Archive for June 1st, 2009
Kazakhstan Daily News Roundup - June 1, 2009
HEADLINES:
Kazatomprom corruption probe engulfs head, Canada’s Uranium One
(bne) - The president of Kazatomprom and several top managers face criminal charges, and Canadian miner Uranium One saw its share price plunge nearly 40% on May 27 when Kazakhstan’s state nuclear firm became embroiled in a financial scandal.
Alliance unveils restructuring terms
(SRI) - Alliance Bank, which had defaulted on its debt in April, unveiled the terms to restructure its foreign obligations in a conference call on Friday. The plan offers the bank’s creditors three options to recoup some or all of their investment depending on the time frame.
BTA to announce restructuring plan this week - Saidenov
(SRI) - Kazakhstan’s BTA Bank plans to unveil its restructuring plan this week, the bank’s CEO Anvar Saidenov told journalists on Friday, following in the footsteps of Alliance Bank, another Kazakh lender seeking relief from its international creditors.
KMG EP names new CEO
(SRI) - KazMunaiGas Exploration Production (KMG EP), the LSE-listed subsidiary of Kazakhstan’s national oil company KazMunaiGas, said Kenzhebek Ibrashev, formerly a vice president of the state oil concern, will take over as the company’s new CEO.
ENERGY:
Dodgy uranium deals in Kazakhstan? Neal Froneman – Former CEO, Uranium One (Moneyweb)
Who sold key asset to Uranium One? (Globe and Mail)
Topaz secures $100 million contract with Agip KCO in Kazakhstan (Khaleej Times)
BUSINESS AND ECONOMY:
Kazakh banker goes on lam as defaults hurt investors
(Bloomberg) - From his secret hideaway, BTA Bank’s former Chairman Mukhtar Ablyazov says Kazakhstan’s government caused the default of the nation’s largest lender. Kazakh prosecutors want him for allegedly embezzling the bank’s money.
BTA to shed light on Temirbank restructuring this week
(SRI) - Kazakhstan’s BTA Bank will decide this week whether to restructure the $800 million foreign debt of its retail subsidiary Temirbank, BTA’s CEOAnvar Saidenov said on Friday.
VTB Group to open bank in Kazakhstan (SRI)
Deripaska’s Basic Element CEO appointed to Samruk-Kazyna’s board of directors (Interfax)
Indicators - May 29, 2009 (Reuters)
POLITICS:
Security meeting addresses democratization (UPI)
SOCIETY:
Armstrong’s Astana team still in doubt for Tour (SRI)
Kazakhstan: Close encounters with camels on the Aral Sea bed (EurasiaNet)
REGIONAL:
Analyst: Turkmen tender will help determine market (RFE/RL)
Uzbekistan: Political persecution prompts rise in refugees (EurasiaNet)
Kazakhstan Business and Economy Roundup - June 1, 2009
Alliance unveils restructuring terms (SRI)
BTA to announce restructuring plan this week - Saidenov (SRI)
Kazakh banker goes on lam as defaults hurt investors (Bloomberg)
BTA to shed light on Temirbank restructuring this week (SRI)
VTB Group to open bank in Kazakhstan (SRI)
Deripaska’s Basic Element CEO appointed to Samruk-Kazyna’s board of directors (Interfax)
Indicators - May 29, 2009 (Reuters)
VTB Group to open bank in Kazakhstan
(SRI) - VTB Group, Russia’s largest banking group, received a license to start offering banking services in Kazakhstan last week.
Kazakhstan Society Roundup - June 1, 2009
Armstrong’s Astana team still in doubt for Tour (SRI)
Kazakhstan: Close encounters with camels on the Aral Sea bed (EurasiaNet)
Armstrong’s Astana team still in doubt for Tour
(AP) - Lance Armstrong’s financially strapped Astana team will likely survive for another few weeks, but it’s unclear if it will make it to the Tour de France.
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Kazakhstan Regional News Roundup - June 1, 2009
Analyst: Turkmen tender will help determine market (RFE/RL)
Uzbekistan: Political persecution prompts rise in refugees (EurasiaNet)
Kazakhstan Energy Roundup - June 1, 2009
Kazatomprom corruption probe engulfs head, Canada’s Uranium One (bne)
Dodgy uranium deals in Kazakhstan? Neal Froneman – Former CEO, Uranium One (Moneyweb)
Who sold key asset to Uranium One? (Globe and Mail)
KMG EP names new CEO (SRI)
Topaz secures $100 million contract with Agip KCO in Kazakhstan (Khaleej Times)
BTA to shed light on Temirbank restructuring this week
(SRI) - Kazakhstan’s BTA Bank will decide this week whether to restructure the $800 million foreign debt of its retail subsidiary Temirbank, BTA’s CEOAnvar Saidenov said on Friday.
BTA to announce restructuring plan this week - Saidenov
(SRI) - Kazakhstan’s BTA Bank plans to unveil its restructuring plan this week, the bank’s CEO Anvar Saidenov told journalists on Friday, following in the footsteps of Alliance Bank, another Kazakh lender seeking relief from its international creditors.
