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IMF Executive Board Concludes 2009 Article IV Consultation with the Republic of Kazakhstan

On July 8, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Kazakhstan.

30 èþëÿ 2009 | Viewed: 867 | News / Theme of day | Read full
Kazakh bank BTA sees 66-97 pct debt haircuts

ALMATY, July 24 (Reuters) - Kazakhstan's largest bank BTA BTAS.KZ estimates the haircuts it will offer to creditors at 66 to 97 percent, excluding trade finance, the bank said on Friday.

25 èþëÿ 2009 | Viewed: 720 | News / Theme of day | Read full
Kazakh bank BTA halts debt interest payments

ALMATY, July 24 (Reuters) - Kazakhstan's largest bank BTA BTAS.KZ has halted interest payments on its debt, the bank, which stopped principal repayments in April, said on Friday.

25 èþëÿ 2009 | Viewed: 685 | News / Theme of day | Read full
Kazakh KazMunaiGas H1 profit falls 86 pct

ALMATY, July 22 (Reuters) - Kazakh state oil and gas company KazMunaiGas [KMG.UL] said on Wednesday its consolidated net income fell to 39.2 billion tenge ($260 million) in the first half from 271.5 billion tenge in the same period of 2008.

24 èþëÿ 2009 | Viewed: 737 | News / Theme of day | Read full
UPDATE 1-Citi cuts lending limits to top Kazakh banks

ALMATY, July 20 (Reuters) - Citigroup (C.N) has cut lending lines to top Kazakh banks and will quit local interbank deposit indicator KazPrime, whose manager said more members could leave soon as credit limits tighten.

22 èþëÿ 2009 | Viewed: 736 | News / Theme of day | Read full
RPT-Kazakh Zhaikmunai places GDRs at $4 apiece-source

MOSCOW, July 20 (Reuters) Kazakh oil company Zhaikmunai (ZKMq.L) sold $300 million worth of new Global Depositary Receipts for $4 apiece, a source close to the placement said on Monday.

21 èþëÿ 2009 | Viewed: 691 | News / Theme of day | Read full
Kazakhstan central bank grapples with CDS headache

Astana, the capital of Kazakhstan, lies thousands of miles from London's trading rooms - let alone the political lobbyists in Washington. This summer, however, Grigori Marchenko, the Kazakh central bank governor, has reason to follow the US and UK debate about the future of credit derivatives with particular interest.

17 èþëÿ 2009 | Viewed: 810 | News / Theme of day | Read full
SK Telecom considering bid for Kazakhtelecom unit

SEOUL, July 14 (Reuters) - SK Telecom Co (017670.KS), South Korea's top mobile operator, said on Tuesday it was considering bidding for a 51 percent stake in Kazakhtelecom's KZTK.KZ wireless unit Mobile Telecom Service.

16 èþëÿ 2009 | Viewed: 694 | News / Theme of day | Read full
Medvedev departs from party line on joining WTO

Russian president Dmitry Medvedev yesterday announced Moscow could still join the World Trade Organisation on its own, in his biggest policy clash in public with Vladimir Putin.

13 èþëÿ 2009 | Viewed: 812 | News / Theme of day | Read full
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 èþëÿ 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 èþëÿ 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 èþëÿ 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 bank EUBN.KZ, another local lender, Eurasian bank said on Tuesday.

10 èþëÿ 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 èþëÿ 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 èþëÿ 2009 | Viewed: 754 | News / Theme of day | Read full
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