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Kazakhstan Daily News Roundup – August 16, 2011

Posted on August 19, 2011 by Alex

BTA Bank reshuffles management
(SRI) – Kazakh lender BTA Bank has appointed Marat Zairov the new CEO, replacing Anvar Saidenov . Saidenov has been named chairman of the board of directors, the bank said in a statement on Monday.

ENERGY:

Caterpillar to provide generators for Kazakh section of Asian Gas Pipeline (SRI)

Max Petroleum: Drilling begins at the UTS-3 appraisal well at Block A, Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakhstan may raise official inflation target – central bank
(SRI) – The National Bank of Kazakhstan may raise its inflation target for 2011 from the current 6.0-8.0%, as consumer prices in the country are rising fueled by rapid economic growth and soaring commodity prices, the central bank said in a statement last week.

Kazakh H1 trade surplus grows to $28.3 billion (Reuters)

Indicators – August 15, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal Temirtau increases investment into coal division
(SRI) – ArcelorMittal Temirtau, the largest metallurgical enterprise in Kazakhstan, plans to invest $160 million into its coking coal division this year, up from $90 million in 2010, the company said in a statement on Monday, the Kazakhstan-Novosti news agency reported.

POLITICS AND SECURITY:

Kazakhstan’s Islamist threat? (The Diplomat)

CSTO informal summit opens in Astana (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/08/16/

 

 

 

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