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UPDATE 1-Kazkommertsbank says bought back $300 mln in bonds

ALMATY, July 1 (Reuters) - Kazakhstan's second-largest lender, Kazkommertsbank (KKGByq.L)KKGB.KZ, said on Wednesday it had bought back about $300 million in Eurobonds since October 2007.

2 2009 | Viewed: 755 | News / Theme of day | Read full
Goldman Sachs leaves as Kazakh BTA advisor

ALMATY, July 1 (Reuters) - Investment bank Goldman Sachs (GS.N) will no longer advise Kazakhstan's largest bank, BTABTAS.KZ, on the restructuring of its $15 billion debt, BTA said on Wednesday.

2 2009 | Viewed: 763 | News / Theme of day | Read full
Kazakhtelecom to sell 51 pct stake in GSM firm

ALMATY, June 29 (Reuters) - Kazakh state-controlled fixed line operator Kazakhtelecom KZTK.KZ plans to sell its 51 percent stake in small GSM provider Mobile Telecom Service, it said on Monday.

30 2009 | Viewed: 712 | News / Theme of day | Read full
The three steps to financial reform

The Obama administration is expected on Wednesday to propose a reorganisation of the way we regulatefinancial markets. I am not an advocate of too much regulation. Having gone too far in deregulating - which contributed to the current crisis - we must resist the temptation to go too far in the opposite direction. While markets are imperfect, regulators are even more so. Not only are they human, they are also bureaucratic and subject to political influences, therefore regulations should be kept to a minimum.

17 2009 | Viewed: 804 | News / Review of Mass Media | Read full
FT ad campaign draws on Barack Obama endorsement

The Financial Times has today unveiled a new advertising campaign featuring an endorsement from US president Barack Obama.

16 2009 | Viewed: 815 | News / Theme of day | Read full
21st Plenary Session of the Foreign Investors Council Chaired by the President of the Republic of Kazakhstan

President Nursultan Nazarbayev Chairs in Kostanay 21st Plenary Session of the Foreign Investors' Council Chaired by the President of the Republic of Kazakhstan

The theme of the session: "Alternative Sources of Finance for Further Economic Development of Kazakhstan under the Varying Conditions in the Global Financial Markets".

14 2009 | Viewed: 842 | News / Theme of day | Read full
Kazakhstan urges foreign investors to help economy

KOSTANAI, Kazakhstan, June 12 (Reuters) - Kazakhstan, an oil-producing Caspian nation hit hard by the global recession, urged foreign companies on Friday to invest more of their profits locally to help diversify the economy.

13 2009 | Viewed: 683 | News / Theme of day | Read full
Four Islamic banks may open in Kazakhstan-cbank

KOSTANAI, Kazakhstan, June 12 (Reuters) - Kazakhstan expects three or four Islamic banks to set up operations in the former Soviet republic this year, central bank head Grigory Marchenko said on Friday.

13 2009 | Viewed: 720 | News / Theme of day | Read full
Kazakhstan's Kazakhmys puts zinc plant on hold

ALMATY, June 10 (Reuters) - Kazakh metals company Kazakhmys (KAZ.L) said on Wednesday it had suspended zinc production at its Balkhash plant in Kazakhstan due to low demand.

11 2009 | Viewed: 668 | News / Theme of day | Read full
President Nursultan Nazarbayev Holds a Meeting

President Nursultan Nazarbayev Holds a Meeting with Heads of the Government, Administration of the President, Samruk-Kazyna National Welfare Fund and the Agency on Regulation and Supervision of the Financial Market and Financial Organizations Who Reported on the Course of Realization of the Anti-Recessionary Program.

9 2009 | Viewed: 825 | News / Theme of day | Read full
IAB & HEC: results of cooperation (1999-2009)

International Conference "International Partnership as a Factor of Business Education Improvement" (8 June 2009 ., Almaty) is devoted to a decade of cooperation of International Academy of Business (IAB) and the Higher School of Commerce (HEC, France).

7 2009 | Viewed: 988 | News / Theme of day | Read full
Lunch with the FT: Bob Woodward

Bob Woodward strolled pensively towards the impeccably set table by the window - the one with a clear view of the White House across Lafayette Square. Wearing a sober red tie and a spotless dark suit, the legendary Watergate-exposing journalist bore the faint traces of a frown.

6 2009 | Viewed: 768 | News / Review of Mass Media | Read full
Kazakh regulator suspends Astana Finance licenses

ALMATY, June 4 (Reuters) - Kazakhstan's financial regulator said on Thursday it had suspended several licenses issued to Astana Finance ASFI.KZ, a domestic lender which has announced plans to restructure its debt.

5 2009 | Viewed: 695 | News / Theme of day | Read full
The Media Clubs meeting in the Association of Pension Funds

Aidar AlibaevOn May 29, 2009, the Media Club of PF Center for Business Journalism Bizmedia has conducted its next meeting in the office of the Association of Pension Funds. Mr. Aidar Alibayev, Association's Chairman, participated in the meeting as a speaker.

3 2009 | Viewed: 1 244 | News / News of Bizmedia | Read full
Kazakh SWF won't issue debt for BTA default-advisor

LONDON, May 29 (Reuters) - Kazakhstan's sovereign wealth fund Samruk-Kazyna is not planning to issue bonds as part of efforts to restructure the defaulted debt of BTA bank BTAS.KZ, an advisor to the process said on Friday.

Contradicting earlier comments by a senior Kazakh official, Marcia Favale-Tarter -- who is advising Samruk as well as the Kazakh government -- told Reuters that BTA creditors should not hope to exchange its bonds or loans for those of the state fund.

30 2009 | Viewed: 786 | News / Theme of day | Read full
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