Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – August 2, 2011 0

Posted on August 01, 2011 by KazCham

Kazakhstan Daily News Roundup – July 19, 2011 0

Posted on July 19, 2011 by KazCham

ON THE MOVE:

On the move: Max Petroleum, Kar-Tel (SRI)

ENERGY:

Kazakhstan to be self sufficient in fuel production by 2015 – PM (SRI)

Roxi Petroleum secures two year extension to BNG contract (Proactive Investors)

Anti-Monopoly Agency launches administrative cases against KazMunaiGas, Helios (Interfax)

BUSINESS AND ECONOMY:

Air Astana reports “satisfactory” results despite rising fuel costs (SRI)

GSM Kazakhstan to invest $185 million in network development (SRI)

EBRD to fund grant for advisory support of concessionary road project (SRI)

Indicators – July 18, 2011 (Reuters)

METALS AND MINING:

ENRC completes Kazakhstan alumina expansion (SRI)

ArcelorMittal Temirtau production up in H1 (SRI)

Thyssen Krupp to build electrolytic manganese metal plant in Kazakhstan – Kazinform (SRI)

Central Asia Metals targets 20,000-tonne copper output by 2014 (Bloomberg)

POLITICS AND SECURITY:

Kazakhstan seeks to expedite former official’s extradition from Austria (RFE/RL)

Kazakhstan looks for enhanced EU links (New Europe)

IN SHORT :

The number of real estate transactions increased by 12% year-on-year in the first half 2011, the State Statistics Agency reported last week. The number of transactions in Almaty and Astana, in contrast, was nearly flat, down 0.1% in Almaty and up 1.5% in Astana.

Kazakhstan and Russia plan to build a new space launch complex called Baiterek by 2017, Interfax reported, citing Vladimir Popovkin, head of the Russian Space Agency. The new complex will be located on the territory of the Baikonur cosmodrome.

South Korean President Lee Myung-bak will make an official visit to Kazakhstan in August, the Ministry of Transport and Communications said last week in a statement.

Kazakhstan has officially recognized South Sudan as an independent sovereign state, the Ministry of Foreign Affairs said last week.

SOURCE: http://silkroadintelligencer.com/2011/07/19/kazakhstan-daily-news-roundup-july-19-2011/

 

Kazakhstan Daily News Roundup – May 6, 2011 0

Posted on May 06, 2011 by KazCham

HEADLINES:

Kazkommertsbank launches $750-million Eurobond
(SRI) – Kazkommertsbank, Kazakhstan’s largest lender, has opened the order book for a $750-million Eurobond issue with a maturity of up to seven years, its subsidiary and organizer of the issue, Kazkommerts Securities, said on Thursday.

Government to present “people’s IPO” plan by June 1 – PM
(SRI) – Kazakhstan’s government will present a concrete plan for the implementation of the planned “people’s IPO” By June 1, Prime Minister Karim Masimov wrote on his blog on Thursday.

ENERGY:

KazMunaiGas EP approves KZT800 dividend
(Reuters) – KazMunaiGas Exploration Production’s shareholders have approved a dividend of KZT800 per share for 2010, the highest since the oil company was floated in 2006.

BUSINESS AND ECONOMY:

EBRD to invest $1 billion in Kazakhstan in 2011- Finance Minister (SRI)

Air Astana leases three aircraft from ALC (SRI)

Sberbank Kazakhstan triples Q1 income (SRI)

Kazakhstan: Russia pressing for clean-up at China border crossing (EurasiaNet)

Kazakhstan to strengthen economic partnership with EU (Interfax)

Indicators – May 5, 2011 (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/05/06/kazakhstan-daily-news-roundup-may-6-2011/

Kazakhstan Daily News Roundup – April 22, 2011 0

Posted on April 22, 2011 by KazCham

ENERGY:

Karachaganak dispute to be settled by H1 – minister
(SRI) – Kazakhstan hopes to settle the long-running dispute with the operators of the Karachaganak gas condensate field in the first half of this year, Oil and Gas Minister Sauat Mynbayev told reporters on Thursday.

Karachaganak partners pay $773 million in export duty
(SRI) – Karachaganak Petroleum Operating (KPO), the Western-led consortium developing the Karachaganak gas condensate field in western Kazakhstan, paid $773 million in export duties in 2008-2010, Oil and Gas Minister Sauat Mynbayev said.

KMG EP completes $164-million Ural Group acquisition (SRI)

Kazakhstan oil refining down 10.4% in January-March (Interfax – Kyiv Post)

BUSINESS AND ECONOMY:

BTA posts profit for third straight quarter; bonds fall by record (Bloomberg)

Air Astana to fly to Tbilisi and Samara in 2011 (Interfax)

National Bank of Kazakhstan: Exchange rates April 22, 2011 (Kazakhstan Today)

Indicators – April 21, 2011 (Reuters)

REGIONAL:

Uzbekistan says signs China deals worth $5 billion (Reuters)

Uzbek rappers to turn more humane, patriotic – official (AFP)

Kyrgyz MPs sacrifice rams to banish “evil spirits” (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/04/22/kazakhstan-daily-news-roundup-april-22-2011/

Kazakhstan Daily News Roundup – February 14, 2011 0

Posted on February 13, 2011 by KazCham

HEADLINES:

KEGOC, Samruk-Energo, Kazpost to launch “people’s IPO” – Nazarbayev
(SRI) – Kazakh president Nursultan Nazarbayev instructed his government to prepare state-owned Samruk-Energo, Kazakhstan Electricity Grid Operating Company (KEGOC), and Kazpost for domestic initial public offerings by the end of the year as part of the so-called “people’s IPO.”

BTA to list shares in Luxemburg, on KASE
(SRI) – BTA, Kazakhstan’s third-largest bank, intends to list around 16% of its shares in Luxembourg in the form of global depositary receipts (GDRs) within the next two or three months, Reuters reported on Friday, citing a BTA spokeswoman.

Kazakhmys plans $6-billion investment program
(SRI) – Kazakh copper miner Kazakhmys plans to spend $6 billion over the next three to four years to upgrade its metal plants and develop energy and mining projects, the company’s chairman Vladimir Kim said on Friday.

BUSINESS AND ECONOMY:

Air Astana plans new international routes Aktau-Istanbul and Aktau-Amsterdam (TREND)

National Bank of Kazakhstan: Exchange rates February 12-14, 2011 (Kazakhstan Today)

Indicators – February 11, 2011 (Reuters)

METALS AND MINING:

MPs urge tighter rules after ENRC’s Africa mine deal (Telegraph)

Sunkar seeks partners (Growth Company Investor)

POLITICS:

The Kazakhstan election puzzle (Global Post)

Kazakhstan opposition to boycott presidential polls (AFP)

U.S. helps secure Kazakhstan’s Soviet-era nuclear stock (UPI)

SOURCE: http://silkroadintelligencer.com/2011/02/14/kazakhstan-daily-news-roundup-february-14-2011/

Kazakhstan Daily News Roundup – December 9, 2010 0

Posted on December 09, 2010 by KazCham

HEADLINES:

Polyus Gold reaches agreement with former KazakhGold owners, sells back assets
(SRI) – Polyus Gold, Russia’s largest gold producer, said on Wednesday it had sold the main production assets of its KazakhGold subsidiary back to the original owners of the unit, the Assaubayev family, for $509 million in cash.

Russia, Kazakhstan eye missile warning system work – sources
(Reuters) – Russia and Kazakhstan are looking to cooperate on a ballistic missile early warning system and Moscow is planning to sell Astana its S-300 defense missile system, Russian agency Itar-Tass reported Wednesday.

Sberbank to expand loan portfolio by 40% in 2011 – CEO
(SRI) – The Kazakh subsidiary of Russia’s largest bank, Sberbank, aims to expand its loan portfolio by 40% next year as Kazakhstan’s economy heads for recovery, Oleg Smirnov, the bank’s CEO, told Reuters on Wednesday.

ENERGY:

Kazakhstan and Kyrgyzstan reach landmark electricity deal (SRI)

Oil export duty brought Kazakhstan KZT86 billion in August-November – Ministry of Finance (Interfax)

Kazakh companies to enjoy Russia’s and Belarus’s domestic tariffs on railway and oil pipeline transportation in 2013 (Interfax)

BUSINESS AND ECONOMY:

Halyk Finance to accept applications for Development Bank of Kazakhstan Eurobond issue (SRI)

Air Astana boosts long haul services to Asia (eTravel Blackboard)

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

Indicators – December 8, 2010 (Reuters)

SOURCE: http://silkroadintelligencer.com/2010/12/09/kazakhstan-daily-news-roundup-december-9-2010/

Kazakhstan Daily News Roundup – November 18, 2010 0

Posted on November 18, 2010 by KazCham

HEADLINES:

Air Astana to spend $500 to expand fleet by 2015
(SRI) – Air Astana, Kazakhstan’s flag carrier, plans to spend $500 million by 2015 to expand its fleet of aircraft, the airline’s president Peter Foster said on Wednesday.

Former KazakhGold owners start new bank
(SRI) – Credit Altyn Bank, a new lender affiliated with the Assaubayev family, has begun its activities on Monday, Kazakhstan-Novosti reported.

World Bank to lend $78 million to improve electricity supply in southern Kazakhstan
(SRI) – The World Bank plans to lend $78 million to the Kazakhstan Alma Electricity Transmission Project to expand the capacity of the Almaty region transmission network, the lender said in a statement.

ENERGY:

Shymkent refinery resumes operation after scheduled repairs (SRI)

Zhaikmunai: successful test of new well #115 (Marketwire)

BUSINESS AND ECONOMY:

National Bank of Kazakhstan: Exchange rates Novembver 18, 2010 (Kazakhstan Today)

Indicators – November 17, 2010 (Reuters)

POLITICS:

Kazakhstan completes move, storage of nuclear stash (NPR)

Kazakhstan’s golden cradle to authoritarian rule (RFE/RL)

Former chairman of Civil Aviation Committee arrested for stealing public funds (Interfax)

U.S. air transit to Afghanistan through Kazakhstan to be commercial – MFA (Interfax)

SOCIETY:

Livejournal in Kazakhstan unblocked after two years of filtering (Global Voices)

REGIONAL:

Turkmenistan spends big and harbors Olympic dreams (AP)

Ousted Kyrgyz leader tried for protest deaths (AP)

SOURCE: http://silkroadintelligencer.com/2010/11/18/kazakhstan-daily-news-roundup-november-18-2010/

Kazakhstan Daily News Roundup – November 1, 2010 0

Posted on November 01, 2010 by KazCham

HEADLINES:

Kazakhstan should allow more exchange rate flexibility – IMF
(SRI) – Kazakhstan should move toward a more flexible exchange rate for its tenge currency as the country embarks on a road to economic recovery, the International Monetary Fund (IMF) said last week.

Kazatomprom, Areva form joint venture to produce nuclear fuel
(SRI) – Kazakhstan’s state-owned uranium producer Kazatomprom said last week it had signed an agreement with France’s Areva, the world’s largest builder of atomic power plants, to create a joint venture for nuclear fuel production to be used in reactors in Asia by 2014.

ENERGY:

Max Petroleum finds potential pay zones in Kazakhstan (Oil and Gas Eurasia)

KazMunaiGas plans to produce nearly 1 million cubic meters of gas at Urikhtau field in 2017(Interfax)

Problems with resources to fill Beyneu-Bozoy pipeline resolved – Oil Ministry (Interfax)

BUSINESS AND ECONOMY:

Kazakhstan to beat 2010 growth forecast – IMF (AFP)

ATF Bank repays $200-million Eurobond (SRI)

PNB awaits regulatory nod for acquisition of Kazak bank (livemint.com)

Kazakh Anti-Monopoly Agency sues mobile operators over inflated roaming tariffs (Interfax)

Air Astana announces changes to regular flights to UAE (AME Info)

National Bank of Kazakhstan: Exchange rates October 30 – Novembver 1, 2010 (Kazakhstan Today)

POLITICS:

Human rights take back seat as Kazakh leader woos Europe (EurasiaNet)

Kazakh opposition party leader in tax evasion probe (RFE/RL)

Kazakhstan’s first warship to be launched on Caspian Sea in 2012 (APA)

SOURCE: http://silkroadintelligencer.com/2010/11/01/kazakhstan-daily-news-roundup-november-1-2010/

Kazakhstan Daily News Roundup – August 26, 2010 0

Posted on August 26, 2010 by KazCham

HEADLINES:

Karachaganak stake sale talks to conclude in weeks – Eni
(SRI) – Karachaganak Petroleum Operating (KPO), the Eni- and BG-led consortium of oil companies developing the Karachaganak field, is currently in talks with Kazakhstan to finalize the sale of a stake in the project, Eni CEO Paolo Scaroni said on Wednesday.

Samruk-Kazyna files claim against BTA over loans
(SRI) – Samruk-Kazyna, Kazakhstan’s state-owned holding and investment company, filed a claim in a Kazakh court against BTA Bank and “some of its creditors” over $300 million in transactions, BTA said on Wednesday.

U.S. judge rejects BTA Bank’s bid to stop lawsuit (SRI)

BUSINESS AND ECONOMY:

Samruk-Kazyna files claim against BTA over loans (SRI)

STX Group to build two icebreakers for Kazakh company (SRI)

Moody’s affirms Halyk Bank’s Ba2/D- ratings (Moody’s)

Former Ministry of Trade official named new head of Kazakhstan Investment Fund (SRI)

Living in fear in London: the exiled Kazakh banker accused of $2 billion fraud (Evening Standard)

Kazakhstan’s GDP to grow 5% in 2010 – Economic Development Ministry (Interfax)

Kazakhstan to supply feed grains to Tatarstan (Interfax)

Air Astana reports strong performance during first half 2010 (eTravel Blackboard)

SOCIETY:

Kazakh circus owner leaves lion in van overnight (SRI)

SOURCE: http://silkroadintelligencer.com/2010/08/26/kazakhstan-daily-news-roundup-august-26-2010/



↑ Top