Archive for August 5th, 2009
Kazakhstan Daily News Roundup - August 5, 2009
HEADLINES:
Inflation slows to 0.3 percent in July
(SRI) - Consumer prices in Kazakhstan rose 0.3 percent in July, continuing a falling trend. In the last 12 months, consumer prices rose by 6.9 percent, Kazakhstan’s state statistical agency said.
Kazakhstan’s BTA Bank first-half losses swelled to $9.9 billion
(Bloomberg) - BTA Bank, Kazakhstan’s largest lender by assets, saw losses expand to 1.5 trillion tenge ($9.9 billion) in the first half, the country’s financial regulator said, citing preliminary data.
Wife of Kazakh ex-nuke chief demands open trial
(AP) - The wife of the jailed former head of Kazakhstan’s nuclear energy company demanded Monday that an open trial be held for her husband, who is accused of large-scale theft.
ENERGY:
Max Petroleum has contract with Sun Drilling rig in Kazakhstan (Bloomberg)
Tethys Petroleum gives update on major projects, says oil production in Uzbekistan up (Proactive Investors)
MINERAL RESOURCES:
ArcelorMittal puts off Temirtau metal mill project due to the crisis (Interfax)
Antimonopoly agency puts coal companies on the list of monopolies (Interfax)
BUSINESS AND ECONOMY:
Kazakh banks expect more loan restructuring, delays in payments
(Bloomberg) - More than half of Kazakhstan’s 38 banks expect to restructure more loans as delays in debt payment grow in the third quarter as the country’s economic slump deepens.
Kazakhstan to adopt a new financial system framework in the fall (SRI)
Nurbank reports a 4.5-fold increase in net income (SRI)
Samruk-Kazyna negotiating terms with potential investors in Alliance Bank (Interfax)
Kazakhtelecom H1 net income falls 16.6 percent (Reuters)
Samruk-Kazyna to decide in August if DBK’s capital will be increased by $1 billion
(Interfax)
Indicators - August 4, 2009 (Reuters)
SOCIETY:
Wife of Kazakh ex-nuke chief demands open trial (AP)
Vinokourov returns to cycling in France (AP)
REGIONAL:
Uzbekistan condemns Russian troops deployment (AP)
China says it holds 718 in Xinjiang over July riots (Reuters)
CSTO in crisis as Moscow secures second military base in Kyrgyzstan (Eurasia Daily Monitor)
Central Asia’s northern exposure (New York Times)
Russia, Turkey to sign Bosphorus bypass oil pipe deal (Bloomberg)
Kazakhstan Energy Roundup - August 5, 2009
Max Petroleum has contract with Sun Drilling rig in Kazakhstan (Bloomberg)
Tethys Petroleum gives update on major projects, says oil production in Uzbekistan up (Proactive Investors)
Kazakhstan Business and Economy Roundup - August 5, 2009
Inflation slows to 0.3 percent in July (SRI)
Kazakhstan’s BTA Bank first-half losses swelled to $9.9 billion (Bloomberg)
Kazakh banks expect more loan restructuring, delays in payments (Bloomberg)
Kazakhstan to adopt a new financial system framework in the fall (SRI)
Nurbank reports a 4.5-fold increase in net income (SRI)
Samruk-Kazyna negotiating terms with potential investors in Alliance Bank (Interfax)
Kazakhtelecom H1 net income falls 16.6 percent (Reuters)
Samruk-Kazyna to decide in August if DBK’s capital will be increased by $1 billion (Interfax)
Indicators - August 4, 2009 (Reuters)
Kazakhstan Mineral Resources Roundup - August 5, 2009
ArcelorMittal puts off Temirtau metal mill project due to the crisis (Interfax)
Antimonopoly agency puts coal companies on the list of monopolies (Interfax)
Vinokourov returns to cycling in France
(AP) - Kazakh cyclist Alexandre Vinokourov has raced for the first time since his two-year doping ban ended last month, completing the Castillon-La-Bataille criterium race in France.
(more…)
Nurbank reports a 4.5-fold increase in net income
(SRI) - Nurbank, Kazakhstan’s ninth largest bank, reported a 4.5-fold increase in net income compared to the same period last year from KZT129 million ($0.86 million) to KZT570 million ($3.8 million) in the first six months of 2009.
Kazakhstan to adopt a new financial system framework in the fall
(SRI) - Kazakhstan is expected to adopt a new financial system framework this fall, central bank chairman Grigoriy Marchenko said on Monday.
Inflation slows to 0.3 percent in July
(SRI) - Consumer prices in Kazakhstan rose 0.3 percent in July, continuing a falling trend. In the last 12 months, consumer prices rose by 6.9 percent, Kazakhstan’s state statistical agency said.
Kazakhstan Regional News Roundup - August 5, 2009
Uzbekistan condemns Russian troops deployment (AP)
China says it holds 718 in Xinjiang over July riots (Reuters)
CSTO in crisis as Moscow secures second military base in Kyrgyzstan (Eurasia Daily Monitor)
Central Asia’s northern exposure (New York Times)
Russia, Turkey to sign Bosphorus bypass oil pipe deal (Bloomberg)
