure a multi-billion-dollar Chinese investment package for his country’s ailing economy.
Fearing the Amero: The Kazakh economic crisis, common currency, and information deprivation in Almaty (Roberts Report)
HSBC Bank Kazakhstan allots $300mln for refinancing of mortgage loans (Kazinform)
Moody’s withdraws ratings of Kazinvestbank (The FINANCIAL)
EBRD co-finances key Kazakh road project (The FINANCIAL)
ADB, EBRD loan agreement signed in Astana (Kazinform)
India, Kazakhstan to explore trade routes
(Economic Times) - With bilateral trade growing at a rapid pace, India and Kazakhstan are exploring various land routes, including from Afghanistan,
China and Iran to give further boost to their economic relations.
Kaztemirtrans to double domestic content in 2009 (TREND)
National Bank of Kazakhstan: Exchange rates March 31, 2009 (Kazinform)
Indicators - March 30, 2009 (Reuters)
POLITICS:
China, Kazakhstan to enhance cooperation on economy, anti-terrorism (Xinhua)
Former Kazakh Environment Minister arrested for embezzlement (RFE/RL)
Kazakhstan Politics Roundup - March 31, 2009
China, Kazakhstan to enhance cooperation on economy, anti-terrorism (Xinhua)
Former Kazakh Environment Minister arrested for embezzlement (RFE/RL)
Kazakhstan Energy Roundup - March 31, 2009
Kazakhstan to control Caspian crude supplies
(New Europe) - Currently, the government is involved in difficult negotiations with its partners for a 51 percent control stake in the Kazakhstan Caspian Transportation System (KCTS).
Oil output with Chinese participation hits 20 million tons in Kazakhstan (TREND)
Kazakhstan Business and Economy Roundup - March 31, 2009
ATF Bank to cut 600-700 jobs (SRI)
Kazakh foreign minister in China seeing financial assistance
(EurasiaNet) - Kazakhstan’s foreign minister, Marat Tazhin, is in Beijing for talks to secure a multi-billion-dollar Chinese investment package for his country’s ailing economy.
Fearing the Amero: The Kazakh economic crisis, common currency, and information deprivation in Almaty (Roberts Report)
HSBC Bank Kazakhstan allots $300mln for refinancing of mortgage loans (Kazinform)
Moody’s withdraws ratings of Kazinvestbank (The FINANCIAL)
EBRD co-finances key Kazakh road project (The FINANCIAL)
ADB, EBRD loan agreement signed in Astana (Kazinform)
India, Kazakhstan to explore trade routes
(Economic Times) - With bilateral trade growing at a rapid pace, India and Kazakhstan are exploring various land routes, including from Afghanistan,
China and Iran to give further boost to their economic relations.
Kaztemirtrans to double domestic content in 2009 (TREND)
National Bank of Kazakhstan: Exchange rates March 31, 2009 (Kazinform)
Indicators - March 30, 2009 (Reuters)
Kazakhstan plans to reduce tax to mining companies
(SRI) - Kazakhstan will reduce the mineral extraction tax (MET) for loss-making mining and metals companies on a case-by-case basis, Reuters reported quoting a senior government official.
ATF Bank to cut 600-700 jobs
(SRI) UniCredit will cut 600-700 jobs at its Kazakh subsidiary ATF Bank in a quest to reduce costs, Federico Ghizzoni, Head of the East European division of the UniCredit Group said last week.
