Archive for July 14th, 2009
Major real estate developer defaults on debt
(SRI) - Build Investment Group (BIG), a major real estate developer, declared a technical default on debt obligations totalling KZT3 billion ($20 million), KASE reported.
Kazakhstan Daily News Roundup - July 14, 2009
HEADLINES:
Turkey, EU countries sign Nabucco pipeline deal
(AP) - European countries on Monday sealed an important agreement aimed at diversifying the continent’s energy sources — but their pipeline project to bring natural gas from Central Asia and the Middle East to Europe can’t entirely break Russia’s dominance.
Major real estate developer defaults on debt
(SRI) - Build Investment Group (BIG), a major real estate developer, declared a technical default on debt obligations totalling KZT3 billion ($20 million), KASE reported.
Kyiv court freezes shares of BTA’s Ukraininan subsidiary
(SRI) - Kyiv’s economic court has ruled to freeze a 40-percent stake in BTA Bank (Kyiv) to meet a claim by its parent company BTA Bank (Kazakhstan) to cancel a deal which the Kazakh bank calls illegal.
ENERGY:
SOCAR, KMG move on Trans-Caspian pipeline (UPI)
SOCAR: Guarantees needed from Tengiz and Kashagan (New Europe)
Two new vice presidents of Kazatomprom named (Interfax)
BUSINESS AND ECONOMY:
Kazakh fund to boost Alliance Bank capital by $857 million
(Bloomberg) - Alliance Bank will get a KZT129-billion ($857.3-million) capital injection from a state-owned fund, which will take control of the lender.
Almaty court suspends and later upholds FSA’s dismissal of ex-CEO of Alliance Bank (SRI)
Kazakh investors have no plans to abandon Georgia (SRI)
Kazakhstan starts building railroad to get linked with Turkmenistan and Iran (Interfax)
Temirbank embarks on second stage of mortgage loan refinancing (Interfax)
Eurasian Development Bank Council held session in Almaty (Kazinform)
Indicators - July 13, 2009 (Reuters)
POLITICS:
Kazakh PM to visit South Korea (TREND)
SOCIETY:
Kazakh leader signs law curbing Internet - activists
(Reuters) - Kazakh President Nursultan Nazarbayev has signed into law new controls on the Internet that the Organization for Security and Cooperation in Europe (OSCE) has called repressive.
REGIONAL:
Reclusive Turkmenistan cracks open the door (AP)
U.S. tells Uzbekistan it wants better ties (Reuters)
U.S. says Kyrgyzstan base deal will boost security (AP)
Kazakhstan Regional News Roundup - July 14, 2009
Reclusive Turkmenistan cracks open the door (AP)
U.S. tells Uzbekistan it wants better ties (Reuters)
U.S. says Kyrgyzstan base deal will boost security (AP)
Reclusive Turkmenistan cracks open the door
(AP) - Four white-marble hotels opened here in June on a spit of sand by a landlocked sea — the beginnings of what is billed as Central Asia’s answer to Las Vegas, an opulent $5 billion oasis of seaside villas, casinos, an artificial island and a ski center.
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U.S. tells Uzbekistan it wants better ties
(Reuters) - A top U.S. diplomat told Uzbekistan on Monday Washington wanted to repair relations with the Central Asian state, strained since a dispute over human rights in 2005 and the closure of a key U.S. military base.
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U.S. says Kyrgyzstan base deal will boost security
(AP) - A new agreement allowing the U.S. to maintain its air base in Kyrgyzstan for Afghan operations will help to ensure stability across Central Asia, a top American diplomat said Sunday.
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China’s Uighurs hope to gain from world spotlight
(AFP) - Like many ethnic Uighurs, businessman Anwar hopes greater world interest in the Muslim minority following deadly unrest in this remote Chinese city of Urumqi could lead to long-time grievances being addressed.
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China officials: Police kill 2 Uighur men, wound 1
(AP) - Police fatally shot two Uighur men and wounded a third Monday in western China, where violence has persisted to flare despite the massive numbers of troops sent to restore calm more than a week after deadly ethnic rioting.
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