Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – September 6, 2011 0

Posted on September 06, 2011 by Alex

Kazakhstan Daily News Roundup – August 25, 2011 0

Posted on August 25, 2011 by Alex

Kazakhstan Daily News Roundup – March 4, 2011 0

Posted on March 04, 2011 by KazCham

SOURCE: http://silkroadintelligencer.com/2011/03/04/kazakhstan-daily-news-roundup-march-4-2011/

ENERGY:

KMG EP boosts 2010 profit 12% on higher oil prices
(Bloomberg) – KazMunaiGas Exploration Production increased 2010 profit by 12% because of increased oil prices and a higher share of income from ventures.

Roxi Petroleum falls 15% as partner cancels $12-million payment (Guardian)

BUSINESS AND ECONOMY:

Kazakhstan may sell BTA stake in “people’s IPO”
(SRI) – Kazakh state-owned investment and holding company Samruk-Kazyna may sell part of its stake in BTA Bank as part of the “people’s IPO, central bank chairman Grigoriy Marchenko said on Thursday.

Kazakhstan makes early switch to managed float for tenge
(bne) – Kazakhstan’s central bank has abandoned the trading corridor for the national currency, the tenge, several weeks earlier than planned.

Kazakhstan does not plan to limit or close grain exports (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates March 4, 2011 (Kazakhstan Today)

Indicators – March 3, 2011 (Reuters)

METALS AND MINING:

Kazakhmys sees ‘strong’ copper prices, studies options for ENRC
(Bloomberg) – Kazakhmys rose 3.5% to 1,487 pence at the close in London trading, the biggest one-day gain in a month, after posting a 67% increase in earnings before interest, tax, depreciation and amortization.

POLITICS:

Kazakhstan election campaign begins (BBC News)

Kazakh opposition launches ‘Don’t Vote’ campaign (Telegraph)

Social media livening up Kazakhstan’s election season (EurasiaNet)

Kazakhstan Daily News Roundup – March 2, 2011 0

Posted on March 02, 2011 by KazCham

HEADLINES:

Kazakhstan to offer 5% stake in KMG EP in “people’s IPO”
(SRI) – Kazakh citizens will be offered 5% of shares in KazMunaiGas Exploration Production (KMG EP) when the state launches the so-called people’s IPO later this year, President Nursultan Nazarbayev announced on Tuesday.

ENERGY:

EBRD extends energy efficiency investments in Kazakhstan (The FINANCIAL)

BUSINESS AND ECONOMY:

Eurasian Bank to issue $200-300 million bonds (Reuters)

Monthly inflation 1.5% in February (SRI)

Kazakhstan expects $10 billion of industry investments this year (Bloomberg)

Alstom-TMH, Kazakhstan Temir Zholy finalize locomotive supply contract (Dow Jones)

Indicators – March 1, 2011 (Reuters)

POLITICS:

Global Insider: China-Kazakhstan relations (World Politics Review)

Farce gains ground in Kazakhstan’s lackluster election (EurasiaNet)



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