BTA signs MoU with creditors’ committee
(SRI) – BTA Bank signed a Memorandum of Understanding (MoU) with a steering committee of creditors on Monday to restructure its $10.3-billion debt.
Karachaganak consortium seeks to recover over $1 billion in paid oil export duty
(SRI) – Karachaganak Petroleum Operating (KPO), a joint venture led by British BG Group and Italian Eni, is seeking to recover more than $1 billion in export taxes paid to Kazakhstan, Energy Minister Sauat Mynbayev told reporters on Tuesday.
Almaty court gives green light to Alliance Bank restructuring
(SRI) – The Specialized Financial Court of Almaty has approved Alliance Bank’s application to restructure its debt on September 18.
BUSINESS AND ECONOMY:
PNB to acquire stake in Kazakh Bank (Reuters)
Kazakh hospitality (American Spectator)