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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
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
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
Kazakhs charge ex-head of atomic power

Kazakhstan charged the former president of the national atomic power company of stealing state uranium assets yesterday, broadening an official campaign to uproot corruption in the resource-rich central Asian country.

29 2009 | Viewed: 789 | News / Theme of day | Read full
UPDATE 2-Uranium One stock plunges on Kazakhstan probe

TORONTO, May 27 (Reuters) - Shares of miner Uranium One (UUU.TO) plunged 38 percent on Wednesday after Kazakhstan said it was investigating past sales of the country's uranium assets to foreign companies.

28 2009 | Viewed: 694 | News / Theme of day | Read full
FACTBOX-Key uranium joint ventures in Kazakhstan

ALMATY, May 27 (Reuters) - Kazakhstan's security service said on Wednesday some of the country's uranium fields had been sold illegally to foreign firms by Kazakh state uranium company Kazatomprom, in a move certain to alarm investors.

28 2009 | Viewed: 756 | News / Theme of day | Read full
President Nursultan Nazarbayev Gives Interview to Correspondents of the Khabar Agency and Kazakhstan TV Channel

Nursultan Nazarbaev

A wide range of questions relating to the course of realization of the anti-crisis measures and the Road Map were answered in the course of the interview by the head of state.

22 2009 | Viewed: 918 | News / Theme of day | Read full
UPDATE 1-KazMunaiGas E&P Q1 net rises 70 pct on forex gains

ALMATY, May 21 (Reuters) - Kazakh oil producer KazMunaiGas Exploration and Production (KMGq.L) said on Thursday its net profit rose 70 percent year-on-year in the first quarter on foreign exchange gains while core earnings declined.

21 2009 | Viewed: 769 | News / Theme of day | Read full
Kazkommertsbank says no plans to restructure debt

ALMATY, May 20 (Reuters) - Kazakhstan's second-biggest bank Kazkommertsbank (KKGByq.L) said on Wednesday it had no plans to restructure its debt following restructuring announcements from three other Kazakh lenders.

21 2009 | Viewed: 783 | News / Theme of day | Read full
Republic of Kazakhstan 2009 Article IV Consultation

An International Monetary Fund (IMF) mission visited Kazakhstan during May 5-15, 2009 to conduct discussions for the 2009 Article IV consultation. The mission reviewed recent economic and financial sector developments and discussed the government's policy response to the economic crisis. The following statement reflects the views of the mission.

19 2009 | Viewed: 898 | News / Theme of day | Read full
UPDATE 1-IMF urges Kazakhstan to solve banks' problems

ALMATY, May 15 (Reuters) - Kazakhstan needs to resolve problems in its banking sector to restore economic growth and can consider a more flexible exchange rate after that, the head of the fund's mission to the country said on Friday.

16 2009 | Viewed: 757 | News / Theme of day | Read full
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