business and economy

Kazakhstan Business and Economy Roundup - March 12, 2010

Five Kazakhs on Forbes billionaires list (SRI)

Fallen tycoons still rankle ruling elite (EurasiaNet)

Ablyazov had a chance to remain BTA Bank’s owner - Marchenko (Interfax)

All forex transactions over KZT7 million and transactions with property over KZT45 million in value now fall under financial control (Interfax)

EBRD helps rehabilitate water system in Kazakhstan (The Financial)

Indicators - March 11, 2010 (Reuters)

National Bank of Kazakhstan: Exchange rates March 12, 2010 (Kazakhstan Today)

Kazakhstan Business and Economy Roundup - March 11, 2010

Central bank buys $1.7 billion in February to slow currency rise (SRI)

Industrial output up 10 percent year-on-year in Jan-Feb (SRI)

Five Kazakh banks to pay higher fees after breaking deposit cap (Bloomberg)

Kazakhstan to introduce new co-financing scheme for regional projects (Interfax)

No plans to reconsider refinancing rate - central bank (Kazakhstan Today)

Kazakhstan to supply 600,000 tonnes of grains to South Korea (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates March 11, 2010 (Kazakhstan Today)

Kazakhstan Business and Economy Roundup - March 10, 2010

U.S. court grants Alliance Bank bankruptcy protection (SRI)

Kazakhstan’s foreign reserves rise 3.4 percent in February (SRI)

Moody’s downgrades Alfa-Bank Kazakhstan to B2 from Ba3, stable outlook (Moody’s)

Kazakh president approves new standards for central bank’s state services (Interfax)

Kazakh ruling party Nur Otan uncertain over health reforms (Interfax)

Kazakhstan to monitor any transactions over KZT1 million in value (Interfax)

Kazakhstan to keep the status of the world leader of flour exports (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates March 10, 2010 (Kazakhstan Today)

Moody’s downgrades Alfa-Bank Kazakhstan to B2 from Ba3, stable outlook

(Moody’s) - Moody’s Investors Service downgraded Alfa-Bank Kazakhstan’s (ABK) local and foreign currency bank deposit ratings to B2 from Ba3.

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Kazakhstan Business and Economy Roundup - March 9, 2010

ATF Bank issues $102 million domestic debt (SRI)

Terex keen to participate in infrastructure projects in Kazakhstan (Interfax)

National Bank of Kazakhstan: Exchange rates March 6-9, 2010 (Kazakhstan Today)

Kazakhstan Business and Economy Roundup - March 5, 2010

U.S. court grants BTA bankruptcy protection (SRI)

Samruk-Kazyna to support Astana Finance (SRI)

Kazakh economy may grow 1.5 percent in 2010, government says (Bloomberg)

Fugitive Kazakh banker detained in Moscow (RFE/RL)

Majilis ratifies Baikonur agreement (SRI)

Kazakhstan invites Finland to cooperate in high technologies and scientific research (Interfax)

National Bank of Kazakhstan: Exchange rates March 5, 2010 (Kazakhstan Today)

Majilis ratifies Baikonur agreement

(SRI) - Majilis, the lower house of Kazakhstan’s parliament, ratified an agreement on Russia’s use of the Baikonur Cosmodrome on Wednesday, the Kazinform news agency reported.

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U.S. court grants BTA bankruptcy protection

(SRI) - A U.S. bankruptcy court granted BTA Bank protection from U.S. creditors so that it may complete the restructuring of its $11.6-billion debt, Reuters reported.

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Samruk-Kazyna to support Astana Finance

(SRI) - Astana Finance said on Wednesday it had signed a Memorandum of Understanding (MoU) with the state holding and investment company Samruk Kazyna, as it works to restructure its $1.7-billion debt.

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Kazakhstan Business and Economy Roundup - February 4, 2010

Kazakh central bank mulls raising refinancing rate (SRI)

Foreign reserves up in February - Marchenko (SRI)

Kazakh companies wary of import costs, Russian rivals (Bloomberg)

Romania, Kazakhstan to extend cooperation, include energy projects (Nine O’Clock)

Russia, Kazakhstan trade turnover decreases due to crisis – Putin (Itar-Tass)

Kazakhstan says Russian Proton launches to continue for now (RIA Novosti)

National Bank of Kazakhstan: Exchange rates March 4, 2010 (Kazakhstan Today)

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