Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – September 8, 2011 0

Posted on September 08, 2011 by Alex

HEADLINES:

Kazakhstan to shun Morgan Stanley, Goldman Sachs in “people’s IPO” program
(SRI) – The National Bank of Kazakhstan will not allow investment banks Morgan Stanley and Goldman Sachs to bid on advisory contracts as the Kazakh government is moving forward to select banks to manage the individual listings of the so-called “people’s IPO”, Bloomberg reported on Wednesday.

Karachaganak dispute could be solved within a month – Kulibayev
(SRI) – Timur Kulibayev, head of the state-owned holding and investment company Samruk-Kazyna, said on Wednesday the Karachaganak oil field dispute could be resolved within one month, the Kazakhstan-Novosti news agency reported.

BUSINESS AND ECONOMY:

Central bank to buy up entire Kazakh gold output until 2014-15 (SRI)

Kazakhstan to add BRIC currencies to diversify its foreign reserves (SRI)

Egypt buys Kazakh wheat at tender (SRI)

On the move: Atameken Union (SRI)

Real estate transactions jump 15.2% in August (SRI)

Outflow of speculative capital from Kazakhstan reached $3 billion this summer – central bank(SRI)

RESMI Group sells Respublika Pension Fund to a group of private investors (SRI)

Kazakhstan to boost railway equipment manufacturing to KZT300 billion by 2015 (SRI)

Indicators – September 7, 2011 (Reuters)

POLITICS:

Kulibayev reiterates intention to stay clear of politics (SRI)

Playing language issue as a political card unacceptable – Nur Otan (Interfax)

Majilis deputy Alzakov demands urgent measures to tackle religious extremism (Interfax)

REGIONAL:

Tethys loses bid for Afghan oil blocks to Chinese state-owned oil company (Proactive Investors)

Global Insider: South Korea-Central Asia relations (World Politics review)

SOURCE: http://silkroadintelligencer.com/2011/09/08/kazakhstan-daily-news-roundup-september-8-2011/

Kazakhstan Daily News Roundup – December 8, 2010 0

Posted on December 08, 2010 by KazCham

HEADLINES:

Central bank to support managed float for tenge in 2011
(SRI) – The National Bank of Kazakhstan would support the return of the tenge currency to a managed float next year and the removal of its current trading corridor, the central bank’s chairman, Grigoriy Marchenko, said on Tuesday.

First Quantum sues ENRC over Congolese mining project
(SRI) – Canada-based First Quantum Minerals Ltd. on Friday launched a $2-billion lawsuit against Kazakhstan’s Eurasian Natural Resources (ENRC), related to a disputed purchase of a copper and cobalt project in the Congo, wire services reported.

Kashagan to begin commercial production in 2012 – Mynbayev (SRI)

BUSINESS AND ECONOMY:

Kazakhstan’s foreign reserves decrease 0.6% in November (SRI)

ATF Bank reports $175-million loss in Jan-Sep (SRI)

Kazakh government approves documents on Common Economic Space (Itar-Tass)

Kazakh president approves state budget for 2011-2013 (Interfax)

National Bank of Kazakhstan: Exchange rates December 8, 2010 (Kazakhstan Today)

Indicators – December 7, 2010 (Reuters)

METALS AND MINING:

Renaissance Capital sues ENRC subsidiary Camec over $14 million deal advice fee (Bloomberg)

Orsu Metals reports progress on Karchiga project feasibility study (Marketwire)

SOCIETY:

Kazakhstan’s president for life asks for more life (CBS News)

SOURCE: http://silkroadintelligencer.com/2010/12/08/kazakhstan-daily-news-roundup-december-8-2010/

Kazakhstan Daily News Roundup – October 28, 2010 0

Posted on October 28, 2010 by KazCham

HEADLINES:

Kazakhstan to levy new $1.2 billion tax claims against Karachaganak venture
(SRI) – Kazakhstan is considering new tax tax claims totaling $1.2 billion against Karachaganak Petroleum Operating (KPO), the Western-led joint venture developing the Karachaganak gas condensate field in western Kazakhstan, Reuters reported on Wednesday, citing a Kazakh official.

Kazakh, Georgian banks more attractive than Russian peers
(bne) – Banks from the former Soviet republics are out performing their Russian rivals, according to a report from VTB Capital. VTB’s top pick from the region is Bank of Georgia, but Kazakhstan’s Halyk Bank and Kazkommertsbank (KKB) are also interesting and trading at a discount to their Global Emerging Markets (GEM) peers.

KazakhGold abandons reverse takeover deal
(SRI) – KazakhGold said on Tuesday it had temporarily abandoned the deal to take over its Russian parent Polyus Gold amid opposition from the Kazakh government.

ENERGY:

Kazakhstan can use pipelines bypassing the Bosporus and Dardanelles – Nazarbayev (Interfax)

Areva presents to Kazakh president a project for construction of a fuel assembly plant (Interfax)

BUSINESS AND ECONOMY:

Central bank to keep refinancing rate at 6-8% until 2015 (SRI)

Kazkommertsbank seeks re-entry into post-crisis Eurobond fold (Financial Times – Mergermarket)

Kazakhs approve 2011 budget with 2.8% deficit (Bloomberg)

France Kazakhstan trade deal (euronews)

Eurocopter signs two strategic agreements with Kazakhstan (defpro)

National Bank of Kazakhstan: Exchange rates October 28, 2010 (Kazakhstan Today)

Indicators – October 27, 2010 (Reuters)

METALS AND MINING:

Frontier Mining close to production (Investors Chronicle)

Central Asia Resources hits shallow gold including 15m at 8.1g/t in Kazakhstan (Proactive Investors)

POLITICS:

Kazakh President and NATO Secretary General discuss cooperation (Interfax)

Kazakh President and European Commission President sign several bilateral agreements (Interfax)

Kazakh politician gets egg on his face for irking nationalists (EurasiaNet)

Kazakhstan to invest $50 million into Afghanistan’s education program (Itar-Tass)

SOURCE: http://silkroadintelligencer.com/2010/10/28/kazakhstan-daily-news-roundup-october-28-2010/

Kazakhstan Daily News Roundup – October 26, 2010 0

Posted on October 26, 2010 by KazCham

HEADLINES:

Kazkommertsbank registers $2-billion debt issue; at risk of breaching debt covenant
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank, has gained UK approval for issuing debt worth up to $2 billion, the bank said in a disclosure statement on the London Stock Exchange Group website on Monday.

Shell cuts second phase Kashagan development costs by $18 billion – newspaper
(SRI) – Royal Dutch Shell Plc has cut the projected cost of the second phase of the Kashagan oil field development program from $68 billion to $50 billion, The Daily Telegraph reported on Monday, citing a senior Kazakh official.

Central bank buys $2.7 billion on open market in 2010 – Marchenko
(SRI) – The National Bank of Kazakhstan has bought $2.7 billion on the foreign exchange market since the beginning of the year, the bank’s chairman Grigoriy Marchenko said on Monday.

ENERGY:

KazMunaiGas EP output declines as workers down tools after heroin arrest (Bloomberg)

S&P upgrades Zhaikmunai to B (SRI)

Tethys Petroleum receives state approval for oil reserves at Doris discovery in Kazakhstan (Proactive Investors)

Kazakhstan to build $16-million wind power plant (Interfax)

BUSINESS AND ECONOMY:

Kazakhstan to invest $5.4 billion in industrialization in 2011 (SRI)

Lockheed Martin signs $50-million contract with Kazaeronavigatsia (SRI)

Kazakhstan GDP up 7.5% yr/yr in Jan-Sept (Reuters)

EDB to finance Kazakh grain exports to neighboring countries (Interfax)

French-Kazakh company to assemble Eurocopter helicopters at Astana? (AvioNews)

National Bank of Kazakhstan: Exchange rates October 26, 2010 (Kazakhstan Today)

Indicators – October 25, 2010 (Reuters)

POLITICS:

Kazakhstan’s presidential race heats up – two years early (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2010/10/26/kazakhstan-daily-news-roundup-october-26-2010/



↑ Top