Archive for August 10th, 2009
Kazakhstan Daily News Roundup - August 10, 2009
HEADLINES:
Banking associations appeal for trade finance debt to be excluded from restructuring
(SRI) - Two international banking industry associations appealed to Kazakh President Nursultan Nazarbayev to ensure that Kazakhstan’s troubled banks exclude trade finance debt from restructuring.
Central bank cuts refinancing rate to 7.5 percent
(SRI) - The National Bank of Kazakhstan has cut the key refinancing rate from 8 percent to a four-year low of 7.5 percent effective on Monday, August 10, the central bank said on Friday.
Kookmin shelves plan to buy controlling stake in Bank CenterCredit
(SRI) - South Korea’s Kookmin Bank has reportedly shelved its plan to buy a controlling stake in Kazakh Bank CenterCredit (BCC) this year and will cap its ownership interest at 41 percent.
ENERGY:
Tengizchevroil production up 16 percent in H1
(SRI) - Tengizchevroil, the Chevron-led joint venture developing the Tengiz field in western Kazakhstan, increased crude oil output 16 percent year-on-year in the first half of 2009 to 10.2 million tons (81.2 million barrels).
BUSINESS AND ECONOMY:
Banking associations appeal for trade finance debt to be excluded from restructuring (SRI)
Central bank cuts refinancing rate to 7.5 percent (SRI)
Kookmin shelves plan to buy controlling stake in Bank CenterCredit (SRI)
Ramstore opens hypermarket in Almaty (SRI)
Foreign currency exchange rates by National Bank - August 8 -10, 2009 (Kazakhstan Today)
Indicators - August 7, 2009 (Reuters)
POLITICS:
Ex-spy may succeed Kazakh leader - paper
(Reuters) - A senior security official may eventually succeed Kazakh leader Nursultan Nazarbayev in a deal similar to Vladimir Putin’s rise to power in Russia, a political analyst said in a rare public comment.
SOCIETY:
Religion classes to be compulsory in Kazakh schools (Reuters)
Kazakhstan: The forgotten women of the gulag (EurasiaNet)
REGIONAL:
Putin secures Turkish go-ahead for key pipeline (AFP)
Kazakhstan Business and Economy Roundup - August 10, 2009
Banking associations appeal for trade finance debt to be excluded from restructuring (SRI)
Central bank cuts refinancing rate to 7.5 percent (SRI)
Kookmin shelves plan to buy controlling stake in Bank CenterCredit (SRI)
Ramstore opens hypermarket in Almaty (SRI)
Foreign currency exchange rates by National Bank - August 8 -10, 2009 (Kazakhstan Today)
Indicators - August 7, 2009 (Reuters)
Ramstore opens hypermarket in Almaty
(SRI) - Turkish developer Migros Ticaret has opened its 12th Ramstore shopping center in Kazakhstan last week, the group said in a statement.
Kazakhstan Society Roundup - August 10, 2009
Religion classes to be compulsory in Kazakh schools (Reuters)
Kazakhstan: The forgotten women of the gulag (EurasiaNet)
Kazakhstan Regional News Roundup - August 10, 2009
Putin secures Turkish go-ahead for key pipeline (AFP)
Putin secures Turkish go-ahead for key pipeline
(AFP) - Russian Prime Minister Vladimir Putin got the go-ahead from Turkey on Thursday to start surveying for a major gas pipeline and rejected a key European energy deal in a fresh challenge to the West.
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Georgia, Russia step back from fears of a new war
(AP) - Despite rising tensions and slashing rhetoric as the first anniversary of the Russian war approaches, top officials in Tbilisi and Moscow downplay the likelihood of renewed fighting — but for deeply different reasons.
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Kyrgyz opposition leader suspects he was poisoned
(Reuters) - Kyrgyzstan President Kurmanbek Bakiyev’s main opponent in July elections believes he has been poisoned and is leaving the Central Asian country for treatment, his office said Thursday.
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