Monthly Archive

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..

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..

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..

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 over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday.     "We know that ... read more..

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 — 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..

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 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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..

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..