Indian PNB to buy majority stake in Dana Bank for $24 million

(SRI) The Punjab National Bank (PNB) said last week it will pay an estimated $24 million for a majority stake in Kazakhstan’s Dana Bank, its first overseas acquisition.

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Kazakhstan Daily News Roundup - November 5, 2009

HEADLINES:

KazakhGold to invest $100 million in Kazakhstan in 2010
(SRI) - Kazakhstan-focused miner KazakhGold, recently acquired by Russian Polyus Gold, may invest up to $100 million to develop its mining assets in Kazakhstan, RIA Novosti reported citing KazakhGold Chief Operating Officer Alexey Teksler.

Transparency level in Kazakhstan lags behind Russia, Europe - S&P
(SRI) - In a report released in October, Standard & Poor’s said the transparency level is average for the largest public companies and weak for large non-public government-controlled companies.

BUSINESS AND ECONOMY:

Kazakhtelecom proposed bond issue rated BB (S&P)

National Bank of Kazakhstan: Exchange rates November 5, 2009 (Kazakhstan Today)

POLITICS:

President of Kazakhstan to visit to Italy, Vatican on Nov. 4-6 (RIA Novosti)

SOCIETY:

Kazakhstan investigates opposition paper’s printer (Reuters)

Mongolia: Ethnic Kazakhs eye land of opportunity to the west (EurasiaNet)

Kazakhstan to start testing domestic swine flu vaccine (RIA Novosti)

REGIONAL:

Ashgabat hosts Caspian Sea meeting (EurasiaNet)

Kazakhstan Politics Roundup - November 5, 2009

President of Kazakhstan to visit to Italy, Vatican on Nov. 4-6 (RIA Novosti)

Kazakhstan Society Roundup - November 5, 2009

Kazakhstan investigates opposition paper’s printer (Reuters)

Mongolia: Ethnic Kazakhs eye land of opportunity to the west (EurasiaNet)

Kazakhstan to start testing domestic swine flu vaccine (RIA Novosti)

Kazakhstan Business and Economy Roundup - November 5, 2009

Transparency level in Kazakhstan lags behind Russia, Europe - S&P (SRI)

Kazakhtelecom proposed bond issue rated BB (S&P)

National Bank of Kazakhstan: Exchange rates November 5, 2009 (Kazakhstan Today)

Kazakhstan Regional News Roundup - November 5, 2009

Ashgabat hosts Caspian Sea meeting (EurasiaNet)

Transparency level in Kazakhstan lags behind Russia, Europe - S&P

(SRI) - In a report released in October, Standard & Poor’s said the transparency level is average for the largest public companies and weak for large non-public
government-controlled companies.

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Kazakhtelecom proposed bond issue rated BB - S&P

(Standard & Poor’s) - Standard & Poor’s Ratings Services said it had assigned its ‘BB’ local currency senior unsecured debt rating to the proposed KZT45.5 billion (about $300 million) bond to be issued by Kazakhtelecom.

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