Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – August 9, 2011 0

Posted on August 08, 2011 by KazCham

ENERGY:

KazMunaiGas raises $1-billion syndicated loan (SRI)

Kazakhstan increases uranium output in H1 (SRI)

Max Petroleum makes new oil discovery in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA reshuffles management amid performance worries
(SRI) – BTA Bank is set to replace chairman Arman Dunayev with CEO Anvar Saidenov as it tries to improve performance, Bloomberg reported last week, citing two sources familiar with the decision.

On the move: Kazkommertsbank (SRI)

Sberbank to issued $684-million worth of debt by 2012 (SRI)

Inditex to buy out its franchises in Kazakhstan (SRI)

Fitch withdraws ratings of Astana Finance and Astana Finance Leasing (Fitch)

Kazakhstan to produce 18-20 million tonnes of grains in 2011 – Nazarbayev (Interfax)

Indicators – August 8, 2011 (Reuters)

METALS AND MINING:

ENRC Q2 ferrochrome up, running at full capacity (Reuters)

ArcelorMittal Temirtau in $150 mln furnace upgrade (Reuters)

Polyus has 3 million ounces of gold in Kazakhstan, Romania (Bloomberg)

Frontier Mining: Three directors boost holdings in firm (Proactive Investors)

POLITICS AND SECURITY:

Kazakhstan returns prisons to tough Interior Minsitry control after riots and breakouts (The Telegraph)

Kazakhstan makes ‘quantum leap’ in its EU relations (TheParliament)

Kazakhstan launches Steppe Eagle exercises (Trend)

SOCIETY:

Is state-sponsored hacking curbing Internet freedom? (EurasiaNet)

REGIONAL:

Turkmenistan sets presidential vote for February 12 (AFP)

Central Asia’s 10 most influential (and connected) women (RFE/RL)

Kazakh bid for more Kyrgyz water comes up dry (RFE/RL)

Tajikistan bans youth from mosques (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/09/kazakhstan-daily-news-roundup-august-9-2011/

Kazakhstan Daily News Roundup – July 8, 2011 0

Posted on July 07, 2011 by KazCham

Samruk-Kazyna will inject cash into BTA Bank if needed – executive

(SRI) – Kazakhstan’s state-owned holding and investment company Samruk-Kazyna will inject cash into BTA Bank if the lender requires financing to avoid a second default, Bloomberg reported on Thursday, citing deputy CEO Aidan Karibzhanov.

KMG EP blames strikes, power cuts for fall in H1 production
(SRI) – KazMunaiGas Exploration Production (KMG EP) blamed emergency power cuts and strikes at its major producing fields for a 3% year-on-year fall in crude oil output in the first half of this year.

ENERGY:

CPC exports down 4.4% in H1 (SRI)

Kazakhstan, Russia to invest $1 billion to upgrade power plant (SRI)

Integra sets up geophysical surveys at Lake Zaisan in Kazakhstan (OilVoice)

Tethys announces pre-acidized flow rate of 520 bpd at AKD05 Doris well (Proactive Investors)

KMG EP calls for unbiased attitude to ongoing industrial action (Interfax)

BUSINESS AND ECONOMY:

Astana Finance settles arbitration proceedings with Barclays (SRI)

Central bank to buy stake in State Pension Fund from EBRD – Marchenko (SRI)

Kazakhstan’s foreign reserves decline by 1.9% in June – central bank (SRI)

Metrokombank raises capital to fulfill requirements (SRI)

Current account grows 58% in Q1 – central bank (SRI)

Kazakhstan to increase financing of science (Interfax)

Indicators – July 7, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal sees Kazakh unit buoyed by CIS demand (Reuters)

POLITICS AND SECURITY:

Kazakhstan is safe from Islamist revolution (The Moscow Times)

Suspects in the murder of policemen identified as members of radical Islam sect – media(Interfax)

87 candidates to vie for 16 seats in the Senate (Interfax)

SOCIETY:

Bringing Kazakh drylands back to life (World Bank Group)

SOURCE: http://silkroadintelligencer.com/2011/07/08/kazakhstan-daily-news-roundup-july-8-2011/

 

Kazakhstan Daily News Roundup – April 28, 2011 0

Posted on April 28, 2011 by KazCham

Kazkommertsbank to issue Eurobond in May
(SRI) – Kazakhstan’s largest lender, Kazkommertsbank, plans to issues medium-term dollar-denominated debt after May 2, the bank said in a statement on Wednesday.

Alliance in talks with EBRD about possible stake sale
(SRI) – Alliance Bank, Kazakhstan’s sixth-largest lender by assets, confirmed on Wednesday that it was holding talks with the European Bank for Reconstruction and Development (EBRD) about the possible sale of a stake in the bank.

ENERGY:

MIE Holdings to issue notes to fund Kazakh acquisition (SRI)

Max Petroleum signs drilling rig contract with Saipem (SRI)

BUSINESS AND ECONOMY:

Alliance Bank says capital shortage owes to accounting systems
(Bloomberg) – State-controlled Alliance Bank, Kazakhstan’s sixth-largest lender by assets, said a KZT105 billion ($722 million) capital shortfall noted by auditors resulted from discrepancies in accounting standards.

Planned bad-loan fund could issue bonds worth $1 billion – Marchenko
(SRI) – A planned bad-loan fund may issue bonds worth KZT150 billion ($1.03 billion) to buy unsecured non-performing assets from Kazakhstan’s banks, central bank chairman Grigoriy Marchenko said on Wednesday.

Cash squeeze threatens bounce in Kazakh wheat crop (Agrimoney.com)

Indicators – April 27, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal Kazakh mine fire forces evacuation of 319 workers (Bloomberg)

Frontier Mining restarts operations at Koskuduk early due to good weather (Proactive Investors)

POLITICS:

India courts a distant Kazakhstan (World Politics Review)

Shanghai Cooperation Organization ministers to meet in Kazakhstan (RIA Novosti)

REGIONAL:

China lends Turkmenistan $4 billion for gas field

(AFP) – Energy hungry China has given Turkmenistan a loan of $4.1 billion (three billion euros) to develop a gas field and boost exports, the state gas company Turkmengaz said Tuesday.

SOURCE: http://silkroadintelligencer.com/2011/04/28/kazakhstan-daily-news-roundup-april-28-2011/

Kazakhstan Daily News Roundup – April 20, 2011 0

Posted on April 20, 2011 by KazCham

ENERGY:

CPC shareholders agree to launch Expansion Project construction (Trend)

BUSINESS AND ECONOMY:

Kazakhstan to manage stakes in failed lenders via new vehicle
(Bloomberg) – Kazakhstan will consolidate state stakes in BTA Bank, Temirbank and Alliance Bank, three of the four Kazakh lenders that defaulted in 2009, in a new management company, central bank Chairman Grigoriy Marchenko said.

Kazakh tenge gain may not slow inflation – central bank
(Bloomberg) – A stronger currency doesn’t necessarily help slow inflation in countries like Russia and Kazakhstan, according to Grigoriy Marchenko, governor of the National Bank of Kazakhstan.

Kazakhstan urges Russia, Belarus to coordinate currency policies
(Bloomberg) – Kazakhstan urged Russia and Belarus to align currency policies between the three members of a customs union and avoid “sharp, unilateral” devaluations.

Kazakhstan open to discuss turning Baikonur Space Center into joint stock company (RIA Novosti)

Kazakhstan to increase annual financing of geological exploration to KZT40 billion (Interfax)

All projects receiving state support to undergo local content expertise from 2012 (Interfax)

Turkey’s Aselsan to set up plant in Kazakhstan (Trend)

Indicators – April 19, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal Kazakh unit plans $900-million investment
(Reuters) – ArcelorMittal, the world’s largest steelmaker, plans to invest nearly $900 million by 2015 to upgrade its Temirtau plant in Kazakhstan, a company official said.

Workers at Kazakh copper giant go on strike (RFE/RL)

POLITICS:

Kazakhstan makes real progress toward democracy (The Hill)

Kazakh President Nazarbayev sets off for official visit to Estonia (RIA Novosti)

Kazakhstan Daily News Roundup – December 3, 2010 0

Posted on December 03, 2010 by KazCham

Kazakhstan Daily News Roundup – December 3, 2010

HEADLINES:

No plans to revise oil and gas contract as long as oil majors honor commitments – PM
(SRI) – Prime Minister Karim Masimov denied that Kazakhstan plans to revise oil and gas contracts it signed with international oil companies in the 1990’s, as long as the oil majors honor their commitments.

OSCE fails to gain powers as old conflicts smolder
(Reuters) – Unresolved conflicts across the former Soviet Union thwarted attempts by Europe’s main security watchdog to adopt new powers on Friday, sending world leaders home empty-handed from the first OSCE summit in over a decade.

ENERGY:

CPC pipeline November exports down 9.5% year-on-year (SRI)

Kazakhstan’s role as a nuclear leader (PennEnergy)

BUSINESS AND ECONOMY:

PromMashKomplekt to launch a $64-million project to manufacture track switches and railway wheels (Interfax)

National Bank of Kazakhstan: Exchange rates December 3, 2010 (Kazakhstan Today)

Indicators – December 2, 2010 (Reuters)

METALS AND MINING:

ArcelorMittal slows Kazakh furnaces after power cut (Bloomberg)

Russia’s Evraz to build steel mills in Kazakhstan, Russia (Reuters)

REGIONAL:

U.S. seeks support for Kyrgyz base, offers fuel deal (Reuters)

Turkmenistan signals readiness for Nabucco (CACI Analyst)

SOURCE: http://silkroadintelligencer.com/2010/12/03/kazakhstan-daily-news-roundup-december-3-2010/



↑ Top