news roundup

Kazakhstan Daily News Roundup - July 28, 2009

By SRI ⋅ July 28, 2009 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

HEADLINES:

Kazkommertsbank to consolidate Russian subsidiaries - reports
(SRI) - In response to the global financial crisis, Kazkommertsbank plans to consolidate its Russian assets - Moskommertsbank and Consumer Finance Company (CFC) Group.

Samruk-Kazyna spent $6 billion supporting BTA since February
(SRI) - Samruk-Kazyna, the state holding and investment company, has allocated $6 billion to support BTA Bank since it took it over in February of this year.

BTA Bank projects massive creditor losses (BTA)

MINERAL RESOURCES:

Toshiba partners with Kazakhstan to develop rare earths and uranium (MetalMiner)

Kazphosphat and state chemical company to build sulfate plant and enrichment factory worth $250 million (Kazinform)

BUSINESS AND ECONOMY:

Kazakhtelecom receives 20 bids for mobile subsidiary - reports (SRI)

Kagazy names new CEO; AGM to be held on August 17 (SRI)

National Bank chair forecasts positive rate of economic development in 2010 (Kazakhstan Today)

Uzbek/Kazakh hedge fund market’s decline slowing (HedgeCo.net)

Foreign currency exchange rates fixed by National Bank - July 28, 2009 (Kazakhstan Today)

Indicators - July 27, 2009 (Reuters)

SOCIETY:

Swine clue cases in Kazakhstan reach 13, Healthcare Ministry expects more (Interfax)

Public prosecutor asks court to sentence editor of Alma-Ata Info newspaper to 6 years in prison (Interfax)

REGIONAL:

Final returns show Kyrgyz president wins second term (AP)

Blasts hit Tajikistan ahead of high-profile summit (AP)

Azerbaijan: For SOCAR, bigger means better with Azerigaz takeover (EurasiaNet)

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