Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – March 10, 2011 0

Posted on March 10, 2011 by KazCham

SOURCE: http://silkroadintelligencer.com/2011/03/10/kazakhstan-daily-news-roundup-march-10-2011/

ENERGY:

Uranium One posts Q4 net loss on write-down; shares fall (Reuters)

BMB Munai announces note restructure (PR Newswire)

BUSINESS AND ECONOMY:

Kazakhstan raises key refinancing rate
(SRI) – The National Bank of Kazakhstan raised with immediate effect its key refinancing rate by 50 basis points to 7.5% on Wednesday, the first revision of the rate in 18 months.

Development Bank of Kazakhstan accuses Kazakhstan Kagazy of debt misuse
(SRI) – The Development Bank of Kazakhstan (DBK) accused two subsidiaries of Kazakhstan Kagazy of misusing $10 million from a $70-million loan provided by the bank, it said in a statement last week.

Kazakhstan’s foreign reserves grow 6.1% in February (SRI)

Kazakhstan says foreigners invested $1.55 billion in currency (Bloomberg)

Etihad signs codesharing deal with Air Astana (Khaleej Times)

Reports on secret agreements between Astana and Beijing not true – MFA (Interfax)

Indicators – March 9, 2011 (Reuters)

METALS AND MINING:

Frontier Mining hopes Kazakhstan govt will rule on Coville deal in March or April (Proactive Investors)

Kazakhstan first silicon metal plant commissioned (Steel Guru)

POLITICS:

Kazakh celebrities launch drive to bring out vote (AP – Forbes)

Tony Blair’s interest in Kazakhstan (Financial Times – Westminster Blog)

Thoughts on Prince Andrew from his glamorous Kazakh friend (Financial Times – Westminster Blog)

What does Sunninghill Park’s Kazakh owner plan to do with the building? (Financial Times – Westminster Blog)

Kazakh president calls for more women in politics (RIA Novosti)

REGIONAL:

Turkmenistan won’t allow foreign firms into onshore gas production sharing deals (Reuters)

Obama, Kyrgyz leader in White House meeting (AFP)

Kazakhstan Daily News Roundup – March 1, 2011 0

Posted on March 01, 2011 by KazCham

SOURCE: SilkRoadIntelligencer.com

ENERGY:

Uzbekistan stealing electricity from Kazakh grid – KEGOC (SRI)

BUSINESS AND ECONOMY:

Kazakh central bank abandons trading corridor, moves to managed float
(SRI) – The National Bank of Kazakhstan has returned the tenge currency to a managed float on Monday, abandoning the trading corridor it had introduced in 2009 in response to a sharp devaluation.

Kazakhstan to draw list of companies for “people’s IPO” in two weeks (SRI)

Antonov examining proposal to assembly Russian-Ukrainian An-140 in Kazakhstan (Interfax)

National Bank of Kazakhstan: Exchange rates March 1, 2011 (Kazakhstan Today)

Indicators – February 28, 2011 (Reuters)

MINERAL RESOURCES:

ENRC to commission $50-million extra production line in April (Interfax)

Frontier Mining gets second $4 million loan tranche from HSBC (Proactive Investors)

POLITICS:

Nazarbayev posters off (AP – Moscow Times)

Kazakhstan Daily News Roundup – February 15, 2011 0

Posted on February 15, 2011 by KazCham

ENERGY:

Oil and gas production up in January – statistics agency (SRI)

Tethys Petroleum appoints new Deputy CEO (Proactive Investors)

BMB Munai agrees to sell operating subsidiary Emir Oil (PR Newswire)

BUSINESS AND ECONOMY:

Kazakh economy grows by 7% in 2010 – statistics agency (SRI)

Kazakhstan 2010 trade surplus doubles to $29.5 billion (Reuters)

Average wage grows by 14.2% in 2010 (SRI)

National Bank of Kazakhstan: Exchange rates February 15, 2011 (Kazakhstan Today)

Indicators – February 14, 2011 (Reuters)

METALS AND MINING:

Kazakhmys chairman to keep stake, mulls HK listing (Reuters)

Kazakhstan boosts copper output in January (Reuters)

Frontier Mining reports increased oxide, sulphide resources at Benkala (SRI)

POLITICS:

Kazakh President to visit China next week (TREND)

Kazakh presidential candidate turned down after failing language test (RIA Novosti)

SOURCE: http://silkroadintelligencer.com/2011/02/15/kazakhstan-daily-news-roundup-february-15-2011/

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/



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