2010 February 09 | Silk Road Intelligencer

Archive for February 9th, 2010

Kazakhstan Daily News Roundup - February 9, 2010

By SRI ⋅ February 9, 2010 ⋅ Post a comment

HEADLINES:

Kazakh lender BTA Bank files U.S. bankruptcy
(Reuters) - BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home.

Kazakh government struggles to help airlines off EU blacklist
(bne) - The relegation of all but one Kazakhstan-registered airline to the EU’s air safety blacklist was a blow to national pride as well as a setback for the air transport sector. The government is now working to have Kazakh airlines removed from the list by the end of this year.

Key risks to Kazakh economic recovery
(Reuters) - Kazakhstan, the largest economy in Central Asia, is set for recovery after a bumpy 2009 in a process dependent on a number of external and domestic factors.

ENERGY:

First oil from Kashagan not far off - Kazakh energy minister (New Europe)

Tethys Petroleum shares hit high on Kazakhstan oil well update (Reuters)

Russia resumes oil flows to Kazakh refineries (Reuters)

Kazakh PM orders new oil tax rules to be drafted (Reuters)

Kazakh oil companies seek law amendments to avoid double taxation (Interfax)

BUSINESS AND ECONOMY:

Kazakh central bank says it won’t raise benchmark this quarter (Bloomberg)

Kazakh central bank won’t let tenge gain beyond 147.5 to dollar (Bloomberg)

Indian PNB buys control of Kazakhstan’s Danabank (Reuters)

Kazakhstan favors export cooperation with France (Interfax)

National Bank of Kazakhstan: Exchange rates February 9, 2010 (Kazakhstan Today)