Kazakhstan Chamber of Commerce in the USA

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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 – July 12, 2010 1

Posted on July 12, 2010 by KazCham

HEADLINES:

Tengizchevroil claims compliance with contract amid Kazakh claims
(SRI) – Tengizchevroil (TCO) denied allegations of unauthorized overproduction last week, as Kazakhstan’s financial police began an investigation of the oil venture’s activities.

Kazakhstan’s first restructuring fund open for business
(bne) – After a first close on $100 million in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country.

Capital building in Kazakhstan
(bne) – Astana seems an empty place in winter when the Siberian cold drives the population inside. But in June the Kazakh capital’s streets are a hive of activity as gangs of workmen frantically resurface roads and prepare new buildings for the dual birthday celebrations for Astana and President Nursultan Nazarbayev.

ENERGY:

Russia to lend Kazakhstan $700 million for power plant (SRI)

Saipem gets $1.3 billion of offshore contracts including one in Kazakhstan (Bloomberg)

Lukoil won’t repurchase 50-percent Kazakh JV stake (Reuters)

BUSINESS AND ECONOMY:

Negative outlook for Kazakhstan’s banking system maintained (Moody’s)

Kazakhstan’s journey of debt market redemption nears completion (Euroweek – Cbonds.Info)

BTA Bank’s creditors to join Directors Board (Interfax)

Bilfinger Berger manages shopping and entertainment center in Kazakhstan (Property Magazine)

Sembol Insaat to start residential construction project in Kazakhstan (Today’s Zaman)

Kazakh government to finance feasibility study for construction of Arkalyk-Shubarkol railway (Interfax)

WB to allocate $29.2 million for development of technical and vocational education in Kazakhstan (Interfax)

National Bank of Kazakhstan: Exchange rates July 10-12, 2010 (Kazinform)

METALS AND MINING:

ENRC Kazchrome to build new HC ferrochrome meltshop (Steel Guru)

POLITICS:

Personality cult rises up around Kazakh president (AP)

Kazakhstan shows more style than substance in addressing Kyrgyz crisis (EurasiaNet)

Kazakhstan calls for OSCE conflict prevention mechanism (New Europe)

U.S.-Kazakh deal on ’special cargo’ transit to Afghanistan comes into force (RIA Novosti)

REGIONAL:

Ravaged Kyrgyz village shows hard road to recovery (AP)

Turkmen leader orders establishment of private media (AFP)

BP CEO visits Azerbaijan amid talk of asset sales (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/12/kazakhstan-daily-news-roundup-july-12-2010/



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