Archive for July 10th, 2009
Kazakhstan Daily News Roundup - July 10, 2009
HEADLINES:
Kazakh banks hope for more funds from mortgage program
(bne) - The Kazakh government’s mortgage refinancing program has been eagerly accepted by banks and their clients but low consumer confidence is holding back the recovery of the retail lending and real estate markets.
Alliance to reduce debt to $1 billion with restructuring
(SRI) - Alliance Bank’s restructuring should reduce the bank’s debt from to about $1 billion from the current $4 billion.
ENERGY:
BMB Munai to restate financial statements (SRI)
BUSINESS AND ECONOMY:
Eurasian Development Bank issues bonds (SRI)
Tire recycling plant opens in Astana (SRI)
Residential real estate prices continue to fall (SRI)
Kazakhstan to increase grain production by 15-20 percent (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates July 10, 2009 (Kazinform)
Indicators - July 9, 2009 (Reuters)
POLITICS:
Kazakh Ambassador to Switzerland appointed (Kazinform)
Kazakh Ambassador to Greece appointed (Kazinform)
Delegation of European Commission visits Kazakhstan (Kazinform)
SOCIETY:
Press freedoms curbed (Washington Times)
REGIONAL:
China’s Hu says maintaining stability paramount (Reuters)
Islamic Development Bank finances cross-border railway (EurasiaNet)
Kazakhstan Regional News Roundup - July 10, 2009
China’s Hu says maintaining stability paramount (Reuters)
Islamic Development Bank finances cross-border railway (EurasiaNet)
China’s Hu says maintaining stability paramount
(Reuters) - Chinese President Hu Jintao, forced to abandon a G8 summit in Italy by ethnic violence in restive Xinjiang, said that maintaining social stability in the energy-rich region was the “most urgent task,” state television reported on Thursday.
(more…)
Kazakhstan Politics Roundup - July 10, 2009
Kazakh Ambassador to Switzerland appointed (Kazinform)
Kazakh Ambassador to Greece appointed (Kazinform)
Delegation of European Commission visits Kazakhstan (Kazinform)
Kazakhstan Business and Economy Roundup - July 10, 2009
Kazakh banks hope for more funds from mortgage program (bne)
Alliance to reduce debt to $1 billion with restructuring (SRI)
Eurasian Development Bank issues bonds (SRI)
Tire recycling plant opens in Astana (SRI)
Residential real estate prices continue to fall (SRI)
Kazakhstan to increase grain production by 15-20 percent (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates July 10, 2009 (Kazinform)
Indicators - July 9, 2009 (Reuters)
Eurasian Development Bank issues bonds
(SRI) - Eurasian Development Bank (EDB), the development institution jointly owned by Kazakhstan and Russia, issued bonds for a total of KZT5 billion ($33 million). This is the second issuance by the EDB which placed KZT15 billion ($100 million) in April.
Tire recycling plant opens in Astana
(SRI) - A new tire recycling plant operated by Kazakhstan Rubber Recycling opened in Astana on Thursday, local media reported.
Residential real estate prices continue to fall
(SRI) - The average residential real estate price in Kazakhstan fell 0.6 percent month-to-month to KZT141,462 ($943) per square meter for newly built homes, while prices on the secondary market fell 1.6 percent to KZT104,420 ($696) per square meter, the state statistical agency reported.
Kazakhstan Society Roundup - July 10, 2009
Press freedoms curbed (Washington Times)
