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Kazakhstan completes China gas link segment

BAISERKE, Kazakhstan, July 10 (Reuters) - China moved a step closer to securing a new source of gas supply on Friday when Kazakhstan finished building its segment of a pan-Central Asian gas pipeline designed to address China's growing energy needs.

11 2009 | Viewed: 728 | News / Theme of day | Read full
Kazakhstan wants to cut Kashagan cost by 30 pct

BAISERKE, Kazakhstan, July 10 (Reuters) - Kazakhstan wants to reduce the cost of developing its giant Kashagan oilfield by 30 percent, the chief executive of Kazakh state oil company KazMunaiGas [KMG.UL] said on Friday.

11 2009 | Viewed: 736 | News / Theme of day | Read full
UPDATE 1-Kazakh Alliance Bank agrees debt restructuring

ALMATY, July 8 (Reuters) - Kazakhstan's fourth-largest bank Alliance (ALLBq.L) said on Wednesday it had reached an agreement with creditors on restructuring its $4 billion debt, putting an end to months of uncertainty over its future.

10 2009 | Viewed: 849 | News / Theme of day | Read full
Former Kazakh Alliance CEO suspended from new job

ALMATY, July 7 (Reuters) - Kazakhstan's banking watchdog has suspended the former chief executive of Alliance bank (ALLBq.L) from his current job as head of Eurasian bankEUBN.KZ, another local lender, Eurasian bank said on Tuesday.

10 2009 | Viewed: 741 | News / Theme of day | Read full
Metallurgical plant will be established in Kazakhstan

The second in the world metallurgical plant based on the new steel-making process ITmk3 will be established in Kazakhstan. This project was supported by the President of the republic of Kazakhstan N.A.Nazarbayev at his meeting with the founders of the international Association of the Third Generation of Iron and Steel Technologies 3GIST.

6 2009 | Viewed: 1 036 | News / Theme of day | Read full
The video-bridge for journalists in Almaty

On July 1st, in Almaty, the Embassy of the USA in Kazakhstan has held the video-bridge for representatives of mass-media with Noam Scheiber, the senior editor of The New Republic magazine, where he covers economic and political themes.

3 2009 | Viewed: 754 | News / Theme of day | Read full
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: 815 | 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: 815 | 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: 758 | 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: 860 | 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: 882 | 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: 903 | 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: 733 | 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: 788 | 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: 716 | News / Theme of day | Read full
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