Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – May 31, 2011

Posted on May 30, 2011 by KazCham

ANALYSIS:

Grigoriy Marchenko – Chairman of the National Bank
(SRI) – The nomination of Kazakhstan’s central bank chairman Grigoriy Marchenko to head the International Monetary Fund (IMF) has brought well deserved international recognition to Kazakhstan’s top banker.

Sberbank outlines conditions for BTA deal – Gref
(SRI) – Russia’s Sberbank has outlined the conditions under which it would be willing to acquire Kazakhstan’s BTA Bank, Sberbank’s head German Gref told the Russian business daily Kommersant.

Almaty metro nears end of line
(bne) – Almaty’s metro has become known locally as the “golden metro” because of the amount of money sunk into the project over the last two decades. After many false starts, trains are now being tested, and the latest date for its opening is December 2011.

ENERGY:

On the move: KEGOC
(SRI) – Bakytzhan Kazhiev has been appointed the new head of Kazakhstan Electricity Grid Operating Company (KEGOC), the national transmission grid operator.

Kazakhstan to keep cap tariffs for power stations after 2015 (Interfax)

BUSINESS AND ECONOMY:

BTA Bank’s bad loans may top original estimate – advisor
(Bloomberg) – BTA Bank, Kazakhstan’s biggest lender before its nationalization and default two years ago, may have underestimated its bad-loan total and may require more government aid or risks being broken up.

Indicators – May 30, 2011 (Reuters)

POLITICS:

Kazakh President’s family feud spills over into Washington (New York Times)

SOCIETY:

Hundreds of rare antelopes die in Kazakhstan (AFP)

 

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