Archive for July 23rd, 2009
Kazakhstan Daily News Roundup - July 23, 2009
HEADLINES:
Watching and waiting in Kazakhstan’s crisis-hit banking sector
(bne) - As Kazakhstan enters its third year of crisis, the long-awaited clarity about BTA Bank and Alliance Bank’s restructuring is imminent. Kazkommertsbank and Halyk Bank appear to be stable, but the growing burden of problem loans means that things could still get worse before they get better in Kazakh banking sector.
Alliance Bank to finalize restructuring by September
(SRI) - Alliance bank will finalize its $4-billion restructuring in September and will finish the restructuring process by November.
Kazakhstan’s economy grows 3 percent quarter-on quarter
(SRI) - Kazakhstan’s GDP grew by 3 percent in the second quarter compared to the first quarter but the overall economic growth is still negative year-on-year.
ENERGY:
KazMunaiGas reports significant fall in net income in H1
(SRI) - KazMunaiGas, the Kazakh national oil and gas company, reported on Wednesday its consolidated net income fell to KZT39.2 billion ($260 million) in the first half of 2009, from KZT271.5 billion in the same period of 2008.
BUSINESS AND ECONOMY:
Kookmin in talks to increase stake in Bank CenterCredit
(SRI) - South Korea’s largest bank Kookmin reportedly plans to acquire a majority stake in Bank CenterCredit (BCC).
Financial police investigation former Alliance management - CEO
(SRI) - Kazakhstan’s financial police are investigating the former management of Alliance Bank in connection with unreported deals which have led to losses of $1.1 billion.
Kazakh developer avoids receivership for project
(Bloomberg) - Bazis International, a Kazakh developer planning a C$542 million ($490 million) hotel- condominium tower in Toronto, struck a deal with lenders that stopped the project from being put into immediate receivership.
KKB presents new Board members (SRI)
Kazakhstan managed to avoid crisis in banking sector - Samruk-Kazyna (Interfax)
Prime Minister wants his Cabinet to work out two economic scenarios (Interfax)
Kazakhstan to leave open the possibility of grain exports to Ukraine (AgriMarket.Info)
Indicators - July 21, 2009 (Reuters)
POLITICS:
Nazarbayev purges army of corrupt top brass (Eurasia Daily Monitor)
Austria to try Kazakh ’spy’ for kidnap attempt (RFE/RL)
SPÖ MP admits contact with Kazakh secret-service member (Austrian Times)
SOCIETY:
International community to stand for ex-chief of Kazatomprom - spouse (Interfax)
REGIONAL:
Turkmen president shows off surgery skills - reports (AP)
Kyrgyzstan to hold presidential election (AP)
Biden on delicate mission to Ukraine, Georgia (AFP)
Becoming a Central Asian dictator: Family helps; so does medical training (The Oil and the Glory)
Kazakhstan Business and Economy Roundup - July 23, 2009
Watching and waiting in Kazakhstan’s crisis-hit banking sector (bne)
Alliance Bank to finalize restructuring by September (SRI)
Kazakhstan’s economy grows 3 percent quarter-on quarter (SRI)
Kookmin in talks to increase stake in Bank CenterCredit (SRI)
Financial police investigation former Alliance management - CEO (SRI)
Kazakh developer avoids receivership for project (Bloomberg)
KKB presents new Board members (SRI)
Kazakhstan managed to avoid crisis in banking sector - Samruk-Kazyna (Interfax)
Prime Minister wants his Cabinet to work out two economic scenarios (Interfax)
Kazakhstan to leave open the possibility of grain exports to Ukraine (AgriMarket.Info)
Indicators - July 21, 2009 (Reuters)
KKB presents new Board members
(SRI) - Kazkommertsbank (KKB) said on Tuesday two new Board members have been elected at its Extraordinary General Meeting of Shareholders.
Kazakhstan Society Roundup - July 23, 2009
International community to stand for ex-chief of Kazatomprom - spouse (Interfax)
Kazakhstan Politics Roundup - July 23, 2009
Nazarbayev purges army of corrupt top brass (Eurasia Daily Monitor)
Austria to try Kazakh ’spy’ for kidnap attempt (RFE/RL)
SPÖ MP admits contact with Kazakh secret-service member (Austrian Times)
Kazakhstan Energy Roundup - July 23, 2009
KazMunaiGas reports significant fall in net income in H1 (SRI)
Kazakhstan Regional News Roundup - July 23, 2009
Turkmen president shows off surgery skills - reports (AP)
Kyrgyzstan to hold presidential election (AP)
Biden on delicate mission to Ukraine, Georgia (AFP)
Becoming a Central Asian dictator: Family helps; so does medical training (The Oil and the Glory)
Turkmen president shows off surgery skills - reports
(AP) - Turkmenistan’s president has opened a cancer hospital by performing the first operation himself.
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Kyrgyzstan to hold presidential election
(AP) - This Central Asian nation that hosts a key U.S. military air base votes Thursday in a presidential election that is almost certain to tighten the incumbent’s grip on power in the former Soviet republic.
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Biden on delicate mission to Ukraine, Georgia
(AFP) - Vice President Joe Biden meets Ukrainian leaders on Tuesday as the United States seeks a new balance between supporting pro-Western aims of former Soviet republics and putting ties with Russia back on track.
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