Archive for July 17th, 2009
Kazakhstan Daily News Roundup - July 17, 2009
HEADLINES:
AmCham voices concerns over corruption and investment climate in Kazakhstan
(SRI) - American Chamber of Commerce president criticized corruption in Kazakhstan and said foreign investors were concerned with the investment climate in the country, local media reported.
Lack of ownership disclosure contributed to BTA collapse - EBRD banker
(SRI) - Opaque ownership structure and lack of government oversight led to the collapse of BTA Bank, EBRD banker Tomas Brabenec said in Astana on Thursday.
Alliance chairman claims he is on vacation - did not flee
(SRI) - Alliance Bank chairman Margulan Saisembayev denied allegations made by the financial police that he had fled the county, the daily newspaper Vremya (Time) reported.
ENERGY:
Zhaikmunai share issue oversubscribed - source (Reuters)
BUSINESS AND ECONOMY:
Kazakhstan central bank grapples with CDS headache
(Financial Times) - Grigoriy Marchenko, the Kazakh central bank chairman, has reason to follow the debate about the future of credit derivatives with particular interest, as some of the country’s largest bank are on the brink of collapse.
Kazakh currency trades drop after speculation warning
(Bloomberg) - Currency trading on the KASE fell to $105 million today, a third of the amount yesterday, after central bank Governor Grigori Marchenko ruled out a devaluation.
ATF Bank CEO says bankers dismissed devaluation ‘panic’
(Bloomberg) - ATF Bank dismissed accusations from the central bank that its managers may have contributed to speculation of a devaluation in the tenge by advising clients to buy dollars.
Moody’s downgrades Food Contract Corporation (Moody’s)
KUAT workers threaten strike in Almaty (SRI)
Ministry of Industry and Trade names two new deputy ministers (SRI)
Kazakhs seek foreign interest in more than mining (Reuters - Forexyard)
Time out called in lawyers’ Kazakh feud (Sidney Morning Herald)
Kazakhtstan’s cereal market and its regional impact (CACI Analyst)
Indicators - July 16, 2009 (Reuters)
POLITICS:
Kazakhstan PM delays Seoul visit (Korea Times)
Advisor of West Kazakhstan akim accuses his chief of nepotism (Interfax)
SOCIETY:
Two cheers for Kazakh capital’s birthday party (IWPR)
REGIONAL:
Turkmenistan creates vast lake in the desert (AP)
Central Asia Uighurs harbor revenge for Xinjiang kinfolk (Reuters)
China ups energy clout in Central Asia - U.S. envoy (Reuters)
Kazakhstan Politics Roundup - July 17, 2009
Kazakhstan PM delays Seoul visit (Korea Times)
Advisor of West Kazakhstan akim accuses his chief of nepotism (Interfax)
AmCham voices concerns over corruption and investment climate in Kazakhstan
(SRI) - American Chamber of Commerce president criticized corruption in Kazakhstan and said foreign investors were concerned with the investment climate in the country, local media reported.
Kazakhstan Business and Economy Roundup - July 17, 2009
AmCham voices concerns over corruption and investment climate in Kazakhstan (SRI)
Lack of ownership disclosure contributed to BTA collapse - EBRD banker (SRI)
Alliance chairman claims he is on vacation - did not flee (SRI)
Kazakhstan central bank grapples with CDS headache (Financial Times)
Kazakh currency trades drop after speculation warning (Bloomberg)
ATF Bank CEO says bankers dismissed devaluation ‘panic’ (Bloomberg)
Moody’s downgrades Food Contract Corporation (Moody’s)
KUAT workers threaten strike in Almaty (SRI)
Ministry of Industry and Trade names two new deputy ministers (SRI)
Kazakhs seek foreign interest in more than mining (Reuters - Forexyard)
Time out called in lawyers’ Kazakh feud (Sidney Morning Herald)
Kazakhtstan’s cereal market and its regional impact (CACI Analyst)
Indicators - July 16, 2009 (Reuters)
Moody’s downgrades Food Contract Corporation
(Moody’s) - Moody’s Investors Service has today downgraded to Ba1 from Baa3 the senior unsecured issuer rating of JSC National Company Food Contract Corporation (FCC).
KUAT workers threaten strike in Almaty
(SRI) - Employees of the construction company KUAT threatened to block one of Almaty’s central streets or go on hunger strike to protest their situation, Kazakhstan Today reported on Thursday.
Ministry of Industry and Trade names two new deputy ministers
(SRI) - The Kazakh Ministry of Industry and Trade has appointed Nurbek Raev and Erkhat Iskaliev the new deputy ministers on July 9, Kazakhstan Today reported on Thursday.
