Archive for August 20th, 2009
Kazakhstan Daily News Roundup - August 20, 2009
HEADLINES:
Interview: KazInvestBank CEO calls Kazakh bank system dysfunctional
(bne) - Official data on non-performing loans is only the tip of the iceberg and drastic action is needed to stop the mountains of debt from dragging Kazakhstan’s economy into a lengthy recession, warns KazInvestBank’s chief executive, Adnan Ally Agha.
Kazakhstan may require foreign companies to keep funds with Kazakh banks
(SRI) - Prime Minister Karim Masimov said on Tuesday he asked the government to introduce requirements for foreign companies operating in Kazakhstan to keep a share of their funds with Kazakh banks.
Astana Finance to increase provisions; finalize restructuring by October
(SRI) - Astana Finance expects to sign a debt restructuring agreement with its creditors by the end of October, managing director Irina Kim said on Wednesday.
ENERGY:
Deadline for KMG and CNPC purchase of MMG extended (Steel Guru)
Tekfen says unit secures Kashagan contract (Reuters)
Victoria Oil & Gas says date set for hearing over challenge to Kemerkol oil project (Proactive Investors)
MINERAL RESOURCES:
Surprise lift in demand boosts ENRC
(Financial Times) - Eurasian Natural Resources Corp, the Kazakhstan-based miner that is a main supplier of steel ingredients to Russia and China, was boosted by a surprise pick-up in metal demand in those two countries over the first half.
BUSINESS AND ECONOMY:
Kazakhstan to impose cap on foreign borrowing
(SRI) - Kazakhstan plans to impose a 30-percent limit on external borrowings by Kazakh banks, central bank chairman Grigoriy Marchenko said on Tuesday.
Kazakh minister upbeat on growth
(Financial Times) - Kazakhstan sounded an optimistic note on Tuesday saying its crisis-hit economy was pulling out of a recession and would resume growth by the end of the year.
Eurasian Development Bank to issue 4 bonds for 20 billion rubles (Reuters)
Foreign currency exchange rates by National Bank (Kazakhstan Today)
Indicators - August 19, 2009 (Reuters)
POLITICS:
President of Kazakhstan Nursultan Nazarbayev to visit Azerbaijan in October (APA)
The Alga! Party has another shot at registering (Interfax)
SOCIETY:
Kazakh Internet space to be controlled by special service (Ferghana.ru)
Shooting death of Kazakh boxer latest in series of suspicious deaths (RFE/RL)
Alleged Kazakh KNB agents to stand trial in Austria (RFE/RL)
REGIONAL:
Georgia quits ex-Soviet group as Moscow allies rebel (Reuters)
Kazakhstan Business and Economy Roundup - August 20, 2009
Interview: KazInvestBank CEO calls Kazakh bank system dysfunctional (bne)
Kazakhstan may require foreign companies to keep funds with Kazakh banks (SRI)
Astana Finance to increase provisions; finalize restructuring by October (SRI)
Kazakhstan to impose cap on foreign borrowing (SRI)
Kazakh minister upbeat on growth (Financial Times)
Eurasian Development Bank to issue 4 bonds for 20 billion rubles (Reuters)
Foreign currency exchange rates by National Bank (Kazakhstan Today)
Indicators - August 19, 2009 (Reuters)
Kazakhstan Energy Roundup - August 20, 2009
Deadline for KMG and CNPC purchase of MMG extended (Steel Guru)
Tekfen says unit secures Kashagan contract (Reuters)
Victoria Oil & Gas says date set for hearing over challenge to Kemerkol oil project (Proactive Investors)
Kazakhstan Mineral Resources Roundup - August 20, 2009
Surprise lift in demand boosts ENRC (Financial Times)
Kazakhstan Politics Roundup - Augsut 20, 2009
President Nursultan Nazarbayev to visit Azerbaijan in October (APA)
Kazakhstan Society Roundup - August 20, 2009
Kazakh Internet space to be controlled by special service (Ferghana.ru)
Shooting death of Kazakh boxer latest in series of suspicious deaths (RFE/RL)
Alleged Kazakh KNB agents to stand trial in Austria (RFE/RL)
Kazakhstan may require foreign companies to keep funds with Kazakh banks
(SRI) - Prime Minister Karim Masimov said on Tuesday he asked the government to introduce requirements for foreign companies operating in Kazakhstan to keep a share of their funds with Kazakh banks.
Kazakhstan to impose cap on foreign borrowing
(SRI) - Kazakhstan plans to impose a 30-percent limit on external borrowings by Kazakh banks, central bank chairman Grigoriy Marchenko said on Tuesday.
Kazakhstan Regional News Roundup - Augsut 20, 2009
Georgia quits ex-Soviet group as Moscow allies rebel (Reuters)
Georgia quits ex-Soviet group as Moscow allies rebel
(Reuters) - Georgia on Tuesday became the first country to withdraw from the CIS grouping of former Soviet republics in the latest and most blatant sign of rebellion against Moscow in its own backyard.
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