Archive for June 5th, 2009
Kazakhstan Daily News Roundup - June 5, 2009
HEADLINES:
BTA reports $7.9 billion net loss for 2008
(SRI) - BTA Bank reported an estimated loss of KZT1.188 trillion ($7.9 billion) which would result in negative shareholder equity of KZT743 billion ($4.9 billion).
Back to the drawing board for Kazakhstan’s road concessions
(bne) - Kazakhstan’s attempt to test its new concessions law with the launch of four public-private partnership (PPP) tenders for major road projects wasn’t a success. The government is now re-thinking its approach as it seeks to attract private funds for the many infrastructure projects in the works.
LUKOIL offers to buy BP’s share for $1.5 billion
(SRI) - Russian LUKOIL may offer more than $1.5 billion to buy out BP’s share in LukArco, a joint venture which controls production and transport assets in Kazakhstan, Reuters reported citing LUKOIL’s president Vagit Alekperov.
Kazakh regulator suspends Astana Finance licenses
(SRI) - Kazakhstan’s Financial Supervision Agency (FSA) suspended several licenses issued to Astana Finance, a large domestic lender which had announced plans to restructure its debt in May.
ENERGY:
Roxi secures $24.5 million in financing
(SRI) - Kazakhstan-based oil junior Roxi Petroleum said on Wednesday it had secured a total of $24.5 million funding through an equity line of credit facility and a share issue.
BUSINESS AND ECONOMY:
Kazakhstan’s gold/forex reserves rise in May (Reuters)
National Bank of Kazakhstan: Exchange rates June 5, 2009 (Kazinform)
Indicators - June 4, 2009 (Reuters)
POLITICS:
Kazakhstan: Conflict-of-interest debat flares in Washington (EurasiaNet)
Kazakhstan not ready for OSCE presidency - Human Rights Watch (Nasdaq - AFP)
Kazakhstan must issue its first human rights report by September, human rights activists (Interfax)
Kazakhstan extends deal with U.S. on destroying missile silos (Interfax)
Deputy chair of statistics agency charged with embezzlement (Interfax)
Parliament deputy reveals excessively high salaries of National Pension Fund mangers (Interfax)
SOCIETY:
Kazakhstan coach hits out at state of local game (Reuters)
Kazakhstan Politics Roundup - June 5, 2009
Kazakhstan: Conflict-of-interest debat flares in Washington (EurasiaNet)
Kazakhstan not ready for OSCE presidency - Human Rights Watch (Nasdaq - AFP)
Kazakhstan must issue its first human rights report by September, human rights activists (Interfax)
Kazakhstan extends deal with U.S. on destroying missile silos (Interfax)
Deputy chair of statistics agency charged with embezzlement (Interfax)
Parliament deputy reveals excessively high salaries of National Pension Fund mangers (Interfax)
Roxi secures $24.5 million in financing
(SRI) - Kazakhstan-based oil junior Roxi Petroleum said on Wednesday it had secured a total of $24.5 million funding through an equity line of credit facility and a share issue.
Kazakhstan Society Roundup - June 5, 2009
Kazakhstan coach hits out at state of local game (Reuters)
Astana cleared to race after giving proof of funds
(AP) - Cycling’s governing body cleared Astana to race Wednesday after Lance Armstrong’s team guaranteed its immediate finances.
(more…)
Kazakhstan Business and Economy Roundup - June 5, 2009
BTA reports $7.9 billion net loss for 2008 (SRI)
Back to the drawing board for Kazakhstan’s road concessions (bne)
Kazakh regulator suspends Astana Finance licenses (SRI)
Kazakhstan’s gold/forex reserves rise in May (Reuters)
National Bank of Kazakhstan: Exchange rates June 5, 2009 (Kazinform)
Indicators - June 4, 2009 (Reuters)
BTA reports $7.9 billion net loss for 2008
(SRI) - BTA Bank reported an estimated loss of KZT1.188 trillion ($7.9 billion) which would result in negative shareholder equity of KZT743 billion ($4.9 billion).
LUKOIL offers to buy BP’s share for $1.5 billion
(SRI) - Russian LUKOIL may offer more than $1.5 billion to buy out BP’s share in LukArco, a joint venture which controls production and transport assets in Kazakhstan, Reuters reported citing LUKOIL’s president Vagit Alekperov.
Kazakh regulator suspends Astana Finance licenses
(SRI) - Kazakhstan’s Financial Supervision Agency (FSA) suspended several licenses issued to Astana Finance, a large domestic lender which had announced plans to restructure its debt in May.
