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Revenue Watch Commends Norway for Landmark Step in Transparency Reporting


Thursday, January 21, 2010

NEW YORK--The Revenue Watch Institute congratulated Norwegian officials and transparency campaigners today as the nation's Extractive Industries Transparency Initiative (EITI) issued its first report, publishing all payments of taxes and fees made by oil companies to the government in 2008.

22 2010 | Viewed: 1 217 | News / News of Bizmedia | Read full
Norway discloses oil revenue payments in first Extractive Industries Transparency Initiative (EITI) report

Today Norway discloses oil revenues payments by companies and launches its first report under the Extractive Industries Transparency Initiative (EITI).

The Norwegian government already has institutions to control and oversee its received tax revenues, but this marks the first time all tax revenues are published on a company-by-company basis and reconciled by an external auditor (Deloitte). The report shows that in 2008 Norway total payments reported and received was 400 489 701 000 NOK.

22 2010 | Viewed: 862 | News / Theme of day | Read full
New Members Elected to JSC Alliance Banks Board of Directors

Almaty, 21 January 2010 - JSC Alliance Bank (the "Bank") has announced termination of the authorities of some members of the previous Board of Directors and election of the new members. The decisions were made at the Management Board meeting of the Bank's sole shareholder - JSC National Welfare Fund "Samruk-Kazyna".

22 2010 | Viewed: 1 370 | News / Theme of day | Read full
How the big banks rigged the market

When Lloyd Blankfein met politicians in London a little while ago he brushed aside warnings that investment banks faced higher taxes if they ignored the rising public outcry about multibillion-dollar bonus pools. The Goldman chief executive seemed to believe governments would not dare.

20 2010 | Viewed: 651 | News / Review of Mass Media | Read full
Kazakhstan hopes to end Karachaganak row in 2010

ASTANA, Jan 15 (Reuters) - Kazakhstan hopes to resolve a dispute with a group of foreign companies led by BG (BG.L) and Eni (ENI.MI) over the huge Karachaganak gas field this year, Energy Minister Sauat Mynbayev said on Friday.

17 2010 | Viewed: 684 | News / Theme of day | Read full
Soros fund to set up Hong Kong office

Soros Fund Management, billionaire investor George Soros' investment company, is setting up an office in Hong Kong to take advantage of the region's growth, according to a person familiar with the matter.

17 2010 | Viewed: 850 | News / Theme of day | Read full
Iraq Joins Global Transparency Effort

With EITI announcement, Iraqi leaders make historic investment in national and regional stability.


NEW YORK--The Revenue Watch Institute today congratulated the Government of Iraq as it joined the Extractive Industries Transparency Initiative, taking a historic step toward the efficient and open management of its oil industry.

13 2010 | Viewed: 641 | News / Theme of day | Read full
Corruption-plagued Iraq joins oil transparency group
BAGHDAD (Reuters) - Iraq joined a global transparency initiative Sunday in a bid to heal its reputation as a nation plagued by corruption and misuse of its vast oil wealth.
12 2010 | Viewed: 527 | News / Theme of day | Read full
Declaration on Customs Union creation, Action Plan on formation of Single Economic Space signed in Almaty

ALMATY. December 19. KAZINFORM. /Daniyar Sikhimbayev/ A joint declaration on creation of the Customs Union between Kazakhstan, Belarus and Russia and an Action Plan on formation of the Single Economic Space have been signed at the CIS Informal Summit in Almaty today.

20 2009 | Viewed: 867 | News / Theme of day | Read full
Leaders of CIS states meet in Almaty

ALMATY. December 19. KAZINFORM. A two-day informal meeting of the CIS states' heads opens in Almaty on December 19.

19 2009 | Viewed: 650 | News / Theme of day | Read full
UPDATE 2-Kazakh bank Eurasian to buy Troika bank

ALMATY, Dec 15 (Reuters) - Kazakh bank EurasianEUBN.KZhas bought for an undisclosed sum a small bank from Troika Dialog, Russia's oldest brokerage, as part of its expansion strategy.

18 2009 | Viewed: 613 | News / Theme of day | Read full
Restructuring Plan Approved



15 December 2009

JSC Alliance Bank (the "Bank") is delighted to announce that its Restructuring Plan was approved by the requisite majority of Claimants at the Claimants' Meeting held today in Almaty. The Restructuring Plan covers over U.S.$ 4.5 billion of the Bank's financial indebtedness.

16 2009 | Viewed: 959 | News / Theme of day | Read full
Citigroup, Wells Fargo to pay back U.S.

NEW YORK (Reuters) - Citigroup Inc and Wells Fargo & Co said they were paying back funds to the U.S. government, in transactions that will end taxpayers' capital support of the biggest U.S. banks much sooner than had been expected just weeks ago.

15 2009 | Viewed: 594 | News / Theme of day | Read full
BP says Lukoil buys out stake in CPC pipeline JV

LONDON, Dec 11 (Reuters) - British oil company BP (BP.L) said on Friday it had sold its stake in Lukarco, which has a minority stake in the Caspian Pipeline Consortium, to its joint venture partner, Russia's Lukoil (LKOH.MM), for $1.6 billion in cash.

14 2009 | Viewed: 514 | News / Theme of day | Read full
BofA finishes TARP repayment

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.

11 2009 | Viewed: 646 | News / Theme of day | Read full
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