news roundup

Kazakhstan Daily News Roundup - July 10, 2009

By SRI ⋅ July 10, 2009 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

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)

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