2009

18 Nov

Economy

2992

Kazakh banking sector reaches bottom; BTA and Alliance restructuring to impact further growth

Kazakhstan's banking sector reached the bottom this fall and is now on its way to recovery, according to a research report authored by Russian investment bank VTB Capital. The bank attr... read more..

18 Nov

Extra

3532

Uranium One gets Kazakh approval to buy 50-percent stake in Karatau uranium mine

Kazakhstan's Ministry of Energy and Mineral Resources approved Canada-based Uranium One's acquisition of a 50-percent interest in the Karatau uranium venture from Russia's Atomredmetzoloto (ARMZ). ... read more..

18 Nov

Events and opinions

2825

Kazakhstan: Nazarbayev Dodges President-for-Life Question Ahead of Astana's OSCE Chairmanship

As Kazakhstan gears up to chair the Organization for Security and Cooperation in Europe in 2010, Astana is facing criticism over its recent democratization record. Helping to highlight the country's i... read more..

BTA Bank’s former chairman loses legal challenge against asset freeze

16 Nov

Events and opinions

3799

BTA Bank’s former chairman loses legal challenge against asset freeze

London's High Court ruled today (12 November) to maintain a freezing order restricting the assets of BTA Bank's ex-chairman, Mukhtar Ablyazov, and other former managers. Court sessions held on the mat... read more..

Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev

16 Nov

Extra

3272

Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev

Kazakhstan will not allow foreign investors to take control over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday. "We know that ... read more..

16 Nov

Economy

3656

Kazakh tenge ready to appreciate - Marchenko

The fundamentals for the Kazakh tenge to appreciate are in place, central bank chairman Grigoriy Marchenko said on Wednesday, citing rising oil prices and improving current account. Ear... read more..

Tolerance is under attack. However it's the basis of country survival

16 Nov

Events and opinions

2422

Tolerance is under attack. However it's the basis of country survival

Tolerance — major vitality resource of Kazakhstan has become a subject of testing. The specificity of our country is the high level of tolerance; it's impossible to speak of any normal country develop... read more..

16 Nov

Economy

4180

Russia torpedoes Kazakhstan's uranium sector, Kazatomprom ex-head

The arrested Kazatomprom ex president Mukhtar Djakishev, who led the national uranium company, Kazatomprom, for nearly a decade and practically turned it into one of the world leading producers, belie... read more..

Kazakhstan may require foreign companies to use domestic banks

12 Nov

Economy

3065

Kazakhstan may require foreign companies to use domestic banks

Kazakhstan may introduce requirements for foreign companies to use domestic banks for banking services and local insurers for insurance services, central bank chairman Grigoriy Marchenko said on Wedne... read more..

12 Nov

Political process

2891

Supporters Of Jailed Kazakh Activist Says Case Politically Motivated

Supporters of leading Kazakh human rights activist Yevgeny Zhovtis say his case is politically motivated, RFE/RL's Kazakh Service reports. Yevgeny Zhovtis, the director of the Almaty-base... read more..

Whose conditionality? The failure of EU sanctions on Uzbekistan.

12 Nov

Extra

3206

Whose conditionality? The failure of EU sanctions on Uzbekistan.

On October 27, the European Union at its General Affairs and External Relations Council Meeting in Luxembourg decided, as expected, not to renew the sanctions imposed on Uzbekistan in the aftermath of... read more..

AZERGATE: U.S. businessman sentenced in oil bribery case

12 Nov

Corruption!

3302

AZERGATE: U.S. businessman sentenced in oil bribery case

He was paying millions to father and son Aliyevs - senior leaders of the former Soviet republic. Next trail should be KAZAKHGATE. American businessman and co-founder of upscale handbag ma... read more..

11 Nov

Economy

3143

Kazakhstan Plans to Sell First Foreign Bond in Decade

Kazakhstan plans to offer its first foreign-currency bonds in a decade next year, joining Russia in seeking to lure back investors as rising energy prices spur the former Soviet region's economic reco... read more..

11 Nov

Economy

2984

Kazakhstan may restrict foreign ownership in the banking sector

Kazakhstan may limit foreign ownership of banks and other financial companies to reduce the risk of a credit crunch, central bank chairman Grigoriy Marchenko said on Tuesday. "If it is nec... read more..

10 Nov

Economy

3578

Finmeccanica, Kazakhstan sign MoU

Italian aerospace and defense company Finmeccanica has signed a memorandum of understanding with a Kazakhstan sovereign wealth fund for a raft of cooperation deals. The agreements cover h... read more..

10 Nov

Economy

3246

Kazakhstan to reduce coal output in 2009

According to Mr Duysenbay Turganov deputy minister of energy and mineral resources of Kazakhstan in 2009 Kazakhstan will reduce its coal output by about 12 million tonnes YoY to around 93 million tonn... read more..

10 Nov

Events and opinions

2545

Berlusconi hails Kazakh men for population growth

Italy's Silvio Berlusconi praised the virility of Kazakhstan's men during a visit to Rome by its president, Nursultan Nazarbayev, saying this was the reason for the former Soviet country's population ... read more..

09 Nov

Economy

2667

BTA loses $13.4 billion in Jan-Sep

BTA Bank, until recently Kazakhstan’s biggest bank, lost KZT2 trillion ($13.4 billion) in January through September, the bank reported on Thursday. BTA was nationalized in February and we... read more..

09 Nov

Economy

2636

Kazakhstan’s current account deficit totaling $3.4 billion in Jan-Sep

Kazakhstan’s current account deficit in the first nine months of 2009 totaled $3.4 billion, the National Bank of Kazakhstan reported last week. In the third quarter of 2009, Kazakhstan ... read more..

06 Nov

Economy

4194

Eni and KazMunaiGas close to deal

Italy's Eni group and Kazakhstan's London-listed KazMunaiGas last night signed a preliminary agreement that could result in up to $50bn of investments in the central Asian state's upstream and downstr... read more..

05 Nov

Extra

3020

Kazakhstan investigates opposition paper's printer

Kazakhstan's financial police have launched a criminal investigation against the printer of an opposition newspaper critical of the authorities. Kazakhstan will next year chair Europe's... read more..

05 Nov

Economy

2969

Transparency level in Kazakhstan lags behind Russia, Europe - S&P

In a report released in October, Standard & Poor’s said the transparency level is average for the largest public companies and weak for large non-public government-controlled companies. The S... read more..

The government should think on perspectives too

04 Nov

Extra

3096

The government should think on perspectives too

In solving of necessary economical problems and implementation of anti-crisis policy it is impossible to forget the perspectives. Kazakhstan needs modernization of economy, establishment and developme... read more..

03 Nov

Economy

2888

Kazkommertsbank repays $500-million Eurobond

Kazkommertsbank (KKB) has repaid a $500-million Eurobond at maturity using its own funds, the bank said in a statement on Tuesday. “We hope that the international investor community wil... read more..

03 Nov

Events and opinions

2345

US Diplomats Rap Astana’s Democratization Performance

As Kazakhstan prepares to assume the chair of the Organization for Security and Cooperation in Europe, US diplomats are exerting pressure on Astana to enact promised reforms. Kazakhstan... read more..

03 Nov

Economy

2940

Kazakhstan: A Showpiece of Energy Wealth Rises in the Western Desert

Kazakhstan's port city of Aktau on the Caspian Sea has had some ups and downs in its short history. Founded just half a century ago, it thrived as a center of the Soviet uranium and chemical industrie... read more..

02 Nov

Corruption!

4609

THE FRAUD OF THE KNB CHAIRMAN AMANGELDY SHABDARBAYEV AND HIS AGENTS

Operating Manual „How to Still $1111111 from the State Treasure” The old scandal about leading away more one million dollars from the state treasure has cropped up again. This tricky op... read more..

30 Oct

Events and opinions

2706

The Future Nuclear Powers You Should Be Worried About

Iran's and North Korea's nuclear programs -- not to mention the risk of loose nukes in Russia or Pakistan -- are worrying enough. But a number of other countries are looking to join the nuclear club, ... read more..

29 Oct

Extra

3228

Jailed Kazakh Uranium Company Chief Requests Hospitalization

The former president of Kazakhstan's Uranium-producing giant KazAtomProm says he needs to be hospitalized, RFE/RL's Kazakh Service reports. Mukhtar Dzhakishev was released from the hosp... read more..

29 Oct

Political process

3270

EU scraps last Uzbek sanctions

EU scraps arms embargo against Uzbekistan, last sanction imposed after 2005 crackdown The European Union on Tuesday dropped the last remaining sanctions against Uzbekistan imposed ... read more..

Monthly Archive